Take Control with Your 401 (k): An Employee's Guide to Maximizing Your Investments

The Economic Growth and Tax Relief Reconciliation Act of 2001 will have far-reaching effects on two popular retirement savings plans: the IRA and 401(k).

As employees shoulder more responsibility for retirement investing, many enroll in their employers’ 401(k) plans without adequate information to build long-term security. Detailing the benefits and values of 401(k) plans in straightforward language, retirement program expert David L. Wray has put together a comprehensive guide for employees. Wray provides clear and thorough answers to such questions as:

• What are the advantages of participating in 401(k) plans?

• How do employers’ roles and contributions impact the most successful 401(k) plans?

• How will the 2001 tax bill affect 401(k) plans?

• How can investing early make a difference?

• What should investors do as they approach and move into retirement?

From responding to current market conditions to understanding recent tax law modifications governing 401(k) plans, this is the must-have reference for every employee.

David L. Wray is a leading authority on 401(k) plans and retirement programs and currently serves as president of the Profit Sharing/401(k) Council of America (PSCA), the organization instrumental in getting 401(k) legislation onto the books in 1978. Wray is a nationally recognized authority on defined-contribution plan issues and is a highly visible advocate in the financial media, often commenting on the state of savings for retirement in the United States.