Managing Your Money All-In-One for DUMmIES

Chapter 5: Taking Care of Aging Parents with Durable Power of Attorney Finding an Elder Law Attorney 633 Although the law doesn’t require you to have an elder law attorney prepare your durable power of attorney documents (and preparing one on your own can save some cash in the very short term), lacking the legal knowledge to create a durable power of attorney for property management can cost you thousands, if not more, because of common mistakes or loopholes. A durable power of attorney must be tailored to your specific circumstances to be the most effective document possible. We don’t recommend that you draft your own durable power of attorney, and we hope that you consider carefully the potential problems with do-it-yourself forms and kits. Most lawyers don’t specialize in serving a particular type of person. Criminal lawyers may have a knack for people with similar hobbies — say, knocking over liquor stores — but they don’t focus on a precise segment of the popu- lation as an elder law attorney does. You may be tempted to use your own lawyer to oversee the durable power of attorney, but this decision is usually not the best choice. Consider why:  General-practice attorneys may buy into the myths that go along with old age. They may patronize a perfectly aware senior, talk loudly for no reason, or ignore them altogether. Book VII  Elder law attorneys have connections in the world of senior citizens, Planning from in-home assisted living providers to gerontologists (senior doctors), Your Estate senior-care psychologists, government program information, and more. and Will  General-practice attorneys may not be familiar with all of the subtle aspects of a durable power of attorney, especially in relation to a reverse mortgage. Your general family lawyer will probably be able to refer you to a good elder law attorney, however, so don’t scratch him or her out of your phonebook quite yet. Knowing what to look for Part of what makes finding a good elder law attorney somewhat difficult (besides the fact that you may not have one in your area if you live in a small town) is that so many fields of elder law exist. Different elder law attorneys specialize in all sorts of areas: medical claims, Social Security issues, estate planning, elder abuse, age discrimination, nursing home problems, and elder fraud, just to name a few. When you call around, be sure to explain up front that you’re looking for someone who has experience in creating durable power of attorney authorizations and who is also knowledgeable about reverse mortgages. 46_345467-bk07ch05.indd 633 9/25/08 11:28:08 PM 9/25/08 11:28:08 PM 46_345467-bk07ch05.indd 633

634 Book VII: Planning Your Estate and Will Speaking of that first call, now is a good time to ask some preliminary ques- tions. You may be speaking with a receptionist or assistant, but it’s okay — that person should be able to spout off the answers without missing a beat. Some good first questions to ask include the following:  How long has the attorney practiced elder law?  What associations is he or she a member of?  What should I bring with me when I come in?  What is the fee structure? Does that include the first consultation? In fact, ask anything you want; just remember that the person answering the phone probably isn’t a lawyer, so it’s best to save detailed questions for the attorney. When you’re in and have explained your reason for coming, lay on the more difficult questions. Start with “Have you ever done a durable power of attorney for a reverse mortgage?” Don’t be shy — if you don’t understand something the first time, just keep asking until you do. You’re on the clock, but it’s worth it to get a satisfactory answer. Some sample questions to take with you may be the following:  What are the downsides to getting durable power of attorney in our par- ticular situation?  What provisions do you recommend to the written durable power of attorney?  Judging by our conversation, do you think we have any better alterna- tives to getting durable power of attorney that we haven’t thought of?  After seeing my parent in person, do you feel that a durable power of attorney is appropriate?  How long does it take before the durable power of attorney goes into effect? (Timing may depend on who draws up the paperwork and the office’s turnaround time.)  How often should we revisit the durable power of attorney documents? Because the answers to these questions can vary from family to family, we can’t give you definitive answers here; it’s important to discuss these issues (and any others you can think of) thoroughly with an elder law attorney. In addition, your elder law attorney must possess the same qualities that a good reverse mortgage counselor or originator has: patience, respect for seniors, and superb communication skills. Just as you would with an origina- tor, you and your parent need to feel that you can ask questions, get results within the promised timeframe, and receive personal attention that shows that the attorney cares about you beyond your checkbook. 9/25/08 11:28:08 PM 46_345467-bk07ch05.indd 634 9/25/08 11:28:08 PM 46_345467-bk07ch05.indd 634

Chapter 5: Taking Care of Aging Parents with Durable Power of Attorney 635 Elder law attorneys (as with any other lawyers) usually charge by the hour or part thereof, plus whatever expenses they incur on your behalf (such as making copies or mailing something). Fees vary from office to office but can run as low as $50 an hour at very generous offices with senior finances in mind, to as high as a few hundred dollars an hour. Discuss your financial situ- ation with your attorney right off the bat. If you can’t afford their high fees, many elder law attorneys may very kindly lower their rates or reduce the bill- able hours. When your attorney tells you the rate and gives you an estimate of how much the total cost will be, level with him or her — say how much you can spend and ask nicely if the attorney can help you stay within your budget. Most attorneys will, but many won’t assume you even have a budget unless you say something. You can make the experience of creating a durable power of attorney a posi- tive one by being sure to bring all of the documents, statements, and other items that the elder law attorney requests of you. If your parent has already gotten a reverse mortgage, bring all the loan documents, including the loan agreement, which lays out all of the terms of repayment. You can also ask the reverse mortgage originator you’re working with (or plan to work with) for sample copies to take with you so that the elder law attorney knows all the details of the loan. Book VII Finding a good elder law attorney Planning Your Estate Beyond flipping through pages of “Call for a free estimate” ads that make and Will your legal issues sound like a broken-down car, countless resources available to you can help you find a highly regarded elder law attorney in your area. Remember, you don’t have to go with the first attorney you talk to, and you don’t have to worry about hurting an attorney’s feelings if you choose some- one else. At upward of $250 an hour, attorneys can use their wads of cash to dry their tears. Some great places to start searching include the following:  National Association of Elder Law Attorneys (NAELA): It may come as no surprise that the NAELA Web site is a great place to start when you’re looking for an elder law attorney. Its “Locate an Elder Law Attorney” database has listings of NAELA members all over the country, some with information such as law specialties and links to their own Web sites where you can find out more about each attorney. Visit the site at www.naela.com or call 520-881-4005.  American Bar Association (ABA): The Senior Lawyers Division of the ABA provides a directory of state and city senior lawyer groups in the United States. The ABA Web site also has an option to search for lawyers by specialty. You can find the ABA’s senior groups at www.abanet.org/ srlawyers/. 46_345467-bk07ch05.indd 635 46_345467-bk07ch05.indd 635 9/25/08 11:28:08 PM 9/25/08 11:28:08 PM

636 Book VII: Planning Your Estate and Will  Alzheimer’s Association: Not only will you find incredible and up-to- date information about Alzheimer’s tips and recent research on its Web site, but you can also contact your local chapter, which can most likely give you a referral to a competent elder law attorney. Visit www.alz.org or call 800-272-3900.  AARP: AARP is an excellent resource for all facets of aging, and here you can find that AARP really shines. Log on to www.aarp.org/money/ legalissues/ to discover a “Find a Lawyer” link, plus an option to receive 30 minutes of free legal advice from one of AARP’s network attor- neys. If your parent is an AARP member, he or she can receive additional reduced-fee services. While you’re at the site, check out the reverse mortgage links.  Children of Aging Parents (CAPs): This nonprofit organization has resources for many aspects of managing your parent’s affairs. Its chap- ters are in only about 15 states, but this organization may be able to help you contact a similar group in your own area. Call 800-227-7294 for support and suggestions. Using a Living Trust as an Alternative A durable power of attorney isn’t right for everyone. Some people just aren’t cut out to manage other people’s lives; some can barely manage their own. This huge undertaking takes a lot of dedication. Now, everyone loves their par- ents, even if it’s way, way deep down. But if you’re feeling like durable power of attorney is a bit too committal for you, you have other options (we can talk about your commitment issues later). You may have heard about wealthy spoiled kids who have a trust fund wait- ing for them when they turn 18. Granted, this scenario happens more often in the movies than in real life, but trusts can be a useful tool in managing another person’s finances. For our purposes, we focus on the living trust (also called intervivos). A living trust is the only kind that can help you in getting a reverse mortgage for your parent because it’s the only one that guarantees that the trust was created during your parent’s lifetime (hence the name living trust). Generally, a living trust allows one person (the trustee) to handle the property title for another person (the beneficiary). The language of living trusts is confus- ing because, unlike your parent’s will, which names beneficiaries who are usually the heirs, such as you or your other family members, you are the trustee in this instance and your parent is the beneficiary. It’s a financial doppelganger. What’s not confusing is the basic benefit of a living trust: Your parent can be both the trustee and the beneficiary (which means that your parent has control over everything on his or her own) until your parent becomes 9/25/08 11:28:08 PM 46_345467-bk07ch05.indd 636 9/25/08 11:28:08 PM 46_345467-bk07ch05.indd 636

Chapter 5: Taking Care of Aging Parents with Durable Power of Attorney incapacitated; then you or another named trustee can step in and take over. 637 You don’t have to worry about having too much control while your parent is still fully mentally functional. In this way, a living trust is similar to a springing power of attorney, but it has one big advantage: Living trusts are a respected part of the financial world. Whereas people are often suspicious of a springing power of attorney, a living trust almost never causes problems. Living trusts are widely accepted as legal and reputable. A living trust may be set in stone (irrevocable), changeable, or even revoca- ble (in other words, it can be canceled). The format that you and your parent choose depends on your individual situation, but keep in mind that things change. You may decide after a few years that a durable power of attorney is the best path after all, or your parent may decide that your sister is really the one who should be in charge of the house. Talk to a professional about the benefits and potential pitfalls of both options. Setting up a living trust is fairly simple, but it’s not the kind of thing you can do yourself, just as it’s not a good idea to set up a durable power of attorney on your own. Too much legal mumbo jumbo and too many considerations are involved, such as what effects the living trust has on your parent’s other finan- cial areas. The property in a living trust can sometimes (but not always) have an effect on your parent’s taxes and government aid, such as Medicare. You don’t want to go to all the trouble of setting up a living trust and getting a reverse mortgage just to find out that it has negative implications for your parent’s taxes. Book VII The same elder law attorney you scouted out for the durable power of attorney Planning can help create a living trust (see “Finding an Elder Law Attorney,” earlier in this Your Estate chapter). Your regular attorney can help you with this, as long as he or she has and Will some background in living trusts and other aspects of estate planning. Part of the reason a living trust is so easy to do is that you pay someone else to do it — a lot. You have to pay legal fees, processing fees, transfer fees, attorney-needs-a-vacation fees — you get the idea. If you haven’t already, skip back to the section “Finding a good elder law attorney,” earlier in this chapter, and start looking for a good attorney who won’t charge you an arm and a leg. Again, your parent’s financial planning isn’t the time to skimp on costs, but you may have some options for reduced-cost elder law attorneys. One of the downfalls of a living trust is that even when your parent is incapaci- tated and you’re managing the trust, a living trust gives you power only over the property. In most cases, that’s as far as you can go with it. You can get a reverse mortgage on the property, sell it, bulldoze it, paint it purple, whatever you want. But you have no control over the rest of the assets unless the living trust expressly lays them out and transfers them to you. So if you are the trustee but forgot to mention that you will eventually need control over the rest of the estate (bank accounts, other property, family heirlooms, and so on), you’re out of luck. You need to have a capable attorney helping you tie up any loose ends. 9/25/08 11:28:08 PM 46_345467-bk07ch05.indd 637 46_345467-bk07ch05.indd 637 9/25/08 11:28:08 PM

638 Book VII: Planning Your Estate and Will 9/25/08 11:28:08 PM 46_345467-bk07ch05.indd 638 46_345467-bk07ch05.indd 638 9/25/08 11:28:08 PM

Index • Numerics • Pension Protection Act, tax-sheltered annuities, 483 487 poorly administrative variable annuities, 488 15-year note, 223 30-year note, 223 plans, 485–486 withdrawing money from, 72(t) withdrawals, 525 potential pitfalls, 484–486 489–490 401(k) plans pretax contributions, 476 403(b)(7) accounts, 488 advantages of, 479–480 QDIA provision, 483 529 & Other College Savings after-tax contributions, rollovers, 480 Plans For Dummies 478 72(t) withdrawals, 525 (Munro), 320, 323 avoiding losses in small business owners bankruptcy, 483–484 and, 486 • A • basic description, 475 state taxes, 477 borrowing against, tax deferral, 476 A bond rating, 289 224–225 trustee-to-trustee transfer, AA bond rating, 289 brokerage window, 481 480 AAA bond rating, 289 discussed, 311 vesting, 480 AARP Web site, 546, 618, diversif cation, 481 withdrawing money from, 636 dollar cost averaging, 481 484–485 ABA (American Bar employer matching 403(b) plans Association), 617, 635 contributions, 478–479 advantages of, 486 abatement statute, wills, ERISA requirements, after-tax contributions, 599–600 482–483 486 About.com Web site federal taxes, 477 annuities, 488 budget worksheets, 181 FICA taxes, 477 catch-up contributions, online retirement planning, f nancial assessment, 487–488 543, 550, 552, 555 481–482 church-related plans, 492 accidental death/travel 403(b) plan versus, 493 combining with other coverage insurance, fund managers, 480 plans, 488 442 FUTA taxes, 477 discussed, 305 account information, credit hardship withdrawals, ERISA requirements, reports, 85 484–485 490–491 account statements, as income, 305 exit fees/surrender fees, identity theft, 360 investment objective, 480 489, 492 accountants, estate local/municipal f xed accounts, 488 planning, 576–577 government taxes, 477 401(k) plan versus, 493 accounts receivable, 562 lower taxable income, 476 403(b)(7) accounts, 488 active-duty alert, 354 matching contributions, non-ERISA requirements, actuaries, 210 476 491–492 additional living expenses mutual funds, 480 rollovers, 490 coverage, 386 nondiscrimination tests, sub accounts, 488 ademption statute, wills, 485 tax-deferred annuities, 487 600–601 9/25/08 11:29:42 PM 47_345467-bindex.indd 639 9/25/08 11:29:42 PM 47_345467-bindex.indd 639

640 Managing Your Money All-in-One For Dummies adjustable-rate mortgages AICCCA (Association of appraisal fee closing cost, adjustment period, 133 Independent Consumer 126–127 advantages of, 135 Credit Counseling appraisals, over appraisals, disadvantages of, 135–136 Agencies), 237 221 hybrid, 134 AICPA (American Institute appraisers, reverse index rate, 134 of Certif ed Public mortgages, 518 initial interest rates, 133 Accountants), 577 appreciation, 282 interest rate caps, 134 air conditioning approval on nonprof t interest-only, 134 climate control, 103 status letter, 238 margin, 134 cost-cutting techniques, 63 APR (annual percentage payment-option, airfare bargains, 118–119 rate), 222 134, 137–138 alcohol use, as sign of Argone Credit Union Web traditional, 136–137 depression, 38 site, 547 adjusted balance, 218 Altamira Web site, 187 ART (annual renewable adjusted gross income Alzheimer’s Association term) insurance, 431 (AGI), 501 Web site, 636 assessing your f nances. adjustment period, 133 A.M. Best Web site, 538 See f nancial advance fee loans, 58 American Academy of assessment Advisor Web site, 552 Estate Planning assets after-tax contributions Attorneys Web site, 624 bankruptcy 401(k) plans, 478 American Bar Association disadvantages, 258 403(b) plans, 486 (ABA), 617, 635 f nancial assessment, agency bonds, 288 American Funds Web site, 21–23 agent commissions, life 549 liquidating, 271 insurance, 426 American Institute of market value, 240 agent compensation, life Certif ed Public Assets Protection Law insurance, 424 Accountants (AICPA), Center Web site, 618 agents, life insurance 577 Association of Independent associations offering, 440 American Law Institute, Consumer Credit buying without, 438–440 American Bar Association Counseling Agencies career life, 437 Web site, 619 (AICCA), 237 direct mail and America’s Job Bank Web attorneys telemarketing site, 75 elder law, 633–636 solicitations, 440 annual percentage rate estate planning, 577–578 f nancial planners, 438 (APR), 222 foreclosure, 150 Internet resources, 439 annual renewable term tax resources, 469 multiple, 437–438 (ART) insurance, 431 auto insurance. See car selection considerations, annuities, 403(b) plans, 488 insurance 436–437 Annuity Web site, 555 automatic stay process, 254 AGI (adjusted gross antialapse statute, wills, average daily balance, 218 income), 501 601–602 AXA Equitable Web site, aging parent care anxiety, as sign of 547 elder law attorney, depression, 38 633–636 appliance eff ciency, cost- • B • patient is the virtue cutting techniques, concept, 630–631 107, 120–121 B bond rating, 289–290 power of attorney, appointment clause, wills, BabyMint, 278 627–629 588 9/25/08 11:29:42 PM 47_345467-bindex.indd 640 9/25/08 11:29:42 PM 47_345467-bindex.indd 640

back-end fees, mutual foreign ATM fees, 376 American, 255 Index 641641 funds, 291 HSBC, 375 best-efforts test, 261 bad credit ING Direct, 378 best-interest test, 261 bad credit consequences interest-bearing certif cate to f le, 238 divorce, 210–211 checking accounts, 372 Chapter 7 liquidation, employment InvestorGuide Web site, 53, 195, 260–261 opportunities, 209–210 376 Chapter 13 reorganization, higher interest rate low-balance penalties, 53, 195, 261 charges, 209 376 consumer increased insurance MMA (money market reorganizations, 261 premiums, 210 account), 372 disadvantages of, 258–259 paying fees, 208–209 MMDA (money market 401(k) plans and, 483–484 identity theft, 213–214 deposit account), 372 history and tradition of, bad versus good debt, 199 money order fees, 376 248–249 bailout, foreclosure, 145 monthly maintenance as last resort, 52 balance fees, 376 means test, 261 adjusted, 218 opening, 379 myths about, 247, 250–253 average daily, 218 overdraft charges, 376 no-asset cases, 260 low-balance penalties, 376 PayPal, 380 noncitizens, 257 two-cycle average daily, per-check charges, 377 not f ling consequences, 218 personal-f nance 261–263 balance penalties, 269 software packages, 370 statute of limitations, balance transfers, 217–218 remote, wireless banking 263–264 balanced funds, mutual and alerts, 379 taxes and, 461–463 funds, 291, 293 returned-check/NSF fees, unconditional discharge, balloon payment, 222 377 255 bank accounts savings accounts, 371 voluntary payment, 260 identity theft, 366 traditional banks with what to gain through online online services, 370 automatic stay process, accessing, 370 transaction disputes, 377 254 advantages of, 370 traveler’s check fees, 377 back mortgage and car Bank of America, UnivestDirect, 378 payments, 256 374–375 user prof les, 373–374 dischargeable debts, 256 Bank of the Internet USA, Wachovia, 379 overview, 253–254 378 WaMu (Washington partial-repayment plan, basic description of, 369 Mutual), 375, 379 256 call-center charges, 376 Zions First National paying debt over time, canceled check fees, 376 Bank, 378 256 CDs (certif cates of Bank of America Web site, when to f le, 52–53 deposit), 373 374 Bankruptcy Act of 1898, Charles Schwab, 378 Bank of the Internet USA 248–249 Chase, 374–375 Web site, 378 Bankruptcy Code 1978, check printing fees, 376 banking services, online, 248–249 checking accounts, 372 184–185 BARF (Bankruptcy Abuse Citibank, 375, 379 Bankrate Web site, 179 Reform Fiasco), click-and-brick bank, 370 bankruptcy 248, 250 E*Trade, 378 advantages of, 253–257 bargain shopping, 62, 121 Everbank, 378 alternatives to, 259 9/25/08 11:29:42 PM 47_345467-bindex.indd 641 9/25/08 11:29:42 PM 47_345467-bindex.indd 641

642 Managing Your Money All-in-One For Dummies Basic Form causes-of-loss, municipal, 288 customer service and 389 NR rating, 290 security, 336 BB bond rating, 289 par value, 287 discount, 295, 334 BBB bond rating, 289 price, 287 E*Trade, 295, 338–339 bear market, 285 primary market, 287 Fidelity Investments, belongings coverage, secondary market, 287 338, 340 385–386 Standard & Poor’s ratings, full-service, 294, 334 benef cial interest, estate 289–290 industry leader planning, 564 treasury, 288 comparison, 337–338 benef ciaries yield, 287 mortgage loan, 125 estate planning zero-coupon, 288 Muriel Siebert, 295 arrangements, 618 book and supply fees, mutual f nd investing, 336 life insurance, 421–422 college tuition, 328 novice investors, 336 benef t levels, health borrowing. See also loans online, 295 insurance, 157 against home equity, Scottrade, 295 best-efforts test, 220–222 T. Rowe Price, 294–295 bankruptcy, 261 against insurance policy, TD Ameritrade, 294–295, best-interest test, 223–224 338–339 bankruptcy, 261 against retirement plan, trade executions, 335 biking instead of riding, as 224–225 trading demos, 344 cost-cutting idea, 118 college savings, 324 Vanguard, 294–295 blogs, as cost-cutting consolidating debt, what are, 140 resource, 73 194–195 what to look for in, blue chip, 285 Broad Form causes-of-loss, 335–337 bond funds, mutual funds, 390 Brown, Ray (Home Buying 291, 293 brokerage window, 401(k) For Dummies), 112 bonds. See also mutual plans, 481 Bucci, Steve (Credit Repair funds; stock brokers Kit For Dummies), 13 A rating, 289 account setup up, 341–342 budget def cit AA rating, 289 advanced investors, bankruptcy, 52 AAA rating, 289 336–337 creditors, negotiating agency, 288 analytical and research with, 51 B rating, 290 tools, 335 debt consolidation, 52 BB rating, 289 banking and account expenses, cutting, 50–51 BBB rating, 289 services, 336 household income, C rating, 289–290 basic description, 333 increasing, 51 CC rating, 289–290 breadth of securities reducing debt before CCC rating, 289–290 traded, 336 saving, 51 college savings, 323 brokerage ratings, Budget Map Web site, 44 concepts and practices, 340–341 budgets. See also f nancial 286–288 buying techniques, goals; f nancial corporate, 288 343–344 planning coupon rate, 287 Charles Schwab, 334, adjusting, 43, 59 D rating, 290 338–340 advantages of, 193 junk, 289 churning, 294 budgeting books, 44 maturity date, 287 cost considerations, 337 calculating, 43 9/25/08 11:29:42 PM 47_345467-bindex.indd 642 47_345467-bindex.indd 642 9/25/08 11:29:42 PM

643 Index envelope system, 43 calculators single limit coverage, 407 643 getting the children borrowing against split liability limits, involved, 50 retirement plan, 225 405–407 long-term goals, 41–44 net cash fl ow, 183 suability factor, 403–404 monthly spending and net worth, 187 umbrella policy, 407 income comparison online, 181 underinsured motorist worksheet, 46–49 retirement, 310, 549–550 coverage, 408 online worksheets, Social Security benef ts, uninsured motorist 181–182 545 coverage, 408 prioritizing the essentials, call option, 284 who you hit matters, 53–55 call-center fees, 376 403–404 realistic, 57 canceled check fees, 376 car payments reasons for, 45–46 canned online budget, 180 f nancial assessment, 23 reviewing, negotiation CAP (Collection Appeals paying up front or with creditors, 230 Program), 466 lowering monthly setting f nancial goals for, CAPs (Children of Aging payments, 116 40 Parents), 636 spending habit spending estimation, car insurance assessment, 20 42–43 collision coverage, 412 used car purchase, sticking with it, 40, 56–57 common myths, 408–409 116–117 surplus, 55–56 compensatory damage car title loans, 59 tracking, 44, 57, 59 coverage, 407 career and vocational bull market, 285 comprehensive coverage, training schools, 329 buy and hold strategy 412 Career Builder Web site, 75 stock, 285 cost-cutting ideas, Career Guide to Industries, buy what you know 71–72, 117 73 strategy, stock, 286 deductibles, 412–415 career life insurance buyers, credit principles dropping coverage, 415 agents, 437 and concepts behind, lawsuit risks, 401–405 cash fl ow calculators, 183 206 liability insurance, cash value policies, 305, Buying a Car For Dummies 402–406 429–431 (Sclar), 115 loss-of-use coverage, 416 casino credit, 94–96 medical bill coverage, casualty losses, deductions, • C • 407, 410–411 449 non insurance strategies, catch-up contributions, C bond rating, 289–290 402 403(b) plans, 487–488 cable and television per accident limit, 406 causes-of-loss options, expenses, cost-cutting per person limit, 406 389–390 techniques, 110 personal injuries, 407–411 CC bond rating, 289–290 Caher, James P. and John pitfalls, 410 CCC bond rating, 289–290 M. (Personal Bankruptcy rental coverage, 416 CCH Financial Planning Laws For Dummies), reverse liability, 408 Web site, 554 53, 463 risk reduction strategies, CCS (Central Credit Calculator Web Web site, 411 Services), 94–96 187 roadside service CDP (Collection Due coverage, 416 Process), 466 47_345467-bindex.indd 643 9/25/08 11:29:42 PM 9/25/08 11:29:42 PM 47_345467-bindex.indd 643

644 Managing Your Money All-in-One For Dummies CDs (certif cates of deposit) Chex Systems Web site, 94 CLU (Chartered Life as income-producing CHH Financial Planning Underwriter), 437 investment, 532 Web site, 619 CNN Money 101 Web site, online accounts, 373 child support 617 certif cate to f le, 238 dischargeable debt, 256 CNN Money Web site, 186 Certif ed Financial Planners prioritizing unsecured COBRA (Consolidated (CFPs), 574–576 debt, 54 Omnibus Budget Certif ed Fund Specialist children Reduction Act), 164 (CFS), 575 continuing health codicils, 593 Certif ed Investment Manage- insurance coverage COFI (Cost of Funds Index), ment Consultant after divorce, 167–168 134 (CIMC), 575 involving in budgets, 50 collateral Certif ed Public Accountant/ over eighteen, health as additional credit eval- Personal Financial insurance for, 163–164 uation criteria, 201 Specialist (CPA/PFS), school accident def ned, 54 577 insurance, 170 collection activity Certif ed Public Accountants talking money with, 33–34 credit reports, 85 (CPAs), 469, 577 Children of Aging Parents identity theft, 358–359 CFAs (Chartered Financial (CAPs), 636 Collection Appeals Program Analysts), 575 Choose to Save Web site, (CAP), 466 CFPs (Certif ed Financial 547, 550 Collection Due Process Planners), 574–576 church-related 403(b) (CDP), 466 CFS (Certif ed Fund plans, 492 collectors Specialist), 575 churning, 294 FDPCA (Fair Debt Chapter 7 liquidation, 53, CIMC (Certif ed Invest- Collection Practices 195, 260–261 ment Management Act), 196, 207 Chapter 13 reorganization, Consultant), 575 high-stake debts, 198 53, 195, 261 Citibank online banking, 379 judgment proof, 198 charitable contributions, claims, homeowner’s pushy collection deductions, 449 insurance, 397–399 practices, 197–198 charitable remainder click-and-brick banks, 370 realizing your rights, trusts, 624 climate control, cost- 196–197 Charles Schwab Bank Web cutting techniques unsecured debt practices, site, 378, 612 air conditioning and fan 197 Charles Schwab broker, use, 103 college savings 334, 338–340 dressing for the weather, basic description, 319 Chartered Financial Analysts 101–102 bonds, 323 (CFAs), 575 heating the house, 103–106 books and supply fees, Chartered Life Underwriter insulation use, 102 328 (CLU), 437 shading the house, 102 borrowing, 324 Chase window coverings, 102–103 career and vocational online accounts, 374–375 closing costs, mortgages, training schools, 329 Web site, 374 126–127 college-owned housing, check printing fees, 376 closing fee closing cost, 127 327 checking accounts clothing expenses community colleges, interest-bearing, 372 categorizing, 41 329–330 online, 372 cost-cutting techniques, continuing education three checking account 68–69 classes, 329–330 system, 31 standard percentage cost assessment, 325–328 guidelines, 52 Coverdell account, 322 9/25/08 11:29:42 PM 47_345467-bindex.indd 644 47_345467-bindex.indd 644 9/25/08 11:29:42 PM

645 Index ESAs (Education Savings home equity, borrowing electricity and gas use, 645 Accounts), 322 against, 220–222 106–107 f guring the costs, 320 insurance policy, email use, 100–101 four-year public borrowing against, food expenses, 272 education, 330 223–224 garbage costs, 108–109 free money sources, 324 retirement plan, borrowing giveways, 276–278 home equity access, 324 against, 224–225 home ownership, 112–114 housing, 326–328 student loans, 271 household item reuse, in-state versus out-of-state transferring balances, 109–110 tuition, 331 217–219 individual health maximizing savings, when to consolidate, insurance coverage, minimizing tax, 324–325 215–216 158–161 private colleges, 330 consumer debt, 277 insurance expenses, 71–72 rental property housing, contingent benef ciary, letter writing, 101 327–328 422, 601 lighting, 108 retirement accounts, contingent fee basis, medical expenses, 70–71 323–324 174, 244 on personal expenses, 68 saving eff ciently, 320 contingent interest, estate phone cost, 69–70, 100 Section 529 plan, 321 planning, 565 prescription expenses, 70 trust funds, 323 continuing education recreation expenses, tuition, 326 classes, 329–330 67–68 college student health conversion policies, health recycling, 108–109 insurance, 164–165 insurance, 168 renting, 111–112 collision coverage, 412 corporate bonds, 288 for retirement, 311–313 combination payment, Cost of Funds Index (COFI), scratch-and-dent reverse mortgages, 521 134 shopping, 121 common law, 605 cost-cutting techniques. telephone bills, 272 common stock, 283 See also saving television and cable community colleges, 329– appliance eff ciency, expenses, 110 330 107, 120–121 transportation expenses, community property states, bargain shopping, 62 66–67, 115–119 wills and, 604–605 blog resources for, 73 utilities, 63–64, 106–107 compensatory damages, car insurance, 117 water use, 110–111 car insurance, 407 climate control counseling. See also credit compounded growth, 317 air conditioning and fan counseling comprehensive coverage, use, 103 as foreclosure help car insurance, 412 dressing for the weather, option, 145 compulsive spending, 10 101–102 loss mitigation, 147–148 computer safety, 352 heating the house, NFCC Web site, 32 Consolidated Omnibus 103–106 counselors, reverse Budget Reduction Act insulation use, 102 mortgages, 516 (COBRA), 164 shading the house, 102 coupon rate, bonds, 287 consolidation window coverings, coupon shopping, 65 bank loans, 219 102–103 courier fee closing cost, 127 best option considerations, clothing, 68–69 coverage fl exibility, health 216–217 comparison shopping, 272 insurance, 158 dangerous consolidation coupon shopping, 65 Coverdell education possibilities, 226 eating for less, 64–65 savings account, 322 discussed, 52, 194 CPA Directory Web site, 550 47_345467-bindex.indd 645 9/25/08 11:29:42 PM 9/25/08 11:29:42 PM 47_345467-bindex.indd 645

646 Managing Your Money All-in-One For Dummies CPA/PFS (Certif ed Public identity theft, 214, 357, 359 FICO scores, 91–92, 192 Accountant/Personal interest rates, 271 f nancial assessment, Financial Specialist), 577 negative information in, 11–13, 192 CPAs (Certif ed Public 86–89 free copies, 12 Accountants), 469, 577 spending habit freezing, 214 Craigslist Web site, 76 assessment, 20 importance of, 13, 81–82 credit suspicious activity, 214 incorrect information in, accessing after identity as tool, 179 88–89 theft, 365–367 two-cycle average daily items not included in, 85 applying for additional, balance, 218 letter requests for, 12 evaluation criteria, credit counseling list of companies 200–201 advantages of, 235 requesting, 85 bad credit consequences agencies, 52 obtaining copies of, 12 divorce, 210–211 AICCCA, 237 optional credit scores, 85 employment debt settlement f rms, 236 personal identif cation opportunities, 209–210 debt-management information, 84–85 higher interest rate planning, 241–242 public-record information, charges, 209 disreputable, 244–245 85 increased insurance f nancial information, as snapshot of f nancial premiums, 210 sharing with, 240 history, 83–84 paying fees, 208–209 f nding reputable services, thin f les, 88, 93 buyers role, 206 236–237 TransUnion company, distinguishing between good versus bad, 237 11–12, 83, 86 types of, 200 NFCC Web site, 237 VantageScore scoring freezing, 356 resources, 237–238 f eld, 92–93 installment, 200 what to ask and what to who uses information in, principles and concepts expect, 238–239 86 behind, 203–205 credit history, 201–202 Creditinfocenter Web site, rebuilding process, 201 credit rating, as bankruptcy 179 revolving, 200 disadvantage, 258 creditors secured, 200, 204 Credit Repair Kit For communicating directly unsecured, 200, 205 Dummies (Bucci), 13 with, 40–41 credit bureaus credit report closing cost, credit principles and CCS (Central Credit 126 concepts behind, 206 Services), 94–96 credit reports cutting deals with, 194 Chex Systems Web site, 94 account information, 85 negotiating with overview, 94 collection activity, 85 basics, 232 in supporting roles, 207 credit scoring models, budget review, 230 TeleCheck Web site, 94 90–91 copies of loan credit cards Equifax company, 11–12, agreements, 231 adjusted balance, 218 83, 86 debt to negotiate f rst, average daily balance, 218 Expansion score, 93 229–230 cutting up, 40 Experian company, 11–12, listing all debt, 228–229 giveaways, credit card 83, 86 off cial agreement, offers, 276 Fair Credit Reporting Act, putting it in writing, grace periods, 218 13, 89 234–235 9/25/08 11:29:42 PM 47_345467-bindex.indd 646 47_345467-bindex.indd 646 9/25/08 11:29:42 PM

647 Index overview, 51, 227 good versus bad, 199 deferred payment loan. See 647 upfront planning and high-stake, 198 reverse mortgages organization, 228 lending forgiving, 151 def ciencies when and how to lowering, 270–271 demand letters, 151 contact, 232–233 reducing before saving, 51 foreclosures, 151–152 critical path method, estate saving while in, 278–279 Mortgage Forgiveness planning, 570–572 secured, 53–54 Debt Relief Act, 152 unsecured nonrecourse, 151–152 • D • prioritizing, 53 notes, 151 secured versus, 54 Deloitte Web site, 626 D bond rating, 290 when to prioritize, 54–55 demand letters, 151 death. See also life debt collectors. See dental insurance. See insurance collectors health insurance health insurance options debt negotiation f rms, 243 depression for survivors of, 169 Debt Quiz, 10 National Mental Health simultaneous death debt settlement f rms, 236 Association Web statutes, 603–604 debt negotiation f rms site, 39 debt versus, 243 seeking help for, 37 about this book, 3–4 false promises, 243–244 signs of, 38 acknowledging the worse problem detached structured problem, 39 prevention, 244 coverage, 383–385 consolidation Debtors Anonymous dischargeable debts, 256 bank loans, 219 Web site discount brokers, 295 best option considerations, confronting reality of discrimination, 259 216–217 f nancial situation, 10 dispositive clause, wills, dangerous consolidation contact information, 38 589 possibilities, 226 emotion spending distributions, IRAs, 502–503 discussed, 52, 194, 271 assessment, 11 diversif cation, 401(k) home equity, borrowing as help option, 38 plans, 481 against, 220–222 Debt-Proof Living: The dividends, 282, 284, 426 insurance policy, Complete Guide to divorce borrowing against, Living Financially bad credit consequences, 223–224 Free (Hunt), 39 210–211 retirement plan, Debt’s Dominion: A History continuing health borrowing against, of Bankruptcy Law in insurance coverage 224–225 America (Skeel), 255 after, 167–168 transferring balances, decreasing term policies, life divorce clause, wills, 602 217–219 insurance, 433–434, 443 thin f les and, 212–213 when to consolidate, deductibles DJIA (Dow Jones Industrial 215–216 car insurance, 412–415 Average), 285–286 consumer, 277 health insurance, 159–160 document storage, identity debt-management plans, homeowner’s insurance, theft, 355 241–242 397 dollar cost averaging dischargeable, 256 deductions, taxes, 448–450 401(k) plans and, 481 f nancial goals for digging deed-in-lieu of property stock, 286 out of, 39–41 sale, 150 47_345467-bindex.indd 647 9/25/08 11:29:42 PM 9/25/08 11:29:42 PM 47_345467-bindex.indd 647

648 Managing Your Money All-in-One For Dummies Dominguez, Joe (Your Employee Benef t Research estate planning Money or Your Life: Institute Retirement about this book, 5 Transforming Your Conf dence Survey, 306 accountants, 576–577 Relationship with Money Employee Benef t Research accounts receivable, 562 and Achieving Financial Institute Web site, 553 attorneys, 577–578 Independence), 39 Employee Retirement basic description, 559 donations, 42 Income Security benef cial interest, 564 Dow Jones Industrial Act (ERISA) benef ciary arrangements, Average (DJIA), 401(k) plans, 482–483 618 285–286 403(b) plans, 490–491 contingent interest, 565 down payments, employee stock ownership critical path method to, mortgages, 126 plan (ESOP), 530 570–572 Drake, Susan M. (Freelancing employer matching contri- differentiation between, For Dummies), 78 butions, 401(k) plans, 568–570 driver’s license numbers, 478–479 estate planners, 624–626 identity theft, 367 employment, bad credit f nancial planners, drug use, as sign of consequences, 209–210 573–577 depression, 38 ending clauses, wills, f nancial prof les, 569 Duff & Phelps Web site, 538 588–589 f nding help with, 572–576 durable power of attorney energy-saving programs, future interest, 565 form, 618 272 insurance agents, 577 enpowerment, 6 intangible personal • E • enrolled agents, tax property, 563 resources, 469 joint tenancy, 618–620 early-warning alerts, identity entertainment. See legal interest in property, theft, 357–358 recreation expenses 564 earnings adjustment table, envelope system budgeting middle-aged adults, 623 309–310 plan, 43 negative-value property, ECNs (Electronic Computer Equifax credit-reporting 560 Networks), 340 company net value, 561 education expenses, 42. See contact information, online also college savings 12, 83 estate value calculation, Education Savings Accounts discussed, 11 611–612 (ESAs), 322 Web site, 86 probate avoidance, elder law attorneys, equity stripping, 147 613–614 633–636 equity, borrowing against, trusts, 615–618 elderly. See aging parent 220–222 wills, 612–614 care ERISA (Employee operations research, 570 electricity, cost-cutting Retirement Income personal property, 563 techniques, 106–107 Security Act) positive balances, 560 Electronic Computer 401(k) plans, 482–483 present interest, 565 Networks (ECNs), 340 403(b) plans, 490–491 property interest types, email, cost-cutting ideas, ESAs (Education Savings 564–565 100–101 Accounts), 322 property types, 562–563 emotional spending ESOP (employee stock quantitative methods, 570 assessment, 10 ownership plan), 530 real property, 560, 563 9/25/08 11:29:42 PM 47_345467-bindex.indd 648 47_345467-bindex.indd 648 9/25/08 11:29:42 PM

649 Index reasons for, 560–562, intestacy status, 595 Everbank Web site, 378 649 566–567 introductory clause, 585 exclusions, homeowner’s retirement years, 623–624 joint, 581–583 insurance, 384 tangible personal laws of intestate exempt property award property, 563 succession, 595 statutes, 608 terminology associated mutual, 583 exit fees/surrender fees, with, 560 nuncupative, 583 489, 492 under thirty years of age, omitted benef ciary, 609 exordium clause, wills, 589 622 opening clauses, 585 Expansion score, 93 trustee, 564 partial intestacy status, expenses vested interest, 565 595 categorizing, 15, 41–42 wills personal property cutting, 50–51 abatement statute, clauses, 587 f nancial assessment, 15 599–600 planning for, 580–581 f xed, 15 ademption statute, preprinted, 584 periodic, 15 600–601 pretermitted benef ciary, retirement, 546–547 amending, 591–593 609 variable, 15 antilapse statute, real property clause, 587 Experian credit-reporting 601–602 residuary clause, company appointment clause, 588 587–588 contact information, augmented estate, 606 safeguarding, 590–591 12, 83 basic description, 579 self-approved, 589 discussed, 11–12 codicils, 593 signature clause, 588 Web site, 86 common law, 605 simple, 581–582 extended alerts, identity community property simultaneous death theft, 365 states, 604–605 statutes, 603–604 eXtension Web site, 626 contingent benef ciary, spousal elective shares, 601 605–606 • F • dispositive clause, 589 status, 594–596 divorce clause, 602 statutes, list of, 598 FACT Act, 363–364 ending clauses, 588–589 survival clause, 603–604 Fair Credit Reporting Act exempt property award tax clause, 585 (FCRA), 13, 89, 207 statutes, 608 tax exposure situation, Fair Debt Collection exordium clause, 589 580 Practices Act (FDCPA) family allowance testacy status, 594 discussed, 207 statutes, 608–609 testamonium clauses, law violations, 197 family statement clause, 589 practices, 196 585 trusts comparison, 616 Fairmark Web site, 546 f duciary powers clause, typewritten, 582 family allowance statutes, 588 young singles and adults, 608–609 giving clauses, 586–588 621 Family Care Givers Online holographic, 583 Estate Planning Law Web Web site, 619 homestead allowance site, 624 family statement clause, statutes, 607 E*Trade Bank, 378 wills, 585 homestead exemption E*Trade broker, 295, family, as moral statutes, 607 338–339 encouragement, 39 47_345467-bindex.indd 649 9/25/08 11:29:42 PM 9/25/08 11:29:42 PM 47_345467-bindex.indd 649

650 Managing Your Money All-in-One For Dummies Fannie Mae (FNMA), 124 f delity bonds, 484 spending and income fans, climate control, 103 Fidelity Investments comparison, 14–18 Fantasy Stock Market Web broker, 338, 340 spending habit site, 342 Fidelity Investments Web assessment, 19–20 FCRA (Fair Credit Reporting site, 181 your relationship with Act), 13, 89, 207 Fidelity Web site, 612 money, 10–11 FDCPA (Fair Debt Collection f duciary powers clause, Financial Engines Web site, Practices Act) wills, 588 311, 551 discussed, 207 f duciary responsibility, f nancial goals. See also law violations, 197 ERISA requirements, budgets; f nancial practices, 196 483 planning FDIC (Federal Deposit f eld off cers, 461 believing in yourself, Insurance 15-year note, 223 34–36 Corporation), 371 f nance company loans, 58 budgets, 40 Federal Citizen Information f nancial assessment can-do attitude toward, Center Web site, 613 about this book, 2–3 35–36 federal income taxes, adding up what you owe, celebrating success of, 37 prioritizing unsecured 23–24 children, talking money debt, 54 assets, documenting, with, 33–34 Federal Reserve Board, 191 21–23 digging out of debt goals, federal taxes, 445–446, 477 car payments, 23 39–41 Federal Trade Commission confronting reality of discussing goals with your (FTC) f nancial situation, 9–10 partner, 28–29 contact information, 240 credit report assessment, f nancial strengths credit counseling service 11–13, 192 and weaknesses, complaints, 245 emotional spending, 11 recognizing, 28–29 ID Theft Hotline, 362 expenses, categorizing, 15 keeping family relationships identity theft and, 362 FICO score, 13–14 a priority, 34 Web site, 240 f nancial strengths long-term goals, 29–30 FICA taxes, 477 and weaknesses, overview, 27 FICO score recognizing, 28–29 peaceful solutions to amount of type of debt foreclosure, 147–150 differences, 31–32 component, 91 401(k) plans, 481–482 pulling together with Expansion score, 93 fritter factor, 15–16 spouse/partner, 32–33 how to obtain, 13 living for the moment, 11 savings goals, 30–31 how to raise, 14 monthly spending to setbacks, handling, 36–37 length of time using credit monthly income setting realistic, 36 component, 91 comparison, 192 three checking account low versus high scores, 14 mortgage payments, system, 31 paying on time 23, 125–129 f nancial planners component, 91 net income, 16 AICPA (American Institute proportion of balance, 91 net worth, 186–187 of Certif ed Public recent account activity online retirement Accountants), 577 component, 92 planning, 542–543 CFAs (Chartered Financial variety of accounts retirement, 307–311 Analysts), 575 component, 92 spending, 268–270 9/25/08 11:29:42 PM 47_345467-bindex.indd 650 47_345467-bindex.indd 650 9/25/08 11:29:42 PM

651 CFPs (Certif ed Financial f xed accounts, 403(b) home ownership Index 651 Planners), 574–576 plans, 488 preservation, 141 CFS (Certif ed Fund f xed expenses, 15 HUD time guidelines, Specialist), 575 f xed-rate level term 143–144 CIMC (Certif ed Invest- insurance, 431 loan modif cation, 148–149 ment Management f xed-rate mortgages long-term solutions, Consultant), 575 advantages of, 131 149–150 CPA/PFS (Certif ed Public def ned, 130 loss mitigation, 141, 147, Accountant/Personal disadvantages of, 131–132 150 Financial Specialist), 15-year, 131 Mortgage Forgiveness 577 30-year, 131 Debt Relief Act, 152 CPAs (Certif ed Public traditional, 136 mortgage-repayment Accountants), 469, 577 fl exibility in f nancial plans, 148 estate planning, 573–577 planning, 178 90 day late period, IA (Investment Advisor), fl ood certif cation closing 141–142 575 cost, 127 in nonjudicial state, as life insurance agent, 438 fl ood determination 142–144 RIA (Registered Investment closing, 127 overview, 139 Advisor), 575 FNMA (Federal National pre-foreclosure sale f nancial planning. See also Mortgage Association), arrangement, 150 budgets; f nancial goals 124 short sale, 149–150 fl exibility in, 178 food expenses short-term solutions, Internet resources categorizing, 41 147–148 banking services, cost-cutting ideas, special forbearance plan, 184–185 64–65, 272 148 budget worksheets, standard percentage universal default clauses, 181–182 guidelines, 52 140, 149 canned online budget, forbearance, 148 foreclosure f lings, 129 180 foreclosure foreign ATM fees, 376 f nancial makeover alternatives to, 147–150 Form 982 (Reduction questions and online attorneys for, 150 of Tax Attributes resources, 179–180 bailout, 145 Due to Discharge of free advice, 185–186 basic description of, Indebtedness), 152 income and expense 140–141 formal complaints, health tracking, 183 buying more time, 150 insurance, 174 net cash fl ow considering solutions for 401(k) plans calculators, 183 long-term problems, advantages of, 479–480 online calculators, 181 148–149 after-tax contributions, overview, 178 deed-in-lieu of property 478 realistic goals, 178 sale, 150 avoiding losses in Financial Planning Associ- def ciencies, 151–152 bankruptcy, 483–484 ation Web site, 575 equity stripping, 147 basic description, 475 Fiscal Agents Web site, 179 f nancial assessment, borrowing against, 529 & Other College Savings 147–150 224–225 Plans For Dummies forbearance, 148 brokerage window, 481 (Munro), 320, 323 help options, 145–146 discussed, 311 47_345467-bindex.indd 651 9/25/08 11:29:42 PM 9/25/08 11:29:42 PM 47_345467-bindex.indd 651

652 Managing Your Money All-in-One For Dummies 401(k) plans (continued) annuities, 488 fund managers, 480 diversif cation, 481 catch-up contributions, fundamental analysis dollar cost averaging, 481 487–488 strategy, stock, 285 employer matching church-related plans, 492 funding the trusts, 617 contributions, 478–479 combining with other Funeral Directory Web site, ERISA requirements, plans, 488 615, 620 482–483 discussed, 305 FUTA taxes, 477 federal taxes, 477 ERISA requirements, future interest, estate FICA taxes, 477 490–491 planning, 565 f nancial assessment, exit fees/surrender fees, futures, 285 481–482 489, 492 403(b) plan versus, 493 f xed accounts, 488 • G • fund managers, 480 401(k) plan versus, 493 FUTA taxes, 477 403(b)(7) accounts, 488 GainsKeeper Web site, 345 hardship withdrawals, non-ERISA requirements, garbage costs 484–485 491–492 cost-cutting techniques, as income, 305 rollovers, 490 108–109 investment objective, 480 sub accounts, 488 recycling, 108–109 local/municipal tax-deferred annuities, 487 reducing what you throw government taxes, 477 tax-sheltered annuities, 487 away, 108–109 lower taxable income, 476 variable annuities, 488 garnishment, 54 matching contributions, withdrawing money from, gas use, cost cutting 476 489–490 techniques, 106–107 mutual funds, 480 403(b)(7) accounts, 488 generic prescriptions, 155 nondiscrimination tests, fraud alerts, identity theft, gift expenses 485 364–365 categorizing, 42 Pension Protection Act, 483 free f nancial advice, spending habit poorly administrative 185–186 assessment, 20 plans, 485–486 freelancing, 78–79 giveaways, 276 potential pitfalls, 484–486 Freelancing For Dummies giving clauses, wills, pretax contributions, 476 (Drake), 78 586–588 QDIA provision, 483 freezing credit, 356 goals. See f nancial goals rollovers, 480 friends, as moral Good Faith Estimate and 72(t) withdrawals, 525 encouragement, 39 Truth in Lending small business owners front-end fees, mutual Statement, 127, 517 and, 486 funds, 291 good neighbor coverage, state taxes, 477 FTC (Federal Trade 389 tax deferral, 476 Commission) good versus bad debt, 199 trustee-to-trustee transfer, contact information, 240 grace period, 142, 218 480 credit counseling service group health insurance vesting, 480 complaints, 245 coverage, 156–158 withdrawing money from, ID Theft Hotline, 362 growth investing strategy, 484–485 identity theft and, 362 stock, 286 403(b) plans Web site, 240 Guide to Planned Giving advantages of, 486 full-service brokers, Web site, 623 after-tax contributions, 486 294, 334 9/25/08 11:29:43 PM 47_345467-bindex.indd 652 47_345467-bindex.indd 652 9/25/08 11:29:43 PM

653 Index • H • renewability, 157 High Deductible Health 653 Plan (HDHP), 160 school accident insurance, 170 high-stake debts, 198 hardship withdrawals, 401(k) plans, 484–485 self-care, saving indirectly HIPPA (Health Insurance HDHP (High Deductible with, 161 Portability and Health Plan), 160 self-employment, 170 Accountability Act), headhunters, job searching, short-term coverage, 168–169 77 165–166 holographic wills, 583 health insurance. See also spousal coverage, 167 Home Buying For Dummies medical expenses staying insured through (Tyson and Brown), benef t levels, 157 hard times, 163 112 for children over eighteen, survivors of premature home equity 163–164 death, 169 borrowing against, COBRA continuation temporary coverage, 220–222 option, 164 165–166 college savings, 324 for college students, travel medical insurance, home equity conversion 164–165 171 mortgage (HECM), 514 contingent fee basis, 174 uninsurable conditions, home equity line of credit continuing coverage after 162 (HELOC), 221–222 divorce, 167–168 unneeded coverage, 158 home f nances. See conversion policies, 168 wasteful policies, 170–171 household f nances cost-cutting ideas, 72 Health Insurance Portability Home Keeper and Home coverage fl exibility, 158 and Accountability Act Keeper for Purchase deductibles, 159–160 (HIPPA), 168–169 loans, 515 formal complaints, 174 Health Savings Account home ownership. See also good insurance criteria, (HSA), 160–161 mortgages 155–156 heating caretakers, taking care of HDHP (High Deductible cost-cutting techniques, others’ property, 115 Health Plan), 160 63 cost-cutting techniques, HIPAA (Health Insurance heating the house, climate 112–114 Portability and control, 103–106 determining whether Accountability Act), HECM (home equity conver- you can afford to buy, 168–169 sion mortgage), 514 128–130 HSA (Health Savings HELOC (home equity line of f xer-uppers, 113–114 Account), 160–161 credit), 221–222 manufactured housing, individual coverage help 114 group coverage versus, books, 39 mobile homes, 114 156–158 credit counseling preservation, 141 saving money on, 158–161 agencies, 52 renovations, 113–114 Medicaid programs, Debtors Anonymous, 38 homeowner’s insurance 175–176 for depression, 37 additional living expenses medical evacuation foreclosures, 145–146 coverage, 386 insurance, 171–172 friends and family belongings coverage, premiums, 159 support, 39 385–386 prioritizing unsecured mental health professionals, causes-of-loss options, debt, 55 38–39 389–390 where to f nd, 38–39 47_345467-bindex.indd 653 9/25/08 11:29:43 PM 9/25/08 11:29:43 PM 47_345467-bindex.indd 653

654 Managing Your Money All-in-One For Dummies homeowner’s insurance household f nances driver’s license numbers, (continued) about this book, 3 367 ceilings and walls damage, cost-cutting techniques, early-warning alerts, 390 62 357–358 claims, 397–399 expenses, categorizing, 41 extended alerts, 365 cost-cutting ideas, 71 ways to spend less, 62–63 FACT Act, 363–364 counters and fl ooring housing, college savings, fraud alerts, 364–365 damage, 390 326–328 freezing credit options, 356 coverage limits, 392–396 HSA (Health Savings FTC involvement, 362 coverage types, 382 Account), 160–161 how to spot, 357–360 deductibles, 397 HSBC Web site, 184, 375 IFCC (Internet Fraud detached structure HUD homes Complaint Center), 352 coverage, 383–385 foreclosure time line blocking, 365 exclusions, 384 guidelines, 143–144 mail crimes, 353–355 good neighbor coverage, HUD Web site, 145 missing account 389 Web site, 148 statements, 360 loss-reduction tips, 398 HUD-1 Settlement online transactions, taking medical bills coverage, Statement, 127 advantage of, 350 389 Hunt, Mary (Debt-Proof password-protection, most common policies, Living: The Complete 353, 366–367 391–392 Guide to Living phishing scams, 351–352 percent of building-value Financially Free), 39 PINs, 366 method, 396 hybrid adjustable-rate police-reporting process, personal liability mortgage, 134 362–363 coverage, 386–388 post off ce, notifying, 363 rebuilding coverage, • I • predicting, 358 394–395 shredder use, 355–356 replacement cost of home, IA (Investment Advisor), social engineering, 353 392–394 575 Social Security numbers, residence coverage, ID Theft Hotline (FTC), 362 367 382–383 identity theft top known sources of, 353 selection considerations, accessing credit after, unrecognized credit card 389, 391–392 365–367 charges, 359 square-footage method, accounts, closing and victim’s statement, 361 396 reopening, 366 what to do/who to call, 200 percent method, active-duty alert, 354 360–365 395–396 avoiding, 213 IFCC (Internet Fraud water damage, 390 basic description of, 349 Complaint Center), 353 homestead allowance collections calls, immediate annuity, retire- statutes, 607 receiving, 358–359 ment accounts, 538–539 homestead exemption computer safety, 352 Imoney Web site, 179 statutes, 607 credit bureau contacts, impulse purchases, 20 hospital discounts, medical 361 income expenses, 175 credit cards, 357, 359 AGI (adjusted gross hot tips, investment denied credit or account income), 501 mistakes, 297–298 access, 359 income and expense house poverty, 112 document storage, 355 tracking, 183 9/25/08 11:29:43 PM 47_345467-bindex.indd 654 47_345467-bindex.indd 654 9/25/08 11:29:43 PM

655 increasing, 51 SIMPLE, 499 intangible personal Index 655 infl ation-adjusted, 307–308 traditional property, estate monthly spending and def ned, 499 planning, 563 income comparison maximum allowable interest, 463 worksheet, 46–49, 192 annual contributions, interest rate caps, net household, 52 503 adjustable-rate nonresident source, 448 who should have, 504 mortgages, 134 normal retirement age, withdrawing from, interest rates 303 502–503, 537 credit card, 271 Social Security, 303–304 infl ation debt consolidation and, spending comparison, infl ation-adjusted income, 216 14–18 307–308 higher changes, bad credit tax-deferred, 224 reverse mortgages and, consequences, 209 income-producing 521–522 mortgages, 124 investments, 531 ING Direct Web site, reverse mortgages, index funds, 292 184–185, 378 521–522 index rates, adjustable-rate inherited wealth income, interest-bearing checking mortgages, 134 306 accounts, 372 individual health insurance initial public offering (IPO), interest-only adjustable- coverage 284 rate mortgage, 134 group coverage versus, injury, liability coverage, Internal Revenue Service 156–158 386–388 (IRS) saving money on, 158–161 installment credit, 200 appealing decisions from, individual retirements installments, paying taxes 466 accounts (IRAs) in, 456–457 approval of nonprof t advantages of, 498, 507 instant refund loans, 58–59 status letter, 238 basic description, 495 insuff cient funds penalty, CAP (Collection Appeals directing your own 269 Program), 466 investments, 506–507 insulation use, climate CDP (Collection Due distributions, 502–503 control, 102 Process), 466 funding, 500–501 insurance communication with, 470 maximum allowable annual actuaries, 210 cutting deals with, contribution, 501 borrowing against, 459–461 online planning, 552–554 222–223 f eld off cers, 461 reasons for, 496–497 cash value policies, 305 Form 982, 152 retirement savings con- comparison shopping, 272 OIC (Offer in Compromise), tributions credit, 501 cost-cutting techniques, 459–461 rollovers, 506 71–72 pressure to pay by, 455 Roth expenses, 41 Web site, 528 characteristics, 505 premiums, bad credit international/global funds, def ned, 499 consequences, 210 292 tax-sheltered growth, prioritizing unsecured Internet Fraud Complain 505 debt, 55 Center (IFCC), 353 rules and characteristics, as retirement income, 305 Internet, f nancial planning 499–500 insurance agents, estate banking services, 184–185 self-directed, 499 planning, 577 budget worksheets, SEP, 499 InsWeb Web site, 179 181–182 47_345467-bindex.indd 655 9/25/08 11:29:43 PM 9/25/08 11:29:43 PM 47_345467-bindex.indd 655

656 Managing Your Money All-in-One For Dummies Internet, f nancial planning identifying the cost, IRS (Internal Revenue (continued) 275–276 Service) canned online budget, 180 literature, reading appealing decisions from, f nancial makeover carefully, 276 466 questions and online Wachovia Securities approval of nonprof t resources, 179–180 Financial Network, 299 status letter, 238 free advice, 185 Investopedia Web site, 544, CAP (Collection Appeals income and expense 550 Program), 466 tracking, 183 InvestorGuide Web site, 376 CDP (Collection Due net cash fl ow calculators, IPO (initial public offering), Process), 466 183 284 communication with, 470 online calculators, 181 IRAs (individual retirement cutting deals with, intestacy status, wills, 595 accounts) 459–461 introductory clause, advantages of, 498, 507 f eld off cers, 461 wills, 585 basic description, 495 Form 982, 152 Investing For Dummies, 4th directing your own OIC (Offer in Edition (Tyson), 293 investments, 506–507 Compromise), 459–461 Investment Advisor (IA), distributions, 502–503 pressure to pay by, 455 575 funding, 500–501 Web site, 528 investment objective, maximum allowable 401(k) plans, 480 annual contribution, • J • investments. See also bonds; 501 mutual funds; stock online planning, 552–554 James, Raymond, 183 about this book, 4 reasons for, 496–497 J.D. Power brokerage common mistakes retirement savings ratings, 340 hot tips, 297–298 contribution credit, 501 Job-Hunt Web site, 75 investing before you’re rollovers, 506 jobs ready, 296–297 Roth business scams, 79 investing without goals, characteristics, 505 Career Builder Web site, 297 def ned, 499 75 not diversifying tax-sheltered growth, Career Guide to Industries, portfolios, 298 505 73 selling too soon/too late, self-directed, 499 earning more at, 74 298, 300 SEP, 499 freelancing, 78–79 general knowledge of, SIMPLE, 499 job search Web sites, 75 274–276 traditional looking for new, 74–77 income-producing, 531 def ned, 499 Occupational Outlook online, 342–346 maximum allowable Handbook, 73 retirement, 531–533 annual contributions, resumes, 74–75 risks 503 second, 77–78 balance risk and who should have, 504 self-employment, 78–79 expectations against withdrawing from, Wall Street Journal career future monetary needs, 502–503, 537 journal, 75 275 irresponsible spending, 191 joint accounts, 31 general knowledge of, irrevocable trusts, 617 joint tenancy, 618–620 275 joint wills, 581–583 9/25/08 11:29:43 PM 47_345467-bindex.indd 656 47_345467-bindex.indd 656 9/25/08 11:29:43 PM

657 JPMorgan Private Bank, 184 f nancial planners, 438 suicide clause, 422 Index 657 judgment proof, 198 Internet resources, 439 term, 423 junk bonds, 289 multiple, 437–438 trading cash value for selection considerations, death protection needs • K • 436–437 mistake, 440 amount needed universal, 427–428 Kiplinger Web site, 183, 186, assessment, 419–420 variable life, 429 340, 550, 553, 613 ART (annual renewable waiver of premium, 422 term), 431 whole life, 427 • L • benef ciaries, 421–422 lifetime caps, 134 lighting, cost-cutting buying before you need, 444 techniques, 108 late-payment fees, 269 laws of intestate buying in pieces mistake, limit orders, 337, 343 succession, wills, 595 440–441 line of credit payment lawsuit risks, car insurance, cash value, 425, 429–431 option, reverse 401–405 common myths and mortgages, 521 legal interest in property, mistakes, 440–444 liquidating assets, 271 564 covering children and not listed exchanges, 283 LegalMatch Web site, 625 parents, 443 Living to 100 Web site, 547 Legalzoom Web site, 614 covering one income living trusts, 616, 636–637 letter writing, as cost- mistake, 442 Living Trusts on the Web cutting technique, 101 decreasing term policies, Web site, 618 level decreasing term 433–434, 443 loan modif cation, coverage, 433 dividends, 426 foreclosures, 148–149 level load fees, mutual f xed-rate level term, 431 loan origination fees, 126 funds, 291 free life insurance loans. See also borrowing levies, 467–468 deductions, 420 advance fee, 58 liability coverage ignoring homemaker’s car title, 59 car insurance, 402–406 value, 442 debt consolidation, 219 homeowner’s insurance, liquid asset assessment, f nance company, 58 386–388 419 home equity, 221 LIBOR (London Interbank mortality cost, 423 Home Keeper and Offered Rate), 134 mortgage company, 434 Home Keeper for liens, 197, 465 multiple of income Purchase, 515 life insurance method, 420 instant refund, 58–59 accidental death/travel needs assessment, 417–418 loans to avoid, 58 coverage mistake, 442 nonforfeiture values, 429 passbook, 213 agent commissions, 426 owner of, 422 pawnshop, 58 agent compensation, 424 permanent, 423 payday, 58 agents policy expense cost, 423 tax anticipation, 58–59 associations offering, 440 policy loans, 430 tax refund, 58 buying without, 438–440 purchase options, 422 loan-to-value (LTV) ratio, career life, 437 renewable level term 126 direct mail and insurance, 432 local taxes, 449, 477 telemarketing selection considerations, London Interbank Offered solicitations, 440 435–436 Rate (LIBOR), 134 47_345467-bindex.indd 657 9/25/08 11:29:43 PM 9/25/08 11:29:43 PM 47_345467-bindex.indd 657

658 Managing Your Money All-in-One For Dummies long-distance call plans, 100 Medical Billing Advocates mortality cost, life long-term goals of America Web site, insurance, 423 budgeting, 41–44 174 mortgage brokers, 140 retirement, 316–317 medical bills coverage mortgage decreasing term setting f nancial goals, car insurance, 407 coverage, 433 29–30 homeowner’s insurance, Mortgage Forgiveness Debt long-term solutions, 389 Relief Act, 152 foreclosures, 149–150 medical evacuation mortgage interest, loss mitigation, 141, 147, insurance, 171–172 deductions, 449 150 medical expenses. See also mortgage-repayment plans, loss-of-use coverage, 416 health insurance 148 loss-reduction tips, bill-paying assistance, 173 mortgages homeowner’s categorizing, 41 adjustable-rate insurance, 398 coordinating insurance adjustment period, low-balance penalties, 376 benef ts, 154 133–134 LTV (loan-to-value) ratio, cost-cutting ideas, 70–71 advantages of, 135 126 deductions, 448 disadvantages of, lump sum payment option, hospital discounts, 175 135–136 reverse mortgages, 520 less-expensive hybrid, 134 luxuries, spending habit prescriptions, 154–155 index rates, 134 assessment, 20 negotiation, 154 initial interest rates, 133 payment plans, 154 interest rate caps, 134 • M • prioritizing unsecured interest-only, 134 debt, 55 margin, 134 mail crimes, 353–355 reducing bill amounts, payment-option, MainStreet Web site, 179 172–173 134–135, 137–138 managing your f nances. as result of auto accident, traditional, 136–137 See budgets; f nancial 175 basic description of, planning reviewing thoroughness 124–125 manufactured housing, 114 of, 153–154, 173–174 closing costs, 126–127 margin accounts, 342 standard percentage determining which loan is margins, adjustable-rate guidelines, 52 best, 136–138 mortgages, 134 mental health down payments, 126 market cap, 284 professionals, 38–39 f nancial assessment, 23, market orders, 337, 343 MMA (money market 125–129 market timing strategy, account), 372 f xed-rate stock, 286 MMDA (money market advantages of, 131 market value of assets, 240 deposit account), 372 def ned, 130 matching contributions, mobile homes, 114 disadvantages of, 401(k) plans, 476 Money Instructor Web site, 131–132 maturity date, bonds, 287 555 15-year, 131 means test, bankruptcy, money order fees, 376 30-year, 131 261 Monster.com Web site, 75 traditional, 136 Medicaid programs, monthly maintenance fees, FNMA (Federal National 175–176 376 Mortgage Association), Morningstar Web site, 311, 124 345, 544, 554 foreclosure f lings, 129 9/25/08 11:29:43 PM 47_345467-bindex.indd 658 47_345467-bindex.indd 658 9/25/08 11:29:43 PM

659 Good Faith Estimate loan values, 518 sector funds, 292 Index 659 and Truth in Lending lump sum payment stock funds, 291 Statement, 127 option, 520 U.S. stock funds, 292 HECM (home equity NRMLA, 517 mutual wills, 583 conversion mortgage), originators, 517 Myf co Web site, 179 514 tenure payment option, MyVesta Web site, 179 HUD-1 Settlement 520 Statement, 127 term payment option, • N • interest rates, 124 520 life insurance through what is isn’t, 512–513 NAEA (National Association mortgage company, 434 seller f nancing, 125 of Enrolled Agents), 469 loan origination fees, 126 service companies, 145 NAELA (National Association LTV (loan-to-value) ration, size, 124 of Elder Law Attorneys), 126 spending habit 635 misconceptions, 511–512 assessment, 20 National Foundation Credit mortgage loan brokers, terms, 124 Counseling (NFCC) Web 125 motivation, positive site, 32, 41, 145, 237 overview, 125 attitudes, 35 National Mental Health PMI (private mortgage Motley Fool Web site, Association Web insurance), 126 544, 554 site, 39 property taxes, 128 mPower Web site, 311 National Reverse Mortgage ref nancing and getting MS Money Web site, Lenders Association cash out, 222–223 179, 181 (NRMLA), 517 reverse MSN Money Web site, 186 National White Collar Crime advantages of, 511 multiple of income method, Center (NW3C), 352 amount you can borrow, life insurance, 420 negative thinking 519–520 municipal bonds, 288 depression, 37 appraisers, 518 Munro, Margaret A. (529 & setting f nancial goals, 36 basic description, 509 Other College Savings negative-value property, combination payment Plans For Dummies), estate planning, 560 option, 521 320, 323 negotiation counselors, 516 Muriel Siebert broker, 295 with creditors deferred payment loan, mutual funds. See also basics, 232 510 bonds; stock budget review, 230 effect of funds and back-end load fees, 291 copies of loan f nances, 521 balanced funds, 291, 293 agreements, 231 Good Faith Estimate, 517 bond funds, 291, 293 debt to negotiate f rst, Home Keeper and Home brief description of, 290 229–230 Keeper for Purchase concepts and basic listing all debt, 228–229 loans, 515 practices, 291 off cial agreement, putting home value, 518 401(k) plans, 480 in writing, 234–235 how it works, 510 front-end load fees, 291 overview, 227 infl ation and interest index funds, 292 upfront planning and rates, 521–522 international/global funds, organization, 228 lending limits, 518 292 when and how to line of credit payment level load fees, 291 contact, 232–233 option, 521 no load fees, 291 of medial expenses, 154 47_345467-bindex.indd 659 9/25/08 11:29:43 PM 9/25/08 11:29:43 PM 47_345467-bindex.indd 659

660 Managing Your Money All-in-One For Dummies net cash fl ow calculators, • O • remote, wireless banking 183 and alerts, 379 net household income, 52 Occupational Outlook returned-check/NSF fees, net income, 16 Handbook, 73 377 net value, estate planning, Offer in Compromise (OIC), savings accounts, 371 561 456, 459–461 traditional banks with net worth online bank accounts online services, 370 f nancial assessment, accessing, 370 transaction disputes, 377 178, 186–187 advantages of, 370 traveler’s check fees, 377 online calculators, 187 Bank of America, 374 UnivestDirect, 378 networking, job searching, Bank of the Internet USA, user prof les, 373–374 76 378 Wachovia, 379 New York Stock Exchange basic description of, 369 WaMu (Washing Mutual), (NYSE), 340 call-center charges, 376 375, 379 newspaper listings, job canceled check fees, 376 Zions First National Bank, searching, 76 CDs (certif cates of 378 NFCC (National Foundation deposit), 373 online brokers. See brokers Credit Counseling) Web Charles Schwab, 378 online estate planning site, 32, 41, 145, 237 Chase, 374–375 estate value calculation, no load fees, mutual funds, check printing fees, 376 611–612 291 checking accounts, 372 probate avoidance, no-asset cases, bankruptcy, Citibank, 375, 379 613–614 260 click-and-brick banks, 370 trusts, 615–618 NOLO Web site, 618, 623 E*Trade, 378 wills, 612–614 nondiscrimination tests, Everbank, 378 online investments, 401(k) plans, 485 foreign ATM fees, 376 342–346 nonforfeiture values, life HSBC, 375 online retirement planning insurance, 429 IND Direct, 378 basic description, 541 nonjudicial state, interest-bearing checking calculator assistance, foreclosure in, 142–144 accounts, 372 549–550 nonrecourse, 151–152 InvestorGuide Web site, f nancial assessment, nonresident source income, 376 542–543 448 low-balance penalties, 376 401(k) plans, 551–552 notes, dealing with MMA (money market how much to save, def ciencies, 151 account), 372 547–549 NR bond rating, 290 MMDA (money market IRAs, 552–554 NRMLA (National Reverse deposit account), 372 pension plans, 544 Mortgage Lenders money order fees, 376 resources, 544 Association), 517 monthly maintenance saving for retirement, NSF/returned check fees, fees, 376 551–555 377 opening, 379 small business and self- nuncupative wills, 583 overdraft charges, 376 employment, 554–555 NW3C (National White PayPal, 380 Social Security benef ts, Collar Crime Center), per-check charges, 377 545–546 352 personal-f nance software what if scenarios, 550–551 NYSE (New York Stock packages, 370 opening clauses, wills, 585 Exchange), 340 9/25/08 11:29:43 PM 47_345467-bindex.indd 660 47_345467-bindex.indd 660 9/25/08 11:29:43 PM

661 Index operations research, estate penalties and interest, long-distance plans, 100 661 planning, 570 454–455, 463 purchasing your own options, stock, 284 penny stock, 284 machine, 100 originators, reverse pension plans PITI (principal, interest, mortgages, 517 borrowing money taxes, and insurance), over appraisals, 221 against, as bankruptcy 128 overdraft charges, 376 alternative, 259 plan f duciary, ERISA over-limit fees, 269 online retirement requirements, 482 over-the-counter market planning, 544 PMI (private mortgage exchange, 283 Pension Protection Act, 483 insurance), 126 per accident limit, car points closing cost, 126, 132 • P • insurance, 406 police-reporting process, per person limit, car identity theft, 362–363 par value, bonds, 287 insurance, 406 policy expense cost, life partial intestacy status, percent of building-value insurance, 423 wills, 595 method, homeowner’s policy loans, life insurance, partial-repayment plans, 256 insurance, 396 430 part-time work, as retire- per-check chargers, 377 portfolios, investment, 298 ment income, 305 periodic adjustment caps, positive attitudes passbook loans, 213 134 can-do attitude, 35–36 password-protected infor- periodic expenses, 15 setting f nancial goals, mation, 213, 353, permanent life insurance, 35–36 366–367 423 positive balances, estate past-due taxes, 464–468 Personal Bankruptcy Laws planning, 560 pawnshop loans, 58 For Dummies (Caher), post off ce involvement, payday loans, 58 53, 463 identity theft, 363 paying fees, bad credit personal expenses postpetition taxes, 463 consequences, 208–209 categorizing, 41 power of attorney paying taxes cost-cutting ideas, 68 basic description, 627 in installments, 456–457 personal identif cation f nance aspects, 628–629 less than ten-thousand information knowing your dollars, 457 credit reports, 84–85 responsibility, 629–630 more than ten-thousand identity theft, 366 preferred stock, 284 but less than twenty- personal injuries, car pre-foreclosure sale f ve thousand dollars, insurance, 407–411 arrangement, 150 458 personal liability coverage, premiums, health more than twenty-f ve 386–388 insurance, 159, 166 thousand dollars, 458 personal property clauses, prescriptions. See also payment, balloon, 222 wills, 587–588 medical expenses payment plans, medical personal property, estate cost-cutting techniques, expenses, 154 planning, 563 70–71 payment-option adjustable- phishing scams, 351–352 generic, 155 rate mortgage, 134–135, phone costs less-expensive, 154–155 137–138 cost-cutting techniques, present interest, estate PayPal payment, 380 69–70, 100 planning, 565 P/E (price-to-earnings) fl at rates/measured pretax contributions, ratio, 284 service plans, 100 401(k) plans, 476 47_345467-bindex.indd 661 9/25/08 11:29:43 PM 9/25/08 11:29:43 PM 47_345467-bindex.indd 661

662 Managing Your Money All-in-One For Dummies pretermitted benef ciary, • Q • renewability, health 609 insurance, 157 price, bonds, 287 QDIA (Qualif ed renewable level term price-to-earnings (P/E) Default Investment insurance, 432 ratio, 284 Arrangement), 483 renovations, home pricing, individual versus Qualif ed Tuition Program ownership, 113 group health insurance (Section 529), 321 rental cars coverage, 156 quantitative methods, bargains, 118–119 primary benef ciaries, 421 estate planning, 570 insurance coverage, 416 primary market, bonds, 287 Quicken Web site, 181 renting principal, interest, taxes, advantages of, 111–112 and insurance (PITI), as college housing, 128 • R • 327–328 principal, retirement cost-cutting techniques, accounts and, 523 Raymond James Web site, 63, 111–112 private colleges, 330 183 free rent, 112 private mortgage insurance real property clause, wills, rent-to-own options, 121 (PMI), 126 587–588 repetition interest, 463 probate avoidance, 613–614 real property, estate required minimum distri- Probate FAQ Web site, 614 planning, 560, 563 bution, retirement prof les, estate planning, realistic budgets, 57 accounts, 524 569 realistic goals, f nancial required withdrawals from property insurance. See planning, 178 retirement accounts, homeowner’s insurance recording fee closing cost, 527–528 property interest types, 127 residence coverage, estate planning, recreation expenses 382–383 564–565 categorizing, 42 residuary clause, wills, property taxes cost-cutting ideas, 67–68 587–588 determining whether you standard percentage resources can afford to buy a guidelines, 52 online retirement home, 128 recycling, as cost-cutting planning, 544 prioritizing unsecured technique, 108–109 taxes, 469–470 debt, 54 Reduction of Tax Attributes trusts, 617–618 property types, estate Due To Discharge of resumes, 74–75 planning, 562–563 Indebtedness (Form retirement proportion of balance, 91 982), 152 about this book, 5 Prudential Financial Web ref nancing basic description, 301 site, 543, 613 debt consolidation, borrowing against, Prudential Web site, 626 222–223 224–225 public-record information 15-year note, 223 calculator, 310 bankruptcy as lowering debt option, college savings, 323–324 disadvantages, 258 271 compounded growth, 317 credit reports, 85 mortgages and getting deciding when and how pulicani, 282 cash out, 222–223 to take money out, purchase options, life 30-year note, 223 524–527 insurance, 422 ways to spend less, 63 earnings adjustment table, put option, 284 Registered Investment 309–310 Advisor (RIA), 575 9/25/08 11:29:43 PM 47_345467-bindex.indd 662 47_345467-bindex.indd 662 9/25/08 11:29:43 PM

663 Index Employee Benef t mutual funds, 480 variable annuities, 488 663 Research Institute nondiscrimination tests, withdrawing money Retirement Conf dence 485 from, 489–490 Survey, 306 Pension Protection Act, immediate annuity, employee/employer 483 538–539 contributions, 316 poorly administrative infl ation-adjusted income, ESOP (employee stock plans, 485–486 307–308 ownership plan), 530 potential pitfalls, inherited wealth income, estate planning, 623–624 484–486 306 expense cutting pretax contributions, 476 investing sooner than techniques, 311–313 QDIA provision, 483 later, 507–508 expenses, 546–547 rollovers, 480 IRAs (individual f nancial assessment, 72(t) withdrawals, 525 retirement accounts) 307–311 small business owners advantages of, 498, 507 401(k) plan and, 486 basic description, 495 advantages of, 479–480 state taxes, 477 directing your own after-tax contributions, tax deferral, 476 investments, 506–507 478 trustee-to-trustee distributions, 502–503 avoiding losses in transfer, 480 funding, 500–501 bankruptcy, 483–484 vesting, 480 maximum allowable basic description, 475 withdrawing money annual contribution, borrowing against, from, 484–485 501 224–225 403(b) plan online planning, 552–554 brokerage window, 481 advantages of, 486 reasons for, 496–497 diversif cation, 481 after-tax contributions, retirement savings dollar cost averaging, 486 contribution credit, 501 481 annuities, 488 rollovers, 506 employer matching catch-up contributions, Roth, 499, 505–507 contributions, 478–479 487–488 rules and characteristics, ERISA requirements, church-related plans, 499–500 482–483 492 self-directed, 499 federal taxes, 477 combining with other SEP, 499 FICA taxes, 477 plans, 488 SIMPLE, 499 f nancial assessment, ERISA requirements, traditional, 499, 503–504 481–482 490–491 withdrawing from, 403(b) plan versus, 493 exit fees/surrender fees, 502–503, 537 fund managers, 480 489, 492 life insurance income, 305 FUTA taxes, 477 f xed accounts, 488 living within your means, hardship withdrawals, 401(k) plan versus, 493 535–537 484–485 403(b)(7) accounts, 488 longevity history, 306 as income, 305 non-ERISA requirements, long-term savings goals, investment objective, 480 491–492 316–317 local/municipal rollovers, 490 managing investments in, government taxes, 477 sub accounts, 488 531–533 lower taxable income, tax-deferred annuities, managing risks in, 533–535 476 487 maximizing returns, matching contributions, tax-sheltered annuities, 533–535 476 487 47_345467-bindex.indd 663 9/25/08 11:29:43 PM 9/25/08 11:29:43 PM 47_345467-bindex.indd 663

664 Managing Your Money All-in-One For Dummies retirement (continued) Home Keeper and Home Reuters Web site, 345–346 online planning Keeper for Purchase reverse liability, car basic description, 541 loans, 515 insurance, 408 calculator assistance, home value, 518 reverse mortgages 549–550 how it works, 510 advantages of, 511 f nancial assessment, infl ation and interest amount you can borrow, 542–543 rates, 521–522 519–520 401(k) plans, 551–552 lending limits, 518 appraisers, 518 how much to save, line of credit payment basic description, 509 547–549 option, 521 combination payment IRAs, 552–554 loan values, 518 option, 521 pension plans, 544 lump sum payment counselors for, 516 resources, 544 option, 520 deferred payment loan, saving for retirement, misconceptions, 511–512 510 551–555 NRMLA, 517 effect of funds on small business and self- originators, 517 f nances, 521 employment, 554–555 tenure payment option, Good Faith Estimate, 517 Social Security benef ts, 520 Home Keeper and Home 545–546 term payment option, Keeper for Purchase what if scenarios, 520 loans, 515 550–551 what is isn’t, 512–513 home value, 518 part-time work income, 305 savings programs, how it works, 510 pension plans, 305 313–316 infl ation and interest predictable income SEPP (substantially equal rates, 521–522 generation, 537–540 periodic payments) lending limits, 518 principal, 523 withdrawals, 525 line of credit payment required minimum Social Security income, option, 521 distribution, 524 303–304 loan values, 518 required withdrawals, Target Maturity Funds, lump sum payment 527–528 533 option, 520 reverse mortgages taxable savings, 305 misconceptions, 511–512 advantages of, 511 tax-deferred income, 224 NRMLA, 517 amount you can borrow, taxes, 529–530 originators, 517 519–520 when to access, 303–306 tenure payment option, appraisers, 518 when to retire 520 basic description, 509 considerations, term payment option, combination payment 302, 306 520 option, 521 retirement income account what is isn’t, 512–513 counselors for, 516 (RIA), 492 reverse split, 284 deferred payment loan, Retirement Planner Web revocable trusts, 617 510 site, 555 revolving credit, 200 effect of funds on Retirement Planning for RIA (Registered Investment f nances, 521 the Golden Years Web Advisor), 575 Good Faith Estimate, 517 site, 543 RIA (retirement income HECM (home equity Retiring Well Web site, 543 account), 492 conversion mortgage), returned check/NSF fees, Risk Grades Web site, 346 514 377 9/25/08 11:29:43 PM 47_345467-bindex.indd 664 9/25/08 11:29:43 PM 47_345467-bindex.indd 664

665 risks systematically, 273 self-employment Index 665 investment while in debt, 278–279 health insurance, 170 balance risk and saving accounts retirement plans, 554–555 expectations against HSA (Health Savings seller f nancing, 125 future monetary needs, Account), 160–161 selling to soon/too late 275 online banking, 371 investment mistake, general knowledge of, savings 298 275 categorizing, 42 selling your home identifying the cost, earmarking pieces of pre-foreclosure sale 275–276 income for, 274 arrangement, 150 literature, reading taxable, 305 short sale, 149–150 carefully, 276 scams, 352 seniors. See aging parent retirement accounts, school accident insurance, care 533–535 170 SEP IRAs, 499 roadside service coverage, Sclar, Deanna (Buying a Car SEPP (substantially equal 416 For Dummies), 115 periodic payments), Robin, Vicky (Your Scottrade broker, 295 525–526 Money or Your Life: scratch-and-dent shopping, setbacks, setting f nancial Transforming Your 121 goals, 36–37 Relationship with Money SEC (Securities and 72(t) withdrawals, 525 and Achieving Financial Exchange Commission), share price, 284 Independence), 39 295 shareholders, 282 rollovers second jobs, as bankruptcy short sale, foreclosures, 401(k) plans, 480 alternative, 259 149–150 403(b) plans, 490 second mortgages, as short-term health insurance IRAs, 506 bankruptcy alternative, coverage, 165–166 Roth IRAs 259 short-term solutions, to characteristics, 505 secondary market, bonds, foreclosure, 147–148 def ned, 499 287 shredder use, identity theft, tax-sheltered growth, 505 Section 529 (Qualif ed 355–356 Web site, 553 Tuition Program), 321 signature clause, wills, 588 sector funds, 292 SIMPLE IRAs, 499 • S • secured credit, 200, 204 simple wills, 581–582 secured debt simultaneous death SaveWealth Web site, 615 prioritizing, 53 statutes, 603–604 saving. See also cost-cutting unsecured debt versus, 54 single limit coverage, car techniques Securities and Exchange insurance, 407 about this book, 4 Commission (SEC), 295 SIPC (Securities Choose to Save Web site, Securities Investor Investor Protection 547, 550 Protection Corporation Corporation), 341 investment education, (SIPC), 341 sites. See Web sites 274–276 security, about this book, Skeel, David A. Jr. (Debt’s paying yourself f rst, 4–5 Dominion: A History 273–274 self-approved wills, 589 of Bankruptcy Law in reducing debt before, 51 self-conf dence, positive America), 255 setting f nancial goals, attitudes, 36 small business retirement 30–31 self-directed IRAs, 499 plans, 554–555 47_345467-bindex.indd 665 9/25/08 11:29:43 PM 9/25/08 11:29:43 PM 47_345467-bindex.indd 665

666 Managing Your Money All-in-One For Dummies SmartMoney Web site, 186, on personal expenses, 68 do-it-yourself versus 340, 544, 552, 612 phone cost reduction, broker assistance, 293 social engineering, 353 69–70 dollar cost averaging, 286 Social Security on prescriptions, 70 fundamental analysis, 285 Administration Web on recreation, 67–68 futures, 285 site, 179, 367 ref nancing, 63 growth investing strategy, Social Security benef ts, renting, 63 286 online retirement on transportation, 66–67 IPO (initial public planning, 545–546 on utilities, 63–64 offering), 284 Social Security income, on utility bills, 63–64 listed exchanges, 283 303–304 spending languages, 181 market capitalization, 284 Social Security numbers, Spending Prof le Web site, market timing strategy, identity theft, 213, 367 179 286 special forbearance plan, split liability limits, car options, 284 148 insurance, 405–407 over-the-counter market Special Form causes-of-loss, split stock, 284 exchange, 283 390 spousal elective shares, P/E (price-to-earnings) spending 605–606 ratio, 284 categorizing, 268–269 spousal health insurance penny, 284 compulsive, 10 coverage, 167 preferred, 284 emotional, 10 square-footage method, publicani, 282 estimating, 42–43 homeowner’s share price, 284 f nancial assessment, insurance, 396 shareholders, 282 268–270 Standard & Poor’s Web site, split, 284 income comparison, 14–18 289–290, 538 technical analysis, 285 irresponsible, 191 standard deduction, 448 value investing strategy, monthly spending and state income taxes, 54 286 income comparison state taxes, 447–448, 477 yield, 284 worksheet, 46–49, 192 statute of limitations, stock certif cates, 282 spending habit bankruptcy, 263–264 stock funds, mutual funds, assessment, 19–20 stock. See also bonds; 291 standard percentage mutual funds stop orders, 343 guidelines, 52 appreciation, 282 stop-limit orders, 343 wasteful, 269–270 bear market, 285 student loans ways to spend less blue chip, 285 consolidating, 271 bargain shopping, 62 bull market, 285 dischargeable debt, 256 blog resources for, 73 buy and hold strategy, 285 prioritizing unsecured on clothing, 68–69 buy what you know debt, 55 coupon shopping, 65 strategy, 286 suability factor, car eating for less, 64–65 common, 283 insurance, 403–404 on housing, 62–63 concept and practices sub accounts, 403(b) plans, on insurance, 71–72 behind, 282 488 looking for good deals, dividends, 282, 284 subprime versus 62 DJIA (Dow Jones underbanked, 211 on medical expenses, Industrial Average), substantially equal periodic 70–71 285–286 payments (SEPP), overview, 61–62 525–526 9/25/08 11:29:43 PM 47_345467-bindex.indd 666 47_345467-bindex.indd 666 9/25/08 11:29:43 PM

667 Index suicide clause, life mistakes, avoiding, 450–451 term life insurance, 423 667 insurance, 422 past-due, 464–468 term payment option, suicide crisis hotline, 38 paying reverse mortgages, 520 summary plan description, in installments, 456–457 terms, mortgage, 124 ERISA requirements, less than ten-thousand testacy status, wills, 594 482 dollars, 457 testamonium clause, wills, SunTrust Web site, 371 more than ten-thousand 589 surplus, budget, 55–56 but less than twenty- theft, identity surrender fees/exit fees, f ve thousand dollars, accessing credit after, 489, 492 458 365–367 survey fee closing cost, 127 more than twenty-f ve accounts, closing and survival clause, wills, thousand dollars, 458 reopening, 366 603–604 penalties and interest, active-duty alert, 354 systematic saving, 273 454–455, 463 avoiding, 213–214 postpetition, 463 basic description of, 349 • T • prepetition interest, 463 collections calls, 358–359 prioritizing unsecured computer safety, 352 T. Rowe Price broker, debt, 54 credit bureau contacts, 294–295 resources, 469–470 361 tangible personal property, retirement account, credit cards, 357, 359 estate planning, 563 529–530 denied credit or account TAO (Taxpayer Assistance setting money aside for, access, 359 Order), 471 42 document storage, 355 Target Maturity Funds, 533 state, 447–448, 477 driver’s license numbers, TAS (Taxpayer Advocate Taxes For Dummies, 453 367 Service), 468, 471 Taxpayer Advocate Service early-warning alerts, tax anticipation loans, (TAS), 468, 471 357–358 58–59 Taxpayer Assistance Order extended alerts, 365 tax clause, wills, 585 (TAO), 471 FACT Act, 363–364 tax liens, 13 tax-sheltered annuities fraud alerts, 364–365 tax refund loans, 58 (TSAs), 487 freezing credit options, taxable savings, 305 TD Ameritrade broker, 356 tax-deferred annuities 294–295, 338–339 FTC involvement, 362 (TDAs), 487 TDAs (tax-deferred how to spot, 357–360 tax-deferred income, 224 annuities), 487 IFCC (Internet Fraud taxes technical analysis strategy, Complaint Center), 352 audits, 451–454 stock, 285 line blocking, 365 deductions, 448–450 TeleCheck Web site, 94 mail crimes, 353–355 essential expenses, 458 telephone bills, cost-cutting missing account federal, 445–446, 477 techniques, 272 statements, 360 FICA, 477 television and cable online transactions, taking f ling bankruptcy, 461–463 expenses, cost-cutting advantage of, 350 f ling electronically, 450 techniques, 110 password-protection, 353, FUTA, 477 temporary health insurance 366–367 levies, 467–468 coverage, 165–166 phishing scams, 351–352 liens, 465 tenure payment option, PINs, 366 local, 477 reverse mortgages, 520 47_345467-bindex.indd 667 9/25/08 11:29:43 PM 9/25/08 11:29:43 PM 47_345467-bindex.indd 667

668 Managing Your Money All-in-One For Dummies theft, identity (continued) bus riding, 117–118 TSAs (tax-sheltered police-reporting process, categorizing, 41 annuities), 487 362–363 cost-cutting ideas, 66–67, tuition. See college savings post off ce, notifying, 363 115–119 two-cycle average daily predicting, 358 public transportation, balance, 218 shredder use, 355–356 117–120 social engineering, 353 rental car bargains, • U • Social Security numbers, 118–119 367 standard percentage umbrella policy, 407 top known sources of, 353 guidelines, 52 unconditional discharge, unrecognized credit card subways, 118 255 charges, 359 trains, 118 underbanked versus victim’s statement, 361 TransUnion credit- subprime, 211 what to do/who to call, reporting company underinsured motorist 360–365 contact information, coverage, 408 thin f les 12, 83 underwriting, individual def ned, 88, 93 discussed, 11–12 versus group health divorce and, 212–213 Web site, 86 insurance coverage, immigrants new to trash costs, cost-cutting 156 country, 211–212 techniques, 108–109 unenrolled prepayers, tax rebuilding credit process, travel expenses. See resources, 469 212–213 transportation Uniform Probate Code underbanked versus expenses (UPC), 600 subprime, 211 travel medical insurance, uninsured motorist 30-year note, 223 171 coverage, 408 title insurance closing cost, traveler’s check fees, 377 universal default clauses, 127 treasury bonds, 288 140, 149 Tomorrow’s Money Web trust funds, college savings, universal life insurance, site, 183 323 427–428 total loss, 382 trustee, estate planning, UnivestDirect Web site, 378 trade executions, brokers, 564 unsecured credit, 200, 205 335 trustee-to-trustee transfer, unsecured debt trading demos, 344 401(k) plans, 480 prioritizing, 53 trading down, 271 trusts secured debt versus, 54 traditional IRAs charitable remainder, 624 when to prioritize, 54–55 def ned, 499 durable power of attorney UPC (Uniform Probate maximum allowable form, 618 Code), 600 annual contributions, funding the, 617 Upromise, 278 503 healthcare proxy, 619 U.S. stock funds, 292 transfer fee closing cost, irrevocable, 617 user prof les, online 127 living, 616, 636–637 accounts, 373–374 transferring balances, online estate planning, utilities 217–218 615–618 cost-cutting techniques, transportation expenses resources, 617–618 63–64, 106–107 airfare bargains, 118–119 revocable, 617 energy-saving programs, biking and walking, 118 wills comparison, 616 64, 272 9/25/08 11:29:43 PM 47_345467-bindex.indd 668 47_345467-bindex.indd 668 9/25/08 11:29:43 PM

669 free energy audits, 64 About.com Creditinfocenter, 179 Index 669 standard percentage budget worksheets, 181 Debtors Anonymous guidelines, 52 online retirement confronting reality of planning, 543, 550, f nancial situation, 10 • V • 552, 555 contact information, 38 Advisor, 552 emotional spending value investing strategy, AICCCA, 237 assessment, 10 stock, 286 Altamira, 187 as help option, 38 Vanguard broker, 294–295 Alzheimer’s Association, Deloitte, 626 VantageScore scoring f eld, 636 Duff & Phelps, 538 92–93 A.M. Best, 538 Employee Benef t variable annuities, 488 American Academy Research, 553 variable expenses, 15 of Estate Planning Equifax, 12, 86 variable life insurance, 429 Attorneys, 624 Estate Planning Law, 624 vested interest, estate American Bar Association, Everbank, 378 planning, 565 617 Experian, 12, 86 vesting, 480 American Funds, 549 eXtension, 626 victim’s statement, identity American Law Institute, Fairmark, 546 theft, 361 American Bar Family Care Givers Online, Virtual Stock Exchange Association, 619 619 Web site, 343 America’s Job Bank, 75 Fantasy Stock Market, 342 Annuity, 555 Federal Citizen • W • Argone Credit Union, 547 Fidelity, 612 Information, 613 Assets Protection Law Center, 618 Fidelity Investments, 181 Wachovia Securities Financial Network, 299 AXA Equitable, 547 Financial Engines, 311, 551 Wachovia, online banking, Bank of America, 374 Financial Planning 379 Bank of the Internet USA, Association, 575 waiver of premium, 422 378 Fiscal Agents, 179 Wall Street Journal career Bankrate, 179 FTC, 240 journal, 75 Budget Map, 44 Funeral Directory, Wall Street Journal Web CalculatorWeb, 187 615, 620 site, 179, 544, 552 Career Builder, 75 GainsKeeper, 345 WaMu (Washington CCH Financial Planning, Guide to Planned Giving, Mutual), 184, 375, 379 554 623 water damage, Charles Schwab, 612 HSBC, 184, 375 homeowner’s Charles Schwab Bank, 378 HUD, 145, 148 insurance, 390 Chase, 374 Imoney, 179 water heaters, cost-cutting Chex Systems, 94 ING Direct, 184–185, 378 techniques, 63 CHH Financial Planning, InsWeb, 179 water use, cost-cutting 619 Investopedia, 544, 550 techniques, 110–111 Choose to Save, 547, 550 InvestorGuide, 376 Web sites CNN Money 101, 186, 617 job search, 75 AARP, 546, 618, 636 CPA Directory, 550 Job-Hunt, 75 Craigslist, 76 Kiplinger, 183, 340, 550, 553, 613 47_345467-bindex.indd 669 9/25/08 11:29:43 PM 9/25/08 11:29:43 PM 47_345467-bindex.indd 669

670 Managing Your Money All-in-One For Dummies Web sites (continued) Tomorrow’s Money, 183 homestead exemption LegalMatch, 625 TransUnion, 12, 86 statutes, 607 Legalzoom, 614 UnivestDirect, 378 intestacy status, 595 Living to 100, 547 Virtual Stock Exchange, introductory clause, 585 Living Trusts on the Web, 343 joint, 581–583 618 Wall Street Journal, laws of intestate MainStreet, 179 179, 544 succession, 595 Medical Billing Advocates Wills FAQ, 615 mutual, 583 of America, 174 Yahoo! Finance, 179, 186, nuncupative, 583 Money Instructor, 555 547 omitted benef ciary, 609 Monster.com, 75 Zions First National Bank, online estate planning, Morningstar, 311, 345, 378 612–614 544, 554 whole life insurance, 427 opening clauses, 585 Motley Fool, 544, 554 wills partial intestacy status, mPower, 311 abatement statute, 595 MS Money, 179, 181 599–600 personal property Myf co, 179 about this book, 5 clauses, 587 MyVesta, 179 ademption statute, planning for, 580–581 National Mental Health 600–601 preprinted, 584 Association, 39 amending, 591–593 pretermitted benef ciary, net worth calculators, antilapse statute, 601–602 609 187 appointment clause, 588 real property clauses, 587 NFCC, 32, 41, 145, 237 augmented state, 606 residuary clause, 587–588 NOLO, 618, 623 basic description, 579 safeguarding, 590–591 Probate FAQ, 614 codicils, 593 self-approved, 589 Prudential, 626 common law, 605 signature clause, 588 Prudential Financial, community property simple, 581–582 543, 613 states, 604–605 simultaneous death Quicken, 181 contents, 584–585 statutes, 603–604 Raymond James, 183 contingent benef ciary, spousal elective shares, Retirement Planner, 555 601 605–606 Retirement Planning for dispositive clause, 589 statues, list of, 598 the Golden Years, 543 divorce clause, 602 status, 594–596 Retiring Well, 543 ending clauses, 588–589 survival clause, 603–604 Reuters, 345–346 exempt property award tax clause, 585 Risk Grades, 346 statutes, 608 tax exposure situation, Roth IRAs, 553 exordium clause, 589 580 SaveWealth, 615 family allowance statutes, testacy status, 594 Smart Money, 186, 340, 608–609 testamonium clauses, 589 544, 552, 612 family statement clause, trusts comparison, 616 Social Security 585 typewritten, 582 Administration, f duciary power clause, Wills FAQ Web site, 615 179, 367 588 window coverings, climate Spending Prof le, 179 giving clauses, 586–588 control, 102–103 Standard & Poor’s, 538 holographic, 583 worldwide coverage, 155 SunTrust, 371 homestead allowance TeleCheck, 94 statutes, 607 9/25/08 11:29:44 PM 47_345467-bindex.indd 670 9/25/08 11:29:44 PM 47_345467-bindex.indd 670

671 • Y • Your Money or Your Life: • Z • Index 671 Transforming Your Relationship with zero-coupon bonds, 288 Yahoo! Finance Web site, Zions First National Bank 179, 186, 547 Money and Achieving Web site, 378 yields Financial Independence bonds, 287 (Dominquez and stock, 284 Robin), 39 47_345467-bindex.indd 671 9/25/08 11:29:44 PM 9/25/08 11:29:44 PM 47_345467-bindex.indd 671

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BUSINESS, CAREERS & PERSONAL FINANCE Accounting For Dummies, 4th Edition* 978-0-470-24600-9 978-0-7645-6798-8 978-0-470-19087-6 Job Interviews For Dummies, 3rd Edition* † Small Business Kit For Dummies, Bookkeeping Workbook For Dummies † 2nd Edition* † 978-0-470-16983-4 E-Mail Marketing For Dummies Six Sigma For Dummies 978-0-470-17748-8 Commodities For Dummies Personal Finance Workbook For Dummies* † 978-0-7645-5984-6 978-0-470-04928-0 978-0-470-09933-9 Telephone Sales For Dummies 978-0-470-16836-3 Doing Business in China For Dummies Real Estate License Exams For Dummies 978-0-470-04929-7 978-0-7645-7623-2 BUSINESS PRODUCTIVITY & MICROSOFT OFFICE Access 2007 For Dummies PowerPoint 2007 For Dummies Quicken 2008 For Dummies 978-0-470-03649-5 978-0-470-04059-1 978-0-470-17473-9 Excel 2007 For Dummies Project 2007 For Dummies Salesforce.com For Dummies, 978-0-470-03737-9 978-0-470-03651-8 2nd Edition 978-0-470-04893-1 Office 2007 For Dummies QuickBooks 2008 For Dummies 978-0-470-00923-9 978-0-470-18470-7 Word 2007 For Dummies Outlook 2007 For Dummies 978-0-470-03658-7 978-0-470-03830-7 EDUCATION, HISTORY, REFERENCE & TEST PREPARATION African American History For Dummies ASVAB For Dummies, 2nd Edition Geometry Workbook For Dummies 978-0-7645-5469-8 978-0-470-10671-6 978-0-471-79940-5 Algebra For Dummies British Military History For Dummies The SAT I For Dummies, 6th Edition 978-0-7645-5325-7 978-0-470-03213-8 978-0-7645-7193-0 Algebra Workbook For Dummies Calculus For Dummies Series 7 Exam For Dummies 978-0-7645-8467-1 978-0-7645-2498-1 978-0-470-09932-2 Art History For Dummies Canadian History For Dummies, 2nd Edition World History For Dummies 978-0-470-09910-0 978-0-470-83656-9 978-0-7645-5242-7 FOOD, GARDEN, HOBBIES & HOME Bridge For Dummies, 2nd Edition Drawing For Dummies Knitting Patterns For Dummies 978-0-471-92426-5 978-0-7645-5476-6 978-0-470-04556-5 Coin Collecting For Dummies, 2nd Edition Etiquette For Dummies, 2nd Edition Living Gluten-Free For Dummies † 978-0-470-22275-1 978-0-470-10672-3 978-0-471-77383-2 Cooking Basics For Dummies, 3rd Edition Gardening Basics For Dummies* † Painting Do-It-Yourself For Dummies 978-0-7645-7206-7 978-0-470-03749-2 978-0-470-17533-0 HEALTH, SELF HELP, PARENTING & PETS Anger Management For Dummies Horseback Riding For Dummies Puppies For Dummies, 2nd Edition 978-0-470-03715-7 978-0-470-09719-9 978-0-470-03717-1 Anxiety & Depression Workbook Infertility For Dummies † Thyroid For Dummies, 2nd Edition † For Dummies 978-0-470-11518-3 978-0-471-78755-6 978-0-7645-9793-0 Meditation For Dummies with CD-ROM, Type 1 Diabetes For Dummies* † Dieting For Dummies, 2nd Edition 2nd Edition 978-0-470-17811-9 978-0-7645-4149-0 978-0-471-77774-8 Dog Training For Dummies, 2nd Edition Post-Traumatic Stress Disorder For Dummies 978-0-7645-8418-3 978-0-470-04922-8 * Separate Canadian edition also available † Separate U.K. edition also available Available wherever books are sold. For more information or to order direct: U.S. customers visit www.dummies.com or call 1-877-762-2974. U.K. customers visit www.wileyeurope.com or call (0) 1243 843291. Canadian customers visit www.wiley.ca or call 1-800-567-4797. 9/25/08 11:30:44 PM 48_345467-badvert01.indd 675 9/25/08 11:30:44 PM 48_345467-badvert01.indd 675

INTERNET & DIGITAL MEDIA AdWords For Dummies For Dummies 978-0-470-17474-6 978-0-470-15252-2 978-0-7645-8438-1 Blogging For Dummies, 2nd Edition MySpace For Dummies eBay For Dummies, 5th Edition* 978-0-470-09529-4 978-0-470-23017-6 eBay Business All-in-One Desk Reference iPod & iTunes For Dummies, 5th Edition 978-0-470-04529-9 Digital Photography All-in-One Podcasting For Dummies Desk Reference For Dummies, 3rd Edition eBay Listings That Sell For Dummies 978-0-471-74898-4 978-0-470-03743-0 978-0-471-78912-3 Search Engine Optimization Digital Photography For Dummies, 5th Edition Facebook For Dummies For Dummies, 2nd Edition 978-0-7645-9802-9 978-0-470-26273-3 978-0-471-97998-2 Digital SLR Cameras & Photography The Internet For Dummies, 11th Edition Second Life For Dummies For Dummies, 2nd Edition 978-0-470-12174-0 978-0-470-18025-9 978-0-470-14927-0 Investing Online For Dummies, 5th Edition Starting an eBay Business For Dummies, 978-0-7645-8456-5 3rd Edition† 978-0-470-14924-9 GRAPHICS, DESIGN & WEB DEVELOPMENT Adobe Creative Suite 3 Design Premium Creating Web Pages For Dummies, Photoshop CS3 For Dummies All-in-One Desk Reference For Dummies 8th Edition 978-0-470-11193-2 978-0-470-11724-8 978-0-470-08030-6 Photoshop Elements 5 For Dummies Adobe Web Suite CS3 All-in-One Desk Dreamweaver CS3 For Dummies 978-0-470-09810-3 Reference For Dummies 978-0-470-11490-2 SolidWorks For Dummies 978-0-470-12099-6 Flash CS3 For Dummies 978-0-7645-9555-4 AutoCAD 2008 For Dummies 978-0-470-12100-9 Visio 2007 For Dummies 978-0-470-11650-0 Google SketchUp For Dummies 978-0-470-08983-5 Building a Web Site For Dummies, 978-0-470-13744-4 Web Design For Dummies, 2nd Edition 3rd Edition InDesign CS3 For Dummies 978-0-471-78117-2 978-0-470-14928-7 978-0-470-11865-8 Web Sites Do-It-Yourself For Dummies Creating Web Pages All-in-One Desk Photoshop CS3 All-in-One 978-0-470-16903-2 Reference For Dummies, 3rd Edition Desk Reference For Dummies 978-0-470-09629-1 Web Stores Do-It-Yourself For Dummies 978-0-470-11195-6 978-0-470-17443-2 LANGUAGES, RELIGION & SPIRITUALITY Arabic For Dummies Italian Verbs For Dummies Spanish For Dummies, Audio Set 978-0-471-77270-5 978-0-471-77389-4 978-0-470-09585-0 Chinese For Dummies, Audio Set Japanese For Dummies The Bible For Dummies 978-0-470-12766-7 978-0-7645-5429-2 978-0-7645-5296-0 French For Dummies Latin For Dummies Catholicism For Dummies 978-0-7645-5193-2 978-0-7645-5431-5 978-0-7645-5391-2 German For Dummies Portuguese For Dummies The Historical Jesus For Dummies 978-0-7645-5195-6 978-0-471-78738-9 978-0-470-16785-4 Hebrew For Dummies Russian For Dummies Islam For Dummies 978-0-7645-5489-6 978-0-471-78001-4 978-0-7645-5503-9 Ingles Para Dummies Spanish Phrases For Dummies Spirituality For Dummies, 978-0-7645-5427-8 978-0-7645-7204-3 2nd Edition 978-0-470-19142-2 Italian For Dummies, Audio Set Spanish For Dummies 978-0-470-09586-7 978-0-7645-5194-9 NETWORKING AND PROGRAMMING ASP.NET 3.5 For Dummies Java For Dummies, 4th Edition Networking For Dummies, 978-0-470-19592-5 978-0-470-08716-9 8th Edition C# 2008 For Dummies Microsoft SQL Server 2008 All-in-One 978-0-470-05620-2 ® ™ 978-0-470-19109-5 Desk Reference For Dummies SharePoint 2007 For Dummies 978-0-470-17954-3 978-0-470-09941-4 Hacking For Dummies, 2nd Edition 978-0-470-05235-8 Networking All-in-One Desk Reference Wireless Home Networking Home Networking For Dummies, 4th Edition For Dummies, 2nd Edition For Dummies, 2nd Edition 978-0-470-11806-1 978-0-7645-9939-2 978-0-471-74940-0 9/25/08 11:30:44 PM 48_345467-badvert01.indd 676 48_345467-badvert01.indd 676 9/25/08 11:30:44 PM

OPERATING SYSTEMS & COMPUTER BASICS iMac For Dummies, 5th Edition Desk Reference For Dummies 978-0-470-05433-8 978-0-7645-8458-9 978-0-471-74941-7 Laptops For Dummies, 2nd Edition Mac OS X Leopard For Dummies Windows Vista All-in-One Macs For Dummies, 9th Edition 978-0-470-05432-1 978-0-470-04849-8 Windows Vista For Dummies 978-0-471-75421-3 Linux For Dummies, 8th Edition PCs For Dummies, 11th Edition 978-0-470-11649-4 978-0-470-13728-4 Windows Vista Security For Dummies MacBook For Dummies Windows® Home Server For Dummies 978-0-470-11805-4 978-0-470-04859-7 978-0-470-18592-6 Mac OS X Leopard All-in-One Windows Server 2008 For Dummies Desk Reference For Dummies 978-0-470-18043-3 978-0-470-05434-5 , SPORTS, FITNESS & MUSIC Coaching Hockey For Dummies GarageBand For Dummies iPod & iTunes For Dummies, 978-0-470-83685-9 978-0-7645-7323-1 5th Edition Coaching Soccer For Dummies Golf For Dummies, 3rd Edition 978-0-470-17474-6 978-0-471-77381-8 978-0-471-76871-5 Music Theory For Dummies 978-0-7645-7838-0 Fitness For Dummies, 3rd Edition Guitar For Dummies, 2nd Edition 978-0-7645-7851-9 978-0-7645-9904-0 Stretching For Dummies 978-0-470-06741-3 Football For Dummies, 3rd Edition Home Recording For Musicians 978-0-470-12536-6 For Dummies, 2nd Edition 978-0-7645-8884-6 n Get smart @ dummies.com s ® • Find a full list of Dummies titles • Look into loads of FREE on-site articles • Sign up for FREE eTips e-mailed to you weekly • See what other products carry the Dummies name • Shop directly from the Dummies bookstore • Enter to win new prizes every month! * Separate Canadian edition also available † Separate U.K. edition also available Available wherever books are sold. For more information or to order direct: U.S. customers visit www.dummies.com or call 1-877-762-2974. U.K. customers visit www.wileyeurope.com or call (0) 1243 843291. Canadian customers visit www.wiley.ca or call 1-800-567-4797. 9/25/08 11:30:44 PM 48_345467-badvert01.indd 677 9/25/08 11:30:44 PM 48_345467-badvert01.indd 677

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