Retirement Terms: Financial Education Is Your Best Investment

The Simple Guide to Saving Income, Planning, Fund, & Investing for Retirement
Narrated by: William Bahl
Series: Financial IQ Series, Book 8
Length: 6 hrs and 11 mins
5 out of 5 stars (71 ratings)

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Publisher's Summary

Are you approaching that golden age of retirement? If so, you’re likely starting to get a lot of things in the mail or in the office that is related to your retirement that includes jargon you may or may not be familiar with.

Don’t let intimidating jargon keep you from planning and saving for retirement. Get familiar with some of the most common words you’ll encounter while financing your golden years.

This practical glossary audiobook compiles a list of over 80 most common retirement terms you’re likely to encounter. Every retirement term is explained in detail, with clear and concise article-style description and practical examples.

Most commonly asked retirement questions:

  • When should I begin taking Social Security?
  • How long will my money last?
  • How much money do I need to retire?
  • Should I buy an annuity?
  • How much will I spend?
  • How will I pay for medical expenses in retirement?
  • Should I take my pension as a lump sum?
     

People also often ask:

  • Can I afford to retire?
  • Can I retire abroad/overseas?
  • What are legal ways for tax-free retirement?
  • How much money will I spend in retirement?
  • How do I prepare financially for retirement?
  • What should I do before I retire?

This extensive dictionary covers all aspects and areas of retirement terminology. Starting with retirement planning to when you get ready to leave the workforce, thinking about things like when to take the leap and how you budget on a fixed income, everything is dealt with. 

Having a resource that helps remind you what the lingo you’ll see in the mailers and notices from your employer, the government and many other sources can be incredibly helpful.

PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.

©2019 Thomas Herold (P)2019 Thomas Herold

What members say

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Used for planning ahead

This is an excellent course! Thomas Herold share his wealth of information in a logical fashion that is easy to comprehend and implement at any stage of your retirement planning. The tools and materials with 80 most common retirement terms that you will gain access to are quite valuable and easy to use!
For anyone with children soon entering the workforce, introducing them to this course may be one of the greatest gifts they ever receive!
I highly recommend this course!

24 people found this helpful

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Informative for future retirees

This course is very enlightening. It makes me feel optimistic about my future. Starting with retirement planning to when you get ready to leave the workforce, thinking about things like when to take the leap and how you budget on a fixed income, everything is dealt with. Many Thanks Mr. Herold

23 people found this helpful

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Great course.

Planning tools with how much I need, how to get there and ways to accomplish this are very helpful. Am < 5 years away from retiring, appear to be on track and have picked up few ideas to build extra padding ,..... just in case. Thanks again.

21 people found this helpful

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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 catalogues 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 wisdoms fill the chapters.

21 people found this helpful

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Makes it easy to plan for tomorrow

I was excited to learn Thomas Herold was writing a book on retirement because I could expect he would apply the same practical approach to career planning. This book is for anyone thinking about retirement— even years from that date. The book guides you on decisions you can make about what you want to do after retirement. I felt increasingly confident that I can make that next move!

20 people found this helpful

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Retirement Guide

This course makes up the "retirement guide" I will look back at over and over again. I learned many things I had never heard of in my years as an investor and look forward to updated lectures from these guys.

19 people found this helpful

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Herold offers great motivation

Everyone dreams of retirement -- especially on Monday mornings. But I have seen from the experiences of my own family that when it finally arrives the reality does not always match up with the dream. That's why I love this audiobook and recommend it to friends and family who are getting ready to retire or are starting a new stage in life as an empty-nesters. Herold offers great motivation as he explains you have more free time than ever: make it count. It's full of suggestions and stories on how people have turned their own retirement into a purposeful retirement.

17 people found this helpful

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The optimistic view of retirement

As someone contemplating retiring this year, I really enjoyed listening this audiobook. The optimistic view of retirement and practical advice is a must read for anyone thinking about taking the leap or already in retirement but a little lost. This book made me realize that I need to relax and give myself permission to disengage from the stress of corporate life, take time to experiment and try all the things I've always wanted to do and plan for an active , fun and productive retirement! I am now very excited about my "part 2" .

16 people found this helpful

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A purposeful retirement

When you think about it, it's absurd to think that anyone who had a purposeful career wouldn't thrive in a purposeful retirement...but just as in your career, retirement takes reflection, planning and implementation...

15 people found this helpful

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Think of retiring?

Well thought out, clearly written, uncomplicated advice on how to manage your money in retirement. He constantly steers you away from complex financial schemes and warns you repeatedly that many people in the financial industry make money selling you stuff and may not have your very best interests in mind. The types of approaches he suggests are mostly simple enough that you can manage it yourself. It is fair to say his approach is somewhat conservative but the narrator firmly believes, and repeats it over and over, that clever investing schemes rarely outperform simple index funds in the long run.
Lots of good information on index funds, bonds, annuities, social security and even reverse mortgages. Compiles a list of over 80 most common retirement terms. A really good resource for someone who is not very experienced in investing and arguably a reminder about common sense for people who (think they) are. Also some nice suggestions on planning for your life in retirement.
It's the first book I read on retirement finances so plan to listen at least one or two more. Has given me a lot of confidence that it's all going to work out fine.

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  • Yasmin Fletcher
  • 10-02-19

The perfect gift for a retiring colleague.

I’m in my first month of retirement and felt I needed some help in getting this phase of my life going in the right direction. I’ve always been a planner and a doer so this book was just the inspiration I was looking for.
It’s an easy understanding with short chapters and over 80 most common retirement terms. Every retirement term is explained in detail, with clear and concise article-style description and practical examples.
There was actually nothing new here that I haven’t thought of before but it put some structure around my thoughts.
This audiobook was great for me and I would love to have some of my retired friends listen it but I’m afraid most of them who would benefit from it are also those who would find fault in the very thought of a self help book.

25 people found this helpful

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  • Mia Baker
  • 10-02-19

The lectures are clear, and easy to follow.

Fantastic Course! Highly recommended to anyone interested in learning more about this topic. The lectures are clear, and easy to follow. I hope they will offer more classes in the future.

25 people found this helpful

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  • Imogen Craig
  • 10-02-19

Listen this before you retire

I've listened and enjoyed Thomas Herold's other career-related books, and this one didn't disappoint. This audio book is a helpful tool for looking at retirement as a "new chapter" and not the "last chapter" in your life. There are many real-life examples from people who are living active, productive lives in retirement, and Mr. Herold offers suggestions that help the listeners think about what's important to them and how that can be achieved. Listen this audio book before you retire so you can start planning now!

24 people found this helpful

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  • Jasmine Doyle
  • 10-02-19

The Best of the Genre

Herold uses his vast experience as a career counselor to help us think and plan for our future. Let's face it, it is hard to project ourselves into our retirement. So much of the emphasis. other books is on the financial aspects of retirement but of equal importance is creating a meaningful and enjoyable future. We need tools to do that and Robin allows us to vicariously experience other retirees' stories. Well written, insightful, and passionate enough to motivate planning for a successful retirement.

24 people found this helpful

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  • Hollie Baker
  • 10-02-19

The strategies discussed

This course is so much more than what is even advertised. I've already called my broker and saved money instantly using one of the strategies discussed. Going down the list to figure out where else I can improve my retirement plan. The ideas, planning steps and majority of the lectures are top notch. Will continue to look back at this one.

24 people found this helpful

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  • Jayden Griffiths
  • 10-02-19

Have already recommended

I can really tell that these instructors love what they do. In this course, they have taken a boring and complicated subject, and have make it more exciting and fun to listen to. The step by step plan they narrated has some components I've never considered before, but i hope to put them into action in my own life. Have already recommended this course to friends.

19 people found this helpful

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  • Megan Wilkinson
  • 10-02-19

So many good ideas

Wow. I just went through this entire course in one day. I just couldn't stop. I wanted to hear more. Very good. I came away with so many good ideas, Now I hope I can put them into action. The instructors were very knowledgeable and did a great job of laying it all out there. Thanks.

19 people found this helpful

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  • Ewan Johnson
  • 10-02-19

Helped a great deal

It is a quick and easy listen, not sure I LEARNED anything I didn't already know...but it helped a great deal in putting things in perspective. It posed reflective questions, which when thoughtful answers were given helped shape a direction, a path for which to follow.

16 people found this helpful

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  • Sienna Shah
  • 10-02-19

Offers suggestions

Herold does a great job in highlighting a growing world-wide problem, and offers suggestions of what people facing retirement might consider doing about it. I hope he will go into more how-to, not just what-to-do, in future courses.

16 people found this helpful

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  • Elaine
  • 10-05-19

Great Find

Great book to keep you remind you of the importance of retirement future! It did provide some specifics regarding retirement terms but it is primarily a motivational book that contains some general information about retirement.
Like all retirement books he give you many numbers: if you put --- amount each month at 10% return it will be ------- in a number of years and he beats this into your head.
Chris talks many times about retirement not being an age, but a number you must meet to be financially comfortable.
The book goes through what you should do in your 30's, 40's, 50's, and 60's. All very good advice, even though it may not be what you want to hear.
Overall, a very good book that everyone should read, and then actually do
I listened to the audio book, very easy to listen to and it is read by William Bahl, he has a great voice for it.

5 people found this helpful