Common Financial Sense: Simple Strategies for Successful 401(k) & 403(b) Retirement Plan Investing

by Harris Nydick, Greg Makowski

The decisions you make about your 401(k) or 403(b) plan today will have a huge impact on your life tomorrow. Your future isn’t going to pay for itself. Common Financial Sense will give you the knowledge you need to fund the retirement you deserve. Common Financial Sense helps you to better understand your 401(k) or 403(b) plan and how to save smarter for your retirement. Common Financial Sense lays out the basics of 401(k) and 403(b) planning in simple, easy to understand language. With the guidance of nationally recognized investment experts Harris Nydick and Greg Makowski, you’ll learn how Choose the investments best suited for you Make other important choices that are appropriate to your stage of life Identify common misconceptions about retirement planning Calculate the optimum amount to save each year Be calm in the face of market fluctuations Get to retirement with a large enough nest egg When it comes to investing for your future, many people don’t even know where to begin or what questions to ask. Common Financial Sense is your starting point.

Genres: Nonfiction, Finance

172 pages, Kindle Edition

Published April 23, 2018

Reviews

[Nancy]

Not based in reality for most Americans. One example shows someone age 25 earning $45K per year and increasing by age 40 to earning $142K per year based on 3% annual raises. This author apparently is not aware of the reality of low starting wages, stagnating and decreasing wages, nor higher mandatory standard of living costs that limit the amount of money you have freed up for retirement saving. He says these are just excuses based on fear, not the reality of not having enough money to pay for a home and raise children. I have never gotten a 3% raise per year. I am lucky to get a 1% raise if that. I'm already as frugal as can be. And he expects me to find 15% of that stagnant income to fund retirement. Ha. He needs to base his information on reality. His book is geared more for a teenager just learning about how to invest for retirement, as opposed to an adult who really is in the thick of trying to figure it out.

[Amanda Calvo]

Couldn't have came in at a better time! I just hit my one year anniversary at my job, and newly eligible for our 401(k) plan. My fiance encouraged me to read Common Financial Sense, and not only do I feel more confident in my investment selection, but I feel relieved knowing how attainable achieving financial freedom is. HYPFTIR, if you don't know what it means then you really need to read this book!

[Bonnie Gaither]

Good read

I enjoyed this book. It was in simpler terms than previous books I have read and wasn’t as depressing for those who have gotten a (very) late start in the retirement game.

[Emily]

Worthwhile read!

Informative, relatable, useful! Well done! This is a guide to wealth management that is clear and understandable and makes sense for everyone to read!

[Carol]

Received as a GoodReads giveaway. A good overview of retirement investing, pretty easy to read and comprehend. It would be most useful for younger or newer investors.

[Anthony Messina]

A simple read that tries to demystify the magic of retirement plans. Worth your time if you're just starting out or need a refresher.

[Hunter Miller]

“Do or do not, there is no try.” Very quick read full of advice that everyone should know before starting their career.

[Kaylee Dolat]

During some parts of this book I found the author to be speaking in terms and colloquialism that the regular Joe may have difficulty comprehending. I just wanted help in understanding my 401k plan.

[Annie Brown]

401k