Julie Jason - Managing Retirement Wealth: An Expert Guide to Personal Portfolio Management in Good Times and Bad

Praise for Managing Retirement Wealth

I have found Julie Jasons Managing Retirement Wealth to be an excellent overview, a helpful and detailed guide in the investment process of my personal portfolio management.Peter Hathaway, retired, former portfolio manager in charge of over $10 billion of assets for GE Asset Managements U.S. Equity Large Cap Value Strategy

In your hand is a book that is chock full of information on everything from muni bonds to risk management. It is a great way for anyone trying to pick up the basicsor go beyond themas they build a strategy for a new economic climate. And in an age with so many economic uncertainties, Julie Jasons Managing Retirement Wealth is as good a place as any to bone up on the bewildering but rewarding task of putting our futures in order.Jonathan Dahl, editor in chief of SmartMoney, the personal finance magazine from the Wall Street Journal

If you have not placed an emphasis on how you manage your portfolio, now is the time to do it. Julie will show you how.Charles Rotblut, CFA, vice president, American Association of Individual Investors, author, Better Good than Lucky

Julie Jasons Managing Retirement Wealth gets what most investment books missinvesting is a means to an end. If you achieve your goals and provide greater security and opportunity for your loved ones, thats what really matters. This fine text will prepare you to make smarter decisions about the choices that matter most, the ones that lead to your retirement success.Don Phillips, managing director, Morningstar

At some point in our lives, we will care deeply about preserving the money weve worked so hard to save. Julie Jasons newest book, Managing Retirement Wealth, will take you by the hand and show you how to create the only investment portfolio you will ever need in retirement.Pam Krueger, executive producer and cohost of the award-winning PBS series MoneyTrack and EIFLE Financial Educator of the Year 2010

Julie Jasons Managing Retirement Wealth is written with the reader in mind. The book provides clear explanations of complex financial market topics and guides the reader on how to design, manage, and evaluate a portfolio to meet retirement needs.Tom Robinson, PhD, CFA, CAIA, CFP; managing director, Education Division, CFA Institute

At last, a sensible guide to creating a sound retirement portfolio. Its all herecreating cash flow, understanding risk, and the actual mechanics of keeping your money working for you the rest of your life.John F. Wasik, Reuters columnist and author of The Cul-de-Sac Syndrome: Turning Around the Unsustainable American Dream

A sturdy, basic, thoughtful, and extremely useful primer to get the investor off the starting line and well down the track to a successful financial future.Ben Stein

Julie Jason gets it! Anyone who is interested in understanding personal portfolio management should read her book. She explains complex ideas simply and points out simple concepts that are easy to overlook. I thoroughly enjoyed, and learned a great deal from, her book, Managing Retirement Wealth.Richard Berkowitz, Esq., senior partner, Berkowitz, Trager & Trager, LLC of Westport, CT

MANAGING

RETIREMENT

WEALTH

An Expert Guide to Personal Portfolio Management in Good Times and Bad

Julie Jason

Forewords by
Peter J. Hathaway, Jonathan Dahl, and Charles Rotblut

STERLING is a trademark of Sterling Publishing Co., Inc. The distinctive Sterling logo is a registered trademark of Sterling Publishing Co., Inc.

2011 by Julie Jason

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without prior written permission from the publisher.

ISBN 978-1-4027-8272-5 (paperback)
ISBN 978-1-4027-8927-4 (ebook)

Library of Congress Cataloging-in-Publication Data

Jason, Julie.

Managing retirement wealth : an expert guide to personal portfolio management in good times and bad / Julie Jason ; forewords by Peter J. Hathaway, Jonathan Dahl, and Charles Rotblut.

p. cm.

Includes bibliographical references and index.

ISBN 978-1-4027-8272-5

1. Retirement income--Planning. 2. Finance, Personal. 3. Portfolio management. I. Title.

HG179.J3274 2011

332.024'014--dc22

2011010300

For information about custom editions, special sales, and premium and corporate purchases, please contact Sterling Special Sales at 800-805-5489 or specialsales@sterlingpublishing.com.

2 4 6 8 10 9 7 5 3 1

www.sterlingpublishing.com

To Joanna, the newest member of our family

Speaking to you as an institutional portfolio manager working on domestic equity portfolios for the last thirty-five years, I can tell you that it is quite different developing and managing your own personal accounts using your own goals and objectives.

For me, it was a case of the cobblers son has no shoes, as I had neglected my own portfolio. What a great resource Julies book, Managing Retirement Wealth, has been in helping me organize and access my individual needs and objectives based on my risk parameters.

Many of us have a random assortment of assets, consisting of IRAs, CDs, savings accounts, 401(k)s, and other miscellaneous financial assets accumulated over a lifetime, that lacks an overall plan. This is not an easy task to solve, but Julies book provides the framework for you to organize and manage your personal portfolio now and in the future.

You will benefit from Julies knowledge and practical experience, which she has gained from helping others in the portfolio management process. It will help you choose wisely and avoid costly mistakes.

One of my favorite topics is her discussion of goals: Investment objectives are goals. The big difference between having a collection of investments and having a portfolio is pursuing goals, actually making decisions that lead to the accomplishment of those goals, and keeping track of progress by monitoring your portfolio.

As you begin the process of managing your portfolio, you will find this not to be an easy task, but well worth the time and effort you put into it. Julies book will prove to be an invaluable guide.

Peter J. Hathaway (retired), former portfolio manager for GE Asset Managements U.S. Equity Large Cap Value Strategy, responsible for portfolios with assets in excess of $10 billion

In the world of personal finance, these are surely historic times of unprecedented change. A generation of Americans could once count on enjoying an easy retirement, thanks to the generosity of their employers and a combination of the robust housing and stock markets. That has all changed, of course: only a third of mid- and large-size American firms offer pensions these days, and the countrys real estate bust has wiped out $3.3 trillion in market value in homes in five years.

Throw in the stock market crash of 2008, which battered peoples 401(k) plans and sent many investors carefully built portfolios essentially back to square one, and you have yourself a perfect storm for developments in personal finance.

But there is good news: help is on the way.

Investors today have more places to turn to for advice, including a growing number of books that deal with personal finance in a smarter way than before. The idea that a bookstore could fill a shelf with successful personal finance books would have been unthinkable a decade ago. Now, as Americans try to make sense of their future, these sorts of titles are coming out in great numbers, with advice and insights for all levels of investor.