The numerical and emotional aspects of planning for retirement
This hands-on resource demystifies financial planning by giving the Enough number: an exact figure specific to personal goals, which can be a target number to aim for in retirement. It shows what changes will help to achieve the number, and offers an understanding of hidden motivations when it comes to spending money. It also provides an overview of the multitudes of investments available and provides conservative guidelines that will help make money, save taxes, and sleep at night.
* Offers a clear understanding of the different attitudes toward money and includes strategies to achieve goals
* Includes the tools needed to save for later and enjoy rewards today
* Contains a method for tracking money to help get your finances where you want them to be
* Covers the details of what it takes to work effectively with a financial advisor
* Written by Diane Mc Curdy, a noted financial planner, speaker, author, and founder of Mc Curdy Financial Planning
This hands-on guide walks you through a proven program that is designed to keep you on the right track to financial success.
विषयसूची
Preface to the Third Edition ix
Acknowledgements xiii
Introduction xvii
PART ONE: WHAT IS ENOUGH?
Chapter 1: Your Money and Your Life 3
How Did You Score? 8
Two Attitudes, One Family 15
Money Myths 17
Chapter 2: Where It Goes 21
Tracking Your Cash Flow 22
Chapter 3: What You Want 37
What Do You Want, Anyway? 38
Wish List Favourites 45
Yearly Goals 49
Chapter 4: What’s Enough for You 55
The Magic Number 55
Crunching the Numbers 56
What Your Enough Number Means 72
PART TWO: GETTING ENOUGH
Chapter 5: Getting on Track 77
Needs vs. Wants 78
Budgeting–I’ll Try to Be Gentle 81
Chapter 6: Finding Financial Advice 95
Finding a Good Financial Advisor 96
Trust, Two Ways 98
Your Risk Profi le 104
Chapter 7: How to Make Your Money Grow 109
Loaners 110
Owners 115
Owner Investments: The Basics 119
Some Rules for Investing 134
Chapter 8: Registered Plans 137
Registered Retirement Savings Plans 138
Registered Education Savings Plans (RESPs) 148
Tax-Free Savings Accounts (TFSAs) 152
Saving Outside the Government Plans 157
Chapter 9: Ages and Stages 161
Age 20-35 161
Age 35-50 170
Age 50-65 Plus 172
Chapter 10: Family Finances 183
Teaching Kids the Value of Money 183
The Money Challenge 184
Chapter 11: I’ve Got Enough (Now What?) 193
A Changing Concept of Retirement 194
Retirement: The Financial Side 203
Chapter 12: Estate Planning 227
What Happens if I Don’t Have a Will? 228
Laying the Groundwork 231
What Happens to My Business? 240
How Do I Choose My Executor? 243
How to Save Tax and Probate on Your Estate 244
Chapter 13: Tips and Thoughts to Make It Work 245
Twenty Thoughts to Help You Stay on Track 246
Twenty Tips to Help You Save Money 247
Appendix: Financial Planning Professional Designations 249
Index 251
About the Author 261
लेखक के बारे में
Diane Mc Curdy, CFP, is the founder of Mc Curdy Financial Planning Inc., an established and respected firm that services clients from all walks of life. An active writer, educator, speaker and advisor, Diane is recognized internationally in her industry and in the media. She is also a real estate investor and a member of the Million Dollar Round Table.
एक ही लेखक से अधिक ईबुक / संपादक
1,224 इस श्रेणी में ईबुक
