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These books can guide you to a better retirement

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These books can guide you to a better retirement

Need to benefit from the cash you’ve saved for retirement, or would you want to maximise your advantages? There are many insightful books to shed mild or present various views on all features of this subsequent chapter in life. 

Retirement Tip of the Week: In preparation for the brand new 12 months, and the entire cash resolutions that come together with it, decide up a e book that addresses the perfect methods to avoid wasting, make investments and construct a strong retirement. 

There are library cabinets stuffed with private finance books, and a few particularly centered on retirement. There are additionally different features to think about when planning or dwelling in retirement, akin to healthcare, the place on this planet you’re dwelling and discovering objective. 

Whereas there are many great choices on the market, listed below are only a few books to think about in case you’re on the lookout for slightly extra steering – or a contemporary angle – to your retirement. 

Learn: Need to age in place? You might have a robotic retaining you firm.

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Financial savings and investing for retirement 

Cashing Out: Win the Wealth Sport by Strolling Away” by Julien and Kiersten Saunders 

The Saunders paid off $200,000 in debt in 5 years, and have since stop their company jobs and have become icons within the private finance area. Of their first e book, they assist People prioritize their targets at numerous profession phases, focus on why it’s possible you’ll not really feel prepared for monetary freedom (and why that’s OK) and share sensible methods to carrying out your targets. 

“Broke Millennial” by Erin Lowry 

This e book isn’t centered fully on retirement financial savings, however it does encourage younger employees to place cash apart for the longer term, and affords recommendations on how to take action via contributions and funding decisions. Lowry additionally emphasizes why it’s so vital for youthful generations to start out investing for retirement early, particularly due to the facility of compound curiosity. 

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Cash administration in retirement 

Retirement Planning Guidebook: Navigating the Necessary Selections for Retirement Success” by Wade Pfau 

Retirement earnings planning, which focuses on how greatest to make the most of your property and advantages in retirement, is simply as vital because the many years spent saving for the longer term. Pfau, who has a number of books on retirement planning, created this complete information for key choices to make, each monetary and nonfinancial, for retirement.

Learn: You don’t want retirement financial savings, you want retirement earnings

The right way to Make Your Cash Final: The Indispensable Retirement Information” by Jane Bryant Quinn 

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Operating out of cash is a prime concern for a lot of People, and Quinn tackles that nightmare state of affairs on this e book. The creator helps readers perceive the perfect methods to create a gentle paycheck from their financial savings, and numerous choices to make surrounding financial savings, investments, dwelling fairness and past.

The New Retirementality: Planning Your Life and Dwelling Your Desires… at Any Age You Need” by Mitch Anthony 

In its fifth version, this e book seems at discovering objective in retirement and dealing with what you’ve acquired on this chapter to take pleasure in your life. The creator additionally contains worksheets to get organized with cash. 

Need extra actionable ideas to your retirement financial savings journey? Learn MarketWatch’s “Retirement Hacks” column

Early retirement and monetary independence 

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The Easy Path to Wealth: Your Highway Map to Monetary Independence and a Wealthy, Free Life” by J.L. Collins 

This e book digs deep into monetary independence, by exploring debt, investing within the inventory market, conventional versus nontraditional monetary recommendation, understanding all of the account choices for retirement financial savings and why you want “F-you Cash.” The message appears to resonate with readers – it has 4.5 out of 5 stars with greater than 8,600 critiques on Amazon. 

Work Non-compulsory: Retire Early the Non-Penny Pinching Means” by Tanja Hester

Hester has grow to be an skilled and spokeswoman within the monetary independence area, and she or he did so by first carrying out the feat herself. On this e book, the creator breaks down easy methods to create an early retirement plan, budgeting for future bills you may’t anticipate, withstanding turbulent occasions within the financial system and doing the whole lot with out slicing your bills all the way down to nothing. 

Stop Like a Millionaire: No Gimmicks, Luck or Belief Fund Required” by Kristy Shen and Bryce Leung

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Shen retired at 31 with one million {dollars} and on this e book, she shares how she did so utilizing funding wits. This e book, which was rated 4.5 out of 5 stars on Amazon with virtually 1,800 critiques, is what the authors name a “bull****-free information to rising your wealth, retiring early and dwelling life by yourself phrases.” 

Retirement way of life 

Keys to a Profitable Retirement: Staying Pleased, Energetic and Productive in your Retired Years” by Fritz Gilbert

Retirement isn’t nearly cash – it’s additionally about dwelling a life you take pleasure in. Gilbert is an skilled on this, and in his e book shares numerous methods to plan for and construct upon your way of life in retirement, in addition to easy methods to transition into it. This e book is greatest for people who find themselves 5 years to or from their retirement date, he says in his description. 

The right way to Retire Abroad: Every part You Have to Know to Stay Nicely (for Much less) Overseas” by Kathleen Peddicord 

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Many People dream of leaving the nation to retire on a Caribbean seaside or in a quaint European city, however there are many essential elements to think about earlier than doing so – akin to easy methods to retailer your cash correctly, the healthcare protection you’ll want and dwelling inside your finances. Peddicord and her husband have lived abroad for many years, and in her e book, she shares ideas for locating housing and medical care in addition to understanding taxes and banking earlier than packing your luggage. 

Social Safety 

Get What’s Yours: The Secrets and techniques to Maxing Out Your Social Safety” by Laurence Kotlikoff, Philip Moeller and Paul Solman 

Claiming Social Safety can really feel overwhelming once you’re going through the entire choices – do you declare as quickly as you may at age 62 or try to wait till age 70? How will your well being, life expectancy and funding portfolio have an effect on that call? The place does your partner and their advantages slot in? On this e book, the authors clarify numerous methods to get via this doubtlessly worrying state of affairs. 

Social Safety: Easy and Good” by Tom Margenau 

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The creator breaks down the myths and misconceptions of Social Safety, and affords 10 truth sheets round advantages, together with these on incapacity advantages, pension offsets, advantages for youngsters and what widows and widowers ought to know. 

Well being and Medicare

Get What’s Yours: Maximize Your Protection, Decrease Your Prices” by Philip Moeller 

Identical to together with his Social Safety e book, the creator breaks down the usually difficult world of Medicare and explains what to think about when deciding in your medical insurance plan. He additionally talks about a number of the extra detailed nuances of the system, such because the appeals course of for denied claims and what to do in case you’re eligible for Medicare however nonetheless working. 

10 Pricey Medicare Errors You Can’t Afford to Make” by Danielle Roberts 

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Selections round Medicare will be difficult – beneficiaries have to sift via quite a few plans to make sure their most well-liked medical doctors and mandatory prescriptions are lined. The incorrect choice, or unknowingly lacking a deadline, will be fairly costly within the long-run. On this e book, the creator shares pitfalls and penalties to keep away from and sources to make the perfect choice to your well being. 

Do you might have questions on retirement, Social Safety, the place to dwell or easy methods to afford it in any respect? Write to HelpMeRetire@marketwatch.com and we could use your query in a future story.

Finance

Kevin Costner Meeting “All the Billionaires” to Finance ‘Horizon’ 3&4 — World of Reel

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Kevin Costner Meeting “All the Billionaires” to Finance ‘Horizon’ 3&4 — World of Reel

As it remains in a state of limbo, Kevin Costner’s four-part Western “Horizon: An American Saga” has already been marked for dead by some in the industry.

Yes, things aren’t looking too bright for Costner’s saga, and with the third film having only been partially shot, his wallet is already looking at financial losses in the excess of $75M, maybe more. These downer numbers still haven’t stopped Costner in seeking financing to complete the third and fourth films.

In an interview with Deadline, Costner admits having had meetings with some of the richest people in the world.

“I’m hoping, I’m dreaming, I’m meeting all the billionaires that we all hear about — they’re all hiding in the shadows,” Costner is now telling Deadline.

“I’m don’t know how I’m going to do it,” he added, “but I’m going to make [Chapter 3] and then I’m going to make the fourth one. And if you want to say ’the end’ at that point, then that’s the end.”

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Costner describes the project, and its hopeful completion, to pushing the rock of Sisyphus up the mountain and, alternately, to searching for proof of extraterrestrial life.

“It’s my own private UFO,” he said. “I’ve seen it, and I will never forget it, and I chase it as long as I can. … I will figure out a way to bring you 3 and 4, because you’ve gone to 1 and you’re gonna go to 2, and we’re all gonna go west together.”

Earlier in the year, Costner had repeatedly stated that he would be shooting ‘Part 3’ this fall, but that clearly hasn’t materialized. He shot nine days’ worth of footage in April, but production had to “temporarily” shut down due to lack of funds.

There is currently no release date for ‘Chapter 2,’ which was pulled from Warner Bros’ summer schedule after the first instalment, which cost $110M, failed to lure an audience into theaters, earning just $29M domestically. ‘Chapter 2’ did end up world premiering at the Venice Film Festival in September, albeit to weak reviews which further complicated matters for potential distribution.

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This week in Bidenomics: Uh-oh, reflation

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This week in Bidenomics: Uh-oh, reflation

Is the dragon slain? Or just wounded?

Inflation has been the scourge of the economy for the last three years. It spiked from a benign 1.4% when President Biden took office in 2021 to a searing 9% some 18 months later. The Federal Reserve took aim with speedy interest rate hikes, and it seemed to work. By September, inflation was down to 2.4%, almost in the normal zone.

Then, an upward blip. The latest data shows inflation ticked back up to 2.6% in October. That could be a spot on the X-ray that turns out to be nothing. Or it could signal that inflation is making a comeback, which would scramble the outlook for interest rates, financial markets, and the policies of the incoming Trump administration.

The inflation uptick in October wasn’t a fluke based on hurricanes or other one-time anomalies. Most important goods and services categories rose, including food, energy, rent, and vehicles. This came one month after the Fed basically declared victory over inflation. In September, the Fed reversed monetary policy and started cutting interest rates, signaling that the time had come to worry more about keeping growth humming than about getting prices down.

The Fed is staying the course for now. It cut short-term rates again on Nov. 14 and may do so again at its next policy meeting in December. But the odds of more rate cuts are dropping, with policymakers waiting for more lab results in the form of forthcoming inflation data.

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“Inflation might soon be front-page news again,” Capital Economics announced in a Nov. 13 analysis. The forecasting firm argues that the currently inflationary trend is OK, but the future outlook is more worrisome — in large part because of what Donald Trump plans to do once he takes office next January.

At least two elements of Trump’s agenda are inflationary: new tariffs on imports and the mass deportation of undocumented migrants. Tariffs are taxes that raise the cost of imported goods directly. Deporting migrants would reduce the size of the labor force, especially targeting lower-wage workers. Replacing them with workers who might demand higher pay — or with costly machines — would raise costs one way or another, with producers passing as much as they could on to consumers.

A third inflation concern is Trump’s desire to cut taxes further, which can have a stimulus effect by putting more money in people’s pockets, boosting spending and demand and sometimes leading to higher prices.

Handing over more inflation? President Joe Biden meets with President-elect Donald Trump in the Oval Office of the White House, Wednesday, Nov. 13, 2024, in Washington. (AP Photo/Evan Vucci) · ASSOCIATED PRESS

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“Given all that President-elect Trump has promised to do quickly — such as hike tariffs, cut taxes further and slash immigration — one can easily foresee a re-acceleration of inflation next year,” Bernard Baumohl, chief global economist at Economic Outlook Group, wrote on Nov. 13. “The Federal Reserve is now in a real quandary.”

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Vallourec SA (VLOUF) Q3 2024 Earnings Call Highlights: Strategic Moves and Financial Resilience …

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Vallourec SA (VLOUF) Q3 2024 Earnings Call Highlights: Strategic Moves and Financial Resilience …
  • EBITDA Margin: Maintained a healthy margin similar to previous quarters.

  • Full Year EBITDA Outlook: Reiterated at EUR800 million to EUR850 million.

  • Cash Generation: EUR130 million in Q3, reducing net debt for the eighth consecutive quarter.

  • Net Debt Reduction: Over EUR1.2 billion reduction since 2022.

  • Q3 Group EBITDA Margin: Close to 19%.

  • Tubes Volumes: Reduced to 292 kilotons in Q3.

  • Mine & Forest Segment EBITDA: Expected slightly below EUR100 million for the full year.

  • Net Debt Reduction in Q3: EUR124 million.

  • Full Year Mine Production Expectation: Approximately 5 million tonnes, down from 6 million tonnes.

  • Q3 Cash Flow: Total cash generation of EUR130 million.

Release Date: November 15, 2024

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

  • Vallourec SA (VLOUF) maintained a healthy EBITDA margin in Q3 2024, driven by strong international OCTG market performance.

  • The company generated significant cash flow, reducing net debt for the eighth consecutive quarter, totaling a reduction of over EUR1.2 billion since 2022.

  • Vallourec SA (VLOUF) announced its first strategic acquisition in nearly a decade with Thermotite do Brasil, enhancing its position in the offshore line pipe market.

  • The company is progressing well with its optimization program in Brazil, which is expected to significantly contribute to closing the profitability gap.

  • Vallourec SA (VLOUF) plans to announce a dividend proposal for its 2025 AGM, marking the first dividend in 10 years, reflecting strong financial health.

  • The US OCTG market experienced softness, impacting Vallourec SA (VLOUF)’s overall performance.

  • The global iron ore market softened in Q3, leading to lower prices and sales volumes in the Mine & Forest segment.

  • Vallourec SA (VLOUF) lowered its full-year mine production expectations to approximately 5 million tonnes, down from 6 million tonnes.

  • Q3 2024 saw a reduction in tonnage sold and a slight decrease in average realized prices, leading to a year-over-year decline in revenues and EBITDA.

  • The company faces potential challenges from the new tax environment in France, which could impact shareholder remuneration strategies like share buybacks.

Q: Is a share buyback still an option for shareholder remuneration given the new tax environment in France? A: Philippe Guillemot, CEO: While we never exclude any ways to return excess cash to shareholders, the potential tax implications in France make share buybacks less attractive. We plan to return cash to shareholders with a payout ratio of 80% to 100%, starting from Q3. The dividend proposal will be announced in February, based on Q3 cash generation.

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