This is terio media.

I've been sharing this for years

what they're not telling you about your 401k.

Too much disapproval by the way,

and some downright hate too, but people are starting to change

their tone a bit even the inventor of the 401k himself he admits to have

created a monster that should be blown up his exact choice of words and I'll tell you why

on today's episode of Financial Freedom Friday.

So So what are they still not telling you about your 401k? Really all the same stuff but based on the feedback that the last time that I talked

about this and the feedback that continues to roll in since then,

the better question is what are you still not telling yourself about your 401k?

And here's what I mean. You see I've been called a con man, I've been called a scammer, I've been called a fearmonger, I've been called a total joke and some other fun things because of what I've had to say about the 401k as a retirement strategy.

And before you decide to pile on and share your expert opinion of me, the father of the 401k,

the guy that invented the 401k, Ted Bennett, admits to have created a monster that should be blown up.

His exact words.

And he goes on to say this, he says, the plans have grown so over-complicated and so fraught with hidden fees and opportunities for bad decisions

that they were better at enriching the financial industry than the actual savers.

And these here are precisely the very abuses that caused him to invent the

401k in the first place back in 1980. So those abuses of the financial industry pre-101K have found themselves all the way

back around come full circle and now they're all deeply entrenched and embedded in the 401k. Now here's what needs to be understood about my

thoughts on this. It's not that Ted Bennett agrees with me and the idea is that

I've been sharing over the years. It's not like he came out and said this because he's

...