Book Review of Daniel R. Solin’s latest book-

Title and Author: 
The Smartest 401(k) Book You’ll Ever Read by Daniel R. Solin

Synopsis of Content:  
This is the third in a series of “smartest” books written by financial adviser Daniel R. Solin. As usual Solin does not disappoint. He takes a subject that is complex and confusing to the average person and renders it simple and clear.

Here you will find the truth that many others in the financial business will not tell you (because, as Solin points out, it is contrary to their financial interests, not yours). He distinguishes the good from the bad in retirement investing with special emphasis on the 401(k) as well as some other types of retirement funds such as the Roth IRA.

Perhaps the biggest service Solin does for us in this book is to demystify investing and make it accessible to the ordinary man and woman on the street. It does not matter how financially sophisticated you might be, using the basic lessons in this book will advance your chances of having a sound retirement investment portfolio significantly. Of equal importance you will avoid the pitfalls that make brokers and others in the financial industry rich and reduce your retirement savings significantly in the process.

One has to wonder if Mr. Solin’s colleagues in the financial advisor community are still speaking to him after the trouncing he gives them in these books, but all to the ordinary person’s advantage.

My paperback copy of Solin’s books weighs in at just under 8 ounces – without a doubt I can literally say it is worth its weight in gold.

Readability/Writing Quality:  
Very well written. Solin writes clearly and succinctly. He avoids unnecessary technical language making the book understandable by anyone with a basic grasp of English. He summarizes and ends each chapter with a useful encapsulation of the main point of the chapter.

Notes on Author:  
New York Times best selling author Daniel R. Solin is a nationally known advocate for investors and is a Registered Investment Advisor. He provides financial advice as a columnist for AOL’s DailyFinance and the Huffington Post. He has regularly appeared on television programs such as CNN’s Money and Bloomberg TV. He previously authored The Smartest Retirement Book You’ll Ever Read and the Smartest Investment Book You’ll Ever Read.

Related Website: 

http://www.smartestinvestmentbook.com
 
Three Great Ideas You Can Use:  
1. Focus on the expense ratios of your mutual funds – they will make a huge difference in your returns.

2. Invest in Index Funds. Ignore the hype in the financial media. Buy the lowest cost index funds from one f the major fund families.

3. Do not invest a large portion of your 401k plan funds in company stock. Diversification is essential to maximize returns over the long term.

Publication Information:  
The Smartest 401(k) Book You’ll Ever Read by Daniel R. Solin
Copyright by Daniel R. Solin, 2008.
Published by Penguin Group

Rating for this Book
Over all Rating for Book:
Excellent

Writing Style:
Very well written. Easy to follow. Clear and succinct.

Usefulness:
Very useful for anyone planning to retire one day.

Difficulty:
Moderate difficulty due to the subject matter.    

Buy the book here, click below–
Wishing you Success and Prosperity,

Daniel R. Murphy

Wishing you well,

Daniel R. Murphy
Educating people for building wealth, adapting to a changing future and personal development.
www.danielrmurphy.com
www.books2wealth.com