9 Retirement Savings Lies (plus an intro to Fee Belly) SB RWD 95

The Stacking Benjamins Show

Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP

Personal Finance, Financial Planning, Education, Retirement, Investing, Cfp, Business, Money

4.4 • 2K Ratings

🗓️ 5 July 2019

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What are some of the biggest lies of retirement planning? Today we'll finish off our rewind week with one of our old school roundtable episodes. Back in 2017, we discussed 9 lies we're told about retirement planning. Going through the list with us was Paula Pant, former roundtable regular Greg Mcfarlane, and special guest Rich Jones from the Paychecks and Balances podcast.

Plus, long time listeners may remember this old segment: we also had a rousing conversation about a Marketwatch Moneyologist piece. If you had two kids, and one was irresponsible with money, would you disown him? That question spurred some interesting estate planning chatter that may bring up points you may want to address in your own planning.

Here is our original show description:

On today's podcast we're talking about lying. A recent news piece reports that there are nine lies we're told about retirement planning. We'll break them down with Greg, Paula, and special guest Rich Jones from the hit podcast Paychecks and Balances.

We won't stop there, thought. We'll also discuss a recent question to the Moneyologist at MarketWatch. If you had two kids and one was irresponsible, would you disown him? We ask our roundtable that very question and come up with some interesting estate planning themes you may want to address in your own planning.

On the Freshbooks FinTech segment we talk to Michael Asare from Fee Belly. Ever feel like the fine print in a contract is completely against you? Fee Belly was designed to show you ALL of the fine print by highlighting it so you can easily see where contracts might not be in your favor. We'll ask him how it works on today's podcast.

Thanks to SoFi and MagnifyMoney.com for sponsoring our show!

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Transcript

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0:00.0	Good evening. I'm Ron Burgundy, and this is what's happening in your world tonight.
0:08.7	Hey, Money Nerds, I'm Joe's mom's neighbor, Doug, and this is the Stacking Benjamin Show.
0:28.7	It's a fantastic Friday, and we're about to spice it up even more with a great lineup for you.
0:33.6	From the Paychecks and Balances podcast, please help us welcome Rich Jones.
0:40.9	And author of the amazing book, Control Your Cash, it's Greg McFarlane. And finally,
0:47.2	from Afford Anything, Paula Pant. And here he is, the guy you think of when you think retirement, Joe Saul See-high.
1:01.0	I'm not sure what that means, but I'm sure it doesn't mean that he thinks I should retire.
1:01.7	Hey, everybody.
1:04.8	I am Joe Solcihi, Ever Show Money on Twitter.
1:05.9	And welcome to Friday.
1:09.8	We've got the equipment out for the road.
1:28.5	We take it out and get it ready. We're going to be doing some road stuff soon, and I'm all excited about it. So we're going to have a little bit different microphone here at the beginning, just to make sure that this stuff is ready to go when we need it. It's a little like September 20th, 2013 when I got my new Nike shoes. I hear about Nike shoes, by the way, and I think of the band The Gorillas. Anybody know that song? Great music. But anyway, on top of all those great
1:34.6	people that Doug talked about, we also have Michael Aseri coming down to the basement during the
1:38.8	Fresh Books fintech segment. We're going to introduce you to this thing called fee belly. And as you may know, if you've listened to the show before, we don't endorse any of the FinTech products or fintech people that we have on. We just like showing you there's all this cool new technology and people really taking advantage of it. And Michael Asari and his team over at fee belly are doing a heck of a job of that. Speaking of a heck of a job, you'll do a heck of a job for yourself when you head to
2:04.3	stackybenjamins.com forward slash magnify money because magnify money is the place where you go
2:11.1	when you want to look at over 92% of the things that are available out there, whether
2:16.4	it's for your checking account, your savings
2:18.1	account, or your debt products.
2:20.4	Magnify Money is the number one place.
2:22.3	You know, we test drive and we shop for everything, don't we?
2:27.4	We shop for new jeans.
2:28.8	Well, I don't.
	...

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