Errata
The errata list is a list of errors and their corrections that were found after the product was released. If the error was corrected in a later version or reprint the date of the correction will be displayed in the column titled "Date Corrected".
The following errata were submitted by our customers and approved as valid errors by the author or editor.
Color key: Serious technical mistake Minor technical mistake Language or formatting error Typo Question Note Update
Version | Location | Description | Submitted By | Date submitted | Date corrected |
---|---|---|---|---|---|
Printed | Page 2 4th paragraph |
"With the average inflation rate at 3.4%, the COL doubles in about 21 years [correct]. By the time a college graduate reaches 100, annual living expenses would cost three times as much" Note from the Author or Editor: |
Gloria Kohut | Aug 21, 2011 | Jul 19, 2013 |
Printed | Page 15 1st paragraph |
The correct URL for historic inflation rates is http://tinyurl.com/5m2snb. |
Peter McKie | May 10, 2010 | Jul 19, 2013 |
Printed | Page 25 2nd bullet piont |
Retirement ages: If you were born in 1937 or earlier, the age of full retirement is 65. If you were born between 1938 and 1960, full retirement gradually increases to age 67. If you were born in 1960 or later, full retirement is age 67. Note from the Author or Editor: |
Peter McKie | Jun 09, 2010 | Jul 19, 2013 |
Printed | Page 72 "Note" box at the bottom of page |
"the price of ETFs change" should read "the price of ETFs changes" or "the prices of ETFs change". Note from the Author or Editor: |
Anonymous | Feb 15, 2012 | Jul 19, 2013 |
Printed | Page 87 The last two paragraphs |
There is a reference to the image on p.88 and to 3-year, 5-year and 10-year values in the Trailing Total Returns section, but these values are not visible in the image on p.88. Note from the Author or Editor: |
Anonymous | Feb 15, 2012 | Jul 19, 2013 |
Printed | Page 90 "Gem in the Rough" |
"how mani investments" should read "how many investments". Note from the Author or Editor: |
Anonymous | Feb 15, 2012 | Jul 19, 2013 |
Printed | Page 92 The three bullet points at the top of page |
These bullet points refer to Class A, B and C shares. Nowhere in the book are these "Classes" defined. A beginner in personal investing would not know the meaning of these. Note from the Author or Editor: |
Anonymous | Feb 15, 2012 | Jul 19, 2013 |
Printed | Page 100 Second bullet point under "Managing Taxes" |
This bullet says that we should put bond funds in tax-advantaged accounts. However, the table in p.69 says that we should put them in taxable accounts. Note from the Author or Editor: |
Anonymous | Feb 15, 2012 | Jul 19, 2013 |
Printed | Page 109 2nd paragraph |
"On page 156 you learned that. . . " should read "On page 156 you will learn that. . . " since we are at page 109 and page 156 comes after page 109. Note from the Author or Editor: |
Anonymous | Feb 15, 2012 | Jul 19, 2013 |
Printed | Page 160 Sidebar: What's Your Risk Tolerance |
The URL for the Schwab site to test your risk tolerance is http://tiny.cc/k4xp7. |
Peter McKie | May 10, 2010 | Jul 19, 2013 |
Printed | Page 161 Last paragraph above the "Tip" box |
"If you own 10 stocks and one drops 50%, your portfolio loses only 5%" should read "If you invest in 10 stocks equally (i.e., each represents 10% of your overall portfolio) and one drops 50% while the other nine stay at their original prices, your portfolio loses only 5%". Note from the Author or Editor: |
Anonymous | Feb 15, 2012 | Jul 19, 2013 |
Printed | Page 190 table at the bottom of the page |
Values in both columns do not add up. The entire table is based on $1,250,000, yet the dollars only add up to $1,000,000. Also, the allocation % only adds up to 80%. Note from the Author or Editor: |
Susan Green | Aug 31, 2012 | Jul 19, 2013 |
Printed | Page 192 2nd paragraph |
For someone born in 1950, full retirement age is 66, not 65. Note from the Author or Editor: |
Peter McKie | Jun 09, 2010 | Jul 19, 2013 |