Stop the 401(k) Rip-off!: Eliminate Costly Hidden Fees to Improve Your Life

Stop the 401(k) Rip-off!: Eliminate Costly Hidden Fees to Improve Your Life | David B. Loeper | Rip off is right on!

books:

Stop the 401(k) Ri...

	Stop the 401(k) Rip-off!: Eliminate Costly Hidden Fees to Improve Your Life David B. Loeper Bridgeway Books, 2007 - 197 pages average customer review:based on 21 reviews view larger image
	for more information click here

highly recommended

Want to retire a millionaire?

Most people I talk to would like to be millionaires by the time they retire. That means that investment in retirement accounts or general brokerage accounts should be increased by a couple thousand dollars a year and maintain a decent return. The percentage of return is the main factor in attaining that million-dollar status (especially when the interest starts to overtake the voluntary contributions as the main annual investment). What Loeper shows in fascinating detail in Stop the 401(k) Rip-off is that the companies (insurance companies) that sell the 401(k) plans to employers take a sizable chunk of the return--often before you even see your statement (which may have additional fees shown).

The total damage is scary and may force you to immediately reconsider your retirement planning. After fund expense ratios, administration fees, wrap fees, M&E charges, and countless other fees that make retirement account statements start to look like cell phone statements, the total return may be 4% off of what your money has really made. In other words, a 401(k) plan makes almost as much money for the insurance companies as the employee.

Loeper utilizes multiple charts and examples to make his point that the 401(k) program is a rip-off and we should stop using them. Everyone who invests heavily in these accounts should know what they're getting themselves into and read this book.

JSBM
Author, How to Take Advantage of the People Who Are Trying to Take Advantage of You: 50 Ways to Capitalize on the System

for more information click here

Rip off is right on!

An easy read with tremendous information. It's extremely hard to believe how much 401k plan providers are over-charging and not disclosing the fees to the participants. With millions of individual investors counting on 401k assets to support them in retirement, many will find the information in this book a very powerful weapon in hopefully changing their plan options and saving themselves thousands of dollars in the process. Read this book and then give it to your colleagues!

Easy to understand

This book is great for all investors. The book is easy to read and understand. If you think you are getting ripped off...you need to read this book! It is an eye opener! Very well thought out and to the point!

for more information click here

Eye opening

This book pulls back the curtain on the 401k industry. It is amazing given the millions of people participating in 401k's that there are so many conflicts of interest. Reading this book really opened my eyes to these issues. Anyone who participates in a 401k needs to read this book.

Must Read for 401(k) Participants!!!!

I highly recommend this easy to read book to anyone participating in a 401(k) plan. I didn't realize I was paying any fees until I read this book. Not only does it show you how to find the hidden fees, it hits home by showing you the huge impact these excess fees can have on your life. The author then gives an easy, step-by-step approach you can take to fix the problem.

for more information click here

reviews: 1, 2, 3, page 4, 5

products you might be interested in