Advice We Wish We'd Been Handed At Age 22 (Your Letters)

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

🗓️ 12 December 2018

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

What do you wish someone had told you when you were 22 years old? How much would it have changed your trajectory? Would you have even listened to the advice? Today we're not just doling out idea to help your financial future....the guys are answering your specific financial questions. We'll also tackle questions about converting an IRA to a Roth IRA (how do you do it?), about why we always use 7-10% as our assumption over long periods when talking about the stock market, and how to know if you're ahead or behind on achieving your financial plan. Plus in our headlines segment, with all of the stock market gyrations lately, what's the right thing to do with your money? While many publications like to talk about all the ways people can panic, one seems to be the voice of reason....we'll share which one and details on HOW they suggest coping with stock market uneasiness on today's podcast. Later we'll throw out the Haven Life Line to Ramon. He's hoping to find solutions for his joint budget with his spouse. How does he rectify expenses that are withheld from his paycheck before he receives his money? What if he and his spouse have different amounts taken out? We'll answer all of Ramon's budgeting problems and discuss budgets in general. Thanks to MagnifyMoney.com for sponsoring Stacking Benjamins. MagnifyMoney.com saves users on average $450 when they compare, ditch, switch and save on credit cards, student loan refinancing, checking, savings and more. Check out MagnifyMoney.com for your savings. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	DelSugger Monday events, their biggest sale of the year, shop limited time deals on laptops like the stylish innovative XBS 13 engineered to do it all on the Intel Evo platform.
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0:21.1	that's Dell.com slash deals.
0:24.3	Oh hello you're probably here about the story.
0:33.0	Elves love to tell stories.
0:36.0	I bet you didn't know that about elves.
0:39.0	There's probably a lot of things you didn't know about else.
0:43.0	Live from Joe's mom's basement, it's the Stacking Benjamin show.
0:53.2	I'm Joe's Mom's Day and Joe's Mom's Neighbor Duggan. We're rolling out the red carpet today for you.
1:07.0	Today we'll answer your questions, including how to know if you're on track to meet your goals.
1:12.0	Whether it makes sense to pay a tax penalty to
1:14.3	convert an IRA to a Roth, what returns we should expect from the stock market
1:18.7	and more. Plus in our headline segment we'll tackle how the pros handle nasty markets.
1:24.6	We'll also throw out the Haven Lifeline and offer up a slice of my trivia.
1:29.5	And now two guys who have the sleds out to slide this week down to Friday.
1:34.4	Here come Joe and O J-J-J-J-J-J-J-G.
1:40.4	I used to love sledding but I haven't been on a sled in forever.
1:47.0	Spring break this year the OG family is headed to the mountains to get our full dose of winter weather.
1:55.4	Oh I see you just go for a week and get it when you want it and then go back to you know
2:00.7	kind of exactly how I run my life I get everything I want when I want it yeah no
2:05.3	that's not true this took many many days of staying in Mariots to earn enough points
	...

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