The Motley Fool's Money After 40

Zusatztext "Their latest [book] offers comprehensive advice on the issues faced by the over-40 set! shared in their typically irreverent! blunt! and highly informative way." -- Publishers Weekly Informationen zum Autor David Gardner grew up on a Wisconsin dairy farm, served in Army Special Forces and earned a Ph.D. in French from the University of Wisconsin. He has taught college and worked as a reporter and in high tech. He coauthored three programming books for Prentice Hall and wrote dozens of travel articles and many mind-numbing software manuals before happily turning to fiction. His novel The Journalist: A Paranormal Thriller appeared in February 2021 (Encircle Publications). He lives in Massachusetts with his wife, Nancy, also a writer. He hikes, bikes, messes with astrophotography, and plays the keyboard with no discernible talent whatsoever. Klappentext With their famous wit, seasoned advice, and impeccable business savvy, the bestselling financial duo shows baby boomers how to build wealth and security--and how to afford anything they want when the work is done. Leseprobe Chapter One: Why Retire? What is precious is never to forget The delight of the blood drawn from ancient springs Breaking through rocks in worlds before our earth; Never to deny its pleasure in the simple morning light, Nor its grave evening demand for love; Never to allow gradually the traffic to smother With noise and fog the flowering of the spirit. -- Stephen Spender You don't actually want to retire, do you? Why? Just giving up? Or planning to walk away and play with your own toys? Is it that you're trying to get somewhere or trying to escape where you've been? You don't actually want to retire, do you? Listen to what happened to our grandfathers. A Tale of Two Grandfathers Our grandfathers were both accomplished and risk-loving entrepreneurs, one in Pennsylvania, the other in Washington, D.C. Early last century, our Pennsylvania grandfather flew all around the North (occasionally the Great White North) selling saws. He sold his company, the modern-day DeWalt, to AMF in 1949. AMF eventually sold its DeWalt division to Black & Decker, where it remains a treasured brand. He retired at fifty-two. He loved investing and continued to do so successfully but never took another job in his life (he did treat the card game of bridge like a job, becoming a master before he died). Our Washington, D.C., grandfather played football at Georgetown University, started his own insurance company after college, eventually bought a minority ownership in the Washington Senators baseball team (later the Minnesota Twins), and continued to go to the office every day until at the age of ninety, when his legs wouldn't take him anymore. He never intended to retire. Did he need to go down to that office every day until the age of ninety? No. And yes. He probably did need to, because he loved to. He was a pas- sionate man with a true Irish temper, and wanting was needing for him. Both of these men made great impressions on us. But one of them made his impression over the first six years of our lives: Our early-retired Pennsylvania grandfather died relatively young, at the age of seventy-two. We cherish memories of his rascal's grin and propensity for secretly slipping us gumdrops minutes before supper was served. Sad to say, though, that's where the recollections end; we see him from afar, ever with the eyes of little boys. By contrast, our Washington, D.C., grandfather charmed, influenced, and occasionally scared the dickens out of us for the first thirty-five years of our lives, leaving indelible marks until his eventual death in 2001 at the age of ninety-eight. One of those indelible marks was his li...

Autorentext

David Gardner grew up on a Wisconsin dairy farm, served in Army Special Forces and earned a Ph.D. in French from the University of Wisconsin. He has taught college and worked as a reporter and in high tech. He coauthored three programming books for Prentice Hall and wrote dozens of travel articles and many mind-numbing software manuals before happily turning to fiction. His novel The Journalist: A Paranormal Thriller appeared in February 2021 (Encircle Publications). He lives in Massachusetts with his wife, Nancy, also a writer. He hikes, bikes, messes with astrophotography, and plays the keyboard with no discernible talent whatsoever.

Klappentext

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

Leseprobe
Chapter One: Why Retire?

*What is precious is never to forget

The delight of the blood drawn from ancient springs

Breaking through rocks in worlds before our earth;

Never to deny its pleasure in the simple morning light,

Nor its grave evening demand for love;

Never to allow gradually the traffic to smother

With noise and fog the flowering of the spirit.*

-- Stephen Spender

You don't actually want to retire, do you?

Why?

Just giving up? Or planning to walk away and play with your own toys?

Is it that you're trying to get somewhere or trying to escape where you've been?

You don't actually want to retire, do you?

Listen to what happened to our grandfathers.

A Tale of Two Grandfathers

Our grandfathers were both accomplished and risk-loving entrepreneurs, one in Pennsylvania, the other in Washington, D.C.

Early last century, our Pennsylvania grandfather flew all around the North (occasionally the Great White North) selling saws. He sold his company, the modern-day DeWalt, to AMF in 1949. AMF eventually sold its DeWalt division to Black & Decker, where it remains a treasured brand. He retired at fifty-two. He loved investing and continued to do so successfully but never took another job in his life (he did treat the card game of bridge like a job, becoming a master before he died).

Our Washington, D.C., grandfather played football at Georgetown University, started his own insurance company after college, eventually bought a minority ownership in the Washington Senators baseball team (later the Minnesota Twins), and continued to go to the office every day until at the age of ninety, when his legs wouldn't take him anymore. He never intended to retire.

Did he need to go down to that office every day until the age of ninety? No.

And yes.

He probably did need to, because he loved to. He was a pas-

sionate man with a true Irish temper, and wanting was needing for him.

Both of these men made great impressions on us. But one of them made his impression over the first six years of our lives: Our early-retired Pennsylvania grandfather died relatively young, at the age of seventy-two. We cherish memories of his rascal's grin and propensity for secretly slipping us gumdrops minutes before supper was served. Sad to say, though, that's where the recollections end; we see him from afar, ever with the eyes of little boys.

By contrast, our Washington, D.C., grandfather charmed, influenced, and occasionally scared the dickens out of us for the first thirty-five years of our lives, leaving indelible marks until his eventual death in 2001 at the age of ninety-eight. One of those indelible marks was his lifelong lesson -- born out of and borne out by his longevity -- to stay active and engaged in the deeds of this world.

He who did not retire, never thinking to do so, died at ninety-eight.

God bless them both.

What Are You Living For?

We're certainly not here to suggest one family's recent history proves that working long equals living long. Leaving the working world does not automatically reduce one's life expectancy! That said, we tell the story because we do believe you increase your chances for extended happiness with *the approach you take to the…