Not Your Average Financial Podcast™

Episode 356: Your 401(k) Will Be Gone within a Decade

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In this episode, we ask:

  • What lasts forever?
  • What could be happening right before our eyes?
  • What did the February 2024 Bloomberg article say?
  • How old is a 401(k)?
  • Are we still living through the great experiment of a 401(k)?
  • Is it forced?
  • Who is going with the flow?
  • Is it just automatic and easy?
  • What’s the point?
  • Why are many people starting to scrutinize 401(k) accounts?
  • What will happen?
  • What about the tax benefits?
  • Why bother at all?
  • What are you agreeing to?
  • What about the book 401 (not) Ok?
  • Do you want anything on this list?
  • What is sacrilegious?
  • Is that money all yours?
  • How much is in a 401(k)?
  • How much of that belongs to the owner?
  • What about the vesting trap?
  • Who else gets a portion?
  • Are tax rates going down?
  • Is it “monopoly money”?
  • What is a ticking time-bomb?
  • What’s the solution?
  • What are employer sponsored liquid accounts?
  • What about penalty?
  • What about liquidity?
  • What are the taxes?
  • What about the gains?
  • How is this different from a Bank on Yourself® type whole life insurance policy?
  • What do studies show?
  • What about automatic employer contributions?
  • Would you like to speak with Mark?
  • Is it easy to withdrawal money from a retirement account?
  • What is gone?
  • What is a downfall?
  • Does the money stop growing?
  • What continues to grow?
  • What about big life expenses, like paying for college?
  • Is there a vesting schedule with the Bank on Yourself® type whole life insurance policy?
  • What grows tax-deferred?
  • What represents real wealth?
  • What is locked in, even when the market takes a crash?
  • How old is the Bank on Yourself® type whole life insurance policy?
  • Why do we keep using a 401(k) for retirement planning?
  • Would you like to hear Episode 9? Is it time to retire your 401(k)?
  • Would you like to hear Episode 10? Your 401(k) – who is benefiting the most?
  • Would you like to hear Episode 11? A 401(k) – How’s that working out for you?
  • What are the takeaways?
  • What is the true cost?
  • Would you like to meet with Mark or an associate?

    • ...more
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