Morningstar's 30-Minute Money Solutions A Step-by-Step Guide to Managing Your Finances

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Edition: 1st
Format: Paperback
Pub. Date: 2011-03-01
Publisher(s): Wiley
List Price: $21.16

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Summary

The quick and easy way to manage money and achieve financial goalsThe recent economic meltdown has left people in terrible financial shape with little idea of how to turn things around. Using Morningstar's time-tested strategies and sensible approach to money management, Morningstar's 30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances breaks down important financial tasks into do-able chunks, each of which can be accomplished in 30 minutes or less. The practical, no-nonsense book Lays out the tools to get organized, including how to create a filing and bill paying system Details how to find the best uses for one's money, as well as how to properly invest for savings, college, and retirement Other titles by Benz: Morningstarr Guide to Mutual Funds: Five Star Strategies for SuccessThese are uncertain times. Morningstar's 30-Minute Money Solutions provides expert guidance on all aspects of personal money management, and it does so in quick, easily digestible steps.

Author Biography

Christine Benz is Director of Personal Finance for Morningstar and a senior columnist for Morningstar.com. Benz was coauthor of Morningstar Guide to Mutual Funds: 5-Star Strategies for Success and is author of the book's second edition. For more information, visit the 30-Minute Solution Resource Center online at www.morningstar.com/goto/30MinuteSolutions.

Table of Contents

Forewordp. xi
Prefacep. xiii
Acknowledgmentsp. xix
Find Your Baselinep. 1
Calculate Your Net Worthp. 5
See Where Your Money Goesp. 11
Set Your Financial Goalsp. 17
Create a Budgetp. 23
Get Organizedp. 29
Create a Bill-Paying Systemp. 33
Create a Filing Systemp. 37
Create a Master Directoryp. 43
Find the Best Use of Your Moneyp. 47
Determine Whether to Pay Down Debt of Investp. 51
Decide Where to Invest for Retirementp. 59
Get Started in Investingp. 65
Create an Emergency Fundp. 69
Find the Right Stock/Bond Mixp. 75
Create an Investment Policy Statementp. 81
Invest for Short- and Intermediate-Term Goalsp. 89
Create a Hands-Off Long-Term Portfoliop. 97
Invest in Your Company Retirement Planp. 105
Determine How Good Your Company Retirement Plan Isp. 109
Decide between a Traditional and Roth 401(k)p. 117
Select the Best Investments for Your Company Retirement Planp. 125
Make the Most of a Subpar 401(k) Planp. 131
Invest in an Irap. 137
Determine What Type of IRA is Best for Youp. 143
Identify the Best Investments for Your IRAp. 147
Determine Whether to Convert Your IRAp. 155
Roll Over Your Retirement Plan into an IRAp. 163
Invest for Collegep. 169
Find the Right College Savings Vehiclep. 173
Find the Right 529 Planp. 181
Select the Right Investments for Your College Savings Planp. 187
Invest in Your Taxable Accountp. 197
Identify the Best Investments for Taxable Accountsp. 201
Manage Your Portfolio for Tax Efficiencyp. 209
Harvest Tax Lossesp. 215
Invest During Retirementp. 223
Determine Your Portfolio Withdrawal Ratep. 227
Build an In-Retirement Portfoliop. 233
Find the Right Sequence of In-Retirement Withdrawalsp. 241
Monitor Your Investmentsp. 245
Conduct a Portfolio Checkupp. 249
Rebalance Your Portfoliop. 257
Cover Your Bases on Estate Planningp. 263
Get Started on Your Estate Planp. 269
Handle Beneficiary Designationsp. 275
Create a Personal Legacyp. 281
About the Authorp. 285
Indexp. 287
Table of Contents provided by Ingram. All Rights Reserved.

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