A Commonsense Guide to Your 401(k)

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, TX