Stop the 401(k) Rip-off!: Eliminate Costly Hidden Fees to Improve Your Life
by David B. Loeper
List Price:
Our Price: $4.92
You Save: $11.03 (69%)
Availability: Usually ships in 1-2 business days
Buy Used: from $2.79 (click here)
Category: Book
See more book details and other editions
Book Summary Information
Author: David B. LoeperEdition: Paperback
Audio: English (Original Language); English (Unknown); English (Published)
Published: 2007-10-15
ISBN: 1934454079
Number of pages: 197
Publisher: Bridgeway Books
Book Reviews of Stop the 401(k) Rip-off!: Eliminate Costly Hidden Fees to Improve Your Life
Book Review: Demand This Book From The HR Department
Summary: 5 Stars
What is the best way to "stop" the "rip-off?" One way is to find an alternative to the 401 itself. Perhaps "Stop the 401K rip-off" by David Loeper is garnering some deserved sales recently. Possibly because the financial markets are in a cyclical slump, and many Baby Boomer 401K holders are getting out their calculators. This book should lead some (not all) to question whether they should have the 401K plan at all to begin with. We know the tax benefits, but there are limitations of investment options, age restrictions, and hidden expenses (fees) that erode a worker's earnings over decades and limit allocation options.
The 401K is one piece among many investments in the retirement puzzle. This puzzle is shrinking, and retirement will be an illusion for tens of millions that will rely on the balance of the 401. Of course, the old adage of "diversification" is needed but some people are using other vehicles in their attempts attain critical mass or sufficient funds for living expenses in the latter years. And, what percentage of the 401K will be used for medical care? Pharmaceutical (medicine) costs? More than many think.
Yes, there is employer matching for some, but 401K plans are dishonest and limited. Some feel even more secure investing into the S & P 500 Index funds that are non-tax deferred.
The 401K plan has been intentionally engineered to steal from and cheat the worker. Congress has allowed this to happen. The lack of knowledge and ignorance has been engineered as well. The more ignorant workers with 401Ks are, the easier it is to profit via hidden fees.
Loeper tells us how to "stop the 401K rip-off." The gravy train of hidden expense theft is the foundation of the plan. The only way to stop the institutional and legally thievery is to stay in your plan and know *everything* about your plan, or to dump it and use alternatives. This is a good point with specifics.
2 key assets to this book. Exposing it and then advising on how to take actions. Loeper explains the "whats" of the 401 and also the "hows" of trying to reduce fees, fee disclosure, and offers points on getting in and out of these plans in the most optimum way. This book is necessary, but why should it be? Because of the systematic plan to separate as much of an American worker's money from him or her as possible.
"Stop the 401K rip-off" by David Loeper ought to be handed out by HR departments across the country when employees enroll in their 401K plans.
Business & Investing Books
Book Subjects
- Arts & Photography
- Audiobooks on Cassette
- Audiobooks on CD
- Biographies & Memoirs
- Business & Investing
- Children's Books
- Comics & Graphic Novels
- Computers & Internet
- Cooking, Food & Wine
- e-Books
- Engineering
- Entertainment
- Gay & Lesbian
- Health, Mind & Body
- History
- Home & Garden
- Horror
- Law
- Literature & Fiction
- Medicine
- Mystery & Thrillers
- Nonfiction
- Outdoors & Nature
- Parenting & Families
- Professional & Technical
- Reference
- Religion & Spirituality
- Romance
- Science
- Science Fiction & Fantasy
- Sports
- Teens
- Travel
Most talked about in Amazon's top-rated new books
The Complete Guide to Walt Disney World 2008 (Complete Guide to Walt Disney World)by Julie Neal, Mike Neal
Coconut Press; Published: 2007-12-15; Paperback; Book
Best price: $1.35
Price in other shops:
What It Isby Lynda Barry
Drawn and Quarterly; Published: 2008-05-13; Hardcover; Book
Best price: $15.32
Price in other shops:
YOU: The Owner's Manual, Updated and Expanded Edition: An Insider's Guide to the Body that Will Make You Healthier and Youngerby Mehmet Oz, Michael F. Roizen
Collins Living; Published: 2008-05-01; Hardcover; Book
Best price: $11.99
Price in other shops:
The Vaccine Book: Making the Right Decision for Your Child (Sears Parenting Library)by Robert Sears
Little, Brown and Company; Published: 2007-10-22; Paperback; Book
Best price: $7.54
Price in other shops:
Tuned In: Uncover the Extraordinary Opportunities That Lead to Business Breakthroughsby Craig Stull, Phil Myers, David Meerman Scott
Wiley; Published: 2008-06-30; Hardcover; Book
Best price: $12.77
Price in other shops:
Traveler's Guide to Alaskan Camping: Alaska and Yukon Camping with RV or Tent (Traveler's Guide series)by Mike Church, Terri Church
Rolling Homes Press; Published: 2008-04-01; Paperback; Book
Best price: $13.04
Price in other shops:
Stop the 401(k) Rip-off!: Eliminate Costly Hidden Fees to Improve Your Lifeby David B. Loeper
Bridgeway Books; Published: 2007-10-15; Paperback; Book
Best price: $4.95
Price in other shops:
Standing Tall: A Memoir of Tragedy and Triumphby C. Vivian Stringer, Laura Tucker
Crown; Published: 2008-03-04; Hardcover; Book
Best price: $8.33
Price in other shops:
Soul Wisdom: Practical Soul Treasures to Transform Your Life (Soul Power)by Zhi Gang Sha
Atria; Published: 2008-07-01; Paperback; Book
Best price: $2.99
Price in other shops:
Nancy Clark's Sports Nutrition Guidebookby Nancy Clark
Human Kinetics Publishers; Published: 2008-03-14; Paperback; Book
Best price: $11.39
Price in other shops:
Similar books summaries and other product reviews
IRAs, 401(k)s & Other Retirement Plans: Taking Your Money Outby Twila Slesnick, John C. Suttle
NOLO; Published: 2007-07; Paperback; Book
Best price: $20.49
Price in other shops:
Wise Investing Made Simple: Larry Swedroe's Tales to Enrich Your Future (Focused Investor)by Larry Swedroe
Charter Financial Pub Network; Published: 2007-09-01; Hardcover; Book
Best price: $15.53
Price in other shops:
The New Mortgage Investment Advisor: Structuring Your Mortgage to Work as a Financial Planning Toolby Peter, D. Mitchell, James, D. Pidd
Anderson-Noble Publishing; Published: 2007-07-01; Paperback; Book
Best price: $14.35
Price in other shops:
Retire Rich With Your Self-Directed IRA: What Your Broker & Banker Don't Want You to Know About Managing Your Own Retirement Investmentsby Nora Peterson
Atlantic Publishing Company (FL); Published: 2006-07-10; Paperback; Book
Best price: $13.00
Price in other shops:
The Neatest Little Guide to Stock Market Investingby Jason Kelly
Plume; Published: 2007-12-18; Paperback; Book
Best price: $7.20
Price in other shops:
Your Complete Retirement Planning Road Map: A Comprehensive Action Plan for Securing IRAs, 401(k)s, and Other Retirement Plans for Yourself and Your Familyby Ed Slott
Ballantine Books; Published: 2007-12-26; Paperback; Book
Best price: $9.22
Price in other shops:
401(k)s for Dummiesby Ted Benna, Brenda Watson Newmann
For Dummies; Published: 2002-10-15; Paperback; Book
Best price: $9.08
Price in other shops:
The Retirement Savings Time Bomb . . . and How to Defuse It: A Five-Step Action Plan for Protecting Your IRAs, 401(k)s, and Other RetirementPlans from Near Annihilation by the Taxmanby Ed Slott
Penguin (Non-Classics); Published: 2007-12-18; Paperback; Book
Best price: $9.07
Price in other shops:
The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books. Big Profits)by John C. Bogle
Wiley; Published: 2007-03-05; Hardcover; Book
Best price: $10.55
Price in other shops:
The Smartest 401k Book You'll Ever Read: Maximize Your Retirement Savings...the Smart Way!by Daniel R. Solin
Perigee Trade; Published: 2008-06-24; Hardcover; Book
Best price: $11.09
Price in other shops: