Retirement Gps: How to Navigate Your Way to A Secure Financial Future with Global Investing - Softcover

Katsman, Aaron

Softcover

ISBN 10: 007181406X ISBN 13: 9780071814065

Verlag: McGraw-Hill Education, 2013

Inhaltsangabe

The secret to ensuring financial peace of mind in retirement? INTERNATIONAL INVESTING Building a solid retirement portfolio while ignoring the global economy is simply not a reality anymore. While still strong, the U.S. economy is no longer the only big player on the scene. China, India, Turkey, and Brazil are just a few of the many powerful upstarts in global markets. The world has changed for good--and your portfolio must change with it. Financial advisor Aaron Katsman steers you in the right direction by providing you with a Global Portfolio Strategy (GPS) tailored specifically for today's diverse world economy. In Retirement GPS, Katsman calls for a more balanced portfolio in light of today's realities--one that places heavy emphasis on foreign investments. This no-nonsense guide teaches you: Why international investing is critical to your retirement portfolio Where the best places to begin investing are--from Scandinavia to the Middle East How to invest in foreign stocks and bonds Set your course for a happy, safe financial future. The tool you need is right at your fingertips--Retirement GPS.

Über diesen Titel

Über die Autorin bzw. den Autor

Aaron Katsman is president and CEO of Lighthouse Capital, LLC, a boutique investment firm serving a global clientele. A regular contributor to SeekingAlpha.com, he is author of the investment blogs at www.gpsinvestor.comand www.aaronkatsman.com.

Tamela M. Rich is a business writer based in Charlotte, North Carolina.

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Retirement GPS

How to Navigate Your Way to A Secure Financial Future with Global Investing

By Aaron Katsman

McGraw-Hill Education

Copyright © 2013 Aaron Katsman
All rights reserved.

ISBN: 978-0-07-181406-5

Contents

FOREWORD
ACKNOWLEDGMENTS
CHAPTER 1 Matching Retirement Lifestyle with Retirement Income
CHAPTER 2 A Fresh Approach to Asset Allocation
CHAPTER 3 A Primer on International Investing
CHAPTER 4 Around the World with the GPS Retirement Portfolio
CHAPTER 5 Investing in Foreign Stocks
CHAPTER 6 How to Invest in Foreign Bonds
CHAPTER 7 Putting It All Together
APPENDIX A Budget Worksheet
APPENDIX B Investment Criteria for International Markets
NOTES
INDEX

CHAPTER 1

Matching Retirement Lifestyle with Retirement Income

When I was 10 years old, I got my first job; I was a newspaper delivery boy forthe West Seattle Herald. There were probably 50 subscribers on my route, amanageable number for a kid to deliver to once a week. But the Herald wanted meto deliver an advertising supplement to about 500 other homes as well. I was agood boy and delivered the supplements for a year. I wasn't too keen ondelivering the advertising supplement, and after a while I figured that I couldget away with just delivering the subscriptions. Sure enough, that worked.

For about a month.

Remember, this was Seattle, Washington, which gets about 38 inches of rain everyyear but doesn't get enough sunshine to dry it up. After about a month ofleaving the supplements in my driveway, you can imagine the pulpy mess thatgreeted my supervisor when she drove past my house. If you also imagined thatthis did not end well for me, you were right. I was fired from my first job atthe ripe old age of eleven and a half.

What's that got to do with a book about retirement? It taught me the folly ofshortcuts. I find that in life, if you follow the rules, you'll be okay.Retirees who invest in get-rich-quick schemes almost always lose everything;those who don't save because they intend to win the lottery almost always end upwith nothing.

Why I Wrote This Book

Plain and simple, most of the books, advice columns, and radio and TV programson retirement planning rely on outdated notions of what retirement means in thetwenty-first century. Also, too few of the authors of these books highlightinternational investment strategies and vehicles. In advising a globalclientele, I've found that international investing is key in achievingpersonalized retirement goals. More on that later.

While my retired clients span the globe, they seem to have similar goals andneeds—helping their children, more travel, philanthropy, and enjoying theirnewfound free time. Let's start with what real people, not paid spokespersonsfor financial services companies, have to say about their goals andexpectations. The 2011 SunAmerica Retirement Re-Set Study poll revealed thefollowing:

• Retirees have a new outlook. Today, 54 percent of Americans view retirement asa new chapter in their life, rather than a winding down—a significant increaseover the 38 percent that held a similar view a decade ago.

• Retirement is being postponed. Preretirees say that they now intend to delayretirement by five years—from 64 to 69—in part as a result of increasinglongevity, along with the 2008 recession and newly projected financial need.

• Retirement no longer means the end of work. Almost two-thirds of those polledsay that ideally, they would like to remain productive and include some work inretirement so that they can stay active and involved.

• Financial peace of mind is now six times more important than accumulatingwealth. In fact, 82 percent name it as their key financial goal.

• Unexpected multigenerational family assistance has become the new retirementwild card. Preretirees must balance their retirement plans with the possibilityof their having to support aging relatives, adult children, grandchildren, andsiblings. Nearly half of Americans 55 and older expect to be providing thissupport and, in a new twist on child-care, 70 percent of those believe thattheir adult children will need financial assistance.

I am convinced that most people writing pre- or postretirement information havenever sat with a living, breathing client. Nothing is personalized. There is nofocus on the client's goals. Nothing is real. They assume that a genericretirement lifestyle of walks on the beach and exotic vacations is a universalaspiration.

What about the person who wants to spend as little as possible during hislifetime so that he can leave a legacy to a favorite cause or to his family? Ihave several clients who have achieved that goal.

What about those who want to see their financial contributions take root inpeople and institutions during their lifetimes and who don't care to endowanyone after their death? I've helped people bring this to fruition, too.

I find that celebrity financial gurus dish out irrelevant information aboutgoing after returns that outperform market benchmarks when they should behelping people balance their retirement lifestyles with their retirementincomes. Anyone who doesn't take this approach is pitching products, notpracticing financial planning.

"Wait," you say. "Outperforming the market is irrelevant?"

Yes, for most retirees it is irrelevant because what matters to retirees isfinancial peace of mind. The SunAmerica research backs this up.

The main financial difference between people who have retired and those whohaven't is the source of their income. Retirees are funding their lifestylechoices with retirement income, and everyone else is funding their lifestylechoices with nonretirement income. No matter what your stage in life, you've gotto balance your income with your expenses. That's playing by the rules.

The Biggest Financial Mistakes Retirees Make

I will set forth a new paradigm for a retiree's investment portfolio soonenough. Some of this advice you will embrace, and other parts you will ignore.Regardless of how much of your nest egg you decide to invest in the GPSretirement portfolio, I hope you'll avoid these top five mistakes that I seeretirees make time and again.

Mistake 1: staying on autopilot. I recently met with a well-off American lawyerwho was here in Israel visiting his children. He asked to meet with me becausehe wasn't happy with his investment advisor. His broker of many years hadretired, and the new one he had been assigned to had never taken the time to getto know him. His now-retired broker had made a practice of calling the busylawyer with interesting ideas and both portfolio and market updates, and hemissed that kind of personal service. The lawyer was also disappointed with hisinvestment returns and thought that his portfolio should have performed betterbased on the market's performance during the same period. When I asked him whyhe hadn't transferred his account to a different firm, he said that he was verybusy and hadn't had the time to get around to it.

Investors need to stop running on autopilot. They need to take control and makesure that their money is working efficiently. This doesn't...

Details zur Ausgabe

• Verlag: McGraw-Hill Education
• Erscheinungsdatum: 2013
• Sprache: Englisch
• ISBN 10: 007181406X
• ISBN 13: 9780071814065
• Einband: Taschenbuch
• Anzahl der Seiten: 224
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: gpsr@libri.de; gpsr@libri.de; ; Friedensallee 273; Hamburg; 22763; Deutschland