The 401k Fallacy

Insurance Pro Blog Podcast

In this episode, we examine surprising research about how retirees actually use their 401(k)s for retirement income. We share data from a recent study showing that only a small percentage of retirees rely on their 401(k)s and IRAs for significant income, despite decades of marketing suggesting these would be primary retirement vehicles.

You'll learn why Social Security and pensions remain critical income sources for most retirees, and we explore why the shift from pensions to 401(k)s may not have delivered on its promises. We'll also discuss why saving more in your 401(k) might be crucial, even if the conventional wisdom about retirement income needs to be reconsidered.

Join us as we challenge common assumptions about retirement planning and discuss what the data tells us about building reliable retirement income streams.

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