Two for the Money The Sensible Plan for Making It All Work

by Murray, Jonathan; Murray, David; Alexander, Max

• ISBN13: 9780786717873
• ISBN10: 0786717874
• Format: Hardcover
• Copyright: 2006-05-15
• Publisher: Da Capo Lifelong Books

Summary

Today, a Baby Boomer will turn fifty every eight seconds. Chances are they have school-age children and aging parents, with only 250 paychecks left until their sixtieth birthday and the onset of their own retirement years. So, how does the generation that truly has it all take care of everyone's needs and still have something left at the end? From fixing your 401k before it's too late to avoiding the investment "landmine" to dealing with the rising cost of healthcare to hiring a financial advisor, Two for the Money lends invaluable counsel. As seen on the Today Show, financial experts Jonathan and David Murray are professional investment advisors who have spent their careers successfully guiding Boomers through the financial shoals peculiar to their generation. Here, they give their viewers and readers a comprehensive, step-by-step, easy-to-use guide for emerging from the earning years to finding oneself in a financially healthy state.

Author Biography

David Murray is Managing Director, Wealth Management, for the Private Bank in Bloomfield Hills, Michigan. A graduate of Dickinson College, he has also attended the University of Lancaster, in England. He lives in Birmingham, Michigan with his wife and their three children.

Jonathan Murray is a senior vice president of investments for a New York Stock Exchange firm. A lecturer at Johns Hopkins University, the University of Maryland, and Loyola College, he graduated from Dickinson College, where he has served as a trustee and Chairman of the Finance Committee. Jonathan can be heard daily on WBAL radio in Baltimore, discussing what happened on Wall Street and what it means for investors. He lives in the Pinehurst community of Baltimore with his wife and their two sons.

Max Alexander, a former editor at Variety and People magazine, writes frequently on personal finance for Reader's Digest and other publications. He lives in Maine with his family and writes a blog on food and simple living at his website, www.farawaymaine.com. He is the author of Man Bites Log: The Unlikely Adventures of a City Guy in the Woods.

Table of Contents

Acknowledgments	ix
Preface	xi
Introduction	xv
Chapter One: How Much Is Enough?	1	(26)
Chapter Two: Getting Organized	27	(12)
Chapter Three: Build a Budget, Find the Free Money, and Get Out of Debt	39	(32)
Chapter Four: Saving More Money Starting Now!	71	(20)
Chapter Five: How to Get Rich the Prudent Way	91	(56)
Chapter Six: Twins' Tips for Successful Investing	147	(26)
Chapter Seven: The New Retirement	173	(36)
Chapter Eight: The Heart of the Matter: Finance for Couples	209	(32)
Chapter Nine: Kids and Money	241	(38)
Chapter Ten: Taking Care of Your Aging Parents	279	(24)
Chapter Eleven: It's About Your Life	303