How To Score Eight Percent on Your Money (and maybe regret it) SB1524

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

🗓️ 29 May 2024

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today high yield bonds are in the spotlight. A recent Wall Street Journal piece details how you can get eight percent currently in the bond market (which is a rate most stock investors would be happy to lock in). Why may this NOT be a good deal? Well, first you have to understand how bonds work. So, we'll explain that. Second, you'll have to understand the difference between buying a bond fund and a single bond. So, we'll also explain that. Third, we'll have to explain how many investors lose money because they don't understand concepts such as "risk premium." So, happy, we'll show you what that means. It's all things bonds on today's show! But that's not all. Stacker Tom asked a GREAT question in the Stacking Benjamins basement the other day, because it's SUPER complicated. He asks about IRMMA, RMDs, and Medicare. Huh? We LOVE this question because it shows the depth of knowledge you'll need to have to get everything right...but also shows you how you do NOT need to know everything today/right now/immediately. We'll explain all of these terms on today's show (and also illuminate how frustrating the world of financial terms can be during our TikTok minute). FULL SHOW NOTES: https://stackingbenjamins.com/bonds-hidden-risks-1524 Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	It's military appreciation month and we're doing shout-outs of friends who are either people in the military.
0:07.2	Well, that's what I've done so far, but you know what I want to do today?
0:09.7	It's those military family members that also make things happen.
0:13.0	And my wonderful friend, Jen Hemphill,
0:16.8	is a military spouse.
0:19.5	Her husband is serving in the army, and Jen helps the family keep it all together while he
0:27.3	helps hold our country together. I'm not the only one given shout-outs though this
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0:40.8	their members and help them reach their goals.
0:43.6	They offer resources like Best Cities After Service to help veterans transition to civilian life
0:49.4	and best careers for military spouses to support military families like
0:53.6	Jen's all branches of military veterans DOD employees and their families are
0:57.6	eligible for Navy federal membership visit Navy Federalorg slash
1:01.8	celebrate to see all of our Navy Federal.org slash Celebrate to see all of our Navy Federal
1:05.1	Member Appreciation Month offers
1:06.7	and other Navy Federal offers.
1:08.7	Navy Federal is insured by NCUA Equal Housing Lender.
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	...

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