The Market for Retirement Financial Advice

The Market for Retirement Financial Advice PDF

Author: Olivia S. Mitchell

Publisher: OUP Oxford

Published: 2013-10-31

Total Pages: 362

ISBN-13: 0191506729

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The market for retirement financial advice has never been more important and yet more in flux. The long-term shift away from traditional defined benefit pensions toward defined contribution personal accounts requires all of us to be more sophisticated today than ever before. However, the landscape for financial advice is changing all over the world, with new rules and regulations transforming the financial advice profession. This volume explores the market for retirement financial advice, to explain what financial advisors do and how to measure performance and impact. Who are these professionals and what standards must they abide by? How do they make money and what are their incentives? How can one protect clients from bad advice, and what is good advice? Does advice alone effect changes in personal habits? Answering these questions, along with new technology that will decrease the delivery costs of advice, will play a transformative role in helping more households receive the quality financial advice that they need. Accordingly, this volume illuminates the market and regulatory challenges so as to enhance consumer, plan sponsor, and regulator decisions.

Financial Peace

Financial Peace PDF

Author: Dave Ramsey

Publisher: Lampo

Published: 2002-01-01

Total Pages: 268

ISBN-13: 9780963571236

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Dave Ramsey explains those scriptural guidelines for handling money.

The White Coat Investor

The White Coat Investor PDF

Author: James M. Dahle

Publisher: White Coat Investor LLC the

Published: 2014-01

Total Pages: 160

ISBN-13: 9780991433100

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Written by a practicing emergency physician, The White Coat Investor is a high-yield manual that specifically deals with the financial issues facing medical students, residents, physicians, dentists, and similar high-income professionals. Doctors are highly-educated and extensively trained at making difficult diagnoses and performing life saving procedures. However, they receive little to no training in business, personal finance, investing, insurance, taxes, estate planning, and asset protection. This book fills in the gaps and will teach you to use your high income to escape from your student loans, provide for your family, build wealth, and stop getting ripped off by unscrupulous financial professionals. Straight talk and clear explanations allow the book to be easily digested by a novice to the subject matter yet the book also contains advanced concepts specific to physicians you won't find in other financial books. This book will teach you how to: Graduate from medical school with as little debt as possible Escape from student loans within two to five years of residency graduation Purchase the right types and amounts of insurance Decide when to buy a house and how much to spend on it Learn to invest in a sensible, low-cost and effective manner with or without the assistance of an advisor Avoid investments which are designed to be sold, not bought Select advisors who give great service and advice at a fair price Become a millionaire within five to ten years of residency graduation Use a "Backdoor Roth IRA" and "Stealth IRA" to boost your retirement funds and decrease your taxes Protect your hard-won assets from professional and personal lawsuits Avoid estate taxes, avoid probate, and ensure your children and your money go where you want when you die Minimize your tax burden, keeping more of your hard-earned money Decide between an employee job and an independent contractor job Choose between sole proprietorship, Limited Liability Company, S Corporation, and C Corporation Take a look at the first pages of the book by clicking on the Look Inside feature Praise For The White Coat Investor "Much of my financial planning practice is helping doctors to correct mistakes that reading this book would have avoided in the first place." - Allan S. Roth, MBA, CPA, CFP(R), Author of How a Second Grader Beats Wall Street "Jim Dahle has done a lot of thinking about the peculiar financial problems facing physicians, and you, lucky reader, are about to reap the bounty of both his experience and his research." - William J. Bernstein, MD, Author of The Investor's Manifesto and seven other investing books "This book should be in every career counselor's office and delivered with every medical degree." - Rick Van Ness, Author of Common Sense Investing "The White Coat Investor provides an expert consult for your finances. I now feel confident I can be a millionaire at 40 without feeling like a jerk." - Joe Jones, DO "Jim Dahle has done for physician financial illiteracy what penicillin did for neurosyphilis." - Dennis Bethel, MD "An excellent practical personal finance guide for physicians in training and in practice from a non biased source we can actually trust." - Greg E Wilde, M.D Scroll up, click the buy button, and get started today!

Buy, Hold, and Sell!

Buy, Hold, and Sell! PDF

Author: Ken Moraif

Publisher: John Wiley & Sons

Published: 2015-01-23

Total Pages: 224

ISBN-13: 1118951514

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Protect your retirement from the next big crash with a New Twiston the Old Investment Strategy. For years, advisorshave recommended that investors take a "buy and hold" approach tothe market, but people over fifty can't afford to rely on thisstrategy. Buy, Hold, & SELL! uncovers the myth of the"buy and hold" investment philosophy, and explains why it'sdangerously incomplete. Written by Ken Moraif, one ofBarron’s top 100 Financial Advisors in the United Statesthree years a row and who called the 2008 market crash in Novemberof 2007, this book outlines an alternative strategy that betterserves investors who are at retirement age. Written ineasy-to-understand language and buoyed by Ken's trademark humor,this guide shoots down the myths that keep investors in riskymarkets, and arms readers with the knowledge, motivation, andstrategies that may help them survive-and even thrive-during theinevitable next bear market. Too many retirees lost a large percentage of their investmentsduring the market collapse of 2008 and spent years trying to regaintheir footing. During the collapse, many advisors told theirclients to stay in the market. Ken did the opposite, advising hisclients and listeners of his popular radio show “MoneyMatters” to get out of the market in November of 2007-beforethe economic meltdown. With this book, Ken shares his 26 years ofexperience to help investors prepare for the imminent bear marketthat could devastate their retirement plans. For those looking to build a sound financial plan for the longrun, this book provides expert insight and solid advice withsupporting charts, graphs, statistics, and anecdotes. Understand the buy-hold-SELL strategy Learn how to design a sell strategy to protect principal in thenext bear market Find clear-cut information regarding retirement finances Discover the benefits of a diversified portfolio This bookexpands upon old advice to provide the most important part of theequation: a sell strategy designed to protect principal. The goal of Buy, Hold, & SELL! is not to makeinvestors rich quick, but to help keep them from becoming poor.

The Prudent Professor

The Prudent Professor PDF

Author: Edwin M. Bridges

Publisher: Taylor & Francis

Published: 2023-07-03

Total Pages: 279

ISBN-13: 1000981002

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This is a guide for anyone in the academy – faculty member, administrator or professional staff – at whatever point she or he may be along the career path. Whether you are a newly-minted Ph.D. landing your first job, at mid career, or even already retired and concerned about how long your money might last, Ed Bridges offers you a straightforward, easy-to-grasp, and structured way to think about money, learn how it works, understand the priorities for your stage in life, determine your objectives, and develop a personal plan most likely to achieve them.Why a book specifically for those who work in higher education? The chances are that your retirement funds are mostly invested in TIAA-CREF funds, and that the plans created by the different institutions where you have worked, or will work, impose sometimes conflicting limitations of how you can manage your retirement money. This is potentially complex terrain with which many professional financial advisors are unfamiliar. This book provides ample guidance for you to manage your retirement funds, but if you do prefer to seek professional advice, it sets out the criteria for choosing a reliable advisor, and may even be a book from which your advisor can benefit if he or she is not fully conversant with TIAA-CREF’s offerings, and the quirks of academic retirement plans.What makes this book unique is that Ed Bridges shares with you his self-education about the risky business of investing and retirement planning. As he writes, “In schooling myself, I adopted the mind-set that I had used as a social scientist for the past forty-six years. I distinguished between fact and opinion and scrutinized the evidence behind every author’s claims; moreover, I searched for research that might corroborate or refute these claims. In the process, I learned a great deal about the route I should have taken to retirement from the time I accepted my first academic appointment to the time I submitted my intention to retire. Join me as I relive my long journey so that you may avoid my wrong turns and succeed in reaching your ultimate destination, a worry-free retirement, despite the risks and uncertainties you will surely face when you retire.”The book includes simple questionnaires and worksheets to help you determine where you stand, and think through your options.

Rescue Your Retirement

Rescue Your Retirement PDF

Author: Russell K Jalbert

Publisher: Advantage Media Group

Published: 2012-04-06

Total Pages: 134

ISBN-13: 1599323028

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"You don't have to accept risk in order to grow your money." What readers discover in this book is the woeful ineffectiveness of retirement planning as practiced by Wall Street and the brokerage industry. In place of this failed approach Jalbert offers the logic of financial tools provided by the insurance industry. These tools, though not well known in the marketplace, are many, varied and most often free of the risk associated with volatile markets. His mission is to design retirement plans that are as foolproof as possible, and making sure that a stable and predictable lifelong income is provided under any economic circumstances.

The All-Weather Retirement Portfolio

The All-Weather Retirement Portfolio PDF

Author: Randy Thurman

Publisher:

Published: 2015-03-23

Total Pages: 220

ISBN-13: 9780692394526

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You can have it all-not just more income to spend in your retirement years, but also the peace of mind that comes from knowing that, no matter what happens in the outside world, you've done all you can do to have a worry-free income for life. In this book you'll find: 9 steps to build a portfolio that will survive the Perfect Financial Storm, so you can stop worrying about the economy, the latest financial catastrophe, or what the market did today 2 questions you must answer before you invest another dime Why investing after you retire is radically different from investing while you're still working The life expectancy of 6 key types of investments-and what you can do to make them last as long as you do The 10 essential questions you must ask a financial advisor-before you hire one The exact amount of money you can withdraw without worry or guilt, knowing you've applied the best available research to ensure you'll never run out of money "Thurman takes a subject that is often misunderstood, and provides you the reasons, the methods, and an understanding of what you can expect to achieve, so you can invest with confidence." -Jimmy J. Williams, CFP(r), CPA/PFS CEO/President of Compass Capital Management, LLC "A must for anyone thinking of retiring or recently retired " -Stan Toler, bestselling author of The Secret Blend"

Financial Literacy

Financial Literacy PDF

Author: Olivia S. Mitchell

Publisher: Oxford University Press

Published: 2011-10-27

Total Pages: 328

ISBN-13: 0199696810

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As defined contribution pensions become prevalent, retirees are increasingly responsible for managing their own pension assets and thus their own financial literacy becomes crucial. Based on empirical evidence and new research, the book examines how financial literacy enhances retirement decision-making in ever more complex financial markets.

Ready... Set... Retire!

Ready... Set... Retire! PDF

Author: Raymond J. Lucia Cfp

Publisher: ReadHowYouWant.com

Published: 2010-06

Total Pages: 382

ISBN-13: 1458752100

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Most investors spend too much time trying to outguess the market and not enough time thinking about their long-term financial futures. That's why today's retirees (and soon-to-be retirees) need strategies, not stock tips. Nationally recognized Certified Financial Planner, radio talk-show personality, and author Raymond J. Lucia shows you little-known concepts that can fatten your savings and boost your standard of living in retirement. In an easy-to-understand and often humorous style, Lucia details how ideas such as non traded real estate investment trusts, 72(t) elections, and equity-indexed annuities can give you, the investor, a leg up on the path to retiring in comfort and safety. Lucia brings his 30 years of experience to bear in revealing how and when to tap your retirement plans, ways to use your home as a source of retirement dollars, and how to lower taxes on appreciated company stock. He'll also explain how investing in low-income housing tax credits can help you tax-wise even as you assist others. Filled with hands-on, in-depth insights and practical advice, this book will give you all the tools you need to win at the retirement game.