Your Money and Your Life: A Lifetime Approach to Money Management

Aliber, professor emeritus at the University of Chicago Booth School of Business, advises financial neophytes of all ages on approaching money management over the course of their lifetimes—from paying for college to preparing for retirement. Employing more of a how-to-think than a how-to-do approach, Aliber covers the multitude of common financial decisions: whether to rent or buy, how much insurance one needs, raising a credit score, taking advantage of top-notch state universities, and maximizing tax-advantaged accounts—each section concluding with a takeaway list of steps to immediately implement or to use to guide future decision-making. It's when Aliber enters the more complex realm of retirement income and how to make sure your assets last as long as you do that things grow murky. The book is ideal for younger readers who have simpler financial decisions to make; those focusing on retirement will find Aliber's approach daunting despite his valiant attempts at accessibility. (Dec.)