Commonsense Guide to Your 401 (k) (Bloomberg Personal Bookshelf S.) - Hardcover

From a preeminent personal-finance columnist and author, a complete look at the 401(k): why we have it, where it came from, how to get the most out of it, and how to use it as the basis for a growing portfolio that will help you reach your retirement goals. What`s at stake for employers? What`s the government`s agenda? Compare your plan to a benchmark, check out the 25 biggest 401(k) managers. Things to think about as you consider your plan: contribution limits, loan provisions, the lag between contribution and investment. Understand the implications of “handbacks” of your contribution, “top-hat” limits, and 401(k) money “invested” in excess plans. The book provides the specific steps needed in order to put Mary Rowland`s suggestions to work. Includes SEP IRAs for the self-employed and 403(b)7s for clergy and employees of nonprofit organizations.