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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.
Introduction | p. ix |
The Life Calculator Online Program | p. xiv |
Acknowledgments | p. xv |
Meet Your Neighbors | p. 1 |
Moving Up to Millions | p. 5 |
You, Too, Can Be a Millionaire! | p. 6 |
Not All Millionaires Are Equal | p. 8 |
Do You Really Need a Million Dollars? | p. 13 |
The Four Rules of Making Millions | p. 16 |
Threats to Millionaire Status | p. 23 |
Why Your Life Cycle Is Not Like Your Parents' | p. 24 |
It's More Than Just a Number, It's a Life Plan | p. 36 |
The "Number" | p. 36 |
Let's Get Started-Becoming Your Own Financial Advisor | p. 38 |
Click Your Way to Personal Wealth | p. 41 |
The Three Es of Financial Planning | p. 42 |
Power Your Future: The Life Calculator Is Your Personal Financial Advisor | p. 43 |
How to Start | p. 47 |
What the Life Calculator Will Show You | p. 48 |
Identify Your Optimum Future | p. 49 |
LifeCalculator.Net | p. 49 |
Ten Guiding Principles | p. 51 |
Calculating Your Odds of Disaster and Preparing for Life Changes | p. 55 |
The Dirty Dozen Adverse Events | p. 55 |
Adverse Events Planning | p. 56 |
Potential Windfalls | p. 68 |
Your Best-Case Scenario-Is It Enough? | p. 69 |
Optimum Strategies for Getting from Here to There | p. 70 |
It's a Blur between Work and Play | p. 73 |
Say Hello to Phased Careers and Delayed Retirement | p. 73 |
Working to 70 and Beyond | p. 75 |
Targeting Growth Industries | p. 78 |
What Industry Sectors Show Promising | |
Job Growth? | p. 80 |
Benefit-Rich Industries | p. 82 |
Flexible Careers | p. 84 |
Enhancing Your Skills | p. 87 |
Home Is More than the Place You Live | p. 89 |
Too Much Housing-A Risky Bet? | p. 89 |
Timing the Market: Cashing Out at the Peak | p. 92 |
Sometimes It Pays to Be a Renter in a Mobile Society | p. 95 |
New Kind of Commune: This Time You Want to Belong | p. 97 |
Assisted Living: What's Likely to Happen? | p. 99 |
Bringing Your Parents Home | p. 101 |
Your Home Can Stay in the Family | p. 102 |
Berlitz Crash Course: Retiring Abroad | p. 105 |
Tax-Friendly States Beckon | p. 107 |
Living Where You Want: Connecting to Where You Need to Be | p. 109 |
Insurance: Protecting Against Downside Exposure | p. 111 |
You're on Your Own-Employers AWOL on Healthcare Insurance | p. 111 |
Long-term Care Insurance-The Best Investment You'll Make | p. 116 |
Disability Insurance-More Important than You Realize | p. 121 |
Anti-aging Science and Virtual Medicine | p. 122 |
Life Insurance You May Outlive-or Sell for Cash | p. 123 |
Longevity Insurance | p. 126 |
Estate Planning: Taking Care of Those You Care About | p. 128 |
Meet the Forties and the Fifties: Fearless and Fantastic Years | p. 131 |
Forties Decade: Child Rearing and Career Advancement | p. 131 |
Forties Profiles | p. 132 |
Fifties Decade: Maximum Earnings and Retirement Savings | p. 144 |
Fifties Profiles | p. 145 |
Join the Sixties and Seventies: A Successful and Safe Life | p. 155 |
Sixties Decade: Transitioning into a Second Career | p. 155 |
Sixties Profiles | p. 157 |
Seventies Decade: A Time of Enjoyment | p. 162 |
Seventies Profiles | p. 162 |
Endnotes | p. 171 |
Index | p. 183 |
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