Turn Your Old Employer 401(k) into a Million Dollars

Transcript:
(00:00) what to do with an old employer 401K make a million dollars this is going to be the most important podcast you’ve ever heard in your life your IRA can invest in this stuff we can use your retirement account dollars get out of Wall Street these crappy mutual funds and Target date funds and get over to assets that can provide a better return that’s how you’re going to grow on build wealth and get to the million-dollar account it’s the rule of 72 so you take that 72 divided by 12 that money doubles every six years so at age 30 by
(00:28) 47 you’re going to have a million dollar [Music] taxfree welcome everybody to the self-directed IRA podcast the first podcast of 2024 I’m here with the illustrious Matt senson author of the book self-directed I handbook and people if you saw this title what to do with an old employer 401K make a million dollars this is going to be the most important podcast you’ve ever heard in your life this is going to freaking rock this is going to rock your world guys there is 33 TR milon doll in US retirement accounts do you want to know where the
(01:02) most money is right now it’s in Ira accounts actually the most money in any bucket oh is in Ira but do you know where those IRA funds started from 401ks Oh you mean those cheap affordable 401ks that don’t have high fees and you get to invest them the way you want yeah those ones that have crappy investment options and fee you to death those 401 Cas those everybody put their money in it because their company gave them a match and that’s where Americans were learn to save there’s 13 trillion dollar in 401ks right now but the largest pot of money
(01:34) right now this is why I’m bringing this up is actually in IRAs but it wasn’t from people put 6,000 me there wasn’t from people putting 6,000 bucks a year into their Ira the majority of people’s funds in IAS are rollovers from a 401k to an IRA where those people decided I’m going to go take control of this I’m going to go invest it and try and grow it you mean those are doing better those IRAs that have lower fees and you have more control of got those Ira oh those oh I thought you were going from cheap affordable 401ks with options to
(02:04) expensive Ira so you have no options it’s the other way around yeah it works the other way and that’s why the money’s growing and that’s the biggest pot of money but doesn’t Wall Street in Corporate America want me to stay in their stupid 401K Wall Street doesn’t care they can get a piece of you wherever wherever you move they’re grabbing a piece of you okay so with all of our are what are we we’re being uh what do you call it sarcastic sarcastic and rude well people we’re about Main Street America we love the American dream small
(02:34) business owners we love Building Wealth and frankly I hate Wall Street generally and not that I don’t have Wall Street products and a great investment adviser but there’s a place for that if you can take control of your retirement accounts and invest them the way you know best and keep your fees low wouldn’t that be the way to go well we’re going to show you how to take your old 401K from a prior employer and unlock it release it into your hands with lower fees and the ability to invest it more effectively and get a higher rate of return so I’m
(03:05) going to be doing some math over here on my laptop on this million dollar equation but let’s talk about first you you know why why why you you have some great wise and before we get into the nree of how yeah let’s hit the just the reasons why you want to do this 401ks have the highest fees out there of any retirement account type okay the average 401K fee in a small business 401K is 1 and a half% even for the largest 41 k plans your average account fee is at about 1% if you have a $100,000 account you’re paying a $1,500 annual fee to
(03:38) have that 401k a lot of people are Blown Away Away by that even our accounts with self-directed IAS that can own alternative assets like real estate and private companies and small business and notes and crypto our Fe is 3.95 a year okay so if you have an account of 100 Grand or more you’re getting immediate tax savings not to mention greater investment options which is the second reason you may not want a 401k 401ks traditionally lock you into the mutual fund family or the target date funds that that provider of the 401K makes
(04:07) money on they force you to buy those investment options that might not be the right investment option that might not have the greatest return for you in your situation so by moving to an IRA which we’ll talk about you’re going to have greater investment options at the end of the day your ability to grow and build an account to get to a million dollar Ira is about getting a large return on your money every year are you going to get that a mutual fund or Target date fund probably not it’s possible if that’s what you love and you’re
(04:34) passionate about you can find those it’s rare we are all about clients investing in what they know whether that’s real estate they’re into real estate small business private companies alternative assets which is the largest growing asset class out there has the highest returns your IRA can invest in this stuff we can use your retirement account dollars get out of Wall Street these crappy mutual funds and Target date funds and get over to assets that can provide a better return that’s how you’re going to grow on build wealth and
(05:02) get to the million dollar account now I have another reason why and it’s it’s really an I don’t know if I’m going to phrase this properly it’s really an empowering statement you may not know this once you leave an employer anything in that 401k is unlocked you can take it to a new employer 401K some of you may have already had done that guess what you can still go get it some of you may not know that you get to choose where that 401K money go you can put it into an IRA traditional IRA you can convert it to a Roth IRA you
(05:35) could may have both Roth and traditional money and you get to choose the Investments and the fees you’re going to pay to play with that money you could buy cryptocurrency you could buy real estate you could do notes you could invest in ETFs that you want to invest in not what the 401K at your new employer is offering so our message to you and you’re going to get you’re bombarded with with this already with commercials during Super Bowls and NCAA championships everybody wants to touch your old 401K what we want to do is keep
(06:08) it in your hands and that’s what we do at directed Ira it’s a Trust Company where that account is under your direct control without us telling you what to invest in and taking commissions or fees for what you invest in That’s The Power of self-directing this is why Peter teal has a $6 billion Ira Mitt Romney has over a $100 million Ira then you could go through the news and look at all the different people that have taken IAS and blown them up to six seven eight figures on a regular basis so that’s the power
(06:40) you have we want to show you how to unlock it and how it can get to a million dollars so quickly yeah I think the key Mark said there is your old employer 401K even if that money was moved into a new employer um but I want to make sure everybody understands your current employer 401k if you have a day job and you have a current employer 401K that money is typically locked down to the options that that 401k provider provides as long as you’re still an employee of that company now a lot of companies will unlock it and they’re
(07:09) required to unlock your 401K money when you hit retirement plan age even if you’re still employed at that employer okay so when you hit 59 a half that money can then be rolled out even if you still work there so for those of you in your 60s and some plans do it at 55 even though you may be still working at that company you can roll that money out just like it was an old employer so that money becomes unlocked so if you think about the office for example I want to think about um oh my gosh what what was Michael Scott’s girlfriend’s name that
(07:39) used to be his boss what was her Jan okay Jan Jan had a 401k at Dunder Mifflin Jan doesn’t work at Dunder mlin anymore okay she quit right and she could and she’s 40 you know she could roll her 401k to an irra now if you think of the office let’s take Meredith or Creed okay Meredith and Creed work at Dunder Mifflin participate in the 401K but they’re over 59 a.
(08:04) half even though they still work there they can roll their money out of the 401K and go to an IRA so any of those scenarios there old employer 401k or you’re still working at the company but your retirement plan age 59 and a half some plans do it at 55 you can roll the funds out okay now that money is as Mark said unlocked okay now let’s get to the fun part here and then we’ll get into the how once you release that money and that and I just did some research here uh in and anticipating our show here in preparation for the show
(08:35) the average 401K for those balance between a around age 40 is $100,000 now that’s average there’s people that have high income jobs that are in their 30s get to that 100 Grand a little faster some maybe a little slower it depends on how aggressive you’ve been in Saving but let’s just say your average 401K in America median age between age 25 and 55 is going to be about 100 Grand so you got got 100 Grand to start with now once you roll that money out to an IRA that IRA account and we’ve got shows and we love to talk about the Roth IRA so I
(09:08) want to get that over to a Roth position where you’ll never pay tax again that’s a side conversation but say you got that 100 Grand you roll to an IRA this year you can now put an additional 7,000 into it so separate from your new employer we want to encourage you to be putting in that s Grand a year in this new Ira that you just pumped 100 Grand in that’s about $600 a month so for $600 a month you’re going to continue to build that new Ira from the old employer and at a 12% rate Roi rate of return in in 17
(09:43) years you’re going to have a million dollars that’s that’s 12% we have clients that are doing 20% we have clients that do 8% we don’t tell you what to invest in but if you want to go leverage that money and buy real estate do notes uh again invest in all sort I yesterday I bought a bunch of cryptocurrency I did did you I did it’s been on a run Yeah well black rock gets their ETF approved today from the oh was it today that must be what happening because it’s funny when I came in the office today crypto trades were like off
(10:12) the charts yep two billion see where it ends today I guarantee you it’s you know well there’s I don’t know so R yeah and by the way we’re not saying buy crypto or not but it’s getting more and more legitimized the SEC is approving the first exchange traded fund by Black Rock they are committing $2 billion into cryptocurrency to legitimize it further to be used as a transaction this specifically Bitcoin right that their ETF is Bitcoin I think ethereum has got there’s some funds around the corner to do that but this is just one asset class
(10:41) we’re talking about like crypto we have clients just investing in IA Cent owns a Wild Wings wild buffalo buffalo wild wings okay franchise in it that does very well I have a client owns a Mexican soccer team in their retirement account we have a client that that owns boring single family rentals I private lend my money at 12% interest and two points getting 14% return I can beat that 12% cuz I actually Le that money out twice a year so now 14 I’m actually getting 16% on that money okay and so so these are the things where the money adds up now
(11:08) if I’m in a Target date fund or a mutual fund maybe I’m getting 8% maybe I’m getting six you know over time and if you average it out and when you run these calculators you know your investment returns this is the time value of money a 1% or 2% adjustment on this over a 20 or 30 year investment Horizon is huge about how much money is going to be in your retirement account and this all depends and and it’s up to you really so I want our message is we want you to be engaged with this take control of your retirement that’s like trademark we
(11:41) freaking trademark that take control of your retirement this money that’s sitting out there might be your most investable pot of money that 100 Grand example Mark gave you’re in your 40s here you got this old employer 41k that might be your most investable pot of money that could build your retirement so you have something you’re looking forward to don’t count on your next employer for 1K cuz it’s probably have crappy investment options too so get engaged take control of that get it invested where you can have a higher
(12:07) return and also minimize your fees now a lot of people think oh but Matt you you have a fee of 395 bucks or this self- directed Ira provider cost charges this or that guys the 401K is actually the most feed Laden place to have your money go research this go watch Steven kar’s video on this on YouTube by the way where he like goes after the 401K industry cuz they actually looked into the fees at their Show’s 401k plan and went berserk realizing how much money they PID cuz they nickel and dime you and you just don’t see it so I just want
(12:39) to make sure everybody gets that those two key points get a higher rate of return that’s the hard part you got to work on that but get out of the high fees you’re getting feed to death in you’re 401K now I want to Circle back one more time because this makes me excited on this let’s say you average 12 some years you might get 8 or 10 some years you might get 14 or 16 you’re investing in your brother-in-law’s restaurant you’re investing in real estate all these different options who knows what I brought up crypto because
(13:06) it’s just another option that you don’t you don’t have in a typical 401K but if you do 12% that 100 Grand continuing to put in your 7,000 a year and your age let’s say 30 at age 47 you’re going to have a million dollar taxfree in that Roth IRA the beauty of that maintaining 12% is now that money doubles every 6 years it’s the rule of 72 so you take that 72 divided by 12 that money doubles every 6 years so at age 30 by 47 you’re going to have a million dollar taxfree now by age 53 you have 2 million by age 59 you have 4
(13:49) million and people once you get into a rhythm and investing in what you know and going for the Long Haul using Warren Buffett strategies of investing in quality businesses and what you know that maintaining 10 to 12% is so doable we have our alt asset Summit coming up this year again where we have a two-day conference just on ways to invest your money we’re not out there just saying this to make you feel good we are actually showing you and bringing people from all the different industries that can show you how to do this so yeah and
(14:21) we’re unique in that we’re not selling Investments I don’t care what you invest in I make zero money based on what you invest in we do not care we want you to invest what makes sense for you that’s going to generate the largest return for you and it’s interesting to see some of our largest accounts we have a lot of accounts over 10 million do the largest account we have I have a client that has over $300 million in a Roth IRA okay in a one Roth IRA that started at zero okay and so but everybody’s doing something
(14:48) different people think that there’s like some secret investment fund we’re putting everybody’s money into to have the $10 million accounts and no every one of those people is doing something entirely different but they’re doing unique assets they’re finding opportunities they’re engaged in small business they’re engaged in their real estate Community they’re finding opportunities people know that they invest in stuff they come to them with deals and opportunity they get deal flow once they’ve invested and they’ve got a
(15:11) million bucks out there deals just come to them because everybody knows this is someone that does deals and that that has money that likes to invest and I can offer him a return and so that’s when this starts snowballing takes a little bit to get going that’s like Mark said the alt asset Summit we bring together people that have done this bring people that have these alternative investment options out there for you and we teach you and just try to educate you but at the end of the day you’re in control of this you’re making the decisions it’s
(15:35) your money and it’s going to be your retirement Tristan would you make sure in the in the description that all assets summit.com is in there so people can start looking at the dates and getting registered to attend in person or virtually yeah and that’s in October and we got the self-directed IRA Summit coming up in Dallas which is more about the rules on self- directing how do I partner with people if I want to use my IRA and a spouse and a friend what are the rules what if I’m doing a real estate deal can I stay at the property
(16:00) can who can I rent it to do I use an LLC what tax issues do I need to know about should I do Roth or traditional that’s all the stuff we cover at self di Summit too SD summit.com now yeah now this first 15 minutes was to get you excited now we because if you don’t have the emotion of I want to take action then you’re not going to listen to the rest of this on the steps you need to take that are really quite simple but we wanted to really let unlock the opportunity the excitement your ability to build this wealth and start doubling
(16:34) your money every six years with quality Investments and getting out of the 401K regimen this or regime we want you to be in control so with that said then you’ve got this old 401K that could be sitting at Vanguard or Fidelity and you’re getting statements and it’s just languishing there and was funny when I put up this investment calculator on my laptop they their starting their like their autop populated rate of return was 4% yeah like oh my gosh okay so you’ve got this old 401k or maybe you took that 401K money and rolled it into a new employer
(17:15) 401K so but Step One is is really Matt setting up where it’s going right so tell us how we do yeah step one you’re typically going to set up an IRA now we want to look at your 401k so I think even step one is in your 401k what do you have some of you are going to have all traditional dollars in your 401k sometimes that’s called pre-tax dollars meaning you’ve got a tax Seduction on you haven’t paid tax on it in the ira world we just call it traditional dollars some of you might have post tax dollars or Roth dollars in your 401k
(17:49) where you pay tax on it and you’ll never pay tax again you’ll never pay tax on it again it’s going to grow and come out taxfree we love those post tax or Roth dollars now you might have a combo of both of those your pre-tax or traditional dollars are going to go to a traditional IRA your post tax or Roth 41k are going to go to a Roth IRA so Step One is inventory what you have step two would be set up the new account you’re going to need in the ira World whether that’s a traditional IRA or Roth IRA or you might have both you might
(18:21) have a traditional IRA and a rotha because you got pre and post traditional and Roth dollars and we are uh we want to be fair and honest as I appreciated Stephen A Smith yesterday talking about the Dallas Cowboys he’s like all right I’ll give it to you you know Prescott best quarterback in the NFC right now fair enough it was like killing him to talk about the Dallas Cowboys in the playoffs but he was like I’ll be fair they’re in the playoffs he loves to beat up the cow so we want to be fair here when you go to open up those IAS you
(18:51) could go to a Schwab or a Fidelity and just open up an IRA there and turn around investing in ETFs or some simple type of mutual funds that make sense to you you’re still going to have lower fees there than your 401k absolutely but you’re not going to have that control that we were just referring to 5 10 minutes ago but that’s one of your options if you want to open up one of those IAS where you have the ability to invest in small business and all assets that’s when you’re going to go to directed ira.com you can open an account
(19:24) on your phone in the middle of the night and get that account going and that is part of step two is choosing where you want that Ira to be set up and you got to think ahead where what am I going to do am I going to be committed to learning a little bit are there investment choices that are are present to me because if they’re not you may just go to the Fidelity or Schwab account and just just start it just get out of the 401K that we totally want to be behind you on that but then start your education yeah absolutely yeah and
(19:55) I think one of the things too is sell down to cash so usually you’re so step one I figured out what I got step two I’ve identified the account type I want and where I want to set it up maybe I wanted self-directing and I want to do real estate or alternative assets I go to directory maybe I’m like yeah just I’m going to trade whatever or I’m just going to buy more affordable or better performing ETFs or funds and I’m going to do that in a brokerage account whatever knock yourself out so so you’ve got the you know where it’s going okay
(20:22) but now we got to get it there now we like since you’re going to change the investment option you want to sell your fund that you have in your 41k and get to cash because but don’t I pay tax if I do that and go to cash no it’s in your 401k so there’s no tax on that when you sell that you’re going to get to cash then you’re going to roll so that’ be step three I guess is sell and get to cash step four is going to be you’re going to roll over that cash to the new account but hold isn’t there a fee to do that I there might be actually some 41
(20:53) you want to get one last stab in your back before you leave it’s nominal it’s got to be reasonable they get Reg on that so you might have a fee and to close it out but it’s it’s not an IRS fee though no there’s no tax there’s no IRS penalty or anything like this because you’re going from a 401k into an IRA which is still a qualified retirement account okay and you’re following no tax no take the money personally though that’s what we’re saying do not like take a distribution personally and you get the check personally of cash you deposit in your
(21:21) own bank account don’t do that some 401K providers will send you the check but it’s written to your IRA it’s written out to directed or it’s written out to Charles Schwab but they send it to you and then you’ve got to forward it on to your IRA provider just never deposit it personally into your account if you do or some of you have you’ve got to get familiar with the 60-day rule right away yeah and we have other podcasts on that we won’t go there now but just do not deposit the money make sure that when you go to roll over you’re going to
(21:50) marry up these two companies you’re going to tell the company where you set up the IRA a directed Ira we have a whole team over there they’re going to go you’re going to say the money is coming from my old 401K Fidelity and I open this new account with you will you help me do it they’re going to help they’re going to make sure the paperwork’s done no penalty no tax yeah now step five is going to be your old employer 401K is going to have a form you authorize to send the money going from IAS to IAS is actually different if you have an IRA
(22:19) with us we we request the money the new Ira provider goes and requests it from the old Ira provider it’s called a truste to truste transfer going from your old employer 401K though to an IRA the old employer 401K you have to initiate the request with them and then they will send it to the IRA provider and and what and what I’m getting at is you don’t have to figure this out we have live chat we have a phone number you can call they’re picking up our customer service ratings are the best in the industry you call up and say what do
(22:48) I ask my 41 company company just said we’re going to help walk you through it and all the big ones we know the process and their forms and what you’re going to need to do and we’ll walk you through it y now I want to say this if some of you have are like oh my gosh I wish I would have known this three years ago or 6 months ago when I moved my old 401K money to my new employer 401K that’s okay you got to contact your new employer 401k and go can you tell me how much of the current money in there is from and originated from my old employer
(23:19) and they’ll say xll and you’ll say great I’m I need the form to move that money to an IRA because you’re all to do that they can’t once you move it to that new employer 401K they can’t lock it down you under federal law you’re allowed to move it out if you choose to now I had a question for you are the earnings on that money part of the new employer 401k or they stay with the old employer 401K money do you know the earnings on the 401K so if they say I rolled over that 100 Grand to a new employer 401k and I
(23:52) made 5 grand on it yes the earnings should be tracking with the old 41k so the earnings from the old 441k this is what Mar talking about you got an old employer 401K rolled to a current employer 401k and now you’re still at that current employer 401K but you’ve got the old employer 401K plus the earnings from it that could be ripped out and rolled to an IRA okay yes all right love it yeah yeah so um all right so we’ve identified what we have we’ve opened the accounts or figured out the accounts we need we’ve opened them at
(24:19) the right place um we’ve sold them to cash um we’ve initiated the form with the old provider or the old employer 401K we’ve communicated with the new Ira provider that this money is coming cuz they want to know cuz they’ll just get a wire sometimes like what the hell was this um your name’s associated with it but we don’t you know so you got to there’s a little communication has to happen here um and then the big thing here is while this is happening there’s some time that happens there’s sometimes checks in the mail instead of wires
(24:49) happening or ACS in a 7-Day hold you know sometimes there’s issues like this with the money coming in the meantime start figuring out and this is a life long journey what to invest it in I want to make sure everybody realizes when you start out investing into alternative assets and you’re finding your deals you’re finding a real estate deal you’re finding a small business opportunity you’re finding a private fund this is a journey you will be the worst at it when you start you get better as you go you don’t get worse this is like anything
(25:17) new cooking pickle ball I don’t care what it is as you do it more and more you get better at it you get faster at it better performance I started pretty good at pickle ball you started pretty good at pickle ball yeah but guess I’m still improving so you’re better than where you started true you started good but now you’re great yes there you go okay fair enough so some of you might start at good and go to Great yes some you might start at what did you start at poor and now you’re good I’m I’m it’s been a while since Market I played
(25:44) pickle ball but I did you feel challeng in that did you I did lose we did go this is couples pickle we did go one out of three we played best of three and you only won two it’s not like you swept us yeah it true it was we won two out of three that mean it was respectable it was respectable didn’t you know have to be embarrassed yeah yeah and we we lost as some Champions yeah are you are you up for a challenge I we need a rematch MLK weekend I think so yeah okay chall on we’re going to have to report back to
(26:08) the show here uh so I just want to say that this you’re going to learn what to invest in and this is where you start getting engaged if you’re a real estate person this is what a lot of our clients here it’s like guys I’ve invested in 10 real estate deals I know real estate I’m a real estate agent and nobody told me I could even do this with an IRA I don’t need any help I’m ready to go tomorrow you’re telling me can use this for retirement account money to go invest something like I know a deal tomorrow to go into now some of you aren’t like that
(26:33) you need to get out there start networking some of you might do Buy and Hold rental stuff some of you might go and flip properties some of you might go private money lend it you’re like I just want to play the bank I don’t want to be doing this all day long you know so everybody’s got a little different way they’re going to do it the point of it is find what works for you you do need to build a network you need to get educated you need to learn this stuff but this money is a huge opportunity cuz for everybody that has this little
(26:57) sliver of the 30 trillion in retirement accounts out there we want you to grow that to be the biggest sliver out there as possible I want you to be able to get that 14% Mark was talking about that 12% return you did 12 right I did 12 you did 12% well your money is doubling every six years think about that that is insane yeah okay if you’re getting half that return 6% let’s say in an ETF for a mutual fund your money is doubling every 12 years okay you’re it’s taking twice as long to compound this money meanwhile
(27:23) you’re going to have half the amount of money in retirement you could otherwise have I love it okay couple last point points I’d like to throw out is some of you that left that own employer to become an entrepreneur and maybe your side houseold turned into your main hustle and you left your employer that 401k can actually be rolled into your own 401k and that’s an option too uh if you are thinking about setting up a solo 401k and you have a small business maybe you’re a solopreneur you’re single married but you don’t have other
(27:54) employees this is a great place to consider opening your own 401k where you control the fees but you still control the Investments they can even be better asset protected it allows you to put in more than $7,000 because now you control the 401K and the spicet of what’s going in and how it’s invested that can be exciting in our prior podcast we have shows dedicated to the solo 401K so check that out and I think the last thing is I want to say is start consuming information on this maybe you don’t take action tomorrow but start
(28:28) learning because learning takes away fear and learning helps you take action and we have so so many podcasts that help with special guests and interviews our workshops that are recorded you can get copies of those you can attend the new ones start building a new community what do they said if you want to start making money hang out with people that make money count up you look at your five friends what’s their average income what’s their average retirement balance divide it by five that’s going to be yours maybe you need to change your
(28:58) circle of people you associate with and learn with and that’s okay you can still go out and have drinks with your same poor friends but why don’t you go go to conferences and learn from people that become your new rich friends uh it works yeah it’s so true uh I think about myself that’s very true I go and double it in six years you need to be laser focused over on this other side here so many of us and this is what’s happened in our retirement accounts have just said set it and forget it like it’s freaking dehydrated food what Wall
(29:28) Street wants you to do that’s what they want you to do because that’s how they make the most money with doing the least amount of work you need to be engaged in that money make sure you know what’s going on with that money make sure you’re looking for opportunities to invest it to maximize it to double it as fast as possible think of that rule of 72 how fast of a return I can so I’m doubling that as quickly as possible get engaged with that that 30 trillion of US Dollars that’s out there you’ve got your sliver of it get engaged with it learn
(29:51) how it can be grown and um this is I think the fun thing to do about Building Wealth not thinking about how you can work twice as much to make 100 Grand how can my money work for me to make twice as much love it well everybody hopefully uh you may have F found something that is going to change your life in in a significant way maybe you can share this podcast with a friend or family member and maybe you’re new to the show and we’re like oh my gosh these guys aren’t too bad to listen to I hope and uh if you’re catching Us on YouTube easy on
(30:22) the eyes we’re trying we we had bringing a whole makeup team for every show just they’re definitely earning their money there yeah they are uh so please uh please continue to look at the prior shows subscribe give us a festar if you feel so inclined we really want to be a voice of reason for people out there that are dissatisfied with the results are getting in their current retirement account and feel like they don’t have a choice we want to empower you we want to set you free and set your 401k free thanks so much for listening and uh
(30:53) we’ll see you next week see you next time