The Everything Personal Finance in Your 40s and 50s Book
by Lane, JenniferFormat: Paperback
Pub. Date: 2008-12-17
Publisher(s): Adams Media Corp
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Summary
Have you gotten a late start on your retirement preparations? Are you worried about your fiscal future? Have financial, family, or career curveballs derailed your financial plans?
Author Biography
Jennifer Lane, CFP, is the founder and principal of Compass Planning Associates in Boston Bill Lane is an author, editor, and financial journalist. He has covered the economy as a finance reporter in Phoenix and Boston, and he worked as managing editor of the Boston Business Journal. Mr. Lane lives in Boston, MA
Table of Contents
| Top Ten Keys to a Successful Financial Plan | p. x |
| Introduction | p. xi |
| It's Never Too Late to Start Planning | p. 1 |
| The Planning Process | p. 2 |
| Financial Planning Is More Important than Ever | p. 3 |
| Financial DNA | p. 5 |
| Assessing Your Situation | p. 7 |
| Managing Cash | p. 12 |
| Budgeting Tips and Guidelines | p. 16 |
| Set Your Goals, then Stay on Track | p. 19 |
| Where Do You Want to Go from Here? | p. 20 |
| Planning with Achievable Goals in Mind | p. 22 |
| Planning in Real Life | p. 23 |
| Family Money Meetings | p. 25 |
| Planning for Life Transitions | p. 28 |
| Technology Makes Planning Easier | p. 31 |
| Credit and Debt Management | p. 33 |
| Maintaining Good Credit | p. 34 |
| Become Debt-Free on Your Own | p. 36 |
| Getting Help with Debt | p. 39 |
| Bankruptcy 101 | p. 41 |
| The Liquidity Solution | p. 42 |
| Planning for the Unexpected | p. 45 |
| Life Insurance: Something for Everyone | p. 46 |
| Health Coverage: Don't Leave Home Without It | p. 49 |
| Long-Term Care Insurance: Should You Self-Insure? | p. 51 |
| Disability Insurance | p. 53 |
| Protect Your Hearth and Home | p. 55 |
| Auto Coverage | p. 56 |
| Umbrella Liability | p. 58 |
| Retirement Income to Fulfill Your Dreams | p. 61 |
| Career Versus Retirement Lifestyles | p. 62 |
| Retiring Early into Part-Time Employment | p. 64 |
| Domestic Relations | p. 66 |
| Easy Budget Advice | p. 67 |
| Expenses Change with Time | p. 68 |
| Making Reasonable Assumptions | p. 70 |
| Planning with Younger Children | p. 71 |
| Finding Real-World and Online Advice | p. 72 |
| Retirement Accounts | p. 75 |
| Catching Up if You're Over 50 | p. 76 |
| Juggling Your Plans | p. 78 |
| The Bottom Line: Employer Plans | p. 80 |
| The Bottom Line: Personal Plans | p. 82 |
| The Bottom Line: Roth Plans | p. 85 |
| The Bottom Line: Special IRAs for the Self-Employed | p. 86 |
| Employer Benefits | p. 89 |
| Pensions: An Endangered Species | p. 90 |
| Employee Stock Options: The Hot Incentive | p. 92 |
| Restricted Stock: Golden Handcuffs | p. 94 |
| Employee Stock Purchase Plans: Getting Your Share | p. 95 |
| Comparing Job Offers | p. 97 |
| Where to Find the Best Advice | p. 98 |
| Investing 101: Bonds | p. 101 |
| Investing Your Cash | p. 102 |
| Understanding the Mechanics-and the Risks | p. 104 |
| Bond Yields and Taxes | p. 107 |
| Bond Mutual Funds: Putting a Pro to Work | p. 110 |
| Index Shares: The Copycat Approach to Investing | p. 112 |
| Curves Ahead: Yield Curves and Bond Strategies Made Simple | p. 113 |
| Investing 101: Stocks | p. 115 |
| Advantages and Risks of Stock Investing | p. 116 |
| Foreign Investing | p. 118 |
| Economics of Stocks: Account Considerations | p. 119 |
| Stock Mutual Funds | p. 121 |
| Spiders | p. 124 |
| Tax Planning with Stocks | p. 125 |
| Finding the Perfect Investment Recipe | p. 129 |
| Find Your Risk Tolerance | p. 130 |
| Online Resources and Trends | p. 132 |
| Getting Advice: Whom Can You Trust? | p. 133 |
| Target-Date Funds | p. 136 |
| Managed Accounts and Money Managers | p. 138 |
| Annuities | p. 140 |
| Buying Investments | p. 143 |
| The Ins and Outs of Buying | p. 144 |
| What to Look For and How to Compare | p. 145 |
| Beware the Tax Man | p. 148 |
| Patching Up Old Mistakes | p. 151 |
| Keep It Simple: Record-Keeping | p. 152 |
| Kids and Money | p. 155 |
| Passing along the Planning Ethic | p. 156 |
| Grade School Thrift Lessons | p. 157 |
| Finance and the Adolescent | p. 158 |
| The First Job | p. 159 |
| When to Cut the Strings | p. 160 |
| Kids on Campus | p. 163 |
| Parent Planning: Balancing Accounts and Assets | p. 164 |
| Getting a Jump on College | p. 166 |
| Tweaking the Asset Allocation for College | p. 168 |
| How Wedding Plans Affect Your Financial Plan | p. 170 |
| Inheritances and Estate Planning | p. 173 |
| Do It Right: A Lot Is at Stake | p. 174 |
| Taking Care of the Basics | p. 176 |
| Life Insurance: The Right Amount | p. 179 |
| Keeping the Family in Mind | p. 181 |
| Leaving an Inheritance: Avoid the Pitfalls | p. 183 |
| Forewarned: Avoid the Biggest Mistakes | p. 184 |
| Working for Yourself | p. 187 |
| A Freelance Approach to Your Career Track | p. 188 |
| Investing in a Franchise or Buying a Business | p. 189 |
| Starting a Business | p. 191 |
| Recovering from the Usual Mistakes | p. 193 |
| Pricing in Employee Benefits | p. 195 |
| Keep the Books Straight for Uncle Sam | p. 197 |
| Real Estate | p. 201 |
| A Home of Your Own | p. 202 |
| Planning for the Vacation Home | p. 204 |
| American Dreamin': Renting Versus Buying | p. 206 |
| Common Mistakes and Myths | p. 208 |
| Investing in Real Estate | p. 209 |
| Helping Your Children Settle Down | p. 210 |
| Taxes in Your 40s and 50s | p. 213 |
| Are You Paying Your Fair Share? | p. 214 |
| Who Says Taxes Are Certain? | p. 216 |
| Who Needs to File? | p. 217 |
| Self-Employment Tax Options | p. 218 |
| How to File: The Right Option for You | p. 221 |
| The Records You'll Need | p. 223 |
| The Sandwich Generation: Planning for Parental Care | p. 227 |
| Starting the Conversation | p. 228 |
| Elder Law You Need to Know | p. 229 |
| The Documents You'll Need | p. 231 |
| Role Reversal and the Family Money Dynamic | p. 233 |
| Planning for Parents Who Live with You | p. 234 |
| Is a Reverse Mortage a Smart Solution? | p. 235 |
| Medicaid Planning | p. 237 |
| Do You Need an Advisor? | p. 241 |
| What You Need in Your Planning Toolkit | p. 242 |
| Setting Expectations | p. 245 |
| Advisor Fees and Conflicts | p. 247 |
| Finding the Perfect Advisor Match | p. 250 |
| Breaking Up Is Hard to Do: Divorce and Separation | p. 253 |
| Where to Start | p. 254 |
| Special Advisors | p. 256 |
| Tax Planning when the Accounts Have to Be Divided | p. 258 |
| Planning for the Kids | p. 260 |
| Restarting Your Financial Plan | p. 262 |
| Dodge the Most Common Financial Blunders | p. 263 |
| Planning after the Death of a Spouse | p. 267 |
| The Nuts and Bolts of an Estate Plan | p. 268 |
| Finding the Right Advisors | p. 270 |
| Planning Priorities and Timelines | p. 271 |
| Making the Right Adjustments to Financial Accounts | p. 273 |
| Collecting the Benefits You're Due | p. 273 |
| Bringing Children into the Process | p. 275 |
| Glossary | p. 276 |
| Web Resources | p. 281 |
| Index | p. 287 |
| Table of Contents provided by Ingram. All Rights Reserved. |
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