Behind the Curtain of 401K Plans with Law Professors Ian Ayres and Quinn Curtis
Two Quants and a Financial PlannerAugust 28, 202300:56:36

Behind the Curtain of 401K Plans with Law Professors Ian Ayres and Quinn Curtis

Many Americans rely on 401k plans as the primary source to fund their retirements. But many also don't understand the behind-the-scenes details that play a significant role in the outcomes they generate with these retirement plans. In this episode, we speak with Yale law professor Ian Ayres and UVA law professor Quinn Curtis to help us fill in these gaps and discuss how retirement plans can produce better outcomes for their participants. We look at the history of retirement plans and how they have evolved, why choice can be a double-edged sword, how guardrails can improve outcomes and a lot more.

00:00 - Intro
03:06 - The evolution of retirement plans over time
06:24 - Ian's experience writing 6000 letters to plan administrators
10:40 - The biggest improvements to retirement plans over time
13:37 - Understanding retirement plan fees
16:40 - The double-edged sword of choice
19:45 - Gold funds and the impact of choice on retirement plans
25:29 - What plans do to educate their participants
30:50 - Retirement guardrails
34:52 - Plan monitoring and outcomes
41:46 - The three biggest mistakes plan participants should avoid
47:01 - Secure Act 2.0 and retirement plans
49:19 - Supplemental Social Security and options to improve outcomes outside of plans

ABOUT THE PODCAST
Learning how to be a financial planner is one thing. Doing it is another. Follow along with new financial planners Jack Forehand (@practicalquant) and Justin Carbonneau (@jjcarbonneau) as experienced veteran Matt Zeigler (@cultishcreative) helps them navigate the complex world of financial planning and learn about the most important topics that impact all of our financial futures. From investments to retirement to college planning to estate planning to insurance and beyond, we will cover the major financial planning issues that impact all of our lives and will provide a framework to help investors tackle them. We hope you will join us on our learning journey.

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