{"product_id":"financial-independence-getting-to-point-x-a-comprehensive-tax-smart-wealth-management-guide-hardback-9781119510345","title":"Financial Independence (Getting to Point X); A Comprehensive Tax-Smart Wealth Management Guide (Hardback) 9781119510345","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eFinancial Independence (Getting to Point X)\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eA Comprehensive Tax-Smart Wealth Management Guide\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eJohn J. Vento (Author), Todd Mackay (Foreword by)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781119510345, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 19 October 2018\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e480 pages\u003cbr\u003e22.9 x 15.2 x 3.8 cm, 0.703 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cp\u003e\u003cb\u003eDiscover how the Tax Cuts and Jobs Act of 2017 will change your journey to financial independence and what you need to do now to take advantage of the new law\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eFinancial Independence (Getting to Point X)\u003c\/i\u003e offers practical, time-tested advice for reaching your financial goals—whatever they may be. Whether you’re recovering from debt, putting kids through college, planning for retirement, starting your own business, or just seeking a healthier financial outlook, this book shows you how to get it done. No platitudes or empty advice here—just a clear roadmap to your goals, based on the effective management of the 10 Key Wealth Management Issues that threaten to derail us all.\u003c\/p\u003e \u003cp\u003eThis new second edition has been updated to reflect President Trump’s massive income tax changes. These historic changes will reduce the tax obligation of most Americans, but not all. This is the most significant tax reform in over 30 years, rendering old advice obsolete while opening new opportunities. This edition also includes a new chapter on becoming financially independent by starting your own business. Author John Vento knows exactly what these new laws entail, and this book puts his wisdom of experience to work for you to help you get on track to financial freedom.\u003c\/p\u003e \u003cp\u003eSaving, budgeting, managing debt, minimizing taxes, and living within your means—all classic financial advice, but easier said than done, right? In this book, you’ll find real, practical advice for actually doing it—\u003ci\u003eto the extent that makes sense for you\u003c\/i\u003e.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eUnderstand the enormous changes taking place in the federal income tax code\u003c\/li\u003e \u003cli\u003eLearn which financial strategies have become obsolete, and what new opportunities you should take advantage of\u003c\/li\u003e \u003cli\u003eNegotiate your way through the 10 Key Wealth Management Issues with expert advice\u003c\/li\u003e \u003cli\u003eFind out if you have what it takes to reach financial independence by starting your own business\u003c\/li\u003e \u003cli\u003eFollow a clear roadmap to financial independence, no matter how you define it\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThe goal is not perfection on all fronts, it’s simply tailoring your journey to suit your destination. No unnecessary deprivation, no obsessive adjusting—simply paying attention to key issues may be enough, depending on your goal. Regulatory changes close some doors but open others, and opportunities still exist if you know where to look. \u003ci\u003eFinancial Independence (Getting to Point X)\u003c\/i\u003e provides you with a roadmap to financial freedom, so that you can achieve your life goals and dreams.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eForeword by Todd Mackay xi\u003c\/p\u003e \u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003eIntroduction Getting to \u003ci\u003ePoint X \u003c\/i\u003e1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFinancial Literacy and the Move Away from Capitalism 2\u003c\/p\u003e \u003cp\u003e\u003ci\u003ePoint X\u003c\/i\u003e: Our Fundamental Financial Goal 4\u003c\/p\u003e \u003cp\u003eTen Key Issues to Comprehensive Wealth Management 5\u003c\/p\u003e \u003cp\u003eOur Biggest Expense 6\u003c\/p\u003e \u003cp\u003eTake a Financial Planning Checkup 8\u003c\/p\u003e \u003cp\u003eThe Power of This Book 10\u003c\/p\u003e \u003cp\u003eWhat’s New in the Second Edition 11\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Committing to Living Within Your Means 13\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe American Dream Becomes the American Nightmare 13\u003c\/p\u003e \u003cp\u003eLiving Within Your Means: The Essential Step 14\u003c\/p\u003e \u003cp\u003eSimple Saving 18\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Understanding Taxes 23\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Brief History of the US Tax System 24\u003c\/p\u003e \u003cp\u003eOrganizing and Retaining Your Records 27\u003c\/p\u003e \u003cp\u003eTax-Preparation Services 28\u003c\/p\u003e \u003cp\u003eAccumulating Wealth Through Tax Planning 31\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Determining Your Financial Position 37\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFiguring Your Financial Net Worth 38\u003c\/p\u003e \u003cp\u003eCase Study: How One Couple Learned They Were Spending More Than They Earned 38\u003c\/p\u003e \u003cp\u003eMaking Sense of Cash Flow 49\u003c\/p\u003e \u003cp\u003eEstablishing Your Financial Goals 71\u003c\/p\u003e \u003cp\u003eFinding Trusted Advisors 75\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Managing Debt 83\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCase Study: How Two Doctors Went Bankrupt in Only a Few Years – What Not to Do 83\u003c\/p\u003e \u003cp\u003eBasic Principles for Managing Debt 87\u003c\/p\u003e \u003cp\u003eGood Debt Versus Bad Debt 89\u003c\/p\u003e \u003cp\u003eCredit Card Debt 90\u003c\/p\u003e \u003cp\u003eAuto Loans 96\u003c\/p\u003e \u003cp\u003eStudent Loans 97\u003c\/p\u003e \u003cp\u003eHome Mortgage Loans 98\u003c\/p\u003e \u003cp\u003eBusiness and Investment Loans 103\u003c\/p\u003e \u003cp\u003eUnderstanding Credit 104\u003c\/p\u003e \u003cp\u003eYour Credit Report and Your Credit Score 105\u003c\/p\u003e \u003cp\u003ePreventing Identity Theft 110\u003c\/p\u003e \u003cp\u003eThe Equifax Breach 111\u003c\/p\u003e \u003cp\u003eAnalyzing Your Debt 112\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Insuring Your Health and Life 119\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChoosing a Health Insurance Plan 120\u003c\/p\u003e \u003cp\u003eLong-Term Care Insurance 135\u003c\/p\u003e \u003cp\u003eDisability Insurance 142\u003c\/p\u003e \u003cp\u003eLife Insurance 146\u003c\/p\u003e \u003cp\u003eBuying Insurance Policies 152\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Protecting Your Property with Insurance 157\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCase Study: How a Lack of Insurance Wiped Out One Woman’s Life Savings 158\u003c\/p\u003e \u003cp\u003eHomeowners Insurance 160\u003c\/p\u003e \u003cp\u003eAutomobile Insurance 164\u003c\/p\u003e \u003cp\u003eUmbrella Liability Insurance 167\u003c\/p\u003e \u003cp\u003eBuying Insurance Policies 170\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Paying for College 175\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIs College the Best Choice for You and Your Child? 175\u003c\/p\u003e \u003cp\u003eThe Cost of College and What You Can Expect to Pay 179\u003c\/p\u003e \u003cp\u003eCase Study: How \u003ci\u003eNot \u003c\/i\u003eSaving for Your Child’s Education Can Ruin Your Finances – and Your Child’s 181\u003c\/p\u003e \u003cp\u003eConducting a “Needs Analysis” for Your Children’s College Educations 185\u003c\/p\u003e \u003cp\u003eStrategies for Saving Money for College Education 189\u003c\/p\u003e \u003cp\u003eEducation Tax Breaks and Credits 204\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Planning for Retirement 213\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCase Study: Saving Versus Not Saving for Retirement: The $1.7 Million Difference 213\u003c\/p\u003e \u003cp\u003eRetirement Equation: Calculating Your Personal \u003ci\u003ePoint X \u003c\/i\u003e217\u003c\/p\u003e \u003cp\u003eThe High Cost of Waiting to Save for Retirement 219\u003c\/p\u003e \u003cp\u003eWhat You Can Expect to Receive from Social Security 222\u003c\/p\u003e \u003cp\u003eQualified Retirement Plans 225\u003c\/p\u003e \u003cp\u003eThe Difference Between Traditional IRAs and Roth IRAs 229\u003c\/p\u003e \u003cp\u003eFixed and Variable Annuities 235\u003c\/p\u003e \u003cp\u003eRetirement Funding: “Needs Analysis” 239\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Managing Your Investments 249\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAnalyzing Your Ability and Willingness to Take Risk 250\u003c\/p\u003e \u003cp\u003eStocks, Bonds, Hybrid Securities, Mutual Funds, and Exchange-Traded Funds 255\u003c\/p\u003e \u003cp\u003eDiversification, Asset Allocation, and Rebalancing 264\u003c\/p\u003e \u003cp\u003eDollar-Cost Averaging 275\u003c\/p\u003e \u003cp\u003eInflation and Taxes: The Biggest Drains on Investment Return 276\u003c\/p\u003e \u003cp\u003eMedicare Surtax on Net Investment Income 277\u003c\/p\u003e \u003cp\u003eCryptocurrency and Its Tax Treatment 278\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Preserving Your Estate 283\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Federal Gift and Estate Tax System 284\u003c\/p\u003e \u003cp\u003eLegal Documents to Consider for Estate Planning 284\u003c\/p\u003e \u003cp\u003eThe Probate and Administration Process and Why You May Want to Avoid It 289\u003c\/p\u003e \u003cp\u003eUsing a Planned Gifting Strategy 293\u003c\/p\u003e \u003cp\u003eOwnership of Property and How It is Transferred 294\u003c\/p\u003e \u003cp\u003eReasons for Creating a Trust 297\u003c\/p\u003e \u003cp\u003eBenefit from a Family Limited Partnership 309\u003c\/p\u003e \u003cp\u003eEstate Tax Planning and Life Insurance 310\u003c\/p\u003e \u003cp\u003eAsset Protection and Long-Term Care 313\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Starting Your Own Business 319\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow Starting Your Own Business Can Lead to Financial Independence 319\u003c\/p\u003e \u003cp\u003eThe Three Pillars of Establishing a Successful Business 320\u003c\/p\u003e \u003cp\u003eSobering Statistics on Business Success Rates 321\u003c\/p\u003e \u003cp\u003eBusiness Plan 321\u003c\/p\u003e \u003cp\u003eEstablishing and Operating a Successful Business 323\u003c\/p\u003e \u003cp\u003eEntity Choices 326\u003c\/p\u003e \u003cp\u003eTax Identification Number 333\u003c\/p\u003e \u003cp\u003eAccounting Methods 333\u003c\/p\u003e \u003cp\u003eReporting Business Income and Expenses 336\u003c\/p\u003e \u003cp\u003eWhat is the Number-One Expense in Operating a Business? 338\u003c\/p\u003e \u003cp\u003eEmployee Versus Independent Contractor 338\u003c\/p\u003e \u003cp\u003eBusiness Tax Deduction Versus Business Tax Credit 340\u003c\/p\u003e \u003cp\u003e“Ordinary and Necessary” Test 341\u003c\/p\u003e \u003cp\u003eDeductible Business Expenses 342\u003c\/p\u003e \u003cp\u003eNondeductible Business Expenses 344\u003c\/p\u003e \u003cp\u003eHome Office Deduction 344\u003c\/p\u003e \u003cp\u003eTravel Expense As a Business Deduction 347\u003c\/p\u003e \u003cp\u003eDeducting Automobile Expenses 348\u003c\/p\u003e \u003cp\u003eDepreciation Deductions 350\u003c\/p\u003e \u003cp\u003eChoosing the Right Retirement Plan for Your Business 352\u003c\/p\u003e \u003cp\u003eRecordkeeping 361\u003c\/p\u003e \u003cp\u003eFinancial Statements 362\u003c\/p\u003e \u003cp\u003eFinancial Management Team 366\u003c\/p\u003e \u003cp\u003eWhat the Tax Cuts and Jobs Act of 2017 Means for Your Small Business 367\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 The Time Value of Money 379\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAppendix A: Selecting a Trusted Advisor 395\u003c\/p\u003e \u003cp\u003eAppendix B: 101 Ways to Save $20 or More per Week 405\u003c\/p\u003e \u003cp\u003eAppendix C: Basic Concepts and Definitions of Various Types of Taxes 415\u003c\/p\u003e \u003cp\u003eAbout the Author 435\u003c\/p\u003e \u003cp\u003eIndex 437\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52428612272408,"sku":"9781119510345","price":20.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781119510345_266727.jpg?v=1784681525","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/financial-independence-getting-to-point-x-a-comprehensive-tax-smart-wealth-management-guide-hardback-9781119510345","provider":"Freshly Printed Books","version":"1.0","type":"link"}