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The Stacking Benjamins Show

Retirement: You Made It. Now What? (plus an intro to PayActiv)

The Stacking Benjamins Show

Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP

Personal Finance, Financial Planning, Education, Retirement, Investing, Cfp, Business, Money

4.42K Ratings

🗓️ 14 June 2019

⏱️ 75 minutes

🧾️ Download transcript

Summary

We LOVE talking about investing, savings, and of course, stacking Benjamins, but what about when you actually make it to retirement? Do you have a plan for your first day after your last day of work? How about that next month? That next year? We've mentioned it before: retirement isn't the destination, it's a journey, and a milestone on the bigger journey of life. Discussing the "Now, what?" of making it to retirement are our contributors, Derek Merkler from Parsonex Financial Services, Paula Pant from Afford Anything, and OG from our very own Stacking Benjamins. Halfway through the show we'll take a break from our discussion while Joe talks to Safwan Shah, CEO of PayActiv. Minimum wage employees are often hit the hardest with cashflow issues while they're between paychecks. Safwan and his company have set out to provide a solution: real time access to earned income. Safwan will share on just how PayActiv is accomplishing their goals during our Fintech segment. And during our Magnify Money call we'll answer a voicemail from Loretta. Loretta's parents are retired. They have a paid off house and a healthy amount of savings. However, her mom has gotten sick and money has become a bit tighter. Loretta has since realized that 90% of their stock is in one blue chip company. Her parents are hesitant to change. How can Loretta talk to her parents about their finances? Is She worried over nothing? Looking for something deeper than what we give you on the show? Three days a week not enough? Subscribe to our weekly newsletter: The Stacker. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

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.

0:27.0

Hey this is Joe Crane host a veteran on the move podcast and when I'm not helping

0:31.1

veterans transition on entrepreneurship I'm not helping veterans transition on entrepreneurship, I'm stacking

0:34.1

Benjamin's.

0:37.0

Live from Joe's mom's basement, it's the Stacking Benjamin Show. I'm Joe's mom's neighbor Doug and what a great show we've got for you today because

0:58.9

we're talking feed-up, lunch pail down. That's right, we're talking retirement.

1:04.8

And even if you ain't close, you'll still have something to learn from financial planner

1:09.5

Derek Merckler.

1:10.8

And from afford anything anything, Paula Pant.

1:14.0

That we couldn't help but include from this podcast,

1:17.0

Oh, gee!

1:19.0

Mostly because he had his nose pressed up against the window. He was so cute.

1:22.0

Anyway, in our Friday FinTech... nose pressed up against the window. He was so cute.

1:22.6

Anyway, in our Friday FinTech segment,

1:25.6

are you sick of waiting until Friday to get the money you've already earned?

1:29.9

So was the founder of one company,

1:32.3

so he started FinTech firm Pay Active.

1:35.6

Here to describe how you can get paid for work you've already done.

1:39.3

We welcome Safwan Shah.

...

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