Synopses & Reviews
Today's investor faces money challenges that were unimaginable just a few short years ago. How can you meet the demands of housing, college savings, retirement, and other financial goals without spending all of your spare time focused on them?
Christine Benz, Director of Personal Finance for Morningstar, gives you the tools for tackling your money challenges with this practical guide. Morningstar's 30-Minute Money Solutions provides investors at all life stages with an effective road map to getting their financial affairs in order by breaking the process down into short, manageable 30-Minute steps. To keep your finances on track, you'll also receive access to an exclusive Web site where you can download worksheets, use financial calculators, find additional money-related articles, and view up-to-date lists of the best investments for your portfolio.
Written in a straightforward and easy-to-follow style, this reliable resource:
Lays out the tools to get organized, including setting up a system for tracking your money and important financial documents, setting financial goals, and developing a budget and financial plan
Shows you how to match the right investments to your goals—whether you're making your first investment or have an established portfolio of securities—using time-tested investment strategies and Morningstar insights
Coaches you on how to tend to other important financial tasks, such as estate planning and managing taxes
Read Morningstar's 30-Minute Money Solutions in its entirety for a comprehensive money plan, or read select chapters to meet specific challenges, such as saving for college or reviving an ailing retirement plan. It's the ideal money guide for both new and experienced investors from the most trusted name in investment research, Morningstar.
In Morningstar's classic, down to basics approach, Benz shows readers exactly what they need to know and do to get their finances back on track and keep them there. The recent meltdown in the financial markets and the economy have left people in terrible shape with little idea how to turn things around. What's more, many of the books on the market today overwhelm readers with so much information that they are paralyzed. Using Morningstar's time-tested strategies and sensible approach to choosing stocks and mutual funds, this practical, no-nonsense book will break down important financial tasks into digestible, do-able chunks, each of which can be accomplished in 30 minutes or less. The book lays out the tools to get organized, create a filing and bill paying system, find the best use for your money, and invest properly for savings, college, and retirement. Morningstar is a trusted source in insightful information, and 30-Minute Money Solutions quickly helps readers understand and achieve their finance goals.
Individuals face money challenges today that were unimaginable just a few short years ago. Morningstar's Director of Personal Finance provides the tools for tackling these new challenges and the know-how to create a comprehensive money plan.
The quick and easy way to manage money and achieve financial goals
The recent economic meltdown has left people in terrible financial shape with little idea of how to turn things around. Using Morningstar's time-tested strategies and sensible approach to money management, Morningstar's 30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances breaks down important financial tasks into do-able chunks, each of which can be accomplished in 30 minutes or less. The practical, no-nonsense book
- Lays out the tools to get organized, including how to create a filing and bill paying system
- Details how to find the best uses for one's money, as well as how to properly invest for savings, college, and retirement
- Other titles by Benz: Morningstar® Guide to Mutual Funds: Five Star Strategies for Success
These are uncertain times. Morningstar's 30-Minute Money Solutions provides expert guidance on all aspects of personal money management, and it does so in quick, easily digestible steps.
Praise for 30-Minute Money Solutions
"Finally, a simple, easy-to-use workbook to get your financial house in order, 30 minutes at a time. Morningstar's personal finance guru Christine Benz gives you the essential 'Money Solutions' for each stage of your life."
—Consuelo Mack, WealthTrack, PBS
"Stop worrying about money, stop hoping money will appear, and start taking action by using the easy 30-minute money solutions in this excellent book."
—Terry Savage, Personal Finance Columnist, Chicago Sun-Times and author of The New Savage Number
"An unusually perceptive look at how to create your own financial independence at a time when this is needed most."
—Mark Stevens, CEO of MSCO Inc. and author of Your Marketing Sucks and Rich is a Religion
Quick financial advice for gaining control of your finances, no matter where the stock market is heading
Morningstar's Director of Personal Finance, Christine Benz, gives you the tools for tackling your money challenges in small chunks—each task taking about 30 minutes. You'll also receive access to Benz's exclusive online tools and worksheets that allow you to apply her principles to your specific financial situation.
About the Author
Christine Benz is Director of Personal Finance for Morningstar. She is also editor of the monthly newsletter Morningstar® PracticalFinance and writes a weekly column on Morningstar's popular Web site, Morningstar.com. Benz is coauthor of Morningstar® Guide to Mutual Funds: 5-Star Strategies for Success and is author of the book's second edition. Before assuming her current role in 2008, Benz served as Morningstar's director of mutual fund analysis. She has also served as editor of Morningstar® FundInvestor, a monthly newsletter for individual investors. Benz has been widely quoted in print and online media, and has made numerous appearances on national radio and television shows. For more information, visit the 30-Minute Solution Resource Center online at www.morningstar.com/goto/30MinuteSolutions.
Table of Contents
PART ONE: FIND YOUR BASELINE.
Chapter 1: Calculate Your Net Worth.
Chapter 2: See Where Your Money Goes.
Chapter 3: Set Your Financial Goals.
Chapter 4: Create a Budget.
PART TWO: GET ORGANIZED.
Chapter 5: Create a Bill-Paying System.
Chapter 6: Create a Filing System.
Chapter 7: Create a Master Directory.
PART THREE: FIND THE BEST USE OF YOUR MONEY.
Chapter 8: Determine Whether to Pay Down Debt or Invest.
Chapter 9: Decide Where to Invest for Retirement.
PART FOUR: GET STARTED IN INVESTING.
Chapter 10: Create an Emergency Fund.
Chapter 11: Find the Right Stock/Bond Mix.
Chapter 12: Create an Investment Policy Statement.
Chapter 13: Invest for Short- and Intermediate-Term Goals.
Chapter 14: Create a Hands-Off Long-Term Portfolio.
PART FIVE: INVEST IN YOUR COMPANY RETIREMENT PLAN.
Chapter 15: Determine How Good Your Company Retirement Plan Is.
Chapter 16: Decide between a Traditional and Roth 401(k).
Chapter 17: Select the Best Investments for Your Company Retirement Plan.
Chapter 18: Make the Most of a Subpar 401(k) Plan.
PART SIX: INVEST IN AN IRA.
Chapter 19: Determine What Type of IRA Is Best for You.
Chapter 20: Identify the Best Investments for Your IRA.
Chapter 21: Determine Whether to Convert Your IRA.
Chapter 22: Roll Over Your Retirement Plan into an IRA.
PART SEVEN: INVEST FOR COLLEGE.
Chapter 23: Find the Right College Savings Vehicle.
Chapter 24: Find the Right 529 Plan.
Chapter 25: Select the Right Investments for Your College Savings Plan.
PART EIGHT: INVEST IN YOUR TAXABLE ACCOUNT.
Chapter 26: Identify the Best Investments for Taxable Accounts.
Chapter 27: Manage Your Portfolio for Tax Efficiency.
Chapter 28: Harvest Tax Losses.
PART NINE: INVEST DURING RETIREMENT.
Chapter 29: Determine Your Portfolio Withdrawal Rate.
Chapter 30: Build an In-Retirement Portfolio.
Chapter 31: Find the Right Sequence of In-Retirement Withdrawals.
PART TEN: MONITOR YOUR INVESTMENTS.
Chapter 32: Conduct a Portfolio Checkup.
Chapter 33: Rebalance Your Portfolio.
PART ELEVEN: COVER YOUR BASES ON ESTATE PLANNING.
Chapter 34: Get Started on Your Estate Plan.
Chapter 35: Handle Beneficiary Designations.
Chapter 36: Create a Personal Legacy.
About the Author.