Comments on: Beach Reading on Personal Finance http://toughmoneylove.com/2009/06/24/financial-reading-beach/ The Hard Truth about Money and Personal Finance Fri, 19 Mar 2010 02:03:20 +0000 http://wordpress.org/?v=2.9 hourly 1 By: JeffS http://toughmoneylove.com/2009/06/24/financial-reading-beach/comment-page-1/#comment-7136 JeffS Sun, 17 Jan 2010 17:28:13 +0000 http://toughmoneylove.com/?p=4031#comment-7136 Just started reading "Comeback America, Turning the Country Around and Restoring Fiscal Responsibility." Book is written by David Walker, formerly of the U.S. General Accounting Office. Should be mandatory reading for every spend-thrift politician! Just started reading “Comeback America, Turning the Country Around and Restoring Fiscal Responsibility.” Book is written by David Walker, formerly of the U.S. General Accounting Office. Should be mandatory reading for every spend-thrift politician!

]]> By: Roger http://toughmoneylove.com/2009/06/24/financial-reading-beach/comment-page-1/#comment-4869 Roger Fri, 26 Jun 2009 01:26:09 +0000 http://toughmoneylove.com/?p=4031#comment-4869 Oh, I love Dave Barry's Money Secrets; if you're overloaded on serious money books, it makes an excellent break. The more money reading you do, the funnier it actually becomes; I re-read a few weeks ago, and it was even funnier than I remember. As for Bodie's advice, while he has some interesting ideas, I don't think his plans are workable for anyone who needs more than half of their income to live on (or in many cases, even less). If you're making a great deal of money and only spend a small fraction, putting enough into inflation indexed bonds might work. But for someone like me, who would like to retire in twenty-five years or so, I'd need to put two times my desired real (not counting inflation) income into the TIPS account every year. That's just not realistic. Oh, I love Dave Barry’s Money Secrets; if you’re overloaded on serious money books, it makes an excellent break. The more money reading you do, the funnier it actually becomes; I re-read a few weeks ago, and it was even funnier than I remember.

As for Bodie’s advice, while he has some interesting ideas, I don’t think his plans are workable for anyone who needs more than half of their income to live on (or in many cases, even less). If you’re making a great deal of money and only spend a small fraction, putting enough into inflation indexed bonds might work. But for someone like me, who would like to retire in twenty-five years or so, I’d need to put two times my desired real (not counting inflation) income into the TIPS account every year. That’s just not realistic.

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