Whether youre in retirement, just getting ready to retire, or 5, 10, or 40 years out, this book can help you invest smarter your whole life and yes, plan better for retirement. Harmful mythology abounds about retirement investing. Many retirees or soon-to-be retirees have heard a plethora of advice. Take 100 (or 120) and subtract your age to get your equity allocation, put the rest in bonds or cash. Buy only bonds. Buy only high dividend stocks. Or some combination! Buy equity-indexed annuities or some guaranteed income product. All examples of a potentially harmful myth many folks believe to…mehr
Whether youre in retirement, just getting ready to retire, or 5, 10, or 40 years out, this book can help you invest smarter your whole life and yes, plan better for retirement. Harmful mythology abounds about retirement investing. Many retirees or soon-to-be retirees have heard a plethora of advice. Take 100 (or 120) and subtract your age to get your equity allocation, put the rest in bonds or cash. Buy only bonds. Buy only high dividend stocks. Or some combination! Buy equity-indexed annuities or some guaranteed income product. All examples of a potentially harmful myth many folks believe to be smart, strategic moves. Investors believe preparing for retirement requires a radically different set of tools or a dizzying array of products. Navigating the world of retirement products and services can be a full-time job. But investing for retirement is, in practice, not much (if at all) different from investing. In Your Retirement Plan, Ken Fisher will give readers a workable strategy to either develop their own retirement investing plan or work more successfully with a professional to increase the likelihood of achieving long-term goals while avoiding common pitfalls. The book will include easy-to-follow steps like How to think, correctly, about investing time horizon. How to better figure how much income you need How to determine if a portfolio can provide that income How to figure how much to save each year to achieve retirement goals What pitfalls to avoid And more. . . . In this retirement planning book that's not just for retirees, Fisher will hand readers the tools and confidence they need to better plan for the future.
Kenneth L. Fisher is best known for his prestigious "Portfolio Strategy" column in Forbes magazine, where his over twenty-eight-year-tenure makes him the fourth longest-running columnist in Forbes' history. He is the founder, chairman, and CEO of Fisher Investments, an independent global money management firm managing tens of billions for individuals and institutions globally. He has authored numerous professional and scholarly articles, as well as several books, including national bestsellers The Only Three Questions That Count, The Ten Roads to Riches, How to Smell a Rat, Debunkery, and Markets Never Forget (But People Do).
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Acknowledgments ix
Chapter 1: What? Me? Retire? 1
The Imagined Dichotomy 3
Two Goals ... and Some Non-Goals 4
Definitions and a Pencil 9
Start Immediately. Now. Right Away 13
Plan Your Prosperity 14
Chapter 2: My Goals Are ... What? 17
Why Is This So Hard? 20
Your Investing Goals, Simply 24
Potential Pitfall: Capital Preservation and Growth 26
Inflation's Insidious Impact 29
Three Percent, Compounded 35
Chapter 3: The Secret Code--Asset Allocation orBenchmark? 37
Benchmark--A Road Map and Measuring Stick 40
Picking a Benchmark 42
The Big Decision--Asset Allocation 45
Potential Pitfall: Age Doesn't Equal Asset Allocation49
Benchmark Versus Asset Allocation--What's theDifference? 50
Chapter 4: Time Horizon--Longer Than You Think59
Potential Pitfall: Ignoring Opportunity Cost 62
Time Horizon--What Is It? 64
Time Horizon and Benchmark 68
Chapter 5: What's in a Return? 73
Growth Defi ned 77
The Past as a Guide? 81
Gordon Moore and Endless Innovation 90
Potential Pitfall: Unrealistic Expectations 92
Chapter 6: Getting That Cash Flow 97
Potential Pitfall--The All High-Dividend Portfolio 100
