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Index AARP Public Policy Institute, 167 Bogle, John C., 100 Academically Adrift (Arum and Roksa), 79, Bond categories, 91 83--84 Bond issuer risk, 93 Accelerated degrees, 85 Bond maturities, 104 Accounting education, 78–79 Bond rate, 92–93 Actuarial risks, 175 Bond risks, 92–93 Adaptation, 51 Bond yields, 104 Advisors, 133. See also Financial planners Bonds, 87, 91–92 Aggressive growth objective, 125--126 Boston Consulting Group, 48 Alexander, Lamar, 78–79 BRICs, development of, 50 Allowances, 20 Broker fees, 102 Alternative investments portfolio Brokers, 130–131 characteristics, 128 Budgets, 9 American Express OPEN State of Women- Budgets and budgeting Owned Businesses, 29 about, 153–155 American Society of Home Inspectors, 144 debt, 160–161 Analysis, 70 defi ned, 162 Appraisal, 144 living costs, 157–160 Arguments, 20–21 software for, 155–156 Arum, Richard, 79 steps for, 154 Asia, 41 unanticipated expenses, 156–157 Asking price, 148 Business startups, 28–29 Asset allocation, 116–118 Buyer agents, 140 Asset bloat, 104 Asset classes Career changes, 65–67, 81–85 cash equivalents, 89–90 Carnevale, Anthony, 74 characteristics of, 118 Cash equivalents, 89–90 risk and return profi les, 110 Cash leakage, 157 subcategories of, 87–89 Catalyst, 37 Autor, David, 74 Census Bureau, 30 Census data, 35 Baby Boomers, 168,COPYRIGHTED 171 Center MATERIALon Education and the Workforce, Bank accounts, 11 55–56 Behaviors, 17 Certifi cates of deposit (CDs), 89–90 Bernanke, Ben, 53–54 Chang, Gordon, 43 Bibbe, David, 146 Child care responsibility, 60 Big picture, 14 China Bismarck, Otto von, 164 censorship and human rights in, 43 Blackman, Clark M., II, 168 economic growth of, 42–43, 95–96 Blue chip stocks, 88 economic power of, 44–45 Blue collar work, 70 relationship with, 3 185 bbindex.inddindex.indd 118585 003/10/113/10/11 99:19:19 AAMM 186 Index China (continued ) Department of Veterans Affairs, 139 strength of, 50 Dew, Jeffrey, 18 troubles in history of, 41 Dinosaur Securities, 67–68 U.S. exports to, 46 Dirty jobs, 57–58 China-fi rst rules, 45 Discipline, 34 Chinese Development Company, 97 Discussions about fi nances, 15 Christine-Ali Test, 120 Diversifi cation benefi ts, 114–116 The CIA World Factbook, 42 Diversifi cation of portfolio, 96 Clark, Xander, 145–146 Diversifi ed fi xed income portfolio Closing, 145 characteristics, 127–128 College debt, 82 Diversifi ed portfolio, 114 College degree, 71–85 Dividend-paying stocks, 99 as investment, 85 Dividends, 94–95 length of time to earn, 77 Divorce, 22 market value of, 74–75 Down payments, 139 need for, 71 three year program, 79 Earnings College education college degree majors and, 56, 84 opportunities through, 72 gender gap in, 61 views regarding, 77, 79–80 Economizing, 10–11 College tuition costs, 75 Education The Coming Collapse of China (Chang), 43 future earning power and, 73 Communication failure, 17–18 high school vs. college, 73 Communications growth, 40 income level and, 56 Competitive pressure, 72 postsecondary, 72 Compromising, 25–26 as priority, 76 Condo fees, 143 Education levels, 54 Condominiums (Condos), 142--143 Effi cient frontier, 117 Confi dence, 27–29, 38 Electronic banking, 155 Connections, 63 Emerging markets, 101 Consumer prices, 72 Empathy trap, 36 Conversations about money, 18–26 Employment, 53–70 Co-ops, 142 Equifax, 138 Correlation, 114–115 Europe, 41 Cost of living, 157 Exchange traded funds (ETFs), 98, 102 Cost reduction Exclusive buyer agents, 140 about, 158 Expense categories, 155 home assessment appeal, 159–160 Expense ratios, 98 mortgage refi nancing, 159 Expenses during retirement, 166–168 tax reductions, 159 Expenses to assets ratio, 100 trivial costs, 158–159 Experian, 138 Cover letter, 64 Extended family living, 10 Credit condition, 138 Credit reports, 138 Fannie Mae, 139 Cunningham, Gail, 22 Fast Company (magazine), 62 Currency manipulation, 49 Federal Deposit Insurance Corporation Currency pegs, 49–50 (FDIC), 90 Current yield, 92 Federal Housing Administration,, 139 Federal Republic of Germany, 97 Debnam, Dean, 30 Federal Reserve, 54 Debt, 160–162 Fights/disagreements about family fi nances, Demographics, 33 15–26 Deng Xiaoping, 42 Financial advisors, 8, 129–133 Department of Labor, 58, 60, 156 Financial dates, 18–19 bbindex.inddindex.indd 118686 003/10/113/10/11 99:19:19 AAMM Index 187 Financial decision responsibility, 31 Health care industry, 81 Financial goals, 34–35, 121–122 Hiding debt behavior, 17 Financial information sources, 97 High risk tolerance (growth), 120 Financial planners, 130–131 High school diploma, 71–72 Financial products, 88 Hirschorn, Doug, 32–33 Financial stresses, 22–23 History of business, 40–41 Fixed income investments, 91 The History of Retirement: From Early Man to Fluency, 1 A.A.R.P. (Wesiman), 165 Flynn, Douglas K., 16, 19–20, 119, 125 Hita, Tahira, 35 Food, 10 Home assessment appeal, 159–160 Forbes (magazine), 97 Home buying pointers, 138 Forbes Woman, 17 Home inspection, 144 Foreclosure rates, 135 Home staging, 148 Foreign countries, advantages of, 71 Homes, buying 401k plans, 168–170 credit condition, 138 Fox, Mindy, 69 down payments, 139 Francis, Stacy, 16, 63 income requirements, 138–139 Freddie Mac, 139 negotiation, 143–144 Frugality, 10 real estate agents, 139–141 Fund expenses, 103 search for, 141–143 Funds Homes, selling. See Selling homes consistency in, 99 Honesty, 26 expenses, 100 Housing, 131–151 mutual funds, 98 about, 135–136 asking price, 148 Gallup survey, 23 closing, 145 Gardere, Jeff, “Dr. Jeff,” 24–25 defi ned, 151 Gender gap in earnings, 61 home buying, 138–145 Gendernomics, 27–38 market changes, 149–151 General Motors, 72 public agencies, 139 Gift taxes, 139 renting vs. buying, 145–146 Gilliam, Tig, 64 selling, 146–149 Global competition websites regarding, 141 international competition, 42–43 Housing bubble, 135–136 U.S. hegemony, 40–42 Housing liquidity, 137 Globalization HUD Settlement Statement, 145 about, 39–40 Huettel, Scott, 32 defi ned, 51 education needed for, 71 Income requirements, 138–139 fi nancial information availability, 97 Income taxes, 169 of money, 39–51 Income with capital preservation objective, views of, 45–48 124--125 Golden years, 176 Income with moderate growth objective, Good-faith deposit, 144 124, 126 Google, 43 Income-based replacement, 80 Grade school education, 75–76 Index funds, 98–102 Great Depression, 165 Individual retirement accounts, 139 Green jobs, 58–60 Infl ation effects, 111 Grossman, Glenn, 67–68 Infl ation risks, 175 Growth objective, 124, 126 Information dissemination, 40 Growth with income objective, 124, 126 Information technology (IT), 81 Instruments, 105 Hamilton Project, 75 Internal factors, 5–6 Health care costs, 166 International bonds, 97 bbindex.inddindex.indd 118787 003/10/113/10/11 99:19:19 AAMM 188 Index International equity portfolio Large, mid, and small cap equity portfolio characteristics, 127 characteristics, 127 International investing, 95–97 Large-cap stocks, 110 Internet, 97 Lawyers, 148 Intuit (research fi rm), 61 Leonhardt, David, 74 Investing, 87–105 Liberal arts education, 84 about, 87–89 Life expectancy, 166 bonds, 91–92 Listing agreement, 147 cash equivalents, 89–90 Living below one’s needs, 9–10 exchange traded funds (ETFs), 102 Living costs, 157–160 index funds, 99–102 Loibl, Cäzilia, 35 international investing, 95–97 Long-term unemployment, 53, 65–67 investment research, 102–104 Love, 26 in the market, 97–98 Low risk tolerance (income with moderate mutual funds, 98–99 growth), 120 price vs. yield, 92–94 stocks, 94–95 Manufacturing changes, 48–49 Investing principles, 118 Market cycles, 107 Investing style, 103 Market investing, 97–98 Investment advisors, 105 Market transparency, 101 Investment criteria, 133 Marketplace, 105 Investment objectives, 124–125 Mavericks at Work (Taylor), 62 Investment principles Medicare, 173–174 asset allocation, 116–118 Men in workforce, 172–173 diversifi cation benefi ts, 114–116 Mercer, 68 risk vs. return, 107–114 Merlino, Nell, 27–29 time is your friend concept, 114 Miller, Lee, 35–38 Investment profi le, 133 Model portfolio, 125–128 Investment questionnaire Moderate risk tolerance (growth with about, 120 income), 120 fi nancial goals, 121–122 Modern portfolio theory, 116 risk tolerance, 122–123 Mom-preneurs, 61 time horizon, 121 Money Investment research, 102–104 approach to, 3 Investment risks, 175 lending, 87 Investor scorecard, 123 understanding, 4 Investor segments, 119 uses of, 2–3 IRA plans, 168–169 Money (magazine), 176 IRAs, 170–171 Money habits, 16 Money market deposit funds, 89–90 Japan, 41 Money market mutual funds, 89–90 Job dissatisfaction, 68–69 Moolala (Sellers), 13 Job losses, 49 Mortgage, defi ned, 151 Job seeking, 63. See also Employment Mortgage brokers, 141 Jobless rate, education level and, 73 Mortgage lenders, 141 Junk bonds, 93 Mortgage refi nancing, 159 Municipal bonds, 94 Kantrowitz, Mark, 82 Mutual funds, 98–99 Kurtz, Rod, 61 National Endowment for Financial Labor costs, 71 Education, 17 Labor rates, 29–30 National Foundation for Credit Counseling Ladder jobs, 57–58 (NFCC), 22 bbindex.inddindex.indd 118888 003/10/113/10/11 99:19:19 AAMM Index 189 Needs vs. wants, 8 Profession investment advisors, 133. See also Negotiation, 35–38, 143–144 Financial planners Neuroeconomics, 32 Programs to fund retirement, 168–171 New York Times, 136, 165 99ers, 55 Quicken (software), 155 Obama, Barack, 80 Rating agencies, 93 Oil prices, 48 Real estate. See Housing Old Age Insurance (OAI), 173–174 Real estate agent selection, 147 Open house, 148–149 Real estate agents, 139–141, 151 Openess, 26 Real estate commission, 147–148 Orr, Bill, 44–45 Real estate websites, 146 Osler, William, 164–165 Reale, Linda, 60–61 Overview, 1–10 Rebalancing portfolio, 128–129 Recession, 107 Parenting, 29–30 References, 63 Passive funds, 99 Regulation costs, 71 Past performance, 103 Relocation, 176 Paternal child-raising, 29–30 Renting vs.
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