It Sounds Like Free Money... But Is It? (Ep. 272)
About this episode
The episode discusses the realities of 401k employer matches and alternative strategies for retirement planning.
Is your 401k employer match really free money? We break down how the match actually works and what nobody tells you. We're diving into the critical topic of retirement planning, specifically addressing the volatility of investments like 401ks. If you're concerned about market dips impacting your retirement savings, we explore alternative strategies. It's about ensuring your financial planning prioritizes accessibility and security for your future and your family, considering options beyond traditional investing. 👉 Find more Without the Bank here: https://www.youtube.com/@MaryJoIrmen?sub_confirmation=1 👉 Get the book: https://www.withoutthebank.com/book Welcome to the fifth and final installment in our 401k Half-Truths series. Today we're pulling back the curtain on the employer match — how it really works, what you're actually getting, and whether that "free money" is worth locking up your cash until age 59½ (or 73 for RMDs). We cover: • How automatic 401k enrollment quietly traps employees • The real math behind employer matching (100% up to 6% isn't what you think) • What to ask your employer instead of the 401k match • The "bucket with holes" analogy — why your finances keep…
More episodes of Without the Bank Podcast
- The Art of Noticing: What The Noticer Taught Me About Marriage & Business (Ep. 278)
- The Top Infinite Banking Questions Everyone's Asking — Answered (Ep. 277)
- 5 Money Lies That Are Silently Destroying Wealth (Ep. 276)
- Can you really build your own family bank? (Ep. 275)
- Is Infinite Banking Too Good to Be True? Answering the Hardest IBC Questions (Ep. 274)
- The Dangerous Question Your Financial Agent Is Ignoring (Ep. 273)
Explore listener stats, chart rankings, contacts and more on the Without the Bank Podcast podcast page.