An in-depth examination of today's most important wealth management issues Managing the assets of high-net-worth individuals has become a core business specialty for investment and financial advisors worldwide. Keeping abreast of the latest research in this field is paramount. That's why Private Wealth, the inaugural offering in the CFA Institute Investment Perspectives series has been created. As a sister series to the globally successful CFA Institute Investment Series, CFA Institute and John Wiley are proud to offer this new collection. Private Wealth presents the latest information on lifecycle modeling, asset allocation, investment management for taxable private investors, and much more. Researched and written by leading academics and practitioners, including Roger Ibbotson of Yale University and Zvi Bodie of Boston University, this volume covers human capital and mortality risk in life cycle stages and proposes a life-cycle model for life transitions. It also addresses complex tax matters and provides details on customizing investment theory applications to the taxable investor. Finally, this reliable resource analyzes the use of tax-deferred investment accounts as a means for wealth accumulation and presents a useful framework for various tax environments.
Where financial advisors go for answers--revised and updated to address consequential legal and economic changes From the oil crisis and stock market crash in the 1970sthrough deregulation into the 1990s to the 2008 financial crisis--every financial planner worth their salt turned to Victor Hallman and Jerry Rosenbloom's classic reference for answers. To maintain its iconic position in the industry, this bible of wealth development moves into its Ninth Edition to ensure today's professional investors and financial stewards have reliable guidance to the latest legislation, economic developments, and wealth managementtrends and techniques. This latest edition of Private Wealth Managementprovides everything you need to operate with sophistication and savvy in today's markets--from setting financial objectives and executing the planning process to investing in equities and fixed-income securities to retirement income planning to methods for lifetime wealth transfers, and more. Written for the serious practitioner, this one-of-a-kind guide gives you a solid foundation for planning a prosperous financial future in the real world, which means it makes you an expert in: Major new tax legislation, including the "Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010" and the "American Taxpayer Relief Act of 2012" A variety of economic benefits and investment products Changes in individual annuities and retirement products with an increased focus on retirement planning Modifications to health and disability insurance The Patient Protection and Affordable Care and Health Care Reconciliation Act of 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 New developments in estate and marital deduction planning such as "portability" This completely updated edition remains a wealth-building and income management tool by presenting many useful strategies, including those for dealing with the current "super-low" interest rates. Private Wealth Management, Ninth Edition, is thecornerstone of financial planning.
What is your definition of a fulfilling life and how does an enjoyable retirement fit into that vision? Life is short; we have a limited time to choose our path, reach or dreams and goals and make our lives gratifying and our legacy everlasting.I wrote The Art of Retirement to serve as a guide; a book to help you with your life's journey by educating and inspiring you to make the most of your time on this planet or as Ronnie Lott would say, "Exhaust life." Retirement planning is much more than making sure you have enough money. Of course this is important and thoroughly discussed; certainly the security and lifestyle that money provides is a key part of your life. However, the financial aspect of planning your retirement is just part of the picture.Life is like art in many respects. It is unique to each one of us. It has the opportunity to be great as well as the potential for less-then-desired results. Like a sculpture, it can be molded and changed. Or like a painter standing in front of a blank canvas, the future is limited only by creativity and resources--whether that is money or the number of colors available for your palette.In keeping with the art metaphor, I have woven the story of Michelangelo's life and art into The Art of Retirement to help you create your own life's masterpiece. As you read this book and begin the process of creating your masterpiece, you will:* Gain perspective on what you value. I will share the story of my dear friend and former NFL player, O.J. Brigance, and his battle with ALS to help you gain perspective and appreciate even with adversity (i.e. poor health, poor investment performance, unable to save enough, etc.) you can still strive to achieve the most rewarding life given your circumstances.* Understand how your emotions (and decisions) can be impacted by our 24/7 access to financial news through broadcast media, print media, and the Internet. Being armed with knowledge of behavioral finance will allow you to avoid costly mistakes due to how our brain deals with money and financial issues.* Be inspired by real-life stories of people: o Who turned hobbies into second careers o Who used the skill set they learned in the business world to improve a non-profit organization o Who used their unique skills from their occupation (i.e., eye doctor) to help those less fortunate around the world* Learn the difference between planning retirement haphazardly without a plan, using rules-of-thumb, or using financial planning software to analyze retirement needs to compare to your resources.* How to accurately determine your risk tolerance and capacity, the most important and first step to building an investment portfolio.* Gain perspective of how investments behave while understanding current and potential future economic trends that may affect the traditional approaches of investment management.* Learn when active vs. passive management may be the best investment solution and how to implement alternative investments, such as hedge funds and private equity, to potentially minimize risk through diversification while increasing investment performance.* Introspectively look at your life to determine if you have the time, training and temperament to manage your own investments and plan for your retirement.* Appreciate the differences among the multitude of advisors and how to select a competent one that can become your trusted partner.Through the lens of both my personal life and experiences--raised by my father and growing up in a blue collar, welfare-dependent home--and through my occupation as a CERTIFIED FINANCIAL PLANNER(tm) practitioner, I will share my experience and knowledge to help you enjoy a beautiful life and create a legacy that stands the test of time--a Masterpiece!
Problems seem to bother those the least that plan the most... Lying awake nights wondering if you'll run out of money before you run out of breath? That's the reality facing millions of Americans today in a rapidly aging society of economic instability, devastated nest eggs, skyrocketing healthcare costs and plummeting purchasing power. Is it possible to realistically plan for a comfortable retirement in these uncertain times? In a word, yes. Not only is it possible, but that's exactly what this book is about: How to create a retirement plan to support your lifestyle throughout your and your spouse's lives, then distribute your estate to your heirs in the most beneficial and tax-efficient way. Donald Moore, a preeminent retirement planner, has worked with hundreds of clients over many years to chart the right course for each individual and couple to achieve their retirement dreams. A veteran of the industry and one of the most successful retirement planners in the northwest Florida and southwest Alabama area, Moore can help you determine... - Whether or not your assets areproperly positioned - How much capital you'll need to produce a comfortable retirement income - The kinds of savings and investments you'll need to achieve your goals - How much you should set aside each month for savings and investments - The kind of tax-advantaged investments best suited to your needs - The monthly income your family will need in the event of your death - The amount and type of life and disability insurance you need Take heart if you are among the nearly half of American workers today who have never tried to calculate how much money you'll need to live comfortably in retirement.
Another retirement crisis is looming as one-third of private-sector, typically poor and unsophisticated workers, probably have little to no pension security. The fifty states have decided to enact reforms, but they are unwilling to assume any liability. Effective reform should ensure a target, guaranteed, inflation/standard-of-living-indexed retirement income through death. The book proposes a four-step reform process that articulates roles, responsibilities, and sequencing of steps to effectively address the looming retirement crisis. Current reform models potentially expose participants to costly, risky, error-prone, and illiquid alternatives, which could transfer wealth from poor citizens to rich asset managers and from short-lived poor and minority citizens to rich and majority populations. Retirement planning presents a wealth of complex challenges associated with saving, investing, and decumulation. To address these challenges, Muralidhar provides an innovative Flex MMM reform model that reflects the goals of numerous stakeholders, including, states, employers, employees, asset managers, and regulators, by showing steps the federal and state governments could take to alleviate the guesswork and insecurity involved in the retirement saving process. Muralidhar also demonstrates that the lynchpin for retirement security globally is an innovative new retirement bond (called SeLFIES ) he has jointly developed with Robert C. Merton that governments could easily issue to achieve multiple goals.
Conventional wisdom steeped in outdated financial advice is still common. Experience greater peace of mind from knowing your retirement income plan is optimized and achieving "gamma." Gamma is the measurable increase in your retirement income and can only be achieved through comprehensive holistic retirement planning.
This book engages in detailed discussions on health and wealth management. Inspired by the author's extensive experience in the financial services industry, and by his own health transformation, he has written this book to help people prepare for retirement, and to help retirees improve their lives. Toward those goals, the book explains how to develop healthy habits, maintain good health, and create a solid retirement plan, so that you may enjoy a long, healthy, active, and prosperous retirement.
Retirement is about personal choices and requires a lot of determination and dedication for you to live in comfort in your chosen lifestyle. Personal Wealth Management and Retirement will let you live your retirement on your terms. Personal Wealth Management and Retirement is about retirement, investing, and estate planning. You will learn how to take control of your retirement and produce spectacular returns on your investments. Using four core-investing principles you will be able to: * Protect your assets against drops in the stock market * Grow your nest egg to outpace inflation * Eliminate commissions and fees and keep that money for yourself * Minimize or eliminate taxes on your nest egg * Use the power of compounding to accumulate wealth. Take control of your future, keep the money your investments earn and you will be well on your way to a comfortable and enjoyable retirement.
"A startling new philosophy and practical guide to getting the most out of your money-and out of life-for those who value memorable experiences as much as their earnings"--
Tailoring retirement for successful business leaders Traditional retirement planning fails to meet the needs of wealthy baby boomers, particularly those who are business leaders. There is no “one size fits all” answer. Wealth Regeneration at Retirement: Planning for a Lifetime of Leadership presents an alternative – one that acts more like a GPS. The authors, Kaycee Krysty and Bob Moser, leaders of the highly regarded Seattle-based wealth management firm, Laird Norton Tyee, use a proprietary discipline, Wealth Regeneration®, to calculate the route to retirement and beyond for those at the top. The authors challenge successful boomers to redefine retirement on their own terms. They outline a process to create a sustainable plan to achieve retirement objectives. Their years of experience in counseling CEO’s and business founders through transitions is reflected throughout. For many successful boomers, the answer to the prospect of retirement has been, “I’d rather not.” Yet change is inevitable. Wealth Regeneration at Retirement provides a thoughtful and thorough way for leaders to move onward. Describing Wealth Regeneration in a digestible, actionable format, the book provides the framework, tools, and techniques that successful baby boomers and their advisors need to incorporate this innovative approach for a lifetime of leadership and legacy. Packed with learning aids, including graphics, diagrams, worksheets and exercises, the book helps readers build a unique life plan that is about more than simply retirement. The book includes: A proprietary approach to retirement planning that changes seamlessly when times and circumstances change A four component methodology - Where You Are; What You Want; What to Do; and Make it Happen – to ensure continuous feedback, accountability, and measurement of lifetime goals Retirement planning expertise from wealth management firm Laird Norton Tyee Wealth Regeneration at Retirement: Planning for a Lifetime of Leadership is artfully illustrated and filled with practical advice for wealthy baby boomers and the financial advisors they rely on. It explains exactly how to build a personalized and sustainable plan for retirement no matter where life may lead.
