Great episode. Compounding also works against you with 401k fees. Account administration fees, mutual fund fees, and hidden fees can be around 2%. Doesn't sound like much right? But over a 40 investment life?

$10,000 investment @ a CAGR of 8% grows to $217,000 over 40 years

With 2% yearly fees, it's only $103,0000

They take half of your gains! Add inflation and you'll never get ahead.