The Retirement Decision: Achieve Financial Independence with Your 401

by Mike Rose

45 million Americans participate in company sponsored 401(k) plans. These workers are diligently saving and investing for their anticipated retirements as the country quietly moves away from the old world of comprehensive government guardianship to a more modern notion of “ownership society.” Responsibility for financial security in retirement is shifting subtly away from the collective and toward the individual.

This impending “ownership society,” like any new frontier, is rife with meaningful opportunities as well as pronounced risk. Redistributing wealth back to the individual will unquestionably produce mixed results. Some workers will very likely experience much prosperity while others may get left behind as they encounter unforeseen hazards along the way. One factor, however, appears indisputably employee education will emerge as a major determinant as to whether workers prevail or fail in their efforts to become financially secure in retirement.

208 pages, Hardcover

First published October 4, 2006

About the author

Mike Rose spent his career in public service, first as a city planner and eventually as a town manager. Mike’s fertile imagination and desire to be a writer started at an early age. Being from a family with an Irish Catholic background, Mike had his share of funny stories and wonderful characters. Add to that nearly 40 years of dealing with the public and elected officials, well, books practically write themselves.

Reviews

[Ben Purnell · Rating 3 out of 5]

I loved the up close look at prominent investors like Benjamin Franklin, Warren Buffett and Charlie Munger.

My critiques would be the author repeated themselves many times over. It felt like they were trying to fill the page many times over. The book was also written in 2006 and some references and otherwise information is out of date and needs revised.

[Matthew Lamb · Rating 3 out of 5]

This is a great book for anyone interested in accumulating wealth through investment vehicles. It is an easy read and avoids useless info; it gets down to the point and is simple and easy to understand. Worthwhile.

[Sam · Rating 5 out of 5]

Excelent book on how to plan for your financial future without the use of a bunch of boring finance terms. Lots of formulas (I like stats).