The Truth about Retirement Plans and IRAs

  • by Ric Edelman
  • Narrated by Keith Spengel
  • 7 hrs and 27 mins
  • Unabridged Audiobook

Publisher's Summary

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.


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Customer Reviews

Most Helpful

Very Good Information, but the 2nd Half was Dry

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.

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- LE "EntrepreNerd - Looking for good books on tech, life skills and business"

Book is hostile against pension plans and savers.

What could have made this a 4 or 5-star listening experience for you?

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!!

What was most disappointing about Ric Edelman’s story?

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.

What didn’t you like about Keith Spengel’s performance?

narrator was clear and did a good job.

What reaction did this book spark in you? Anger, sadness, disappointment?

sarcasm, i felt i was listening to a fairy tale or some con man was trying to sell me magic dirt!!

Any additional comments?

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!!

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- joe

Book Details

  • Release Date: 05-07-2014
  • Publisher: Brilliance Audio