How to Avoid a Holiday Hangover

The Stacking Benjamins Show

Joe Saul-Sehy | Cumulus Podcast Network

Investing, Business, Self-improvement, Education

4.2 • 1.9K Ratings

🗓️ 6 November 2020

⏱️ 106 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On today's show, we bring you a cornucopia of November financial topics! Is your rule of thumb going to leave you broke in retirement? We'll start off by talking about the nerd's updated version of the 4% rule and maybe throw in some advice explaining why generalized guidelines aren't the best investing strategy. Plus, in homage to our older roundtables, we'll give our contributors a few more headlines to chew on, including a new plan to push required minimum distributions to 75, AND our roundtable will cover the new college savings plan ranking system from Morningstar. Making today's super-show happen is our amazing team of contributors: Michael Anderson of the Big Idea podcast; Paula Pant from the Afford Anything podcast, and from our very own podcast, OG. Halfway through the show, we'll FINALLY share our main topic, bow to avoid a holiday hangover. Joe and Belinda Rosenblum will talk about how to set up a strategy to make sure this is the year you finally are able to get ahead financially, or at the very least, stay afloat during the holiday season. We'll finish today's show with some salacious gossip thanks to our question from Shane. He says that he loves our pieces on financial crimes, but what about the the less popular crimes? Shane wants to hear about daring financial crimes like money laundering and check kiting. Does our panel deliver? Yes! So make some popcorn, sit back, and enjoy this week's MagnifyMoney segment. Of course, we'll always save some time for Doug. Think you know your sports history? You'll love Doug's question today. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	You know in today's world seems like the best treatments reserved only for a few. Well,
0:04.4	Discover wants to change that by making everyone feel special. That's why with your Discover card
0:09.7	you have access to 24-7 live customer service as well as $0 fraud liability, which means you're never
0:16.5	held responsible for unauthorized purchases. Finally, no matter who you are or where you
0:21.6	are in life,
0:22.6	you'll feel special with Discover.
0:24.5	Learn more at Discover.com slash credit card.
0:27.3	Limitations apply.
0:29.1	I'm Liz, the chief mom officer,
0:30.7	and when I'm not busy being the breadwinner of my family of five, I'm Stacking Benjamin's.
0:40.0	Live from Joe's mom's basement.
0:42.6	It's The Stacking Benjamin Show. I'm Joe's mom's neighbor Doug and now that it's November I think it's time for a
0:59.0	Thanksgiving cornucopia of topics. On our roundtable today we'll talk about
1:05.2	everything from the new and improved 5% rule, way better than the old 4% rule, the
1:11.7	bipartisan plan to push required minimum IRA distributions to 75
1:17.0	and new College Savings Plan ranking systems from Morningstar. To help us dig into this Friday feast, we welcome from
1:25.1	Marinanta Financial CFP Michael Anderson. And from the Afford Anything
1:30.9	Podcast, Paula, Pant.
1:33.3	And last but not least, we'll get some help
1:35.6	from the original guy, OG.
1:38.6	Plus, as we near the holidays,
1:40.8	how do you avoid a holiday hangover? We'll talk about the reopening of our
	...

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