How We Mess Up Our 401k (with Josh Dietch)

The Stacking Benjamins Show

Joe Saul-Sehy | Cumulus Podcast Network

Investing, Business, Self-improvement, Education

4.2 • 1.9K Ratings

🗓️ 14 October 2020

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

How's your savings plan been? Have you had to abandon ship on your retirement goals during this car wreck of a year? What are the keys to doing well with your money when the world turns on it's head? Today we'll discuss all of those things and T. Rowe Price's newest 401k data with the company's head of thought leadership, Josh Dietch. Is the stock market a house of cards? In a stunning accusation, one piece says that the stock market is nothing more than a (legal) Ponzi scheme, and a better investment for your money would be real estate, agriculture, and oil. While we're NOT jumping on the train to Ponziville, could there be some logic to the claims? We'll break down whether you should take any stock in opinion pieces with claims like these during our headlines segment of the show. Plus, Cake Boss Buddy Valastro is on his road to recovery after severely injuring his dominant decorating hand in a bowling alley accident. We'll share exactly what happened, and why this might make you change your mind about your insurances. We'll round out today's show with a letter from Randy during the Haven Life Line. After listening to our Guy Raz episode, Randy wanted to share his experience moving to Columbia. He reports that it was "easier" than he thought it would be, and he saved a lot of money doing it. Of course, we'll always save some time for Doug's trivia. It's an action packed Wednesday here in the basement, so we hope you enjoy it! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Del's Black Friday event is their biggest sale of the year shop limited time deals on laptops like the stylish innovative
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0:16.5	now at Dell.com slash deals to take advantage of huge savings and free shipping.
0:21.9	Again that's Dell.com slash deals.
0:27.0	Take a deep breath. Relax. Inhale through your nose and exhale through your mouth.
0:39.0	Sit back and close your eyes.
0:42.0	Gradually release the tension, starting from your toes, working
0:48.9	up your legs to your pelvis, and from your fingertips slowly up your arms to your shoulders.
0:57.8	The stacking Benjamin's show, no matter how bad it gets, is your favorite podcast.
1:07.0	I will count backwards from three, and when I snap my fingers you'll be overcome with delight at hearing the start of this episode.
1:18.8	Three, two, one.
1:49.5	X. Live from Joe's mom's basement, and how do you make the best moves in an ever-changing investment landscape?
1:50.9	Well, you listen to experts of course. If you tuned into our last Stack YouTube,
1:56.6	even then you'll probably remember today's guest, the head of retirement thought leadership
2:02.1	at Tiro Price Price Josh Dyche.
2:05.0	Plus, remember what the Cake Boss did to his hand?
2:09.0	Oh God, it's nasty.
2:11.0	We'll share an update and one supposed pros view that the stock market is a Ponzi scheme.
2:18.0	So many knuckleheads, so little time, all during our headline segment. And and of course we'll toss out the
2:24.9	haven lifeline to Randy who has a comment about living abroad he's lived in
2:29.9	Columbia hey Randy I lived in Vermont for three days. That's way abroad too.
2:36.0	And we'll close down this show as I deliver my tasty dessert theme trivia.
	...

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