He’s neither pushing insurance products such as annuities are running away from them. What I appreciate most about this book is that it is agnostic when it comes to strategy. Pfau covers every aspect of retirement planning, from sustainable spending to annuities to long-term care planning.
Wade Pfauįor those in or near retirement, the Retirement Planning Guidebook is a must read. Retirement Planning Guidebook: Navigating the Important Decisions for Retirement Success by Dr. This is the one book on the list ideal for those who never want to read a book about investing. It’s a valuable book for those wanting to understand just why index funds beat most active investors, even the professionals, over time.
The value of the book, however, goes far beyond storytelling. Wigglesworth manages to weave the history of passive investing into a compelling story that includes the likes of Jack Bogle, Warren Buffett, Harry Markowitz, William Sharpe, Eugene Fama and Rex Sinquefield. While it may seem odd to use the phrase “engaging story” in the same sentence with “index funds,” trust me, this book is a fantastic read. Trillions is a wonderfully engaging story about the history of index funds. Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever by Robin Wigglesworth I need reminded of that from time to time. Sometimes, we don’t even know what could happen.” Referring to the pandemic, Howard Marks said that it “should convince us that we don’t know what’s going to happen. In the heat of the moment, whether tech stocks in the 90s, real estate leading up to the Great Recession, or growth stocks and crypto today, the legendary investors remind us that things change in unpredictable ways. One of the most important lessons the book teaches is avoiding myopic thinking.
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