INDEX

Active management, 150

Adulting, 109-110

Adversity, 17

After-tax contributions, 126

American industry, 24

Amortization, 97-98

negative, 99-100

Asset allocation, 153-154, 155

Asset classes, 153

Assets, retirement, 194

Baby Boomers, 15-16, 30, 31, 33, 34

Bailouts, 17-18

Bankruptcy, 76

Benefits, employee, 110, 116-128

Benefits, employer, 51

Bonds, 146

Budget, 113

Bush, George W., 22

Buyer’s remorse, 71

Capital markets, 145

Cash flow, 14, 47-48, 78-85, 110, 111-113, 182

Cash management, 47-49, 110

Cash reserve, 129-130

Caution, 14, 16, 17

Child care, 184-186

Child, expenses associated with having a, 182-186

Coca-Cola Company, the, 146-147

Coinsurance, 118

Cold War, the, 15, 24

College savings, 72

Commissions, 157

Common objectives, 42

Communicating your goals, 41

Community property, 171

Community, 65

Compliance risk, 146

Compound interest, 13, 48

Conflict, 17

Consolidation, 75, 100-102

Consolidations loans, direct, 74-75

Consumer Price Index, 59

Consumption, 32-33

Content, digital, 28

Contributions,

after-tax, 126

Roth, 126

Copayment, 118

Core benefits, 116

Cost of higher education, the, 57-72

Coupon, 147

Credit, 14

Cuomo, Andrew, 64

Death benefits, 124

Debt management, 14

Debt,

graduate student, 22-23

student loan, 20-24, 42, 192

Deductible, 118

Deficit, 79, 111-112

Digital content, 28

Direct consolidation loans, 74-75

Direct PLUS loans, 74

Direct subsidized loans, 73-74

Direct unsubsidized loans, 74

Disability insurance, 121-123, 187

Discretionary spending, 32

Diversification, 148

Diversity, 32

Dreams, 40, 135, 139

Durable power of attorney, 178

Education, 17, 21, 49

Einstein, Albert, 48

Emergency fund, 42

Emotional honesty, 167

Employee benefits, 110, 116-128

Employer benefits, 51

Employer pensions, 192

Employment, 109-131

Entrepreneurial spirit, 135-159

Entrepreneurs, 114

Estate planning, 52, 177-179, 187-188

Exchange-traded funds, 149-151

Expense ratio, 157

Expenses associated with having a child, 182-186

Expenses, 79, 111-112

Extended repayment, 99

Family support, 72

Family, 18

starting a, 42, 179-188

Federal consolidation loans, 100-101

Federal student loans, 76

Fee, investment management, 157

Fees, trading, 157-158

Financial aid, 73

Financial illiteracy, 13, 23

Financial independence, 42, 191-197

Financial landscape, 14

Financial literacy, 13-20, 33-34

Financial risk, 146

Financial wellness, 13

Fixed expenses, 79, 80, 81, 112

401(k), 124

403(b), 125

457 plan, 125

Free Application for Federal Student Aid, 73

Freelancers, 114

Funding, decrease in public, 59

General Electric, 147-148

Generation X, 25

Generation Y, 25

Generation Z, 34

Goals, 39-40, 41-46, 104, 130, 152, 167

Grace period, 95

Grad PLUS Loan Program, 22-23

Graduate degrees, 58

Graduate student debt, 22-23

Graduated repayment, 98-99

Grants, 73

Great Depression, the, 14

Great Recession, the, 27-28, 92, 153

Greatest Generation, the, 14-15

Growing your wealth, 50

Guilt, 106

Having a child, expenses associated with, 182-186

Health, 18

Healthcare proxy, 178

Heath insurance, 117-121

Higher education, 34, 55-85, 141

Higher education, the cost of, 57-72

Home, purchasing a, 42

Honesty, 40-41

Housing crisis, 16

Identifying your goals, 39-40, 44

Illiteracy, financial, 13, 23

Impact, 135

Improper tax planning, 115-116

Income gap, 58

Income, 79, 111-112

retirement, 194

Income-based repayment, 77

Income-driven repayment, 99

Independence, 12

financial, 42, 191-198

Industry, 24

Inflation, 13, 194

Information, 17

Institutional redundancies, 30

Insurance, 49-50

disability, 121-123, 187

health, 117-121

life, 124, 173-177

Investing, 151-158

Investment expense, 157

Investment management fee, 157

Investment portfolio, 155

Investments, 14, 50, 110, 129-131, 144-148

Last will and testament, 177-178

Law, 29

Layoffs, 26

Life insurance, 124, 173-177

Lifestyle, 194

Literacy, financial, 13-20, 33-34

Living will, 178

Loan consolidation, 75, 100-102

Loan forgiveness, 102-104

Loan repayment, student, 89-106

Loans, 49

federal consolidation, 100-101

private, 72

student, 73-78

Long-term disability, 121

Marriage, 166-173

Money, 18

the time value of, 48, 49

Motivation, 106

Mutual funds, 149-151

Negative amortization, 99-100

Netflix, 147-148

Network, out of, 118-119

New York Stock Exchange, 146

Newspapers, 28

Obama, Barack, 64

Objectives, common, 42

Operational risk, 146

Out-of-pocket maximum, 119

Ownership, 35

Parental support, 72

Passion, 31, 92

Passive management, 150

Pell Grant program, 59-60

Pensions, 192

PLUS loans, direct, 74

Power of attorney, durable, 178

Premiums, 117-118

Principal, 147

Prioritizing your goals, 39-40, 44, 104, 130

Private loans, 72

Private universities, 62-63, 69

Productivity, 32-33

Proxy, healthcare, 178

Public funding, decrease in, 59

Public universities, 61

Purpose, 30-31, 39, 42

Quantifying your goals, 39-40, 43-44

Rate of return, 194

Redundancies, institutional, 30

Reinvention, 30

Repayment, student loan, 89-106

Reputational risk, 146

Retirement assets, 194

Retirement income, 194

Retirement plans, 124-128

Retirement savings, 194

Retirement, 191-197

Risk tolerance, 154-155

Risk, 16, 30-31, 49, 136-137, 144, 152, 154-155, 175

types of, 146

Room and board, 67-68

Roth contributions, 126

Roth IRA, 127-128

S&P 500, 150

Sacrifice, 112-113

Sanders, Bernie, 64, 65

Savings, 48, 79, 111-112, 171-172

college, 72

retirement, 194

Scholarships, 73

Schools, 18-19

Self-employment, 120

disability insurance and, 122

SEP IRA, 128

Short-term disability, 121

Skills, technical, 24-25

Social Security, 33

Standard repayment, 98

Starting a family, 42, 179-188

Stocks, 146, 153-154

Strategic risk, 146

Student debt, 42, 192

Student loan crisis, 89

Student loan debt, 20-24

Student loan repayment, 89-106

Student loans, 21, 73-78

Subsidies, 65

Subsidized loans, direct, 73-74

Tax planning, improper, 115-116

Tax rates, 126

Taxes, 50-51, 110, 112, 113-116

Technical skills, 24-25

Technology, 15, 17, 25-26, 34, 135

Term life insurance, 174-175

Tesla Inc., 146-147

Time value of money, the, 48, 49

Time, 18, 43, 50, 139, 194

Trading fees, 157-158

Traditional IRA, 127-128

Trump, Donald, 64

Tuition, 66-67

Underwriting, 122, 175

Unsubsidized loans, direct, 74

Variable expenses, 79, 80-82, 112

Vocational work, 24

W-4, 113-114

Wealth, growing your, 50

Wedding, paying for a, 42

Wellness, financial, 13

Will and testament, last, 177-178

Will, living, 178

William D. Ford Federal Direct Loan Program, 73

Withholding, 113-115