What People Know About Target-Date Funds - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook What People Know About Target-Date Funds write by Julie R. Agnew. This book was released on 2013. What People Know About Target-Date Funds available in PDF, EPUB and Kindle. Making portfolio allocation decisions can be difficult for American households who lack interest or experience in financial matters. Service providers and 401(k) plan sponsors have introduced new plan design approaches and investment products, such as target-date funds, that can simplify savings and investment choices for defined contribution (DC) plan participants. Some participants invest in the funds on their own; some are defaulted into the fund by plan sponsors through mechanisms such as automatic enrollment, so it is important to understand how knowledge and awareness may differ between active and passive investment decisions. Also, DC plan participants often invest in other assets within their retirement accounts, a phenomenon known as “mixed” target-date investing. This paper seeks to better understand the determinants of participant portfolio allocations to target-date funds. The authors use focus group discussions and survey evidence linked to 401(k) administrative data. They explore rational motivations for portfolio decisions, psychological elements such as trust, and the relationship between financial knowledge and portfolio choice. The current version of this paper presents a preliminary analysis of the survey data and the authors' focus group findings.
The White Coat Investor
The White Coat Investor - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The White Coat Investor write by James M. Dahle. This book was released on 2014-01. The White Coat Investor available in PDF, EPUB and Kindle. Written by a practicing emergency physician, The White Coat Investor is a high-yield manual that specifically deals with the financial issues facing medical students, residents, physicians, dentists, and similar high-income professionals. Doctors are highly-educated and extensively trained at making difficult diagnoses and performing life saving procedures. However, they receive little to no training in business, personal finance, investing, insurance, taxes, estate planning, and asset protection. This book fills in the gaps and will teach you to use your high income to escape from your student loans, provide for your family, build wealth, and stop getting ripped off by unscrupulous financial professionals. Straight talk and clear explanations allow the book to be easily digested by a novice to the subject matter yet the book also contains advanced concepts specific to physicians you won't find in other financial books. This book will teach you how to: Graduate from medical school with as little debt as possible Escape from student loans within two to five years of residency graduation Purchase the right types and amounts of insurance Decide when to buy a house and how much to spend on it Learn to invest in a sensible, low-cost and effective manner with or without the assistance of an advisor Avoid investments which are designed to be sold, not bought Select advisors who give great service and advice at a fair price Become a millionaire within five to ten years of residency graduation Use a "Backdoor Roth IRA" and "Stealth IRA" to boost your retirement funds and decrease your taxes Protect your hard-won assets from professional and personal lawsuits Avoid estate taxes, avoid probate, and ensure your children and your money go where you want when you die Minimize your tax burden, keeping more of your hard-earned money Decide between an employee job and an independent contractor job Choose between sole proprietorship, Limited Liability Company, S Corporation, and C Corporation Take a look at the first pages of the book by clicking on the Look Inside feature Praise For The White Coat Investor "Much of my financial planning practice is helping doctors to correct mistakes that reading this book would have avoided in the first place." - Allan S. Roth, MBA, CPA, CFP(R), Author of How a Second Grader Beats Wall Street "Jim Dahle has done a lot of thinking about the peculiar financial problems facing physicians, and you, lucky reader, are about to reap the bounty of both his experience and his research." - William J. Bernstein, MD, Author of The Investor's Manifesto and seven other investing books "This book should be in every career counselor's office and delivered with every medical degree." - Rick Van Ness, Author of Common Sense Investing "The White Coat Investor provides an expert consult for your finances. I now feel confident I can be a millionaire at 40 without feeling like a jerk." - Joe Jones, DO "Jim Dahle has done for physician financial illiteracy what penicillin did for neurosyphilis." - Dennis Bethel, MD "An excellent practical personal finance guide for physicians in training and in practice from a non biased source we can actually trust." - Greg E Wilde, M.D Scroll up, click the buy button, and get started today!
Making Investment Choices as Simple as Possible
Making Investment Choices as Simple as Possible - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Making Investment Choices as Simple as Possible write by Zvi Bodie. This book was released on 2008. Making Investment Choices as Simple as Possible available in PDF, EPUB and Kindle. Many participants in self-directed retirement plans (401k, IRA, etc.) do not know enough about investing to choose rationally among alternatives. Others may know enough, but find it unpleasant or too time-consuming. Target-date funds (TDFs), also known as life-cycle funds, are being offered as a simple solution to their dilemma. A TDF is a quot;fund of fundsquot; diversified across stocks, bonds, and cash with the feature that the proportion invested in stocks is automatically reduced as time passes. Empirical evidence suggests that a simple TDF strategy would be an improvement over the choices currently made by many uninformed plan participants. This paper explores one way to achieve an even greater improvement. Using a compact continuous-time optimization model, we characterize a person for whom a TDF strategy would be optimal: a quot;natural TDF holder.quot; We then show that the TDF strategy may be far from optimal for people who ő although of the same age ő differ from the natural TDF holder in their risk aversion or exposure to human-capital risk. To bring such plan participants much closer to their optimal strategy it is enough to add a second simple investment alternative ő a safe fund matched to their time horizon. Participants with the same time horizon could then choose (or be advised to choose) either the TDF or the safe target-date fund depending on their risk aversion and human-capital risk. We find that people who are very risk averse and who have a high exposure to market risk through their labor income would experience a substantial gain in welfare from being offered a safe target-date fund rather than a risky one. Recent empirical research suggests that human-capital betas change over one's working career. They are typically quite high during the early years when human capital represents the largest part of total wealth for most people, and they decline with age. To reflect gradual changes in human capital risk over the life-cycle from predominantly quot;stock-likequot; to mostly quot;bond-like,quot; TDFs should switch from a quot;linearquot; strategy to a quot;hump-shapedquot; strategy with respect to age.
The Charles Schwab Guide to Finances After Fifty
The Charles Schwab Guide to Finances After Fifty - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Charles Schwab Guide to Finances After Fifty write by Carrie Schwab-Pomerantz. This book was released on 2014-04-01. The Charles Schwab Guide to Finances After Fifty available in PDF, EPUB and Kindle. Here at last are the hard-to-find answers to the dizzying array of financial questions plaguing those who are age fifty and older. The financial world is more complex than ever, and people are struggling to make sense of it all. If you’re like most people moving into the phase of life where protecting—as well as growing-- assets is paramount, you’re faced with a number of financial puzzles. Maybe you’re struggling to get your kids through college without drawing down your life’s savings. Perhaps you sense your nest egg is at risk and want to move into safer investments. Maybe you’re contemplating downsizing to a smaller home, but aren’t sure of the financial implications. Possibly, medical expenses have become a bigger drain than you expected and you need help assessing options. Perhaps you’ll shortly be eligible for social security but want to optimize when and how to take it. Whatever your specific financial issue, one thing is certain—your range of choices is vast. As the financial world becomes increasingly complex, what you need is deeply researched advice from professionals whose credentials are impeccable and who prize clarity and straightforwardness over financial mumbo-jumbo. Carrie Schwab-Pomerantz and the Schwab team have been helping clients tackle their toughest money issues for decades. Through Carrie’s popular “Ask Carrie” columns, her leadership of the Charles Schwab Foundation, and her work across party lines through two White House administrations and with the President’s Advisory Council on Financial Capability, she has become one of America’s most trusted sources for financial advice. Here, Carrie will not only answer all the questions that keep you up at night, she’ll provide answers to many questions you haven’t considered but should.
Designing Successful Target-Date Strategies for Defined Contribution Plans
Designing Successful Target-Date Strategies for Defined Contribution Plans - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Designing Successful Target-Date Strategies for Defined Contribution Plans write by Stacy L. Schaus. This book was released on 2010-03-09. Designing Successful Target-Date Strategies for Defined Contribution Plans available in PDF, EPUB and Kindle. The ultimate guidebook for navigating the new world of pensions and retirement plans In the wake of the explosive growth of defined contribution (DC) plans invested with target date strategies, and the understanding of how important these strategies can be in effectively meeting retirement income goals, plan sponsors are seeking more optimal target date approaches. This timely book provides you with in-depth answers from the nation's most qualified and experienced experts to pressing questions about DC plan design. Presents the views of individuals from all across the market Includes a broad range of plan sponsors both in the corporate world and in the public/government sectors Offers views from consultants and advisors from the most respected firms, academics who teach at leading universities, and other innovative leaders With a broad range of knowledge and insight, Designing Successful Target Date Strategies in Defined Contribution Plans helps you understand the evolution of DC plans, pulls together all angles of what it takes to develop custom target date strategies, and provides you with a look ahead to the future.
