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The 401(K) Millionaire: How I Started with Nothing and Made a Million and You Can, Too [Kindle Edition]

Knute Iwaszko , Brian O'Connell
4.4 out of 5 stars  See all reviews (5 customer reviews)

Print List Price: $15.00
Kindle Price: $11.84
You Save: $3.16 (21%)
Sold by: Random House LLC

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Book Description

"If you, a regular Joe like me, are not a movie star or an overpaid professional baseball player or a lottery winner or a high-powered executive, what are your chances of becoming a millionaire? Better than you think--much better. And you don't have to strike oil to do it. The secret? It's not glamorous, but it is simple, and almost foolproof, because the math is in your favor. It's my story, and the story of others who are quietly amassing 401(k) fortunes--and the simple plan to make your story my story. "

A surefire plan for financial independence--through bull and bear markets.

Knute Iwaszko--by turns a chemist, a salesman, and an innkeeper--made a million dollars without robbing a bank, without an inheritance, and without a Silicon Valley startup. He made it in a reliable but thoroughly new-fashioned way: by maximizing the potential of his 401(k) plan--and now he's going to tell millions of people how they, too, can become millionaires. This book will thoroughly explain the ins and outs of how 401(k) plans work, including tax benefits, contribution requirements and limits, withdrawal limitations, and risk management--and then fully describes "Knute's Unbeatable, Unbreak-able Rules for Making It to a Million": a foolproof formula that gives readers a step-by-step regimen for maximizing the potential of their 401(k) plans.

With simple, accessible language and clear, detailed steps for financial success, The 401(k) Millionaire is required reading for anyone who wants to make the most of his or her money.

"If you follow my five simple rules for 401(k) investing, there's no doubt in my mind that you can end up a 401(k) millionaire, too. Allow me to demonstrate how it's done . . ."

401(k) millionaire Knute Iwaszko's practical, surefire plan for financial success includes such topics as:

How I Became a 401(k) Millionaire

The 401(k): Your Personal Money Machine

The Perils of Procrastination

Maxing Out: More Money for You--and Less for Uncle Sam

Learning the Ropes: Your Inner Savvy Investor

Be Aggressive: Your Retirement Depends on It

Knute's Recipe for Success


From the Hardcover edition.


Editorial Reviews

Amazon.com Review

If you have access to a company-sponsored retirement plan but are virtually clueless about such things as dollar-cost averaging and asset allocation, The 401(k) Millionaire: How I Started with Nothing and Made a Million--And You Can, Too will provide the information required to begin preparing for your financial future. Written by "regular guy" Knute Iwaszko and business journalist Brian O'Connell, this very readable and quite informative primer outlines all of the basics needed for novice investors to start parlaying 401(k) programs offered by their employers into formidable sums by retirement time. Iwaszko--a former chemist, salesman, and innkeeper with no formal knowledge of the workings of Wall Street--constructed his own seven-figure portfolio by following five ironclad rules: start investing early, maximize your contributions, learn all you can, be as aggressive as possible, and never touch any of your money until retirement. By expanding upon this doctrine, and offering the essentials on various investment vehicles and strategies, he shows how practically anyone committed to the process can create a nest egg for his or her postemployment years, no matter when it was started or how much earned. "Anyone can do it and I'm living proof," he writes. --Howard Rothman

From the Inside Flap

"If you, a regular Joe like me, are not a movie star or an overpaid professional baseball player or a lottery winner or a high-powered executive, what are your chances of becoming a millionaire? Better than you think--much better. And you don't have to strike oil to do it. The secret? It's not glamorous, but it is simple, and almost foolproof, because the math is in your favor. It's my story, and the story of others who are quietly amassing 401(k) fortunes--and the simple plan to make your story my story. "

A surefire plan for financial independence--through bull and bear markets.
        
Knute Iwaszko--by turns a chemist, a salesman, and an innkeeper--made a million dollars without robbing a bank, without an inheritance, and without a Silicon Valley startup. He made it in a reliable but thoroughly new-fashioned way: by maximizing the potential of his 401(k) plan--and now he's going to tell millions of people how they, too, can become millionaires. This book will thoroughly explain the ins and outs of how 401(k) plans work, including tax benefits, contribution requirements and limits, withdrawal limitations, and risk management--and then fully describes "Knute's Unbeatable, Unbreak-able Rules for Making It to a Million": a foolproof formula that gives readers a step-by-step regimen for maximizing the potential of their 401(k) plans.
        
With simple, accessible language and clear, detailed steps for financial success, The 401(k) Millionaire is required reading for anyone who wants to make the most of his or her money.

"If you follow my five simple rules for 401(k) investing, there's no doubt in my mind that you can end up a 401(k) millionaire, too. Allow me to demonstrate how it's done . . ."

401(k) millionaire Knute Iwaszko's practical, surefire plan for financial success includes such topics as:

  How I Became a 401(k) Millionaire

  The 401(k): Your Personal Money Machine

  The Perils of Procrastination

  Maxing Out: More Money for You--and Less for Uncle Sam

  Learning the Ropes: Your Inner Savvy Investor

  Be Aggressive: Your Retirement Depends on It

  Knute's Recipe for Success


From the Hardcover edition.

Product Details

  • File Size: 6214 KB
  • Print Length: 249 pages
  • Publisher: Villard (May 4, 2009)
  • Sold by: Random House LLC
  • Language: English
  • ASIN: B0028MBKQ6
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Not Enabled
  • Lending: Not Enabled
  • Amazon Best Sellers Rank: #1,253,554 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

4.4 out of 5 stars
(5)
4.4 out of 5 stars
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Most Helpful Customer Reviews
8 of 10 people found the following review helpful
4.0 out of 5 stars A great inspiration to get started now with your 401(k). December 17, 1998
By A Customer
Format:Hardcover
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.
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2 of 2 people found the following review helpful
4.0 out of 5 stars Enjoyable and compact April 19, 2001
Format:Hardcover
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.
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3 of 4 people found the following review helpful
5.0 out of 5 stars Just Great! January 30, 1999
By A Customer
Format:Hardcover
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!
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1 of 1 people found the following review helpful
5.0 out of 5 stars Outstanding May 23, 2012
By Piglet
Format:Kindle Edition
This was the very first book I bought on my Kindle and it was just excellent. In my career as a financial pro I give the same advice as what this book advises. It was as if the book read my mind. Very highly recommended!
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1 of 1 people found the following review helpful
4.0 out of 5 stars Changing my ways in 1999! January 2, 1999
By A Customer
Format:Hardcover
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.
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