Book Recommendations for late career physicians

[CFEonline]

Looking for recommendations aimed at older / late career physicians who are now having an interest in becoming more financially savvy. I perused the list here, https://www.whitecoatinvestor.com/books-4/. Any idea on a good book that doesn't focus too heavily on events that have come and gone (student loans, first house, early lifestyle choices, etc) but would be helpful to those nearing retirement?

[VagabondMD]

William Bernstein books are excellent for all ages and stages. He has one specific book that discusses investing along the life cycle that may be appropriate, but probably not as a first read:

https://www.amazon.com/gp/product/B008CM2T2A/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i8

I read it a few years ago, and it is pretty heavy, IIRC.

The WCI book is excellent, too. It is organized in such a way that a reader can easily skip the chapters and sections that are not applicable (student loans, life insurance, or whatever).

https://www.amazon.com/White-Coat-Investor-Personal-Investing-ebook/dp/B00ICXCUJ6/ref=sr_1_2?crid=3L1BQ0ROW21EV&dchild=1&keywords=white+coat+investor&qid=1588265489&s=digital-text&sprefix=White+coa%2Cdigital-text%2C169&sr=1-2

[Lithium]

I thought Retire Secure by Lange was very good for discussing withdrawal strategies and estate planning.

[Peds]

bogleheads guide to retirement planning
and all the books on their list.

imo a late stage physician just starting to learn about finances needs to still start at the beginning.

[CFEonline]

bogleheads guide to retirement planning
and all the books on their list.

imo a late stage physician just starting to learn about finances needs to still start at the beginning.

I would agree, but I think focusing too heavily on how important it is to do X, Y, Z, when one has missed that opportunity / done it poorly in the past is defeating and discouraging.

[jz-]

I've finished reading the texts included in WCIConf2020 swag bag.
Rick Ferri, " The Power of Passive Investing". Outdated. published 2011. Beats the index>active horse to a fault. I found a few gems WRT. trusts.
Phil Demuth. "The Overtaxed Investor" Loved loved loved this book. published 2020 and includes TCJA and Secure Act provisions. from Warren Buffet--> Demuth, I've incorporated the concept of "internal compounding" to favor growth stocks and avoid tax-inefficient dividends for multi-generational wealth in taxable accounts.
Harry Sit. "My Financial Toolbox" published 2020. succinct writing style. the gems/words is high.

[jz-]

FWIW, old era writings are enlightening to see what prophetry proved true and what has failed.

[Hatton]

I've finished reading the texts included in WCIConf2020 swag bag.
Rick Ferri, " The Power of Passive Investing". Outdated. published 2011. Beats the index>active horse to a fault. I found a few gems WRT. trusts.
Phil Demuth. "The Overtaxed Investor" Loved loved loved this book. published 2020 and includes TCJA and Secure Act provisions. from Warren Buffet--> Demuth, I've incorporated the concept of "internal compounding" to favor growth stocks and avoid tax-inefficient dividends for multi-generational wealth in taxable accounts.
Harry Sit. "My Financial Toolbox" published 2020. succinct writing style. the gems/words is high.

I have read the overtaxed investor and the power of passive investing. They are both very good. I guess I need to read My financial Toolbox.

[Shant]

ESImoney reviewed one recently that sounded good here: https://esimoney.com/the-top-five-mo...tirees-part-1/

[kennyt777]

books by bogle, malkiel and swedroe

[kennyt777]

IF YOU CAN the pdf by Bernstein ALL YOU NEED TO KNOW