Book description
Completely expanded and updated, Live it Up Without Outliving Your Money! Second Edition is the financial roadmap that people are looking for. Based on the author's experience in the financial services sector since the mid-1960s, including more than 30 years as an investment advisor and money manager, this plain-talking book gives readers simple strategies to add between $1,000 and $10,000 to their monthly income in retirement, and without taking any of the dumb risks of the past.
This reliable resource motivates readers to take the first steps to change their financial situation; presents multiple strategies for withdrawing money during retirement; and exposes the marketing tricks perpetrated by financial institutions. This book also includes added focus on newer issues such as ETFs, REITs, estate planning, IRA withdrawals, and updated allocation strategies.
Live it Up Without Outliving Your Money! :
• Allows readers to tailor a financial plan for retirement that takes into account the amount of risk they’re willing to tolerate
• Provides multiple strategies for withdrawing money once in retirement while also building an estate for children and other survivors
• Exposes the marketing tricks and emotional ploys perpetrated by financial institutions and the personal finance media that keep investors from making the best decisions – and provide real-world examples of these deceptions
• Motivates readers to take the first steps to change their financial situation, which is the most difficult part of the strategy
• Includes a dozen worksheets to help readers grapple with retirement planning
Table of contents
- Copyright
- Acknowledgments
- Introduction
-
1. Why Investors Fail
- 1.1. Mistake 1: No Written Plan
- 1.2. Mistake 2: Procrastination
- 1.3. Mistake 3: Taking Too Much Risk
- 1.4. Mistake 4: Taking Too Little Risk
- 1.5. Mistake 5: Trusting Institutions
- 1.6. Mistake 6: Believing the Media
- 1.7. Mistake 7: Failing to Take Small Steps That Can Make Big Differences
- 1.8. Mistake 8: Buying Illiquid Financial Products
- 1.9. Mistake 9: Requiring Perfection in Order to Be Satisfied
- 1.10. Mistake 10: Accepting Investment Advice and Referrals from Amateurs
- 1.11. Mistake 11: Letting Emotions Drive Investment Decisions
- 1.12. Mistake 12: Putting Too Much Faith in Short-Term Performance
- 1.13. Mistake 13: Overconfidence
- 1.14. Mistake 14: Focusing on the Wrong Things
- 1.15. Mistake 15: Needing Proof before Making a Decision
- 1.16. Mistake 16: Not Knowing How to Deal with the First 15 Mistakes
- 2. Stress Versus Success: A Tale of Two Investors
- 3. Lessons from Smart People
- 4. The Psychology of Successful Investing
- 5. Who Are You and What Are Your Goals?
- 6. Your Ideal Portfolio
- 7. Profit from Real Estate and Small Companies
- 8. Value OWNING WHAT OTHERS DON'T WANT
- 9. Putting the World to Work for You
- 10. Controlling Risks
- 11. Meet Your Enemies EXPENSES AND TAXES
- 12. Putting Your Ideal Portfolio to Work
- 13. Withdrawals WHEN YOUR PORTFOLIO STARTS PAYING YOU
- 14. Hiring an Investment Adviser
- 15. Your Action Plan
- 16. My 500-Year Plan
- A. Ten Lessons I Learned from John Bogle
- B. Resources
- Disclaimer and Legal Information
Product information
- Title: Live It Up Without Outliving Your Money!: Getting The Most From Your Investments in Retirement
- Author(s):
- Release date: June 2008
- Publisher(s): Wiley
- ISBN: 9780470226506
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