Jim Stovall, Tim Maurer

The Ultimate Financial Plan (eBook, ePUB)

Balancing Your Money and Life

• Format: ePub

Produktbeschreibung

How to build a financial plan that really blends into your life The latest volume in the bestselling Ultimate series, Jim Stovall and Tim Maurer's The Ultimate Financial Plan: Balancing Your Money and Life is a one-stop, comprehensive, personal financial planning book exploring the intersection of money and life. The Ultimate Financial Plan examines the connection between actions, thoughts, and feelings when it comes to all things financial. The key to getting the most out of your wealth, the authors argue, is certainly found in the wise utilization of tools, like budgets, bank accounts, 401(k)s, IRAs, Roth IRAs, education savings plans, and real estate, as well as home, auto, business, health, disability, and long term care insurance, but even more so in the contentment found in balancing money's influence in our lives with personal values and goals. * An insider's look into the recently humbled "Big 3"--the banks, brokerage firms, and insurance companies--and the inner workings that often set their proprietary goals and objectives above all * A critical examination of the role of various financial sales people, advisors, planners, and consultants * A guide to navigating Economic Bias--a conflict of interest involving money--and how it affects every financial decision we make The Ultimate Financial Plan is the application of the resources at your disposal for the purpose of living your life to the fullest, and this book will show you the quickest route to getting started on the path to ultimate success.

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Produktdetails

• Verlag: John Wiley & Sons
• Seitenzahl: 288
• Erscheinungstermin: 24. August 2011
• Englisch
• ISBN-13: 9781118107966
• Artikelnr.: 37338996

Autorenporträt

Jim Stovall is among today's most sought-after motivational speakers. The author of fifteen books, including the bestselling The Ultimate Gift and The Ultimate Life, both of which have been made into major motion pictures by 20th Century Fox, he has been a champion Olympic weightlifter, a successful investment broker, and an entrepreneur. He is the cofounder and President of the Emmy Award-winning Narrative Television Network, which makes movies and television accessible for America's thirteen million blind and visually impaired people and their families. In June 2000, Stovall was selected as the International Humanitarian of the Year. Tim Maurer is a financial planner, educator, and blogger. He is Vice President of the Financial Consulate, a Fee-Only¯® financial management firm in Hunt Valley, Maryland. He teaches financial planning at his alma mater, Towson University, and educates through his blog, TimMaurer.com. Maurer has been a frequent guest on CNBC and featured on ABC's Nightline. The co-host of Money, Riches & Wealth, a weekly Baltimore radio show, he has contributed to the Wall Street Journal, the New York Times, the Washington Post, and Money magazine, among other leading publications.

Inhaltsangabe

Foreword xi Preface xv Acknowledgments xix Introduction xxi Chapter 1 The
Gift of Money: Money 101 1 The Value of Money 3 Money Beliefs 4 Chapter 2
The Gift of Purpose: Personal Principles and Goals 7 Personal Principles 7
Goals 10 Chapter 3 The Gift of Discipline: Household Cash Flow 17 Personal
Financial Statements 17 Financial Crises 25 Chapter 4 The Gift of Enough:
Debt and Financial Freedom 27 Financial Freedom 28 The Danger of Discontent
29 Emergency Reserves 32 Bad Debt 35 Better Debt 39 Economics and Emotions
41 The Cure for More 43 Chapter 5 The Gift of Discernment: Risk Management
Decisions 45 The Accident 47 Risk Management Techniques 48 How Insurance
Works 50 Chapter 6 The Gift of Security: Life Insurance 55 Life Insurance:
Why? 55 Life Insurance Needs 59 Life Insurance: How? 62 Life Insurance
Wants 67 Different Types of Life Insurance 70 Purchasing Life Insurance 73
Chapter 7 The Gift of Certainty: Auto, Home, and Liability Insurance 77
Auto Insurance 79 Homeowner's Insurance 82 Excess Liability (Umbrella)
Insurance 84 Chapter 8 The Gift of Health: Health, Disability Income, and
Long-Term Care Insurance 87 Health Insurance 89 Types of Plans 89 HSAs and
FSAs 90 Recent Health Insurance Changes 93 Disability Income Insurance 95
DI Moving Pieces 96 Social Security, Medicaid, and Medicare 99 Long-Term
Care Insurance 100 LTC Moving Pieces 101 Chapter 9 The Gift of Clarity:
Investing and Portfolio Management 107 Stocks and Bonds 109 All Things
Considered Equal? 111 Mutual Funds 112 Economic Analysis 115 Market
Valuation Analysis 117 Technical Market Analysis 118 Efficient or Not? 119
Passive versus Active 119 Investing with "Style" 121 Relative Return versus
Absolute Return 123 Index Huggers, Return Chasers, and Risk Managers 126
Decisions, Decisions 128 Chapter 10 The Gift of Transparency: Annuities 131
Immediate Annuities 134 Fixed Annuities 136 Variable Annuities 137 Equity
Indexed Annuities 140 Annuity Disadvantages 141 Annuity Advantages 143
Chapter 11 The Gift of Preparation: Tax Planning 147 Tax Myths 150 Tax
Rules 155 Chapter 12 The Gift of Learning: Education Planning 159 Family
Education Policy 162 Having The Talk (no, not that talk) 166 Education
Savings Plan 169 The 50 Percent Rule 172 Chapter 13 The Gift of
Fulfillment: Retirement Planning 175 Retirement Past 179 Retirement Present
180 Retirement Future 180 Employer-Sponsored Retirement Plans 181 401k
Rollovers 182 Traditional IRAs 184 Roth IRAs 185 Traditional versus Roth
186 Roth IRA Conversions 187 Fulfillment Planning 189 Retirement Makeover
193 Chapter 14 The Ultimate Gift: Estate Planning 197 Wills 200 Durable
Powers of Attorney 205 Advance Directives 206 Beneficiary Designations 208
Probate 212 Estate Tax 214 Chapter 15 The Gift of Discretion: Choosing a
Financial Advisor 217 "The Big Three" 222 Financial Planner Compensation
224 Finding a Professional Planner 228 Chapter 16 The Gift of Action: Your
Plan for Money and Life 233 Fundamental and Practical Change 234 Reprise
235 Stay Connected 238 Notes 241 About the Web Site 245 About the Authors
247 Index 249