How Can You Prevent Identity Theft?

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Business, Investing

4.7 • 3.1K Ratings

🗓️ 2 September 2024

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

"What can we all do to prevent identity theft besides doing things like freezing our credit? I'm not sure if you've gone over this topic before." We'll walk you through that question and more in today's Q&A episode! Jump start your journey with our FREE financial resources Reach your goals faster with our products Take the relationship to the next level: become a client Subscribe on YouTube for early access and go beyond the podcast Connect with us on social media for more content Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	All right.
0:02.0	Logan. Logan.
0:03.0	All right, this next question. This is from Logan.
0:10.0	Uh, all right.
0:12.0	Logan said, is there any recommendation for...
0:14.4	Is this Wolverine?
0:15.2	I don't think it's Wolverine.
0:16.8	It might be.
0:17.6	It could be.
0:19.3	Is there any recommendation for where best to hyper-accumulate after 25%. Is it fine to continue in my 401k as
0:29.8	25% does not max it out? In other words, I'm hitting 25% before I get fully out of step six.
0:36.0	Or is there an advantage of holding or investing it elsewhere?
0:40.0	Yeah. We get this question all the time, how do we think about that I know that
0:44.6	If only there was an easy solution. You too should go to money guy
0:50.3	dot com slash resources download this solution but also subscribe to the channel
0:54.8	yep this is an order a financial order of operations question without a doubt
1:01.0	how do you graduate beyond step six, which is max out retirement?
1:05.8	You've already heard Logan share that he can reach 25% but still not max out the full
1:11.9	what the government allows you to put into the 401k.
1:14.2	That means that he's extremely disciplined and actually maximizing his saving opportunities,
1:20.0	but his income hasn't quite reached a point where it actually loads up when you get a 25%
1:25.0	to the full $23,000 that the government allows you to maximize.
	...

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