THE NEW RULES OF RETIREMENT SAVING • E
have given up all together. The rest of you do it out of obligation, but not with any measurable satisfaction. This book is a guide to breaking that cycle.
Yes, I’m Talking to YOU Are you saving in a 401(k) or IRA? Great job! You’re doing more than many Americans. I know it’s tempting to say, “This book isn’t for me. I already know what I’m doing.” But this book is for you. It’s for every saver who has been mis- led by what’s popular in today’s savings market, with little regard for whether what’s popular is also what’s successful. So, before we begin, let me say: I am talking to you. I promise. If you’re like the vast majority of savers today, no matter how smart you are, you’re saving under the old rules. The Old Rules of Retirement Saving Save through your employer. Invest in the market. Defer your taxes. Lots of today’s common savings rules were created for a far dif- ferent kind of saver. They were created for savers like my Uncle Irwin. Irwin would be eighty-eight this year, and he did something that is pretty for- eign to most people reading this book: He worked for the same company his entire career. Irwin worked his way up the ranks, from salesman to management and finally to the senior leadership team. As a reward for his decades of loyalty, when Irwin retired, his company gave him a pension. During his later working years, he also saved in a 401(k), which his company matched hand- somely.
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