Fidelity Drops TWO Zero Fees Funds Into the Market

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

🗓️ 6 August 2018

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

We've said for awhile that the fee game is a "race to the bottom," and last week....we reached the bottom. Fidelity dropped some big news in the financial world last week: not only did they slash a bunch of fees, they also introduced two no-fee mutual funds. What does it mean? How does these new funds work? We've got you covered. First, we'll talk to the VP of Retirement for Fidelity, Ken Hevert, for more information on the company's latest move, and later in the show, OG and Joe will break down what this might mean for you and your money. PLUS, during our headlines segment we'll dig into a Wall Street Journal report covering how one big bank is still finding new ways to surprise their customers... and not in a good way. And during the Haven Life Line we're talking to Colin about Roth and Traditional 401ks. What's the best way to use them so he can retire early? Don't worry, we'll still have time for a Doug's trivia and to answer a listener letter from Kurt. With a baby on the way, what should Kurt and his wife be doing to be financially prepared? Thanks to Away for supporting Stacking Benjamins. Go to Awaytravel.com/sb and use the promo code sb to score $20 off your next suitcase! Thanks to Harry’s for supporting Stacking Benjamins. Get your Trial Set – go to Harrys.com/sb Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hey everyone, I'm Pauline from the blog Great Financial Independence.com
0:04.6	and when I'm not spending all my money biking around Europe I'm stacking
0:08.4	Benjamin's in Guatemala. Live from Joe's Mom's Basement, it's the Stacking Benjamin Show. show.
0:23.0	I'm Joe's mom's neighbor Doug and you know a
0:29.0	I'm Joe's mom's neighbor Doug and you know a couple of weeks ago I saw the government
0:33.2	offered a new GDP report I am not sure why they focus on GDP so much or what that's
0:39.4	even got to do with me but you know but we'll tackle that later because there was bigger
0:44.2	news last week. Fidelity just introduced two no-fee mutual funds and slashed
0:49.8	fees on lots of their business. What does it mean for your money? Today we welcome
0:55.2	from Fidelity Investments Vice President of Retirement, Ken Hevert. In our headline segment
1:01.8	the Wall Street Journal reports that one big bank is still finding ways to sock it to their customers.
1:08.0	And not in a good way.
1:10.0	And when we throw out the Haven Lifeline, we'll talk to Colin who wonders about Roth and
1:15.1	traditional 401k accounts.
1:17.8	How should he use them to best retire early?
1:21.2	We'll also bring the show to a crescendo and apex, as Zenith, one might say, with my amazing
1:29.9	trivia. And now, two guys who have been peddling this show for Zero Fies, Joe and Oh,
1:37.0	j-j-j-j-j-j-j-jee! And even with no fee, it's still a questionable value.
1:49.0	I was going to say, aren't we the NASCAR?
1:51.0	He's around.
1:52.0	Hey kids, welcome to another episode of Stacking Bedjamins.
1:56.0	If we sound different today, it's because we have rolled out the mobile mics to check these out,
	...

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