{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Why Your 401(k) Isn't Growing Like You Think (Ep. 262)","description":"The hidden 401(k) fees quietly eroding your retirement by hundreds of thousands. \ud83d\udc49 Follow Without the Bank here: https:\/\/www.youtube.com\/channel\/UCXYvzroUouEMsTGKFw5nJHQ  \ud83d\udc49 Get the book: https:\/\/www.withoutthebank.com\/book  Most people trust their 401(k) to carry them through retirement\u2014but few understand what it\u2019s actually costing them. In this episode, we kick off a new series breaking down the biggest 401(k) half-truths, starting with one of the most overlooked factors: management fees. You\u2019ll learn how these fees are structured, why they\u2019re often hidden, and how they impact long-term compounding. More importantly, we challenge the assumption that account value equals retirement security\u2014and highlight why access, control, and financial education matter just as much as growth. If you're relying on a 401(k) for your future, this is a critical starting point for understanding the full picture. \ud83d\udcd4 Key Takeaways \ud83d\udd38The origin of the 401(k) and why risk shifted to employees  \ud83d\udd38The three types of management fees inside most plans  \ud83d\udd38How a 2% fee can reduce a portfolio by over $1 million  \ud83d\udd38Why average returns don\u2019t reflect real market performance  \ud83d\udd38The difference between saving habits and true wealth building  \ud83d\udd38How limited access impacts financial opportunity \u23f1\ufe0f Chapters 00:00 \u2013 Introduction and Series Overview 01:00 \u2013 Why People Trust 401(k)s 02:30 \u2013 The History of the 401(k) 04:30 \u2013 Breaking Down Management Fees 06:00 \u2013 Real-Life Example: 30-Year Projection 08:30 \u2013 Employer Match Explained 10:00 \u2013 The True Cost of Fees 11:30 \u2013 Compounding Disruption Explained 12:30 \u2013 Rethinking Retirement Strategy 15:00 \u2013 Episode Recap \ud83d\udd14 Subscribe for the full 401(k) Half-Truths series \ud83d\udc4d Share this episode with someone relying on a 401(k) \ud83d\udce7 Reach out with your questions for future episodes Website: https:\/\/www.withoutthebank.com  \ud83d\udc8c Email: tarisa@withoutthebank.com \ud83d\udc8c Email: maryjo@withoutthebank.com ","author_name":"Without the Bank Podcast","author_url":"https:\/\/withoutthebank.com","html":"