{"product_id":"the-value-of-debt-in-retirement-isbn-9781119019985","title":"The Value of Debt in Retirement","description":"\u003cb\u003eIncrease the odds you won't run out of money in retirement\u003c\/b\u003e – \u003cb\u003eusing debt!\u003c\/b\u003e  \u003cp\u003eConventional wisdom is wrong – being debt free in retirement may actually \u003ci\u003eincrease\u003c\/i\u003e your risk. \u003ci\u003eThe Value of Debt in Retirement\u003c\/i\u003e teaches you how incorporating debt into your retirement strategy may increase your return, lower your taxes and actually \u003ci\u003elower\u003c\/i\u003e your risk. You read that right. If handled correctly, debt—that thing we've all been taught to avoid—can play an integral role in your life, \u003ci\u003eespecially\u003c\/i\u003e in retirement. New York Times Best Selling Author and nationally acclaimed financial expert Tom Anderson shows you how to use the time tested strategies of the best companies and the ultra rich to retire comfortably, minimize taxes, buy the things you have always wanted to have and do the things you have always wanted to do.\u003c\/p\u003e \u003cp\u003eThought provoking and against the grain, Anderson explains why your risk tolerance doesn't matter, why being debt free may actually increase your risk and why rushing to pay off your mortgage may be a financial disaster. Full of shocking revelations and tricks high- net-worth individuals have used for years, The Value of Debt in Retirement opens the world to a new approach to wealth management in retirement, one that factors in both sides of the balance sheet as an integrated ecosystem.\u003c\/p\u003e \u003cp\u003eReal-world case studies illustrate how informed debt strategies can lead to a happier, healthier retirement. See how an individual with a net worth of more than $5 million can spend $20,000 per month - after taxes - and pay less than $5,000 per year in taxes, how it is possible to increase your rate of return by 50%, and how a lower risk portfolio with debt could increase the chances you do not run out of money.\u003c\/p\u003e \u003cp\u003eSpecifically written to Baby Boomers, practical guides and checklists show how to use debt strategies to fund primary and secondary properties, refinance credit card debt, and finance hobbies, such as cars and boats and recreational vehicles. Additional guides show how you can help your children, help your parents and leave a bigger legacy for your heirs and favorite charities. Regardless of your net worth, \u003ci\u003eThe Value of Debt in Retirement\u003c\/i\u003e provides tools to use to apply these concepts to your personal situation.\u003c\/p\u003e \u003cp\u003eThere is no free lunch: the book delivers a balanced perspective focusing on the potential risks and benefits of the strategies discussed. A discussion on economic history highlights some of the shocks the economy may face and provides important warnings that you should factor into your retirement plan. Anderson not only shows that your life expectancy may be longer than you think, but also illustrates that many investors may be on track to average returns well under 4% for the next ten years – a potentially devastating combination. Irrespective of your beliefs about debt, \u003ci\u003eThe Value of Debt in Retirement\u003c\/i\u003e proves risk is more important than return for retirees and provides suggestions on ways to minimize that risk.\u003c\/p\u003e \u003cp\u003eNot all debt is good and high levels of debt are bad. \u003ci\u003eThe Value of Debt in Retirement\u003c\/i\u003e is about choosing the right debt, in the right amounts, at the right time. Perhaps most importantly, this book isn't for everybody. This book requires responsible actions. If you can't handle the responsibility associated with the ideas then this book then it isn't for you. If you need a rate of return under 3% from your investments then you may not need this book. But if you can handle the responsibility and if you need a return above 3%, this book may offer insights into the best (and potentially only) way to achieve your goals.\u003c\/p\u003e \u003cp\u003eForeword xv\u003c\/p\u003e \u003cp\u003eAcknowledgments xvii\u003c\/p\u003e \u003cp\u003eIntroduction xxi\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I: Basic Ideas and Core Concepts\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: A Better Path 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Successful but Controversial Debut 4\u003c\/p\u003e \u003cp\u003eThe Fifth Indebted Strength 7\u003c\/p\u003e \u003cp\u003eWho Can Benefit from This Book? Not Only Millionaires! (But They Can, Too) 9\u003c\/p\u003e \u003cp\u003eEveryday Example #1: Immediately Better Credit Card Debt 11\u003c\/p\u003e \u003cp\u003eGetting beyond the ABLF and Focusing on Retirement 12\u003c\/p\u003e \u003cp\u003eNotes 14\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: Debt in Retirement: Conventional Wisdom, Right and Wrong 17\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Some Popular Retirement Books Get Right—and Wrong—about Debt 18\u003c\/p\u003e \u003cp\u003eThe “Good versus Bad” Debt Camp 19\u003c\/p\u003e \u003cp\u003eBach Where We Started: The Irresolutely “Against Debt” Camp 20\u003c\/p\u003e \u003cp\u003eThe (Very Small) “Sometimes It’s Okay to Have Debt” Camp 21\u003c\/p\u003e \u003cp\u003eEveryday Example #2: A Bridge Loan over Troubled Quarters 22\u003c\/p\u003e \u003cp\u003eNotes 24\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: Why and Whether to Adopt a Holistic Debt‐Inclusive Approach in Retirement 27\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA First Look at the Three Main Types of Debt: Oppressive, Working, and Enriching 28\u003c\/p\u003e \u003cp\u003eSeven Rules for Being a Better Debtor 30\u003c\/p\u003e \u003cp\u003eIn the Company of Longer Life Spans 31\u003c\/p\u003e \u003cp\u003eWinging Your Way to a Successful Retirement: The “Whole Chicken” Approach 33\u003c\/p\u003e \u003cp\u003eEveryday Example #3: A Holistic Business Recipe for Success 35\u003c\/p\u003e \u003cp\u003eNotes 37\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II: The Power of Debt in Reducing Taxes, Increasing Return, and Reducing Risk\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: Returning to the Return You Need 43\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCash Flow and Incoming Money: The Ultimate Key to Resource Management 45\u003c\/p\u003e \u003cp\u003eYou Have to Get Your Numbers Right! 46\u003c\/p\u003e \u003cp\u003eRegardless of Your Net Worth, Distributions Are Rarely Constant over Time in Retirement 49\u003c\/p\u003e \u003cp\u003eHow Much Can You Safely Take Out? 52\u003c\/p\u003e \u003cp\u003eHow You May Be Able to Increase Your Rate of Return 54\u003c\/p\u003e \u003cp\u003eHow Is This Possible? A Big‐Picture Overview 56\u003c\/p\u003e \u003cp\u003eRisks and Problems 57\u003c\/p\u003e \u003cp\u003eEveryday Example #4: Retiring the “Loan” Survivor 58\u003c\/p\u003e \u003cp\u003eNotes 60\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: The Power of Debt Meets Our Ridiculous Tax Code: $5.5 Million Net Worth, $240,000 Income, and $4,000 in Taxes! 61\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSome Brief Preliminaries: Income versus Incoming Money 63\u003c\/p\u003e \u003cp\u003eThe Websters: A Tale That Taxes the Imagination 64\u003c\/p\u003e \u003cp\u003eYour De Facto Tax Advisor 76\u003c\/p\u003e \u003cp\u003eAn Inconvenient Truth 77\u003c\/p\u003e \u003cp\u003eHow to Pay Almost No Taxes in Retirement: A Few More Examples 78\u003c\/p\u003e \u003cp\u003eEveryday Example #5: “Auto” You Not Be Sure You Are Getting the Best Loan? 81\u003c\/p\u003e \u003cp\u003eNotes 84\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: Risk Matters More Than Return 87\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Your Personal Risk Tolerance May Not Matter 88\u003c\/p\u003e \u003cp\u003eA Simple Understanding of Risk 91\u003c\/p\u003e \u003cp\u003eAn Overview: “What Time Is It?” 95\u003c\/p\u003e \u003cp\u003eA Detailed Understanding: “How the Watch Works” 97\u003c\/p\u003e \u003cp\u003eProof That Debt Can Reduce Your Risk in Retirement 105\u003c\/p\u003e \u003cp\u003eEveryday Example #6: A Lot to Think About? Not Really 107\u003c\/p\u003e \u003cp\u003eNotes 109\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III: How to Get There: A Glide Path\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: The World Is Full of Risk—Especially Now 113\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eNot Your Usual Serious Caution 114\u003c\/p\u003e \u003cp\u003eLearning from What Companies Do—Value Liquidity! 114\u003c\/p\u003e \u003cp\u003eWhat about Interest Rate Risk? Fixed versus Floating Rate Debt 117\u003c\/p\u003e \u003cp\u003eInvestment Risks: It Isn’t the Debt That Matters, It Is the Quality of Your Investment Decisions! 119\u003c\/p\u003e \u003cp\u003eAsset Allocation and Investment Considerations 119\u003c\/p\u003e \u003cp\u003eA Six‐Step Approach to Diversified Investing in Retirement 120\u003c\/p\u003e \u003cp\u003eLessons from Math and History Suggest Caution 121\u003c\/p\u003e \u003cp\u003eBe Careful What You Watch! 124\u003c\/p\u003e \u003cp\u003eMy Opinions on Asset Allocation 126\u003c\/p\u003e \u003cp\u003eNotes 130\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: The Sooner the Better: Moving from Oppressive to Working to Enriching Debt 133\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUnderstanding the Implications of These Ideas for Your Life Plans 138\u003c\/p\u003e \u003cp\u003eGetting a Handle on Whether You Should Adopt a Strategic Debt Approach 138\u003c\/p\u003e \u003cp\u003eThe Need‐Want‐Have Matrix 139\u003c\/p\u003e \u003cp\u003eWatch Those Ratios! A First Glide Path into Retirement 144\u003c\/p\u003e \u003cp\u003eWhat If You Are Not Optimal Today? 147\u003c\/p\u003e \u003cp\u003eDying with Debt? 147\u003c\/p\u003e \u003cp\u003eFinal Mortgage Considerations 148\u003c\/p\u003e \u003cp\u003eNotes 150\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: Conclusion: Lots of Tricks and Tools 151\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Checklist Review 153\u003c\/p\u003e \u003cp\u003eBringing It All Together: A Strategic Debt Strategy in Action 156\u003c\/p\u003e \u003cp\u003eA Last Word: The Value of Debt in Retirement 159\u003c\/p\u003e \u003cp\u003eNotes 160\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV: Guides\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eGuide 1: Leaving a Legacy 163\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGeneral Giving Philosophy 164\u003c\/p\u003e \u003cp\u003eThe Benefits of Giving While You’re Working 167\u003c\/p\u003e \u003cp\u003eGiving to Create Income 168\u003c\/p\u003e \u003cp\u003eNotes 172\u003c\/p\u003e \u003cp\u003e\u003cb\u003eGuide 2: Managing the ROI of Retirement 175\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRetirement “ROI”: Resources, Outer Pragmatics, and Inner Dynamics 176\u003c\/p\u003e \u003cp\u003eRetirement Is Coming: A Holistic Roadmap of the Territory before You Retire 176\u003c\/p\u003e \u003cp\u003eMeta‐Management against a Background of Accelerating Change 177\u003c\/p\u003e \u003cp\u003eStaying Effective and Informed over Time 180\u003c\/p\u003e \u003cp\u003eResource Management for the Long Haul 181\u003c\/p\u003e \u003cp\u003ePartial Retirement\/Partial Income 182\u003c\/p\u003e \u003cp\u003eYou Can Test‐Run Retirement 183\u003c\/p\u003e \u003cp\u003eReal Estate, Small Business Ventures, and Personal Guarantees 184\u003c\/p\u003e \u003cp\u003eMedicare 185\u003c\/p\u003e \u003cp\u003eLong‐Term Care Insurance 185\u003c\/p\u003e \u003cp\u003eThoughts on Life Insurance 187\u003c\/p\u003e \u003cp\u003eReverse Mortgages 187\u003c\/p\u003e \u003cp\u003eHow You Should (or Should Not) Factor in Inheritance 188\u003c\/p\u003e \u003cp\u003eOuter Pragmatics: Real World Concerns, Issues, and Details 189\u003c\/p\u003e \u003cp\u003eLegal Planning 191\u003c\/p\u003e \u003cp\u003eMedical Planning 192\u003c\/p\u003e \u003cp\u003eResidency Planning 192\u003c\/p\u003e \u003cp\u003eLife Planning 193\u003c\/p\u003e \u003cp\u003eInner Dynamics: Meaning, Purpose, and Pleasure in Retirement 194\u003c\/p\u003e \u003cp\u003eSharpening the Saw 196\u003c\/p\u003e \u003cp\u003eParticular Considerations on Retirement and ROI for the LGBT Community 197\u003c\/p\u003e \u003cp\u003eNotes 201\u003c\/p\u003e \u003cp\u003e\u003cb\u003eGuide 3: How to Help Your Family and Buy the Stuff You Want and Need: A Reference Guide 203\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAct Like a Company\/Think Like a CFO 203\u003c\/p\u003e \u003cp\u003ePrinciples When Financing the Purchase of a Desired Item 204\u003c\/p\u003e \u003cp\u003eManaging Credit Card Debt 208\u003c\/p\u003e \u003cp\u003eHelping Your Kids with Their Credit Card Debt 208\u003c\/p\u003e \u003cp\u003eHelping Your Parents 208\u003c\/p\u003e \u003cp\u003eBuying a Luxury Car 209\u003c\/p\u003e \u003cp\u003eBuying a Boat\/Airplane\/Art\/Antiques\/Jewelry, Paying for a Dream Vacation, Financing a Hobby (Horseback Riding, Car Racing) 210\u003c\/p\u003e \u003cp\u003ePaying for Fractional Ownership (Home\/Plane\/Boat) 211\u003c\/p\u003e \u003cp\u003eHelping Out Our Kids and Student Loans 212\u003c\/p\u003e \u003cp\u003eHomes: Downsizing\/Moving\/Building 212\u003c\/p\u003e \u003cp\u003ePurchasing a Second Home: Pluses and Minuses 213\u003c\/p\u003e \u003cp\u003eRent versus Buy a Second Home 217\u003c\/p\u003e \u003cp\u003eOne Hundred Percent Financing: The No‐Down‐Payment Real Estate Purchase Option 219\u003c\/p\u003e \u003cp\u003eNotes 221\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart V: Appendices\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix A: About the Companion Website 225\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix B: Details for Chapter 4 227\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUnderstanding the Ideas of Chapter 4, with Charts and Tables 227\u003c\/p\u003e \u003cp\u003eNotes 234\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix C: Chapter 5 Detail 235\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUnderstanding RMDs 235\u003c\/p\u003e \u003cp\u003eThe Liger at Work Again 237\u003c\/p\u003e \u003cp\u003eUnderstanding Cost Basis and a Step‐Up in Basis 244\u003c\/p\u003e \u003cp\u003eNotes 246\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix D: Details for Chapter 6—A Study of Withdrawal Rates in Retirement 249\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBackground: How the 4 Percent Rule Came to Life 250\u003c\/p\u003e \u003cp\u003eTrinity Study Results 251\u003c\/p\u003e \u003cp\u003eTrinity Study: Unfortunate Timing 258\u003c\/p\u003e \u003cp\u003eNotes 260\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix E: A More Detailed Discussion on Risk, Return, and Correlation 263\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eNotes 266\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix F: More Detail on ABLF, Risk Details, and Official Statement of Disclosure and Understanding 267\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMore Detail on ABLF 267\u003c\/p\u003e \u003cp\u003eStatement of Disclosure and Understanding 268\u003c\/p\u003e \u003cp\u003eWith Respect to ABLFs 270\u003c\/p\u003e \u003cp\u003eAdditional Important Notes 272\u003c\/p\u003e \u003cp\u003eNotes 275\u003c\/p\u003e \u003cp\u003eGlossary 277\u003c\/p\u003e \u003cp\u003eBibliography 283\u003c\/p\u003e \u003cp\u003eAbout the Author 287\u003c\/p\u003e \u003cp\u003eIndex 289\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eTHOMAS J. ANDERSON\u003c\/b\u003e worked in investment banking in New York before moving into private wealth management. He has his MBA from the University of Chicago and a B.S.B.A. from Washington University in St. Louis. His extensive academic studies at some of the top schools in finance and economics, international experiences, and institutional background deliver a unique perspective on global markets. \u003c\/p\u003e\u003cp\u003eHe has been recognized as one of the top 40 advisors under 40 by On \u003ci\u003eWall Street\u003c\/i\u003e magazine and four times by \u003ci\u003eBarron’s\u003c\/i\u003e magazine as one of America’s Top 1,000 Advisors: State by State. Tom lives in Chicago with his wife and three children.   \u003c\/p\u003e\u003cp\u003eWhen it comes to owing money after retirement, conventional wisdom is wrong! Debt—that thing we’ve all been taught to avoid—can play an integral role in retirement. While it seems counterintuitive, being debt free in retirement may actually increase your financial risk. \u003ci\u003eThe Value of Debt in Retirement\u003c\/i\u003e reveals how you can incorporate a successful debt strategy into your retirement plan that has the potential to increase your returns, reduce your taxes, and actually lower your overall risk. Written by \u003ci\u003eNew York Times\u003c\/i\u003e bestselling author and nationally acclaimed financial expert Thomas J. Anderson, \u003ci\u003eThe Value of Debt in Retirement\u003c\/i\u003e shows how to use time-tested strategies utilized by the best companies and the extremely wealthy in order to minimize taxes and retire in comfort. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eThe Value of Debt in Retirement\u003c\/i\u003e outlines a new approach to wealth management in retirement, one that factors in both sides of the balance sheet as an integrated system. This book is filled with real-world case studies that illustrate how informed debt strategies can lead to a happier, healthier retirement.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990362243301,"sku":"NP9781119019985","price":29.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119019985.jpg?v=1761787516","url":"https:\/\/k12savings.com\/products\/the-value-of-debt-in-retirement-isbn-9781119019985","provider":"K12savings","version":"1.0","type":"link"}