Here's how to tell if your 401k sucks. Anytime I talk about the

downfalls of the popular retirement plan, the 401k, there's always a few people in the

comment section protesting. You're one of those lucky few that has been able to

build a large retirement savings inside of a 401k. That great good for you but unfortunately this isn't

the norm most people who put money into a 401k aren't able to save enough to fund

a comfortable retirement end End of story.

There are many reasons why the 401k fails investors.

And I have plenty of videos I can direct you to

if you'd like to learn more about this.

Educate yourself on it.

But if you're squirreling your extra dollars

in a 401k, blindly wondering

if it'll be enough for retirement,

today's show is for you.

We're going to cover a few ways that you can tell if your 401k sucks.

So let's get into it. Number one, high fees. If your 401k plan is riddled with high fees,

your plan administrator is undoubtedly taking advantage of you.

And if you're thinking, hey, I don't even know what types of fees I'm paying in my 401k plan,

then yeah, you're not alone.

A 2021 report released by the Government Accountability Office, the GAO, found that nearly 40% of Americans

don't fully understand the fees in their 401k is, and I think that number is probably very, very low.

Even worse, 41% of investors don't even know their 401k

...