PearlyBooks

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Today's 401(k) account investors are looking for authoritative answers and reassurance. Elizabeth Opalka, a tax attorney who monitors federal legislative and regulatory developments daily, provides both. The recent corporate accounting scandals and a stock market roller coaster ride put many of retirement plans on hold. We know now that 401(k) investing isn't foolproof. Congress enacted the most important investor protection law since the 1930s, yet there are limits to what the new law can do to protect 401(k) accounts. This book emphasizes the benefits of 401(k) accounts while paying special attention to risk tolerance, diversification, and the factors that 401(k) plan participants should consider in allocating their retirement savings across their investment options. It also includes information about how 401(k) accounts may fare in the hands of tax collectors, divorce lawyers, and heirs and explains the steps to take now to minimize the damage in each of these scenarios.