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CITATION

Chambers, Larry and Ziesenheim, Ken. Protect Your 401(k). McGraw-Hill, 2002.

Protect Your 401(k)

Authors: Larry Chambers and Ken Ziesenheim

Published:  June 2002

eISBN: 9780071416085 0071416080 | ISBN: 9780071407120
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  • Copyright
  • Contents
  • Preface
  • INTRODUCTION AMERICANS' NEW MOST VALUABLE ASSET!
  • What About All the Recent Bad Publicity?
  • So, Why Even Bother With a 401(k)?
  • Learn 10 Steps to Take Immediately
  • Why Should You Read This Book?
  • CHAPTER 1 PAY YOURSELF FIRST
  • Pay Yourself First
  • Sweat the Small Stuff!
  • The Budget
  • When You “Find” More Money, Invest It!
  • CHAPTER 2 NCREASE YOUR CONTRIBUTIONS
  • Eligibility (Who Can Invest?)
  • Elective Contributions of Pre-Tax Dollars
  • Exponential Growth Through Compounding
  • A Savings Regimen (or Dollar Cost Averaging)
  • Dollar Cost Averaging
  • After-Tax Contributions
  • Retirement Plan Contribution Options
  • Sources of Contributions
  • Not Just for Retirement
  • Using Both a 401(k)and an IRA Makes Sense
  • CHAPTER 3 TAKE FULL ADVANTAGE OF MATCHING CONTRIBUTIONS
  • Read Your Plan’s Fine Print
  • Company Stock and Your Job
  • CHAPTER 4 KNOW HOW YOUR PLAN WORKS
  • A Definition
  • The 401(k) Plan’s Fiduciaries
  • Definitions
  • The Process
  • Valuation
  • Liquidation
  • Legal Protection
  • Checks and Balances
  • How can you tell if your company has a good 401(k) plan?
  • Warning Signs
  • CHAPTER 5 BECOME AN INFORMED INVESTOR
  • How Aggressive Do You Need to Be?
  • What Is a Reasonable Growth Rate of Return?
  • Luck Does Play into Investing
  • CHAPTER 6 USE THE SIX CONCEPTS OF SUCCESSFUL INVESTING
  • Concept One —Why Diversify?
  • Concept Two —The Art of Asset Allocation
  • Concept Three —Asset Class Investing
  • Concept Four —Rebalancing
  • What Happens if You Rebalance Using Different Techniques?
  • Let It Ride
  • Back to the Start
  • Tolerance
  • Robin Hood
  • Reverse Robin Hood
  • How to Use These Results to Add Value
  • Concept Five —The Power of Compounding
  • Concept Six —The Perspective of Time
  • How Do You Know if Your Performance Is Good?
  • Concepts That Are Least Effective
  • Individual Stock Picking
  • Timing the Stock Market
  • Informed Investing
  • CHAPTER 7 UNDERSTAND YOUR INVESTMENT VEHICLE CHOICES
  • Bundled vs.Unbundled Providers
  • How Do You Compare?
  • How Mutual Funds Work
  • Active Management vs.Index Funds
  • Types of Mutual Funds
  • Equity Funds
  • Bond Funds
  • Growth
  • Value
  • International Equities
  • Balanced Funds
  • Fixed-Income Funds
  • Money Market Funds
  • Understanding the Prospectus
  • Other Things You Should Know
  • How to Read Newspaper Mutual Fund Tables
  • The Rating Game
  • CHAPTER 8 BUILD A CORE INVESTMENT PORTFOLIO
  • Building the Portfolio
  • CHAPTER 9 KNOW WHERE TO GET HELP
  • Online Aids
  • 401(k) Calculator
  • Investment Company Institute
  • Profit Sharing/401(k) Council of America
  • Consulting an Advisor
  • The Financial Advisor Community
  • Financial Planners
  • Full-Service Brokers
  • Discount Brokers
  • Bank Investment Representatives
  • Investment Management Consultants
  • Independent Fee-Only Financial Advisors
  • How Do Advisors Get Paid?
  • CHAPTER 10 KNOW HOW TO GET YOUR MONEY OUT SAFELY
  • The Distribution Rules
  • Lump-Sum Distributions
  • Tax-Free Rollovers
  • Annuities
  • Minimum Distributions
  • Section 72(t) Distributions
  • Leave Your Money in the Plan
  • Loans
  • Repayment
  • Withdrawing from Your Retirement Plan
  • Hardship Withdrawals
  • Safe Harbor Tests Set Forth in the IRS Regulations
  • Additional Caveats
  • Age-Restricted Withdrawals
  • Withdrawals of After-Tax Contributions
  • Qualified Domestic Relations Order
  • Free Information
  • CONCLUSION PULLING IT ALL TOGETHER
  • APPENDIX A THE WORKING DOCUMENT: YOUR INVESTMENT POLICY STATEMENT
  • There Are Seven Steps to Establishing an Investment Policy
  • APPENDIX B THE HISTORY OF 401(k) PLANS
  • Enter the ERISA
  • Problems with Pension Funds
  • Professional Money Managers
  • Differentiating Investment Styles
  • The Era of Personal Responsibility —40l(k)
  • Fidelity
  • The Bull Market and Risk
  • What About Our “Social Security”?
  • It’s All Up to You
  • APPENDIX C GLOSSARY OF TERMS
  • INDEX
  • ABOUT THE AUTHORS