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INDEX

mutual funds (Cont.): 12–b–1 fees in, 73, 78

  • U.

    S. government income, 83

  • U.

    S. Treasury bond, 82–83

valuation of, 88–89 varieties of, 79–88

naked options, 65–66 NASDAQ, 54 NASDAQ Composite index, 54, 67 National Association of Securities Dealers and

Automated Quotations (See NASDAQ) national municipal bond mutual funds, 84 needs assessment for retirement planning and,

282–283, 285–289, 290 net asset value (NAV) in mutual funds, 73, 74,

77, 88–89 net asset value per share (book value per share), 63 New York Stock Exchange (NYSE), 53–54 no-load mutual funds, 74, 78 nominal yield in stocks, 63 nondeductible IRAs, 307 nursing home care (See long-term care insurance)

online stock market information, 67 open-end mutual funds, 73–74 Oppenheimer Global Growth and Income Fund, 4 option-income mutual funds, 80 options, 64–66

buying, 65 call type, 64 expiration dates in, 64 naked, 65–66 put type, 64 selling, 65–66 original issue discount bonds, 109

Pacific Exchange, 54 Part A Medicare benefits, 259–262, 262 Part B Medicare benefits, 263–265, 264 partnerships, taxes and, 190–191 pass-through securities, 120 pension benefits, 16, 291–294 permanent life insurance, 203 phases of annuities, 96–97 Philadelphia Exchange, 54 portfolio management, 4

activity in, 7 asset allocation in, 21–35 control of, 8–9 review of, 7 types of investments in, 7–8 precious metal mutual funds, 80–81

349

preferred provider plans (PPO), Medicare and,

274 preferred stock, 59 premium, annuities and, 94 price-earnings (P/E) ratio, 62–63, 67 private fee for service (PFFS) plans, Medicare

and, 274 profit-sharing plans

retirement planning and, 295–296 taxes and, 173–174 promissory notes, commercial paper, 128 proprietary products, 7–8 protection analysis, 14–15 proxies, 321 put options, 64

qualified plans, taxes and, 188

real estate, taxes and, 185–186 real estate trusts (REITs), 51, 107, 129–131 record keeping for taxes, 186–187 refinancing mortgages, 46 refunds, income tax, 184–185 renewability clauses, long-term care insurance and, 236–237 renewability provisions, in term life insurance, 202 required minimum distribution (RMD) in IRAs, 307 requirements for CFP, 5 retirement planning, 2, 8, 16–17, 38–39, 245–277, 279–314 age to start, 283–285 amount to invest in, 284 annuities and, 94–95, 174–175 career change and, 282 compound interest and, 284–285 contribution limits on IRAs, 306–307, 306 defined benefit vs. defined contribution plans in, 293–294 diversification and, 25–28 Employee Retirement Income Security Act of 1974 (ERISA) and, 292–293 employer-sponsored retirement plans in, 290–300 401k, 403(b), and 457 accounts and, 171–172, 290–291, 298–300 funding for, 287–289, 289 goal setting for, 280 growth of money during retirement and, 311–314 guaranteed investment contracts (GICs) and, 128–129 hazards of, 282–285

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