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Without The Bank Podcast
We have a 103 year-old banking problem throughout the business industry, and most business owners have become complacent about it. We talk about this problem and how it’s affecting businesses by allowing the bank to have control. You may never get rid of the bank completely, but you can sure try. The bank should be plan B, not plan A, and you can make that happen. This takes time, but you have to get started. Listen to hear how this banking problem began and what the solution is.
Recent Episodes
The archaic system of giving up money today, taking on risk, and hoping to retire is B.S.
This podcast seeks to help make you responsible for your money and your future. You are the one who cares more about it than anyone else. I am here to help you and provide the honesty you need. No sugar coating. No false claims. Just straight up truth.
Your 401k says 25% average return — but your actual return could be zero. Here’s the math.
👉 Find more Without the Bank here: https://www.youtube.com/@MaryJoIrmen?sub_confirmation=1 👉 Get the book: https://www.withoutthebank.com/book
Part 4 of the 401k Half-Truths series breaks down the biggest illusion in retirement planning: average vs actual returns. You’ve probably heard your 401k grows “5-10% on average” — but that number hides a painful truth. Tarisa walks through a real math example that shows how a 25% average return can equal a 0% actual return, shares her own mom’s experience of having less in her 401k than she contributed, and poses a simple question: would you take a deal where someone tells you how much to give them, charges you fees even when they lose your money, locks your money away, and penalizes you for needing it early? That’s essentially what a 401k is. If you’re contributing the max to your 401k, you need to understand the difference between inputs and outputs — how much you’ve actually put in versus what you can actually access. There are alternatives that aren’t subject to market risk. This episode is about empowering you with information to make better decisions for your future.
⏱️ Chapters 0:00 – The Problem with 401k “Average Returns” 0:42 – 401k Half-Truths Part 4: Average vs Actual 1:30 – The 25% Average, 0% Actual Math Example 3:47 – My Mom’s 401k Story 5:15 – How Losses Destroy Growth 6:30 – Global Economy Risk: Tariffs & Inflation 7:47 – Why Actual Return Matters More Than Average 8:50 – The 401k Deal Nobody Would Take 10:14 – Inputs vs Outputs: Audit Your 401k 11:35 – Seed vs Harvest: The Tax Trap 12:03 – Simulate Your Portfolio’s Past Performance 12:34 – Guaranteed Alternatives & Final Thoughts
#personalfinance #retirementplanning #retirement #compoundinterest #401k
📘 Books Mentioned: → Life Without the Bank → Becoming Your Own Banker by Nelson Nash 👉 Get them here: https://www.withoutthebank.com/book
📧 Questions? Reach us at maryjo@withoutthebank.com or tarisa@withoutthebank.com 🌐 Learn more at http://www.withoutthebank.com
