Book Review: Save Now or Die Trying

Mark Bruno’s book, Save Now or Die Trying is a modern, up-to-the-minute book on retirement. It was published in 2007. The author has been covering the retirement industry for Crain’s Pensions and Investments for the last few years. As a newbie who learned everything on the job, he can relate to most of his Generation Y compatriots. His examples are the Jacks and Jills making their way in the world. He delves into their attitudes towards retirement and their fears and aspirations for the future, a lot like Suze Orman does, but his examples aren’t quite as two dimensional. None of us are, but I think the examples he’s picked out are more realistic than you’ll find in other personal finance books.

His title is a strong start and so is the first page. He’s out there to emphasize to today’s 20-somethings that no one is going to pay for their retirement. The only person responsible for it is YOU. I’m right behind him on that concept. Another concept he revisits over and over is that you can borrow a money for nearly everything, except retirement. A better thing to do is to ‘buy your retirement’ now, by saving for the future. I think that’s a great way of putting it.

There weren’t too many new things in this book overall, but a few key things really stuck out at me. 1. Roth IRA’s and Roth 401k’s. I did not know that regular 401k and Roth 401k contributions have a combined limit. I’ll have consider that as I revisit next year’s savings plan. 2. His online resource list has some new websites and resources I’ve never heard of before.

This book is a great gift for a new college grad or anyone under 30.

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