‘Pearls of Financial Wisdom’
I purchased this book to learn how to invest for income after retirement. This manual is easy to understand and has obviously been written by a thoughtful financial planner. It starts in the first chapter by asking, “When should I begin taking Social Security?” It goes on to discuss the pros and cons of taking Social Security and how to identify income securities.
He then catalogs the classes of income securities with a particular emphasis on what not to invest in among other topics Most useful to me was the discussion of how to determine the safety of a company’s dividend by analyzing its Statement of Cash Flows. Pearls of financial wisdom fill the chapters.
‘Secure Income in Retirement’
This is an excellent book on how to build a reliable stream of secure income in retirement. Many authors provide good high-level guidance but fail to explain the specifics of how to select dividend-paying companies and build a balanced portfolio. Herold explains his approach fully with detailed examples that clearly show how to perform thorough evaluations of prospective companies.
If you are looking for a practical guide to building an income-generating portfolio, this is the perfect audio book for you.