The Best Books for Senior Investors

It can be hard to know how to update your investment strategy as you get older. Here are 5 books for seniors investing in their retirement.

We never stop learning throughout our lives, and our financial knowledge is no exception. Passing the time with a good book can sometimes come with the added benefit of gaining practical knowledge. As you prepare for retirement, your investment strategy becomes an important part of your plan. And as you get older, your investment strategy needs to change and adapt to your new circumstances. It can sometimes be hard to know where to start with updating your strategy. Thankfully, these five books are perfect for seniors investing for their retirement.

The Behavior Gap: Simple Ways to Stop Doing Dumb Things With Money

Written by Certified Financial Planner Carl Richards, The Behavior Gap is an investor book that provides simple explanations of some of finance’s most difficult concepts. While this book will be valuable to anyone looking for a better handle on their personal finances, it is an especially good resource for senior investors. Richards breaks financial concepts down to the level of human decision making, and helps you understand exactly which behaviors impact your finances, both positively and negatively. Whether you’re currently investing for your retirement or you’re looking to manage your investments while in retirement, this book for investors will point you in the right direction.

AgeProof: Living Longer Without Running Out of Money or Breaking a Hip

It’s a fact that your physical and financial health are connected. They impact one another, and an issue in one area can create problems in the other. This is the main concept behind AgeProof: Living Longer Without Running Out of Money or Breaking a Hip. This book for investors was written jointly by financial expert Jean Chatzky and Dr. Michael Roizen, the Chief Wellness Officer at the Wellness Institute of the Cleveland Clinic. Together, they combine financial and wellness expertise to help you prepare for life in retirement. This is another great book for anyone looking to better prepare for retirement, but is especially useful for senior investors.

The Five Years Before You Retire

This essential read by Emily Guy Birken was featured on our list of top retirement planning books. The Five Years Before You Retire offers a comprehensive guide to your financial years leading into retirement. While the book doesn’t focus exclusively on investing, you’ll be sure to find pieces of expert advice to inform your strategy. This is why The Five Years Before You Retire remains one of the best books for investors thinking about retirement.

Start Late, Finish Rich

David Bach has been an active voice in delivering expert financial advice for decades now. His classic book, Start Late, Finish Rich provides guidance for investors of all ages. While anyone would benefit from this book for investors, Bach puts particular emphasis on those who’ve gotten a later start with their investing strategy. He understands that everyone has a unique situation, and that we aren’t all approaching retirement with the same amount of wealth. So, if you’re looking to jumpstart your investment plan for retirement, this may be the investor book for you.

Can I Retire?

Certified Financial Planner Mike Piper aims to answer your most important retirement investing questions. Can I Retire? aims to answer two burning questions: how much do you need to retire, and how do you properly manage money through retirement? As you may already know, the answers to these questions will depend on each individual’s specific situation. Piper knows this and gives you the tools to better understand your own personal financial situation. This book was written with your time in mind, as all of these important concepts are explained in only 100 pages. It provides a great starting point for seniors searching for the best books for investors.

Investing is likely a large component of your retirement plan and strategy, and it’s understandable to want to learn more about the topic. Any of the books for investors on this list will have some advice to point you in the right direction for your situation. If you’re concerned about your retirement or investing strategy, reach out to a financial advisor for direct advice on your situation.