Conclusion
by Tiya Lim, Kevin Grogan, Larry E. Swedroe
The Only Guide You'll Ever Need for the Right Financial Plan: Managing Your Wealth, Risk, and Investments
- Copyright
- Preface
- Acknowledgments
- I. Investment Strategy in an Uncertain World
- II. Asset Allocation
- 3. Asset Allocation
- 4. Equities
- 5. Fixed Income
- 6. Alternative Investments
- 6.1. Convertible Bonds: Not Recommended
- 6.2. Covered Calls: Not Recommended
- 6.3. Fixed-Income Currency Exposure: Generally Not Recommended
- 6.4. EE Bonds: Recommended
- 6.5. Emerging Market Bonds: Not Recommended
- 6.6. Equity-Indexed Annuities (EIAs): Not Recommended
- 6.7. Gold: Not Recommended
- 6.8. Hedge Funds: Not Recommended
- 6.9. High-Yield (Junk) Bonds: Not Recommended
- 6.10. Leveraged Buyouts (LBOs): Not Recommended
- 6.11. Leveraged Funds: Not Recommended
- 6.12. Master Limited Partnerships (MLPs): Not Recommended
- 6.13. Mortgage-Backed Securities (MBS): Not Recommended
- 6.14. Precious Metals Equities (PME): Not Recommended
- 6.15. Preferred Stocks: Not Recommended
- 6.16. Private Equity (Venture Capital): Not Recommended
- 6.17. Stable-Value Funds: Generally Not Recommended
- 6.18. Structured Investment Products: Not Recommended
- 6.19. Variable Annuities: Not Recommended
- 7. Liabilities and Asset Allocation
- III. Implementing The Plan
- 8. Individual Securities or Mutual Funds
- 9. Active versus Passive Management
- 9.1. The Evidence
- 9.2. The Search for the Holy Grail: Why Is Persistent Outperformance So Hard to Find?
- 9.3. The Value of Economic Forecasts
- 9.4. The Value of Security Analysis
- 9.5. Buy, Sell, or Hold?
- 9.6. The Tyrannical Nature of an Efficient Market
- 9.7. The Prudent Investor Rule
- 9.8. The Benefits of Passive Investing
- 9.9. Summary
- 10. The Asset Location Decision
- 11. The Care and Maintenance of the Portfolio
- IV. The Investment Plan and Financial Security
- 12. College Savings Plans
- 13. Insurance
- 14. IRAs and Retirement/Profit Sharing Plans
- 14.1. Roth versus Traditional IRA
- 14.2. Five Key Facts
- 14.3. What to Do When Retirement Plan Choices Are Poor
- 14.4. IRA Conversions
- 14.4.1. Limitations
- 14.4.2. Who is Eligible for the Roth Conversion?
- 14.4.3. Who Should Consider a Roth Conversion?
- 14.4.4. Who Should Not Consider a Roth Conversion?
- 14.4.5. Partial Conversions
- 14.4.6. What if the Conversion Was a Mistake? (Recharacterizations)
- 14.4.7. The Pension Protection Act of 2006
- 14.4.8. Conversions from Non-Deductible IRAs
- 14.4.9. Summary
- 15. Social Security
- 16. Determining a Safe Withdrawal Rate
- 17. Planning Beyond Your Lifetime
- Conclusion
- A. Effective Diversification in a Three-Factor World
- B. Dollar Cost Averaging
- C. Reverse Mortgages
- D. How to Choose an Adviser You Can Trust
- Notes
- Glossary
We hope this book has met its goals of helping you:
Design an Investment Policy Statement (IPS) and asset allocation plan most appropriate to your unique situation.
Choose the best investment vehicles to implement the plan.
Locate assets in the most tax-efficient manner.
Maintain the portfolio's risk profile in the most efficient manner.
Provide effective tax management.
Integrate into your investment plan estate planning, tax planning, risk management (insurance of all kinds), and planning for your heirs.
Larry adds this: I have greatly enjoyed the thousands of e-mails and letters I have received over the years from readers of my books. If you have any questions about this book or how to implement the recommended strategies, feel free to contact me at Buckingham Asset Management, 8182 Maryland Avenue, Suite 900, Clayton, Missouri 63105, or e-mail me at [email protected]. You can also e-mail Kevin Grogan at [email protected] or Tiya Lim at [email protected].
-
No Comment