Million Is Not Enough : How to Retire with the Money You'll Need

by Farr, Michael; Brozek, Gary; O'Rourke, P.J.

• ISBN13: 9780446582230
• ISBN10: 0446582239
• Format: Hardcover
• Copyright: 2008-03-05
• Publisher: Grand Central Publishing

Summary

Will you have over $1 million ready for your retirement? If the answer is no, and this figure sounds totally out of reach, think again. A million dollars isn't what it used to be. The truth is that Baby Boomers, who have enjoyed more abundance and pleasures than any previous generation, need more than a million dollars for a comfortable retirement. And you can achieve this-even if you don't already have a net worth close to a million dollars-by starting now. In A MILLION IS NOT ENOUGH, Michael Farr, one of America 's leading financial strategists, shows you that this goal can absolutely be accomplished-no matter what your income bracket. Farr has decades of experience as an investment strategist advising thousands of clients. With this inside information he provides a step-by-step program that includes: STEP 1: Save it...the 25 simple things you can do todayto save an extra $300-$500 a month STEP 2: Invest it...the techniques allof us can use to demystify investing STEP 3: Personalize it...investment strategies for readers in their thirties, forties, and fifties STEP 4: Manage and protect it...how to keep investments safe in volatile markets STEP 5: Pass it on...creating a legacy for the future This strategy is ambitious, but Michael Farr shows you how painless it can be. Whether you're thirty-five, forty-five, or fifty-five; getting a head start, starting on time, or playing catch-up, A MILLION IS NOT ENOUGH can help you establish the financial security you reallyneed for your retirement years.

Author Biography

Michael K. Farr is president and majority owner of Farr, Miller & Washington, LLC. As a leading financial analyst and strategist, Mr. Farr's commentary can be heard on Associated Press Radio, Bloomberg Radio, and National Public Radio. He is quoted regularly in the Wall Street Journal, Forbes, Bloomberg, Reuters, and the Nightly Business Report. Mr. Farr is currently a regular guest host on CNBC's Squawk Box and was a long-time recurring panelist on PBS' Wall $treet Week with Fortune.

Table of Contents

Foreword	p. xi
Introduction: A Million Dollars Isn't What It Used to Be!	p. 3
The Million-Dollar Mind-Set Understanding the Mission	p. 11
This Is Not Our Parents' Retirement: Why Boomers Are Reinventing How We Will Fund Our Golden Years	p. 13
What Do You Want Out of Retirement?: Imagining Your Future	p. 35
The Million-Dollar Groundwork Prepare to Invest Wisely and Well	p. 53
Evaluate It: Knowing Where You Stand Today	p. 55
Save It: Allocate More Money for Investing	p. 80
Understand It: How Your Risk Tolerance and Return Needs Shape Your Portfolio	p. 118
The Million-Dollar Maneuvers Building a Healthy Portfolio	p. 151
Build It, Part One: Investment Plans for Core Boomers, Tail End Boomers, and Neo-Boomers	p. 153
Build It, Part Two: Analyzing Real-Life Investment Scenarios	p. 178
Manage It: Monitor and Protect Your Investments Using Farr's Rules	p. 223
Pass It On: Creating a Financial Legacy for Your Family	p. 250
Review It: A Look Back and to the Future	p. 266
Resources	p. 271
Index	p. 273
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