Live Once, Plan Often


September 01, 2015

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Young investors face a daunting financial planning challenge. You can’t know yet how well your career or business ventures will turn out, or predict your spending needs over as many as six decades to come. But as a younger investor you also have the advantage of flexibility.

This book explains Bernstein’s proprietary framework for planning over very long time horizons, which adapts our core/surplus capital framework to the needs of younger investors. Case studies address the particular planning concerns of The Young Professional, The Inheritor, The Entrepreneurs, and The Corporate Executive.

The book explains our approach to retirement saving and analyzing life-insurance needs, as well as tax-efficient wealth transfer techniques and charitable-giving strategies. It also includes basic reviews of investing, estate-planning, tax, and debt-management issues, and checklists on marriage, a first child, and suddenly acquired wealth.