Protect Your 401(k) [Paperback]

Larry Chambers (Author), Ken Ziesenheim (Author)

Book Description

ISBN-10: 007140712X | ISBN-13: 978-0071407120 | Publication Date: June 14, 2002 | Edition: 1

A PAPERBACK ORIGINAL

Straightforward facts for all workers looking to protect their company 401(k) assets in a post­Enron world

From Enron on down, recent high-profile bankruptcies have awakened American workers to the vulnerability of their 401(k) plans and left millions wondering what they can do to protect themselves. Protect Your 401(k) hits this market with practical, accessible answers, explaining everything from what a 401(k) is to how to take full advantage of matching programs, assert control over investment policy, and more.

In-depth enough to guide readers from starting a plan through taking distributions, yet plain-talking enough to be understood by all workers regardless of their backgrounds, Protect Your 401(k) covers:

• Simple steps every worker should take first
• How 401(k) plans work
• Advanced strategies for really putting a plan to work
• Warning signs of a 401(k) provider in trouble
• How to get your money out safely

Editorial Reviews

From the Back Cover

The Essential Book for Anyone Who Has a 401(k)­­and Wants to Keep It!

If you are like millions of American workers, your work-related 401(k) has grown to become a major component of your overall financial future, second only to your home. Yet while you wouldn't consider leaving your house uninsured, have you left your 401(k) to fend for itself against Enron-type corporate disasters and other unforeseen events that could destroy its value­­and devastate your retirement security?

Protect Your 401(k) is the first book to provide you with specific, nuts-and-bolts steps you can take to protect your 401(k) as you maximize its growth. Packed with essential information and basic do's and don'ts for every American with a 401(k), this no-nonsense book features:

• 10 steps you should take immediately to safeguard your 401(k) assets
• 6 core investment concepts for dramatically improving the growth of your 401(k)
• Guidelines for implementing a strategy designed to protect you in both up and down markets

Because your 401(k) belongs to you, it is your responsibility to watch over it. Protect Your 401(k) provides you with practical, sensible strategies for taking care of your 401(k) today, so that it can take care of you tomorrow.

About the Author

Larry Chambers is one of today's most accomplished business and financial writers. His books include The First Time Investor, The First Time Investor's Workbook, and Secrets of the Wealth Makers.

Ken Ziesenheim is managing director of Thornburg Investment Company. An attorney with more than 20 years of experience in the financial services industry, Ziesenheim regularly writes for professional journals and is a popular speaker.

Product Details

• Paperback: 224 pages
• Publisher: McGraw-Hill; 1 edition (June 14, 2002)
• Language: English
• ISBN-10: 007140712X
• ISBN-13: 978-0071407120
• Product Dimensions: 8.5 x 5.5 x 0.5 inches
• Shipping Weight: 7.8 ounces (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #3,839,682 in Books (See Top 100 in Books)

More About the Author

Hi I'm Larry Chambers. Today I live in Ojai, California. I have two great and successful kids, Christin (27) is a singer, song writer and realty show producer and Logan (23) has a degree in Marine Biology UCSC and is a California State Beach Life Guard.

My first two books; Recondo and the First Time Investor pushed me in a new direction and launched a writing career that my teachers would have told me is impossible - once they stopped laughing. I was guy always distracted, inattentive, impatient, forgot his homework, and spelled words that looked more like turds.

But I beat the odds. I've written over 50 published books and hundreds and hundreds of magazine articles.

It wasn't until I was plopped down in the jungles of South Vietnam that I moved to 'the head of the class.' Distractibility, risk taking and impulsiveness were liabilities in school, became survival traits in combat. I would noticed things others overlooked, a blade of grass bent in the wrong direction or VC snot dripping from a tree leaf. Without being able to explain why, I'd knew when things were about to happen.

MILITARY BACKGROUND: served with F 58th Inf LRP and the originating L Co 75th Rangers 101st Abn ("Merrill's Marauders') company organized as the parent unit for the separate long-range reconnaissance patrol companies 1968-69.

AWARDS: Purple Heart, two Bronze Stars, two Air Medals; Combat Infantryman's Badge; Parachute Badge; Army Commendation Medal; National Defense Metal, Good Conduct Metal, Vietnam Cross of Gallantry, Vietnam Service and Vietnam Campaign Metal. Recondo Badge.

BACKGROUND: Corning High School, located in Northern Cal, where he played football, basketball, track and boxing. He spent the summers milking cows and delivering feed to neighboring ranches. Went to Shasta College during the summer worked in the Forest Service as a fire fighter. After Vietnam he moved to Utah and completed his Bachelors and Masters of Science degrees. A certified ski instructor he also taught skiing for the University of Utah. After graduation he became a stockbroker for EF Hutton & Co, started Hunter/Chambers Construction Company and Credibility Marketing a hi-bred marketing and writing service.

AFFILIATIONS: Vetrepreneur (magazine for military Veterans who own a business) Advisory board member for the Journal of Retirement Planning; Associate Editor for the Journal of Investing; Business and Economics columnist for the Honor Society of Phi Kappa Phi Forum; Contributing editor for Investment Advisor magazine; and Wealth Manager; contributing editor Financial Planning, On Wall Street, Registered Representative, and on the editorial advisory board at Pension World magazine.

Customer Reviews

Most Helpful Customer Reviews

3 of 4 people found the following review helpful:

5.0 out of 5 stars One of the best investment books of 2002, January 14, 2003

By 

Larry Chambers "Non stop writer" (Ojai, CA) - See all my reviews
(REAL NAME)   

This review is from: Protect Your 401(k) (Paperback)

January 6th 2002 Barron's chooses "Protect Your 401(k)"
one of "Best Investment Books of 2002"

With an eye toward investor safety in the wake of last year's corporate scandals the editors at Barron's have singled out "Protect Your 401(k)", by Larry Chambers and Ken Ziesenheim as one of the best books of the year for reducing portfolio risk and safeguarding investments.

"Investing is an art where gut calls and vague feelings can play a pivotal role", says Jay Palmer, editor of Barron's annual guide to books on investing. "But it's also a science of...numbers and...techniques that can be learned. This year we looked through more than 300 books and have chosen "The Ultimate Safe Money Guide", by Martin Weiss and "Protect Your 401(k) by Larry Chambers and Ken Ziesenheim. Both offer nuts-and-bolts advice on how to protect retirement money. Anyone nearing retirement should read one or both of these books."