IRAs, 401(k)s & Other Retirement Plans: Taking Your Money Out

by Twila Slesnick, John C. Suttle

Get your cash out of retirement savings without giving away your nest egg to the IRS!

Perhaps your retirement is on the horizon. Or you're changing jobs. Or are about to turn 70.5 years old....

Whatever is going on with your retirement account, IRAs, 401(K)s & Other Retirement Plans is for you! Make sense of the rules that govern distributions from retirement plans - and avoid the stiff taxes and penalties that lurk in the fine print.

In plain English, this book discusses all common types of retirement plans, including 401(k)s and other profit-sharing plans, Keoghs, IRAs and tax-deferred annuities. It

Genres: Nonfiction, Finance, Business

308 pages, Paperback

First published October 1, 1998

Reviews

[Ryan Jankowski · Rating 4 out of 5]

Overall, a good summary of retirement plans. However, after the SECURE Act, much of the information is no longer accurate (RMDs, non-spousal inherited IRAs, etc). There is currently proposed legislation that will effect even more changes, which might cause books on this subject to postpone updates until that is all resolved.

There is still some utility in reading the book, but it would be best once it is updated.

[Sherry · Rating 4 out of 5]

This book is written in a most frustrating manner BUT it has some really good information about retirement accounts; planning; managing; required distributions; inheritance; taxes and penalties. I learned some information that is extremely helpful.

[Ger]

june 2019 edition is already a bit outdated...such is the tax law. most of it still true but you can't be sure which parts.

[Fiona Baker · Rating 5 out of 5]

Very educational.

[Marshall · Rating 3 out of 5]

I like these NOLO books. They're no-nonsense, thorough, plain English books on legal, tax, and financial subjects, many of which had never before had an accessible book for laymen. They tend to go above and beyond the standard legal understandings, and uncover research of case law and IRS letter rulings. NOLO also has my respect because whenever they cover any subject related to retirement, they always clearly cover the case of early retirement, rather than just assume everyone will retire at the same age.

This book is no exception. There are many books on 401(k) and IRAs, but few that specifically cover so thoroughly the complex legal situations and exceptions of withdrawal from these plans. It becomes kind of a legal maze, but this book breaks it down simply in 200 pages. It covers pretty much every exception I could think of, but unfortunately doesn't cover any of them in much depth. That would take a much longer book, I'm sure. Of course, it could be made shorter, because this book is designed to be easily used as a reference, so it repeats a lot of parts it explained in earlier parts of the book.

[Matt Heavner · Rating 3 out of 5]

Not as good as some of the other NOLO - this one felt quite repetitive. Still useful authoritative information, but less broadly relevant or informative than other NOLO books. Some of the other books felt like good textbooks (place to learn many aspects), this felt more like a reference dictionary - go look up what you need but not worth reading the whole book.

[Tom · Rating 4 out of 5]

This was a good reference guide for the variety of retirement plans, as well as the rules associated with each. You can use it to plan for how best to position your assets in tax efficient accounts in advance of retirement.

[Karl · Rating 5 out of 5]

Exceptionally clear guide to the tax stuff that will happen to you when you retire. Each chapter even tells you if you can skip it (and mostly you can) given your situation. Of course almost none of my friends needs this anytime soon, unless you're an obsessive planner/worrier like me.

[Jennie · Rating 3 out of 5]

I only read part of this book but it was good!

[Galicius · Rating 3 out of 5]

Worth every pennyl. It probably saves you the cost of a consultation with an accountant or CFP.
Skipped chapters that did not pertain to our situation.

[Paul Kim · Rating 3 out of 5]

gets a bit repetitive but I guess that is what it should be for a reference book.

[Janet · Rating 1 out of 5]

Not ready for this yet, and this is now outdated info.