Highlights from this episode include:
- The political fluke that accidentally created the entire 401k plan and the $5 trillion industry that surrounds it ([2:25])
- What professional investors do, and how to avoid losing it all when the next “dot-com bubble” rolls around ([5:05])
- The difference between “smart money” and “dumb money” and how not to go broke figuring it out ([5:32])
- These three foundational building blocks make up the world’s most secure retirement plans. How many do you have? ([6:34])
- This part of the 401k code could legally suppress the balance in your retirement account, forcing you to work until you die ([7:49])
- The insidious lie you’ve been told about employer-matching contributions and why they aren’t really “free money” ([8:54])
- These options can make your company’s 401k plan a goldmine… or a money pit. Make sure you get it right. ([12:01])
- These hidden penalties are increasing the cost of college for parents who are just trying to do the best for their children ([16:30])
- How your 401k steals control of your finances from you ([21:31])
