401(k)s For Dummies helps current 401(k) investors manage their accounts, minimize their investment risk, and maximize their returns with wise investment choices. It also helps people who are newly eligible to participate determine the right amount to contribute and choose a wise investment mix. The book covers the issue of investing in ones own companys stock in light of the recent Enron disaster. It talks about what to do with your 401(k) investments after you leave a company and when you retire and explains when its possible to take a hardship withdrawal from a 401(k) account, emphasizing that this option should be used as a last resort. The authors discuss investing in a 401(k) as part of an overall strategy for saving for retirement and include sample portfolios for various situations and stages of life. They give tips to companies looking to add a 401(k) plan or restructure an existing one. Finally, the book gives similar advice to government workers and teachers who have 403(b) or 457 plans rather than 401(k) plans.
Book Details:
- Author: Ted Benna
- ISBN: 9780764554681
- Year Published: 2003
- Pages: 288
- BISAC: BUS050040, BUSINESS & ECONOMICS/Personal Finance / Retirement Planning
About the Book and Topic:
401(k)s For Dummies helps current 401(k) investors manage their accounts, minimize their investment risk, and maximize their returns with wise investment choices. It also helps people who are newly eligible to participate determine the right amount to contribute and choose a wise investment mix. The book covers the issue of investing in ones own companys stock in light of the recent Enron disaster. It talks about what to do with your 401(k) investments after you leave a company and when you retire and explains when its possible to take a hardship withdrawal from a 401(k) account, emphasizing that this option should be used as a last resort. The authors discuss investing in a 401(k) as part of an overall strategy for saving for retirement and include sample portfolios for various situations and stages of life. They give tips to companies looking to add a 401(k) plan or restructure an existing one. Finally, the book gives similar advice to government workers and teachers who have 403(b) or 457 plans rather than 401(k) plans.
Assists employers large and small in finding the best plan for their employees. * Covers 403(b) plans and 457 plans.
About the Author
Ted Benna, creator of the first 401(k) plan, has more than 30 years of experience as an employee benefits consultant. Brenda Watson Newmann is Managing Editor at mPower.com, which provides investment advice for retirement and wealth management.