Customer Reviews

A Commonsense Guide to Your 401, K

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More than 22 million Americans have 401(k) plans worth an astounding $750 billion. Chances are, most employees who sign up for this great perk do little more than read an occasional article on the subject. But big bucks -- and 22 million nest eggs -- are on the line. So if you're lucky enough to be eligible for a 401(k), you owe it to yourself to read this objective guide. In a series of easy- to-digest steps, personal finance writer Mary Rowland lays out -- including sample portfolios, reducing taxes, monitoring plan expenses, taking a loan, or making a withdrawal.

Ms. Rowland does a great job answering just about every question imaginable when it comes to dealing with your 401K plan. There is advice for getting started,switching jobs, planning beneficiaries, actually retiring, taking loans out against your 401k...everything. The book is written in a series of 2 page articles she lists as "steps" so if you want to skip around you can. While a little of the material is dated as a result of the recent tax changes, it is mostly in regards to amounts an individual is able to contribute. I felt I was fairly knowledgeable on this topic before I started reading but I found it pretty interesting and worth the time.

This is an excellent book about 401(k) plan. I found 99% of my questions answered in that book. The book is well-organized, and the author did a good job in presenting the pros and cons of 401(k)plan. The only thing I recommend to the author is elaborating more about the 401K status for non-residnts, and how can they get their money out of this plan in case they decided to leave the country.

This book is excellent! She explains, in-depth and in easy to understand language, exactly what a 401(k) plan is and how to use it to plan for retirement. Her book clearly explains the role of the 401(k) in retirement.

This short book covered more than I thought it would, a must read if you are considering a 401k plan or are ready to retire.

I have gained much from this small yet fact filled book and feel much more secure about the future.