You are previewing Live It Up Without Outliving Your Money!: Getting The Most From Your Investments in Retirement.
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Live It Up Without Outliving Your Money!: Getting The Most From Your Investments in Retirement

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

  1. Copyright
  2. Acknowledgments
  3. Introduction
  4. 1. Why Investors Fail
    1. 1.1. Mistake 1: No Written Plan
    2. 1.2. Mistake 2: Procrastination
    3. 1.3. Mistake 3: Taking Too Much Risk
    4. 1.4. Mistake 4: Taking Too Little Risk
    5. 1.5. Mistake 5: Trusting Institutions
    6. 1.6. Mistake 6: Believing the Media
    7. 1.7. Mistake 7: Failing to Take Small Steps That Can Make Big Differences
    8. 1.8. Mistake 8: Buying Illiquid Financial Products
    9. 1.9. Mistake 9: Requiring Perfection in Order to Be Satisfied
    10. 1.10. Mistake 10: Accepting Investment Advice and Referrals from Amateurs
    11. 1.11. Mistake 11: Letting Emotions Drive Investment Decisions
    12. 1.12. Mistake 12: Putting Too Much Faith in Short-Term Performance
    13. 1.13. Mistake 13: Overconfidence
    14. 1.14. Mistake 14: Focusing on the Wrong Things
    15. 1.15. Mistake 15: Needing Proof before Making a Decision
    16. 1.16. Mistake 16: Not Knowing How to Deal with the First 15 Mistakes
  5. 2. Stress Versus Success: A Tale of Two Investors
    1. 2.1. George: Doing It Right
    2. 2.2. Roger: Where Did He Go Wrong?
  6. 3. Lessons from Smart People
    1. 3.1. Smart Step 1
    2. 3.2. Smart Step 2
    3. 3.3. Smart Step 3
    4. 3.4. Smart Step 4
    5. 3.5. Smart Step 5
    6. 3.6. Smart Step 6
    7. 3.7. Smart Step 7
    8. 3.8. Smart Step 8
    9. 3.9. Smart Step 9
    10. 3.10. Smart Step 10
    11. 3.11. Smart Step 11
    12. 3.12. Smart Step 12
  7. 4. The Psychology of Successful Investing
    1. 4.1. Cruising the Investment Highway
    2. 4.2. Your Style in the Driver's Seat
    3. 4.3. Watch Out for Your Expectations
    4. 4.4. Your Goals Should Be Good
    5. 4.5. Watch Out for Wall Street
    6. 4.6. Watch Out for the Media
    7. 4.7. The Two Lists
    8. 4.8. The Answer
  8. 5. Who Are You and What Are Your Goals?
  9. 6. Your Ideal Portfolio
  10. 7. Profit from Real Estate and Small Companies
    1. 7.1. How Reliable Is the Premium from Small-Cap Stocks?
  11. 8. Value OWNING WHAT OTHERS DON'T WANT
  12. 9. Putting the World to Work for You
  13. 10. Controlling Risks
    1. 10.1. Balancing Risk and Return, 1970–2007
  14. 11. Meet Your Enemies EXPENSES AND TAXES
  15. 12. Putting Your Ideal Portfolio to Work
    1. 12.1. Further Resources
  16. 13. Withdrawals WHEN YOUR PORTFOLIO STARTS PAYING YOU
  17. 14. Hiring an Investment Adviser
  18. 15. Your Action Plan
  19. 16. My 500-Year Plan
  20. A. Ten Lessons I Learned from John Bogle
    1. A.1. Lesson 1
    2. A.2. Lesson 2
    3. A.3. Lesson 3
    4. A.4. Lesson 4
    5. A.5. Lesson 5
    6. A.6. Lesson 6
    7. A.7. Lesson 7
    8. A.8. Lesson 8
    9. A.9. Lesson 9
    10. A.10. Lesson 10
  21. B. Resources
    1. B.1. Online Resources
    2. B.2. Books
    3. B.3. Columnists
  22. Disclaimer and Legal Information