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Mark BalestrinoThe Great 401 (k) Hoax
Why Your Family’s Financial Security Is At Risk, And What You Can Do About It
by William Wolman, Anne Colamosca🔰 The Great 401 (k) Hoax · CLICK HERE 🔰
- Format: paperback, 272 pages
- Author: William Wolman, Anne Colamosca
- ISBN: 9780738208527 (0738208523)
- Release date: April 3, 2003
- Publisher: Basic Books
- Language: english
About The Book
According to business and finance journalists Bill Wolman and Anne Colamosca, the American public has been hoodwinked: 401(k)s, the most popular mechanism for retirement investing, were established to satisfy corporate, not individual, interests. They are replacing defined benefit-pension plans at an alarming rate and are vulnerable to the vicissitudes of the market, which — if history serves as our guide — is destined for at least a decade of lackluster performance. Drawing on primary historical and contemporary data, Wolman and Colamosca build a compelling case against the 401(k) as a tool for ensuring long-term financial security. They urge individuals and families to diversify their savings and investments, building conservative portfolios that include bonds, high-dividend stocks, and savings. In the process, they explore the colorful social history of our love-hate relationship with the stock market and address many key questions facing any family today, such as: How do I accumulate enough wealth to educate my children and retire comfortably? How secure are my sources of income and how can I anticipate change? Timely and incisive, The Great 401(k) Hoax is guaranteed to inspire debate and action from the water cooler to the boardroom to the voting booth.
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