Plenty of books tell you how to plan for retirement. This book tells you how to manage it once you are there. Retirement: A time in your life when you should be kicking back and relaxing on a sandy beach or a golf course, without a care in the world. Right? Well, these days it's a bit more complicated than that. With Social Security and Medicare hanging in the balance, questions and uncertainties abound: Will you have enough money? Will you need a part-time job? Do you have adequate health insurance? Here is the road map you need for a comfortable, stress-free retirement--complete with sandy…mehr
Plenty of books tell you how to plan for retirement. This book tells you how to manage it once you are there. Retirement: A time in your life when you should be kicking back and relaxing on a sandy beach or a golf course, without a care in the world. Right? Well, these days it's a bit more complicated than that. With Social Security and Medicare hanging in the balance, questions and uncertainties abound: Will you have enough money? Will you need a part-time job? Do you have adequate health insurance? Here is the road map you need for a comfortable, stress-free retirement--complete with sandy beaches, if that's your preference. Ron and Murray Yolles, a father-and-son team who have advised retirees on money matters for fifty years, provide a solid, down-to-earth plan for a successful retirement, covering everything from the best investment strategies to maximizing retirement plans and IRAs. "Will your money last? This book helps make sure it does for the millions of Americans entering retirement, answering this key question and many more in an easy-to-read, friendly way." --Jean-Marie Eveillard, President, SoGen Funds. "You're Retired, Now What? is a great read to help clear one's mind of all the conflicting financial advice that exists today." --David Herro, CFA, Partner, Director of International Equities The Oakmark International Funds.Hinweis: Dieser Artikel kann nur an eine deutsche Lieferadresse ausgeliefert werden.
Ronald M. Yolles, JD, CFA is an attorney and certified financial analyst. He is the President and Senior Portfolio Manager of Yolles Investment Management, Inc. He has been quoted widely in the national and local media and was a speaker at the 1995 Schwab National Financial Advisors Conference. Murray Yolles, JD, MBA, Ron's father, has extensive experience and expertise in estate planning and tax issues.
Inhaltsangabe
Foreword by Robert J. Sanborn xi Preface xiii Acknowledgements xvii Introduction xix Part One Your Retirement Mind-Set Chapter One Cost of Living and Other Financial Issues 3 Estimating Your Retirement Cost of Living 4 Stick with a Long-Term Plan 11 Chapter Two Cash Flow and Nonportfolio Sources of Income 13 Consider Total Return 15 When to Take Your Social Security Income 16 Part-Time Work and Other Sources 19 Mortgaging Your Property for Investment Funds 19 Chapter Three Maximizing Cash Flow 24 Be Like an Egg Farmer or a Landlord 25 Your Capital Base: The Primary Source of Income-Making it Last during Retirement 26 Three Stages of Retirement 29 Part Two The Best Investment Strategy for your Retirement Chapter Four Identifying your Money Personality 39 Lifeboat Drills 43 Rearview Mirror Investing 44 Your Risk Profile 47 Conclusion 59 Chapter Five Investing During Retirement 60 Invest Investing Can Be Hazardous to Your Wealth 64 The Story of Bill and Libby 67 Diversify Your Portfolio for Stability 68 Retirement Investing Case Studies 70 Chapter Six Developing, Implementing, and Maintaining a Sensible Retirement Portfolio Strategy 77 Dividend Yield versus Capital Appreciation 78 Diversity with Funds 83 Determine Your Optimal Portfolio 85 Find Your Risk Tolerance 90 Value funds and GARP Funds 95 Model Portfolios 96 Tax-Free Municipal Bonds versus Stock Funds 102 Conclusion 103 Chapter Seven How to Select and Assemble a Portfolio of the Best No-Load Mutual Funds 105 Diversification and Other Factors 106 Some All-Star Funds 115 The Rebalancing and Portfolio Review and Monitoring Process 124 Lessons from Investment History 127 Common Investment Mistakes to Avoid 129 The Tortoise Wins the Retirement Race 131 Part Three Apportioning and Insuring Your Nest Egg Chapter Eight Withdrawal Strategies Using IRAS, Pensions, Rollovers, and Social Security 135 Section I - Withdrawal Planning 136 Section II - Withdrawals from Qualified Retirement Accounts 144 Section III - Social Security Distributions 157 Chapter Nine Insuring Your Investment Portfolio 164 Health Insurance 165 New Medical Savings Account 166 Medicare, Medicaid, and Medigap Coverage 167 Long-Term care Insurance 172 Life Insurance 176 Viatical Settlements of Life Insurance Policies 191 Personal Umbrella Liability Insurance 192 Protection Beyond Insurance 193 Part Four Protecting Your Family's Financial Well-Being Chapter Ten Estate Planning 199 Selecting an Attorney 203 Noncitizen Issues 206 The Do-It-Yourselfer 208 Bequests 213 Probate 214 The Bypass (Credit Shelter) Trust 215 The Trustee 219 Life Insurance Trusts 223 Partnerships and Business Interests 224 Deathbed Planning 229 Chapter Eleven Foul-Ups and Fraud: The Laws that Protect The Public 235 Foul-Ups 236 Fraud 239 Government Regulation 243 Chapter Twelve Investment Advisors 253 Conclusion 258 Index 261
Foreword by Robert J. Sanborn xi Preface xiii Acknowledgements xvii Introduction xix Part One Your Retirement Mind-Set Chapter One Cost of Living and Other Financial Issues 3 Estimating Your Retirement Cost of Living 4 Stick with a Long-Term Plan 11 Chapter Two Cash Flow and Nonportfolio Sources of Income 13 Consider Total Return 15 When to Take Your Social Security Income 16 Part-Time Work and Other Sources 19 Mortgaging Your Property for Investment Funds 19 Chapter Three Maximizing Cash Flow 24 Be Like an Egg Farmer or a Landlord 25 Your Capital Base: The Primary Source of Income-Making it Last during Retirement 26 Three Stages of Retirement 29 Part Two The Best Investment Strategy for your Retirement Chapter Four Identifying your Money Personality 39 Lifeboat Drills 43 Rearview Mirror Investing 44 Your Risk Profile 47 Conclusion 59 Chapter Five Investing During Retirement 60 Invest Investing Can Be Hazardous to Your Wealth 64 The Story of Bill and Libby 67 Diversify Your Portfolio for Stability 68 Retirement Investing Case Studies 70 Chapter Six Developing, Implementing, and Maintaining a Sensible Retirement Portfolio Strategy 77 Dividend Yield versus Capital Appreciation 78 Diversity with Funds 83 Determine Your Optimal Portfolio 85 Find Your Risk Tolerance 90 Value funds and GARP Funds 95 Model Portfolios 96 Tax-Free Municipal Bonds versus Stock Funds 102 Conclusion 103 Chapter Seven How to Select and Assemble a Portfolio of the Best No-Load Mutual Funds 105 Diversification and Other Factors 106 Some All-Star Funds 115 The Rebalancing and Portfolio Review and Monitoring Process 124 Lessons from Investment History 127 Common Investment Mistakes to Avoid 129 The Tortoise Wins the Retirement Race 131 Part Three Apportioning and Insuring Your Nest Egg Chapter Eight Withdrawal Strategies Using IRAS, Pensions, Rollovers, and Social Security 135 Section I - Withdrawal Planning 136 Section II - Withdrawals from Qualified Retirement Accounts 144 Section III - Social Security Distributions 157 Chapter Nine Insuring Your Investment Portfolio 164 Health Insurance 165 New Medical Savings Account 166 Medicare, Medicaid, and Medigap Coverage 167 Long-Term care Insurance 172 Life Insurance 176 Viatical Settlements of Life Insurance Policies 191 Personal Umbrella Liability Insurance 192 Protection Beyond Insurance 193 Part Four Protecting Your Family's Financial Well-Being Chapter Ten Estate Planning 199 Selecting an Attorney 203 Noncitizen Issues 206 The Do-It-Yourselfer 208 Bequests 213 Probate 214 The Bypass (Credit Shelter) Trust 215 The Trustee 219 Life Insurance Trusts 223 Partnerships and Business Interests 224 Deathbed Planning 229 Chapter Eleven Foul-Ups and Fraud: The Laws that Protect The Public 235 Foul-Ups 236 Fraud 239 Government Regulation 243 Chapter Twelve Investment Advisors 253 Conclusion 258 Index 261
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