The Best Little Book on IRA or 401(k) Investing, Period! is designed to be read in an hour and give you a detailed plan of exactly which mutual fund investments you should own.
High speed computers and investment firms are shaving off a ton of MY money out of my 401K without having it appear as if they are doing it.
Allen’s Coffee Can Investing is a well written easily understood critique of most 401k employer sponsored investment plans.
If you are one of the millions whose retirement dollars are in a 401k plan, it is a must read.
It is not lengthy so can be quickly digested and is written so that even someone who isn’t a financial expert can understand.
Terry Allen makes a bullet proof case that almost all the standard group think about retirement planning originates from Wall Street, to the benefit of Wall Street, and is almost certainly wrong.
” “This entertaining and easy-to-understand book made me feel a lot more empowered about investing for retirement.
As a woman, that bothered me because women too often rely on men for financial decisions and I didn’t want to fall into that trap/stereotype.
I now feel like I can make basic sense of the retirement options out there – and I know which ones are probably good for me and which ones are really bad news.
“The author contends that people are getting short-changed in their 401(k) and IRA mutual fund investments, and for the most part, are unaware of how much is being skimmed off.
It is a sad fact that most 401k and IRA mutual fund choices are best for Wall Street but just awful for people saving for their retirement years.
Here is what reviewers have said about this book:“Quick read.
I am changing the entire way that I work with my 401K plan based on these findings.
This is critical as it is aimed at the average person with a 401K.
More important than benefiting Wall Street, the common retirement planning themes and tactics actually work against your ability to retire.
I’ve always left investing up to our financial planner because I found the myriad of options and jargon incredibly confusing and was scared to make a mistake.
Reading “Coffee Can Investing” really changed things for me.
I think it’s going to help me avoid a lot of mistakes.
Here are some of the questions you will have answered:Which mutual funds involve the least hidden costs from high-frequency trading?How much should you be contributing to your 401(k) plan (41% of participants are currently contributing more than they should be)?Which kind of IRA should you have? (Only 2% of all IRA investments are in Roth IRAs in spite of the clear advantages.
)What should you do with your 401(k) when you change jobs or retire?Why target-date funds are great for Wall Street but detrimental to you (there has not been one five-year period this century when target-date funds have outperformed the market).
What are the specific simple steps you need to make when choosing 401(k) or IRA investments (and then totally forget about making changes)?This book is a summary of the key points in another investment book by the same author – Coffee Can Investing: A Better Idea Than Mutual Funds in an IRA or 401(k).
The book includes a checklist of specific steps to take to maximize your 401k and IRA after-tax investment returns, how to minimize losses from high frequency trading, how to choose the best mutual funds (and which ones to avoid), as well as suggestions on how you can contribute less to your 401k and end up with more in your pocket in the long run.
Examples from plan sponsors provide on-the-ground insight while suggestions from DC consultants add expert perspective.
For the vast majority of workers, DC plans have replaced traditional defined benefit pension plans as the primary source of employer-provided retirement income.
and globallyDC plans are the most rapidly growing retirement market in the world, yet sources of consolidated structural and analytical guidance are lacking.
Views from ERISA expert counsel provide additional understanding—along with input from academic thought leaders.
plan design, author perspectives from countries including Australia, the United Kingdom and Canada provide relevant and helpful viewpoints for both new and experienced plan fiduciaries.
This book provides comprehensive guidance to help you construct a plan to help workers to retire with confidence.
Successful Defined Contribution Investment Design fills the gap with a comprehensive handbook that covers the bases to help you develop an objective-aligned defined contribution plan.
Start-to-finish guidance toward building and implementing a robust DC planSuccessful Defined Contribution Investment Design offers a comprehensive guidebook for fiduciaries tasked with structuring and implementing a 401(k) or other defined contribution (DC) pension plan.
More than a collection of the usual piecemeal information, this book seeks to offer a complete, contemporary framework for plan design, together with tested methodologies and analytic techniques to help streamline plan monitoring, management and improve participant outcomes.
Finally, investment evaluation and analysis is joined with participant savings and asset allocation data to look prospectively at potential outcomes, and case studies illustrate real-world implementation of objective-aligned asset allocation such as custom target-date strategies.
Adopt a framework for DC evaluation and structureLearn new methodologies for investment choice evaluationUse the innovative PIMCO Retirement Income Cost Estimate—or PRICE—to help quantify the amount of money a worker needs to create and stay on track to building a real income stream in retirementExamine methodologies used at major companies in the U.
The greatest waste in the world is the difference between what we are and what we could become.
But going through the TDF door takes courage & commitment because it comes with fiduciary responsibility.
The book covers target date funds of all types: custom, mutual funds, collective trusts, etc.
Ben Herbster, Author At $1 trillion and growing, target date funds are huge, and the DOL has opened the door for advisers to profit.
” There are other opportunities for advisers, but custom TDFs are the most lucrative, providing fees to advisers of 10-50 basis points.
That’s why we wrote the Target Date Fund Handbook to help pension consultants and plan sponsors.
Specifically the Department of Labor tips for target date fund fiduciaries counsel “a custom TDF may offer advantages to your plan participants by giving you the ability to incorporate the plan’s core funds in a TDF.
This timely book provides you with in-depthanswers from the nation’s most qualified and experienced experts topressing questions about DC plan design.
The ultimate guidebook for navigating the new world of pensionsand retirement plans In the wake of the explosive growth of defined contribution (DC)plans invested with target date strategies, and the understandingof how important these strategies can be in effectively meetingretirement income goals, plan sponsors are seeking more optimaltarget date approaches.
Presents the views of individuals from all across themarketIncludes a broad range of plan sponsors both in the corporateworld and in the public/government sectorsOffers views from consultants and advisors from the mostrespected firms, academics who teach at leading universities, andother innovative leadersWith a broad range of knowledge and insight, DesigningSuccessful Target Date Strategies in Defined Contribution Planshelps you understand the evolution of DC plans, pulls together allangles of what it takes to develop custom target date strategies,and provides you with a look ahead to the future.
Phase I of the rollout went live in Lucas, Butler, Scioto, Adams, and Lawrence counties in October 2012, with established health homes in the five counties enrolling 15,000 individuals.
On August 14, 2013, the Ohio Department of Medicaid (ODM) and the Ohio Department of Mental Health and Addiction Services (MHAS) announced that they again delayed the rollout of Medicaid health homes for individuals with serious and persistent mental illness and emotional disorders; no new rollout date was announced.
Phases II and III were to be implemented in the remaining 83 Ohio counties on October 1, 2013; however, the health home services rules for the program have been placed under “to be refiled” status, which allows the state more time to make revisions to the rule packages.