The Truth About Retirement Plans and Iras

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Includes index.
Why retirement plans exist- and the secret to making them work for you. How retirement plans came to be ; How retirement plans evolved from defining benefits to defining contributions ; Why you need to start saving now ; The cost of not participating right now in your retirement plan ; How to save for retirement when you think you can't afford it ; Free money! Get yours now! ; Will you participate by accident? -- Fundamental concepts you must understand before you invest. Understanding your investment options ; The importance of earning effective returns ; How emotions can unravel your investment strategy ; How media hype can sabotage your retirement ; Don't mix money and politics -- The best way to handle the money in your retirement plans and IRAs. The best way to invest the money you're depositing into your workplace retirement plan this month ; The best way to invest your employer's contributions ; The best way to invest the money that's already in the plan ; The best way to supplement your retirement plan savings: open an IRA ; The best way to handle accounts left with previous employers ; How to move 401(K) funds to an IRA while still employed ; The best way to destroy your retirement plan's savings ; How to handle a division of retirement assets in a divorce ; The best way to handle the RMD rules ; The best way to prepare yourself so you can generate income for life from your accounts in retirement ; The best way to invest your retirement accounts and IRAs during retirement so you can generate the income you want and need ; The best way to generate income from your retirement accounts and IRAs ; The best way to transfer your retirement accounts and IRAs to your heirs when you die ; Have you inherited a retirement account or IRA? -- 36 key take-aways -- Retirement Q&A.
"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"-- Provided by publisher.

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