Mom and Dad, We Need To Talk (with Cameron Huddleston)

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

🗓️ 19 June 2019

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Cameron Huddleston joins us to tell the story of her aging mother, and the time she nearly missed the chance to have an incredibly important conversation: how her financial assets were managed and what arrangements she'd made for the future. She'll share that story and strategies on talking with parents about money (especially what NOT to say), on today's show. Plus, in our headlines segment, more retirement plan lawsuits hit the court system. The Supreme Court is looking at an interesting case, which largely revolves around when the participant was told about allegedly sub-par investment options in his employer plan. If you get a prospectus, does that mean you're on the hook from that day for everything that's inside? Dave and his wife are debt free, and their children's college and retirement accounts are fully funded. Dave calls the Haven Life Line because they've been thinking about opening a taxable brokerage account to have funds outside of their retirement. Are there any tax implications they should know about? Is there anything else they should be considering? Thanks to LinkedIn for supporting Stacking Benjamins. Go to LinkedIn.com/sb and get a $50 credit toward your first job post. Thanks to Experian for supporting Stacking Benjamins. Boost your FICO score instantly for free. Boost is only available at Experian.com/sb Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	DelSugger Monday events, their biggest sale of the year, shop limited time deals on laptops like the stylish innovative XBS 13 engineered to do it all on the Intel Evo platform.
0:11.0	Plus, say big on ultra- sharp monitors and top brand accessories shop now at
0:15.6	Dell.com slash deals to take advantage of huge savings and free shipping again
0:21.1	that's Dell.com slash deals.
0:27.5	I'm Liz the chief mom officer and when I'm not busy being the breadwinner of my
0:31.1	family of five I'm stacking benjamins being the Stacking Benjamin's.
0:33.0	Live from Joe's.
0:43.4	Live from Joe's mom's basement, it's The Stacking Benjamin Show. I'm Joe's Mom's Day and Joe's Mom's neighbor Doug and only two days to go in spring.
0:57.0	Time to do something else before spring cleaning starts tomorrow.
1:00.6	How about we tackle something easy, like talking to mom and dad about their money? Something Easy, like talking to mom and dad about their money.
1:05.0	Here to help we welcome Cameron Huddleston.
1:08.0	Plus, looks like some target date funds are back in the news.
1:12.0	We'll talk target date Date Funds and the Supreme Court in headlines.
1:16.0	Plus, we'll throw out the Haven Life line
1:18.1	to a lucky caller and still leave time for my incredible trivia.
1:23.0	And now, two guys who just explained to Joe's mom
1:26.0	that they have a podcast to do so they can't help clean,
1:29.0	yeah, nice try guys, Joe and O, J, J, J, J, J, J, J, J, J, J, J. J. J. G.
1:35.0	Definitely too busy podcasting.
1:41.0	We got this is going to be an all day session
1:45.2	OG. I have retired from cleaning so there there is there's no more cleaning. I am
1:51.2	I can't even put it I was going to say not financially
	...

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