The Resource The 401k conspiracy: : how companies and employees are being robbed by Wall Street as the government looks the other way, Bryan Binkholder, Jim Winkelmann, (ebook)

The 401k conspiracy: : how companies and employees are being robbed by Wall Street as the government looks the other way, Bryan Binkholder, Jim Winkelmann, (ebook)

Label
The 401k conspiracy: : how companies and employees are being robbed by Wall Street as the government looks the other way
Title
The 401k conspiracy:
Title remainder
how companies and employees are being robbed by Wall Street as the government looks the other way
Statement of responsibility
Bryan Binkholder, Jim Winkelmann
Creator
Contributor
Subject
Language
eng
Summary
The current retirement system is broken. With the demise of pension plans and the uncertainty of Social Security, the 401(k) is essential to the American public's retirement, now more than ever. The problem is, if you are one of the over 70 million people counting on your 401(k) to meet your future financial needs, you are likely in for a shocking discovery. Most of the 401(k) plans are not set up for the participant's benefit, but instead, the financial salespeople, insurance agents, mutual funds, unions, employers and lobbyists gain. While the average American is looking for a practical, uncomplicated retirement plan that will deliver what it promises, what we currently have is a plan loaded with fees and investment products designed to siphon money out of unsuspecting investor's pockets. As Senator Fitzgerald (R-IL) noted in 2003, "The mutual fund industry is now the world's largest skimming operation-a 7 Trillion Dollar trough from which fund managers, brokers, and other insiders are steadily siphoning off an excessive slice of the nation's household, college and retirement savings." But, the great part is, we live in a country where positive change can occur! In this hard-hitting and revealing book, Bryan C. Binkholder and James A. Winkelmann examine what is wrong with the current system, how we got here, the investments that are commonly used to extract money from plan participants and what can be done to radically improve the 401(k) program with a combination of old-school pension plan design coupled with 401(k) rules. The future of the 401(k) will no longer be marked by unscrupulous financial salespeople ravaging worker's retirement accounts with sophisticated investment schemes and participants destroying their own future through their uncontrolled emotional investment behavior. Instead, every member in a company 401(k) plan will have access to the same low-cost investment used by large pension plans, coupled with plan designs that everyone from the bottle washer to the president of the company will participate in. By utilizing the future of 401(k) plans, better known as The Trustee Directed 401(k) Plan, workers and employers will once again be working together to create optimal outcomes and success
Cataloging source
Midwest
http://library.link/vocab/creatorName
Binkholder, Bryan
Dewey number
332.024/014
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • Winkelmann, Jim
  • hoopla digital
http://library.link/vocab/subjectName
  • 401(k) plans
  • Retirement
  • Pensions
  • Corporations
  • Electronic books
Target audience
adult
Label
The 401k conspiracy: : how companies and employees are being robbed by Wall Street as the government looks the other way, Bryan Binkholder, Jim Winkelmann, (ebook)
Link
Instantiates
Publication
Color
multicolored
Dimensions
unknown
Extent
1 online resource
Form of item
  • online
  • electronic
Governing access note
Digital content provided by hoopla
Isbn
9781937545024
Isbn Type
(electronic bk.)
Publisher number
MWT11747815
Specific material designation
remote
Stock number
11747815
System control number
MWT11747815
System details
Mode of access: World Wide Web
Label
The 401k conspiracy: : how companies and employees are being robbed by Wall Street as the government looks the other way, Bryan Binkholder, Jim Winkelmann, (ebook)
Link
Publication
Color
multicolored
Dimensions
unknown
Extent
1 online resource
Form of item
  • online
  • electronic
Governing access note
Digital content provided by hoopla
Isbn
9781937545024
Isbn Type
(electronic bk.)
Publisher number
MWT11747815
Specific material designation
remote
Stock number
11747815
System control number
MWT11747815
System details
Mode of access: World Wide Web

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