Why You and Your 401K Don't Stand a Chance | Financial Freedom Friday
Epic Real Estate Investing
Matt Theriault
4.7 • 955 Ratings
🗓️ 18 April 2014
⏱️ 9 minutes
🧾️ Download transcript
Summary
There's no shortage of articles one can find revealing the flagrant fundamental flaws of the 401K, but there are two bigger reasons to avoid this retirement vehicle like the plague that no one ever addresses. Today, Matt Theriault shares what they don't want you to know.
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Transcript
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| 0:00.0 | This episode is brought to you by Oracle. |
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| 0:30.0 | This episode is brought to you by Revolute. |
| 0:32.7 | Revolute is your perfect travel companion for all things money. |
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| 0:40.3 | and withdraw from ATMs all over the world, with no charges from Revolute within your plan allowance. |
| 0:46.0 | Sign up to Revolute at Revolute.com slash podcast reward and receive 20 pounds when you make your first purchase with Revolute. |
| 0:53.2 | Until 18-plus, T's and C supply, exchange fees and fair usage limits supply. It's time for Financial Freedom Friday with Matt Terrio. |
| 1:14.0 | Hey you got a second. |
| 1:15.0 | I want to talk to you about something that I get really excited about. |
| 1:19.0 | You know, the 401k, the 401k experiment has been just an absolute disaster for most people. |
| 1:25.0 | You know when the market crashed in 2008, investors saw years of dedicated savings |
| 1:30.0 | to just get totally wiped out. |
| 1:32.0 | And what that did, it forced Americans to cut back savings just get totally wiped out. |
| 1:32.6 | And what that did, it forced Americans to cut back on their lifestyles |
| 1:36.2 | and delay their retirement to even a later day. |
| 1:39.2 | And it's not their fault. |
... |
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