Seven Steps to Financial Freedom in Retirement

Contents

Introduction

Chapter 1: Getting the Nest Egg Ready to Hatch

A New Approach

What You’ve Got

Where Are Your Retirement Resources?

Looking Forward

Chapter 2: Putting Your Assets to Work for You

The Old Way: Maximizing Returns Based on Risk Tolerance

The Hank Parrott Way: The Smart Money Approach

Looking Forward

Chapter 3: IRA Mastery

Planning for Taxes

What Makes Up a Traditional IRA?

Traditional and Roth IRAs: Learn the Difference!

Tax Considerations When Investing IRA Assets

Taking Distributions from Traditional IRAs

Estates and IRAs

Passing It Along

Looking Ahead

Chapter 4: Enhancing Your Retirement with Built-In Guarantees

Bonds: What Is Guaranteed and What Is Not

Annuities: Separating Myths from Truth

CDs: A Key Element in an Income-Generating Retirement Portfolio

Putting It All Together: Investing for the Long Term

Chapter 5: How the Smart Money Invests

Learning through Trial and Error

The Real Story

Starting Off: The Retirement Investor Quiz

Busting the Investment Myths

Active Management

Tune Out the Media’s Advice

Investing versus Speculating: Know the Difference!

A Real Story About Speculative Investing

The Smart Money Investment Strategy

All About Asset Allocation

How Do You Measure Diversification?

The Importance of Staying Disciplined

Tax Planning and Investments

My Best Advice

Looking Forward

Chapter 6: Paying for Helping Hands

What Are Your Options?

Planning Ahead

Common Myths About Long-Term Care

How You’ll Pay

Examining Which LTC Payment Option Works for ...