In the second half of my conversation with Austin Hair, we dig into the major threats facing 401(k)s and the alternatives that potentially offer more benefits. Download the podcast episode at

Timecodes:
00:00 – Intro
1:35 – My early 401(k) experience and why I converted to an IRA.
2:58 – The major problems with your 401(k).
6:35 – What you can do if you want to go a different route with your 401(k) and invest in real estate.
13:03 – What is Debt investing and why I recommend it today
17:22 – The most resilient place to be and how to start investing in real estate today.
19:43 – Outro

Show Notes:
Find Austin Hair from Leader’s Real Estate at

Summary: Our current retirement models may not be around much longer, so it’s important to understand the threats and opportunities to create a retirement plan that works well for you.

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Or listen to David’s Podcast at:

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401ks, IRAs And The Threats To Conventional Retirement Plans | Ep 458

With the rising costs of living, increasing life expectancy, and uncertainty surrounding social security, it has become increasingly important for individuals to plan for their retirement. Traditional retirement plans such as 401ks and IRAs have long been considered a reliable way to save for retirement, but they are facing threats that could potentially impact the retirement security of millions of Americans.

One of the main threats to conventional retirement plans is the volatility of the stock market. Both 401ks and IRAs heavily rely on stock market performance, and any downturn in the market can significantly impact the value of these retirement accounts. In recent years, we have seen several market crashes and recessions that have caused major losses for many investors. This has led to concerns about the long-term viability of these traditional retirement plans.

Another threat to conventional retirement plans is the increasing fees associated with managing these accounts. Many financial institutions charge high fees for managing 401ks and IRAs, which can eat into the returns and reduce the overall value of the accounts. Additionally, the complexity of the fee structures can make it difficult for individuals to understand how much they are actually paying in fees.

Furthermore, there is a growing concern about the adequacy of retirement savings for many Americans. Studies have shown that a significant portion of the population is not saving enough for retirement, and the current savings rates are not sufficient to sustain a comfortable retirement. This has led to worries about a potential retirement crisis in the coming years.

In light of these threats, it is important for individuals to reassess their retirement savings strategies and consider alternative options. One such option is to diversify retirement savings beyond just 401ks and IRAs. This could include investing in real estate, starting a small business, or exploring other investment vehicles that are less reliant on the stock market.

Additionally, individuals should actively monitor and manage their 401ks and IRAs to ensure that they are not paying excessive fees and that their investments are aligned with their retirement goals. It is also important to regularly review and adjust retirement savings goals based on changing financial situations and market conditions.

In conclusion, while conventional retirement plans such as 401ks and IRAs have long been considered reliable ways to save for retirement, they are facing threats that could impact the retirement security of many Americans. It is essential for individuals to stay informed about the potential risks and take proactive steps to safeguard their retirement savings. By diversifying retirement savings and actively managing investment accounts, individuals can better prepare for a secure and comfortable retirement.