How Do I Invest My 401k? (Your Letters)
The Stacking Benjamins Show
Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP
4.4 • 2K Ratings
🗓️ 7 August 2017
⏱️ 58 minutes
🧾️ Download transcript
Summary
401k plans, Roth IRAs, Coverdell IRAs, separately managed accounts, and more. What do they have in common? YOU asked about all of these and more on today's show! Our letters episodes are some of our most downloaded podcasts and today we'll fill empty the mailbag by answering SEVEN of your questions to the podcast.
In our headline segment we kiss the MyRA goodbye. Why did it fail? While we don't know the reason for sure, the guys discuss what might have gone wrong and if you were hoping to use the MyRA, what some great alternatives might be. We also talk to Mike Brown from LendEDU about their recent credit cards and millennials survey. Wait until you see what SOME millennials think happens to your credit score when you miss a payment. You'll be shocked....
We'll also throw out the Haven Life Line, feature some hair-raising trivia from Doug, and more.
Special thanks to M1Finance and Tiller for sponsoring our show! We couldn't do any of this without the support of this awesome company.
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Transcript
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| 0:00.0 | In a world where overspending, debt, and keeping up with the Joneses rules us all, |
| 0:10.0 | where the voices from the merchants, restaurants, and credit companies lured over the common man. |
| 0:16.0 | Out of the darkness, like a beacon of hope, comes a new voice, a voice that's rich and creamy, |
| 0:23.4 | like your favorite butter, and delicious, like cheeseburger pizza on your diet cheat day. |
| 0:30.8 | It's the Stacking Benjamin Show. |
| 0:45.1 | Live from Joe's mom's basement hits the Stacking Benjamin show. |
| 0:54.9 | Hey there, money nerds. |
| 1:00.7 | I'm Joe's mom's neighbor, Doug, and I'd love to tell you about today's show, but we have a major problem, Houston. |
| 1:04.1 | I apparently have a bald spot on the back of my head. |
| 1:05.3 | A bald spot. |
| 1:09.1 | Now I'm only amazingly attractive from three different angles. |
| 1:11.3 | I'm going to have to figure this out, but on today's show, we're turning the spotlight on you with another letters episode. Plus, in our headlines, |
| 1:17.0 | a popular site is out with their annual Millennials and Credit Card Survey. We'll talk to Mike |
| 1:22.1 | Brown from Lend EDU about the results and how you can better handle credit. |
| 1:30.9 | Plus, the government is axing a not so popular savings shelter. |
| 1:33.8 | We'll also throw out the Haven Lifeline to Jay, |
| 1:37.4 | whose advisor is recommending some active trading in his IRA and save time for my hair-raising trivia. |
| 1:41.0 | And here they are two guys who are collectively the bald spot on this podcast |
| 1:45.4 | joe and oh j j j j j j j j j j j j j j j j j j j j is beautiful man you know i told you |
| 1:58.8 | you know i told you what my kid said about the little uh little circle that's going on the top of my head, right? |
| 2:03.6 | I don't know if it was my 8-year-old or 10-year-old who said it, but one of them said, |
| 2:07.4 | Dad, you have like a black hole on the top of your head, and it is sucking in all of that hair. |
... |
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