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In this episode, we ask:

• Was the 401(k) meant to be the primary vehicle for retirement?
• Is there more risk early on in a 401(k) or toward the end or retirement phase of the 401(k)?
• How have the 401(k)s improved our retirement outlook?
• What guarantee does the 401(k) present? (Hint: it’s a four letter word.)
• What are some of the fees on the 401(k)?
• How much does an average investor pay with a 1% fee over the life of the 401(k)?
• How much does an average investor pay with a 3% fee over the life of the 401(k)?
• What is the average investor paying in fees?
• What is a 403(b)?
• What’s Katrina’s story with the 403(b)?
• What about the employer benefit?
• How do different companies handle vesting?
• What did Holly’s husband, Jacob, say when he saw his 401(k) statement?
• How much can you contribute to a 401(k)?
• If you contribute the maximum amount, can you retire on the 401(k) alone?
• What are the taxes on the 401(k)?
• What are the penalties on the 401(k)?
• How long are the penalties active on the 401(k)?
• At what age are you required to take Required Minimum Distributions (RMDs)?
• What happens to those with 401(k)s at age 70.5?
• Can you leave a 401(k) as a legacy to your kids and/or grand kids?
• Is the 401(k) a liquid vehicle?
• … More!

This is the third episode in a three part series on qualified plans, like the 401(k). Continue with us on our deep dive into thinking differently about the 401(k) in Episode 9 and Episode 10, too.