The Only Guide You'll Ever Need for the Right Financial Plan: Managing Your Wealth, Risk, and Investments

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Asset allocation? Investment planning? Risk management? What roledoes each play in your financial security? All these elements arecritical, but how do they work together to create your overallfinancial plan?

From Larry Swedroe—the author of the bestselling series of“The Only Guide” investment books—with KevinGrogan and Tiya Lim comes a step-by-step handbook that shows youhow to develop a winning personal investment strategy and revealswhat it takes to make that strategy part of ...

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Asset allocation? Investment planning? Risk management? What roledoes each play in your financial security? All these elements arecritical, but how do they work together to create your overallfinancial plan?

From Larry Swedroe—the author of the bestselling series of“The Only Guide” investment books—with KevinGrogan and Tiya Lim comes a step-by-step handbook that shows youhow to develop a winning personal investment strategy and revealswhat it takes to make that strategy part of your overall financialplan. The Only Guide You’ll Ever Need for the RightFinancial Plan focuses on the “art” of investingand gives you the information you need to create a strategy that istailor-made for your particular situation.

Designed for savvy investors and professional advisors, thisbook offers the vital information needed for developing andimplementing an overall strategic financial plan. In this essentialresource, Swedroe outlines the basics in asset allocation and otherinvestment planning concepts and helps you:

  • Design an investment policy statement and an individual assetallocation plan
  • Locate assets in the most tax-efficient manner
  • Maintain your portfolio’s risk profile in the mostcost-effective and tax-efficient manner
  • Integrate risk management and estate planning issues into theplan
  • And much more

The Only Guide You’ll Ever Need for the Right FinancialPlan offers a handy tool to help you make more informed andprudent decisions that will go a long way to ensure a securefinancial future.

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What People Are Saying

From the Publisher
"Larry Swedroes work comes as close to being the definitiveinvestment book of our time as any that I can imagine. His greatestgift is his ability to communicate with profound simplicity,bringing clarity to the daunting challenge facing investors who areintent on reaching their financial goals."
Bill Schultheis, author of The CoffeehouseInvestor

"If you're looking to sharpen your financial thinking, let LarrySwedroe be your guide. With insights from The Only Guide You'llEver Need for the Right Financial Plan, you should be able toraise your financial game—and maybe boost your family'swealth."
Jonathan Clements, author of The Little Book ofMain Street Money

"Just as every successful builder needs a blueprint, so too doesevery successful investor need a personally tailored investmentpolicy. How much stocks, how much bonds? Foreign versus domestic? When and how to begin Social Security or withdrawing from your IRA'Larry Swedroe plots your financial life from cradle to grave (andeven beyond). Don’t invest without it!"
William Bernstein, author of The Four Pillars ofInvesting

"This is a most excellent book! Either as a great educationalread or an indispensible reference, The Only Guide You'll EverNeed for the Right Financial Plan will pay you back many timesover the cover price."
Harold Evensky, President, Evensky & Katz

"If you have investing experience, and want to improve yourportfolio, this is the book to read."
Taylor Larimore, coauthor of The Bogleheads’Guide to Investing

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Product Details

Meet the Author

LARRY E. SWEDROE is Principal and Director of Research forThe Buckingham Family of Financial Services, which includesBuckingham Asset Management and BAM Advisor Services. BuckinghamAsset Management manages more than $2 billion in assets forindividuals, businesses, trusts, not-for-profits, and retirementplans. BAM Advisor Services provides turnkey asset managementservices for more than 120 registered investment advisor firms andmanages or administers more than $9 billion in assets. Swedroe hasheld executive level positions at Prudential Home Mortgage,Citicorp, and CBS. He frequently speaks at financial conferencesthroughout the year and writes the blog “WiseInvesting” for CBS

KEVIN GROGAN is an Investment Advisor Associate for TheBuckingham Family of Financial Services.

TIYA LIM is an Investment Strategy Manager for TheBuckingham Family of Financial Services.

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Table of Contents




Chapter 1 The Uncertainty of Investing.

Efficient Frontier Models.

Chapter 2 The Investment Policy Statement.

The Foundation of the Investment Plan.


Chapter 3 Asset Allocation.

The Ability, Willingness, and Need to Take Risk.

When Conflicts Arise.

Risk Factors.

Chapter 4 Equities.

Equities versus Fixed Income.

U.S. Equity versus International Equity.

Emerging Markets.

Value versus Growth.

Real Estate.

Your Home.

Collateralized Commodity Futures (CCF).

Socially Responsible Investing (SRI).

Chapter 5 Fixed Income.

Credit Quality.

Short-Term versus Long-Term Maturities.

Municipal Bonds.

Inflation-Protected Securities.

Short-Term Fixed Income versus TIPS.

Chapter 6 Alternative Investments.

Convertible Bonds: Not Recommended.

Covered Calls: Not Recommended.

Fixed-Income Currency Exposure: Generally Not Recommended.

EE Bonds: Recommended.

Emerging Market Bonds: Not Recommended.

Equity-Indexed Annuities (EIAs): Not Recommended.

Gold: Not Recommended.

Hedge Funds: Not Recommended.

High-Yield (Junk) Bonds: Not Recommended.

Leveraged Buyouts (LBOs): Not Recommended.

Leveraged Funds: Not Recommended.

Master Limited Partnerships (MLPs): Not Recommended.

Mortgage-Backed Securities (MBS): Not Recommended.

Precious Metals Equities (PME): Not Recommended.

Preferred Stocks: Not Recommended.

Private Equity (Venture Capital): Not Recommended.

Stable-Value Funds: Generally Not Recommended.

Structured Investment Products: Not Recommended.

Variable Annuities: Not Recommended.

Chapter 7 Liabilities and Asset Allocation.


Prepay the Mortgage or Increase Tax-Advantaged Savings?

Other Liabilities.


Chapter 8 Individual Securities or Mutual Funds.



Size Matters.

Advantages of Individual Securities.

Separate Account Managers.

A Word of Caution.


Chapter 9 Active versus Passive Management.

The Evidence.

The Search for the Holy Grail: Why Is Persistent Outperformanceso Hard to Find?

The Value of Economic Forecasts.

The Value of Security Analysis.

Buy, Sell, or Hold?

The Tyrannical Nature of an Efficient Market.

The Prudent Investor Rule.

The Benefits of Passive Investing.


Chapter 10 The Asset Location Decision.


Order of Preference.

Additional Considerations.

Advanced Concept.

Balanced and Lifestyle Funds.

Chapter 11 The Care and Maintenance of a Portfolio.


Tax Management Strategies.

Final Considerations.


Chapter 12 College Savings Plans.

529 Plans.

Coverdell Education Savings Accounts.

Custodial Accounts.

U.S Savings Bonds.

Financial Aid Impact.

Chapter 13 Insurance.

Risk Management.

Payout Annuities.

Long-Term Care Insurance (LTCI).

Life Settlements.

Chapter 14 IRAs and Retirement/Profit Sharing Plans.

Roth versus Traditional IRA.

Five key Facts.

What to Do When Retirement Plan Choices Are Poor.

IRA Conversions.

Chapter 15 Social Security.

Is Social Security a Balance Sheet Asset?

Double Dipping Strategy.

Chapter 16 Determining a Safe Withdrawal Rate.

Monte Carlo (MC) Simulations.

In Absence of an MC Simulator.

The Sequence of Withdrawals to Fund Retirement.

Chapter 17 Planning Beyond Your Lifetime.

Estate Planning.

Preparing Your Heirs.


Appendix A Effective Diversification in a Three-FactorWorld.

Appendix B Dollar Cost Averaging.

Appendix C Reverse Mortgages.

Appendix D How to Choose an Adviser You Can Trust.




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Customer Reviews

Average Rating 3.5
( 4 )
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Sort by: Showing all of 4 Customer Reviews
  • Anonymous

    Posted March 28, 2011

    Highly Recommend this book

    I have enjoyed every Larry Swedroe book I have read. He does a great job of breaking down topics and helping the common person really understand the important factors for the "Right Financial Plan". Don't only read this book, but read all of Larry's books and you will be much smarter.


    1 out of 2 people found this review helpful.

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  • Anonymous

    Posted September 2, 2013

    Product explanation galore

    How do I create a needs based finacial plan? Limited information based on the book title

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted December 13, 2011

    No text was provided for this review.

  • Anonymous

    Posted January 8, 2011

    No text was provided for this review.

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