Ep 6: Is Your 401(k) a Trap? The Truth Most Financial Advisors Won’t Tell You
Manage episode 482529645 series 3662741
In this eye-opening episode, Tyler Osborne breaks down the truth about 401(k)s—what they are, how they really work, and why they may not be the retirement safety net you think they are. Tyler dives into the history, hidden fees, tax traps, and lawsuits tied to major corporations managing 401(k)s.
You’ll learn:
- Why 401(k)s were never intended for the average American
- The three-legged stool of retirement (and why it’s now broken)
- How your employer, the government, and financial firms control your 401(k)
- The silent killer: hidden fees and the myth of the “free match”
- What to watch for if you're in or approaching retirement
- The real meaning of variable risk and how to protect your retirement
Tyler also explains how to prepare for retirement without relying solely on a 401(k)—and what you can do now to avoid being forced to work during your golden years.
7 episodes