Book description
“How important is it to pay attention to this book? How
important is it to live without fear? How important is it to be
able to help your children and grandchildren? How important is it
to be able to enjoy yourself after you retire instead of living in
terror? How important is it to live on the golf course instead of
in a single room of a retirement hotel? Or, to put it another way,
this book is important, and rarely has a book so important been so
much fun to read.”
—Ben Stein, Economist, Lawyer, Writer, TV Personality and
Honorary Chair of the National Retirement Planning
Coalition.
“Retirement Countdown offers a wonderful perspective on
retirement issues. Not only does the book create awareness, it
helps solve the problems faced by so many people who don’t
know how to plan. By introducing Goal Oriented Retirement Planning,
David Shapiro has created a breakthrough process for matching
assets with goals and achieving success. This is must-read
book!”
—Tom West, Retired Chairman and CEO, American General
Retirement Services
“This book offers a comprehensive approach to retirement
planning delivered in an enjoyable and easy-to-read format.
I’m going to recommend it to all my clients in the
pre-retirement stage. Shapiro makes the journey fun!”
—Pat Hanley-Peterson, Ph.D., Vice President, Director of
Professional Services, Certified Executive Coach, Lee Hecht
Harrison
“David Shapiro has for years been a source of information
on financial instruments and trends for industry professionals. Now
he uses that expertise to make information accessible to the
general public. With this accessible book, David Shapiro makes the
process of retirement planning less daunting for everyone,
regardless of individual levels of expertise.”
—Juanita Brown, Senior Vice President, Associated
Securities
“Don’t just read this book; use it. The author
builds a powerful case for accepting personal responsibility for
taking action now. Time is money. Invest yours now; you will love
the rate of return. With Shapiro as your guide, help replaces
hope.”
—Tim Freeman, President, Efficient Marketing, LLC
Protect your retirement, one step at a time—starting today!
Don’t outlive your assets! Know what you’ll need, how to get it, and how to keep it
Personal coaching from one of the world’s leading retirement planning experts
Overcome the #1 danger to your retirement: procrastination. Only Jerry Seinfeld can make money doing nothing!
Understand retirement investment risks—and manage them
Author provides interactive retirement planning tools at www.retirementcountdown.com
Concerned about retirement income? You’d better be. Don’t panic. Act! Retirement Countdown will help you every step of the way.
In this action-oriented book, you’ll discover where you stand, make a solid plan, and learn how to stick with it. You’ll assess all your options, discovering practical strategies for controlling risk as you build savings. You’ll learn how to tweak your plan to reflect changing times. And, once you’ve retired, you’ll learn the best ways to protect and stretch your savings.
Whatever your assets, whatever your investment knowledge, this book will coach you every step of the way on the road to the comfortable retirement you deserve.
Table of contents
- Copyright
- Prentice Hall Financial Times
- Financial Times Prentice Hall Books
- Foreword
- Introduction
- How to Use This Book
-
I. UNDERSTANDING THE PROBLEM AND THE SOLUTION
- 1. Tick Tock Goes the Retirement Clock
- 2. Saving for Retirement
-
3. Establishing an Income You Can't Outlive
- Setting Your Objectives
- Utilization of Assets
- Types of Income
- Creating Retirement Income
- Strategies for Managing Income
- Systematic Withdrawals
- Insured Income
- Minimum Distributions from Qualified Plans
- Common Mistakes Made
- Income Allocation
- Life Expectancy and Your Retirement
- Risks to Consider During Your Retirement
- Summary
- Power Checklist
-
4. No Plan Is an Island
- Qualified Plans
- Defined Benefit Pension Plans
- Cash Balance Defined Benefit Plans
- Defined Contribution Plans
- Profit Sharing or Stock Bonus Plans
- Employee Stock Ownership Plans
- Simplified Employee Pension-IRAs
- Savings Incentive Match Plans for Employees
- Keogh Plans
- Individual Retirement Account Plans
- Traditional IRAs
- Roth IRAs
- Divorce and Plan Assets
- How Much Should You Put into Qualified Plans?
- How Should You Invest Your Qualified Plan Money?
- Summary
- Power Checklist
-
5. Goal-Oriented Retirement Planning: Energy for Your Retirement
- Create a Culture for Success
- Know When to Give Yourself a Break: The Philosophy of Success
- Take a Current Snapshot
- Taking Small Steps Through GORP
- Establishing Your Goals
- 529 Plans
- Next Steps
- Adding Goals and Prioritizing
- Matching Assets to Goals
- Managing the Shortfall
- Modifying and Achieving Your Goals
- Planning Your Retirement Goals
- Budgeting for Your Objectives
- Retirement as a Goal
- Life Expectancy and Your Retirement
- Do You Want to Have Leftovers?
- Creating Your Income Replacement Goal
- Summary
- Power Checklist
-
II. UNDERSTANDING RISK AND YOUR PRODUCT CHOICES
- 6. Understanding and Managing Risk
-
7. Equity Investments: Taking Stock in Your Retirement
- The Securities and Exchange Commission
- Why Invest in the Stock Market?
- Ways to Invest in the Stock Market
- How to Choose Your Equity Investments
- Considerations for Buying Individual Stocks
- Buying on Margin
- Investing Abroad
- American Depository Receipt
- Utilities
- Risk Reward
- Individual Stocks and Goal-Oriented Financial Planning
- Summary
- Power Checklist
- 8. Fixed Income Investments: Building a Bond
- 9. Insurance and Annuities
- 10. Real Estate and Other Investments
-
11. Mutual Funds
- History of Mutual Funds
- Closed-Ended Funds
- Unit Investment Trusts
- Open-Ended Funds
- Equity Funds
- Hybrid Funds
- Taxable Bond Funds
- Tax-Free Bond Funds
- Money Market Funds
- Style Boxes
- Equity Indices
- Socially Responsible Investment Funds
- Turmoil in the Industry
- Mutual Fund Expenses
- Mutual Funds and Goal-Oriented Financial Planning
- Summary
- Power Checklist
-
12. Managing Your Investments
- Chasing Returns
- Investing Is Not a Two-Dimensional Process
- Identifying the Right Mix of Securities in Your Portfolio
- Asset Allocation
- Dollar Cost Averaging
- Portfolio Rebalancing
- Standard Deviation
- Passive Management Versus Active Management
- Repositioning Assets
- Dogs of the Dow: Top 10 Dividend-Paying Stocks
- Efficient Frontier and Portfolio Diversification
- Lifestyle Investing
- Investing and Relationships
- Estate Planning and Retirement
- Summary
- Power Checklist
- III. TAKE ACTION NOW TO GET THE LIFE YOU WANT
- Appendices
Product information
- Title: Retirement Countdown: Take Action Now to Get the Life You Want
- Author(s):
- Release date: June 2004
- Publisher(s): Pearson
- ISBN: 0131096710
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