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Top 10 Must Read Books on Retirement Coaching
People who are in their retirement years flourish if they have close relationships with friends and family, have a sense of purpose and meaning in their lives, and actively manage their health, attitude, and spiritual life. A retirement coach assists you in making a plan for the significant changes you will go through by helping you make an inventory of all your talents, hobbies, and interests.
They assist you in developing the ability to keep yourself accountable in order to maintain your chosen route.
We will talk about the top 10 retirement coaching books in this article.
- Top 10 Must Read Books on Retirement Coaching
- How Retirement Coaching Books Help a Coach
- 10 Books for Every Retirement Coach
- 1. The 5 Years Before You Retire
- 2. The New Rules of Retirement: Strategies for a Secure Future
- 3. How to Make Your Money Last
- 4. How to Retire Happy
- 5. The Truth about Retirement Plans and IRA’s
- 6. The New Retirement Savings Time Bomb
- 7. Retirement Planning Tips for Baby Boomers 2022 Edition
- 8. Final Planning Book
- 9. Retirement Planning Coach
- 10. The Challenges Of Retirement
- Frequently asked questions
How Retirement Coaching Books Help a Coach
A coach benefits from reading books in various ways. To boost the health of retirees, a coach should possess a wide range of information. Reading benefits include the following:
- Reading keeps your brain engaged, which enhances memory and problem-solving abilities.
- Additionally, it fosters creativity. This is crucial because finding new methods to occupy one’s mind with worthwhile and pleasurable hobbies after retirement sometimes calls for a person to be more creative.
10 Books for Every Retirement Coach
Coaching is a continuous learning process as you have to guide a lot of people. To handle older people after retirement and to give them new ways to be happy and console them, retirement coaching requires a great deal of practice and knowledge.
This can only be done if you read books on retirement coaching. This will enhance your expertise. We will discuss the top 10 books on retirement coaching. They will surely help you to learn if you are new in the market or an expert.
1. The 5 Years Before You Retire
The 5 Years Before You Retire was written by Emily Guy Birken and first published on December 2, 2013. Even those who left retirement planning until the very last minute have benefited from The 5 Years Before You Retire. You’ll learn everything you should do over the next five years to make the most of your existing savings and develop a practical strategy for your future in this new and updated version.
This book is a comprehensive guide to every financial, medical, and family choice and includes recent developments in financial planning, taxes, Social Security, healthcare, insurance, and more. You are entirely covered in every area of retirement planning, from taking advantage of the employer match your firm gives for your 401(k) to signing up for Medicare to talking to your family about housing alternatives. These simple techniques show how to maximize the remaining years in your career and become ready for the future you’ve always desired.
The 5 Years Before You Retire, Updated Edition will explain all you need to know to make sure you live comfortably in the years to come, whether you have just begun making a plan or have been saving since your first job.
The original edition of The 5 Years Before You Retire is available on Amazon for $10.
2. The New Rules of Retirement: Strategies for a Secure Future
The New Rules of Retirement: Strategies for a Secure Future was written by Robert C. Carlson and first published in 2004. The New Rules of Retirement rejects conventional wisdom, cliches, and outmoded notions. It offers a tried-and-true method for retiring successfully in the modern world. Retirement specialist Robert C. Carlson employs tried-and-true, money-making strategies in this new second edition, which is based on impartial, unbiased research, to coordinate all the elements that result in financial stability and independence.
You’ll discover how much money you actually need to save aside for retirement, how to invest that money before and after you retire, and how to develop a responsible and long-term spending plan. Longer lifespans, poor investment returns, more taxes, and other risks to lifetime financial stability will all be covered by Carlson.
Through wise preparation and practical financial techniques, this guide helps you make sure you have the financial independence to pursue the retirement you desire.
- Recognize and address the dangers to the financial security of retirees
- Learn how to accurately predict your retirement expenses.
- Establish a sustainable spending plan.
- Spend your savings wisely by investing them.
- Prepare for anticipated future medical expenses
- A legacy for cherished ones
Retirement is currently a new stage in life rather than a slowing down. This is the moment to live fully and accomplish things you previously couldn’t.
The original edition of The New Rules of Retirement is available on Amazon for $30.
3. How to Make Your Money Last
How to Make Your Money Last was written by Jane Bryant Quinn and first published on January 5, 2016. Bryant Jane Quinn explains how to increase your income from all of your assets, including your pension, home equity, savings, and retirement accounts, as well as how much of your savings you can afford to spend annually without running out.
There are simple methods to understand all of this. Quinn teaches you how to assess your actual dangers. Your money might not survive if you stay with really safe investing options, and your lifestyle might deteriorate. If you rely on conventional income assets, the same can be true. In order to generate additional funds for your later years, Quinn reexamines the definition of “income investing” by combining steady cash flow throughout your early retirement with low-risk growth investments.
The original edition of How to Make Your Money Last is available on Amazon for $8.
4. How to Retire Happy
How to Retire Happy was written by Stan Hinden and first published in May 2001. The best-selling How to Retire Happy, Fourth Edition by award-winning Washington Post retirement columnist Stan Hinden guides you in making the choices necessary to guarantee a happy, healthy retirement. It provides all the necessary professional guidance in a straightforward, step-by-step format.
How to Retire Happy has all of the information that has made earlier versions the go-to books for retirees and those who are almost retired, plus:
- Fresh information about prescription medication plans and health insurance
- The specifics of Medicare Parts A (hospital), B (tests, physicians, and preventative care), and D (medical treatment) (prescription drugs)
- Personal encounters with the reality of long-term Alzheimer’s care by the author
- Completely current information about Social Security plans
- How to navigate the post-meltdown economy’s financial reality
- You can use new sources to get further guidance.
The original edition of How to Retire Happy is available on Amazon for $16.
5. The Truth about Retirement Plans and IRA’s
The Truth about Retirement Plans and IRA’s was written by Ric Edelman and first published on April 8, 2014. A guide to maximizing your retirement plans and ensuring long-term financial stability, named three times by Barron’s as the top independent financial advisor in the United States.
Everyone is aware of the importance of retirement savings. Yet just 50% of all Americans who are eligible make contributions to retirement plans. This is because all plans, including 401(k), 403(b), 457, and even IRAs, are difficult to understand, expensive, and complex. Ric Edelman, a renowned financial counselor, and New York Times best-selling author has advised thousands of retirees and savers and has compiled his tips in this audiobook.
A detailed manual has been produced by Edelman. He explains everything you need to know as a plan participant with clear prose and straightforward explanations, including how to contribute even when you don’t think you can, how to choose wisely among your investment options, and how to turn your 401(k) into income so you can support your desired standard of living in retirement. He dispels the falsehoods and clarifies the misunderstandings along the way.
The original edition of The Truth about Retirement Plans and IRA’s is available on Amazon for $14.
6. The New Retirement Savings Time Bomb
The New Retirement Savings Time Bomb was written by Ed Slott and first published in 2021. Your retirement fund is likely your most valued asset if you’re like the majority of Americans. We carefully save money for years, but the majority of us are unaware of the expensive errors that result in the loss of a sizable portion of our savings to unnecessary and excessive taxation.
A financial crisis has made it more important than ever to safeguard your valuables. Ed Slott, a well-known tax adviser, explains in simple words how to take charge of your retirement savings strategy in his book The New Retirement Savings Time Bomb.
To ensure that you never lose your hard-earned money, use this simple approach to help you position your assets to evade both current and potential future legislative traps. Additionally, it has all the most recent details on the Secure Act, and all you want to understand is how the Coronavirus relief laws will impact your savings in the long run. Every American with savings and assets who plans to retire, whether in five years or fifty, must read this book.
The original edition of The New Retirement Savings Time Bomb is available on Amazon for $15.
7. Retirement Planning Tips for Baby Boomers 2022 Edition
Retirement Planning Tips for Baby Boomers 2022 Edition was written by James MC Glynn and first published on November 20, 2021. Baby boomers should consider Social Security, Medicare, long-term care, annuities, Roth IRAs, and Health Savings Accounts while preparing for retirement, according to a checklist organized by age. Including information on when to file for each, why, and what errors to avoid.
The book’s main insights are:
- Keep meticulous track of your spending and decide which costs will stop when you retire.
- Keep in mind the deadlines for filing for Medicare and Social Security benefits.
- Be aware of your investment withdrawal strategy, keeping tax implications in mind.
The original edition of Retirement Planning Tips for Baby Boomers 2022 Edition is available on Amazon for $8.
8. Final Planning Book
Final Planning Book was written by Jamia Jackson and first published on August 5, 2021. A tool for end-of-life organizational planning is The Final Chapter. The reader is advised to securely preserve important information that his or her surviving loved ones may need. For individuals who are mourning, having everything documented in one location reduces turmoil, pain, and emotional stress.
The need for an organized depository for passwords, accounts, insurance information, and other vital data is greater than ever in our digital age since so much of it is kept online and is inaccessible after death.
The original edition of the Final Planning Book is available on Amazon for $19.
9. Retirement Planning Coach
Retirement Planning Coach was written by Larry Bunn and first published on June 30, 2021. Starting today, you may avoid taking the regrettable path to retirement and spare yourself from having to share the regrets that, sadly, today’s pensioners do.
Start as soon as you can, even if you think you’re too old to gain a head start. The best course of action is to take action rather than beating yourself up for not being more prepared. Don’t worry; you can handle this.
Here is a summary of what you will discover in this book:
- Laying the groundwork for financial security
- The simple 6-step method for creating an efficient retirement budget
- Top 2 strategies for saving successfully for retirement
- Important information you must understand to prevent financial loss in retirement
- Solid retirement medical planning
- Solid retirement medical planning
- How to create a lifetime source of income that is recession-proof
- The Four Pillars of Smart Investing, among other things.
You will also receive a free, printable budgeting worksheet to aid with your retirement planning as a bonus. Once you’ve completed appropriate retirement planning, you’ll feel more at ease, which will allow you to enjoy your retirement more and profit from compound interest if you start early. Retirement is a simple process.
The original edition of Retirement Planning Coach is available on Amazon for $17.
10. The Challenges Of Retirement
The Challenges Of Retirement was written by Retirement Coaches Association Members and first published on November 24, 2018. To assist you in finding a fascinating and fulfilling next chapter, The Retirement Coaches Association has together an exceptional collection of retirement specialists for the first time.
It is the first and only book of its sort and offers everything that popular retirement articles and debates lack. Yes, there are other books on the subject, but none of them provide the comprehensive wisdom and guidance found in this one.
It delves deeply and offers compelling material that:
- Journeys personally with readers to assist them in thriving during their transition
- Provides a fresh feeling of meaning for individuals considering retiring who aren’t sure they want to.
- Gives you comfort by letting you realize that you’re never alone.
- Gives you direction while validating your feelings and thoughts regarding retiring.
- Enables you to see the value of preparing beyond only the financial aspects of retirement
The original edition of The Challenges Of Retirement is available on Amazon for $19.
A coach for retirees Set clear objectives, values, and goals for your job and personal life. Consider your professional history, comprehend your work-centered identity and how it could alter, Make a “wish list” for your retirement and consider the type of lifestyle you’d like to lead and why it is significant to you.
Investigate the variety of mental difficulties that may be preventing you, and Address any non-financial concerns and fears that may be keeping you from retiring. Reading books is one way to achieve this.
You may begin thinking about what you want to accomplish with the remainder of your life by reading the books mentioned above.
Frequently asked questions
Q1. What is retirement coaching?
Retirement coaching can help you decide how and with whom you want to spend it. It can also assist you in developing a strategy for the psychological, social, physical, and spiritual adjustments that come with retirement. You may make the most of this time in your life with the aid of a retirement coach.
Q2. How to set up a retirement coaching business?
The Certified Professional Retirement Coach curriculum consists of eight modules and combines possibilities for independent study with succinct, thought-provoking films and opportunities for peer interaction.
The program consists of:
Eight video-supported online modules
Comprehensive course book
Trainer’s Toolkit (Intake form, Sample Client Contracts, marketing templates, checklists)
Private Facebook Group for Coaches to Connect
Sessions of role-playing to practice coaching
Q3. Does reading books really help in coaching?
Reading books focuses on developing or refining fundamental abilities that will aid in coaching. These include time management, communication, listening, and problem solving abilities.