026: M.C. Laubscher: Wisdom Wednesday! The Case Against Qualified Retirement Plans, 401K’s and IRA’s

Podcast 026


Today I am going to give you my honest opinion about a financial sacred cow, qualified retirement plans (401K, 403b, 457b and I.R.A’s). I have a very contrarian view that will be very different from what you have heard from your financial advisor, financial media, employer, family and friends.

My goal is not to persuade you or have you agree with me. My objective is firstly to give you my honest opinion and secondly to get you to see a completely different perspective that will hopefully be the catalyst for you to do your own research, due diligence and fact checking to form your own independent opinion.




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“Do you really want to invest in a system where you put up 100 percent of the capital, you, the mutual fund shareholder, you take 100 percent of the risk, and you get 30 percent of the return?” – John Bogle, founder of The Vanguard Group


Recommended Book:

401(k)aos by Andy Tanner

Killing Sacred Cows: Overcoming the Financial Myths That Are Destroying Your Prosperity by Garrett B. Gunderson

Rich Dad’s Prophecy: Why the Biggest Stock Market Crash in History Is Still Coming…And How You Can Prepare Yourself and Profit from It! by Robert T. Kiyosaki 


Recommended Resources:

John Bogle: The “Train Wreck” Awaiting American Retirement

13 Reasons Why Your 401(k) Is Your Riskiest Investment

22 Reasons Why the Retirement Planning System is Broken

Last Week Tonight with John Oliver: Retirement Plans (HBO)



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Show Transcript


Have some feedback you’d like to share? Leave a note in the comment section below and please share it using the social media buttons you see at the bottom of the post!

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Live a Life of passion and purpose on your terms,

M.C Laubscher


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