Page 7 - Ready Set Retire
P. 7
Contents
Ready Step 1: Know Thyself ........................................................1
Ready Step 2: Find a Fiduciary...................................................21
Ready Step 3: Start with What You Know...............................29
Take Control ............................................................................29
Through the Looking Glass...................................................32
Have Your Cake and Eat It Too...........................................41
Ready Step 4: Tame Your Emotions ........................................46
Ready Step 5: Bust the Myths ....................................................50
Myth #1: Average Rates of Return Matter..........................50
Myth #2: Bonds are the Safe Alternative ............................56
Myth #3: Target Funds are the Answer...............................60
Myth #4: Monte Carlo is the Way to Go ............................65
Myth #5: Taxes Are Inevitable .............................................69
Ready Step 6: Go Tactical...........................................................78
Mutual Funds vs. Exchange-Traded Funds ........................86
Try It Yourself .........................................................................95
Ready Step 7: From Saving to Spending ..................................97
Why won’t they be honest with you? ................................ 106
Ready Step 8: Double Your Income with “Last Things First™”
..................................................................................................... 110
The Cost of Waiting............................................................. 121
Variable Annuities, a Good Idea? ...................................... 123
