Retirement Portfolios Workbook: Theory, Construction, and Management (Wiley Finance) [Paperback]

Michael J. Zwecher (Author)

Book Description

Publication Date: January 26, 2010 | ISBN-10: 047055987X | ISBN-13: 978-0470559871 | Edition: 1

A companion Workbook to the text Retirement Portfolios

Retirement is one of the most important parts of the financial planning process. Yet only two percent of financial advisors describe themselves as competent in retirement planning.

Constructing a retirement portfolio is viewed as a difficult endeavor, and the demands facing financial advisors responsible for this task continue to grow. The pressures are particularly intense due to events such as the financial crisis and oncoming rush of retiring baby boomers. It is imperative that financial advisors be equipped and ready to create appropriate retirement portfolios. That's why Michael Zwecher-a leading expert on retirement income-has created Retirement Portfolios and the Retirement Portfolios Workbook. In the text Retirement Portfolios, leading retirement income expert Michael Zwecher provides financial professionals with complete coverage of the most important issues in this field. The Retirement Portfolios Workbook offers you a wealth of practical information and exercises that will solidify your understanding of the tools and techniques associated with this discipline. This comprehensive study guide

• Provides chapter summaries and end of chapter questions to the main book
• Test your knowledge of the information addressed in Retirement Portfolios, before you put it to work in real world situations
• Helps you learn to solve problems while setting up tools you can use in practice
• Puts the management of risks related to retirement portfolios in perspective

If you want to gain a firm understanding of the information outlined in Retirement Portfolios, the lessons within this workbook can show you how.

Editorial Reviews

From the Back Cover

In Retirement Portfolios, leading retirement income expert Michael Zwecher provides financial professionals with complete coverage of the most important issues in this field—from creating portfolios that protect your client's retirement and aspirations to maximizing the usefulness of retirement portfolios in your business.

Now, with the Retirement Portfolios Workbook, he offers you a wealth of practical information and exercises that will solidify your understanding of the tools and techniques found in the actual book. This comprehensive study guide—which parallels Retirement Portfolios chapter by chapter—contains carefully constructed problems with detailed solutions, and offers invaluable insights into this discipline.

Page by page, this workbook:

• Tests your knowledge of the information addressed in Retirement Portfolios, before you put it to work in real-world situations

• Helps you learn to solve problems while setting up tools you can use in practice

• Provides chapter summaries and end-of-chapter questions to the main book

• Puts the management of risks related to retirement portfolios in perspective

If you intend on acquiring a firm understanding of creating and managing effective retirement portfolios for your clients, this workbook has what you need to succeed.

About the Author

MICHAEL J. ZWECHER is a leading expert on retirement income. He has created guidance, designed products, tools, and portfolio constructions that appeal to the financial advisor community and their clients. Zwecher co-chairs the curriculum committee of the Retirement Income Industry Association. He spent over ten years at Merrill Lynch, holding senior roles in risk management and wealth management, where he ran the Investment Management Strategic Solutions team in the Financial Products Group. Prior to Merrill, he was a consultant with Deloitte, an assistant professor at the Graduate School of Business Administration at Fordham University, and a visiting associate professor at the University of Wisconsin–Madison. Zwecher holds a PhD in finance from the University of Wisconsin–Madison.

Product Details

• Paperback: 183 pages
• Publisher: Wiley; 1 edition (January 26, 2010)
• Language: English
• ISBN-10: 047055987X
• ISBN-13: 978-0470559871
• Product Dimensions: 8.9 x 5.9 x 0.7 inches
• Shipping Weight: 9.1 ounces (View shipping rates and policies)
• Average Customer Review: 1.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #1,398,067 in Books (See Top 100 in Books)

More About the Author

Mike Zwecher is a leading expert on retirement income. He has created guidance, designed products, tools, and portfolio constructions that appeal to the financial advisor community and their clients. Mike Zwecher is currently engaged as part of a team of experts to develop the curriculum for the Retirement Income Industry Association's professional certification program.

Mike spent over ten years at Merrill Lynch, holding senior roles in Risk Management and Wealth Management. Mike left Risk well before the blowup, when he was asked to turn his attention to creating solutions of strategic value to clients. As a member of Wealth Management Group his mandate led him to develop and push a firm-wide initiative for retirement income.

Mike was born in Natick Massachusetts and remains a loyal, yet distant, fan of New England's teams. Mike earned degrees first at Framingham State College and Tufts University before completing a PhD in finance from the University of Wisconsin-Madison.

Prior to Merrill, Mike was a consultant with Deloitte, an assistant professor at the Graduate School of Business Administration at Fordham University, a visiting associate professor at the University of Wisconsin-Madison, and a lecturer at the University of Wisconsin-Whitewater. Prior to finishing school Mike worked as a security guard, a night-crew clerk, a produce clerk, a paperboy, a landscaper, and just about everything else that could be done to earn an honest buck.

As the offspring of a disabled veteran and a secretary (also a veteran) Mike knows how hard people work to scrimp and save for the future. Their money deserves better than to be treated as just another addition to Assets Under Management.

Customer Reviews

Most Helpful Customer Reviews

3 of 4 people found the following review helpful:

1.0 out of 5 stars A Poor Choice, August 8, 2010

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denis jamison - See all my reviews

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This review is from: Retirement Portfolios Workbook: Theory, Construction, and Management (Wiley Finance) (Paperback)

It was a major struggle to get through this text. The author's total concept of "flooring" as a way to build retirement portfolio was, in my opinion, contrived. The two paragraph summary sections at the end of each chapter seemed to say everything that needed to be said - it was just better said and better illustrated by other authors on the subject. This book isn't a worthwhile read for the practicing RIA and certainly not useful for the non-professional.