About 401(k)nowledge

401(k)nowledge: Practical Advice for Retiring on Your Own Terms (National Underwriter 2008) is the definitive “how to” guide that shows people how prudently managing a 401(k) plan can lead to financial comfort during retirement.  J. Michael Scarborough, a leading pioneer in the development of 401(k) advice, shows the reader how using the “Ten Steps to 401(k) Success” can help make the average 401(k) investor more comfortable in their retirement.

Full of real stories of 401(k) investing, Scarborough puts you in the shoes of other investors who have either successfully managed their 401(k) to retire happily or mismanaged their 401(k) assets and are paying the price.  Either way, you are able to relate to the stories and see how your current management (and mismanagement) of this important savings vehicle can make, or break, your retirement.

The Ten Steps to 401(k) Success covered in the book, include:

1. Participation
2. Determine Investor Profile
3. Allocate Appropriately
4. Limit Exposure To Company Stock
5. Reallocate Tactically
6. Don’t Panic
7. Know Plan Options
8. Borrow Judiciously – If At All
9. Consider Tax Consequences
10. Balance Need For Income & Growth