Our Advice For Beginning Investors and Recent Graduates (SB1679)

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

🗓️ 7 May 2025

⏱️ 86 minutes

🔗️ Recording | iTunes | RSS

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Summary

Your burning questions fuel this episode! Joe Saul-Sehy, OG, and special guest Christine Benz of Morningstar unpack some of the biggest questions facing investors today—especially those just starting out. We kick things off by diving deep into target date funds. They promise simplicity—but do they deliver long-term results? We explore when they work, when they don’t, and what you should consider if they’re part of your portfolio. Then Christine shares a graduation-season masterclass in financial advice: How to begin investing, even when you feel behind Why lifestyle creep is the silent killer of wealth The importance of building habits now that will serve you for decades Resources and reading recs that can actually move the needle for new grads (and not-so-new grads) We also answer listener questions on: Whether refinancing your mortgage is still a smart move How global shifts in labor and supply chains may impact your finances And why it’s time to give your favorite retirement calculator a second look And somewhere in all this… someone may or may not reveal a dream dinner scenario that involves a pair of country music legends. But, you know, that part probably didn’t happen. Probably. Whether you're just graduating, recalibrating, or rethinking your strategy entirely, this episode is your invitation to stack smarter—and have a little fun while you do it. Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201 Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:48.5	Working with a local State Farm agent helps you understand your coverage options, offering local support to help you achieve your goals.
0:55.2	Focus on turning your passion into a thriving business knowing your insurance can change as your
1:00.4	business grows. Stay farm, here to help you succeed with your business. Like a good neighbor,
1:06.3	stay farm is there. Hey, stackers, if this is your first time listening to Stacking Benjamin's welcome, a very special welcome to you.
1:14.1	Welcome to the family, as Mom likes to say, which is just such a great piece that you decided
1:22.0	to start off with because on today's show, we're going to talk about Target Day funds.
1:27.4	OG, my partner and I have talked extensively about why we dislike Target Day funds.
1:33.6	But there's few, very few episodes where we deep dive into that.
1:37.1	We're going to do it today.
1:38.6	And second, advice for people just starting out.
1:41.8	Morningstar is Christine Benz, the director of personal finance at
1:45.4	Morningstar joins us. She is an amazing woman and just we're super happy that we are friends with her
1:52.6	and that she's been on the show giving her indispensable advice so many times. Christine is going to
	...

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