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Solin Daniel R. - The smartest 401 (k) book youll ever read: maximize your retirement savings-- the smart way!: (smartest 403 (b) and 457 (b), too!)

Here you can read online Solin Daniel R. - The smartest 401 (k) book youll ever read: maximize your retirement savings-- the smart way!: (smartest 403 (b) and 457 (b), too!) full text of the book (entire story) in english for free. Download pdf and epub, get meaning, cover and reviews about this ebook. City: Solon;Ohio;United States, year: 2009, publisher: Penguin Group US;[Manufactured and distributed by] Findaway World, LLC, Playaway Digital Audio, genre: Business. Description of the work, (preface) as well as reviews are available. Best literature library LitArk.com created for fans of good reading and offers a wide selection of genres:

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    The smartest 401 (k) book youll ever read: maximize your retirement savings-- the smart way!: (smartest 403 (b) and 457 (b), too!)
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If you are one of the seventy million Americans counting on your 401(k) plan to usher you into a comfortable old age, youre likely to be bitterly disappointed. Rather than benefit the employee, 401(k) plans reward employers, brokers, investment advisors, fund managers, insurance companies, unions, and lobbyists. Relying on these plans makes it increasingly difficult to retire comfortably. In his straightforward, no-nonsense style, best-selling author Daniel R. Solin offers the new rules for investing for retirement. He shows readers how to quickly and simply determine their own needs, get control of their assets, avoid scams and sucker bets, discover untapped resources at retirement, and eventually get income out of tax-deferred plans--the smart way.

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Table of Contents A New York Times Bestseller A Business Week Bestseller - photo 1
Table of Contents

A New York Times Bestseller A Business Week Bestseller
[Solins] recommendations are sound and simple to put into effect... it is clear he is on to something.
The New York Times

This is the simple hands-on, how-to and why book many readers have been looking for. My advice: Take this book to the beach. Check out Mr. Solins blog. Leave the Wall Street prattle behind.
Scott Burns, syndicated columnist

A no-nonsense, no-fuss guide for investors of all experience levels and financial resources.
Kirkus

Solin does a great job of keeping his advice simple; his guide can be read and digested in a couple of hours.
Library Journal

Its tightly written, always on-point and not weighed down with anecdotes and aphorisms, and could be just the instruction book that you were looking for but never received with that thick pension package from your companys HR department.
The Miami Herald

This slim and easy-to-read explanation of the basics urges readers to do away with stockbrokers and other advisors and instead rely on low-cost index funds. Active managers, it argues, have a hard time beating the market.
Kiplinger Personal Finance at Kiplinger.com

Solin tells you what Wall Street wontthe winning strategy for them is the losing strategy for you. He provides simple, straightforward, but smart advice that will help you create a small fortune or prevent Wall Street from turning your large fortune into a small one.
Larry Swedroe, author of The Only Guide to a Winning Investment Strategy You Will Ever Need

For the busy, for the bewildered and for the burned, The Smartest Investment Book Youll Ever Read will provide the enlightenment and the gumption to free yourself from the clutches of the investment industry and the wisdom and direction necessary to get yourself back on track. Dan Solin has done it again with a little gem that belongs on every investors bookshelf.
William Bernstein, author of The Four Pillars of Investing

Every employee with a 401(k) plan should be following the advice in Dan Solins book and every employer should insure that the 401(k) plans they offer permit employees to do so. I am giving this book to all of my clients and hope that they will distribute it to their employees.
Joseph Concheck, president of National Benefit Programs

In 90 minutes you will become smarter than 95 percent of those professional investment managers whove been profiting at your expense.
Mark T. Hebner, author of Index Funds: The 12-Step Program for Active Investors

As an attorney representing investors, Dan Solin brings a unique perspective to the obstacles individuals often confront in achieving rates of return that should be theirs for the taking. Anyone applying his simple but powerful message will enhance their chances of investment success.
Weston J. Wellington, vice president of Dimensional Fund Advisors
A SIMPLE PLAN THAT WORKS IN GOOD TIMES AND BAD Wise men profit more from - photo 2
A SIMPLE PLAN THAT WORKS IN GOOD TIMES AND BAD
Wise men profit more from fools than fools from wise men; for the wise men shun the mistakes of fools, but fools do not imitate the successes of the wise.
Cato the Elder (234-149 BC), from Plutarch, Lives

In this book I explain how more than $4 trillion has been invested by the most sophisticated money managers in the world. They arent calling up their brokers looking for the next hot stock or fund. In fact, they dont use any brokers at all. They dont engage in any market timing. They are unconcerned about short-term market gyrations. They have a very simple way to maximize their returns: They buy the global markets, using low-cost index funds.
I lay out how individual investors could follow the same strategy and fundamentally change the way they invest. This advice is as relevant today as it was when the book was first published in November, 2006.
At that time, the stock market was booming. Wall Street was enjoying record bonuses. The housing market made us all feel like there was no end in sight to the growth in equity in our homes.
Then came the crash of 2008. How the mighty have fallen!
Wall Street as we knew it has largely disappeared. Icons like Lehman Brothers and Bear Stearns are gone. Trillions of dollars of your money has been lost. Housing auctions, where eager buyers camped out to buy and flip, have been replaced by foreclosures. One school district in New York City reported that 20 percent of its students are homeless.
Huge endowments at Harvard, Yale and Stanford each lost more that 25 percent of their valuerepresenting billionslargely due to speculative alternative investments that were all the rage at the time.
Retirees and those planning for retirement have been the hardest hit. Theyve been forced to adjust to the new economic reality of less money to live on and the looming possibility of running out of money altogether.
Is it possible that the simple, easy-to-implement strategies in The Smartest Investment Book Youll Ever Read could have mitigated these losses?
Yes!
I advised readers not to rely on stock picking, market timing, stock brokers, or advisors. I described them as emperors with no clothes who fleeced investors by pretending to be able to time the markets and pick stocks and mutual funds. I set forth overwhelming evidence showing no one has these skills.
I told readers not to use these investment pros. Instead, I recommended that people take charge and implement a very different investment strategy:
Determine the correct asset allocation (the division of a portfolio between stocks and bonds);
Buy a globally diversified portfolio of three low-cost index funds directly from major fund families like Vanguard, Fidelity and T. Rowe Price;
Rebalance periodically to keep the asset allocation intact.
This advice was so easy that many were skeptical. What about the insights of brokers with their huge research departments? Many investors were incredulous. They could not believe doing research was a waste of time and irrelevant to maximizing their returns.
The securities industry criticized my advice as being for only novice investors, but not for those who had the time to do research or rely on others who could do it for them.
The evidence in my book (based on Nobel Prize-winning research) set forth the dismal record of active management. It was just too compelling.
As evidenced by the thousands of emails I received, it seems that an avalanche of investors dumped their brokers and adopted my investment strategy. Many expressed the view that they knew something was wrong with the system but they didnt believe there was any alternative.
When the markets tanked, the securities industry, which brought the world to the brink of a global depression, fought back. One financial expert proclaimed on CNBC that buying and holding isnt going to make you money anytime soon.
The head of investment strategy at a major firm announced the death of diversification: A diversified approach worked like a charm until October last year [2007] ... But diversification failed in 2008.
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