A Commonsense Guide to Your 401(K) (Bloomberg Personal Bookshelf)
- Book Review,
by Mary Rowland
From Library Journal
Presently, over 22 million Americans have 401(k) plans, worth an astounding $750 billion, and listeners lucky enough to participate in the plan owe it to themselves to follow the sound advice in this objective guide to this particular approach to retirement planning. Columnist and author Rowland (The New Commonsense Guide to Mutual Funds, Bloomberg, 1998) outlines how and why 401(k)s have become the most important retirement-planning vehicle for most Americans, and in a professional, prescriptive style, she narrates the steps to follow in using them to prepare retirement goals. Since research reveals that few enrolled in this perk are experts on the way the plan works, Rowland lays out in terms understandable by all how it helps to reduce taxes and how one can monitor hidden expenses, take loans, and make withdrawals. The idea here is to understand how to use 401(k)s to get where you want to be in the future. Highly recommended, along with the print version, for all public libraries.Dale Farris, Groves, TXCopyright 1999 Reed Business Information, Inc.
From AudioFile
The Bloomberg brand is well known in the world of professional financial information. Thus, it is well positioned to help consumers make better choices. Apparently, this mandate was lost on the producers of this books and audio versions. The handsome packaging disguises some basic flaws. Several of the titles are only partially indicative of what's inside.Far more space and time are devoted to general personal finance issues than the titles would suggest. Although Mary Rowland is known as a journalist, writing is not one of her strong points. Nor is reading aloud. Her voice is grating. Her delivery is irritatingly singsong. The combination of poor writing and reading does not meet professional standards no matter how accurate the information might be. M.P. (c)AudioFile, Portland, Maine
Laura Tarbox, CFP, Tarbox Equity
If you are ready to take control of your financial destiny, you would be well advised to read this book.
Don Phillips, President, Morningstar Mutual Funds
A wonderful primer that guides even novice investors toward becoming more confident 401(k) investors. Everyone with access to a 401(k) account should read this book.
Book Description
In an accessible, step-by-step format, Mary Rowland explains how to get the most out of a 401(k) and use it as the basis of a lifetime of financial planning.
Book Info
Presents in a step by step format, how to get the most out of your 401(k) plan & use it as the basis for a lifetime of prudent financial planning. Describes how 401(k)s work, the mechanics of getting in & out of them, & how to evaluate a plan. DLC: 401(k) plans.
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