From the #1 independent financial advisor in America, ranked three times by Barron’s: a guide to making the most of your retirement plans and assuring long-term financial security.Everyone knows that saving for your retirement is important. Yet only half of all eligible Americans contribute to a retirement plan. That’s because all plans—including the 401(k), 403(b),
From the #1 independent financial advisor in America, ranked three times by Barron’s: a guide to making the most of your retirement plans and assuring long-term financial security.
Everyone knows that saving for your retirement is important. Yet only half of all eligible Americans contribute to a retirement plan. That’s because all plans—including the 401(k), 403(b), 457, and even the IRA—are complicated, confusing, and costly. New York Times bestselling author and acclaimed financial advisor Ric Edelman has counseled thousands of savers and retirees and has accumulated his advice in this book.
Edelman has created a step-by-step guide. With illuminating prose and simple explanations, he shares everything you need to know as a plan participant: how to contribute even when you think you can’t afford to, how to make wise choices among your investment options, and how to convert your 401(k) into income so you can provide yourself with the lifestyle you want in retirement. Along the way, he debunks the myths and clears up the confusion.
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It depends…. Is this a good book? The answer is that it depends. If you are a retirement savings novice, then this book is a good starting point. If you have read the commonly available information and done some of your own research, then this book will not add that much value.I am a big fan of “The Truth About Money”, read it about 10 years ago and gained a lot of confidence in how to manage money. I don’t have the same feelings for this book.A couple of specific issues:* Edelman…
got me to invest for my retirement I love this book because it actually got me to understand retirement planning and get off my butt to do something about it. I’m a smart person but financial planning is very intimidating to me for some reason. This book is very easy to read and has good examples. There are some good general concepts and of course recommends getting a financial advisor for the details. He recommends his own company but doesn’t make it sound like the end all be all.I think it is very much recommended…
Great read for beginners Very interesting book, I just started investing recently as I am a first year out of college. Reading this book really opened my eyes to how important investing in your future really is. I suggest reading this book if you need to learn about how to invest, however, I dont think this would be much help to someone who is already aware of what type of investments are available to him/her. In short, this is a book to learn about what you can do with your money, not how to invest it.