Table of Contents

	Preface	p. xv
	Introduction: Can You Retire?	p. 1
	Retro-Retirement
	The Savage Number	p. 7
	Shaping Retirement Reality	p. 9
	Avoiding Generation Warfare	p. 12
	Hoping for a Miracle?	p. 14
	You're Not Alone	p. 15
	The Likely Solution: Retro-Retirement	p. 17
	The Starting Point	p. 18
	Time Is Money	p. 19
	Consuming Time and Money	p. 21
	Running Out of Time	p. 22
	What's Your Time Worth?	p. 23
	The Time Value of Money	p. 24
	How to Avoid Wasting Time (and Money)	p. 25
	The 10 Key Questions	p. 27
	How Long Will I Live?	p. 29
	What Will Inflation Do to the Value of My Savings?	p. 30
	How Can I Save Enough?	p. 31
	How Should I Invest the Money I've Saved for Retirement?	p. 32
	How Much Will I Spend to Live in Retirement?	p. 33
	How Much Can I Withdraw Each Month without Running Out of Money?	p. 34
	What's the Biggest Danger to My Retirement Plans?	p. 35
	How Can I Earn Money during Retirement?	p. 36
	How Can I Retain Control of My Financial Life?	p. 37
	What If I Have Money Left Over When I Die?	p. 38
	Getting the Answers	p. 39
	Getting Your "Ballpark Estimate"	p. 40
	Monte Carlo Your Money
	The Savage Answer: Monte Carlo Modeling	p. 45
	Monte Carlo Modeling: How It Works	p. 46
	Beware of Averages	p. 48
	Monte Carlo Modeling and Retirement Planning	p. 52
	Monte Carlo and You	p. 56
	Do-It-Yourself Monte Carlo: ToolsforMoney.com	p. 58
	Saving Up, Drawing Down	p. 59
	Accumulation Phase	p. 61
	Withdrawal Phase	p. 63
	The Right Balance	p. 64
	Seven Best Ways to Save for Retirement	p. 65
	Getting It All Together	p. 69
	Online, on Paper, on Your Computer	p. 71
	Free Online Money Management	p. 72
	The Basics: Paying Bills Online	p. 74
	Organizing Your Online Financial Life	p. 76
	A Credit Checkup	p. 78
	Portfolio Tracking	p. 79
	Quicken	p. 80
	Morningstar	p. 81
	Moving Beyond Tracking-to Advice	p. 85
	Resources for Getting It Together	p. 85
	A Road Map to Monte Carlo	p. 87
	The Best Routes	p. 90
	Financial Engines	p. 91
	Morningstar Asset Allocator	p. 93
	T. Rowe Price	p. 94
	Fidelity	p. 95
	Vanguard	p. 96
	Financial Planners	p. 98
	Arriving in Monte Carlo	p. 99
	Choosing a Financial Adviser	p. 100
	Investing for Retirement
	Stocks, Bonds, and Chicken Money	p. 105
	Realistic Stock Market Expectations	p. 108
	Stock Market Returns-Then and Now	p. 109
	Historic Returns-The Big Picture	p. 110
	Long Term-Do You Have 20 Years?	p. 112
	Persuasive Perspective	p. 113
	Opportunity of a Lifetime?	p. 114
	What to Expect-The Next 20 Years	p. 116
	Understanding Bonds	p. 119
	How You Can Lose Money in Bonds	p. 120
	The Advantage of Bond Funds	p. 121
	Total Return, Total Risk	p. 122
	Stocks versus Bonds-An Alternative?	p. 125
	Keep Your Nest Eggs Safe with Chicken Money	p. 125
	Chicken Money Investments	p. 126
	Chicken Money and Risk	p. 128
	A Minute on Mutual Funds	p. 128
	Resources for Stocks, Bonds, and Chicken Money	p. 130
	Beyond the Basics	p. 133
	Exchange-Traded Funds	p. 135
	Real Estate Investment Trusts	p. 137
	Gold and Natural Resources	p. 138
	The U.S. Dollar	p. 140
	Options	p. 141
	Futures	p. 142
	Hedge Funds	p. 144
	Resources for Investing	p. 146
	One-Step Retirement Investing	p. 149
	Buying the Whole Market	p. 151
	Index Mutual Funds	p. 151
	Exchange-Traded Funds: Spiders	p. 152
	Futures: E-mini S&P 500	p. 152
	Retirement Investing Made Easy: Targeted Retirement Funds	p. 153
	How Targeted Retirement Funds Work	p. 154
	Comparing the Companies	p. 155
	Starting Small-No Excuses!	p. 157
	U.S. Global Funds-ABC Plan	p. 158
	ShareBuilder	p. 158
	Make the Call	p. 159
	Streams of Retirement Income
	Where Will the Money Come From?	p. 163
	The Balancing Act: Income versus Principal	p. 165
	Gainful Employment in Retirement	p. 166
	Withdrawals from Retirement Accounts	p. 168
	Where and When to Withdraw	p. 168
	Required Minimum Distributions and Required Beginning Date	p. 170
	Getting It Right	p. 171
	Generating Income from Your Portfolio	p. 172
	Laddering: A Bond Strategy for Retirement	p. 172
	Covered Call Writing to Add Investment Income	p. 173
	Income Resources	p. 175
	Annuities for Income and Tax-Deferred Growth	p. 177
	Immediate Annuities	p. 179
	Tax-Deferred Annuities	p. 181
	Fixed-Rate Tax-Deferred Annuities	p. 182
	Variable Tax-Deferred Annuities	p. 182
	The Latest Annuity Products	p. 183
	Guaranteed Minimum Income Benefits	p. 183
	Equity-Indexed Annuities: A Warning	p. 186
	Tax-Deferred Annuity Withdrawals	p. 188
	Tax-Deferred Annuity Exchanges	p. 188
	Your IRA Inside an Annuity?	p. 189
	Annuities: The Real Risk Factor	p. 190
	Annuity Information and Pricing	p. 191
	Social Security and Medicare	p. 193
	Social In-Security	p. 194
	How Much Can You Expect?	p. 196
	How Much Can You Earn?	p. 198
	How to Apply for Benefits	p. 199
	Medicare	p. 200
	Medicare Enrollment	p. 200
	How Medicare Works	p. 201
	Medicare Supplement Policies	p. 202
	Medicare Prescription Coverage-Part D	p. 203
	A Final Thought about Social Security and Medicare	p. 204
	Government Benefit Resources	p. 204
	How to Turn Your Home into Your Pension	p. 205
	Reverse Mortgages	p. 206
	Reverse Mortgage for Income	p. 207
	Reverse Mortgage for Purchase	p. 209
	More Income from Your House Using Trusts	p. 210
	Installment Sale	p. 210
	Private Annuity Trust	p. 211
	Reverse Mortgage Resources	p. 213
	Long-Term Care: The Greatest Risk of All
	Long-Term Care Insurance: Who Needs It?	p. 217
	The Government's Role in Long-Term Care	p. 219
	Insurance for Your Retirement	p. 222
	Our Parents, Ourselves	p. 223
	Long-Term Care Insurance: A Woman's Issue	p. 224
	What If You Don't Use It?	p. 225
	Why You Shouldn't Procrastinate!	p. 226
	Long-Term Care-The Facts	p. 227
	How to Understand Long-Term Care Coverage	p. 229
	Rising Demand, Soaring Costs	p. 231
	When to Buy? While You Can!	p. 232
	How Do I Use My Policy?	p. 234
	What Should My Long-Term Care Policy Cover?	p. 235
	Elimination Period	p. 235
	Daily or Monthly Benefit	p. 236
	Length of Benefit	p. 236
	Inflation Protection	p. 237
	Reimbursement Policy	p. 237
	Guarantee Period	p. 238
	Spousal Discounts	p. 239
	Intergenerational Transfers	p. 239
	Care Coordinators	p. 240
	Optional Riders	p. 240
	Partnership Programs	p. 241
	International Coverage	p. 242
	Key Elements of a Long-Term Care Insurance Policy	p. 242
	Buying Your Long-Term Care Policy	p. 243
	Which Insurance Company Should You Choose?	p. 244
	What Should It Cost?	p. 245
	10-Pay: Controlling Price Risk	p. 246
	Long-Term Care Policies and Income Taxes	p. 247
	Paying for Long-Term Care with Life Insurance and Annuities	p. 248
	Acceleration Riders	p. 249
	Blended Life Insurance Policies	p. 249
	Blended Annuities	p. 250
	Employee Group Long-Term Care Policies	p. 251
	The Federal Long-Term Care Insurance Program	p. 252
	Long-Term Care Insurance from Affinity Programs	p. 252
	A Final Argument: The Cost of Not Having Long-Term Care Insurance	p. 253
	Resources for Purchasing Long-Term Care Insurance	p. 254
	Estate Planning: The Price of Success
	What's Left?	p. 259
	What Could Happen?	p. 261
	What Is Your Estate?	p. 263
	What Are Estate Taxes?	p. 263
	What Is Probate?	p. 264
	What Is a Revocable Living Trust?	p. 265
	Health-Care Power of Attorney	p. 266
	Living Will	p. 266
	Durable Power of Attorney	p. 267
	Naming Retirement Plan Beneficiaries	p. 267
	Your 401(k) Plan Beneficiary	p. 268
	Your IRA Beneficiary	p. 269
	What Else Should You Consider?	p. 271
	Guardianship of Children	p. 271
	Bequests to Minor Children	p. 271
	Trusts for Disabled Adult Children	p. 271
	Division of a Business	p. 272
	Moving Assets Out of Your Estate	p. 272
	529 College Savings Plans to Avoid Estate Taxes	p. 273
	Reverse Mortgage to Fund Life Insurance Outside the Estate	p. 273
	Life Insurance and Your Estate	p. 274
	What Kind of Life Insurance Do You Need?	p. 274
	Keep Life Insurance Outside Your Estate	p. 275
	Changing Policies	p. 276
	Spouses and Estate Planning	p. 276
	Choosing an Estate Planner	p. 278
	Estate Planning Checklist	p. 279
	Conclusion	p. 281
	Acknowledgments	p. 283
	Index	p. 287