1. EachPod

Ted Benna: The Inside Scoop From The Founder Of The 401k

Author
The Annuity Man
Published
Tue 03 May 2022
Episode Link
https://theannuityman.libsyn.com/ted-benna-the-inside-scoop-from-the-founder-of-the-401k

In this episode, The Annuity Man and Ted Benna discuss: 

  • From spender to saver 
  • Getting more money in the long run 
  • Employees should care about employees 
  • Investing faster in your retirement 

 

Key Takeaways: 

  • The biggest help that 401k’s have provided is that they converted employees from being spenders into savers. 
  • A 401k plan enables an employee to essentially get more money in the long run and have more resources to use when they retire. 
  • Because of the 401k, employers are now forced to care for their employees. They have to have some plans that benefit an employee's future to stay competitive in the market.
  • When you’re building a nest egg for retirement, it’s better to do it faster rather than slower. If you’re saving pre-tax, you’ll be able to invest more money into your future rather than doing it after tax. 

 

"The biggest benefit of it [401k] is that it has actually helped convert spenders into savers - most employees would not do this if they had to do it on their own… enables them into becoming successful savers" —  Ted Benna

 

 

Connect with Ted Benna:

Website: http://benna401k.com/ 

 

Connect with The Annuity Man: 

Website: http://theannuityman.com/ 

Email: [email protected] 

Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work

YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g 

Get a Quote Today - https://www.stantheannuityman.com/annuity-calculator! 

Share to: