The Motley Fool's Money After 40: Building Wealth for a Better Life

by David Gardner, Tom Gardner

With their famous wit, seasoned advice, and impeccable business savvy, the bestselling financial duo explains how to build wealth and security -- and how to afford anything you want when the work is done.

The Motley Fool's Money After 40 is for anyone who wants a stable future free from financial anxiety. You will learn how to fortify your portfolio to weather any economic climate and live the life you want regardless of the market's peaks and valleys.

Applying the principles of commonsense money management, David and Tom Gardner's goal is to help you determine what you will need and want when you retire and to guide you in creating realistic financial goals. From owning the right size home to affording sufficient health care coverage, from sending kids to college to taking that exotic vacation, The Motley Fool's Money After 40 explains how to:

• Organize your finances to preserve the funds you already have

• Master estate planning

• Determine whether you can turn a hobby into a small business

• Finance your children's education and care for aging parents

• Live a healthy, productive life free from fiscal anxiety

Comprehensive and amusing, The Motley Fool's Money After 40 is a one-stop financial guidebook for gilding the golden years.

Genres: Nonfiction, Finance, Economics, Self Help

272 pages, Paperback

First published May 25, 2004

About the author

Tom and David Gardner cofounded The Motley Fool, a multi-media financial education company, in 1993. Since then they have co-authored four New York Times bestsellers, including The Motley Fool Investment Guide and The Motley Fool's Rule Breakers, Rule Makers.


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Reviews

[Sam · Rating 4 out of 5]

A bit dated, but the general concepts hold up well. (The chapter on health care and long term care insurance could use an update.) The Fools, and the website they started 25+ years ago, were a key foundation to my financial literacy and the plan I've attempted to follow ever since. If you're familiar with their teaching, this will mostly be old news. Even so, it's a good reminder and focus for the latter years.

[Matthew Myers · Rating 4 out of 5]

This book is good. It gives you lots of things to look into if you have not thought about when you reach the age of 40 or above.

[Scott · Rating 4 out of 5]

The Brothers Fool constantly urge their followers to recycle and reuse: they've certainly followed their own advice in their latest guide to personal finance. Money After 40 is a compendium of ideas and observations that have appeared in many other Fool publications over the last fifteen years. So, if you don't want to buy and read the whole Fool corpus, you might be best served by skimming through this fairly short and generally pleasant read. Yes, there are some scary parts, especially if you're middle aged and haven't started saving and investing; but there are lots of good ideas not only on how to save and invest but also on how to plan for a socially and intellectually rewarding retirement.

My favorite chapter was on teaching your kids about money. If only I had invested $1,000 in an index fund on the day I was born! Oh, hang on ... no such things as index funds back then. But there's no reason modern parents shouldn't set up a small investment for each of their kids in a no-load index fund and let the miracle of compound interest and dividend reinvestment create a very, very nice nest egg over the course of five or six decades.

[Topher · Rating 4 out of 5]

A nice quick read from The Motley Fool, assuring myself I'm doing what I should be doing. No real surprises here given all of my recent listening and reading material, but it may be good for people who haven't really considered anything about retirement, college for children, helping out parents, etc.

[David · Rating 4 out of 5]

If you are getting close to that age, you better start preparing. This book covers all sorts of aspects besides investing that you will want to know as you approach 40 and later.