Table of Contents
Acknowledgments xiii
Preface xv
Foreword Wade D. Pfau xvii
Introduction 1
Chapter 1 Retirement Planning Beyond the Financials 11
Chapter 2 Discovery: Life and Financial 23
Chapter 3 Asset Allocation 35
Chapter 4 The Investment Policy Statement and The Care and Maintenance of the Portfolio 54
Chapter 5 Monte Carlo Simulations 65
Chapter 6 Investment Strategy Part I: Implementing the Investment Plan 74
Chapter 7 Investment Strategy Part II: Reducing the Risk of Black Swans 85
Chapter 8 IRA and Retirement/Profit Sharing Plans 102
Chapter 9 Health Savings Accounts 113
Chapter 10 The Asset Location Decision 117
Chapter 11 Spend Down Strategies 124
Chapter 12 Social Security 137
Chapter 13 Medicare 150
Chapter 14 Longevity Risk: The Role of Annuities 162
Chapter 15 The Role of Insurance: The Management of Risk 175
Chapter 16 Reverse Mortgages 195
Chapter 17 Women's Unique Retirement Issues 204
Chapter 18 Estate Planning 217
Chapter 19 Preparing Your Heirs 228
Chapter 20 The Threat Of Elder Financial Abuse 234
Conclusion 253
Appendices
Appendix A LifeMap 257
Appendix B Sample Family Mission Statement 258
Appendix C The Mathematics of Asset Location 263
Appendix D Should Investors Prefer Dividend-Paying Stocks? 268
Appendix E Should You Hire a Financial Advisor? 277
Appendix F Implementation: Recommended Mutual Funds and ETFs 283
Appendix G Types of Irrevocable Trusts 289
Appendix H Recommended Reading 294
Index 297
Data Sources 303
