Investing for a Lifetime: Managing Wealth for the "new Normal"

By Richard C Marston

Investing for a Lifetime is designed to make saving andinvesting understandable to the investor. Wharton Professor RichardC. Marston, 2014 recipient of the Investment Management ConsultantsAssociation's prestigious Matthew R. McArthurAward, guides an investor through the main investmentdecisions throughout a lifetime.

Investing for a Lifetime shows:

  • how younger investors can set savings goals
  • how both younger and older investors can choose investmentportfolios to achieve these goals
  • how investors can sustain spending once reachingretirement.

Younger and older investors alike should understand savingsgoals that will provide enough income to sustain spending inretirement. They should devise rates of saving thatallow them to reach their goals by the time of retirement. Though retirement is often the main goal of investing, it'snot the only one. Marston discusses how funding achild's education or saving for a down payment for a homeaffects overall saving.

Sensible investing is also necessary for savings goals to berealized. Investing need not be complicated, but Marstonexplains that a diversified portfolio should include a mix ofdifferent types of U.S. stocks, foreign stocks, real estate as wellas bonds. He describes each of these asset classes and showshow they fit in an investor's portfolio. He shows howinvestors can monitor the performance of their portfolios byestablishing benchmarks for each asset class to judge how welltheir investments are doing.

He focuses particular attention on those investors nearingretirement. In today's low interest rate environment, hediscusses whether it is possible to fund retirement from interestand dividends alone. He shows how savings combined with SocialSecurity can fund retirement spending. And he asks how the"New Normal" of lower returns might force investors tosave more than in past decades, and to spend less in retirementthan in the past.

Investing for a Lifetime is for investors who want to understandmore about the savings and investment process, particularly thosewho worry about whether their retirement savings will last alifetime.


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About the Hardcover

Publisher Not available
Publish date 06/30/2014
Pages 272
ISBN-13 9781118900949
ISBN-10 1118900944
Language English