The SHOCKING Truth About 401(k)s (Most People Have No Idea!) – Andy Tanner, Del Denney
👉 FREE eBook "Power of 6" –
Are you counting on your 401(k) for retirement? You might want to think again. In this eye-opening episode of Rich Dad Stockcast, we break down the hidden truths behind the 401(k)—and why it might be the biggest retirement scam in history.
Joining us is Rich Dad expert Andy Tanner, who isn’t holding back. He exposes the flaws, hidden fees, and tax traps that Wall Street and the government don’t want you to know about. The truth? The 401(k) was never designed to make workers financially free—it was built to benefit employers, Wall Street, and Uncle Sam.
💡 So what’s the alternative? We’re sharing real strategies to take control of your financial future, invest smarter, and build a retirement plan that actually works.
In this episode, you’ll learn:
✅ Why the 401(k) fails most Americans
✅ The 6 key numbers you MUST know for financial freedom
✅ How to escape the retirement scam and build real wealth
Don’t let your retirement disappear! Watch now and take control of your financial future.
00:00 Introduction
01:24 The Truth About 401ks: A Critical Perspective
03:09 The Six Numbers for Financial Health
04:31 The Origins and Evolution of the 401k
06:54 The Four Major Players in the 401k Game
07:37 The Bait and Hook of Employer Matches
09:35 The Financial Realities of 401ks
13:18 Alternative Strategies for Retirement Planning
19:05 The Importance of a Comprehensive Wealth Plan
19:39 The Origins and Evolution of the 401k
21:38 The Financial Impact of the 401k
27:26 Hidden Fees and Financial Ignorance
31:35 Real Estate vs. 401k: A Comparative Analysis
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Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.
The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.
I was putting money in my 401k but started investing in real estate to me that’s a better way I’m now at the point of maybe pulling my 401k to buy more houses faster …
U can use your 401k to buy real estate, it’s just a simple tax break concept I don’t get the notion of the curtain being unveiled. This isn’t rocket science in my opinion
Is my Roth ira also at risk?
How can i get the money out of 403b? In my 40s.
This video really made me rethink my approach. I have a $150K balance in 401K and a $200K pension, plus real estate. I’ve always been told to diversify, but at 40, I’m questioning whether continuing to put money into my 401(k) is the right move. The returns have been disappointing in a thriving market, and I’ve even considered withdrawing, taking the penalty, and paying the taxes to invest elsewhere. I would have loved to hear Andy’s thoughts on what people in my position should do if they want to break free from the rat race. I think a lot of people are in this boat. Thanks for the insight!
401ks with good matches are worth it. IF you actively follow and manage it quarter to quarter. If you just max it out and don’t manage it your money may be set one way or the other by a big margin the whole time.
The 401k is great for Wall Street
Is this also considered for roth iras?
Yes
Tax deferred growth and matching contributions provided by 401k is a real bonus. But that doesn’t make the guest speaker wrong. It does serve the interests of other players as well. Although more specifics would have been helpful.
Add to that the whole life insurance
Should’ve presented actual numbers.. talks about maximizing your 401 with an employee match as basically robbery and then the major talking point was the average account holding of 89k.. which obviously that’s not enough to retire.
Learned nothing, maybe I missed it but he never said what the 6 numbers were.
Maybe pay attention?
Thank you ❤
Yo Bobby!
A 401(k) can be a valuable retirement planning tool, but its effectiveness depends on various factors, including individual financial goals, investment options, and employer matching contributions.
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Please, what are the six (6) number?