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ISBN: 0-9727483-3-4
|
Every
Employee With A 401(k)
|
| Decide how much to save. |
| Understand what you need to know about stocks and bonds. |
| Allocate your savings based on your age and other factors. |
| Avoid financial mistakes that could leave you with too few dollars to retire. Increase your savings by rolling over your money to another 401(k) or IRA when you change jobs. |
| Determine when you should take a loan from the plan. |
| Minimize your taxes when you contribute to the plan and withdraw your money later. |
| Take advantage of special funds that are only offered in a 401(k) plans. |
| Evaluate the performance of your plan’s investment options. |
| Maximize the retirement benefits from your 401(k), IRA, and pension plans. |
| Navigate your plan’s rules and IRS 401(k) regulations. |
| Understand the brochures and materials your company provides. |
| Mark L. Schwanbeck is a consultant and author of personal finance books and articles. He works closely with investment management firms, 401(k) plan administrators, financial planners, and tax advisors to create corporate pension plans. His 1996 book, Your 401(k) Plan: How and Where to Invest, was one of the first books written for employees facing the challenges of investing in a 401(k) plan and saving for retirement. In his corporate career, he worked for a Fortune 200 media company where he managed a $2 billion pension plan. In 1984, he helped the company establish its first 401(k) plan and directed its investment strategy as the employee savings grew to $1 billion. |