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CITATION

Zhang, Charles and Zhang, Lynn. Make Yourself a Millionaire. McGraw-Hill, 2003.

Make Yourself a Millionaire

Authors: Charles Zhang and Lynn Zhang

Published:  March 2003

eISBN: 9780071425599 0071425594 | ISBN: 9780071409827
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  • Copyright
  • Contents
  • ACKNOWLEDGMENTS
  • Chapter 1 THE FIRST STEP
  • QUALITY COUNTS
  • WHAT IS A FINANCIAL ADVISOR, AND DO YOU NEED ONE?
  • THE ChFC AND CLU DESIGNATIONS
  • YOUR ADVISOR—GOOD OR BAD?
  • Do You Understand What Your Accounts Are Doing and What They Are Designed to Do?
  • Does Your Advisor Have Your Best Interests at Heart?
  • Is There a Lot of Activity in Your Accounts?
  • What Kind of Investments Are You Involved With?
  • Does Your Advisor Know You Financially?
  • Who Are You Making Your Checks Out To?
  • Who Controls Your Portfolio?
  • A WORD ABOUT FEES
  • MONEY AND FEAR
  • THE FINANCIAL PLANNING PROCESS
  • ESTABLISHING A FINANCIAL PLAN
  • Examine Your Present Situation
  • Have Adequate Protection
  • Investment Planning
  • Tax Planning
  • Retirement Planning
  • Estate Planning
  • IS A FINANCIAL PLAN REALLY WORTH IT?
  • WHAT IF I DON’T DO ANY FINANCIAL PLANNING?
  • Chapter 2 AN INVESTOR’S BEST FRIEND — ASSET ALLOCATION
  • ASSET ALLOCATION
  • INFLATION AND TAXES—HIDDEN DANGERS
  • THE IMPORTANCE OF DIVERSIFICATION
  • DIRECTLY OWNED ASSETS—PROS AND CONS
  • TAX-ADVANTAGED PLANS—PROS AND CONS
  • TAX-DEFERRED INVESTMENTS WITHIN QUALIFIED PLANS
  • Chapter 3 GUERRILLA WARFARE: YOU VERSUS YOUR PORTFOLIO
  • SETTING GOALS
  • I CAN ’T LIVE LIKE THAT!
  • A WORD ABOUT INCOME AND WEALTH
  • WHEN SAVING ISN’T TRULY SAVING
  • BUYING AT THRIFT STORES
  • POSITIVE WAYS TO SAVE
  • Systematic Savings
  • Manage Your Charge Cards Wisely
  • Shop Around
  • Invest
  • GET EXCITED
  • Chapter 4 I OWN THAT COMPANY!
  • INVESTING VERSUS SPECULATING
  • STOCKS
  • Common Stock
  • Preferred Stock
  • DIVIDEND REINVESTMENT PLANS
  • VALUING COMMON STOCK
  • Return on Equity
  • Earnings Per Share
  • Price-Earnings Ratio
  • Net Asset Value per Share
  • Yields
  • OPTIONS
  • Buying Options
  • Selling Options
  • FINDING INFORMATION ABOUT STOCKS
  • NEXT STEPS
  • Chapter 5 THE SHOPPING MALL OF INVESTMENTS
  • WHAT IS A MUTUAL FUND?
  • CLOSED-END MUTUAL FUNDS
  • OPEN-END FUNDS
  • LOAD MUTUAL FUNDS
  • A Shares
  • B Shares
  • C Shares
  • Class A versus Class B versus Class C
  • NO-LOAD MUTUAL FUNDS
  • VARIETIES OF MUTUAL FUNDS
  • Equity Funds
  • Hybrid Funds
  • Taxable Bond Funds
  • Municipal Bond Funds
  • Money Market Mutual Funds
  • Tax-Managed Funds
  • Index Funds
  • VALUING MUTUAL FUNDS
  • FIGURING INVESTMENT PERFORMANCE
  • FINDING INFORMATION ABOUT MUTUAL FUNDS
  • SO, WHAT’S THE BIG DEAL?
  • Chapter 6 HELP! I’M RUNNING OUT OF MONEY!
  • TAX TREATMENT FOR ANNUITIES
  • IMMEDIATE ANNUITIES
  • DEFERRED ANNUITIES
  • SPLIT-FUNDED ANNUITIES
  • FLEXIBLE-PREMIUM ANNUITIES
  • SINGLE-PREMIUM ANNUITIES
  • ANNUITY PHASES
  • FIXED ANNUITIES
  • VARIABLE ANNUITIES
  • COMBINATION PLANS
  • EQUITY INDEXED ANNUITIES
  • GENERAL ANNUITY FEATURES
  • Beneficiaries
  • Loans and Withdrawals
  • Exchanges
  • Annuities Not Held by Natural People
  • Expense Charges
  • Surrender Charges
  • HOW ANNUITIES WILL HELP
  • Chapter 7 THE STEADY STAPLES OF A WELL-BALANCED PORTFOLIO: BONDS, CASH, AND REITS
  • BONDS
  • Corporate Bonds
  • Municipal Bonds
  • U.S.Government Obligations
  • U.S.Savings Bonds
  • U.S.Government Agency Securities
  • Zero-Coupon Bonds
  • Discount Bonds
  • INFORMATION ABOUT BONDS
  • CASH INVESTMENTS
  • Savings Accounts
  • Money Market Deposit Accounts
  • Money Market Mutual Funds
  • Certificates of Deposit
  • Commercial Paper
  • Guaranteed Investment Contracts
  • REAL ESTATE INVESTMENT TRUSTS
  • WHY BONDS, CASH, AND REITS ARE IMPORTANT
  • Chapter 8 WHEN GOOD INVESTING GOES BAD
  • TIMING THE MARKET
  • DAY TRADING
  • BUYING ON MARGIN
  • BUY-AND-HOLD STRATEGY
  • DOLLAR-COST AVERAGING
  • SELLING SHORT
  • PUTTING THEORIES INTO ACTION
  • PAPER LOSS VERSUS ACTUAL LOSS
  • HOW MUCH HAVE I LOST? HOW MUCH HAVE I GAINED?
  • Chapter 9 HARVARD,YALE, OR YOUR LOCAL COMMUNITY COLLEGE: WHAT CAN YOU AFFORD?
  • INVESTING UNDER THE INVESTOR ’S NAME
  • INVESTING UNDER THE MINOR ’S NAME
  • EDUCATION IRAS
  • SAVINGS BONDS
  • SECTION 529 PLANS
  • WHICH IS THE BEST OPTION?
  • Chapter 10 MAKING APRIL 15TH YOUR FAVORITE DAY
  • ADVANTAGED PLANS
  • IRAs
  • Roth IRAs
  • 401(k), 403(b), and 457 Accounts
  • SEPs
  • Keogh plans
  • Profit-Sharing Plans
  • Money-Purchase Plans
  • Annuities
  • Life Insurance Policies
  • TAX-FREE INVESTMENTS
  • TAKING A LOSS
  • TO ITEMIZE OR NOT TO ITEMIZE?
  • INCOME SHIFTING
  • OTHER WAYS TO SAVE ON TAXES
  • Withholding Too Much
  • Compromising Wealth for Taxes
  • Real Estate Trade-Ups
  • Statements? What Statements?
  • Mathematical Errors
  • Doing Your Own Taxes
  • Not Using Qualified Plans
  • Investing in Bonds Needlessly
  • BE YOUR OWN BOSS
  • Sole Proprietorships
  • General Partnership
  • C Corporations
  • S Corporations
  • Limited Liability Corporations
  • TAX REDUCTION,NOT TAX EVASION
  • Chapter 11 GUARDING AGAINST THE FINANCIAL PITFALLS OF DEATH
  • LIFE INSURANCE
  • TERM INSURANCE
  • Annually Renewable Term
  • Level Term
  • Decreasing Term
  • Renewability and Convertibility Provisions
  • PROS AND CONS TOTERM INSURANCE
  • CASH-VALUE LIFE INSURANCE
  • WHOLE LIFE INSURANCE
  • Continuous-Premium Whole Life
  • Single-Premium Whole Life
  • Limited-Payment Whole Life
  • PROS AND CONS OF WHOLE LIFE INSURANCE
  • UNIVERSAL LIFE INSURANCE
  • PROS AND CONS OF UNIVERSAL LIFE INSURANCE
  • VARIABLE LIFE INSURANCE
  • PROS AND CONS OF VARIABLE LIFE INSURANCE
  • OTHER TYPES OF LIFE INSURANCE
  • DO I NEED LIFE INSURANCE?
  • HOW MUCH INSURANCE DO YOU NEED?
  • Chapter 12 FINANCIAL SUITS OF ARMOR
  • ELIMINATION PERIODS
  • DISABILITY INSURANCE
  • What Is a Disability?
  • Social Security DI
  • DI as Part of a Worker ’s Benefits
  • Individual DI Plans
  • Determining Your Need
  • LONG-TERM CARE INSURANCE
  • Family Care
  • Medicaid and Medicare
  • Long-Term Care Insurance
  • When Do Benefits Begin?
  • What Kind of Coverage Do You Need?
  • Cognitive Disorders
  • WHY DI AND LTC ARE IMPORTANT
  • Chapter 13 WHY YOU SHOULDN'T COUNT ON THE GOVERNMENT'S HELP FOR YOUR RETIREMENT
  • SOCIAL SECURITY
  • Social Security ’s Financing
  • Social Security ’s Solvency
  • Who Benefits from Social Security?
  • What Kind of Benefit Can I Expect?
  • Family and Survivor’s Benefits
  • Taxation of Benefits
  • MEDICARE
  • Eligibility
  • The Two Faces of Medicare: Parts A and B
  • Medigap Insurance
  • Enrollment in Medicare
  • Special Enrollment Period and Medigap Insurance
  • Medicare Managed Health Care Plans
  • Other Health Coverage and Medicare
  • MEDICAID
  • Chapter 14 WHERE DO YOU WANT YOUR MONEY TO TAKE YOU TODAY?
  • THE HISTORY OF RETIREMENT
  • THE BIGGEST HAZARDS OF RETIREMENT PLANNING
  • ESTIMATING YOUR RETIREMENT NEEDS
  • FUNDING YOUR RETIREMENT
  • WHERE TO INVEST?
  • EMPLOYER-SPONSORED RETIREMENT PLANS
  • Basic Plans
  • Supplemental Plans
  • SMALL BUSINESSES AND SELF-EMPLOYED PEOPLE
  • SEP Plans
  • SIMPLE Plans
  • Keogh Plans
  • INDIVIDUAL RETIREMENT ARRANGEMENTS
  • Traditional IRAs
  • Nondeductible IRAs
  • Rollover IRAs
  • Roth IRAs
  • Converting to a Roth IRA
  • Substantially Equal Periodic Payments
  • GROWING YOUR MONEY DURING RETIREMENT
  • RETIREMENT PLANNING AS A WHOLE
  • Chapter 15 YOU CAN’T TAKE IT WITH YOU
  • WHAT IS ESTATE PLANNING?
  • ESTATE TAXES
  • DO I NEED A WILL?
  • LIVING WILLS AND PROXIES
  • TRUSTS
  • Revocable and Irrevocable Trusts
  • Living Trusts
  • Bypass Trusts
  • Irrevocable Life Insurance Trusts
  • Charitable Remainder Trust
  • WHY YOU SHOULDN’T OWN YOUR OWN LIFE INSURANCE POLICY
  • SECOND-TO-DIE POLICIES
  • STEP-UP IN BASIS
  • ESTATE PLANNING FOR UNMARRIED AND GAY AND LESBIAN COUPLES
  • Glossary of FINANCIAL TERMS
  • INDEX
  • ABOUT THE AUTHOR