The essential guide to getting a 401(k) plan back on track
While a majority of workers have money invested in their 401(k)plans-and are relying on these funds for retirement-few trulyunderstand how to manage and maintain these accounts, especiallyduring the recent economic downturn. In 2008 alone, most 401(k)holdings declined by twenty percent. These losses, compounded byplan changes, have only led to more confusion.
The Second Edition of Getting Started in RebuildingYour 401(k) Account offers up-to-date answers to frequentlyasked questions regarding these accounts and contains simplestrategies for improving 401(k) returns-including moving money outof company stock, rolling over plans when leaving an employer, andmoving some holdings to FDIC insured banks.
* Explains the basics of 401(k) plans from what they are to howthey work
* Discusses new rules in the 401 (k) arena, from automaticenrollment to how plans can be taxed
* Includes information on setting financial goals and choosingthe investments that are right for you
401(k) plans have become a significant source of retirementfunds for many. Learn how to make the most of them with theSecond Edition of Getting Started in Rebuilding Your401(k) Account.