Iโm begging you to stop using a 401(k) Iโm begging you to stop using a 401(k) Work with me: https://mike-palmer.showrunner.one/r/d533f0612ddc I share why I'm telling people to stop maxing their 401k, and it's a mistake I made with my own money. As a certified financial planner for over 30 years, I explain how 401k overfunding quietly creates a retirement tax bomb, even for disciplined savers who did everything "right." I break down why a pre-tax retirement account isn't automatically the smartest place for every extra dollar once you've built a solid balance. I walk through the real cost of overfunding, including how RMD rules and the 401k early withdrawal penalty limit your control, and how forced distributions can trigger a bigger irmaa medicare surcharge than most people expect. I explain the idea of retirement account optionality, why taxable account flexibility matters, and how a taxable brokerage account gives you access your 401k simply can't. I also cover why account type diversification retirement matters as much as how much you save, comparing tax deferred vs tax free vs taxable accounts and how balancing all three creates real retirement flexibility. I explain why I still keep maxing my backdoor roth ira strategy even while I've stopped maxing my 401k, and why getting your 401k employer match is still non-negotiable. This is exactly the kind of blind spot we help people uncover at Arc Royal Wealth Management, and I walk through the framework I now use for deciding where each new retirement dollar should go. #401k #401kplan #retirementsavings -------------- As a fee only fiduciary firm, we do not sell products or earn commissions. Our advice is aligned with your best interest. And our goal is to help individuals and families make smarter financial decisions with confidence. We are based in Raleigh and Charlotte and we serve clients across the United States with personalized financial planning, investment management, retirement planning, and tax optimization. -------------- ๐ Disclaimer: Advisory services are offered through Ark Royal Wealth Management LLC, an SEC-registered investment adviser. This content is intended for informational and educational purposes only and should not be considered personalized investment, tax, or legal advice. Viewing this content does not create an advisory relationship. We do not provide tax preparation or legal services. Always consult an investment, tax or legal professional regarding your specific situation. The strategies, case studies, and examples discussed may not be suitable for everyone. They are hypothetical and for illustrative and educational purposes only. They do not reflect actual client results and are not guarantees of future performance. All investments involve risk, including the potential loss of principal. Comments reflect the views of individual users and do not necessarily represent the views of Ark Royal Wealth Management. They are not verified, may not be accurate, and should not be considered testimonials or endorsements. Topics we cover on this video: retirement lessons, retirement planning, retirement withdrawal strategy, social security timing, roth conversion strategy, medicare premium surcharge, go go slow go no go years, retirement spending phases, dynamic spending retirement, permission to spend retirement, 4 percent rule, retirement income planning, surviving spouse financial plan, in case of emergency blueprint, retirement tax planning, sequence of returns risk, retirement mistakes, underspending retirement, retirement phases, retirement confidence, retirement income plan https://www.youtube.com/watch?v=9vdqs3p_nw0 via Ark Royal Wealth Management https://www.youtube.com/channel/UCVpo_9eJdigAdxCOpr5yCsg August 22, 2026 at 08:00PM
