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Podcast: Get Rich Education
Episode: Inventor Of 401(k), Ted Benna Joins Us
Description: #197: I dislike 401(k)s. They REDUCE your income. Sound investments INCREASE your income. Most people simply do not realize that there are alternatives to "defined contribution" retirement plans like 401(k)s, 403(b)s, 457s, IRAs, and Canadian RRSPs. Societal belief systems condition you into "Salary Reduction Plans" - which is, in fact, an early name of the 401(k)! The man credited as the "Father" and "Inventor" of the 401(k), Ted Benna, joins us today. He created and gained IRS approval of the first 401(k) savings plan. Even Ted laments...