Many readers understand the complexities of zombies and Jedi warriors better than the intricacies of fiscal planning and investments. But while some would prefer to binge-watch The Walking Dead rather than deal with 401(k) accounts, three recent books reviewed by Kirkus Indie seek to help the financially illiterate.
In Reverse Mortgages, Wade Pfau advocates using this instrument as part of a retirement strategy. The author examines the pertinent regulations and provides an abundance of information to help his audience make this crucial decision, taking into account the emotional role that houses play in their owners’ lives. The work, our critic asserts, delivers “a well-reasoned argument in favor of the reverse mortgage.”
Scott Trench’s Set for Life presents a three-step proposal thattargets a specific audience: “The full-time median (around $50,000 per year) wage earner who has little to no initial savings but wants early financial freedom.” The author’s formula starts with zero personal wealth and ends in fiscal independence, promoting a period of self-sacrifice before making any monetary moves. One of Trench’s tips involves buying a multifamily unit, living in one section, and renting out the rest. “Cogently written and ideal for those beginning their careers who are not averse to risk,” our reviewer writes.
Aiming to demystify the world of stocks and bonds, James E. Demmert in The Journey to Wealth offers 18 principles to aid consumers, supported by graphics, charts, and tables. Starting with “Fundamentals of Investing,” the volume supplies a short history of financial crises, explains basic terms, and explores “investor psychology.” Our critic calls the manual “a comprehensive and accessible guide to understanding financial options and the stock market by an author who describes himself as ‘passionate about successful investing.’ ” Myra Forsberg is an Indie editor.