Suze Orman’s Action Plan was on my reading list for a while and I finally got to it. While reading, I was happy to see that Orman’s advice was right on par with White Picket College. She even has an entire chapter called Paying for College. Reading the chapter pretty much mirrored what we discuss here at WPC, but I was fascinated to find out her opinions on currently taking out a 529 plan and a PLUS Loan. These two topics will be addressed in future posts.
I was most intrigued by the Retirement section–not only for myself, but for the readers here at WPC. If you’re like me, 20 or more years away from retirement, you’ll find Orman’s stock advice to be very surprising. Even my fiance, who is very organized in regard to his retirement fund and has a financial planner, was surprised by her advice.
In the revised from 2009 edition, Orman added a chapter entitled Kids and Money. Quite frankly, I love this section because it shows parents how to financially educate their kids. It may sound easy, but Orman addresses tough questions. For example, what do you do when your brother and sister-in-law give your children extravagant gifts … but you can’t do the same thing in return? It’s a good question, right? As I read it to myself, I was thinking, I’m not sure what I’d do if I was a parent in this situation. Orman answers a lot of tricky questions like this, including ones about kids in college or right out of college.
I highly recommend Suze Orman’s Action Plan. It’s only $9.99 and very much worth the small price. Remember to buy the “revised and updated (edition) from Suze Orman’s 2009 Action Plan.” Happy reading to all of our followers!
~ the WPC team