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CHAPTER ONE
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And Now They Are Retiring
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Pension? What Pension?
Living Longer May Present a Problem
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Baby Boomers
Demographics
Retirement Planning
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Investment Advice Tsunami
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CHAPTER TWO
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Unexpected
the
Dow Jones Industrial Average Historical Returns
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The Economy Collides With Derivatives
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The Human Side of Financial Loss
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A Huge Responsibility
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CHAPTER THREE
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Other Frauds and Scams
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The Biggest Ponzi Scheme Ever
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The Promissory Note Scheme
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It Pays to Be Cautious
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CHAPTER FOUR
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ə
Phantom Income and Taxes on Social Security
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The “Senior Only” Tax
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The Key Word Is “Reportable”
Reportable vs. Non-Reportable Income
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Three Bucket System
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Eliminating the Tax Bite
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Roth IRA Contributions Quick Facts
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Phantom Income Tax
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Plugging the Leaks
Hidden Fees
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CHAPTER FIVE
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Investment X
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Now by a Show of Hands…
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Sifting Through the Noise
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The History of Annuities
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Variable Annuities
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Fixed Index Annuities
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Why Call It a “Fixed Index Annuity?”
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Looking Under the Hood
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Crediting Strategies
Other Strategies
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Hybrid Annuities
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The “G” in the GLIB, GLIR, GLWB
Distribution Formulas
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CHAPTER SIX
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What
Went Wrong?
Stock Market Performance
Over Last 30 Years
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Sequence of Returns
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Jim’s stock market losses:
Andy’s stock market losses:
How Jim and Andy were affected by the sequence of returns
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Dollar-Cost Averaging
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Reverse Dollar-Cost Averaging
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CHAPTER SEVEN
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The Perfect Economic Storm
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The GAO Recommendation
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CHAPTER EIGHT
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Should I Take It at 62?
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Finding Good Advice
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Baby Boomers Demographics
Social
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and Medicare
Security
CHAPTER NINE
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Long-Term-Care Insurance
Traditional
Alternative LTC Coverage
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Life/LTC Hybrid
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Annuity Combo
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Not All Policies Are the Same
Miscellaneous Information about LTC
Disqualifiers
Things That Are Good to Know
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From a Planning Point of View…
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CHAPTER TEN
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Avoiding Probate
Probate Horror Stories
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To Trust or Not to Trust
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CLIMBING THE RETIREMENT MOUNTAIN | 111 Where an RLT Can Come in Handy
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a Living Trust WON’T do The Case for Living Wills
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Power of Attorney
Updating Beneficiaries
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CHAPTER ELEVEN
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The Origin of Life Insurance
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Why We Have Life Insurance
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The Insurance Revolution
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CLIMBING THE RETIREMENT MOUNTAIN | 123 A Look “Under the Hood” of IUL
Moving Parts
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What Ed Slott Says
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How Safe Are Insurance Products?
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CHAPTER TWELVE
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Fiduciaries vs. Suitability Advice
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the Right Thing
Doing
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Taking Ownership of Your Finances
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Choosing the Right Financial Adviser for YOU
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The Peak and Beyond
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Family Life
Professional Life
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Life
Family
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Professional Life
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