{"product_id":"plan-your-prosperity-isbn-9781394318841","title":"Plan Your Prosperity","description":"\u003cp\u003e\u003cb\u003eAn essential roadmap to financial security and independence in retirement\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIn the newly revised second edition of \u003ci\u003ePlan Your Prosperity: The Only Retirement Guide You’ll Ever Need, Starting Now—Whether You’re 22, 52 or 82\u003c\/i\u003e, renowned investment adviser Ken Fisher delivers a practical and insightful new discussion of why all your investing should be done with an eye toward retirement.\u003c\/p\u003e \u003cp\u003eYou’ll learn how to think about investing for retirement and learn to understand key concepts like time horizons, return expectations, and cash flow needs. You’ll discover how to select an appropriate retirement benchmark and how to determine how much you need to save each year to achieve your retirement goal.\u003c\/p\u003e \u003cp\u003eThe book also includes:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eA comprehensive, workable strategy to develop your own retirement investing plan or work with a professional to do that while avoiding common pitfalls\u003c\/li\u003e \u003cli\u003eTechniques for avoiding harmful myths about retirement saving and investing, like complex and expensive annuities and other products\u003c\/li\u003e \u003cli\u003eHands-on strategies for figuring out how much income you need to ensure the maintenance of your lifestyle in retirement\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003ePerfect for working people at any stage of their career who are interested in working toward financial security and independence, \u003ci\u003ePlan Your Prosperity\u003c\/i\u003e is a must-read roadmap to successful investing and saving.\u003c\/p\u003e \u003cp\u003ePreface vii\u003c\/p\u003e \u003cp\u003eAcknowledgments xi\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: What? Me? Retire? 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Imagined Dichotomy 3\u003c\/p\u003e \u003cp\u003eTwo Goals and Some Non-Goals 4\u003c\/p\u003e \u003cp\u003eDefinitions and a Pencil 9\u003c\/p\u003e \u003cp\u003eStart Immediately. Now. Right Away 13\u003c\/p\u003e \u003cp\u003ePlan Your Prosperity 14\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: My Goals Are What? 17\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Is This So Hard? 20\u003c\/p\u003e \u003cp\u003eYour Investing Goals, Simply 24\u003c\/p\u003e \u003cp\u003ePotential Pitfall: Capital Preservation and Growth 27\u003c\/p\u003e \u003cp\u003eInflation’s Insidious Impact 30\u003c\/p\u003e \u003cp\u003eThree-and-a-Half Percent, Compounded 35\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: The Secret Code—Asset Allocation or Benchmark? 39\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBenchmark: A Road Map and Measuring Stick 42\u003c\/p\u003e \u003cp\u003ePicking a Benchmark 45\u003c\/p\u003e \u003cp\u003eThe Big Decision: Asset Allocation 46\u003c\/p\u003e \u003cp\u003ePotential Pitfall: Age Doesn’t Equal Asset Allocation 50\u003c\/p\u003e \u003cp\u003eBenchmark vs. Asset Allocation: What’s the Difference? 52\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: Time Horizon—Longer Than You Think 63\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePotential Pitfall: Ignoring Opportunity Cost 66\u003c\/p\u003e \u003cp\u003eTime Horizon: What Is It? 68\u003c\/p\u003e \u003cp\u003eTime Horizon and Benchmark 72\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: What’s in a Return? 79\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGrowth Defined 83\u003c\/p\u003e \u003cp\u003eThe Past as a Guide? 87\u003c\/p\u003e \u003cp\u003eGordon Moore and Endless Innovation 97\u003c\/p\u003e \u003cp\u003ePotential Pitfall: Unrealistic Expectations 100\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: Getting That Cash Flow 105\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePotential Pitfall: The All High-Dividend Portfolio 108\u003c\/p\u003e \u003cp\u003eHow Much Do You Need? 111\u003c\/p\u003e \u003cp\u003eMonte Carlo: Not Just a Casino 116\u003c\/p\u003e \u003cp\u003eLet’s Get Simulating 117\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: Can I Get There? 129\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow Much Do You Have? 132\u003c\/p\u003e \u003cp\u003eA Savings Plan 135\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: Putting It All Together 143\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTo Benchmark or Not to Benchmark 146\u003c\/p\u003e \u003cp\u003eState Your Goals 148\u003c\/p\u003e \u003cp\u003eKnow Where You Are 149\u003c\/p\u003e \u003cp\u003ePicking a Sound Benchmark 150\u003c\/p\u003e \u003cp\u003eFinding Professional Help 153\u003c\/p\u003e \u003cp\u003eAvoid Being a Fraud Victim 155\u003c\/p\u003e \u003cp\u003eAnd You’re Off! 156\u003c\/p\u003e \u003cp\u003eAppendix A: All Hail the Mighty Dow 157\u003c\/p\u003e \u003cp\u003eAppendix B: Cash Flow vs. Expenses 167\u003c\/p\u003e \u003cp\u003eAppendix C: Expense Categories 173\u003c\/p\u003e \u003cp\u003eAppendix D: Personal Balance Sheet 177\u003c\/p\u003e \u003cp\u003eAppendix E: Tax-Efficient Retirement Income Strategies 181\u003c\/p\u003e \u003cp\u003eNotes 187\u003c\/p\u003e \u003cp\u003eAbout the Authors 191\u003c\/p\u003e \u003cp\u003eIndex 193\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eKEN FISHER\u003c\/b\u003e is Founder, Executive Chairman, and Co-Chief Investment Officer of Fisher Investments, a $290-plus billion (as of September 30, 2024) money management firm serving high-net-worth investors and institutions globally. He wrote \u003ci\u003eForbes’ \u003c\/i\u003eprestigious “Portfolio Strategy” column monthly for over 32 years, making him the magazine’s longest continuously running columnist. He now writes monthly, native-language columns for over 25 major outlets worldwide, including \u003ci\u003eThe New York Post,\u003c\/i\u003e the UK’s \u003ci\u003eDaily Telegraph\u003c\/i\u003e and Canada’s \u003ci\u003eGlobe and Mail.\u003c\/i\u003e He is the author of 11 books on investing and personal finance and is a \u003ci\u003eNew York Times \u003c\/i\u003e bestselling author.   \u003c\/p\u003e\u003cp\u003eThink you’re too young to start thinking about retirement? Or that it’s too late for you? Or that “retirement” investing is different from “normal” investing? Think again. \u003c\/p\u003e\u003cp\u003eWhether you’re in retirement, just getting ready to retire now or in 5, 10 or 40 years, the newly revised and updated second edition of \u003ci\u003ePlan Your Prosperity\u003c\/i\u003e arms you with information, expert guidance and tools to help you invest smarter your whole life. In it, bestselling finance author Ken Fisher explains why, for all practical purposes and for most investors, \u003ci\u003eall\u003c\/i\u003e investing should be done with an eye toward retirement—and beyond. \u003c\/p\u003e\u003cp\u003eYou’ll find proven techniques you can use to avoid harmful myths about retirement saving and investing that sink all-too-many investors and jeopardize their prosperity. You’ll also get hands-on strategies to help you simplify and state your goals, uncover how much money you may need to finance them and learn how to build a portfolio that increases the likelihood you reach your goals. \u003c\/p\u003e\u003cp\u003eIn their place, Ken provides straightforward principles to help you increase the odds you achieve your long-term investing goals, like: \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eHow to think correctly about investing time horizon\u003c\/li\u003e \u003cli\u003eThe difference between income and cash flow\u003c\/li\u003e \u003cli\u003eHow to better figure how much cash flow you need and if your portfolio can provide it\u003c\/li\u003e \u003cli\u003eHow to figure how much to save each year to achieve retirement goals\u003c\/li\u003e \u003cli\u003eWhat pitfalls to avoid\u003c\/li\u003e \u003cli\u003eAnd more . . .\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003e\u003ci\u003ePlan Your Prosperity\u003c\/i\u003e delivers the essential tools you need at any step in your investing journey. Whether you are retired now, retiring soon or returning in the far, far future. It’s a must-read roadmap to successful investing and saving.   \u003c\/p\u003e\u003cp\u003e\u003cb\u003eAn essential blueprint for investors seeking financial security and independence\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eThe second edition of \u003ci\u003ePlan Your Prosperity: The Only Retirement Guide You’ll Ever Need, Starting Now—Whether You’re 22, 52 or 82\u003c\/i\u003e, by bestselling author and veteran adviser Ken Fisher, shares the crucial elements in crafting a retirement investing approach for your entire lifetime. \u003c\/p\u003e\u003cp\u003eYou’ll learn how to think about your time horizon, expected returns, cash flows, and other key metrics to help you build a plan that targets your desired lifestyle in retirement. You’ll also discover techniques to help you start building a retirement plan that increases the likelihood you live the retirement you want. And, it offers succinct advice in navigating the disorienting myths and pitfalls many fall prey to along their investing journey. \u003c\/p\u003e\u003cp\u003e\u003ci\u003ePlan Your Prosperity\u003c\/i\u003e shows you how to answer common and critical questions about how to approach investing in your own life: What are your investment goals? What mix of stocks, bonds and other securities should you use? How can you estimate whether your savings are sufficient? How much money will you need when you retire? \u003c\/p\u003e\u003cp\u003eFisher walks you through a step-by-step method designed to solve these—and other—dilemmas. \u003ci\u003ePlan Your Prosperity\u003c\/i\u003e is a must-read for retirement investors at every stage of life.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989794210021,"sku":"NP9781394318841","price":29.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781394318841.jpg?v=1761785492","url":"https:\/\/k12savings.com\/es\/products\/plan-your-prosperity-isbn-9781394318841","provider":"K12savings","version":"1.0","type":"link"}