Ken McElroy Show

Financial Insider Explains Why the Wealthy Don’t Use 401ks

Nov 19, 2024
The podcast explores the limitations of 401(k) plans, particularly for middle-class families, revealing hidden fees and inadequate returns. It contrasts these with alternatives like self-directed IRAs and real estate investments, emphasizing cash flow and leverage benefits. Listeners learn about the stark reality of retirement savings and the impact of inflation. The discussion also touches on smart investment strategies for new investors, as well as the intricacies of 1031 exchanges and partner dynamics, providing valuable insights for those looking to thrive financially.
Ask episode
Chapters
Transcript
Episode notes
1
Intro
00:00 • 2min
2
Understanding Financial Illusions
02:05 • 4min
3
Reassessing 401k Plans: Hidden Costs and Limitations
05:48 • 17min
4
The Stark Reality of 401k Balances and Financial Security
23:14 • 2min
5
Rethinking Retirement: Real Estate vs. 401(k)s
25:30 • 14min
6
Smart Investment Strategies for New Investors
39:54 • 5min
7
Navigating 1031 Exchanges and Partner Dynamics in Investments
44:51 • 3min