Business-plan

I picked up this book after reading about it in Michelle Singletary's column. I can't believe I never knew it existed. I have been struggling to handle my parents' finances and stressing about how to do it fairly, without upsetting my brother and causing family discord. Finally, I've found good, solid advice on exactly how to do this. Not only is this book essential for anyone in my position, but I highly recommend it for anyone who thinks that someday they might be taking care of someone else's finances.

This book is solutions focused. It offers concise advice that is really helpful. Learn how to broach the tough money questions with parents who never talked with their kids about sex or money. Then learn exactly what to do to improve your parents finances and your own, and their, peace of mind. I recommend it highly!

I have just finished reading this book. I didn't like it because the author goes back and forth between very simplistic comments and useless and time-consuming mathematical formulas.
Moreover, the 1997 edition is completely outdated. There is nothing here about the best retirement device ever: the Roth IRA. This reason alone is enough not to buy this or any book that is so old.
There are good information in the book though. I just think that there are better books about retirement.
Gidi

Information on retirement planning can be difficult to understand. Davis's book thoroughly covers the 401K and IRA options. It is a positive, straightforward analysis beginning with why we should plan for retirement then moving on to the advantages of IRA's and 401K's over saving after tax dollars. Tables illustrate how the value of early saving multiplies over time. As you get farther into to book the author's financial expertise shows positively with his clear, but detailed explanations of sometimes difficult financial concepts. He writes clearly and builds the explanations step by step. We were bombarded with information on the Roth IRA a couple of years ago, but have found the clearest explanations in this little book. It is a worthwhile book, well-organized and well-written and covers the subject matter clearly. Our 401K provider at work should have their salespeople read it!