What do you think?
Rate this book
You Don't Have to Drive an Uber in Retirement: How to Maintain Your Lifestyle without Getting a Job or Cutting Corners
Named the 2019 Investment and Retirement Planning "Book of the Year" by the Institute for Financial LiteracyIt’s never too late to start planning for retirement
You Don’t Have to Drive an Uber in Retirement is a survival guide for your golden years, and a lifeline for those entering the Retirement Crisis unprepared. Roughly 45 percent of Americans have zero dollars saved for retirement—but the average retiree will spend $154,000 in out-of-pocket health care costs alone. We need to figure out how to generate more income, even in retirement, and spend less. How do we boost our retirement income? Is investing the way to go? How much do we need, anyway? This book does more than just answer the important questions—it gives you real-world tips to help you reach your financial goals. Yes, it is possible to increase your income in or as you approach retirement. These guidelines will help you optimize your assets and put away more money for the years you’ll need it most.
Planning for retirement does not mean holding off on fun today; there are many ways the average American can reduce everyday costs of living without living like a pauper. This book will help you take stock of what you have and what you’ll need, and show you how to bridge the gap.
Maximize your savings while minimizing the lifestyle impact Unique ways for generating a meaningful amount of income, that don’t require you to get a job Learn just how much you’ll need for a comfortable retirement Adopt new everyday strategies that will help you bolster your funds Add new income streams, optimize your portfolio, and learn to spend less without living less—these are the key factors in making your golden years truly golden. You Don’t Have to Drive an Uber in Retirement is an important resource and insightful guide for those hoping to one day leave the workforce—in comfort.
You Don’t Have to Drive an Uber in Retirement is a survival guide for your golden years, and a lifeline for those entering the Retirement Crisis unprepared. Roughly 45 percent of Americans have zero dollars saved for retirement—but the average retiree will spend $154,000 in out-of-pocket health care costs alone. We need to figure out how to generate more income, even in retirement, and spend less. How do we boost our retirement income? Is investing the way to go? How much do we need, anyway? This book does more than just answer the important questions—it gives you real-world tips to help you reach your financial goals. Yes, it is possible to increase your income in or as you approach retirement. These guidelines will help you optimize your assets and put away more money for the years you’ll need it most.
Planning for retirement does not mean holding off on fun today; there are many ways the average American can reduce everyday costs of living without living like a pauper. This book will help you take stock of what you have and what you’ll need, and show you how to bridge the gap.
Maximize your savings while minimizing the lifestyle impact Unique ways for generating a meaningful amount of income, that don’t require you to get a job Learn just how much you’ll need for a comfortable retirement Adopt new everyday strategies that will help you bolster your funds Add new income streams, optimize your portfolio, and learn to spend less without living less—these are the key factors in making your golden years truly golden. You Don’t Have to Drive an Uber in Retirement is an important resource and insightful guide for those hoping to one day leave the workforce—in comfort.
209 pages, Kindle Edition
Published February 8, 2018
65 people are currently reading
61 people want to read
Ratings & Reviews
Friends & Following
Create a free account to discover what your friends think of this book!
Community Reviews
Displaying 1 - 13 of 13 reviews
June 15, 2018
I’m getting to the age and having the right mindset for this book to capture my attention. The author plays on the nagging suspicion that fully retiring from the workforce and living off of savings might be too risky, and alternative forms of income or cost savings might be useful. The author provides a number of ideas for income generation and cost savings that are relatively current. Topics covered by the author regarding income are: long-term dividend stock investing, covered calls and puts, personal and peer-to-peer lending, buying tax liens, working for Uber and the like as a contractor, optimizing social security, and funding health savings accounts. The cost saving ideas are: optimizing Medicare, medical tourism, pharmacy discount programs, rarely used tax deductions, using discount brokers, buying cheaper cars, and travel discounts and points programs. There’s also a chapter on small ideas for cost savings which includes discounted gift cards, rewards purchasing sites, and cheap or free classes. The author concludes with a few pages on why annuities and life insurance besides term tend to be bad ideas.
I really liked the mix of topics. But understand that this is a short book, and most ideas are discussed with only a few pages of text. This is more of a tickler – if you find good ideas look into them yourself. Also, although this is quite current, I noticed a few sections were not. Some of the points programs described rules that changed years ago, for instance. I also noticed that in the authors paring down of content, he often spent time talking about the pros of an idea and disregarded the cons. For instance, buying gift cards from third parties is rife with fraud, including at least one of the services he recommends. I suspect the author hasn’t actually tried every service he touts here. Again, caveat emptor. Another glossing over of cons was his discussion of reinvested dividends. His quick economic comparison to other savings options failed to take into account required taxes on dividends, but did take taxes into account in the alternatives. Taxes made appearances only when it furthered the basic tactics he was suggesting. Keep an open mind that additional research will be required.
Overall, I liked the mix of topics, hitting income and costs with many different ideas. You don’t often see, say, covered calls mentioned in the same book as buying discounted gift cards and peer-to-peer lending sites. The author hit on a good collection of what I’d call “retirement money hacks” that didn’t include some of the traditional ideas, like selling stuff on eBay. And I appreciated the understanding he provided about driving for Uber, despite the title. This is written in a conversational style, and is easy to read. But I would recommend if you find an idea you want to incorporate into your financial life that’s more involving than, say, signing up for MyPoints, do additional research.
I really liked the mix of topics. But understand that this is a short book, and most ideas are discussed with only a few pages of text. This is more of a tickler – if you find good ideas look into them yourself. Also, although this is quite current, I noticed a few sections were not. Some of the points programs described rules that changed years ago, for instance. I also noticed that in the authors paring down of content, he often spent time talking about the pros of an idea and disregarded the cons. For instance, buying gift cards from third parties is rife with fraud, including at least one of the services he recommends. I suspect the author hasn’t actually tried every service he touts here. Again, caveat emptor. Another glossing over of cons was his discussion of reinvested dividends. His quick economic comparison to other savings options failed to take into account required taxes on dividends, but did take taxes into account in the alternatives. Taxes made appearances only when it furthered the basic tactics he was suggesting. Keep an open mind that additional research will be required.
Overall, I liked the mix of topics, hitting income and costs with many different ideas. You don’t often see, say, covered calls mentioned in the same book as buying discounted gift cards and peer-to-peer lending sites. The author hit on a good collection of what I’d call “retirement money hacks” that didn’t include some of the traditional ideas, like selling stuff on eBay. And I appreciated the understanding he provided about driving for Uber, despite the title. This is written in a conversational style, and is easy to read. But I would recommend if you find an idea you want to incorporate into your financial life that’s more involving than, say, signing up for MyPoints, do additional research.
September 17, 2018
Upbeat, light-hearted, easy to understand financial tips for retirees. Certainly not a must read, but neither is it a waste of time.
Although the subtitle reads, "how to maintain your lifestyle without getting a job or cutting corners," I found much of the book to specifically address cutting corners and getting a job. Most of the information presented through out the book is not new, but I did learn a few things: 1) How to be a UBER driver (should you choose to be one), 2) Stock options, 3) Health Savings Accounts (HSAs). Medicare recipients are not eligible for Health Savings Accounts, but younger workers with high healthcare insurance deductibles really need to educate themselves for this fantastic benefit.
Although the subtitle reads, "how to maintain your lifestyle without getting a job or cutting corners," I found much of the book to specifically address cutting corners and getting a job. Most of the information presented through out the book is not new, but I did learn a few things: 1) How to be a UBER driver (should you choose to be one), 2) Stock options, 3) Health Savings Accounts (HSAs). Medicare recipients are not eligible for Health Savings Accounts, but younger workers with high healthcare insurance deductibles really need to educate themselves for this fantastic benefit.
March 11, 2018
Constructive ideas on retirement funding
This book has constructive advice for getting extra money in retirement. I feel more confident on setting up plans for retirement.
This book has constructive advice for getting extra money in retirement. I feel more confident on setting up plans for retirement.
February 5, 2020
If you’re not familiar with investing, earning points on credit cards, thinking of different ways to earn money as “side hustles” and so on, it’s a great book.
I subscribe to Marc’s investing newsletter so I’m already familiar with him. Plus, we’ve exchanged emails in the past and am a fan in general of him as a person.
Now, if you’re already familiar with those items listed above, I can’t say that the book will offer too much. I blasted through it in 3 days and I know I will go back to re-listen to a couple of the chapters. Especially, the one on naked put selling which I’d like to get into more. I really think that style of investing is a game changer and because it’s so boring, most will never do it. Which in my brain means, that’s exactly what I should be doing!
Another key take-a-way was the gift card thing. I’ve researched it in the past, but finally made it an action item and have already saved money because of it.
I’d give it a 3.5/5 if you already know about investing, credit card points and side hustle ideas. If that’s more new to you I’d bump it up to 4.5/5. If you’re to the point of nearing retirement or medicare, then it’s a 5/5 for the information provided in the book!!!
I subscribe to Marc’s investing newsletter so I’m already familiar with him. Plus, we’ve exchanged emails in the past and am a fan in general of him as a person.
Now, if you’re already familiar with those items listed above, I can’t say that the book will offer too much. I blasted through it in 3 days and I know I will go back to re-listen to a couple of the chapters. Especially, the one on naked put selling which I’d like to get into more. I really think that style of investing is a game changer and because it’s so boring, most will never do it. Which in my brain means, that’s exactly what I should be doing!
Another key take-a-way was the gift card thing. I’ve researched it in the past, but finally made it an action item and have already saved money because of it.
I’d give it a 3.5/5 if you already know about investing, credit card points and side hustle ideas. If that’s more new to you I’d bump it up to 4.5/5. If you’re to the point of nearing retirement or medicare, then it’s a 5/5 for the information provided in the book!!!
July 18, 2018
While this book is marketed as specific advice for post-career folks in their golden years, Lichtenfeld is simply offering tips on how to make more money, mostly in the market, and how to save more money on spending. Most of the practices would work equally well for a 30-year-old professional as they would for a 75-year-old retiree, with the notable exceptions of the discussions on social security, Medicare, and reverse mortgages. He is quite fond of companies that pay dividends, index funds, and cost-saving rebate programs available on the Web. He is not a fan of financial adviser fees, annuities, and cash-value life insurance. He hates reverse mortgages, and for good reasons that he details in that chapter. The book offers some helpful ideas on how to take full advantage of tax laws, especially regarding retirement investment and income. The author's delivery is entertaining and convincing, even for readers well versed in personal financial management.
April 18, 2022
Marc's first book in regards to dividends is one of the most important books that an independent stock investor needs to read and one of the most influential books that I have ever read - heavily reinforced and added structure to my long term investment strategy. This particular book is not his best, although it is easy and fun. Unfortunately for Marc, his greatest gift is his first book, and he should reconsider updating it and re-releasing under a different title both to bring it up to date and attempt to sell it under a less cheesy title - as getting rich with dividends devalues the contents and makes it sound like a get rich quick book- name on a re-release should be something closer to "Dividends - A Compounding Path to Freedom".
January 9, 2019
Interesting
This book was easy to read and did educate me on some things I did not know. That being said, there was not a lot of earth shattering information you couldn’t pick up some where else.
This book was easy to read and did educate me on some things I did not know. That being said, there was not a lot of earth shattering information you couldn’t pick up some where else.
May 14, 2020
Not worth the price.
Unless you get this book free, it is overpriced. It is written for those with a 6th grade education and no access to the outside world. The ideas put forth in this book are so basic that this book is an insult.
Unless you get this book free, it is overpriced. It is written for those with a 6th grade education and no access to the outside world. The ideas put forth in this book are so basic that this book is an insult.
March 20, 2018
Basic book. Some good tips. Good quick reference book.
October 25, 2019
Some great ideas, easy to read. Since I'm already past the 60 mark it's mostly should have done that ideas.
November 9, 2019
Common sense advice
Thought the book had practical content that is useful for anyone planning for retirement regardless of how close or far you are from actually retiring.
Thought the book had practical content that is useful for anyone planning for retirement regardless of how close or far you are from actually retiring.
January 28, 2020
Pretty easy read, but most of the information presented I already knew about.
July 30, 2024
Very easy to read. Each chapter has a summary at the end that can be used as a checklist. Good advise going into the golden years.
Displaying 1 - 13 of 13 reviews