Is Time To Rethink Your 401(k): Fees, Penalties, and Taxes (Episode 43)

Update: 2025-12-10

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Discover how rethinking the 401(k) can protect your retirement from hidden partners and silent tax traps.

Doug Andrew and his team expose why traditional qualified plans—401(k)s and IRAs—often serve Uncle Sam better than they serve you. They explore the three dimensions of authentic wealth while revealing how fees, penalties and government rules can quietly eat up your savings.

See why shrinking your taxable pie and growing a tax-free “cake” may beat gambling on future tax rates and RMDs.

This episode covers:

- Why 401(k) fees, penalties and tax rules create a retirement time bomb

- How to convert vulnerable assets to tax-free wealth

- The costly legacy of inherited 401(k)s and how to leave money to your kids tax-free

Whether you’re worried about market volatility, future tax hikes or burdening your heirs, these insights show how you can transform your retirement and legacy.

00:00:00 – Introduction

00:01:40 – Why a 401k makes you partner with Uncle Sam

00:06:07 – The 10% and 50% penalties hiding inside your 401k

00:09:20 – Threats to your retirement income

00:12:55 – Hidden 401k fees

00:13:52 – Time Magazine 401k opinions

00:20:52 – From pensions to 401(k)s

00:25:30 – Dangers of inheriting a 401k

00:28:25 – Strategic rollout explained

00:33:40 – Why CPAs say pre-tax accounts are the worst legacy asset

00:35:06 – Final Takeaways

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