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Comment: Used - Good: All pages and cover are intact. The dust jacket, if applicable, may be slightly to moderately worn. Spine may show signs of wear, but is straight and tight. Pages may include limited (10% or less) notes/highlighting, which DON'T obstruct the main text in any way. May be an ex-library book in nice shape. Overall, it's a very nice and clean book. Ships fast! Please leave feedback after purchase to let others know about your experience with us. Thanks!
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The Truth About Retirement Plans and IRAs Paperback – April 8, 2014

4.4 out of 5 stars 157 customer reviews

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Editorial Reviews

Review

“Earns high marks for clarity, simplicity, and its focus on educating and encouraging readers to be the masters of their retirement fates. What is commonly viewed as daunting subject matter is rendered much more accessible and digestible with the aid of a sage and talented writer. This book deserves the wide following it is sure to receive.” (Estate Planning)

About the Author

Ric Edelman, a New York Times bestselling author, has been providing financial advice to the public for more than twenty-five years and is a well-known, successful financial advisor. His television series, The Truth About Money with Ric Edelman, airs on Public Television stations across the country and his syndicated radio program can be heard from coast to coast. Ric’s bestselling books include The Truth About Money; Ordinary People, Extraordinary Wealth; and The New Rules of Money. His firm, Edelman Financial Services LLC, serves individuals and families across America. Visit Ric online at RicEdelman.com.
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Product Details

  • Paperback: 352 pages
  • Publisher: Simon & Schuster (April 8, 2014)
  • Language: English
  • ISBN-10: 1476739854
  • ISBN-13: 978-1476739854
  • Product Dimensions: 6 x 0.9 x 9 inches
  • Shipping Weight: 12.6 ounces (View shipping rates and policies)
  • Average Customer Review: 4.4 out of 5 stars  See all reviews (157 customer reviews)
  • Amazon Best Sellers Rank: #25,361 in Books (See Top 100 in Books)

Customer Reviews

Top Customer Reviews

By D. Wu on July 5, 2014
Format: Paperback
Ric Edelman is sly, self-conceited, opinionated, and self-promoting. This book is a good overview about retirement accounts, and the discussion about RMDs is pretty good. But he is wrong and inconsistent in many ways. He says you should put all your contributions into stock funds, but then he tells you to select a diversified portfolio appropriate to your needs and risk tolerance for the money already in your retirement account. If you have followed his advice about 100% stock allocation for all contribution, then the money in your account would be 100% stocks. And if you are to move some of the money already in your account into bonds, then why the trouble of buying stocks for new contribution, then once the money is in, sell some stocks and buy bonds? This only creates excess trading activities that may be frowned upon by many 401k administrators.

Ric is also wrong in his advice for federal employees to transfer their TSPs into IRAs once they have left their employment. He cites the paucity of investment options as the basis for his recommendation. But even though the TSP has only five funds, it covers US large and small caps and international EAFE stocks, as well as all bonds and a unique G fund of government bonds that can never lose money and historically has kept up with inflation. The only viable investment option that TSP lacks is emerging market stocks, which arguably may be too risky and high cost for most investors. TSP charges only 0.029% expense ratio, which is significant lower than any other mutual fund or ETF. For the amount of diversification and low fees, the TSP is unbeatable. Investors with TSPs will do themselves a huge disservice by following Ric's advice.

Lastly, he frequently promotes his services throughout the book and often omits important details on the excuse that it is beyond the scope of the book or, his most common response, "it depends", and points the reader to call his firm instead.
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Format: Paperback
As a Certified Financial Planner (CFP), I am impressed with Ric's success in the business, but not generally with his advice. All individuals have unique financial planning goals which cannot be completely addressed by any book. It is not honest to say that only Ric has the "truth" about any financial topic - but people title things to sell books.

Ric has some very strong opinions about personal finances, but it is mistake to equate strong opinions with correct opinions. As we all know in the business, we don't know it all. No one does. I have more financial credentials than Ric (although not the honorary doctorate given to him by his college for a substantial gift) but I still don't know everything about personal finance.

He does have an entertaining way of writing which is easy to read. There is some good information about retirement planning, but also some strong opinions about the right thing for everyone to do. This is the problem. Any true Certified Financial Planner will tell you that there is not a right way for everyone. That is left to shock jocks, not planners.

Enjoy the book if you choose to buy it, but don't believe that it has all of your retirement answers. It doesn't.
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Format: Paperback Verified Purchase
This book covers all major aspects of investing for retirement and supporting yourself during retirement from those investments. It is easy reading and completely intimidation-free. Ric Edelman writes the way he talks. I think most readers will enjoy the book and find it helpful, as I did. A major strength of the book, along with its writing style, is the clear reasoning he uses to explain his recommendations, and the thoroughness of his explanations. The only criticism I would make is that occasionally he makes an overt sales pitch for his financial planning company, something I think should be kept to the blurbs in the back of the book.
This is a very helpful, understandable guide to financial planning for retirement, useful to those just starting to save as well as those in retirement.
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I just finished reading this and was very pleased with it. The book explains things in laymen terms that are easy for us non full time investors to understand. I am looking forward to ordering more of Ric's books to learn about money and investing.
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Format: Kindle Edition Verified Purchase
I am a fairly knowledgeable investor and I thought I understood the aspects of 401K and IRA. However, I learned many knew truths that I either had forgotten or never knew. It was a very easy read as all of his previous books have been.
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This is a well written book with good explanation of IRA, 401(k), and similar accounts. I would like to have seen information about how to plan when and how to sign up for social security in relation to withdrawal strategies from the accounts discussed, and the tax strategies involved in making this choice.
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Buy this book now because when you read it you're going to say: "I wish I had started earlier" or "I wish I'd have known this earlier."

Ric's advice is sound and has proven the test of time. This is a must read pre-retirement and post-retirement.
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I just love Ric Edelman's books! I have them all, and yes! I do listen to his radio show! I have purchased each of my son's Ric's book "The Truth About Money" as a gift. All of his books are basic, easy to read, common sense information. I would love to tell you I have a million in the assests due to following his information, however, I sometimes just can't get out of my own way! Let me just say that I had adjusted my investments according to info I gathered from my Edelman "Reads" just prior to the horrible market "adjustment" a few years ago and it saved me thousands in my 401K and other investments. While I did lose a little $, it was not nearly as bad as it would have been if I had stayed positioned like I was! I have suggested Ric Edlemans books to all my friends and coworkers. Even if you have a financial manager, education is a powerful thing! Be informed, or be a victim!
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