Customer Reviews

401(k)s For Dummies

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Though a bit dated (2002/2003), it offers a good amount of information and detail on the 401(k) plan for the beginner. The authors build a good case and show by examples why investing for retirement is important and how starting early can make a lot of difference. It was a quick read even with a lot of financial terms explained and I believe I am wiser having read it.

I must admit, I'm pretty slow when it comes to finances. It's my first year as a post-college student and I can't imagine saving my money until 59. But, I like the ideas in this book and I think I will. It explains everything! If you're an expert or not, you can use this book. I like the idea that saving for a 401k will lower the taxes on your paycheck. I'm on that borderline where if I made a little less, they wouldn't take out so much. So, I want to start a 401k to lower that income a bit. This book will make a believer out of you. There is a chapter dedicated for every excuse you may have for not wanting one (and it's easy to read). I dare you to see if you're excuse is not in there. See if they don't have a section for your special case. Prove me wrong. You won't.

This is a great 'starter kit' for anyone. It's also a perfect primer for college graduates who are lucky, smart and connected enough to get a job. 401-K information isn't a college course unless one majors in finance, etc., so the average newly-employed should have a working knowledge of who is doing what with their money and how they can maximize their fund (for retirement or how to roll it over when they leave that job in 2 years for the next one....) Straigforward, well-organized and easy to use, the vocabulary and definitions are most helpful. Get this and any other financial 'For Dummies' by the same author(s) and you'll be ahead of the game.