Retirement is an opportunity to explore.
Listed below are some books, periodicals and websites which you may find helpful. They provide a wealth of useful information on a range of financial topics. While we list this information for your convenience, Braeside Financial Planning LLC does not endorse any companies or products and is not responsible for the accuracy of any information contained in these resources.
Financial Planning and Investing
Certified Financial Planner (CFP® ) Board of Standards – Information about CERTIFIED FINANCIAL PLANNERTM licensees and the financial planning profession, including the requirements to become a CFP® professional, and tips on how to select a financial advisor.
Yahoo Finance – A top site for business headlines, stock quotes, financial news and commentary on U.S. and world markets.
Kiplinger Personal Finance – Timely personal finance advice and business forecasts.
Mutual Fund Investors Center – An excellent site for new investors to learn the basics and to use planning tools.
Morningstar – A primary provider of mutual fund research. Good articles on current markets and commentary for more-experienced investors.
Colleges and Financial Aid
Savingforcollege.com – Independent and objective information on different ways to save and pay for college.
College Foundation of North Carolina - This is the official site for N.C. residents to learn about the state-sponsored 529 savings plan.
College Board On-Line – College planning news, tools and information for parents and students.
Social Security Administration – News and how-to information on tax withholding, obtaining a replacement card or Statement of Earnings and Benefits, etc.
Internal Revenue Service – Tax information, directions, tools, tax forms, etc.
Medicare – Eligibility and benefits, billing, downloadable Medicare forms. The site provides information on comparing health care options and on locating participating providers by geographic area.
Independent Insurance Agents and Brokers of America - National association of independent insurance agents and brokers. The site includes an insurance agent database.
Books & Periodicals
Financial Planning and Investing
- Kiplinger Personal Finance – A monthly financial periodical which covers a mix of everyday financial topics. The magazine's articles include links to good online sources of free information and financial tools.
- The Millionaire Next Door, by Thomas Stanley and William Danko – An easy read providing a profile of a typical millionaire, how he/she became one, and how you can learn from him/her. Contrary to common perception, most millionaires are not born into that status, but are self-made people of average intelligence, above-average drive, and who learn early to live below their means. .
- Personal Finance Workbook for Dummies, by Sheryl Garrett, CFP® – A practical, hands-on workbook on how to assess your financial situation and manage your money. The author is the founder of the Garrett Planning Network, Inc.
- Seven Stages of Money Maturity: Understanding the Spirit and Value of Money in Your Life, by George Kinder, CFP® – A book which takes the reader through the seven stages (innocence, pain, knowledge, understanding, vigor, vision, and aloha) necessary to progress beyond financial security to emotional security.
- Asset Dedication, by Huxley and Burns – This book is easy to understand and provides a good, definable way to determine the allocation of a portfolio to bonds and fixed income, for those near or in retirement.
- All About Asset Allocation, by Richard Ferri – Portfolio creation 101 by one of the financial industry's leading proponents of passive investing.
- Conserving Client Portfolios in Retirement, by William Bengen – An excellent, if more advanced, study of safe withdrawal rates in retirement.
- The Bogleheads' Guide to Retirement Planning, by Larimore, Lindauer, Ferri and Dogu – Retirement planning for novices in financial planning.
- The Investment Answer, by Goldie and Murray – A very short book from a Wall Street insider (Murray, also a fellow alumnus of UNC Chapel Hill) who, on his deathbed, advises for fee-only financial planners and against using those in the industry making their living as he did for 25 years.
- The Big Short, by Michael Lewis – The deep and intriguing story of those who predicted the U.S. housing collapse, and how they found a way to profit from their prediction. Their actions helped advance the bursting of the housing bubble to trigger the near collapse of the global financial system.
- Finding a Real Cowboy, by James Pasztor – A very short book extolling the wisdom of using fee-only financial planners.
- Buy and Hold is Dead (Again), by Kenneth Solow – This excellent book makes a great case for distinguishing between passive investments and active portfolio management.
- The Four Pillars of Investing, by William Bernstein – A primer for investment planning.
- A Random Walk Down Wall Street, by Burton Malkiel – A classic among books covering stock market and bond market investing, it provides a great foundation for those new to personal investing.