{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"It Sounds Like Free Money... But Is It? (Ep. 272)","description":"Is your 401k employer match really free money? We break down how the match actually works and what nobody tells you. We're diving into the critical topic of retirement planning, specifically addressing the volatility of investments like 401ks. If you're concerned about market dips impacting your retirement savings, we explore alternative strategies. It's about ensuring your financial planning prioritizes accessibility and security for your future and your family, considering options beyond traditional investing.  \ud83d\udc49 Find more Without the Bank here: https:\/\/www.youtube.com\/@MaryJoIrmen?sub_confirmation=1  \ud83d\udc49 Get the book: https:\/\/www.withoutthebank.com\/book  Welcome to the fifth and final installment in our 401k Half-Truths series. Today we're pulling back the curtain on the employer match \u2014 how it really works, what you're actually getting, and whether that "free money" is worth locking up your cash until age 59\u00bd (or 73 for RMDs). We cover: \u2022 How automatic 401k enrollment quietly traps employees \u2022 The real math behind employer matching (100% up to 6% isn't what you think) \u2022 What to ask your employer instead of the 401k match \u2022 The "bucket with holes" analogy \u2014 why your finances keep leaking \u2022 The 4 bases of financial flow (home base = your policy) \u2022 Why the match often gets eaten by management fees anyway \u2022 Memory dividends vs. delayed life \u2014 the Die With Zero mindset Chapters 0:00 \u2014 A 401k Is Not Guaranteed 0:50 \u2014 Automatic Enrollment: My Husband's Story 3:00 \u2014 Ask for the Match as a Bonus Instead 4:15 \u2014 How Employer Matching Actually Works (The Math) 5:45 \u2014 The Bucket With Holes Analogy 7:30 \u2014 Becoming an Honest Banker 10:14 \u2014 The 4 Bases of Financial Flow 13:30 \u2014 Die With Zero & Memory Dividends 15:15 \u2014 Make a Strategy Appointment \ud83d\udcd6 Mentioned in this episode: Die With Zero by Bill Perkins Becoming Your Own Banker by Nelson Nash \ud83d\udcde Ready to take control? Read the book & schedule a strategy appointment and let's find out if a policy makes sense for you. \ud83d\udc49 https:\/\/www.withoutthebank.com\/book  \ud83d\udd14 Subscribe for more episodes on living without the bank, infinite banking, and financial freedom. ","author_name":"Without the Bank Podcast","author_url":"https:\/\/withoutthebank.com","html":"