The New Commonsense Guide to Your 401(k): Rebuilding Your Portfolio from the Bottom Up [NOOK Book]

Overview

Despite a tumultuous economy, 401(k) accounts are still the best way to invest for retirement because of their tax benefits, ease of use, and many other advantages. In The New Commonsense Guide to Your 401(k), experienced financial journalist Mary Rowland breaks down how these complex accounts work, why they're still a smart investment, and how to keep an eye out for hidden fees. She also explains why the time to start reinvesting in your retirement and rebuilding your portfolio...

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The New Commonsense Guide to Your 401(k): Rebuilding Your Portfolio from the Bottom Up

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Overview

Despite a tumultuous economy, 401(k) accounts are still the best way to invest for retirement because of their tax benefits, ease of use, and many other advantages. In The New Commonsense Guide to Your 401(k), experienced financial journalist Mary Rowland breaks down how these complex accounts work, why they're still a smart investment, and how to keep an eye out for hidden fees. She also explains why the time to start reinvesting in your retirement and rebuilding your portfolio is now.

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Product Details

  • ISBN-13: 9780470885420
  • Publisher: Wiley
  • Publication date: 6/3/2010
  • Series: Bloomberg , #15
  • Sold by: Barnes & Noble
  • Format: eBook
  • Edition number: 2
  • Pages: 224
  • File size: 977 KB

Meet the Author

Mary Rowland has been a journalist for thirty years, a half dozen of them as a weekly columnist for the Sunday New York Times. She also wrote a regular column for Bloomberg Wealth Manager, a magazine for financial advisers, for seven years. Her articles and essays have appeared in Fortune, Business Week, USA Today, Ladies' Home Journal, Family Circle, Woman's Day, and many other publications.

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Table of Contents

Introduction 1

Part 1 The New Retirement Landscape 21

What Happened? 23

1 Not Your Father's Gold Watch 28

2 "Management" Is Not a Career Choice 30

3 Dip a Toe In 32

4 Calculate Retirement Needs 34

5 How to Fill the Gaps 36

6 Will You Get a Pension? 38

7 Will You Get Anything from Social Security? 40

8 Check Earnings and Benefits 42

9 The Rule of 72 44

10 Start Early 46

11 Why Choose the 401(k) Plan? 48

12 What about Roth? 50

13 Contribute, Contribute 52

14 Protecting Your Income 54

Part 2 401(k) Plan Basics 57

Planning for die Future 59

1 The Three Main Players 64

2 What Your Employer Wants 66

3 What the Government Wants 68

4 How to Use This Stuff 70

5 The Limit 72

6 What Is Vesting? 74

7 Qualifying Rules 76

8 Hardship Withdrawal 78

9 Information about Your Plan 80

10 Is My Plan Safe? 82

Part 3 How to Get In and Get Out 85

Contributing to Your 401(k) Account 87

1 Where to Get Help 90

2 The Match Makes the Magic 92

3 Automatic Enrollment 94

4 Taking Loans 96

5 Beneficiary Designations 98

6 If the Plan Fails the Test 100

7 After-Tax Contributions 102

8 Supplemental Plans 104

9 Getting Out Early 106

10 Changing Jobs 108

11 Coordinating with Your Spouse 110

Part 4 Investing 113

Saving for Retirement 115

1 What I Did 116

2 Expert One 118

3 Expert Two 120

4 Expert Three 122

5 Behavioral Finance 124

6 Taking Risk 126

7 What Risk? 128

8 What Do You Have to Lose/Gain? 130

9 Risk Basics 132

10 Correlation 134

11 More Tools 136

12 Diversify 138

13 Why Stocks? 140

14 Index Funds 142

15 Active Funds 144

16 Investment Style 146

17 Bonds 148

18 International Investing 150

19 MoneyMarkets 152

20 Investing in Gold 154

21 Dollar-Cost Averaging (DCA) 156

22 Mutual Funds 158

23 Exchange-Traded Funds (ETFs) 160

24 Target-Date Funds 162

25 Expenses 164

26 Get the Prospectus 166

27 Rebalance 168

28 What Not to Buy 170

Part 5 Preparing for Change 173

The Next Step 175

1 Get Real 178

2 Thinking about Tomorrow 180

3 Pay Off Debt 182

4 Your Mortgage 184

5 Paperwork Matters 186

6 How to Organize It 188

7 What's Your Net Worth? 190

8 Your Financial Statement 192

9 Your Portfolio 194

10 What to Do with Stocks 196

11 Delay Social Security 198

12 Plan for Healthcare 200

Part 6 Steps to Take in Retirement 203

Once More with Confidence 205

1 Lump Sums 206

2 Leaving the Money Where It Is 208

3 Convert to Roth? 210

4 Required Distributions 212

5 Longevity Risk 214

Part 7 Retirement Plans by Other Names 217

401(k) Plan Alternatives 219

1 403(b) Plans 220

2 ERISA or No? 222

3 403(b) Plan Reform 224

Resources 227

Index 231

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