Independently Wealthy: How to Build Financial Security in the New Economic Era - Couverture rigide

Goodman, Robert

Couverture rigide

ISBN 10 : 0471155527 ISBN 13 : 9780471155522

Editeur : John Wiley & Sons Inc, 1996

Synopsis

Many leading investment professionals believe that the strategies and methods used to build wealth will not work in the coming decades as the socio-economic and political climate of the global economy in general has changed drastically. Traditional wealth-building techniques such as real estate and standard stock and bond investments may not now work effectively for retirement saving and tax-reduction purposes. Cutting-edge investment planners are now concentrating on new strategies that individual investors can implement in preparation for the coming economic and political changes. This work explains how the economy and political landscape is changing and how these changes may affect individuals saving for retirement, college tuition and those investing to reduce tax exposure. It presents 10 easy-to-follow steps for outlining an investment and savings plan for anyone interested in saving with discretionary income.

A propos du livre

Quatrième de couverture

The rules for planning a financially secure future are changing. In Independently Wealthy, Robert Goodman, P.h.D., one of the mutual fund industry′s foremost economic commentators, asserts that a new economic era is upon us and the national debate on the sweeping changes it will bring has already begun. As this transformation takes root within the tax system and seriously scales back federal retirement income and health–care programs, Uncle Sam will cease to be the major provider, forcing Americans to find alternative ways to provide their own financial security.

Unless you take the right steps today, Putnam Investments′ senior economic advisor tells his audiences all over the country, you may face a bleak financial future. Now, in Independently Wealthy, Dr. Goodman has put his compelling message into print. In the same down–to–earth, no–nonsense style he uses in person, he tells you why you must take control of your own financial future: no one else is going to do it for you.

Rather than viewing these trends darkly, Dr. Goodman sees them as opportunities. The good news, he says, is that while the government will end or sharply reduce current programs, employers are increasingly shifting from defined–benefit pension plans to such programs as 401(k) and profit–sharing plans that allow employees to make their own decisions about how much to invest and where to invest it. This will give you control over your own financial destiny.

In Independently Wealthy, Dr. Goodman reviews the economic and political events leading to today′s situation. Then he outlines the future′s challenges. With that discussion as background, he tells you how much wealth you must accumulate to become financially independent (it may be more than you expected). In addition, he shows you some ways, by which you can achieve the goal (the task may be less formidable than you think).

Dr. Goodman tells you why in these increasingly complex times you need a financial advisor and tells you how to find the right one. He explains the importance of a rock–solid financial plan and provides some time–tested strategies for executing one. Finally, he gives you ten rules to follow as you work your way toward financial independence.

Dear Fellow Member Owner.

This book is a practical guide that can assist you and your family in your personal investment and retirement planning.

The HON Company sponsors two major plans to help you accumulate funds for your investment and retirement planning. We receive stock through the HON Members Company Ownership Plan (ESOP), and we can also purchase HON stock on favorable terms through the Members Stock Purchase Plan. In addition, all non–bargaining unit Members are eligible for HON INDUSTRIES Inc. Profit–Sharing Retirement Plan.

Hopefully, this book will give you a better understanding of our country′s economic conditions and help you to make sound decisions about investment and retirement planning to prepare for your financial future.

Sincerely,

George Koenigsaecker

President

The HON Company

Présentation de l'éditeur

Forget all about the methods your parents used to gain financial security. They don′t work anymore. Now the senior economic advisor of Putnam Investments reveals the new road to prosperity.

Millions of baby boomers are facing the music. What worked for their parents is not going to work for them. The old investment vehicles from real estate to stocks and bonds no longer bear the promise they once did. This coupled with changes in the political and economic landscape and the almost certain disappearance of Social Security, Medicare, and other classic entitlements before most reach retirement age add up to a generation that has been numbed with statistics about how much they lag behind their predecessors.

But thanks to this book and the inside information of Robert Goodman, managing director of the prestigious and wildly profitable Putnam Fund, that doesn′t need to be the case. It is still possible to expand wealth, no matter what the size of your nest egg.

Whether your financial goal is a new home, junior′s education, or simply a comfortable retirement, Independently Wealthy provides you with a road map for navigating the new economic landscape and achieving financial security in the years ahead. Bob Goodman clearly describes how the political, economic, and financial worlds interact and teaches you how to recognize emerging trends and take advantage of them.

He gives you a solid grounding in the basics of wealth building and reveals which invesment vehicles are most likely to provide the greatest returns in the coming years. Goodman also shows you how to avoid the mistakes most savers and investors make, and perhaps most importantly, provides an easy–to–follow, 10–step program for building a financial plan that works for you. Independently Wealthy draws on a vast pool of investment experience and resources. The Putnam Fund:

• Manages more than 4 million shareholder accounts and more than 527 institutional portfolios for clients worldwide
• Currently has more than $101 billion in assets under management
• Trades $200 million worth of stock in approximately 150 countries

ROBERT GOODMAN, PhD (Boston, Massachusetts) is Managing Director and Senior Economic Advisor at Putnam Investments. He regularly appears on CNN and CNBC.

This practical and easy–to–understand guide to today′s investment terrain provides ten basic rules for anyone who want to start saving for the future in hope of securing their financial independence.

"A terrific first step to financial prosperity." Bill Griffeth, CNBC–TV Anchor.

Détails de l'édition

• Éditeur: John Wiley & Sons Inc
• Date d'édition: 1996
• Langue: anglais
• ISBN 10: 0471155527
• ISBN 13: 9780471155522
• Reliure: Relié
• Nombre de pages: 224
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible