Engineering Your Retirement: Retirement Planning for Technology Professionals

by Mike Golio

A practical retirement planning resource for engineers, scientists, and mathematicians
In 1995, Dr. Mike Golio, an electrical engineer, became seriously interested in planning for early retirement. In 2003, at the age of 49, he and his wife achieved their goal of financial independence and retired. Engineering Your Retirement is an outgrowth of his research. Whether retirement is imminent or many years off, this valuable guide's straightforward, analytical approach to financial independence answers the critical questions to achieving successful, comfortable, and meaningful retirement.
Written specifically for professionals in the engineering, science, and math fields, Engineering Your Retirement examines such important questions as:
* How much money will I need to retire?
* How long will it take for me to accumulate it?
* What types of post-retirement activities are available to technical professionals?

Engineering Your Retirement discusses financial independence from the unique cultural view of the technical professional and features many charts, graphs, analytical tools, and equations to help present the financial nuts-and-bolts of retiring in a logical and analytical manner. It offers practical, firsthand advice from an industry expert on:
* Effectively budgeting for investments
* Planning for health insurance
* Choosing a retirement community
* Building up a cash/bond ladder
* Considering inflation
* Portfolio requirements
* Investment allocations
* Paying off a mortgage
* And much more

212 pages, Paperback

First published December 1, 2006

Reviews

[Jay French · Rating 2 out of 5]

Aimed at technology professionals, this book discusses the world of retirement planning, including financial decisions, but also including discussions of Living Below Your Means and figuring out what to do with your time when retired. The tech professional is targeted by providing some basic finance formulas and links to sources of data. While this may be appropriate to an engineer that has never thought about retirement, the book is mostly very basic information, much of which any engineers/developers I know already understand. This book was highly rated on some early retirement websites, but it covers much of the same information offered on those sites. I was expecting quite a bit more, such as providing models with different situations than has been broadly published in the early retirement community. Techies that would like that kind of analysis need to look elsewhere. Because of the way this book is presented as an overview, I assume this is aimed at a younger generation of tech professionals that haven't spent any time on this kind of self-optimization, and for this group the book would be a very good introduction. The author covers a lot of topics, writes plainly but not dumbed-down, and provides a wealth of links for further research.

[Enoch · Rating 4 out of 5]

Some of the info is a bit dated. This book seems like an excellent resource for someone who wants to dig into the details of planning for retirement. I especially liked the list of potential part time jobs you could do, I hadn't thought of many of them.