One Page Financail Plan
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Chapter Overviews

Chapter 1 – The One Page Retirement Plan - What it is. Gives you an overview of the One Page Retirement Plan Report, what it looks like. how it's generated and an example of how one was developed. The One Page Retirement Plan is able to be generated on the www.onepageretirement.com site. You can view and navigate through the software by registering for the FREE Basic System on the web site.

Chapter 2 - The Budget – Getting control of your costs is the most critical and important aspect of developing a viable Retirement plan. The chapter explains why it is so important. It explains how to create a budget and what specific level of detail you need. It shows you different ways to get the information you need for your budget and track it on a year by year basis, such as using software like Quicken or through On-line banks that provide breakouts of your expenditures. There is a One Page Budget Worksheet on the www.onepageretirement.com web site that enables you to prepare a detailed budget that you can readily enter into your Plan.

Chapter 3 –Projecting Inflation – Takes a look at inflation and deflation from an historical perspective and derives a “going in” inflation rate. It shows you how this rate is used as a basis to arrive at your own “Personal Inflation Rate” in the next chapter.

Chapter 4 – Preparing a Multi-Year Budget – Explains what a multi-year budget is and why it’s important. Shows how we use the multi-year budget to develop your “Personal Inflation Rate” which is then used in the One Page Retirement Plan. There is a One Page Multi-year Budget Form on the www.onepageretirement.com web site that enables you to enter detailed budget information, have it projected out for you into the future and have it used by you in your One Page Retirement Plan.

Chapter 5 – Developing a Retirement Budget – Takes you step-by-step through the process of developing a Retirement Budget. For a person in their 60’s it’s an easy jump from their current expenses to determine what they’ll need to live on in retirement. But for someone who is in their 30’s it seems like an impossible task. This chapter shows you how to use your current budget to develop a retirement budget, regardless of your age and no matter what stage of life you are in.

Chapter 6 – Funding Education Expenses – Discusses the various ways to fund your children’s or grandchildren’s education and walks you through the One Page Education Funding software that is found on the www.onepageretirement.com web site, so that you can come up with a practical approach to funding education costs. I then review the most effective investment alternatives you can use to fund a child’s education. Once an education plan is arrived at it is integrated, through the software, into your One Page Retirement Plan.

Chapter 7 - The Retirement Planning Process - Shows you how to get from Start to Finish. The chapter takes you through in detail how to develop your own Retirement plan using the One Page Retirement Plan Software on the www.onepageretirement.com web site. It details the information you need to prepare a plan, the assumptions you’ll need to make and how they are derived, and how to enter it into the ONE PAGE RETIREMENT PLAN System.. Examples of four (4) plans are illustrated for:

                   • A Young Family – (Age 25-40)
                   • Middle Years – (Age 40-55)
                   • Nearing Retirement - (Age 55-65)
                   • In Retirement – (Age 65+)

These plans not only show you what the plan looks like but it takes you through, in detail, how the input was derived, and how the initial plan was evaluated and “re-worked” to get it to a stage where it was able to be implemented successfully. It’s a practical “how to” guide that takes you through the complete planning process.

Chapter 8 – How to Get a Return on Investment (ROI) to meet your Retirement Goals – Through the ONE PAGE Retirement PLAN software you will derive a long term Rate of Return they will need to meet or beat in order to achieve your Retirement goals. I call this your “Hurdle Rate”. You don’t have to “Beat the Market” to reach your Retirement goals, you only have to beat your personal “hurdle rate”. This section describes how to allocate assets to get to your hurdle rate. It discusses the fallacies of and the traps you can fall into when using generalized asset allocation models presented by financial organizations (i.e. Banks, Mutual Funds, Insurance Companies, etc). The section shows you an easy and practical way to determine your “Risk Tolerance” and arrive at the asset mix that not only beats your “hurdle rate” but stays within your risk parameters.

Chapter 9 – Investment Strategies: The Not so Good, The Bad, and the Ugly –At this point you should have been able to develop a workable Retirement plan. What remains is to determine how to pick the investments needed to fulfill that plan. This chapter deals with, from my experience, the types of investments and strategies that either you should avoid or, at best, get some good advice before proceeding. These include:

                   • “Too Good to be True” Investments
                   • The Buy and Hold Strategy
                   • Asset Allocation simply by Age
                   • Life Insurance as an investment
                   • Annuities
                   • CD’s
                   • Limited Partnerships
                   • Hybrid Investments
                   • Commodities
                   • Precious Metals

Chapter 10 – How to Select Investments – Having identified some of the investments you should be wary of or avoid, this chapter focuses on what should be considered for use in your investment portfolio. My primary rule was and is, to never invest in something you don’t understand. This directly correlates to my second rule, which is, Keep It Simple Stupid (KISS). The chapter covers the main asset categories that most people will invest in: Stocks, Bonds, Real Estate, Oil and Gas. I explain the different ways you can invest in each of these asset categories (e.g. Mutual Funds, ETF’s, Limited partnerships, etc), the advantages and disadvantages of each, and my preferred methods of investing in each asset class. There is a separate section highlighting good sources for income and when/where to use them.

Chapter 11 – How to manage Your IRA – As important as it is to properly select your investments it is equally as important properly place your investments either inside and outside your IRA. This chapter shows you how to do this. The chapter also shows you why you should fund your IRA first and withdraw from it last, and the effect of capital gains on your asset placement decision.

Chapter 12 – Shoulda, Woulda, Coulda – Timing is Everything - Everyone wants Nirvana. In the stock market it means buying at the low and selling at the high. Everything runs in cycles, booms and busts. In this chapter I show you several sure fire (albeit somewhat subjective) ways to know when it’s time to buy or sell in the Stock Market, Bond Market and in Real Estate. There are also several quantitative methods that I explain as well. The bottom line is that market timing has the potential to work by reducing your exposure to volatility. However being able to do it consistently over an extended period of time has been elusive.

Chapter 13 – Putting your Investment Plan All Together – This chapter summarizes how to take all the information presented so far and develop an investment plan that not only meets your specific goals, but also meets or exceeds your personal “hurdle rate” of return and stays within your risk tolerance level. The investment plan will be a direct outgrowth of your own personal Retirement Plan, not a theoretical allocation of assets.

Chapter 14 – Life Insurance – Life insurance is probably the most oversold product I know of. Aside from overselling it, when sold, it often is the wrong kind (i.e. The one that gives the agent the biggest commission). This chapter simplifies the subject of insurance. First, it discusses who needs and who doesn’t need insurance. For those who need it, The ONE PAGE Retirement PLAN software provides a One Page Insurance Calculator so you can readily calculate the amount of insurance needed for each spouse. If you have completed a detailed budget, you can accurately determine the amount of insurance needed using our ONE PAGE Retirement PLAN software. If not, I provide some guidelines. Then I discuss what type of insurance should be used or not used, in given circumstances.

Appendices – In order not to clutter up the Chapters with detailed instructions on how to use the ONE PAGE Retirement PLAN Software, I utilize Appendices to give you a “Manual” for each form. There are five One Page Forms:

       A. How the ONE PAGE Retirement PLAN works.
             Instructions on how to enter data into the ONE PAGE
             Retirement PLAN.
             How to read the results and modify the plan.
             The methods the software uses to come up with its’ results.
       B. How to fill out the Budget Worksheet.
       C. How to prepare your Retirement Budget.
       D. How to prepare your Insurance Budget.
       E. How to develop an Education Funding Plan.

Each form is fully integrated with and feeds into the main One Page Retirement Plan Software.
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