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The Stacking Benjamins Show

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

4.42K Ratings

🗓️ 5 July 2019

⏱️ 61 minutes

🧾️ 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! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

You know in today's world seems like the best treatments reserved only for a few. Well,

0:04.4

Discover wants to change that by making everyone feel special. That's why with your Discover card

0:09.8

you have access to 24-7 live customer service as well as $0 fraud liability, which means you're never

0:16.5

held responsible for unauthorized purchases. Finally, no matter who you are or where you are in life,

0:22.4

you'll feel special with Discover. Learn more. No matter who you are or where you are in life,

0:22.6

you'll feel special with Discover.

0:24.6

Learn more at Discover.com slash credit card.

0:27.4

Limitations apply.

0:29.2

Good evening.

0:29.9

I'm Ron Burgundy and this is what's happening

0:31.6

in your world tonight.

0:33.0

Hey Money Nurds, I'm Joe's Mom's Neighbor Dug and this is the Stacking Benjamin show. It's a fantastic Friday and we're about to spice it up even more with a great lineup for you.

0:58.0

From the Paychex and Balances Podcast, please help us welcome Rich Jones.

1:03.0

And author of the amazing book,

1:05.0

Control your cash.

1:06.0

It's Greg McFarland.

1:08.0

And finally,

1:10.0

From a Ford anything, Paula pant.

1:13.0

And here he is, the guy you think of when you think retirement,

1:17.0

Joe Saul Seahy. I'm not sure what that means but I'm sure it doesn't mean that he thinks I should retire.

1:30.1

Hey everybody, I am Joe Salce, I'll see hi, every show money on Twitter and welcome to Friday.

1:35.6

We've got the equipment out for the road.

...

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