Managing Retirement Wealth

by Julie Jason 

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Post-publication Edits

1: On page 26, the last sentence in the second to last paragraph should read, “Investor return was 32.9 percent, compared to 8.6 percent for the fund, putting the investor ahead by 24.3 percentage points.”  The right-most column head for Table 3-6 should read  “Investor is Ahead by (percentage points).”

2: In response to a question from a reader, we’ve added “compounded returns” columns to Table 7 – 1. This table illustrates that although the compounded returns for the three stocks vary, their average annual rate of return is the same.

3: On page 69, typographical errors on Graph 7-1 have been corrected as follows:

4.  The first full paragraph on page 103 contains an error and should read as follows: "The longer you have, the less money you need to save to meet your goal.  Assume, for example, that you earn 6% per year on your investment.  If you are 40 years old and want to reach a goal of having an additional $100,000 by the time you turn 65, you need to invest a mere $145 a month.  If you are 50 years old when you start saving, you'll need $347 a month to reach the same goal." 

5: On page 113, the last paragraph of the section “Reincorporating Income Taxes,” contained a typographical error and should read, “Starting with $5 million of savings, using $3.2 million of income leaves $1.8 million to invest for growth and preservation of capital – a good place to be."

6: In response to a comment from a reader, the following sentence has been added to the end of the paragraph above: “Don’t forget, as I mentioned on page 112, growth offsets inflation.”