What we’ve been told about the tax savings in these plans is a lie. Key takeaways: • How did they sell it to us? • Who stands to benefit from it? • Nate gives a hypothetical example of how one could potentially end up paying more taxes in retirement that you saved during your working career! • What to do instead to help avoid that happening. • What amount should you have in these plans when you retire to help avoid paying tax on your Social Security income.