10 Lessons For A Successful Retirement (with an intro to Everplans)

The Stacking Benjamins Show

Joe Saul-Sehy | Cumulus Podcast Network

Investing, Business, Self-improvement, Education

4.2 • 1.9K Ratings

🗓️ 12 March 2021

⏱️ 90 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Spend less than you earn, invest, Stack Benjamins, and retire to a beach for the rest of your life, (or insert personal retirement fantasy here). It sounds simple... right? As a set of guidelines, sure it's simple. BUT in reality, it's not so easy, and as studies have shown time and time again, doing your dream retirement activity (like golf) every day gets old very quickly. While money is obviously the most important component to any retirement, the "to-do" list doesn't stop there. Helping us fill in the blanks, and joining us for our round table today, we welcome CFP Dana Anspach from Sensible Money, Len Penzo from the LenPenzo.com blog, and our very own OG. EverPlans: Introducing a company helping you plan for the worst. After our contributors get their fill on retirement advice, Joe sits down with the founders of Everplans, a company designed to help you store key information in one place in case of the worst happening. During our Friday Fintech interview, company founders Abby Schneiderman and Adam Seifer explain why it's so important for your loved ones to have easy access to your important documents, and how quickly things can go wrong when your family can't access your information. They take a topic most of us would rather put off and share stories that are fun, insightful, and actionable. We're glad to shine some light on the importance of making sure your family is taken care of in case of the worst happening. Should you hold onto bonds for a change to make money on the market? As always, we finish today's show with a MagnifyMoney question. Scott tells us he's holding long-term Treasury bonds in his portfolio with the hope the bonds will jump in price when the stock market crashes. He would then use the profit to buy stocks while they're low. Scott asks: do long-term treasuries still spike in a near-zero interest rate environment, or does that only happen when rates are cut? Of course, Doug gets airtime halfway through the episode for his game show, and he's in the holiday spirit today. You'll see what holiday season he means later... enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Well, wherever you are, if you're listening in the United States, you're able to listen because of the fact that people like my nephew, Colin, who OG is on a submarine as we speak in some unspecified location.
0:14.0	Norfolk, Virginia.
0:18.0	Connecticut floating around the ocean.
0:21.0	Do they have windows on subs? You know, like on a cruise ship where you can, you know, you get like, hey, I got the window cruise thing. I got a balcony.
0:29.0	I mean, I guess it wouldn't be good to have a balcony on a submarine, but maybe a little porthole so you can look out and be like, oh, yeah, it's still dark under here.
0:37.0	It's, wow, we're really low.
0:39.0	Still pitch black.
0:40.0	Get 1000 feet below the waterline.
0:42.0	Yeah, if somebody gets a suite on a sub, there was a big mistake that was made.
0:46.0	You're on the wrong cruise ship.
0:49.0	I've decided that.
0:50.0	So on behalf of OG and I and our friends at Navy Federal Credit Union, we'd like to salute our troops before we start the show.
0:58.0	Let's all go stacks and Benjamin's people.
1:03.0	In a world where overspending, dead, and keeping up with the Jones's rules, us all, we're the voices from the merchants, restaurants, and credit companies lured over the common man.
1:17.0	Out of the darkness, like a beacon of hope, comes a new voice, a voice that's rich and creamy, like your favorite butter and delicious, like cheeseburger pizza on your diet cheat day.
1:31.0	It's The Stacking Benjamin Show.
1:40.0	Live from Joe's mom's basement.
1:43.0	It's The Stacking Benjamin Show.
1:47.0	I'm Joe's mom's neighbor, Doug, and I can't wait to retire to some white sand beach in the Caribbean.
2:02.0	What is it, the Caribbean?
2:05.0	It's probably the same place.
2:06.0	And apparently, according to today's discussion, retirement might not be quite that easy.
	...

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