E-Book Overview
An accessible guide that outlines the key elements of an effective financial planFrom Larry Swedroe, the author of the bestselling series of "The Only Guide" investment books, with Kevin Grogan and Tiya Lim comes a step-by-step handbook that shows you how to develop a winning personal investment strategy and reveals what it takes to make that strategy part of your overall financial plan. The Only Guide You'll Ever Need for the Right Financial Plan focuses on the "art" of investing and gives you the information you need to create a strategy that is tailor-made for your particular situation.Designed for savvy investors and professional advisors, this book offers the vital information needed for developing and implementing an overall strategic financial plan. In this essential resource, Swedroe outlines the basics in asset allocation and other investment planning concepts.Addresses how you can design an investment policy statement and an individual asset allocation planExamines how to maintain your portfolio's risk profile in the most cost-effective and tax-efficient mannerOffers insights on integrating risk management and estate planning issues into your planThe Only Guide You'll Ever Need for the Right Financial Plan offers a handy tool to help you make more informed and prudent decisions that will go a long way to ensure a secure financial future.
E-Book Content
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Additional Praise for The Only Guide You’ll Ever Need for the Right Financial Plan “Larry Swedroe has given us an experienced and research-based treatment with examples of what should enter into the design and implementation of an investment strategy. The book includes a wide range of alternative investments and savings related plans that should prove to be beneficial to individuals and to their financial advisors.” —John A. Haslem, Professor Emeritus of Finance, Robert H. Smith School of Business, University of Maryland Mutual funds researcher and author of Mutual Funds “The Only Guide You’ll Ever Need for the Right Financial Plan may be the best collection of advice on key issues such as when to begin Social Security benefits and how to tax efficiently manage your money during your accumulation and withdrawal phases of life. —Dr. William Reichenstein, CFA, Pat and Thomas R. Powers Chair in Investment Management, Hankamer School of Business, Baylor University “As Larry makes abundantly clear, wise investing is wise only in the context of one’s own unique personal financial situation. If you are an investor who has not considered how your investments fit into your life, you need this book.” —Edward R. Wolfe, Ph.D., Professor of Finance, Western Kentucky University “Larry Swedroe has hit yet another home run with his ninth and newest book.” —W. Scott Simon, J.D., CFP®, AIFA®, Author, The Prudent Investor Act: A Guide to Understanding, Columnist, Morningstar’s Fiduciary Focus
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The Only Guide You’ll Ever Need for the Right Financial Plan
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The Only Guide You’ll Ever Need for the Right Financial Plan M ANAG I NG Y O U R W E A LT H , R IS K, AND IN VE S T M E N T S
Larry E. Swedroe Kevin Grogan and Tiya Lim
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Copyright © 2010 by Larry Swedroe, Kevin Grogan, and Tiya Lim. All rights reserved. Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Cop