Plan Your Prosperity: The Only Retirement Guide You'll Ever Need, Starting Now--Whether You're 22, 52 or 82

Plan Your Prosperity: The Only Retirement Guide You'll Ever Need, Starting Now--Whether You're 22, 52 or 82

by Kenneth L. Fisher


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Whether you’re in retirement, just getting ready to retire, or 5, 10, or 40 years out, this book can help you invest smarter your whole life and yes, plan better for retirement. 

Harmful mythology abounds about retirement investing. Many retirees or soon-to-be retirees have heard a plethora of advice. Take 100 (or 120) and subtract your age to get your equity allocation, put the rest in bonds or cash. Buy only bonds. Buy only high dividend stocks. Or some combination! Buy equity-indexed annuities or some “guaranteed” income product. All examples of a potentially harmful myth many folks believe to be smart, strategic moves. 

Investors believe preparing for retirement requires a radically different set of tools or a dizzying array of products. Navigating the world of retirement products and services can be a full-time job. But investing for retirement is, in practice, not much (if at all) different from investing. In Your Retirement Plan, Ken Fisher will give readers a workable strategy to either develop their own retirement investing plan or work more successfully with a professional to increase the likelihood of achieving long-term goals while avoiding common pitfalls. The book will include easy-to-follow steps like 

  • How to think, correctly, about investing time horizon.
  • How to better figure how much income you need
  • How to determine if a portfolio can provide that income
  • How to figure how much to save each year to achieve retirement goals
  • What pitfalls to avoid
  • And more. . . . 

In this retirement planning book that's not just for retirees, Fisher will hand readers the tools and confidence they need to better plan for the future.

Product Details

ISBN-13: 9781118431061
Publisher: Wiley
Publication date: 11/06/2012
Pages: 192
Sales rank: 897,592
Product dimensions: 6.20(w) x 9.10(h) x 0.80(d)

About the Author

KEN FISHER is best known for his prestigious "Portfolio Strategy" column in Forbes magazine, where his over 28-year tenure of high-profile calls makes him the fourth longest-running columnist in Forbes's 90-plus-year history. He is the founder, Chairman and CEO of Fisher Investments, an independent global money management firm managing tens of billions for individuals and institutions globally. Fisher is ranked #263 on the 2011 Forbes 400 list of richest Americans and #764 on the 2012 Forbes Global Billionaire list. In 2010, Investment Advisor magazine named him among the 30 most influential individuals of the last three decades. Fisher has authored numerous professional and scholarly articles, including the award-winning "Cognitive Biases in Market Forecasting." He has also published eight previous books, including national bestsellers The Only Three Questions That Count, The Ten Roads to Riches, How to Smell a Rat, Debunkery and Markets Never Forget (But People Do), all published by Wiley. Fisher has been published, interviewed and/or written about in many major American, British and German finance or business periodicals. He has a weekly column in Focus Money, Germany's leading weekly finance and business magazine.

LARA HOFFMANS is Vice President of Content at Fisher Investments, managing editor of, a regular contributor to and coauthor of the bestsellers, The Only Three Questions That Count, The Ten Roads to Riches, How to Smell a Rat, Debunkery and Markets Never Forget (But People Do).

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Table of Contents

Acknowledgments ix

Chapter 1: What? Me? Retire? 1

The Imagined Dichotomy 3

Two Goals … and Some Non-Goals 4

Definitions and a Pencil 9

Start Immediately. Now. Right Away 13

Plan Your Prosperity 14

Chapter 2: My Goals Are … What? 17

Why Is This So Hard? 20

Your Investing Goals, Simply 24

Potential Pitfall: Capital Preservation and Growth 26

Inflation’s Insidious Impact 29

Three Percent, Compounded 35

Chapter 3: The Secret Code—Asset Allocation or Benchmark? 37

Benchmark—A Road Map and Measuring Stick 40

Picking a Benchmark 42

The Big Decision—Asset Allocation 45

Potential Pitfall: Age Doesn’t Equal Asset Allocation 49

Benchmark Versus Asset Allocation—What’s the Difference? 50

Chapter 4: Time Horizon—Longer Than You Think 59

Potential Pitfall: Ignoring Opportunity Cost 62

Time Horizon—What Is It? 64

Time Horizon and Benchmark 68

Chapter 5: What’s in a Return? 73

Growth Defi ned 77

The Past as a Guide? 81

Gordon Moore and Endless Innovation 90

Potential Pitfall: Unrealistic Expectations 92

Chapter 6: Getting That Cash Flow 97

Potential Pitfall—The All High-Dividend Portfolio 100

How Much Do You Need? 103

Monte Carlo—Not Just a Casino 107

Let’s Get Bootstrapping 109

Chapter 7: Can I Get There? 117

How Much Do You Have? 120

A Savings Plan 123

Chapter 8: Putting It All Together 131

To Benchmark or Not to Benchmark 134

State Your Goals 136

Know Where You Are 137

Picking an Appropriate Benchmark 138

Finding Professional Help 140

Avoid Being a Fraud Victim 143

And You’re Off! 143

Appendix A: All Hail the Mighty Dow 145

Appendix B: Cash Flow Versus Expenses 155

Appendix C: Expense Categories 161

Appendix D: Personal Balance Sheet 165

Notes 169

About the Authors 173

Index 175

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Plan Your Prosperity: The Only Retirement Guide You'll Ever Need, Starting NowWhether You're 22, 52 or 82 5 out of 5 based on 0 ratings. 2 reviews.
Book_Lover_Bob More than 1 year ago
I have read quite a few books on retirement planning and this one is not as entertaining as the others but it contains important information in a straight forward manner for anyone who needs help planning their future. I really liked this book and because it is so concise I look forward to reading it again in the future. -
Anonymous More than 1 year ago
Wonderful book... I would not have bought it as I am older and comfortable with my investment plan and performance, but Mr. Fisher's company sent me a copy... I read it on a plane trip so could discuss it with my older nieces and thought it was a fantastic starting point... So now buying a copy for my nook to have available whenever any of the youngsters in my family want to discuss... Highly recommended for all ages, but especially for an older generation person trying to persuade a younger generation member to start planning for life... Thanks Mr. Fisher...