From a preeminent personal-finance columnist and author, a complete look at the 401(k): why we have it, where it came from, how to get the most out of it, and how to use it as the basis for a growing portfolio that will help you reach your retirement goals. What`s at stake for employers? What`s the government`s agenda? Compare your plan to a benchmark, check out the 25 biggest 401(k) managers. Things to think about as you consider your plan: contribution limits, loan provisions, the lag between contribution and investment. Understand the implications of “handbacks” of your contribution, “top-hat” limits, and 401(k) money “invested” in excess plans. The book provides the specific steps needed in order to put Mary Rowland`s suggestions to work. Includes SEP IRAs for the self-employed and 403(b)7s for clergy and employees of nonprofit organizations.
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Rowland is a contributing editor to Bloomberg Personal Finance and is one of the most respected authors in the field of personal finance.
A Commonsense Guide to Your 401(k) shows you how to measure services and fund performance, assess a comfortable level of personal risk, scrutinize expenses, and make sense of fees and tax consequences. With it you can increase the potential of your 401(k) and achieve the rewarding retirement you′ve been working for.
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