From the #1 independent financial advisor in America, ranked three times by Barron’s: a guide to making the most of your retirement plans and assuring long-term financial security.
Everyone knows that saving for your retirement is important. Yet only half of all eligible Americans contribute to a retirement plan. That’s because all plans - including the 401(k), 403(b), 457, and even the IRA - are complicated, confusing, and costly. New York Times best-selling author and acclaimed financial advisor Ric Edelman has counseled thousands of savers and retirees and has accumulated his advice in this audiobook.
Edelman has created a step-by-step guide. With illuminating prose and simple explanations, he shares everything you need to know as a plan participant: how to contribute even when you think you can’t afford to, how to make wise choices among your investment options, and how to convert your 401(k) into income so you can provide yourself with the lifestyle you want in retirement. Along the way, he debunks the myths and clears up the confusion.
©2014 Ric Edelman (P)2014 Brilliance Audio, all rights reserved. Recorded by arrangement with Simon & Schuster, Inc
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Dollar Cost Averaging
This was a good book and had some great information. But, the 2nd half has too many instances where he either says, "it depends" or goes into great detail about specific situations that I will never face or won't need to think about for a while.
I'm more of a simple investor and breaking things down into simple terms would help me. I realize there are situations where you need to hire an adviser, but in a book, he should stick to the basics.
Should have been more truthful about 401ks and Iras and that theirs risk involved in this financial tools. Author goes to great lengths to convince people that 401ks and Iras are safe bets and can yield great returns well into a persons retirement years with no mention of the dark pools of corruption that infect the stock exchange! The whole book paints a lalala world that people will retire with a million dollars if they invest heavily, which is a conniving way to fool people!!
He railed against Robert Reich ( Secretary Of Labor for Bill Clinton) and Nouriel Roubini (Dr.Doom) both of which are prominent economists and have vast knowledge of the financial sector, Read their books and have much sense than the con job this author created with this book.
narrator was clear and did a good job.
sarcasm, i felt i was listening to a fairy tale or some con man was trying to sell me magic dirt!!
If i known i had the option of returning this book i would have, We just experienced the worst financial crisis of our lifetimes and this con artist is trying to get people to invest their lifetime retirement earnings and gamble it all away into a corrupt rigged system!!
The recording would "drop" a word and make understanding the information difficult to understand...I actually had to go out and buy the paper version of the book to read along with so I could understand what was being taught when the words would drop out...very disappointed ...
This is the best book about saving for retirement I have come across. Tons of good info, well organized with a good explanation of concepts. It provides a thorough analysis of what/when/where/how much to invest in 401K and IRA.
As far as the narrator, he was great as well. I listened on 1.25x with no loss in quality.
My one knock on this is the self-promotion within the book. There could be some inherent bias in there so keep that in mind.
Great book! A must read. Ric makes this complex subject easy to follow. This book will build your confidence and remove some worry about what lies ahead with retirement.
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