AARP Getting Started in Rebuilding Your 401(k) Account

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John Wiley & Sons, Dec 19, 2011 - Business & Economics - 368 pages
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While a majority of workers have money invested in their 401(k) plans-and are relying on these funds for retirement-few truly understand how to manage and maintain these accounts, especially during the recent economic downturn. In 2008 alone, most 401(k) holdings declined by twenty percent. These losses, compounded by plan changes, have only led to more confusion.

The Second Edition of Getting Started in Rebuilding Your 401(k) Account offers up-to-date answers to frequently asked questions regarding these accounts and contains simple strategies for improving 401(k) returns-including moving money out of company stock, rolling over plans when leaving an employer, and moving some holdings to FDIC insured banks.

  • Explains the basics of 401(k) plans from what they are to how they work
  • Discusses new rules in the 401 (k) arena, from automatic enrollment to how plans can be taxed
  • Includes information on setting financial goals and choosing the investments that are right for you

401(k) plans have become a significant source of retirement funds for many. Learn how to make the most of them with the Second Edition of Getting Started in Rebuilding Your 401(k) Account.

 

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Contents

Their Payoff Makes Them Increasingly Popular
Growing Money withYour401k Plan
401k Investing for the Rest of You
Making It Easy to Understand
A Closer Look at Those Three Key Advantages
More Ways a 401k Plan Can Help You
Give Your Money Time to Grow
Making Up for Lost Time
Pieces of the Puzzle
Getting By on Less
Plan Ahead
Follow This Blueprint
Cutting Back Spending More Lets Count the Ways
Filling In the Blanks
Taking the Next Step
How Much You Need to Contribute

How It Makes Your Money Grow Faster
Your Advantage Grows Over Time
A Company Match
Put It All Together
Automatic Payroll Deduction
Government Limits
Your Plans Limits
Choosing Your Own Investments
FineTuning Your Agenda
More Features of Your Plan
Roth 401k Account Contributions
Learning About Your Options
Basics about Borrowing
Advantages of Borrowing
Disadvantages of Borrowing
What Is the Most You Can Borrow?
Watch Out for No 1
Uncle Sams Game Plan
More Red Tape
Tax Fallout
Compared to Borrowing from Your Account
Biggest Disadvantage
When You Can Join
How Soon Is the Money Yours?
You Can Take It with You
AfterTax Contributions
Default Options
Whos Who
Your Best Sources of Information
Information Blind Spot
Bottom Line
IRA Rollover
Installment Payouts
Taking Your Money in a Lump Sum
TenYear Forward Averaging
Leave Your Money in Your Company Plan
Payouts Whenever You Want
Back to Basics
Taxes and Penalty
Distributions
Odds and Ends
Income Requirements
EarlyWithdrawal Penalties
Payouts after Age 70
Retirement Savings Work Sheet
Understanding Inflation
The Race against Inflation
Coping with Inflation
Be Aggressive Unless
Risk and Reward
The Difference between Risk and Fear
Time Is Money
How Funds Are Categorized
Dont Be Seduced by Nearsighted Best Of Lists
Look for a Winning Category
Aim for LongTerm Growth Not ShortTerm Fireworks
Think LongTerm
Choose One
BuyandHold
Asset Allocation
Choosing Your Investment Goals
Time Horizon
Growth Is Job No 1
Types of Growth Funds
Types of Income Funds
FixedIncome Funds
Growth Fund Heavy Hitters
Cutting to the Chase
Look for Endurance
TargetDate Funds
TargetRisk Funds
Look before You Leap
How to Check Out a Fund
Expenses
How Many Funds Are Enough?
When to Sell a Fund
Beware of Scams
Annual Checkup
Coping with Cutbacks
Plan Ahead
Boosting the Odds of Reaching Your Goal
More Bang for Each Buck
Precautions against a Pink Slip
Newspapers and Web Sites
Magazines
Specialty Research Sources
Selected Information Sources
Copyright

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