Excerpts

Foreword…

Whether you are the 401(k) decision-maker at your company, plan participant, or even if your company doesn’t have a retirement plan, this is the book for you.  You might just be the one to share this book with your company and get a retirement plan started.  Or you might just be the hero who shows your organization how to save everyone hundreds of thousands of dollars by switching to a lower-cost plan…

What’s In It For You…

…How would you feel if you could receive a lifetime of monthly income starting around age 60?  For as long as you live, no matter how long you live, money will just show up in your bank account each month like clockwork.  Does that sound good?

Dirty Little Secrets…

…I made this Dirty Little Secret #1 because it costs Americans more than $1 billion every year.  If your 401(k), 403(b) or 457(b) plan is by a life insurance company, you are forced to pay this insidious fee.  Get a retirement plan that is not by a life insurance company and you won’t have to.  It is that simple…

The 401(k) Journey To Wealth…

…What good is it if you bust your butt to earn 8% and your plan provider chops off 3% or 4% for themselves?  Are they looking out for you?  They are looking out for them.  That means something needs to happen.  And it starts with you going on a no-holds barred search for the truth about your plan’s fees…

The Chilling Impact Of Fees…

…One of the twins reaches age 60 with $1,251,880.  The other reaches age 60 with just $751,828.  That is half a million dollars less!  They both did everything the same, but one got steamrolled by high 401(k) fees.  Is that fair?…

Let’s Tackle The Fees…

…What is a company retirement plan but a menu of stocks and bonds that you shop from each payday?  Your objective is simple.  Pay only low or reasonably-low fees for the shopping experience.  Less money for them equals more money for you…

Let’s Tackle Your Fees…

…Assessing your plan’s fees is not just a task for company management.  It is for anyone reading this book.  Every employee at every workplace has the information already available to do a deep dive on your plan’s fees.  If you spot excessive fees in your plan, take your analysis and this book to the CEO, CFO or HR and let them know.  If you want a second opinion to make sure you are calculating things correctly, my contact information is all over this book.  As I mentioned at the beginning, the best 401(k), 403(b) and 457(b) plans come about when employees speak their concerns, and everyone pulls together to make your organization’s retirement plan the best it can be.