Synopses & Reviews
Financial security begins with a conversation . . .
And thats why Carrie Schwab-Pomerantz has teamed up with her father, internationally respected investing pioneer and bestselling author Charles R. Schwab, to produce this excellent family financial primer. This book will help investors succeed whether the stock market is going up or down, both in the present and in the long term. Throughout the book, the authors stress the importance of having regular and effective conversations about money—with a spouse or partner, young children and teenagers, and aging parents—and offer the perfect roadmap for starting and continuing those conversations, including:
• understanding the basics: stocks, bonds, and mutual funds
• building wealth over time, understanding your tolerance for risk, and developing and maintaining the right investment portfolio
• investing for your childrens future and for your secure retirement
• estate planning for you and your older parents
• preparing for lifes unexpected events
“A practical book for men and women, young and old ...Its smartly written, earnest without being preachy, and offers down-to-earth advice on how to forge productive conversations about money between spouses and partners, parents and children, and adult children and aging parents.”—Chicago Tribune
“Most families dont talk about money. Personal finance ranks with sex and drugs as one of the least-discussed topics and one fraught with emotional baggage....Bottom line: You have to fend for yourself when it comes to money, and the way to do that is to talk about it with parents, spouses, and children....We all have to take care of ourselves financially. This book is a good place to start.”—USA Today
Synopsis
It all begins with conversation, so in addition to providing a first-rate family financial primer, the authors offer advice about how to have the essential yet sometimes delicate conversations with one's spouse, parents, and children. Fundamental investing principles, building wealth, financial issues for couples and parents, retirement planning, estate planning, and preparing for the unexpected are all presented within the context of a family's unique financial goals and priorities.
Charles Schwab has been instrumental in opening up the world of investing to American investors. In It Pays to Talk, he and his daughter Carrie take the next important step in showing families how they can intelligently and respectfully discuss the issues that will help determine their financial futures.
About the Author
Carrie Schwab-Pomerantz is president of the Charles Schwab Corporation Foundation. She established and now spearheads Schwabs highly respected Womens Investing Network, an initiative designed to educate and inspire women investors across America. She lives with her husband, journalist Gary Pomerantz, and their three children in the San Francisco Bay area.
Charles R. Schwab is the founder, chairman, and co-CEO of the Charles Schwab Corporation, one of the nations largest financial services firms. He is the author of the bestselling Youre Fifty—Now What? and Charles Schwabs Guide to Financial Independence. He lives in the San Francisco Bay area with his wife, Helen.
From the Hardcover edition.