401(k)s & IRAs For Dummies book cover

401(k)s & IRAs For Dummies

By: Ted Benna and Brenda Watson Newmann Published: 10-26-2021

From the basics down to investing, get the most out of your 401(k) and IRA in any economic environment 

When you’re ready to start setting aside (or withdrawing) money for your retirement—whenever that might be—401(k)s & IRAs For Dummies is here for you! It covers both types of retirement plans because they each have valuable tax benefits, and you may be able to  contribute to both at the same time. With the practical advice in this book, you learn how to manage your accounts, minimize your investment risk, and maximize your returns. Sounds like a win-win, no matter your situation or where you’re at in life. 

Written by a well-known expert and ‘father of the 401 (k)’ , Ted Benna, 401(k)s & IRAs For Dummies helps you keep up with the ever-changing rules surrounding both retirement plans—including the rules from the SECURE and CARES Acts—and avoid the mistakes that can lead to higher taxes and penalties. Additional topics include: 

  • Tax strategies before and after retirement 
  • Required distributions and how much you need to take 
  • Penalties for taking money out early and how to avoid them 
  • What happens to your or your spouse’s retirement plan after death or divorce 
  • The rules for taking money out of an inherited plan 
  • Methods for calculating required minimum distributions 
  • Special tax benefits for conversions to Roth IRAs 
  • How to recharacterize IRA or Roth contributions 
  • Why IRA based plans are a better options for many small employers
  • Helping solo entrepreneurs and other small businesses pick the right type of plan

Whether you’re just starting to think about a retirement plan, planning when to retire, or you’re facing retirement, you’ll find useful and practical guidance in 401(k)s & IRAs For Dummies. Get your copy today! 

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401(k)s and IRAs For Dummies Cheat Sheet

Cheat Sheet / Updated 10-01-2021

When you’re ready to start setting aside (or withdrawing) money for your retirement — whenever that might be — take a look at the valuable benefits of each of these types of retirement plans. Consider investment recommendations including bundling, pre-tax contributions, and how life circumstances may change your opportunities.

View Cheat Sheet