The Number: What Do You Need for the Rest of Your Life and What Will It Cost?
by Lee Eisenberg
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bookshelves:
finance,
non-fiction
Read in October, 2007
The Number is a book about retirement. It's very accessible, and somewhat informative, but it's also a bit scatterbrained. The subtitle is also almost entirely misleading: while the book does discuss how many retirement calculators don't do a good job of assessing what a person actually needs to retire, it doesn't offer a better approach.
The main purpose of the book--belying it's subtitle--appears to be an attempt to document some of the history of the idea and practice of retiring in the ...more
The main purpose of the book--belying it's subtitle--appears to be an attempt to document some of the history of the idea and practice of retiring in the ...more
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Read in February, 2008
About personal investment and retirement. Key point: Most people start saving for retirement too late, underestimate how much they will need (partly because we live longer now) and does not pay enough attention to allocation between investment instruments. Much wisdom, but despite the title, Eisenberg never comes out and says what the number ought to be.....
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quit-reading-hated-it-
Read in March, 2008
I got about halfway through and couldn't take it anymore. I wasn't interested so much in theorizing as in practical strategies and information. I also found the author/narrator (don't read your own books, people, unless you have a background in acting, too!) and his anecdotes about super-rich acquaintances off-putting.
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I started this book ages and ages ago, and I'm still not done. The reality of how much one must make in order to sustain a living in which one's already accustomed to is shocking and scary, not to mention all that other stuff once you start a family. SCARY........that's why I still haven't finished it!
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Apparently, I will be poor and homeless when I retire, thanks to all the other generations that effed it all up. It's one of those things that's "good to know" so that you can plan the rest of your life away, but I am tempted to pull my "ignorance is bliss" card.
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this book was a joke. I think that most people who are able to read will quickly learn that it does not tell you anything that you don't already know. I wish that I had written it. The author's "number" got higher because I bought it.
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Read in February, 2008
This review has been hidden because it contains spoilers. To view it, click here.
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Read in March, 2008
Lee's a great writer, and this book is well-written, but there wasn't a lot in here that I didn't already know (about saving for retirement). Some good research and anecdotes.
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