Marshall Loeb's Lifetime Financial Strategies: Your Ultimate Guide to Future Wealth and Security

This virtual encyclopedia of facts and strategies for securing wealth is packed with commonsense advice on topics ranging from investing in securities to buying a home, a car or a computer to stretching vacation dollars abroad. With minute details amplified by charts and graphs, Loeb, an award-winning financial journalist, explains why one must set goals early, saving for children's college and planning for retirement. A 45-year-old married person with a household income of $50,000 wishing to retire at 62 could need $1.3 million. Work benefits could amount to that after 30 years. But it's apt to be up to the individual to put most of that together, and this book tells how. Loeb spells out how much will be needed at every stage of life and how to obtain it. He helps set a budget, hire a financial planner, cut costs and make wills. On the topic of taxes, he tells how not to pay more than you must. (Jan.)