The Expert Podcast

• The Decline in 401(k) Balances:
  • The number of 401(k) millionaires has decreased dramatically, with some areas seeing over a 50% drop.
  • How the stock market, mutual funds, and bond holdings have influenced these changes.
• The Wealth Effect and Its Role in a Recession:
  • The relationship between declining 401(k) balances and real estate equity.
  • How these factors impact consumer confidence and spending behavior.
• Can a Million Dollars in Your 401(k) Last Through Retirement?
  • Breaking down the math:
    • If you withdraw $100,000 annually, a $1 million 401(k) will last 10 years.
    • Challenges if you plan to retire by age 60 or 65.
  • Factors to consider:
    • Increased discretionary spending during retirement.
    • The impact of inflation doubling prices in 7-10 years.
    • Rising healthcare costs as a significant expense.
• Key Questions for Listeners:
  • Does your 401(k) give you confidence in your retirement plans?
  • How has your 401(k) balance changed recently?
  • Have you had to withdraw funds for emergencies?

• Share your thoughts on the current state of 401(k)s.
• Drop a comment about your retirement strategy—are you still investing, or have you adjusted your approach?