Stop the Retirement Rip-off: How to Avoid Hidden Fees and Keep More of Your Money

by David B. Loeper

Saving for retirement is a difficult task, especially during these challenging economic times. Individuals who participate in their retirement plans are being charged billions in fees annually—and no one is looking out for their best interests—even though the laws say both plan sponsors and employers should be held responsible for acting in their employees’ best interests. The fact is that unless individuals are willing to stand-up and secure their financial future, they’re likely to face less money in their retirement plan accounts and have to work longer to accumulate the funds they need for retirement. In Stop the Retirement Rip-off, author David Loeper provides the necessary tools for readers to take action and make the most of their retirement plans. It offers a road map for employees to understand the fees and costs associated with their plans; as well as improve their standing within their company by proactively helping their employer to take needed action. The book features a non confrontational positive approach to bringing your retirement plan problems to the attention of your employer. Written in a straightforward and accessible style, Stop the Retirement Rip-off provides readers with sensible strategies for making the most of their retirement funds, and will put them back in control of their financial future.

222 pages, Paperback

First published March 23, 2009

Reviews

[Ethan Fleck · Rating 3 out of 5]

This is a very interesting side of all of our retirement plans that I honestly didn't even think about until I read this. I agree with the author that many different people are likely getting ripped off by their employer, and after reading this book, it has given me enough motivation to do some checking and investigating into my own retirement fund.

About 3 weeks after I read this book, low and behold I got a letter in the mail from my Goldman-Sachs retirement plan! Rather than toss this into the pile, or heaven forbid, throw it away. I am now interested in seeing how my plan fairs.

While I don't necessarily agree with all of the author's ideas to bring this up to your employer (Are you really going to buy a copy of the book to give to HR?!?! C'mon...), I like the notion that it's now easier to understand just what your plans are costing. A star off for his seemingly old-school methods and another for the fact that I didn't have my plan's info at the time I read this, so I'm not sure if this was useful or not.

[Deborah · Rating 2 out of 5]

A bit repetitive, the investment rip-off was better