Your 401(k) Might Be Costing You Thousands

Your 401(k) Might Be Costing You Thousands

Author: Brian Preston and Bo Hanson February 4, 2026 Duration: 1:02:29
A new study from the Department of Labor found over half of the 1,000 largest 401(k) plans had investment funds that shared revenue with the plan's administrator. We cover how you can optimize your 401(k) to avoid these fees and make sure you don't make a mistake that could cost you almost $200,000! Then we answer your financial questions, including a Rapid Fire Segment with a fun twist. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Jump start your journey with our FREE financial resources⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Reach your goals faster with our products⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Take the relationship to the next level: become a client⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Subscribe on YouTube for early access and go beyond the podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Connect with us on social media for more content⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠DRINKAG1.com/MONEYGUY Learn more about your ad choices. Visit megaphone.fm/adchoices

Hosts Brian Preston and Bo Hanson bring a refreshingly practical and detailed approach to personal finance in Money Guy Show. This isn't about get-rich-quick schemes or dry theory; it's a deep, actionable dive into the mechanics of building lasting wealth. Each episode breaks down complex topics in investing, tax strategy, and business principles into understandable steps that listeners can actually use. You'll hear concrete examples, from optimizing retirement accounts and navigating market volatility to structuring your finances for major life events. The focus is always on making your money work efficiently for you, creating a system where your assets generate momentum. Tuning into this podcast feels like getting clear, confident advice from two knowledgeable guides who cut through the noise. The conversation is grounded in real-world application, offering a blend of education and tactical insight that helps demystify financial success. Whether you're just starting your wealth-building journey or looking to refine a sophisticated portfolio, the discussions provide a structured yet adaptable framework for making smarter decisions with your money.
Author: Language: English Episodes: 100

Money Guy Show
Podcast Episodes
Average 401k Balance By Age (2026 Edition) [not-audio_url] [/not-audio_url]

Duration: 37:54
Have you ever wondered how much the average American has in their 401k? We've done the research and we've found the answers! Don't miss this breakdown into the data accompanied with the tips to help make sure you are ahe…
Are You Making This Mistake With Your Cash? [not-audio_url] [/not-audio_url]

Duration: 1:01:39
Your emergency fund is so important it takes up TWO steps of The Financial Order of Operations. Far too many Americans, though, are not prioritizing their emergency funds. We've got fresh data from Bankrate that breaks d…
Financial Advisors React to the WILDEST Money-Making Schemes [not-audio_url] [/not-audio_url]

Duration: 15:43
We all like making money. So, why not react to the wildest money-making schemes? Brian Preston (CFP®, CPA) and Bo Hanson (CFA®, CFP®) are back reacting to the internet's wildest money-making schemes (from an "8-figure 12…
Should You Buy Or Rent In 2026? (The Numbers SHOCKED Us!) [not-audio_url] [/not-audio_url]

Duration: 41:44
What makes more sense in 2026? We consider all of the factors from the crazy housing market to current interest rates to annual rent increases. We run through a case study comparing Heather the Homeowner and Randy the Re…
A Recession is Imminent? Do This Now. [not-audio_url] [/not-audio_url]

Duration: 1:03:30
The Wall Street Journal and Goldman Sachs just updated their recession predictions for 2026. What they aren't telling you? Recessions and market volatility hit differently depending on where you are in your financial jou…
They Were Burned by a Bad Financial Advisor | Making a Millionaire [not-audio_url] [/not-audio_url]

Duration: 53:48
Max (46) and Valerie (47) thought they were doing everything right. But while the market was soaring 8-10% for everyone else, they discovered their advisor lost his license, while they lost over $150,000, plus years of c…
All of Our Money Rules (And When to Break Them) [not-audio_url] [/not-audio_url]

Duration: 40:35
Think Money Guy rules are set in stone? Think again. Every financial guardrail we've built, from 20/3/8 car buying to 25% savings rates, has exceptions that could have the potential to help you build more wealth. We walk…
This 401(k) Trend is ABSOLUTELY DEVASTATING (And Getting Worse) [not-audio_url] [/not-audio_url]

Duration: 1:04:39
If you know us, you know we love a 401(k). New data from Vanguard, though, shows just how leaky these accounts can be. We walk you through the true cost of taking from your future-self, then give you the tools to keep yo…
Financial Advisors React to the BEST and WORST Tax Advice [not-audio_url] [/not-audio_url]

Duration: 17:57
Death and taxes, everybody's favorite subjects, right? There's plenty of tax advice online. Some is brilliant, some is dangerous, and some is just hilarious. We react to the internet's best and worst tax advice, from W-4…
How to Build Wealth with the 3 Bucket Strategy (By Age) [not-audio_url] [/not-audio_url]

Duration: 38:26
What's a better way to build wealth across every decade of your life? The answer comes down to three tax buckets and knowing which one to fill first. We walk through the tax-free, tax-deferred, and after-tax buckets and…