Cracking Your Retirement Nest Egg (Without Scrambling Your Finances): 25 Things You Must Know Before You Tap Your 401(k), IRA, or Other Retirement Savings Plan
Author: Margaret A. Malaspina
List Price: $24.95
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ISBN: 1576601269
Publisher: Bloomberg Pr (January, 2003)
Sales Rank: 15,589
Average Customer Rating: 5 out of 5
Customer Reviews
Rating: 5 out of 5
Retirement advice you can actually understand
I stumbled across this book browsing in my local bookstore and I couldn't believe my eyes. It laid out everything you need to know to retire. It is extremely well-organized and well-written. I gave a copy to my financial advisor and told him I finally understood all the stuff he was trying to explain to me.
Rating: 5 out of 5
Enter the maze....
This has to be one of the most boring topics in the field of financial advice. The proliferation of retirement savings plans, the maze of regulations, exceptions, and judgement calls that have to be considered by the average retiree is almost numbing. It's boring in the abstract. But it gets your attention when it's your money and future in the balance. Bascially simple rules for accumulating retirement wealth and accessing it continue to evolve like a patchwork quilt. Malaspina is relentless in her efforts to cover the topic and we are the beneficiaries. Chapter 21 treats the issue of company stock held in a retirement plan and how it can receive tax advantaged treatment. Malaspina does an even-handed job of explaining the risks and discusses whether it makes sense to take advantage of this often overlooked opportunity. Information "For Women Only" and non-spousal partners (Chapters 22,23)is dealt with briefly, but it also very useful. One important retiree misconception that does not appear in this book: Many otherwise sophisticated investors facing annual required mandatory minimum withdrawals from their IRA's at 70 1/2 don't realize that assets do not always have to be sold to comply. Many investment assets can be moved 'as they are' into a non-IRA account at market value thus avoiding unnecessary sales charges and the loss of a worthy investment. Similar Products
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