Saving for retirement (without living like a pauper or winning the lottery)
Book - 2013
Saved in:
- Subjects
- Published
-
Upper Saddle River, N.J. :
FT Press
c2013.
- Language
- English
- Main Author
- Edition
- Updated and rev
- Item Description
- Includes index.
- Physical Description
- xxvi, 261 p. ; 23 cm
- ISBN
- 9780132963039
- Introduction
- 1. Start Investing Early or Start Now
- Feeling Incompetent
- Shared Ignorance
- Get Real
- 2. Know What You'll Need
- The Retirement Difference: Pensions
- Today's Responsibilities Are Yours
- Confusion Reigns
- What Do You Need?
- How Financial Planners Evaluate Your Needs
- Saving Enough?
- Don't Let Fear Sidetrack You
- Don't Save Too Much
- Doing a Retirement Calculation Like a Pro
- Imagine Your Life at 65 and 75
- Health Costs Are a Black Hole
- When Will You Retire?
- Nursing Homes
- How Long Will You Live?
- Women Live Longer, Need More Money
- Dig Out These Records
- How Much Security Is Social Security?
- Olden Days with Old-Style Pensions
- 401. (k), 403(b), 457, and Profit Sharing
- IRAs and Other Savings Accounts
- The Big Guess Numbers
- The Easy Calculation
- Two Easy Rules of Thumb
- How Do You Turn $25 a Week into $1 Million?
- Using Your Calculation: The Advanced Lesson
- 3. Savings on Steroids: Use a 401(k) and an IRA
- The Hard Way
- What's the Difference?
- Get the Match
- The Power of Warding Off Taxes
- Mutual Funds Get Taxed
- An IRA Instead?
- How to Use Your 401 (k) or 403(b)
- Changing Your Mind
- Getting Started
- More Tax Help Than You Imagined
- Take Baby Steps
- Can You Spare a Dime?
- Finding Cash
- Qualifying for the Match
- Procrastination-Not Money-Hurts
- Leaving Your Job
- Emergency Bailout
- 4. An IRA: Every American's Treasure Trove
- More on the Magical Power of Compounding
- 5. IRA Decisions: How to Start and Where to Go
- Married, with No Job
- Where Do I Go? What Do I Do?
- Can't I Wait Until I File My Taxes?
- The Choice Between a Traditional IRA and a Roth IRA
- The Traditional Tax-Deductible IRA
- The Roth IRA
- The Choice Between a 401 (k) and a Roth IRA
- Pushing IRAs and 401(k)s to the Limit
- Rules You Must Live By
- Can You Get a Tax Deduction from a Traditional IRA?
- Is Your Income Too High for a Roth IRA?
- How Much Can You Contribute?
- Do You Meet Age Requirements?
- Last-Minute Regrets: I Want My Money Back
- Special Help for Low-Income People
- Help for Affluent People
- What Comes First: College or Retirement Saving?
- If You Operate a Small Business
- Individual 401 (k) or Solo 401 (k)
- SEP-IRA Simplified Employee Pension Plan
- Simple IRA (Savings Incentive Match Plan for Employees)
- The Next Step
- 6. Why the Stock Market Isn't a Roulette Wheel
- Taking Control of Cycles
- The 1990s: From Stock Lovefest to Disaster
- Everyone Played the Game
- The Game's Up
- Taming the Herd
- What to Expect from the Stock Market
- Stocks Provide Risks and Rewards
- Bear Markets Maul Investors
- Novices Choosing Stocks Are Gamblers
- Making Money Takes Time
- 7. What's a Mutual Fund?
- Your Fund Is Designed for a Purpose
- What Happens in a Mutual Fund?
- The Key: Company Profits
- High Stock Prices Can Be Warning Signs
- Fund Managers Baby-Sit Stocks
- What's in Your Fund?
- Cycles Take Stocks for a Ride
- Good Funds Can Be Losers
- 8. Making Sense of Wacky Mutual Fund Names
- Avoid the Traps
- The Three Main Choices: Stocks, Bonds, and Cash
- Why You Need Bonds
- What's a Bond?
- How to Lose Money in Bonds
- The Trade-Off Between Seeking Safety and Making Money
- An Easy Bond Fund Choice
- 9. Know Your Mutual Fund Manager's Job
- The Cost of Ignorance
- Focus on the Right Words
- Stocks Come in Three Sizes: Know Your Size
- Using the Remainder of This Chapter
- Large-Cap U.S. Stock Funds
- Small-Cap U.S. Stock Funds
- Midcap U.S. Stock Funds
- Recognizing the Tortoise and the Hare: Growth Versus Value
- How to Recognize the Fund
- Check Value and Growth Funds for Worst-Case Scenarios
- International Stock (Equity) Funds
- Balanced Funds
- REITs (Real Estate Investment Trusts)
- Gold
- Sector or Specialty Funds
- Stable Value Fund
- Company Stock
- Bond Funds
- 10. The Only Way That Works: Asset Allocation
- Why Star Funds Fade
- The One Proven Way to Success: Asset Allocation
- Forget Heroes-Just Match
- Start the Sorting-It's Asset Allocation Time
- Getting the Proportions Right
- The Logic Behind "Diversification"
- This Isn't About Math
- 11. Do This
- Asset Allocation Is Simply Matching
- Picking Within Categories
- You Don't Need to Use Every 401(k) Fund
- What's Your Age: 20, 30, 40, 50, or 60?
- Doing Your Gut Check
- A Reality Check for Fear: The Losses of the 2007-2009 Crash
- The Scary Period
- The Healing
- The Easy Rule of Thumb
- Starting an IRA
- Avoid Market Timing
- The Impact of Market Timing
- Dollar-Cost Averaging
- Rebalance
- What You Can Control
- 12. How to Pick Mutual Funds: Bargain Shop
- Tiny Percents Have a Huge Impact
- Mind Your Money: Your Broker Might Not
- Cheap Funds Work
- Watch Out for Loads
- 13. Index Funds: Get What You Pay For
- What's an Index Fund?
- What's the Stock Market, and What's a Stock Market Index?
- The Dow
- The Standard & Poor's 500
- The Total Stock Market
- Using Index Funds in a 401 (k)
- Tweak Your Portfolio Once a Year: Rebalance
- Using Index Funds in an IRA
- Indexes Come in Many Varieties: An Advanced Lesson
- Exchange-Traded Funds
- Some Exchange-Traded Fund (ETF) Ideas
- Tinkering with ETFs: For Advance Investors
- Beginning Investors: Starting an IRA with Pocket Change
- Warning: Not All Index Funds Are Good
- Is Your Fund Good or Bad?
- Advanced Comparison Lesson
- How to Analyze a Fund
- 14. Simple Does It: No-Brainer Investing with Target-Date Funds
- Look for a Date
- Tweaking As You Age
- What to Do When 401(k) Funds Lack Target-Date Funds
- How to Select a Target-Date Fund
- Other Similar Choices
- Old-Style Life-Cycle Funds
- 15. Do You Need a Financial Adviser?
- Does the Financial Adviser Focus on People Like You?
- Does the Financial Adviser Have a Conflict of Interest?
- Get Limited Advice
- Finding an Adviser
- Advice at Your Workplace
- The Bottom Line
- Index