Welcome to episode 45 of Curiosityness. I am Travis DeRose, the host, and on this episode I have on

the father of the 401k. Um, his name is Ted Benna. He's sort of warmed up to that title,

but he doesn't super love it. But it's true. He did, you know, kind of create the 401k as we know it

today back in 1979. So we talk about that whole story about how he kind of came up with the idea

and what it was originally used for. But I mean, just quickly, the 401K is, it's basically a

contribution retirement plan that allows everything to happen kind of

pre-tax so it's we get into and all this kind of stuff and then um ted talks about why it may not

necessarily be the best thing anymore and how there's kind of different structures that work better

and um especially if

you're a small employer so we talk a lot about that and it's a very very interesting conversation

I think you're really going to appreciate it and learn a lot because everybody has retirement stuff

even self-employed and everything like myself so I highly recommend it we get We get into, you know, it gets detailed,

but Ted does a good job of doing a high level, you know, overview of things and keeping it

understandable without getting into like the super detailed stuff. And that's it. I think you're

going to like it. And it's a really important episode to listen to and to think about this stuff.

So without further ado, here is Ted Benna, the father of the 401k.

And boom, we're going.

How are you doing, Ted?

Hey, Travis, I'm doing great.

Nice to be with you today.

Yeah, it's kind of exciting to talk to you.

You're the father of the 401K.

...