How to Invest in Real Estate With Your IRA and 401K & Pay Little or No Taxes
Average customer rating: 3 out of 5 stars
  • Informative but not Objective
How to Invest in Real Estate With Your IRA and 401K & Pay Little or No Taxes
Hubert Bromma
Manufacturer: McGraw-Hill
ProductGroup: Book
Binding: Paperback

GeneralGeneral | Taxes | Accounting | Industries & Professions | Business & Investing | Subjects | Books
GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
GeneralGeneral | Business & Investing | Subjects | Books
GeneralGeneral | Real Estate | Business & Investing | Subjects | Books
InvestmentsInvestments | Real Estate | Business & Investing | Subjects | Books
GeneralGeneral | Taxation | Law | Subjects | Books
GeneralGeneral | Taxation | Law | Professional & Technical | Subjects | Books
Look Inside Business BooksLook Inside Business Books | Trip | Specialty Stores | Books
Look Inside Nonfiction BooksLook Inside Nonfiction Books | Trip | Specialty Stores | Books
Similar Items:
  1. Retire Rich With Your Self-Directed IRA: What Your Broker & Banker Don't Want You to Know About Managing Your Own Retirement Investments Retire Rich With Your Self-Directed IRA: What Your Broker & Banker Don't Want You to Know About Managing Your Own Retirement Investments
  2. IRA Wealth: Revolutionary IRA Strategies for Real Estate Investment IRA Wealth: Revolutionary IRA Strategies for Real Estate Investment
  3. The Insider's Guide to Tax-Free Real Estate: Retire Rich Using Your IRA The Insider's Guide to Tax-Free Real Estate: Retire Rich Using Your IRA
  4. How to Invest in Real Estate And Pay Little or No Taxes: Use Tax Smart Loopholes to Boost Your Profits By 40% How to Invest in Real Estate And Pay Little or No Taxes: Use Tax Smart Loopholes to Boost Your Profits By 40%
  5. Private Mortgage Investing: How to Earn 12% or More on Your Savings, Investments, IRA Accounts and Personal Equity--A Complete Resource Guide with 100s ... Secrets From the Experts Who Do It Every Day Private Mortgage Investing: How to Earn 12% or More on Your Savings, Investments, IRA Accounts and Personal Equity--A Complete Resource Guide with 100s ... Secrets From the Experts Who Do It Every Day

ASIN: 0071471677

Book Description

Real estate investment strategies that put the gold in the golden years

This accessible, easy-reference guide shows how to turn a retirement savings plan into a tool for generating major income. Hubert Bromma, an experienced investment professional in real estate and retirement funds for nearly 30 years, take you through the basics of investing with retirement accounts, from choosing the right plan to buying real estate. The book also includes information about the various retirement options, including IRAs, Roth IRAs, individual 401(k)s, and more.

Customer Reviews:

3 out of 5 stars Informative but not Objective.......2007-03-21

Written by the top officer of Entrust, whose business is to manage self directed IRAs, this book is not to be taken as an objective analysis of the benefits and drawbacks of buying real estate within a self directed IRA. Although never actually lying (I'm sure Entrust's attorneys made sure of that), it avoids the topic of fees and lack of control, that are involved in maintaining any real estate investment within an IRA. It also doesn't mention any of the costs of setting up an LLC with one or more members. Setting up an LLC is a likely scenario and was, in fact, recommended to me, by Entrust. Buying real estate within an IRA is very different than doing the same investment outside of an IRA. Given the fees involved with this type of investment, what would be the minimum investment recommended to absorb these fees/costs and still realize an acceptable return? No answers here. Examples of returns are unrealistic in today's more normal market conditions. The author does make some good points, and the concept is really great. But buyer beware. I was so disappointed to come to the conclusion that buying a $350K investment property, using the required non-recourse loan with a higher rate, and setting up an LLC with 2 members (the bank and my IRA) was too complicated and restrictive. This book is an excellent starting point, but the drawbacks either aren't mentioned, nor fully addressed. Basically, the author is selling. Remember what he does for a living. Get your highlighter out and read carefully!
IRAs, 401(k)s & Other Retirement Plans: Taking Your Money Out (7th Edition)
Average customer rating: 4.5 out of 5 stars
  • Great Book!
  • Crucial Information
  • Very User Friendly!
  • Pay attention to the sub-title
  • A practical, easy-to-understand instructional
IRAs, 401(k)s & Other Retirement Plans: Taking Your Money Out (7th Edition)
Twila Slesnick , John C. Suttle , and Amy Delpo
Manufacturer: NOLO
ProductGroup: Book
Binding: Paperback

Personal TaxesPersonal Taxes | Taxes | Accounting | Industries & Professions | Business & Investing | Subjects | Books
GeneralGeneral | Personal Finance | Business & Investing | Subjects | Books
Retirement PlanningRetirement Planning | Personal Finance | Business & Investing | Subjects | Books
Consumer LawConsumer Law | Business | Law | Subjects | Books
GeneralGeneral | Taxation | Law | Subjects | Books
GeneralGeneral | Taxation | Law | Professional & Technical | Subjects | Books
Look Inside Business BooksLook Inside Business Books | Trip | Specialty Stores | Books
Look Inside Nonfiction BooksLook Inside Nonfiction Books | Trip | Specialty Stores | Books
All TitlesAll Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
Similar Items:
  1. The Retirement Savings Time Bomb...and How to Defuse It The Retirement Savings Time Bomb...and How to Defuse It
  2. J.K. Lasser's Your Winning Retirement Plan J.K. Lasser's Your Winning Retirement Plan
  3. Cracking Your Retirement Nest Egg (Without Scrambling Your Finances): 25 Things You Must Know Before You Tap Your 401(k), IRA, or Other Retirement Savings Plan Cracking Your Retirement Nest Egg (Without Scrambling Your Finances): 25 Things You Must Know Before You Tap Your 401(k), IRA, or Other Retirement Savings Plan
  4. Parlay Your IRA into a Family Fortune Parlay Your IRA into a Family Fortune
  5. The New Rules of Retirement: Strategies for a Secure Future The New Rules of Retirement: Strategies for a Secure Future

ASIN: 1413304028

Amazon.com

IRA's, 401(k)s & Other Retirement Plans, by financial specialists Twila Slesnick and John C. Suttle, is a solid self-help legal look at a critical back-end issue that most of us blissfully ignore until we absolutely must confront it. The authors themselves admit it is not a compelling page-turner, but rather a comprehensive resource that at some point should prove indispensable to everyone with a retirement plan. They describe the various plans available--including Roth IRAs, to which an entire chapter is devoted--focusing on distribution rules, associated taxes, and potential penalties. They offer details on early distributions used to pay higher-education expenses or health-insurance premiums (which are not subject to taxes, under certain explicit conditions), distributions you must take during your lifetime (when they begin, how they're computed, what happens if your beneficiary changes), and distributions made after an account holder dies (largely concentrating on administrative procedures that could help you avoid unnecessary financial loss). Helpful appendices include relevant IRS forms, notices, and schedules as well as life-expectancy tables. --Howard Rothman

Book Description

If you are...

*approaching retirement *retiring early *changing jobs *looking to borrow money from your retirement plan *wondering what to do with an inherited plan

...you need this book! It helps you make sense of the rules that govern distributions from retirement plans, and avoid the stiff penalties that lurk in the fine print. It covers the different types of retirement plans -- including 401(k)s and other profit-sharing plans, Keoghs, IRAs and tax-deferred annuities -- and the taxes and penalties that can deplete your nest egg.

In accessible, plain English, this book covers:

*tax strategies before retirement *tax strategies at retirement *dividing a plan at divorce *penalties for taking money out early *minimizing taxes *distributions you must take *distributions to your heirs

The 7th edition is completely updated with the latest tax rates, tables and methods for calculating required distributions. It also provides new information on Roth IRAs and bankruptcy.

With this book as your guide, you'll know the rules, avoid the penalties and save for your future like a pro.

TABLE OF CONTENT:

I. How to Use This Book

1. Types of Retirement Plans

A. Qualified Plans B. Individual Retirement Accounts C. Almost-Qualified Plans D. Nonqualified Plans

2. An Overview of Tax Rules

A. Taxation Fundamentals B. General Income Tax Rules for Retirement Plans C. Income Tax on Qualified Plans and Qualified Annuities D. Special Income Tax Rules for Tax-Deferred Annuities E. Special Income Tax Rules for IRAs F. How Penalties Can Guide Planning

3. Early Distributions: Taking Your Money Out Before the Law Allows

A. Exceptions to the Early Distribution Tax B. Calculating the Tax C. Reporting the Tax D. Special Rules for IRAs

4. Substantially Equal Periodic Payments

A. Computing Periodic Payments B. Implementing and Reporting Your Decision C. Modifying the Payments

5. Required Distributions: Taking Money Out When You Have To

A. Required Distributions During Your Lifetime B. Death Before Required Beginning Date C. Death After Required Beginning Date D. Special Rules for Tax-Deferred Annuities E. Special Rules for Roth IRAs F. Penalty G. Waiver

6. Required Distributions During Your Lifetime

A. Required Beginning Date B. Computing the Required Amount C. Designating a Beneficiary D. Special Rules for Annuities E. Divorce or Separation

7. Distributions to Your Beneficiary If You Die Before Age 70½

A. Determining the Designated Beneficiary B. Distribution Methods C. Spouse Beneficiary D. Nonspouse Beneficiary E. No Designated Beneficiary F. Multiple Beneficiaries, Separate Accounts G. Multiple Beneficiaries, One Account H. Trust Beneficiary I. Estate as Beneficiary J. Annuities K. Divorce or Separation L. Reporting Distributions From IRAs

8. Distributions to Your Beneficiary If You Die After Age 70½

A. Administrative Details B. Spouse Beneficiary C. Nonspouse Beneficiary D. No Designated Beneficiary E. Multiple Beneficiaries, Separate Accounts F. Multiple Beneficiaries, One Account G. Trust Beneficiary H. Estate as Beneficiary I. Annuities J. Divorce or Separation

9. Roth IRAs

A. Taxation of Distributions B. Early Distribution Tax C. Ordering of Distributions D. Required Distributions

Appendixes

A. IRS Forms, Notices, and Schedules

Form 4972, Tax on Lump-Sum Distributions Tax Rate Schedule for 1986 Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts Form 5330, Return of Excise Taxes Related to Employee Benefit Plans Form 5498, IRA Contribution Information Form 8606, Nondeductible IRAs Revenue Ruling 2002-62

B. Life Expectancy Tables

Table I: Single Life Expectancy Table II: Joint Life and Last Survivor Expectancy Table III: Uniform Lifetime Table Table IV: Survivor Benefit Limits

Index

Download Description

"If you are... approaching retirement retiring early changing jobs looking to borrow money from your retirement plan wondering what to do with an inherited plan ...you need this book! IRAs, 401(k)s & Other Retirement Plans helps you make sense of the rules that govern distributions from retirement plans, and avoid the stiff penalties that lurk in the fine print. It covers the different types of retirement plans -- including 401(k)s and other profit-sharing plans, Keoghs, IRAs and tax-deferred annuities -- and the taxes and penalties that can deplete your nest egg. In accessible, plain English, IRAs covers: the tax strategies before retirement the tax strategies at retirement dividing a plan at divorce tax penalties for taking your money out early methods for avoiding tax penalties distributions you must take during your lifetime distributions to your heirs after your death Roth IRAs With this book as your guide, you'll know the rules, avoid the penalties and save for your future like a pro. "

Customer Reviews:

5 out of 5 stars Great Book!.......2007-02-16

Excellent reference on how to extract money from retirement plans. Gives specific requirements necessary to receive penalty free withdrawals. I highly recommend this easy to understand, plain english book.

5 out of 5 stars Crucial Information.......2006-07-20

This book contains must have information for anyone owning an IRA. I had a previous version and wanted to keep current as I approach the magic age. This book tells you how to avoid fines and penalties from the dastardly IRS. Keep as much of your hard earned savings as possible for as long as possible by reading this book several times then saving it for future reference. I also marked many pages for my beneficiaries just in case. Do yourself a favor and invest in this book.

5 out of 5 stars Very User Friendly!.......2005-08-29

The book is well organized. I was able to use it, immediately, to answer 'basic questions' to help a relative avoid a costly mistake and, more importantly, to learn 'options' that could help. Though I am an insurance agent, I've had little exposure to the 401(k), IRA, etc., market. This book is quickly moving me to the 'top 20% group' of informed agents and financial advisors. I highly recommend it, thanks to Ed Slott!

5 out of 5 stars Pay attention to the sub-title.......2005-05-06

The reviewer plugging the "MarketBuster" book has totally missed the point of this NOLO book, which is given in the subtitle: Taking Your Money Out. The reviewer is talking about strategies for growing your account.

When you're in the savings/growing mode you're in a whole different situation than you're in when you're having to withdraw and/or live off your account. Going from one to the other requires a major change in strategy and, more important, a MAJOR change in mindset and, often, life style.

You're confronted with a whole new set of regulations, whether the reason for the change is retirement, inheriting an account, etc. The biggest change in mindset is that instead of the pleasant pre-retirement situation of watching the money accumulate, you have to recognize that you're now going to be watching it DECLINE. And unless you've got a tremendously more than sufficient account, you're going to have to live with the knowledge that you could outlive the account, possibly due to your own mistakes, some of which this book can help you avoid.

Four years ago I was confronted with making this shift a whole lot sooner than I'd planned, and with getting control of my retirement accounts under conditions where I had little help. Without the previous edition of this NOLO book, I would have been totally lost and probably made serious mistakes.

Now, one caveat: This book does not tell you how to MANAGE your withdrawals and account so as to produce INCOME; as one should expect from NOLO press as a LEGAL advice publishing house, it deals with the nuts, bolts, traps and hazards of the PROCESS of getting the money out.

In my situation I also found that there is not a whole lot of good material out there on the subject of managing your money and account IN the WITHDRAWAL stage, and this subject is affecting more and more people, as the country shifts from defined benefit (pensions) plans to plans like 401Ks and IRAs that place the job of investing and managing on the individual.

It is a whole lot more complex, risky, and stressful than most people realize, especially considering the general abysmal education (lack of) even young people receive on the subject, let alone people my age who were raised to count on pensions, etc. (And thank goodness for Social Security, which while far from adequate, can still supply a firm base of about 30 to 50% of a retirement income; although that's another issue)

So I recommend this book as essential for the basic procedures, but you will also need additional information on how to manage your income account(s). Personally, in addition to a good fee based financial planner, I found invaluable help from folks who have actually been doing the job for years, especially in the forums of Morningstar, for example. But you have to be on constant alert for scamsters and the whole "how to be a billionaire" publishing crowd. You're going to have to invest some serious time and effort in educating yourself for a the whole new job of retirement, and this book is an excellent place to start, preferably BEFORE you actually have to start TAKING YOUR MONEY OUT.

5 out of 5 stars A practical, easy-to-understand instructional.......2004-10-12

Now in an updated and expanded sixth edition, IRAs, 401(k)s & Other Retirement Plans is a solid guide written especially for lay readers to better understand the types of retirment plans available in America. From tax issues, including taxes on early distributions, to the time at which one is required to take some distributions, to determining one's designated beneficiary in case of premature death, and much more, IRAs, 401(k)s & Other Retirement Plans is a practical, easy-to-understand instructional. Highly recommended for anyone cultivating an IRA or concerned about ensuring that the right person benefits from it.
Don't Die Broke: Taking Money Out of Your IRA, 401(k), or Other Savings Plan - and Creating Lasting Retirement Income
Average customer rating: 4 out of 5 stars
  • Don't believe the subtitle
  • A Solid Effort!
  • A practical, step-by-step, effective approach
  • This book is a lifeline...highly recommend it
  • Excellent Treatise On A Very Complicated Topic
Don't Die Broke: Taking Money Out of Your IRA, 401(k), or Other Savings Plan - and Creating Lasting Retirement Income
Margaret A. Malaspina
Manufacturer: Bloomberg Press
ProductGroup: Book
Binding: Paperback

GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
GeneralGeneral | Business & Investing | Subjects | Books
GeneralGeneral | Accounting | Industries & Professions | Business & Investing | Subjects | Books
GeneralGeneral | Investing | Business & Investing | Subjects | Books
Financial PlanningFinancial Planning | Personal Finance | Business & Investing | Subjects | Books
Retirement PlanningRetirement Planning | Personal Finance | Business & Investing | Subjects | Books
GeneralGeneral | Accounting | Accounting & Finance | Professional & Technical | Subjects | Books
Look Inside Business BooksLook Inside Business Books | Trip | Specialty Stores | Books
Similar Items:
  1. Surviving the Coming Mutual Fund Crisis: How You Can Take Defensive Measures to Protect Your Money Surviving the Coming Mutual Fund Crisis: How You Can Take Defensive Measures to Protect Your Money
  2. Avoiding the Medicaid Trap: How to Beat the Catastrophic Costs of Nursing-Home Care Avoiding the Medicaid Trap: How to Beat the Catastrophic Costs of Nursing-Home Care
  3. Blind Faith: Our Misplaced Trust in the Stock Market and Smarter, Safer Ways to Invest Blind Faith: Our Misplaced Trust in the Stock Market and Smarter, Safer Ways to Invest
  4. You're Fifty--Now What? Investing for the Second Half of Your Life You're Fifty--Now What? Investing for the Second Half of Your Life
  5. The Unbeatable Market: Taking the Indexing Path to Financial Peace of Mind The Unbeatable Market: Taking the Indexing Path to Financial Peace of Mind

ASIN: 1576600408

Amazon.com

Don't Die Broke: How to Turn Your Retirement Savings into Lasting Income, by personal-finance writer and financial-education specialist Margaret A. Malaspina, offers a fresh take on one of today's hottest money matters by outlining ways to tap most effectively into the retirement nest egg that you're currently nurturing. While most such guides concentrate on actually amassing those future fiscal resources in the first place, Malaspina shows instead how to maximize what you're (hopefully) already building so you'll (hopefully) always have what you need. "Most people find themselves making decisions about retirement plan distributions with little guidance," she writes. "Few people understand the consequences of their choices--or, indeed, what choices they have." In clear, highly focused chapters, she offers solid suggestions for creating a lasting retirement income, lowering potential taxes, and building an estate worth passing along. --Howard Rothman

Book Description

The book that picks up where other retirement planning books leave off. People spend years saving for retirement. But how can they find out exactly what to do with the money they've accumulated? What are the various and complicated options they need to know about so they don't risk big tax hits? How can this hard-earned money be turned into lasting income? Don't Die Broke, in hardcover format, went to a third printing within four months of publication. As baby boomers are faced with financial questions they've never had to think about, they can turn to author Margaret Malaspina for her expert financial advice. Peter Lynch says, "There's not another book like it." Here's how one reader describes Don't Die Broke: "This book was a great surprise. I didn't expect to like it, mostly because I hate the very thought of retirement planning and I approach the subject kicking and screaming. Yet it is time, and this book has been an enormous help. It makes the subject at least accessible, if not downright friendly." There are hundreds of books on saving for retirement and investing in retirement. This book is different. Don't Die Broke picks up where most retirement planning leaves off--and sets the standard for reader-friendly information on a complicated topic.

Smart Strategies:
* Creating a retirement paycheck that will last a lifetime
*Choosing the right withdrawal option
* Lowering the tax bill on retirement savings
* Avoiding dead-end or irrevocable choices
* Building an estate plan that preserves tax benefits for heirs
* Finding professional help and additional resources

Customer Reviews:

1 out of 5 stars Don't believe the subtitle.......2002-07-11

The subtitle is "Taking Money out of your IRA, 401(k), or other savings plan-- and creating lasting retirement income, but there's precious little useful how-to here. There's basically one chapter (9) that deals with the details of setting up a withdrawal plan and the advice boils down to "go find an investment advisor". Most of the book is spent explaining 401ks, IRAs, workplace plans, etc.

It's my own fault, though. Next time I'll read the TOC before buying!

3 out of 5 stars A Solid Effort!.......2001-03-17

Many rules and regulations govern pension plans. The technicalities are complicated and change constantly. People can make irrevocable errors doing something as simple as moving assets from one plan to another. Margaret A. Malaspina cuts through retirement plan red tape and explains the jargon. She shows you how to get to your money after you have worked hard to save it. This book demystifies your options and clarifies the consequences of your choices. The author makes reading about taxes relatively painless. We at getAbstract recommend this book to anyone planning retirement, switching retirement plans, or withdrawing retirement funds. However, because of its discussion of United States tax law, it is not useful to those in other countries.

5 out of 5 stars A practical, step-by-step, effective approach.......2001-02-17

In Don't Die Broke, Margaret Malaspina offers a careful, practical, step-by-step, effective approach to ensuring proper and profitable management of money. Here is a wealth of useful advice and counsel on making money last, avoiding the need to spend retirement years worrying about financial security. The reader will learn how to turn assets into income; create a monthly paycheck from savings, stocks, and other financial resources; avoid making irreversible mistakes with retirement savings; understand a company's retirement plans, individual retirement accounts (such as the new Roth IRAs); transfer wealth to heirs; and minimize taxes on retirement savings. Don't Die Broke is "must" reading for anyone seeking relief from financial stress in their retirement and eventually being able to leave something to loved ones.

5 out of 5 stars This book is a lifeline...highly recommend it.......2000-02-07

Like so many of my friends, my husband's and my focus has been all about reaching some magic number that would say, ok,now it's safe to retire without going broke... We gave not a thought to how we'd manage the money afterwards. But then we began to hear rumors ... you must do this, you can't do that, and panic set in. Finally, after reading Ms. Malaspina's book, we understand what's really going on (better than we did after talking to our accountant!). I've given this book to friends and even a cousin who was 69-1/2 and didn't have a clue about the need to start drawing on certain retirement savings. This book should be required reading for anyone over 50. Thanks, Bloomberg Press!

5 out of 5 stars Excellent Treatise On A Very Complicated Topic.......2000-02-07

Margaret Malaspina has done an incredible service to the taxpaying world in her book. As a Certified Public Accountant, I can attest to fact that dealing with the Internal Revenue Service Code is an extremely difficult process. She has consistently dealt with this complicated and very confusing subject and de-mystified it in a way that heretofore has never been done. As more and more assets of American citizens are finding their way into retirement accounts, the timing of this book is perfect. What might appear to be some type of simple election or investment decision can backfire in terms of significant additional taxes. She attempts and succeeds in identifying these problems and proposing appropriate solutions. I have read it thoroughly and have recommended it to my clients and friends.
Cracking Your Retirement Nest Egg (Without Scrambling Your Finances): 25 Things You Must Know Before You Tap Your 401(k), IRA, or Other Retirement Savings Plan
Average customer rating: 4 out of 5 stars
  • Turtlehut incorrect
  • Right On Retirement
  • First thing I read was wrong
  • Retirement advice you can actually understand
  • Enter the maze....
Cracking Your Retirement Nest Egg (Without Scrambling Your Finances): 25 Things You Must Know Before You Tap Your 401(k), IRA, or Other Retirement Savings Plan
Margaret A Malaspina , and Margaret A. Malaspina
Manufacturer: Bloomberg Press
ProductGroup: Book
Binding: Hardcover

GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
Public FinancePublic Finance | Economics | Business & Investing | Subjects | Books
GeneralGeneral | Personal Finance | Business & Investing | Subjects | Books
Retirement PlanningRetirement Planning | Personal Finance | Business & Investing | Subjects | Books
Consumer LawConsumer Law | Business | Law | Subjects | Books
Similar Items:
  1. The Retirement Savings Time Bomb...and How to Defuse It The Retirement Savings Time Bomb...and How to Defuse It
  2. IRAs, 401(k)s & Other Retirement Plans: Taking Your Money Out IRAs, 401(k)s & Other Retirement Plans: Taking Your Money Out
  3. You're Retired Now What: Money Skills for a Comfortable Retirement (Wiley Personal Finance Solutions) You're Retired Now What: Money Skills for a Comfortable Retirement (Wiley Personal Finance Solutions)
  4. Parlay Your IRA into a Family Fortune: 3 EASY STEPS for creating a lifetime supply of tax-deferred, even tax-free, wealth for you and your family Parlay Your IRA into a Family Fortune: 3 EASY STEPS for creating a lifetime supply of tax-deferred, even tax-free, wealth for you and your family
  5. Parlay Your IRA into a Family Fortune Parlay Your IRA into a Family Fortune

ASIN: 1576601269

Book Description

A former vice-president of Fidelity offers indispensable advice for the millions of baby boomers hitting 50, 55, and beyond. The author of "Don't Die Broke," she focuses on spending and living off retirement savings, while other books are geared towards saving for retirement.

Customer Reviews:

4 out of 5 stars Turtlehut incorrect.......2005-07-29

In Turtlehut's review he/she said social security answer ID277 indicated that certain income was not counted in determining if there was to be an income tax on benefits. That is not correct. That information relates to the earnings limit test,or how much income is counted on which a worker pays fico taxes into the fund. There are people who collect pensions and still work. I should know, I pay income tax all my retirement income including social security and it is punitive. The tax was imposed in l983....thank Ronald Reagan and his revolting congress.

5 out of 5 stars Right On Retirement.......2004-09-18

Geez, I find Tut's review inappropriate. My copy had an errata sheet with a correction for the error that is cited, which is more than I can say for some of the other books I've read on retirement. The book is readable, comprehensive and not too technical. I found answers to a lot of my questions. I particularly liked that I could find the information I needed without reading the whole book. Malaspina seems to know enough about her audience to have anticipated the key issues and organized them from the most basic to the most arcane. My advice: If you are within 5 years of retirement, this book should be on your "must read" list.

1 out of 5 stars First thing I read was wrong.......2004-04-18

I just received this book and thumbing through it read Ohapter 14 on Social Security. On page 141 she that at age 62 you lose $1 in benefits for every $2 in earnings above $11,500 - which is correct. But then she goes on to saying "You can't get around these reductions in benefits by supplementing your Social Security income with withdrawals from your other savings or retirement plans. CAPITAL GAINS, dividends, interest income, and any other withdrawals from your retirement plans or accounts count as income and you fail the test if you push past $11,500 or $30,000 regardless of source."

This seemed wrong to me so I went to the Social Security web site. The SSA says (answer ID 277): "Nonwork sources of income, such as: inheritance payments, pensions, income from investments, IRA distributions, interest, or other sources do not count as wages for the earnings test."

What other errors are there in this book? I don't trust it after 30 minutes of reading, certaintly not to help with my retirement decisions. At least I only lost the cost of the book

5 out of 5 stars Retirement advice you can actually understand.......2003-03-11

I stumbled across this book browsing in my local bookstore and I couldn't believe my eyes. It laid out everything you need to know to retire. It is extremely well-organized and well-written. I gave a copy to my financial advisor and told him I finally understood all the stuff he was trying to explain to me.

5 out of 5 stars Enter the maze...........2003-03-11

This has to be one of the most boring topics in the field of financial advice. The proliferation of retirement savings plans, the maze of regulations, exceptions, and judgement calls that have to be considered by the average retiree is almost numbing. It's boring in the abstract. But it gets your attention when it's your money and future in the balance. Bascially simple rules for accumulating retirement wealth and accessing it continue to evolve like a patchwork quilt. Malaspina is relentless in her efforts to cover the topic and we are the beneficiaries. Chapter 21 treats the issue of company stock held in a retirement plan and how it can receive tax advantaged treatment. Malaspina does an even-handed job of explaining the risks and discusses whether it makes sense to take advantage of this often overlooked opportunity. Information "For Women Only" and non-spousal partners (Chapters 22,23)is dealt with briefly, but it also very useful. One important retiree misconception that does not appear in this book: Many otherwise sophisticated investors facing annual required mandatory minimum withdrawals from their IRA's at 70 1/2 don't realize that assets do not always have to be sold to comply. Many investment assets can be moved 'as they are' into a non-IRA account at market value thus avoiding unnecessary sales charges and the loss of a worthy investment.
Essential Finance: IRA and 401(k) Investing
Average customer rating: 4 out of 5 stars
  • How do retirement plans work?
Essential Finance: IRA and 401(k) Investing
Marc Robinson
Manufacturer: DK ADULT
ProductGroup: Book
Binding: Paperback

GeneralGeneral | Business & Investing | Subjects | Books
GeneralGeneral | Investing | Business & Investing | Subjects | Books
IntroductionIntroduction | Investing | Business & Investing | Subjects | Books
GeneralGeneral | Personal Finance | Business & Investing | Subjects | Books
Retirement PlanningRetirement Planning | Personal Finance | Business & Investing | Subjects | Books
GeneralGeneral | Finance | Accounting & Finance | Professional & Technical | Subjects | Books
GeneralGeneral | Business & Investing | 4-for-3 Books Store | Stores | Books
GeneralGeneral | Investing | Business & Investing | 4-for-3 Books Store | Stores | Books
IntroductionIntroduction | Investing | Business & Investing | 4-for-3 Books Store | Stores | Books
GeneralGeneral | Personal Finance | Business & Investing | 4-for-3 Books Store | Stores | Books
FinanceFinance | Accounting & Finance | Professional & Technical | 4-for-3 Books Store | Stores | Books
All 4-for-3 DealsAll 4-for-3 Deals | 4-for-3 Books Store | Stores | Books
Similar Items:
  1. Essential Finance Series: Investing Basics Essential Finance Series: Investing Basics
  2. Mutual Fund Investing (Essential Finance) Mutual Fund Investing (Essential Finance)
  3. Essential Finance Series: Buying the Best Home Essential Finance Series: Buying the Best Home
  4. Essential Finance Series: Managing Credit Essential Finance Series: Managing Credit
  5. Essential Finance Series: Choosing the Right Stocks Essential Finance Series: Choosing the Right Stocks

ASIN: 078947171X

Book Description

Developing an understanding of your retirement plan options can be simple and painless. and it shouldn't take hours of reading. In IRA and 401(k) Investing, you will find legal, financial, and common sense information organized into clear, simple explanations that help you make sense of the crucial details. This book addresses all of the current rules and discusses the latest changes affecting them. smart tips help you avoid pitfalls and select the retirement plan that's right for you. Increased interest in do-it-yourself money management is a defining trend of our modern world, and the DK Essential Finance series provides the perfect personal finance library to help take advantage of this phenomenon. These outstanding guides provide a practical and impartial resource to guide you through important financial decisions. Useful questionnaires pinpoint one's financial status while easy-to-use charts and graphs help track cash flow, cut through the complexities of financial lingo, and gain the confidence needed to build real financial security. Readers can learn to invest online, live debt free, plan for retirement, or pay for a child's education.

Customer Reviews:

4 out of 5 stars How do retirement plans work?.......2001-06-20

Saving money for retirement is not always easy, knowing where to put your money is perhaps complex with so many options. Depending on your situation, you can choose a plan with various tax consequences. Understanding the options is the first step towards a financially secure retirement.

This step-by-step guide will bring more understanding to the question of how to build a nest egg. The important principles of retirement plan investing are set out in a uncomplicated way. There are practical explanations to help you make sense of the legal and financial restrictions and opportunities. Charts show a visual representation of where you stand now and explain how you can reach your goals.

Will Social Security be enough to live on? According to the American Association of Retired Persons, Social Security benefits will replace 43% of the income you earn during the year before you retire. This income will also not protect you against inflation, so it is wise to plan for your own future.

Did you know there is a way to withdraw money from an IRA without penalty before you officially retire? See page 18. You might also want to consider an education IRA which is not a retirement account, but a vehicle to help pay for a grandchild's education. This handy book shows if you are eligible and what the contribution limits are.

While the information on taxes is comprehensive, you will still want to consult with a professional before making any final decisions. Some of the tax laws might have changed slightly from this edition but overall, the information will make you more aware of the choices you should consider to make the most of your money.
How to Become a Millionaire in Your Current Job: Choose Wisely With 401(k) and IRA
Average customer rating: 5 out of 5 stars
  • Practical approach to retirement planning.
How to Become a Millionaire in Your Current Job: Choose Wisely With 401(k) and IRA
J.B. Davis MBA CFP
Manufacturer: Galaxy Publishing Company (TX)
ProductGroup: Book
Binding: Paperback

Public FinancePublic Finance | Economics | Business & Investing | Subjects | Books
Financial PlanningFinancial Planning | Personal Finance | Business & Investing | Subjects | Books
GeneralGeneral | Personal Finance | Business & Investing | Subjects | Books
Retirement PlanningRetirement Planning | Personal Finance | Business & Investing | Subjects | Books
ASIN: 0967051142

Book Description

The book is a complete seminar on effective saving and investing that can be read and immediately applied no matter what the present income level of the reader. The first half of the book explains the benefits of 401(k) & IRA. It shows how to save, even if you are living from paycheck to paycheck. It provides very high motivation to start a 401(k) and/or IRA. The second half of the book provides extremely easy to understand investment education for 401(k) & IRA investors. The book is appropriate for complete beginners as well as for those with an intermediate financial and investment background.

Customer Reviews:

5 out of 5 stars Practical approach to retirement planning........2000-11-20

Information on retirement planning can be difficult to understand. Davis's book thoroughly covers the 401K and IRA options. It is a positive, straightforward analysis beginning with why we should plan for retirement then moving on to the advantages of IRA's and 401K's over saving after tax dollars. Tables illustrate how the value of early saving multiplies over time. As you get farther into to book the author's financial expertise shows positively with his clear, but detailed explanations of sometimes difficult financial concepts. He writes clearly and builds the explanations step by step. We were bombarded with information on the Roth IRA a couple of years ago, but have found the clearest explanations in this little book. It is a worthwhile book, well-organized and well-written and covers the subject matter clearly. Our 401K provider at work should have their salespeople read it!
IRA AND 401(K) INVESTING
Average customer rating: Not rated
    IRA AND 401(K) INVESTING

    Manufacturer: Dorling Kindersley
    ProductGroup: Book
    Binding: Paperback
    ASIN: B000H2QKMS
    J.K. Lasser's How to Pay Less Tax on Your Retirement Savings: Ira - Keogh - 401 (K) - 403 (B (J. K. Lasser's How to Protect Your Retirement Savings from the IRS)
    Average customer rating: Not rated
      J.K. Lasser's How to Pay Less Tax on Your Retirement Savings: Ira - Keogh - 401 (K) - 403 (B (J. K. Lasser's How to Protect Your Retirement Savings from the IRS)
      J. K. Lasser , and Seymour Goldberg
      Manufacturer: Macmillan General Reference
      ProductGroup: Book
      Binding: Paperback

      GeneralGeneral | Taxes | Accounting | Industries & Professions | Business & Investing | Subjects | Books
      GeneralGeneral | Business & Investing | Subjects | Books
      Retirement PlanningRetirement Planning | Personal Finance | Business & Investing | Subjects | Books
      Civil ProcedureCivil Procedure | Procedures & Litigation | Law | Subjects | Books
      GeneralGeneral | Taxation | Law | Subjects | Books
      Civil ProcedureCivil Procedure | Procedures & Litigation | Law | Professional & Technical | Subjects | Books
      ASIN: 0028600886
      J.K. Lasser's Retirement Plan Handbook, 1989-1990: Iras, 401 (Ks, Keoghs, and Other Retirement Plans)
      Average customer rating: Not rated
        J.K. Lasser's Retirement Plan Handbook, 1989-1990: Iras, 401 (Ks, Keoghs, and Other Retirement Plans)
        J. K. Lasser Institute
        Manufacturer: Prentice Hall Trade
        ProductGroup: Book
        Binding: Paperback

        GeneralGeneral | Business & Investing | Subjects | Books
        Retirement PlanningRetirement Planning | Personal Finance | Business & Investing | Subjects | Books
        ASIN: 0135107024
        J.K. Lasser's Tax-Sheltered Retirement Plans, 1990-1991: Iras, 401 (Ks, Keoghs, and Other Retirement Plans)
        Average customer rating: Not rated
          J.K. Lasser's Tax-Sheltered Retirement Plans, 1990-1991: Iras, 401 (Ks, Keoghs, and Other Retirement Plans)
          J K Lasser Institute , and J. K. Lasser
          Manufacturer: Macmillan General Reference
          ProductGroup: Book
          Binding: Paperback

          GeneralGeneral | Business & Investing | Subjects | Books
          GeneralGeneral | Personal Finance | Business & Investing | Subjects | Books
          ASIN: 0135111552

          Books:

          1. How to Value, Buy, or Sell a Financial Advisory Practice: A Manual on Mergers, Acquisitions, and Transition Planning
          2. How to Write Successful Fundraising Letters
          3. Inside the House of Money: Top Hedge Fund Traders on Profiting in the Global Markets
          4. Intermediate Accounting: Study Guide
          5. Introduction to Management Accounting, Chap. 1-17 (13th Edition) (Charles T Horngren Series in Accounting)
          6. Introduction to Management Accounting, Chap. 1-17 (13th Edition) (Charles T Horngren Series in Accounting)
          7. Introduction to Management Accounting, Chap. 1-17 (13th Edition) (Charles T Horngren Series in Accounting)
          8. Investments: An Introduction (with Thomson ONE - Business School Edition and Stock-Trak Coupon)
          9. Management Accounting: A Business Planning Approach
          10. Martin Pring's Introduction to Technical Analysis: A CD-ROM Seminar and Workbook

          Books Index

          Books Home

          Recommended Books

          1. White Ghost Girls
          2. The Last King: Rome's Greatest Enemy
          3. Mergers & Acquisitions: Managing the Transaction
          4. Mensa Challenge Your Brain Math & Logic Puzzles
          5. Statistical Techniques in Business and Economics with Student CD-Rom Mandatory Package
          6. Scarlet Letter, The
          7. Selling to Newly Emerging Markets
          8. Rechnungslegungspolitik: Eine Bestandsaufnahme aus handels- und steuerrechtlicher Sicht
          9. Panel Data Econometrics: Methods-of-Moments and Limited Dependent Variables
          10. Shakespeare's Trollop