{"product_id":"the-only-guide-youll-ever-need-for-the-right-financial-plan-isbn-9781576603666","title":"The Only Guide You'll Ever Need for the Right Financial Plan","description":"\u003cb\u003eAn accessible guide that outlines the key elements of an effective financial plan\u003c\/b\u003e  \u003cp\u003eFrom 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. \u003ci\u003eThe Only Guide You'll Ever Need for the Right Financial Plan\u003c\/i\u003e 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.\u003c\/p\u003e \u003cp\u003eDesigned 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.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eAddresses how you can design an investment policy statement and an individual asset allocation plan\u003c\/li\u003e \u003cli\u003eExamines how to maintain your portfolio's risk profile in the most cost-effective and tax-efficient manner\u003c\/li\u003e \u003cli\u003eOffers insights on integrating risk management and estate planning issues into your plan\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eThe Only Guide You'll Ever Need for the Right Financial Plan\u003c\/i\u003e 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.\u003c\/p\u003e \u003cp\u003ePreface xv\u003c\/p\u003e \u003cp\u003eAcknowledgments xix\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I: Investment Strategy in an Uncertain World\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 The Uncertainty of Investing 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEfficient Frontier Models 5\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 The Investment Policy Statement 9\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Foundation of the Investment Plan 10\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II: Asset Allocation\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Asset Allocation 17\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Ability, Willingness, and Need to Take Risk 17\u003c\/p\u003e \u003cp\u003eWhen Conflicts Arise 21\u003c\/p\u003e \u003cp\u003eRisk Factors 22\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Equities 25\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEquities versus Fixed Income 25\u003c\/p\u003e \u003cp\u003eU.S. Equity versus International Equity 28\u003c\/p\u003e \u003cp\u003eEmerging Markets 30\u003c\/p\u003e \u003cp\u003eValue versus Growth 31\u003c\/p\u003e \u003cp\u003eReal Estate 34\u003c\/p\u003e \u003cp\u003eYour Home 36\u003c\/p\u003e \u003cp\u003eCollateralized Commodity Futures (CCF) 36\u003c\/p\u003e \u003cp\u003eSocially Responsible Investing (SRI) 39\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Fixed Income 41\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCredit Quality 41\u003c\/p\u003e \u003cp\u003eShort-Term versus Long-Term Maturities 42\u003c\/p\u003e \u003cp\u003eMunicipal Bonds 44\u003c\/p\u003e \u003cp\u003eInflation-Protected Securities 44\u003c\/p\u003e \u003cp\u003eShort-Term Fixed Income versus TIPS 46\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Alternative Investments 49\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eConvertible Bonds: Not Recommended 49\u003c\/p\u003e \u003cp\u003eCovered Calls: Not Recommended 50\u003c\/p\u003e \u003cp\u003eFixed-Income Currency Exposure: Generally Not Recommended 51\u003c\/p\u003e \u003cp\u003eEE Bonds: Recommended 52\u003c\/p\u003e \u003cp\u003eEmerging Market Bonds: Not Recommended 52\u003c\/p\u003e \u003cp\u003eEquity-Indexed Annuities (EIAs): Not Recommended 53\u003c\/p\u003e \u003cp\u003eGold: Not Recommended 54\u003c\/p\u003e \u003cp\u003eHedge Funds: Not Recommended 54\u003c\/p\u003e \u003cp\u003eHigh-Yield (Junk) Bonds: Not Recommended 56\u003c\/p\u003e \u003cp\u003eLeveraged Buyouts (LBOs): Not Recommended 57\u003c\/p\u003e \u003cp\u003eLeveraged Funds: Not Recommended 58\u003c\/p\u003e \u003cp\u003eMaster Limited Partnerships (MLPs): Not Recommended 58\u003c\/p\u003e \u003cp\u003eMortgage-Backed Securities (MBS):Not Recommended 58\u003c\/p\u003e \u003cp\u003ePrecious Metals Equities (PME):Not Recommended 59\u003c\/p\u003e \u003cp\u003ePreferred Stocks: Not Recommended 60\u003c\/p\u003e \u003cp\u003ePrivate Equity (Venture Capital): Not Recommended 61\u003c\/p\u003e \u003cp\u003eStable-Value Funds: Generally Not Recommended 62\u003c\/p\u003e \u003cp\u003eStructured Investment Products: Not Recommended 63\u003c\/p\u003e \u003cp\u003eVariable Annuities: Not Recommended 64\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Liabilities and Asset Allocation 67\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMortgages 67\u003c\/p\u003e \u003cp\u003ePrepay the Mortgage or Increase Tax-Advantaged Savings? 69\u003c\/p\u003e \u003cp\u003eOther Liabilities 70\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III: Implementing the Plan\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Individual Securities or Mutual Funds 73\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eConvenience 73\u003c\/p\u003e \u003cp\u003eDiversification 74\u003c\/p\u003e \u003cp\u003eSize Matters 76\u003c\/p\u003e \u003cp\u003eAdvantages of Individual Securities 76\u003c\/p\u003e \u003cp\u003eSeparate Account Managers 77\u003c\/p\u003e \u003cp\u003eA Word of Caution 78\u003c\/p\u003e \u003cp\u003eSummary 78\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Active versus Passive Management 81\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Evidence 82\u003c\/p\u003e \u003cp\u003eThe Search for the Holy Grail: Why Is Persistent Outperformance So Hard to Find? 85\u003c\/p\u003e \u003cp\u003eThe Value of Economic Forecasts 87\u003c\/p\u003e \u003cp\u003eThe Value of Security Analysis 88\u003c\/p\u003e \u003cp\u003eBuy, Sell, or Hold? 89\u003c\/p\u003e \u003cp\u003eThe Tyrannical Nature of an Efficient Market 89\u003c\/p\u003e \u003cp\u003eThe Prudent Investor Rule 90\u003c\/p\u003e \u003cp\u003eThe Benefits of Passive Investing 91\u003c\/p\u003e \u003cp\u003eSummary 92\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 The Asset Location Decision 95\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eExceptions 96\u003c\/p\u003e \u003cp\u003eOrder of Preference 97\u003c\/p\u003e \u003cp\u003eAdditional Considerations 97\u003c\/p\u003e \u003cp\u003eAdvanced Concept 99\u003c\/p\u003e \u003cp\u003eBalanced and Lifestyle Funds 99\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 The Care and Maintenance of the Portfolio 101\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRebalancing 101\u003c\/p\u003e \u003cp\u003eTax Management Strategies 104\u003c\/p\u003e \u003cp\u003eFinal Considerations 110\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV: The Investment Plan and Financial Security\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 College Savings Plans 113\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e529 Plans 113\u003c\/p\u003e \u003cp\u003eCoverdell Education Savings Accounts 115\u003c\/p\u003e \u003cp\u003eCustodial Accounts 116\u003c\/p\u003e \u003cp\u003eU.S. Savings Bonds 117\u003c\/p\u003e \u003cp\u003eFinancial Aid Impact 118\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Insurance 121\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRisk Management 122\u003c\/p\u003e \u003cp\u003ePayout Annuities 124\u003c\/p\u003e \u003cp\u003eLong-Term Care Insurance (LTCI) 127\u003c\/p\u003e \u003cp\u003eLife Settlements 130\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 IRAs and Retirement\/Profit Sharing Plans 135\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRoth versus Traditional IRA 135\u003c\/p\u003e \u003cp\u003eFive Key Facts 136\u003c\/p\u003e \u003cp\u003eWhat to Do When Retirement Plan Choices Are Poor 141\u003c\/p\u003e \u003cp\u003eIRA Conversions 143\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 Social Security 149\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIs Social Security a Balance-Sheet Asset? 152\u003c\/p\u003e \u003cp\u003eDouble Dipping Strategy 155\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 Determining a Safe Withdrawal Rate 157\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMonte Carlo (MC) Simulations 158\u003c\/p\u003e \u003cp\u003eIn the Absence of an MC Simulator 160\u003c\/p\u003e \u003cp\u003eThe Sequencing of Withdrawals to Fund Retirement 163\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17 Planning Beyond Your Lifetime 167\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEstate Planning 167\u003c\/p\u003e \u003cp\u003ePreparing Your Heirs 168\u003c\/p\u003e \u003cp\u003eConclusion 173\u003c\/p\u003e \u003cp\u003eAppendix A Effective Diversification in a Three-Factor World 175\u003c\/p\u003e \u003cp\u003eAppendix B Dollar Cost Averaging 181\u003c\/p\u003e \u003cp\u003eAppendix C Reverse Mortgages 185\u003c\/p\u003e \u003cp\u003eAppendix D How to Choose an Adviser You Can Trust 191\u003c\/p\u003e \u003cp\u003eNotes 193\u003c\/p\u003e \u003cp\u003eGlossary 197\u003c\/p\u003e \u003cp\u003eIndex 213\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eLARRY E. SWEDROE\u003c\/b\u003e is Principal and Director of Research for The Buckingham Family of Financial Services, which includes Buckingham Asset Management and BAM Advisor Services. Buckingham Asset Management manages more than $2 billion in assets for individuals, businesses, trusts, not-for-profits, and retirement plans. BAM Advisor Services provides turnkey asset management services for more than 120 registered investment advisor firms and manages or administers more than $9 billion in assets. Swedroe has held executive level positions at Prudential Home Mortgage, Citicorp, and CBS. He frequently speaks at financial conferences throughout the year and writes the blog \"Wise Investing\" for CBS MoneyWatch.com. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eKEVIN GROGAN\u003c\/b\u003e is an Investment Advisor Associate for The Buckingham Family of Financial Services. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eTIYA LIM\u003c\/b\u003e is an Investment Strategy Manager for The Buckingham Family of Financial Services.    Asset allocation? Investment planning? Risk management? What role does each play in your financial security? All these elements are critical, but how do they work together to create your overall financial plan?  \u003c\/p\u003e\u003cp\u003eFrom 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. \u003ci\u003eThe Only Guide You’ll Ever Need for the Right Financial Plan\u003c\/i\u003e 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.\u003c\/p\u003e \u003cp\u003eDesigned 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 and helps you:\u003c\/p\u003e \u003cul\u003e \u003cli\u003e \u003cp\u003eDesign an investment policy statement and an individual asset allocation plan\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eLocate assets in the most tax-efficient manner\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eMaintain your portfolio’s risk profile in the most cost-effective and tax-efficient manner\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eIntegrate risk management and estate planning issues into the plan\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eAnd much more\u003c\/p\u003e \u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eThe Only Guide You’ll Ever Need for the Right Financial Plan\u003c\/i\u003e 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.\u003c\/p\u003e   \u003cp\u003e\u003cb\u003eThe Only Guide You'll Ever Need for the Right Financial Plan:\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003ci\u003eManaging Your Wealth, Risk, and Investments\u003c\/i\u003e \u003c\/p\u003e\u003cp\u003eAsset allocation? Investment planning? Risk management? What role does each play in your financial security? All these elements are critical, but how do they work together to create your overall financial plan? \u003c\/p\u003e\u003cp\u003eFrom 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. \u003ci\u003eThe Only Guide You'll Ever Need for the Right Financial Plan\u003c\/i\u003e 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. \u003c\/p\u003e\u003cp\u003eDesigned 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 and helps you: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eDesign an investment policy statement and an individual asset allocation plan\u003c\/li\u003e \u003cli\u003eLocate assets in the most tax-efficient manner\u003c\/li\u003e \u003cli\u003eMaintain your portfolio's risk profile in the most cost-effective and tax-efficient manner\u003c\/li\u003e \u003cli\u003eIntegrate risk management and estate planning issues into the plan\u003c\/li\u003e \u003cli\u003eAnd much more\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eThe Only Guide You'll Ever Need for the Right Financial Plan\u003c\/i\u003e 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.   \"Larry Swedroes work comes as close to being the definitive investment book of our time as any that I can imagine. His greatest gift is his ability to communicate with profound simplicity, bringing clarity to the daunting challenge facing investors who are intent on reaching their financial goals.\"\u003cbr\u003e —\u003cb\u003eBill Schultheis\u003c\/b\u003e, author of \u003ci\u003eThe Coffeehouse Investor\u003c\/i\u003e  \u003c\/p\u003e\u003cp\u003e\"If you're looking to sharpen your financial thinking, let Larry Swedroe be your guide. With insights from \u003ci\u003eThe Only Guide You'll Ever Need for the Right Financial Plan,\u003c\/i\u003e you should be able to raise your financial game—and maybe boost your family's wealth.\"\u003cbr\u003e —\u003cb\u003eJonathan Clements\u003c\/b\u003e, author of \u003ci\u003eThe Little Book of Main Street Money\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\"Just as every successful builder needs a blueprint, so too does every successful investor need a personally tailored investment policy. How much stocks, how much bonds? Foreign versus domestic? When and how to begin Social Security or withdrawing from your IRA? Larry Swedroe plots your financial life from cradle to grave (and even beyond). Don’t invest without it!\"\u003cbr\u003e —\u003cb\u003eWilliam Bernstein\u003c\/b\u003e, author of \u003ci\u003eThe Four Pillars of Investing\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\"This is a most excellent book! Either as a great educational read or an indispensible reference, \u003ci\u003eThe Only Guide You'll Ever Need for the Right Financial Plan\u003c\/i\u003e will pay you back many times over the cover price.\"\u003cbr\u003e —\u003cb\u003eHarold Evensky\u003c\/b\u003e, President, Evensky \u0026amp; Katz\u003c\/p\u003e \u003cp\u003e\"If you have investing experience, and want to improve your portfolio, this is the book to read.\"\u003cbr\u003e —\u003cb\u003eTaylor Larimore\u003c\/b\u003e, coauthor of \u003ci\u003eThe Bogleheads’ Guide to Investing\u003c\/i\u003e\u003c\/p\u003e","brand":"Bloomberg Press","offers":[{"title":"Default Title","offer_id":47990304375013,"sku":"NP9781576603666","price":27.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781576603666.jpg?v=1761787279","url":"https:\/\/k12savings.com\/products\/the-only-guide-youll-ever-need-for-the-right-financial-plan-isbn-9781576603666","provider":"K12savings","version":"1.0","type":"link"}