The detailed guide to avoiding the pitfalls of retirement funding
Saving for retirement is never easy, but in today′s volatile economic climate it′s moredifficult than ever. Whether you know it or not, if you′re investing in a 401(k) plan, you and your fellow investors are being defrauded to the tune of billions of dollars in fees every year. While both plan sponsors and employers are legally bound to look out for you best interests, the fact is that you′re on your own. Investment management expert David Loeper is here to help, and this second edition of his bestselling Stop the Retirement Rip–off is designed to give you the knowledge and tools you need to take control of your retirement future.
Fully updated to address the all–new challenges of retiring in the twenty–first century, the book provides a road map that will help you navigate the fees and costs associated with retirement plans, in order to get the most out of them. In addition, the book outlines the steps for bringing a case to the Department of Labor if your employer continues to disregard your rights to a bountiful retirement. Written in a straightforward and accessible style, Stop the Retirement Rip–off is filled with sensible strategies for making the most of retirement funds and putting your retirement plan back on the right financial track.
The book also goes one step further, with a discussion of how to make the most of your money,and your life, after fixing your retirement savings plans. Addressing the most up–to–date distribution rules and regulations on IRAs and other pension plans, this new edition is the only book you need to prepare for the retirement you deserve.
Introduction Make the Most of Your Life! 1
Chapter 1 Why Fees Matter The Coming "Retirement Plan Sticker Shock" 11
Chapter 2 Types of Expenses Dragging Down Your Retirement Funds 25
Chapter 3 The Price to Your Lifestyle of Needless Expenses 39
Chapter 4 Complaining Without Sounding Like a Complainer 55
Chapter 5 Rallying Your Troops Just One Coworker Can Help 63
Chapter 6 What Happens If My Employer Ignores Us? 69
Chapter 7 Now That My Retirement Plan Is Fixed, How Can I Make the Most of My Life? 79
Chapter 8 Resources, Investment Selection, Asset Allocation, Tools, and Advice 91
Chapter 9 How Much is That Guarantee in the Window? 121
Chapter 10 Hidden Expenses in Government Union and Some 403(b) Plans 131
Chapter 11 Summary 137
Appendix A Lifestyle Prices of Excessive Retirement Plan Expenses 139
Appendix B ABC Plan–401(k) Plan Fee Disclosure Form 205
About the Author 217