Customer Review

1 of 2 people found the following review helpful
5.0 out of 5 stars Retirement Plan Participants and Employers Should Take Note, January 28, 2012
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This review is from: Stop the Retirement Rip-off: How to Keep More of Your Money for Retirement (Paperback)
This extremely informative book can potentially help the typical retirement investor save hundreds of thousands of dollars over their lifetime. The primary focus is on employer sponsored 401K plans, with other savings options included. Most employees participate in these blindly, assuming that these plans work in their best interests. The author is a seasoned investment insider and his book conveys the real information in an enlightening, fact-filled and compelling context. You can learn how to save substantially more money for retirement without any additional out of pocket costs. Just read on the back cover about the author's credentials and you will realize that he can provide invaluable insight into this somewhat complex subject.
This book is a very entertaining read on a topic that most people would not understand until it is too late to change their retirement plan outcomes. The author, David Loeper, shares a wealth of knowledge and extensive industry experience that can potentially save investors a considerable loss of wealth building for retirement. He conveys his zeal for helping the everyday retirement investor reap increased benefits from a lifetime of effort and hard work.
Most people do not realize how excessive fractional costs by 401K plan sponsors (and other options) dip into their long term goals. This book explains many of the risks and rewards of retirement planning, and how you or your employer's choices can substantively impact your yearly income in the retirement years. The difference between an administrative fee of 1.65% vs 0.95% is astonishing. Several comparisons are illustrated to accentuate the lost opportunities. A few decimal points can cost you thousands per year in unrealized retirement income. You will learn that it is never too late to improve your potential wealth for retirement purposes.

This book is informative about excessive fees and potential conflicts of interest and provides actionable steps to help you motivate employers to fix the potential retirement sponge. I have participated in a defined benefit plan and 3 different 401K plans and never really realized how these plans calculated or substantiated their performance claims, which always seemed to be sub-par. This book helps to uncover the hidden realities and provide insight for the future. Great book for any level of retirement investor, from new hire to seasoned veteran. Highly recommended.
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