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Money Guy Show

4 Life-Changing Investment Accounts That You May Not Know About!

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.62.8K Ratings

🗓️ 19 April 2019

⏱️ 43 minutes

🧾️ Download transcript

Summary

There are four accounts that you may or may not be aware of that can change your financial life. This is not clickbait, we want to share with you about these accounts because they can transform your finances. We were inspired to produce today’s episode from the many emails and questions we have received from you, our loyal listeners.

As you know, The Money Guy Show exists to help you make simple and smart choices with your money. We are passionate about everyone saving for the future, and we always want to make sure that we help you succeed. Tune in to this week’s episode as we share the four investment accounts that can potentially change your life.

For more details, please visit the show notes on our website: https://www.moneyguy.com/2019/04/four-investment-accounts

Transcript

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0:00.0

For accounts, you might not know about the could change your financial life.

0:05.5

It's Brian Preston, the money guy, restoring order to your financial chaos, retirement, investing, taxes.

0:14.5

You've got financial questions, he's got financial answers. It's Brian Preston, the money guy.

0:21.0

So here's what I think is so great, right? That sounded like clickbait, right? Like, oh, it's not real.

0:25.5

This really is true. Like, if you're someone who has the ability to use these accounts and you fall into this category,

0:31.0

it is something that can quite literally be life changing. And I think that's amazing. And I think you know how I know people don't know about a lot of these?

0:39.5

Because we get emails all the time. Hey, can you tell us about this or hey, I heard about this thing or hey, what is this?

0:45.0

I just love when we can open people's eyes to things they might not know. That's the whole reason we do this show.

0:50.0

And I think each one of these accounts, I love that we do highlight episodes where we can break out into small digestible chunks.

0:57.0

I think each one of these is going to be able to stand on their own and be something that can for years be a resource to people as well.

1:03.0

By the way, if you're just now tuning in, this is the money guy show go to money guy calm.

1:07.5

If you want to get show notes, if you want to give us your email address as well as your zip code, just in case we want to drop into your neck of the woods,

1:14.5

that's how we're going to stay connected with you. So go to money guy calm. Also, you probably notice right behind us in studio, we have a YouTube ticker that if you want to subscribe, you can, you know, we will keep that number going up.

1:27.5

And then we do a live stream every two weeks on Tuesday, even though we're recording this on Monday currently. So make sure you subscribe.

1:36.0

And then also even click the little bell button so you get notifications whenever we do have updates or things going on with our YouTube channel.

1:44.0

Love it. So let's, I mean, by the way, I didn't even ask you, when I was putting these four together, we didn't talk about order.

1:53.0

So I'm willing since we're doing this on a Monday, we're doing a double header, where we're doing two live episodes at once that we're recording and live streaming.

2:02.0

Do you want to just name which account you think should have been named first or do you want to just go in the order I have.

2:07.0

I think the order you have in is actually fantastic. I do want to say what the four accounts are on the onset. So everybody knows the four we're going to talk about.

2:14.0

And then I think we should go in this order because I just love the way you've done.

2:17.0

Okay, you do the setup with the four accounts and then I'll kind of jump into the first.

2:21.0

So the four accounts that we think that you also know about that you might not know about are able accounts, health, same as accounts, dependent care, flexible, spending accounts and then custodial Roth or minor Roth accounts, minor Roth IRAs.

...

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