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by Michael J. Zwecher

Download Retirement Portfolios: Theory, Construction, and Management fb2
Author: Michael J. Zwecher
ISBN: 0470556811
Language: English
Pages: 304 pages
Category: Personal Finance
Publisher: Wiley; 1 edition (January 26, 2010)
Rating: 4.2
Formats: docx mobi lit doc
FB2 size: 1259 kb | EPUB size: 1742 kb | DJVU size: 1821 kb

Retirement Portfolios Workbook: Theory, Construction, and Management. Constructing a retirement portfolio is viewed as a difficult endeavor, and the demands facing financial advisors responsible for this task continue to grow

Retirement Portfolios Workbook: Theory, Construction, and Management. Constructing a retirement portfolio is viewed as a difficult endeavor, and the demands facing financial advisors responsible for this task continue to grow. The pressures are particularly intense due to events such as the financial crisis and oncoming rush of retiring baby boomers. It's imperative that financial advisors be equipped and ready to create appropriate retirement portfolios.

Constructing a retirement portfolio is viewed as a difficult endeavor, and the demands facing financial advisors . That's why Michael Zwecher-a leading expert on retirement income-has created Retirement Portfolios.

Constructing a retirement portfolio is viewed as a difficult endeavor, and the demands facing financial advisors responsible for this task continue to grow. It is imperative that financial advisors be equipped and ready to create appropriate retirement portfolios.

In Retirement Portfolios, leading retirement income expert Michael Zwecher provides financial professionals with complete coverage of the most important issues in this field-from creating portfolios that protect your client's retirement and aspirations to maximizing the usefulness of retirement portfolios in your business. Now, with the Retirement Portfolios Workbook, he offers you a wealth of practical information and exercises that will solidify your understanding of the tools and techniques found in the actual book.

Retirement Portfolios Workbook: Theory, Construction, and Management (Wiley Finance Book 570). In Retirement Portfolios, Zwecher provides you with complete coverage of the most important issues in this field. Page by page, he shows you what it takes to protect your client's retirement and aspirations. Divided into four comprehensive parts, this reliable resource

Theory, Construction and Management. Michael Zwecher J. Retirement Portfolios Workbook. Theory, Construction, and Management.

Theory, Construction and Management. Retirement portfolio guidance for finance professionals Retirement is one of the most important parts of the financial planning process. Yet only two percent of financial advisors describe themselves as competent in retirement planning. A companion Workbook to the text Retirement Portfolios Retirement is one of the most important parts of the financial planning process.

Retirement Portfolios book.

Theory, Construction, and Management – Michael Zwecher J. Поделиться . Поделиться: Скачать pd.

Zwecher, Michael . 1957– Retirement portfolios : theory, construction, and management, Michael J. Zwecher. p. c. (Wiley nance series) Includes bibliographical references and index. ISBN 978-0-470-55681-8 (cloth) 1. Retirement income–Planning. 2. Portfolio management. Z94 2010 33. 24′014–dc22 2009031706.

Finding books BookSee BookSee - Download books for free. Retirement Portfolios: Theory, Construction and Management (Wiley Finance). Category: Техника, Строительство.

Retirement portfolio guidance for finance professionals

Retirement is one of the most important parts of the financialplanning process. Yet only two percent of financial advisorsdescribe themselves as competent in retirement planning.

Constructing a retirement portfolio is viewed as a difficultendeavor, and the demands facing financial advisors responsible forthis task continue to grow. The pressures are particularly intensedue to events such as the financial crisis and oncoming rush ofretiring baby boomers. It is imperative that financial advisors beequipped and ready to create appropriate retirement portfolios.That's why Michael Zwecher-a leading expert on retirementincome-has created Retirement Portfolios.

Examines how portfolios should be prepped in advance so thatthe transition from "working" portfolio to retirement portfolio issmooth and seamlessOutlines how to create a portfolio that will provide income,continue to generate growth, and protect assets from disasterDetails the differences in managing a retirement portfolioversus managing portfolios during asset accumulation years

The ability to create retirement portfolios and manage theirrisks are skills you must possess to be an effective financialadvisor. Retirement Portfolios will help you develop theseessential skills and gain a better understanding of the entireprocess.

Comments (7)
Macage
a really useful overview of a sensible approach to retirement finance. uses a model of "flooring"- i.e. secure funding for basic needs via a bond ladder and/or annuities. the discussion of flooring [as opposed to "buckets" or other models of portfolio] is the biggest and most important part of the book. if you have the resources, of course, you can build a superstructure on top of your floor. i'm not there yet myself, but for now my plan is flooring with social security and fixed annuities [escalating annuities are overpriced imo], along with other portfolio investments to protect from inflation.

update 5/16- this book definitely influenced my decision to buy some single premium fixed immediate annuities to combine with social security as my "flooring." [i still think escalating and indexed annuities are overpriced. find some quotes and use an online calculator to see how long it takes for escalating payouts to do you any good, and how much more it would cost to get the kind of payouts available from straight fixed annuities. then, too, heavy fees are a problem with more complicated annuities than the kind i bought.]

i am managing the rest of my retirement funds with inflation protection in mind, as the real purchasing power of the fixed annuities will decline with time. the fixed annuity pays out a far higher percentage [6%] than i could ever safely draw from a self managed portfolio which would not benefit from mortality credits. this is especially true in our current environment of high pe's in equities and historically low interest rates. in this environment people don't talk about a "4% rule," they talk about a "2-3% rule."

you do not have to get caught in the false insurance VERSUS investment conflict. you can use insurance products like annuities AND investments to get the benefits of both. anyway, i recommend this book if you're thinking about how to organize your finances heading into retirement.
Lahorns Gods
I am just a regular investor. I wanted to study more about setting up a retirement income stream and to build a safety floor for that income. This book answered all of my questions. Highly recommend it. It's an easy read for anyone with some basic skills.
Edit: Now that I've had time to soak everything I've learned, all the books I read helped me, but this book at the end helped me to put it all together and was the most influential in figuring out my retirement withdrawal setup.
Pad
Fairly advanced content (mathematically) if you are using it for your personal retirement planning. It is written with the professional retirement planner as the audience.
Thetalune
In over thirty years as an investment professional dealing with both individual and institutional clientele, during which period I have read hundreds of books and articles on investments and financial planning, I have never encountered a more practical and realistic system for organizing retirement income. This book should be read at least twice by everyone in the field. It has changed the way I work with clients.
Ferne
An excellent treatise with practical information for retirement income planning. Zwecher provides the tools to implement a retirement plan that William Bernstein describes in theoretical terms in "The Ages of the Investor."
As a tax professional I have recommended this approach to retirement planning. It is conservative and offers a way to develop a strong portfolio that can help protect a retirement income stream from events like the 2008 downturn.
Damdyagab
Lots of good information, including the key formulas which is right up an engineer's alley
Mohn
Zwecher covers the entire topic without any commercial bias. The material is presented with enough math to provide the degree of understanding needed. The target audience appears to be finance professionals but anyone with knowledge of basic finance principles (mean variance optimization, DCF etc) who is planning on retiring will benefit from reading it.
I am a retired academic. I've read a ton of literature on retirement planning (both concerning accumulation and decumulation) and I am happy to say, speaking as a retiree, that this book is by far among the two best (Jim Otar's book being the other), especially as it addresses the much-ignored topic of transitioning from accumulation to decumulation.

Whether in the accumulation or decumulation phase of retirement planning, get this book and use it to review your investment plan on an annual basis.