For Your Own Good › Episode 80
Your 401(k) Is a SCAM
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About this episode
Is your 401(k) really going to make you rich — or just make Wall Street richer? In this eye-opening episode me and Rich Somers break down why traditional 401(k) planning can fail most people, how the early-withdrawal penalty works, and exactly how they used 401(k) funds as seed money to scale into high-cash-flow real estate deals. Learn the real rules about cash out 401(k) strategies, early withdrawal 10% penalty, RMDs, 1031 exchanges, self-directed IRA options, and how to calculate the true opportunity cost of letting your retirement money sit. If you’re serious about building passive income and real estate wealth — watch to the end. #KassidyWarren https://www.instagram.com/kassidy.warren https://www.linkedin.com/in/kassidywarren #RichSomers https://www.instagram.com/rich_somers/ Listen on Apple Podcast: https://podcasts.apple.com/us/podcast/for-your-o Watch #ForYourOwnGood on YouTube: https://www.youtube.com/@KassidyWarren tags: 401k, 401(k), cash out 401k, cashing out 401k, early withdrawal 401k, 401k penalty, 10% penalty, RMD, SECURE Act, real estate investing, 1031 exchange, self directed IRA, leverage, passive income, cash flow, retirement planning, financial freedom
The systems behind these conversations — the deal underwriting, the tax strategy, the operators doing it live — are in Escape Velocity.