The Only Guide You'll Ever Need for the Right Financial Plan: Managing Your Wealth, Risk, and Investments (Bloomberg)

243 Pages·2010·1.67 MB·English

by  Larry E. Swedroe

ffffiirrss..iinndddd iiii 66//1166//1100 88::4411::4488 PPMM
Additional Praise for The Only Guide
You’ll Ever Need for the Right Financial Plan
“Larry Swedroe has given us an experienced and research-based
treatment with examples of what should enter into the design and
implementation of an investment strategy. The book includes a
wide range of alternative investments and savings related plans that
should prove to be benefi cial to individuals and to their fi nancial
advisors.”
—John A. Haslem, Professor Emeritus of Finance,
Robert H. Smith School of Business,
University of Maryland
Mutual funds researcher and
author of Mutual Funds
“The Only Guide You’ll Ever Need for the Right Financial Plan may be the
best collection of advice on key issues such as when to begin Social
Security benefi ts and how to tax effi ciently manage your money
during your accumulation and withdrawal phases of life.
—Dr. William Reichenstein, CFA,
Pat and Thomas R. Powers Chair in Investment Management,
Hankamer School of Business, Baylor University
“As Larry makes abundantly clear, wise investing is wise only in the
context of one’s own unique personal fi nancial situation. If you are
an investor who has not considered how your investments fi t into
your life, you need this book.”
—Edward R. Wolfe, Ph.D.,
Professor of Finance, Western Kentucky University
“Larry Swedroe has hit yet another home run with his ninth and
newest book.”
—W. Scott Simon, J.D., CFP®,
AIFA®, Author, The Prudent Investor Act:
A Guide to Understanding,
Columnist, Morningstar’s Fiduciary Focus
ffffiirrss..iinndddd ii 66//1166//1100 88::4411::4466 PPMM
ffffiirrss..iinndddd iiii 66//1166//1100 88::4411::4488 PPMM
The Only Guide You’ll
Ever Need for the
Right Financial Plan
ffffiirrss..iinndddd iiiiii 66//1166//1100 88::4411::4499 PPMM
ffffiirrss..iinndddd iivv 66//1166//1100 88::4411::4499 PPMM
The Only Guide You’ll
Ever Need for the
Right Financial Plan
MANAGING YOUR WEALTH,
RISK, AND INVESTMENTS
Larry E. Swedroe
Kevin Grogan and Tiya Lim
ffffiirrss..iinndddd vv 66//1166//1100 88::4411::4499 PPMM
Copyright © 2010 by Larry Swedroe, Kevin Grogan, and Tiya Lim. All rights reserved.
Published by John Wiley & Sons, Inc., Hoboken, New Jersey.
Published simultaneously in Canada.
No part of this publication may be reproduced, stored in a retrieval system, or transmitted
in any form or by any means, electronic, mechanical, p hotocopying, recording, scanning, or
otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright
Act, without either the prior written permission of the Publisher, or authorization through
payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222
Rosewood Drive, Danvers, MA 01923, (978) 750–8400, fax [phone], or on the Web
at www.copyright.com. Requests to the Publisher for permission should be addressed to the
Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030,
(201) 748–6011, fax [phone], or online at http://www.wiley.com/go/permissions.
Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their
best efforts in preparing this book, they make no representations or warranties with respect
to the accuracy or completeness of the contents of this book and specifi cally disclaim any
implied warranties of merchantability or fi tness for a particular purpose. No warranty may
be created or extended by sales representatives or written sales materials. The advice and
strategies contained herein may not be suitable for your situation. You should consult with a
professional where appropriate. Neither the publisher nor author shall be liable for any loss
of profi t or any other commercial damages, including but not limited to special, incidental,
consequential, or other damages.
For general information on our other products and services or for technical s upport, please
contact our Customer Care Department within the United States at (800) 762–2974, outside
the United States at (317) 572–3993 or fax [phone].
Wiley also publishes its books in a variety of electronic formats. Some content that appears in
print may not be available in electronic books. For more information about Wiley products,
visit our web site at www.wiley.com.
Library of Congress Cataloging-in-Publication Data:
Swedroe, Larry E.
The only guide you’ll ever need for the right fi nancial plan : managing your wealth, risk,
and investments / Larry Swedroe, Kevin Grogan, Tiya Lim.
p. cm.
Includes bibliographical references and index.
ISBN 978-1-57660-366-6 (cloth); 978-0-470-87885-9 (ebk)
1. Portfolio management. 2. Investment analysis. 3. Risk management.
4. Investments. 5. Finance, Personal. I. Grogan, Kevin. II. Lim, Tiya. III. Title.
HG4529.5.S9364 2010
332.6--dc22
2010014479
Printed in the United States of America.
10 9 8 7 6 5 4 3 2 1
ffffiirrss..iinndddd vvii 66//1166//1100 88::4411::5500 PPMM
This book is dedicated to the employees of the
Buckingham Family of Financial Services and
the advisers at the more than one hundred
independent, fee-only registered investment
adviser (RIA) firms with which we at Buckingham
have strategic alliances. Each and every one of
them works diligently to educate investors on
how markets really work, building long-term
relationships by doing the right thing.
ffffiirrss..iinndddd vviiii 66//1166//1100 88::4411::5500 PPMM
ffffiirrss..iinndddd vviiiiii 66//1166//1100 88::4411::5500 PPMM