Rating: 5 out of 5 stars
5/5
About this ebook
Contributing the maximum amount to your 401K has become the “holy grail” of the financial services industry. Several recent studies suggest that not everyone should max out their 401K. This short story explores whether or not you should max out your 401K.
Author
Dale Maley
Dale C. Maley is the author of the 19999 book Index Mutual Funds: How to Simplify Your Financial Life and Beat the Pros. He is also a contributing author to Chapter 18 Seeking Help from Professionals in the 2009 book The Bogleheads Guide to Retirement Planning. He is a very successful private investor who has been a student of Financial Planning and Investing for over 30 years. He was trained as an engineer at the University of Illinois and has been a practicing engineer for 32 years. His accomplishments as an engineer include the granting of 16 U.S. Patents and authorship of over 500 professional technical papers. He is also a member of the International Society of Automotive Engineers and the Society of Manufacturing Engineers. He also has earned an MBA (Masters Degree in Business Administration) degree from Illinois State University. His background in mathematics, engineering, and business provides him with the excellent basis for understanding and teaching investments and financial planning. He is also a very successful investor who has been investing in common stocks and mutual funds since 1980. He has also personally invested in both 401(K) and IRA plans, so he is familiar with participation and management of these types of investments. He has been investing in indexed common stock mutual funds since 1990. Dale became a Registered Financial Advisor in the State of Illinois in 2006 and is currently launching his business as a fee-only financial planner. He is President of Maley Financial Planning LLC.
Read more from Dale Maley
Financial Planning for Medical Doctors Be Very Wary of Equity Indexed Annuities Rating: 0 out of 5 stars0 ratingsHow Can I Retire If I Am 62 and Broke? Rating: 0 out of 5 stars0 ratingsHow Asset Allocation Can Help You Achieve Your Financial Goals Rating: 5 out of 5 stars5/5How to Build a Fascinating Ratcheting Wood Model Rating: 0 out of 5 stars0 ratingsHow Would Have a Low-Cost Index Fund Approach Worked During the Great Depression? Rating: 0 out of 5 stars0 ratingsDo I Need a Letter of Instruction for My Heirs? Rating: 0 out of 5 stars0 ratingsWhat are the Requirements for Becoming a Financial Planner? Rating: 0 out of 5 stars0 ratingsHow to Read Your Way to Financial Wealth Rating: 0 out of 5 stars0 ratingsHow to Use Psychology to Achieve Your Financial Goals Rating: 0 out of 5 stars0 ratingsRules of Thumb or Retirement Planning Software? Rating: 0 out of 5 stars0 ratingsIs Portfolio Rebalancing Worth It? Rating: 0 out of 5 stars0 ratingsShould Municipal Bonds be a Tool in Your Retirement Planning Toolbox? Rating: 0 out of 5 stars0 ratingsDo I Need an Investment Policy Statement? Rating: 4 out of 5 stars4/5Are 529 Plans Really the Best Way to Save for College? Rating: 0 out of 5 stars0 ratingsHow Do I Estimate Retirement Living Expenses? Rating: 0 out of 5 stars0 ratingsHow Do You Know When We Are In A Financial Bubble? Rating: 0 out of 5 stars0 ratingsHow Do I Maximize Retirement Income From My Portfolio? Rating: 0 out of 5 stars0 ratingsDo I Need Umbrella Insurance? Rating: 0 out of 5 stars0 ratingsShould Immediate Annuities Be a Tool in Your Retirement Planning Toolbox? Rating: 0 out of 5 stars0 ratingsWill Reverse Mortgages be the Salvation of Baby Boomer Retirees? Rating: 0 out of 5 stars0 ratingsWho Wins the Variable Annuity Versus Mutual Fund Battle? Rating: 0 out of 5 stars0 ratingsWhy We Don't Save Enough for Retirement and How You Can Save More Rating: 5 out of 5 stars5/5How to Invest for Retirement After the Crash of 2008 Rating: 0 out of 5 stars0 ratingsFire Your Over-Priced Financial Advisor and Retire Sooner Rating: 5 out of 5 stars5/5Do I Need Long-Term Disability Insurance? Rating: 0 out of 5 stars0 ratingsWhat Is The Optimum Method to Convert a Retirement Portfolio Into Income? Rating: 0 out of 5 stars0 ratingsFrequently Asked Questions About ETFs and Index Funds Rating: 0 out of 5 stars0 ratingsContribute to My Bad 401K or Go Taxable? Rating: 0 out of 5 stars0 ratings
Related to Don't Max Out My 401K?
Related ebooks
The U.S. Constitution Rating: 0 out of 5 stars0 ratingsEncyclopaedia Britannica, 11th Edition, Volume 4, Part 4 "Bulgaria" to "Calgary" Rating: 0 out of 5 stars0 ratingsContribute to My Bad 401K or Go Taxable? Rating: 0 out of 5 stars0 ratingsGot My First Job and How Do I Handle the 401K? Rating: 0 out of 5 stars0 ratings401(k) Plans Made Easy: Understanding Your 401(k) Plan Rating: 0 out of 5 stars0 ratingsSolo 401(k): The Solopreneur’s Retirement Account Rating: 0 out of 5 stars0 ratingsEmployee Benefits: How to Make the Most of Your Stock, Insurance, Retirement, and Executive Benefits Rating: 5 out of 5 stars5/5Pensionless: The 10-Step Solution for a Stress-Free Retirement Rating: 4 out of 5 stars4/5How to Use Psychology to Achieve Your Financial Goals Rating: 0 out of 5 stars0 ratingsSaving Your Retirement: Will I Have Enough? Rating: 0 out of 5 stars0 ratingsHow to Save and Invest for Retirement Rating: 0 out of 5 stars0 ratingsThe 401K First Aid Kit: Stop Your Portfolio Bleeding and Get Back to Financial Health Rating: 0 out of 5 stars0 ratingsRetirement Planning For Dummies Rating: 4 out of 5 stars4/5Is Saving 10% of My Gross Income Good Enough? Rating: 0 out of 5 stars0 ratingsMutual Fund Small Caps: The Better Choice Rating: 0 out of 5 stars0 ratingsShould My Asset Allocation Include My Pension and Social Security? Rating: 0 out of 5 stars0 ratingsSummary of David McKnight's The Power of Zero, Revised and Updated Rating: 1 out of 5 stars1/5Automatic Passive Income - How the Best Dividend Stocks Can Generate Passive Income for Wealth Building. Rating: 4 out of 5 stars4/5How Much Income Do I Really Need in Retirement? Rating: 0 out of 5 stars0 ratingsRoadmap to Retirement Security: How to Build and Conserve Retirement Wealth Rating: 0 out of 5 stars0 ratingsThe Secrets to Maximizing Dividend Stock Returns Rating: 5 out of 5 stars5/5How Does My Asset Allocation Compare to Everyone Else? Rating: 0 out of 5 stars0 ratingsTime to Catch Up: Powerful Strategies to Accelerate Retirement Funding Rating: 0 out of 5 stars0 ratingsHigh-Yield Bond Reinvestment in Action!: Convert Bond Payments in High Income: Financial Freedom, #73 Rating: 0 out of 5 stars0 ratings7 Reasons to Become an Income Investor: Financial Freedom, #214 Rating: 0 out of 5 stars0 ratingsRetirement Strategies For Millennials: A Simple and Practical Plan for Retiring Early Rating: 0 out of 5 stars0 ratingsLearning to Adult: A Millennial’s Guide to Personal Finance Rating: 0 out of 5 stars0 ratingsSetting Sail for the 4th Quarter of Life Rating: 0 out of 5 stars0 ratingsShould Immediate Annuities Be a Tool in Your Retirement Planning Toolbox? Rating: 0 out of 5 stars0 ratings
Personal Finance For You
Taxes For Dummies: 2024 Edition Rating: 0 out of 5 stars0 ratingsLegal Loopholes: Credit Repair Tactics Exposed Rating: 5 out of 5 stars5/5Rich Dad Poor Dad Rating: 5 out of 5 stars5/5The Psychology of Money: Timeless lessons on wealth, greed, and happiness Rating: 5 out of 5 stars5/5Die With Zero: Getting All You Can from Your Money and Your Life Rating: 4 out of 5 stars4/5Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes Rating: 5 out of 5 stars5/5The Millionaire Next Door Rating: 4 out of 5 stars4/5Financial Feminist: Overcome the Patriarchy's Bullsh*t to Master Your Money and Build a Life You Love Rating: 4 out of 5 stars4/5Summary of R. Nelson Nash's Becoming Your Own Banker Rating: 0 out of 5 stars0 ratingsThe Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing Rating: 4 out of 5 stars4/5Principles: Life and Work Rating: 4 out of 5 stars4/5The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns Rating: 4 out of 5 stars4/5Personal Finance For Dummies Rating: 4 out of 5 stars4/5Investing For Dummies Rating: 4 out of 5 stars4/5Get the Hell Out of Debt: The Proven 3-Phase Method That Will Radically Shift Your Relationship to Money Rating: 5 out of 5 stars5/5Rich Dad's Cashflow Quadrant Rating: 4 out of 5 stars4/5Same as Ever: Timeless Lessons on Risk, Opportunity and Living a Good Life Rating: 5 out of 5 stars5/5Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! Rating: 5 out of 5 stars5/5Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple Rating: 5 out of 5 stars5/5Money. Wealth. Life Insurance. Rating: 5 out of 5 stars5/5Win In Court Every Time Rating: 5 out of 5 stars5/5We Should All Be Millionaires: A Woman’s Guide to Earning More, Building Wealth, and Gaining Economic Power Rating: 4 out of 5 stars4/5Happier Hour: How to Beat Distraction, Expand Your Time, and Focus on What Matters Most Rating: 4 out of 5 stars4/5Money Hacks: 275+ Ways to Decrease Spending, Increase Savings, and Make Your Money Work for You! Rating: 4 out of 5 stars4/5Main Street Millionaire: How to Make Extraordinary Wealth Buying Ordinary Businesses Rating: 0 out of 5 stars0 ratings
Related podcast episodes
299 | What's Stopping You from Reaching FI?: Live Radio Podcast on Stereo | Pt 1 0% found this document usefulFINANCIAL PLANNING: The Danger Lurking In Your 401k Plan That Could Derail Your Financial Future with Josh Robbins 0% found this document usefulWhat's Better - Roth or Traditional 401k (or IRA)? 0% found this document useful273 | What's an Emergency?: Roth IRA's with Sean Mullaney 0% found this document usefulTaking Control of Your Pension with Hutch Hutchinson Transformative Principal 617 0% found this document usefulWhat Tax-Efficient Investment Strategies Exist After I Max My 401(k)? 0% found this document usefulYour Dream Retirement Might Hinge on This One Choice, featuring Katie Gatti Tassin, host of Money with Katie 0% found this document usefulHow to Pay Yourself 0% found this document useful10.4.19 Cheaper 401k plans for small businesses; Clark Stinks: Cheaper 401k plans for small businesses; Clark Stinks 0% found this document useful467: Switching Jobs, Becoming a Landlord, and Investing vs. Paying Off Debt 0% found this document useful
Reviews for Don't Max Out My 401K?
Rating: 0 out of 5 stars
0 ratings
0 ratings0 reviews
Book preview
Don't Max Out My 401K? - Dale Maley
Enjoying the preview?
Page 1 of 1