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Stop the 401(k) Rip-off!: Eliminate Costly Hidden Fees to Improve Your Life
By David B. Loeper
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Demand This Book From The HR Department
What is the best way to “stop” the “rip-off?” One way is to find an alternative to the 401 itself. Perhaps “Stop the 401K rip-off” by David Loeper is garnering some deserved sales recently. Possibly because the financial markets are in a cyclical slump, and many Baby Boomer 401K holders are getting out their calculators. This book should lead some (not all) to question whether they should have the 401K plan at all to begin with. We know the tax benefits, but there are limitations of investment options, age restrictions, and hidden expenses (fees) that erode a worker’s earnings over decades and limit allocation options.

The 401K is one piece among many investments in the retirement puzzle. This puzzle is shrinking, and retirement will be an illusion for tens of millions that will rely on the balance of the 401. Of course, the old adage of “diversification” is needed but some people are using other vehicles in their attempts attain critical mass or sufficient funds for living expenses in the latter years. And, what percentage of the 401K will be used for medical care? Pharmaceutical (medicine) costs? More than many think.

Yes, there is employer matching for some, but 401K plans are dishonest and limited. Some feel even more secure investing into the S & P 500 Index funds that are non-tax deferred.

The 401K plan has been intentionally engineered to steal from and cheat the worker. Congress has allowed this to happen. The lack of knowledge and ignorance has been engineered as well. The more ignorant workers with 401Ks are, the easier it is to profit via hidden fees.

Loeper tells us how to “stop the 401K rip-off.” The gravy train of hidden expense theft is the foundation of the plan. The only way to stop the institutional and legally thievery is to stay in your plan and know *everything* about your plan, or to dump it and use alternatives. This is a good point with specifics.

2 key assets to this book. Exposing it and then advising on how to take actions. Loeper explains the “whats” of the 401 and also the “hows” of trying to reduce fees, fee disclosure, and offers points on getting in and out of these plans in the most optimum way. This book is necessary, but why should it be? Because of the systematic plan to separate as much of an American worker’s money from him or her as possible.

“Stop the 401K rip-off” by David Loeper ought to be handed out by HR departments across the country when employees enroll in their 401K plans.

The winner’s manual for the 401(k) game
Dave Loeper exposes the dark, hidden and arguably unscrupulous (yet legal) ways 401k participants have been (and continue to be) robbed. More significantly he gives you the knowledge to fix this injustice. Read this book and act on it or prepare to cry about it during your retirement or lack thereof.
From my experience as a retirement plan consultant, investment advisor and independent fiduciary; it is a sad commentary that almost every employer I meet isn’t even aware of the basic retirement plan issues (let alone the remedies) highlighted in this book.
After reading this book you will know more than your employer about your broken 401k plan, more importantly, you will have the blueprints to help them fix it.

Every American should read
My name is Matthew Hutcheson. I’m an independent pension fiduciary, and have studied retirement plan economics for over fifteen years. Every American worker with a 401(k) (or a 403(b)/457 for that matter) should put this book on the top of their reading list. The information contained in this book could be worth many thousands of extra retirement dollars to you down the road. Mr. Loeper should be congratulated on one of the most important and practical retirement books of the decade.