Saving for Retirement (Without Living Like a Pauper or Winning the Lottery) Updated and Revised

This book will relieve confusion and barriers to action for Americans who are increasingly worried about retirement.. The book removes everything from the reader's path that typically trips people up and hits the sweet spot for everyone aged 18 to 60. Using new figures (including troubling new projections of healthcare and long-term care costs), the author helps readers calculate exactly how much money they’ll need and how to get there. She presents easy, proven investing strategies for anyone at any age that will transform pocket change into hundreds of thousands of dollars. Packed with her readers’ personal stories, this book teaches powerful professional financial planning principles – but makes them simple enough for anyone to apply on their own.

Introduction     xxi

Chapter 1: Start Investing Early or Start Now     1

Chapter 2: Know What You’ll Need     9

Chapter 3: Savings on Steroids: Use a 401(k) and an IRA     41

Chapter 4: An IRA: Every American’s Treasure Trove     61

Chapter 5: IRA Decisions: How to Start and Where to Go     67

Chapter 6: Why the Stock Market Isn’t a Roulette Wheel     91

Chapter 7: What’s a Mutual Fund?     111

Chapter 8: Making Sense of Wacky Mutual Fund Names     123

Chapter 9: Know Your Mutual Fund Manager’s Job     137

Chapter 10: The Only Way That Works: Asset Allocation     165

Chapter 11: Do This     177

Chapter 12: How to Pick Mutual Funds: Bargain Shop     201

Chapter 13: Index Funds: Get What You Pay For     209

Chapter 14: Simple Does It: No-Brainer Investing with Target-Date Funds     231

Chapter 15: Do You Need a Financial Adviser?     243

Index     253