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Jim Stovall & Tim Maurer 
The Ultimate Financial Plan 
Balancing Your Money and Life

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Cover von Jim Stovall & Tim Maurer: The Ultimate Financial Plan (ePUB)
How to build a financial plan that really blends into your
life

The latest volume in the bestselling Ultimate series, Jim
Stovall and Tim Maurer’s The Ultimate Financial Plan: Balancing
Your Money and Life is a one-stop, comprehensive, personal
financial planning book exploring the intersection of money and
life. The Ultimate Financial Plan examines the connection
between actions, thoughts, and feelings when it comes to all things
financial. The key to getting the most out of your wealth, the
authors argue, is certainly found in the wise utilization of tools,
like budgets, bank accounts, 401(k)s, IRAs, Roth IRAs, education
savings plans, and real estate, as well as home, auto, business,
health, disability, and long term care insurance, but even more so
in the contentment found in balancing money’s influence in our
lives with personal values and goals.

* An insider’s look into the recently humbled ‚Big 3‘–the
banks, brokerage firms, and insurance companies–and the inner
workings that often set their proprietary goals and objectives
above all

* A critical examination of the role of various financial sales
people, advisors, planners, and consultants

* A guide to navigating Economic Bias–a conflict of
interest involving money–and how it affects every financial
decision we make

The Ultimate Financial Plan is the application of the
resources at your disposal for the purpose of living your life to
the fullest, and this book will show you the quickest route to
getting started on the path to ultimate success.
€17.99
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Inhaltsverzeichnis

Foreword xi

Preface xv

Acknowledgments xix

Introduction xxi

Chapter 1 The Gift of Money: Money 101 1

The Value of Money 3

Money Beliefs 4

Chapter 2 The Gift of Purpose: Personal Principles and Goals7

Personal Principles 7

Goals 10

Chapter 3 The Gift of Discipline: Household Cash Flow17

Personal Financial Statements 17

Financial Crises 25

Chapter 4 The Gift of Enough: Debt and Financial Freedom27

Financial Freedom 28

The Danger of Discontent 29

Emergency Reserves 32

Bad Debt 35

Better Debt 39

Economics and Emotions 41

The Cure for More 43

Chapter 5 The Gift of Discernment: Risk Management Decisions45

The Accident 47

Risk Management Techniques 48

How Insurance Works 50

Chapter 6 The Gift of Security: Life Insurance 55

Life Insurance: Why? 55

Life Insurance Needs 59

Life Insurance: How? 62

Life Insurance Wants 67

Different Types of Life Insurance 70

Purchasing Life Insurance 73

Chapter 7 The Gift of Certainty: Auto, Home, and Liability Insurance 77

Auto Insurance 79

Homeowner’s Insurance 82

Excess Liability (Umbrella) Insurance 84

Chapter 8 The Gift of Health: Health, Disability Income, and Long-Term Care Insurance 87

Health Insurance 89

Types of Plans 89

HSAs and FSAs 90

Recent Health Insurance Changes 93

Disability Income Insurance 95

DI Moving Pieces 96

Social Security, Medicaid, and Medicare 99

Long-Term Care Insurance 100

LTC Moving Pieces 101

Chapter 9 The Gift of Clarity: Investing and Portfolio Management 107

Stocks and Bonds 109

All Things Considered Equal? 111

Mutual Funds 112

Economic Analysis 115

Market Valuation Analysis 117

Technical Market Analysis 118

Efficient or Not? 119

Passive versus Active 119

Investing with ‚Style‘ 121

Relative Return versus Absolute Return 123

Index Huggers, Return Chasers, and Risk Managers 126

Decisions, Decisions 128

Chapter 10 The Gift of Transparency: Annuities 131

Immediate Annuities 134

Fixed Annuities 136

Variable Annuities 137

Equity Indexed Annuities 140

Annuity Disadvantages 141

Annuity Advantages 143

Chapter 11 The Gift of Preparation: Tax Planning 147

Tax Myths 150

Tax Rules 155

Chapter 12 The Gift of Learning: Education Planning159

Family Education Policy 162

Having The Talk (no, not that talk) 166

Education Savings Plan 169

The 50 Percent Rule 172

Chapter 13 The Gift of Fulfillment: Retirement Planning175

Retirement Past 179

Retirement Present 180

Retirement Future 180

Employer-Sponsored Retirement Plans 181

401k Rollovers 182

Traditional IRAs 184

Roth IRAs 185

Traditional versus Roth 186

Roth IRA Conversions 187

Fulfillment Planning 189

Retirement Makeover 193

Chapter 14 The Ultimate Gift: Estate Planning 197

Wills 200

Durable Powers of Attorney 205

Advance Directives 206

Beneficiary Designations 208

Probate 212

Estate Tax 214

Chapter 15 The Gift of Discretion: Choosing a Financial Advisor 217

‚The Big Three‘ 222

Financial Planner Compensation 224

Finding a Professional Planner 228

Chapter 16 The Gift of Action: Your Plan for Money and Life233

Fundamental and Practical Change 234

Reprise 235

Stay Connected 238

Notes 241

About the Web Site 245

About the Authors 247

Index 249

Über den Autor

Jim Stovall is among today’s most sought-after motivational speakers. The author of fifteen books, including the bestselling The Ultimate Gift and The Ultimate Life, both of which have been made into major motion pictures by 20th Century Fox, he has been a champion Olympic weightlifter, a successful investment broker, and an entrepreneur. He is the cofounder and President of the Emmy Award-winning Narrative Television Network, which makes movies and television accessible for America’s thirteen million blind and visually impaired people and their families. In June 2000, Stovall was selected as the International Humanitarian of the Year.

Tim Maurer is a financial planner, educator, and blogger. He is Vice President of the Financial Consulate, a Fee-Only¯® financial management firm in Hunt Valley, Maryland. He teaches financial planning at his alma mater, Towson University, and educates through his blog, Tim Maurer.com. Maurer has been a frequent guest on CNBC and featured on ABC’s Nightline. The co-host of Money, Riches & Wealth, a weekly Baltimore radio show, he has contributed to the Wall Street Journal, the New York Times, the Washington Post, and Money magazine, among other leading publications.
Sprache Englisch ● Format EPUB ● Seiten 288 ● ISBN 9781118107966 ● Dateigröße 1.7 MB ● Verlag John Wiley & Sons ● Erscheinungsjahr 2011 ● Ausgabe 1 ● herunterladbar 24 Monate ● Währung EUR ● ID 2353509 ● Kopierschutz Adobe DRM
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