I have recently been reading various books that have been recommended on this forum, including ones by Bogle and Bernstein. One I dont recall seeing mentioned is Youve Lost It, Now What, by Jonathon Clements. It doesnt have all the financial history and technical discussion that others do, but it is very readable and comes to the same recommendations. One difference from Bernstein is that Clements is more favorable about using some junk bonds in a portfolio and also thinks that immediate annuities sometimes are justified. His recommendation on withdrawals is a little different in that he suggests starting with a fixed percentage strategy, say 5% and then adjusting later if necessary. Overall, I thought it was very good and could be the only book that a relative novice like myself would need, although I know many of the more savvy technical types would want more.
Alan
Alan
