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Plan Your Prosperity: The Only Retirement Guide You'll Ever Need, Starting Now--Whether You're 22, 52 or 82

Book Description

Whether you're in retirement, just getting ready to retire, or 5, 10, or 40 years out, this book can help you invest smarter your whole life and yes, plan better for retirement.

Harmful mythology abounds about retirement investing. Many retirees or soon-to-be retirees have heard a plethora of advice. Take 100 (or 120) and subtract your age to get your equity allocation, put the rest in bonds or cash. Buy only bonds. Buy only high dividend stocks. Or some combination! Buy equity-indexed annuities or some "guaranteed" income product. All examples of a potentially harmful myth many folks believe to be smart, strategic moves.

Investors believe preparing for retirement requires a radically different set of tools or a dizzying array of products. Navigating the world of retirement products and services can be a full-time job. But investing for retirement is, in practice, not much (if at all) different from investing. In Your Retirement Plan, Ken Fisher will give readers a workable strategy to either develop their own retirement investing plan or work more successfully with a professional to increase the likelihood of achieving long-term goals while avoiding common pitfalls. The book will include easy-to-follow steps like

  • How to think, correctly, about investing time horizon.

  • How to better figure how much income you need

  • How to determine if a portfolio can provide that income

  • How to figure how much to save each year to achieve retirement goals

  • What pitfalls to avoid

  • And more. . . .

In this retirement planning book that's not just for retirees, Fisher will hand readers the tools and confidence they need to better plan for the future.

Table of Contents

  1. Cover
  2. Contents
  3. Title
  4. Copyright
  5. Acknowledgments
  6. Chapter 1: What? Me? Retire?
    1. The Imagined Dichotomy
    2. Two Goals . . . and Some Non-Goals
    3. Definitions and a Pencil
    4. Start Immediately. Now. Right Away.
    5. Plan Your Prosperity
  7. Chapter 2: My Goals Are . . . What?
    1. Why Is This So Hard?
    2. Your Investing Goals, Simply
    3. Potential Pitfall: Capital Preservation and Growth
    4. Inflation’s Insidious Impact
    5. Three Percent, Compounded
  8. Chapter 3: The Secret Code—Asset Allocation or Benchmark?
    1. Benchmark—A Road Map and Measuring Stick
    2. Picking a Benchmark
    3. The Big Decision—Asset Allocation
    4. Potential Pitfall: Age Doesn’t Equal Asset Allocation
    5. Benchmark Versus Asset Allocation—What’s the Difference?
  9. Chapter 4: Time Horizon—Longer Than You Think
    1. Potential Pitfall: Ignoring Opportunity Cost
    2. Time Horizon—What Is It?
    3. Time Horizon and Benchmark
  10. Chapter 5: What’s in a Return?
    1. Growth Defined
    2. The Past as a Guide?
    3. Gordon Moore and Endless Innovation
    4. Potential Pitfall: Unrealistic Expectations
  11. Chapter 6: Getting That Cash Flow
    1. Potential Pitfall—The All High-Dividend Portfolio
    2. How Much Do You Need?
    3. Monte Carlo—Not Just a Casino
    4. Let’s Get Bootstrapping
  12. Chapter 7: Can I Get There?
    1. How Much Do You Have?
    2. A Savings Plan
  13. Chapter 8: Putting It All Together
    1. To Benchmark or Not to Benchmark
    2. State Your Goals
    3. Know Where You Are
    4. Picking an Appropriate Benchmark
    5. Finding Professional Help
    6. Avoid Being a Fraud Victim
    7. And You’re Off!
  14. Appendix A: All Hail the Mighty Dow
  15. Appendix B: Cash Flow Versus Expenses
  16. Appendix C: Expense Categories
  17. Appendix D: Personal Balance Sheet
  18. About the Authors
  19. Index