Are You a Stock or a Bond?: Identify Your Own Human Capital for a Secure Financial Future, Updated and Revised
by Gail MarksJarvis, Moshe A. Milevsky Ph.D.
Retirement: Saving Funds for Your Future (Collection)
- About This eBook
- Title Page
- Copyright Page
- Contents
- Are You a Stock or a Bond?: Identify Your Own Human Capital for a Secure Financial Future, Updated and Revised
- Copyright Page
- Dedication Page
- Praise for the Previous Edition Are You a Stock or a Bond?
- Acknowledgments
- About the Author
- Preface to the Second (Revised) Edition
- Introduction: Pensions Are Dying; Long Live Pensions
- 1. You, Inc.
- 2. Insurance Is a Hedge for Human Capital
- 3. Diversification over Space and Time
- Why Does Diversification Work?
- Decomposing Risk: Systematic Versus Non-Systematic Risk
- The Importance of International Investing
- Correlations: The Magic Behind Asset Allocation
- How Does Time Impact Financial Risk and Volatility?
- Should I Take More Risk When I’m Younger?
- Diversification and the Financial Crisis
- Summary
- Endnotes
- 4. Can Debt Be Good at All Ages?
- 5. Personal Inflation and the Retirement Cost of Living
- 6. Sequence of Investment Returns
- 7. Longevity Is a Blessing and a Risk
- 8. Spending Your Retirement in a Risky World
- 9. Annuities Are Personal Pensions
- 10. Product Allocation Is the New Asset Allocation
- 11. Conclusion: Plan for Managing Your Retirement Risk
- Appendix: Additional References and Notes
- Index
- FT Press
- Saving for Retirement (Without Living Like a Pauper or Winning the Lottery) Updated and Revised
- Copyright Page
- Dedication Page
- Praise for Saving for Retirement (Without Living Like a Pauper or Winning the Lottery), First Edition
- Acknowledgments
- About the Author
- Introduction
- 1. Start Investing Early or Start Now
- 2. Know What You’ll Need
- The Retirement Difference: Pensions
- Today’s Responsibilities Are Yours
- Confusion Reigns
- What Do You Need?
- How Financial Planners Evaluate Your Needs
- Saving Enough?
- Don’t Let Fear Sidetrack You
- Don’t Save Too Much
- Doing a Retirement Calculation Like a Pro
- Imagine Your Life at 65 and 75
- Health Costs Are a Black Hole
- When Will You Retire?
- Nursing Homes
- How Long Will You Live?
- Women Live Longer, Need More Money
- Dig Out These Records
- How Much Security Is Social Security?
- Olden Days with Old-Style Pensions
- 401(k), 403(b), 457, and Profit Sharing
- IRAs and Other Savings Accounts
- The Big Guess Numbers
- The Easy Calculation
- Two Easy Rules of Thumb
- How Do You Turn $25 a Week into $1 Million?
- Using Your Calculation: The Advanced Lesson
- 3. Savings on Steroids: Use a 401(k) and an IRA
- The Hard Way
- What’s the Difference?
- Get the Match
- The Power of Warding Off Taxes
- Mutual Funds Get Taxed
- An IRA Instead?
- How to Use Your 401(k) or 403(b)
- Changing Your Mind
- Getting Started
- More Tax Help Than You Imagined
- Take Baby Steps
- Can You Spare a Dime?
- Finding Cash
- Qualifying for the Match
- Procrastination—Not Money—Hurts
- Leaving Your Job
- Emergency Bailout
- 4. An IRA: Every American’s Treasure Trove
- 5. IRA Decisions: How to Start and Where to Go
- Married, with No Job
- Where Do I Go? What Do I Do?
- Can’t I Wait Until I File My Taxes?
- The Choice Between a Traditional IRA and a Roth IRA
- The Choice Between a 401(k) and a Roth IRA
- Rules You Must Live By
- Last-Minute Regrets: I Want My Money Back
- Special Help for Low-Income People
- Help for Affluent People
- What Comes First: College or Retirement Saving?
- If You Operate a Small Business
- The Next Step
- 6. Why the Stock Market Isn’t a Roulette Wheel
- 7. What’s a Mutual Fund?
- 8. Making Sense of Wacky Mutual Fund Names
- 9. Know Your Mutual Fund Manager’s Job
- The Cost of Ignorance
- Focus on the Right Words
- Stocks Come in Three Sizes: Know Your Size
- Recognizing the Tortoise and the Hare: Growth Versus Value
- International Stock (Equity) Funds
- Balanced Funds
- REITs (Real Estate Investment Trusts)
- Gold
- Sector or Specialty Funds
- Stable Value Fund
- Company Stock
- Bond Funds
- 10. The Only Way That Works: Asset Allocation
- 11. Do This
- Asset Allocation Is Simply Matching
- Picking Within Categories
- You Don’t Need to Use Every 401(k) Fund
- What’s Your Age: 20, 30, 40, 50, or 60?
- Doing Your Gut Check
- A Reality Check for Fear: The Losses of the 2007–2009 Crash
- The Easy Rule of Thumb
- Starting an IRA
- Avoid Market Timing
- The Impact of Market Timing
- Dollar-Cost Averaging
- Rebalance
- What You Can Control
- 12. How to Pick Mutual Funds: Bargain Shop
- 13. Index Funds: Get What You Pay For
- What’s an Index Fund?
- What’s the Stock Market, and What’s a Stock Market Index?
- Using Index Funds in a 401(k)
- Tweak Your Portfolio Once a Year: Rebalance
- Using Index Funds in an IRA
- Indexes Come in Many Varieties: An Advanced Lesson
- Exchange-Traded Funds
- Some Exchange-Traded Fund (ETF) Ideas
- Tinkering with ETFs: For Advance Investors
- Beginning Investors: Starting an IRA with Pocket Change
- Warning: Not All Index Funds Are Good
- Is Your Fund Good or Bad?
- Advanced Comparison Lesson
- How to Analyze a Fund
- 14. Simple Does It: No-Brainer Investing with Target-Date Funds
- 15. Do You Need a Financial Adviser?
- Index
- FT Press
Are You a Stock or a Bond?
Identify Your Own Human Capital for a Secure Financial Future, Updated and Revised
Moshe A. Milevsky, Ph.D.
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