401(k)

“Like, every American, instead of having a social security account, they should have the equivalent of a four or one K where they own stocks, and when they retire, they get all those stocks.”

“In the coming years, we've been vocal Figuring out how we're going to be accessing the four one K market, the traditional asset manager. So the mutual fund market, the ETF market, those are some of the places we're going now.”

“And for one K is going to open up to private assets. That's a 13 trillion dollar market that has essentially zero private assets in it.”

“And I feel like if you look at private assets the market today is high teens, trillions, call it 18 trillion. You know, the executive order just came out in August to allow alternative assets into four or one case, which will make this a 25 to 30 trillion doll…”

“What's more likely is we over time as an industry work on daily pricing, all of the various different private markets.”

“If you can structure your for one K in a way that you can put in 70,000 dollars a year into your Roth IRA, which I do now, honestly, just the sport of the sport of it is, is fun enough.”

“It's like, 65, 70% of people don't understand they're paying asset-based fees in their for one K. No idea.”

“So in the end, the asset base fee for task rabbit early on was 1.67% or 167 basis points.”

“It's not that way anymore. And I think guideline had a lot to do with that. But that industry average has come way down. It's now maybe like 80 basis points, 90 basis points or something like that, just fee compression over time.”

“Early on, our very first product wasn't for one K wasn't guideline. It was really just surfacing these fees to the people that were already participating in a for one K. So we built this tool so you could look up your for one K. And we would give you an estima…”

“Like take it to an individual and show them how much money they're losing over the next 20 years just by paying those fees. And it's a large sum of money. Some of it is 400 to 600,000 dollars. The difference between 1.6% and eight basis points. It's a ton of m…”

“There is no beta at guideline because you can't sign up for a Free for one K like the IRS does not care. Like promise you that like you better be licensed day one.”

“I think the stat is 76% of all investors in the United States first learn to invest in their for one K”

“Today. A hundred percent of our plans are auto enrolled. So we don't have anybody that's opted out. If you don't want auto enrollment, you don't get a guideline plan.”

“And for one K is one of those sleepy industries that you don't realize, but it's the second most requested benefit next to healthcare.”

“By the way four one K is 11 trillion dollars, ok? People are adding to that 11 trillion dollars every two weeks when they get paid.”

“We're seeing another 40% put it into long-term retirement savings, things like an IRA, Or a four Oh one K and actually the smallest minority, maybe it's maybe it's 15% is putting putting that money toward say an immediate spending need.”

“I messed up cash flow back in 2014, and it was really stressful for about six months where I was like, am I going to cash out a four oh one K or take out money on a credit card”

“Take those three factors, not taking money out, keep it, put adding more money in rate of return. You easily double your four one K, maybe triple it.”

“Everything else is just absolute speculation. And that's what most people are doing with their four or one case. They're speculating.”