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If you could sum up The Truth about Retirement Plans and IRAs in three words, what would they be?
Dollar Cost Averaging
Any additional comments?
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.
2 of 2 people found this review helpful
I disagree with only one point really, but a big one. Roth <> traditional totals in the end. Can not simplify continously compounding interest the way the author does. All things the same, the size of a traditional 401k at the end of 40years of growth is greater than the liability of retirement income tax except under some extreme circumstances... Like... If you are well well off in working years and plan to be broke in retirement. The opposite also being an extreme, broke working years but rich retirement... These are outside of the audience scope. I presume most buying this book actually want to know that evaluation and roth 401k does not equal trad 401k. Not even close.