How Do I Build a Stream of Retirement Money?

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

🗓️ 30 July 2018

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Have you been waiting for us to answer your letter? It's your lucky day because we're dedicating today's show to answering your questions. We're covering diversification, retirement, investing, Fintech, dividends and everything in between on our special letters episode.

Before we get to your letters, In our headlines segment we're taking a look at emergency funds and long-term care dollars. Are you thinking about cutting corners and that maybe you can get by day-to-day without some sort of emergency fund? That could spell some bad news down the road. And in our second headline we'll spend a few minutes talking about proper planning for long-term care. The costs can pile on quicker than you think, and deciding your strategy isn't easy.

Plus, it's National Cheesecake Day! Doug's all excited, and so are we. Plus, in honor of Henry Ford's birthday, we'll have some Ford-related trivia that even if you aren't a car buff, you JUST might know the answer to...

Thanks to Stamps.com for supporting Stacking Benjamins. For a 4 week trial (that includes a digital scale and postage) go to Stamps.com, click on the microphone at the top of the homepage, and enter SB.

Thanks to Emperor Investments for supporting Stacking Benjamins. Go to emperorinvests.com/sb and select "Stacking Benjamins podcast" when asked how you heard about the show.

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Transcript

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0:00.0	Ladies and gentlemen, we have a big show, a real big shoe.
0:09.7	Live from Joe's Mom's Basement, it's the Stacking Benjamin Show.
0:29.1	I'm Joe's Bobzaber Duggan, say cheese, because today is National Cheesecake Day.
0:33.6	And because today we're answering your letters from the mailbag.
0:37.3	Is it easy to build a stream of money that comes in from your stocks? How do Roth 401K plans work?
0:40.6	What's the name of that cool fintech company from a while ago that we talked about that makes
0:45.6	the thingy? You know, that one thingy. We'll answer those specific questions. Plus, throw down
0:52.1	some mind-bending trivia, share some headlines ripped from the popular press,
0:56.2	and much, much more.
0:58.8	And now two guys who always love a good mail day,
1:02.7	Joe and O, J-J-J-J-J-J-G.
1:17.6	You know the days I miss. I miss when I would get the 15 CDs for a penny males.
1:19.4	Yeah, we've talked about that, right?
1:23.6	How that business model just really didn't take off the way that Columbia Records thought it would.
1:24.8	I think it did. I just think that now 15 MP3s isn't the same sexiness, I suppose.
1:30.7	It's not. But speaking of that sexy voice across the card table from me,
1:35.6	yeah, that's not good. Is the one and only OG, or as we call him sometimes, the other guy?
1:42.6	Yes, that's me.
1:44.5	I'm here in the partially remodeled basement.
1:48.8	It's coming.
1:50.3	It's coming.
1:51.7	I feel like this is going to be like every construction project ever where it's going to take a really long time to realize the vision.
	...

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