The 401(K) Millionaire

How I Started with Nothing and Made a Million and You Can, Too

By Knute Iwaszko; Brian O'Connell
(Villard, Paperback, 9780812991864, 249pp.)

Publication Date: December 15, 1998

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Description

"If you, a regular Joe like me, are not a movie star or an overpaid professional baseball player or a lottery winner or a high-powered executive, what are your chances of becoming a millionaire? Better than you think--much better. And you don't have to strike oil to do it. The secret? It's not glamorous, but it is simple, and almost foolproof, because the math is in your favor. It's my story, and the story of others who are quietly amassing 401(k) fortunes--and the simple plan to make your story my story. "

A surefire plan for financial independence--through bull and bear markets.

Knute Iwaszko--by turns a chemist, a salesman, and an innkeeper--made a million dollars without robbing a bank, without an inheritance, and without a Silicon Valley startup. He made it in a reliable but thoroughly new-fashioned way: by maximizing the potential of his 401(k) plan--and now he's going to tell millions of people how they, too, can become millionaires. This book will thoroughly explain the ins and outs of how 401(k) plans work, including tax benefits, contribution requirements and limits, withdrawal limitations, and risk management--and then fully describes "Knute's Unbeatable, Unbreak-able Rules for Making It to a Million": a foolproof formula that gives readers a step-by-step regimen for maximizing the potential of their 401(k) plans.

With simple, accessible language and clear, detailed steps for financial success, The 401(k) Millionaire is required reading for anyone who wants to make the most of his or her money.

"If you follow my five simple rules for 401(k) investing, there's no doubt in my mind that you can end up a 401(k) millionaire, too. Allow me to demonstrate how it's done . . ."

401(k) millionaire Knute Iwaszko's practical, surefire plan for financial success includes such topics as:

How I Became a 401(k) Millionaire

The 401(k): Your Personal Money Machine

The Perils of Procrastination

Maxing Out: More Money for You--and Less for Uncle Sam

Learning the Ropes: Your Inner Savvy Investor

Be Aggressive: Your Retirement Depends on It

Knute's Recipe for Success




About the Author

Knute Iwaszko has been a chemist, a salesman, and an innkeeper--and now manages his investment portfolios from the home he shares with his wife at the Jersey shore.

Brian O'Connell writes on business and personal finance for TheStreet.com, Financial Planning, the Bos-ton Herald, and Investor Relations, among other publications. He has worked with leading financial planner Jonathan Pond on The New Century Family Money Book, as well as on articles, newsletters, and television and radio projects. He lives and works in Framingham, Massachusetts.

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