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9780470131817

Moving Up to Millions The Life Calculator Guide to Wealth

by
  • ISBN13:

    9780470131817

  • ISBN10:

    0470131810

  • Edition: 1st
  • Format: Hardcover
  • Copyright: 2007-08-31
  • Publisher: Wiley

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Summary

Better ways to progress down the path to a secure financial futureInMoving Up to Millions: The Life Calculator Guide to Wealth financial guru and former California State Controller Kathleen Connell outlines a dynamic and digitally accessible interactive approach to securing anyone's financial future. It contains practical advice on overcoming life's adverse financial events as well as a winning game plan that can be instantly updated for these uncertain times. It also includes a sophisticated, yet easy-to-use financial calculator that enables readers to create an unlimited number of personalized, real-time "what if" scenarios and calculate their optimal financial plan.Aimed at readers in their peak earning years to those a few years away from retirement, this book offers both profiles of individuals and families who address financial challenges and reposition their careers and personal lifestyles to redeem their finances, as well as the actionable tips they follow on the road to financial freedom. A digital platform encourages readers to access weekly on-line expert panels and blog sites where they can interact with the author and access extensive web references for further education.Kathleen Connell Washington, D.C is currently President of the Connell Group, an investment advisory firm located in Washington, D.C. and teaches International Finance at the U.C. Berkeley Haas Graduate School of Business and at the Georgetown University McDonough Graduate School of Business. Dr. Connell has twenty-five years of experience in the field of finance and served as a trustee for CalPERS and CalSTRS for eight years, which together comprise the largest pool of retirement assets in the world.

Author Biography

Kathleen Connell is currently President of the Connell Group, an investment advisory firm located in Washington, DC. She also teaches international finance and corporate goverance at the UC Berkeley Haas Graduate School of Business. Dr. Connell has twenty-five years of experience in the field of finance and served as a trustee for CalPERS and CalSTRS for eight years, which together comprise the largest pool of retirement assets in the world. She was recently honored by SmartMoney magazine as one of the thirty smartest people in investing.

Table of Contents

Introductionp. ix
The Life Calculator Online Programp. xiv
Acknowledgmentsp. xv
Meet Your Neighborsp. 1
Moving Up to Millionsp. 5
You, Too, Can Be a Millionaire!p. 6
Not All Millionaires Are Equalp. 8
Do You Really Need a Million Dollars?p. 13
The Four Rules of Making Millionsp. 16
Threats to Millionaire Statusp. 23
Why Your Life Cycle Is Not Like Your Parents'p. 24
It's More Than Just a Number, It's a Life Planp. 36
The "Number"p. 36
Let's Get Started-Becoming Your Own Financial Advisorp. 38
Click Your Way to Personal Wealthp. 41
The Three Es of Financial Planningp. 42
Power Your Future: The Life Calculator Is Your Personal Financial Advisorp. 43
How to Startp. 47
What the Life Calculator Will Show Youp. 48
Identify Your Optimum Futurep. 49
LifeCalculator.Netp. 49
Ten Guiding Principlesp. 51
Calculating Your Odds of Disaster and Preparing for Life Changesp. 55
The Dirty Dozen Adverse Eventsp. 55
Adverse Events Planningp. 56
Potential Windfallsp. 68
Your Best-Case Scenario-Is It Enough?p. 69
Optimum Strategies for Getting from Here to Therep. 70
It's a Blur between Work and Playp. 73
Say Hello to Phased Careers and Delayed Retirementp. 73
Working to 70 and Beyondp. 75
Targeting Growth Industriesp. 78
What Industry Sectors Show Promising
Job Growth?p. 80
Benefit-Rich Industriesp. 82
Flexible Careersp. 84
Enhancing Your Skillsp. 87
Home Is More than the Place You Livep. 89
Too Much Housing-A Risky Bet?p. 89
Timing the Market: Cashing Out at the Peakp. 92
Sometimes It Pays to Be a Renter in a Mobile Societyp. 95
New Kind of Commune: This Time You Want to Belongp. 97
Assisted Living: What's Likely to Happen?p. 99
Bringing Your Parents Homep. 101
Your Home Can Stay in the Familyp. 102
Berlitz Crash Course: Retiring Abroadp. 105
Tax-Friendly States Beckonp. 107
Living Where You Want: Connecting to Where You Need to Bep. 109
Insurance: Protecting Against Downside Exposurep. 111
You're on Your Own-Employers AWOL on Healthcare Insurancep. 111
Long-term Care Insurance-The Best Investment You'll Makep. 116
Disability Insurance-More Important than You Realizep. 121
Anti-aging Science and Virtual Medicinep. 122
Life Insurance You May Outlive-or Sell for Cashp. 123
Longevity Insurancep. 126
Estate Planning: Taking Care of Those You Care Aboutp. 128
Meet the Forties and the Fifties: Fearless and Fantastic Yearsp. 131
Forties Decade: Child Rearing and Career Advancementp. 131
Forties Profilesp. 132
Fifties Decade: Maximum Earnings and Retirement Savingsp. 144
Fifties Profilesp. 145
Join the Sixties and Seventies: A Successful and Safe Lifep. 155
Sixties Decade: Transitioning into a Second Careerp. 155
Sixties Profilesp. 157
Seventies Decade: A Time of Enjoymentp. 162
Seventies Profilesp. 162
Endnotesp. 171
Indexp. 183
Table of Contents provided by Ingram. All Rights Reserved.

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