'tis the season for getting a financial clue (or at least reading a good book about it)
December 8, 2011 8:37 AM Subscribe
holiday gift filter: personal finance books for a brainy but somewhat clueless academic obsessed with not retiring in poverty?
posted by 5Q7 to Work & Money (3 answers total) 16 users marked this as a favorite
Lately, a good friend (early 30s, no student loan debt, few assets, modest lifestyle, etc.) has been expressing anxiety over his financial future. That is, he's worried about a faculty salary (probably $60k/yr) not being enough to eventually retire upon comfortably (which may be true for all of us, but I believe in being as proactive as possible at the individual level despite however lousy the big picture may be).
Obviously, I've brought up meeting with TIAA/CREF, which he will. But, even before that, to start the thinking/planning process, I'm looking for recommendations of books on personal finance which could help him work through the basics of how to approach making a plan for the future that fits his particular values, priorities, and lifestyle, etc. He's definitely a humanities type so far as finding "numbers" intimidating (needless to say, he'll need to get over that), although I could easily see him eventually becoming quite engaged with this topic. Overall, he's a pretty logical, methodical, and sensible type who definitely takes seriously matters like security and the future. (Bonus points for any books dealing the unique features of the U.S. financial system for someone more familiar with the economics/politics/public policy of Commonwealth countries.) Thx.