Pension Perils: Lessons from the Dallas Fund Fiasco (SB1576)

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

🗓️ 18 September 2024

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Joe and OG create a case study focusing on the Dallas Police and Fire Pension System's struggles, diving into poor investment choices and their impact on employees. Joe relays the perils of complicated investments, advocating for more straightforward and more manageable strategies. The team also shares a TikTok moment about evaluating wealth through trash cans, discusses an unusual employer's 401k vs. Roth IRA match proposal, and debates their most disappointing concert experiences. Introduction and Doug's Antics Today's Show Overview Pension Fund Struggles Dallas Police and Fire Pension System Pension System Mismanagement Lessons for Average Investors Private Equity Pitfalls The Importance of Professional Management Trivia and TikTok Minute Buffet or Buffett? The Trash Can Wealth Indicator Listener Question: Employer Matching Roth IRA Contributions Concert Disappointments and Highlights Wrapping Up: Key Takeaways FULL SHOW NOTES: stackingbenjamins.com/all-about-pension-funds-1576 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

Click on a timestamp to play from that location

0:00.0	This episode sponsored by State Farm.
0:02.0	You a small business owner looking for insurance that fits your needs and budget?
0:06.0	Well, look no further than State Farm.
0:08.0	State Farm agents are not just insurance providers,
0:11.0	they're also small business owners who live and work right here in your community.
0:16.0	They understand the unique challenges of running and protecting a small business.
0:19.7	When it comes to small business insurance, State Farm knows what it takes. Create a plan that
0:25.2	fits your needs and your budget. State Farm agents are ready to help you choose
0:28.8	personalized policies that truly understand your business.
0:33.4	Ensure your small business with a fellow small business owner.
0:36.4	Talk to a State Farm agent today and get started on personalized small business
0:40.0	insurance that fits your needs.
0:42.1	Like a good neighbor, State Farm is there. Talk to your
0:45.2	local agent today. My dad works in B2B marketing. He came by my school for Career Day and
0:51.4	said he was a big roas man? Then he told everyone how much he loved
0:55.8	calculating his return on ad spend. My friend's still laughing me to this day.
1:01.2	Not everyone gets B to B, but with LinkedIn you'll be able to reach
1:04.8	people who do. Get a hundred dollar credit on your next ad campaign. Go to
1:08.4	LinkedIn.com slash results to claim your credit that's LinkedIn.com
1:12.3	slash results.
1:14.0	Terms and conditions apply.
1:15.0	LinkedIn, the place to be to be.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.