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Your Money, Your Wealth

7 Tips and Financial Benefits for Military Families - 198

Your Money, Your Wealth

Your Money, Your Wealth

Realestate, Income, Investing, Personalfinance, 401k, Rothconversion, Retirement, Education, Taxes, Socialsecurity, Personalfinances, Finance, Retirementplanning, Investments, Stocks, Business, Roth, Fiduciary, Ira

2.3681 Ratings

🗓️ 4 December 2018

⏱️ 49 minutes

🧾️ Download transcript

Summary

Ellie Kay and Bethany Bayless (Heroes at Home, The Money Millhouse podcast) share some of the financial challenges America's military families face that civilians may not think about - along with some tips and benefits to help them make the most of their money. Plus, Joe and Al answer your money questions: when should you claim Social Security to avoid any changes for the worst that the government might make to the system? Is a Roth 401(k) or a traditional 401(k) better for dealing with taxes and inflation? And, Joe, Al, and Andi share their Cyber Monday shopping stories. Transcript & show notes: http://bit.ly/YMYW-198

Transcript

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0:00.0

Today on your money, your wealth, you asked for it and we're delivering a few financial

0:04.4

strategies for our armed forces.

0:07.2

Plus, Joe Anderson's CFP and Big Al-Clobe find CPA answer your money questions.

0:12.2

When should you claim Social Security to avoid any changes for the worst that the government

0:16.3

might be making to the system?

0:18.2

And is it better to contribute to a Roth 401k or a traditional 401k when

0:22.7

dealing with taxes and inflation? And Joe and Al and I go off on a total derail telling stories

0:28.4

of Cyber Monday shopping and trips to Vegas and a whole bunch of other silly stuff. But first,

0:33.1

our armed forces face some unique financial challenges that civilians may not think about.

0:38.3

Today, we're bringing in the heavy artillery with some tips and benefits available exclusively

0:42.9

to our military members and their families.

0:45.6

We got two very special guests, Andy.

0:48.0

We do. I'm super excited about this.

0:50.2

Bethany and I actually met at FinCon, and we bonded.

0:53.1

So I said, we've got to have you guys on the show.

0:55.2

So we have with us, Ellie K and Bethany Bayliss.

0:58.0

They're the founder and director of communications, respectively, of the nonprofit Heroes at Home,

1:02.6

which is a free financial education event that they've taken across the country and around the world for the last decade

1:08.6

to provide financial education to help United States

1:11.7

Armed Forces families pay off debt, build savings, and learn how to get more for less.

1:17.9

Ellie Kay is America's family financial expert. She's the wife of the world's greatest fighter pilot,

1:23.4

I understand. She's the best-selling author of 15 books and a popular media guest on Fox and ABC News, among others.

...

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