Your 401(k) Might Be Costing You Thousands
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 4 February 2026
⏱️ 62 minutes
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Summary
Transcript
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| 0:51.1 | Your 401k is likely costing you thousands of dollars. Brent, I am so excited to talk about this, |
| 0:58.5 | because we know that the 401k is an unbelievable tool available to most working individuals out |
| 1:05.8 | there, and yet it can be, even though it's an amazing tool, it could be some that's potentially |
| 1:10.5 | costing you, and you likely have the ability, it could be some that's potentially costing |
| 1:11.1 | you and you likely have the ability to change that. That's what we want to talk about today. |
| 1:15.4 | Well, I mean, let's talk about why are these so powerful? First of all, we know, even from our |
| 1:20.4 | own millionaire studies that we've done, this is the first account that most millionaires |
| 1:25.6 | cross into seven figures with. And there's a lot going |
| 1:28.6 | for it. If you think about, there's lots of tax incentives, you think about free money from |
| 1:33.0 | your employer, the fact that you're getting profit sharing, there's a lot of things to get |
| 1:37.7 | really excited about a 401K. So we want to make sure that you're doing it right. But not all 401ks |
| 1:44.0 | and 401 plans are created equal. |
... |
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