Strategies in Personal Finance

Strategies in Personal Finance
By:Keith V. Smith,Jane A. Smith
Published on 2005 by Purdue University Press

Every family should have financial goals for the future. Being unprepared can lead to monetary chaos. Financial Management of Your Future deals with strategies for accomplishing financial goals. What investment returns are necessary to achieve explicit family goals? How are returns logically related to risks for investment opportunities that are considered? Can different families have different tolerances for experiencing investment risk? Why is asset allocation the key investment decision for most families? What are the characteristics and valuations of bonds, stocks, mutual funds, real estate and international securities that a family might consider? How should a family construct, monitor, and revise a portfolio of investments over time? How should careful estate planning be done by a family in order to delay or avoid taxes in passing on property to their children, grandchildren, and favorite charities? And how can some of the concepts and techniques from |modern portfolio theory| be helpful to a family as it attempts to answer these questions? This book deals with financial strategies for three adult age categories: (1) Families of ages twenty to forty in the earlier years of active employment, child raising, and the beginning of saving for retirement; (2) Families of ages forty to sixty in their years of maximum income, high educational expenses for their children, and more serious thinking about forthcoming retirement; and (3) Families of ages sixty to eighty having retired or approaching full retirement.

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Book ID of Strategies in Personal Finance's Books is PaYr6o5Bu1oC, Book which was written byKeith V. Smith,Jane A. Smithhave ETAG "nXvLGrBoS7M"

Book which was published by Purdue University Press since 2005 have ISBNs, ISBN 13 Code is 9781557533470 and ISBN 10 Code is 1557533474

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