The Truth About Securing Your Retirement with IRAs: The Essential Truths in 20 Minutes

by Steve Weisman

Overview

All you need to know about every IRA, every 401(k)…even HSAs, and more!

· The truth about getting the most benefits at the lowest cost

· The truth about avoiding the pitfalls that can kill your retirement

· The truth about choosing the best strategies for you--and your kids

The Truth About Protecting Your IRAs and 401(k)s arms you with the up-to-the-minute knowledge you need to build your retirement income, as you reduce your costs, taxes, and risks! Consumer finance expert and nationally syndicated radio host Steve Weisman offers 48 quick, bite-size, just-the-facts information about every type of tax-advantaged retirement investments: self-directed, stretch, SIMPLE, SEP, Roth, and spousal IRAs, 401(k)s, and more. You'll find up-to-the-minute guidance on avoiding pitfalls that can cost you a fortune…choosing the right retirement strategies for both you and your heirs…planning retirement investments when you’re a married or unmarried couple…widening your 401(k) investment options…and much more. Like every book in The Truth About Series, this book distills all the essential knowledge you need on a topic...presents it clearly, simply, and quickly, with an “a-ha!” on every page...and shows exactly how to put it to work in your daily life. Easy to read, easy to use, it’s all you need to gain retirement security--and protect it for the rest of your life!

Product Details

ISBN-13:	9780137040629
Publisher:	Pearson Education
Publication date:	06/25/2009
Sold by:	Barnes & Noble
Format:	eBook
File size:	161 KB

About the Author

Steve Weisman is Senior Lecturer at Bentley College in the department of Law, Tax, and Financial Planning. He has also taught courses on financial planning at the University of Massachusetts, Curry College, and Boston University. He is a host on the nationally syndicated radio show “A Touch of Grey,” heard on more than 50 stations, including NYC’s legendary WABC and KRLA Los Angeles. A member of the National Association of Elder Law Attorneys, Steve is legal editor and a columnist for Talkers Magazine and writes for publications ranging from The Boston Globe to US Air. His books include Boomer or Bust, The Truth About Avoiding Scams, and The Truth About Buying Annuities. Weisman has earned a Certificate of Merit for legal journalism from the American Bar Association.

Table of Contents

Truth 1: IRA 1

Truth 2: Let’s get it started (IRA style) 5

Truth 3: Minimum required distributions 9

Truth 4: Beneficiary designations 13

Truth 5: Withdrawal pains 17

Truth 6: Spousal IRA 21

Truth 7: Inheriting an IRA.25

Truth 8: Roth IRA for children 29

Truth 9: IRA conversions 33

Truth 10: Stretch IRA 37