Customer Reviews

The 401(k) Millionaire

5 star:		(1)
4 star:		(3)
3 star:		(0)
2 star:		(0)
1 star:		(0)

 

 

If you are looking at a quick, easy way to learn about 401(k) plans, then pick this up.

Knute Iwaszko does a good job of simply describing what it takes have a successful 401(k) plan. Through "Knutes Knotes" and good commentary, novices to retirement plans will benefit and enjoy. The moral of the book is save as early and as much as you can. As an added bonus, Knute demystifies some of those investing terms that many of us are afraid to ask about.

I wouldn't recommend this book for anyone who is knowledgable with 401(k) plans and investing. This book will just be filled with obvious common sense for them. I feel like I knew a decent amount, and still feel like I took a good deal of information out of it.

Your retirement just may depend upon it.

I write as a retired individual who started investing toward the end of my career. When I was young I was advised to save $20 a month, but to someone who was earning $27.50 a week it was not in the cards. Much later when my company came out with a plan to match up to 10% of my contribution I started saving. Unfortunately travel enticed me more and I routinely dipped into these funds. With all of this, I was still, in retrospect and un-knowingly, following his plan. It does work. Too bad for me, that I did not have sufficient discipline and was not satisfied with reading about "Far-away Places". All in all, everything worked out for the best. Give it a chance and you will be very pleased with the results. Way to go Knute!

Like a good diet or fitness book, The 401(k) Millionaire is a terrific inspiration to get started now, not just saving for retirement but working your money smart. Iwaszko makes it really hard to resist finally getting serious about your 401(k)--I guess because he's got a million good reasons why you should! In fact, excuse me, I need to go max out right now. The 401(k) "makeovers" in the book may be the best part about it. Totally worthwhile read.

I never saved much because I didn't believe my small savings could make any difference and I never knew what to do with my money. Read this book to learn why saving is key and time (and compound interest!) are your best friends. The book also suggests money allocation strategies as you get nearer to your goals.