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Informationen zum Autor HANK PARROTT is founder and President of Estate & Financial Strategies, Inc., a Tennessee-based firm providing a full range of financial advising and estate planning services that has served thousands of clients throughout the country. Specializing in estate and retirement planning; insurance and annuities; and tax planning, Parrott is a Chartered Financial Consultant (ChFC), an Accredited Estate Planner (AEP), and a Registered Financial Consultant (RFC). Klappentext Designed for the individual investor looking ahead to retirement, Seven Steps to Financial Freedom in Retirement offers unfettered access to financial consultant Hank Parrott's twenty years of professional experience. For a fraction of the price you'd pay for a personal advisor, you too can learn the insider secrets that ensure a comfortable retirement. Offering a simple approach to retirement planning that utilizes a customized "Financial Lifestyle" guide to see how much money you, as an individual, need to live on after your working days are over, Hank explains the basics of IRAs and 401(k)s, before launching into a more in-depth discussion of the strategies and tax implications involved in getting the most value from your retirement accounts. Using detailed questionnaires to determine your specific personal financial goals and the rate of return needed to achieve them, Seven Steps to Financial Freedom in Retirement is able to provide a clear plan detailing which investments will meet this desired rate at minimum risk. Annuities, stocks, bonds, mutual funds, and CDs are all addressed, as are the essentials of estate planning, the perils of "stock picking," and everything else you could ever need to know to make sure you're ready to retire. All with the insight and wisdom that only an established expert can provide. Essential for everyone concerned about their financial future, the book is designed to help you to draw a road map connecting the resources you have, those you will need to retire, and an in-depth look at the details of the products and accounts that will get you where you want to be. An invaluable resource, Seven Steps to Financial Freedom in Retirement has something for everyone, regardless of whether retirement is a distant dream or a looming reality. Zusammenfassung An interactive guide to mapping your retirement plans In Seven Steps to Financial Freedom in Retirement! financial advising and estate planning expert Harold Parrott guides the reader through the sometimes murky waters of retirement planning. Inhaltsverzeichnis Introduction xiii Chapter 1: Getting the Nest Egg Ready to Hatch 1 A New Approach 2 What You've Got 5 Where Are Your Retirement Resources? 11 Looking Forward 15 Chapter 2: Putting Your Assets to Work for You 17 The Old Way: Maximizing Returns Based on Risk Tolerance 17 The Hank Parrott Way: The Smart Money Approach 19 Looking Forward 29 Chapter 3: IRA Mastery 31 Planning for Taxes 32 What Makes Up a Traditional IRA? 35 Traditional and Roth IRAs: Learn the Difference! 39 Tax Considerations When Investing IRA Assets 43 Taking Distributions from Traditional IRAs 45 Estates and IRAs 48 Passing It Along 49 Looking Ahead 51 Chapter 4: Enhancing Your Retirement with Built-In Guarantees: Annuities, Bonds, and CDs 53 Bonds: What Is Guaranteed and What Is Not 53 Annuities: Separating Myths from Truth 58 CDs: A Key Element in an Income-Generating Retirement Portfolio 73 Putting It All Together: Investing for the Long Term 82 Chapter 5: How the Smart Money Invests 83 Learning through Trial and Error 84 The Real Story 85 Starting Off: The Retirement Investor Quiz 89 Busting the I...
