Valuentum Exclusive Analysis for the Discerning Investor

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Valuentum's subscriber base enjoys reading the latest and greatest investing books. As a result, Valuentum requests and receives business and investing books before they are officially released. Our editorial staff took a look at the following book, and here's what we thought after reading it:

IRAs, 401(k)s & Other Retirement Plans: Taking Your Money Out
By Twila Slesnick and John Suttle. NOLO, 2011. 390 p. ISBN 978-1-4133-1393-2.
Book Release Date: July 6, 2011

In the 10th edition of this NOLO guide, Slesnick (an Enrolled Agent who specializes in tax and investment planning) and Suttle (attorney and CPA) attempt to break down this complicated process into understandable pieces, complete with the legal and tax implications. Each chapter begins with an explanation of who should read the chapter and who would be better served by skipping ahead. The written descriptions and examples in each section are accompanied by sidebars that highlight important terminology or key tax codes referred to in the chapter. Also interspersed in the chapters are sample tax forms related to specific examples that illustrate how different situations should be handled at tax time to avoid penalties. Appendices include IRS forms, notices, and schedules, as well as life expectancy tables that will be an indispensible resource for those using the book to make decisions about retirement planning and distributions.

Valuentum’s Take: This book is for you if you’re ready to take money out of your retirement accounts. It is a no-nonsense guide to demystifying retirement plans, how and when to take distributions from your accounts – not too early and not too late – and what the tax implications of those distributions are.

Come back to Valuentum to check out the review on our next business and investing book!