Retirement: You Made It. Now What? (plus an intro to PayActiv)
The Stacking Benjamins Show
Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP
4.4 • 2K Ratings
🗓️ 14 June 2019
⏱️ 73 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?
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Transcript
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| 0:00.0 | Hey, this is Joe Crane, host of Veteran on the Move podcast. |
| 0:02.8 | And when I'm not helping veterans transition on entrepreneurship, I'm stacking |
| 0:06.5 | Benjamins. |
| 0:13.1 | Live from Joe's mom's basement, it's the stacking Benjamin show. |
| 0:17.4 | Yeah. Benjamin's show. |
| 0:30.6 | I'm Joe's mom's neighbor, Doug, and what a great show we've got for you today because we're talking feet up, lunch pail down. |
| 0:34.8 | That's right, we're talking retirement. |
| 0:37.2 | And even if you ain't close, |
| 0:38.4 | you'll still have something to learn from financial planner Derek Merkler. And from afford |
| 0:44.3 | anything, Paula Pant. That we couldn't help but include from this podcast, OG! Mostly because |
| 0:51.9 | he had his nose pressed up against the window. He was so cute. |
| 0:55.1 | Anyway, in our Friday FinTech segment, are you sick of waiting until Friday to get the money you've already earned? |
| 1:02.3 | So was the founder of one company, so he started FinTech firm Pay Active. |
| 1:08.0 | Here to describe how you can get paid for work you've already done, we welcome Safwan Shah. |
| 1:14.3 | Of course, we'll save time to magnify someone's money situation and see how the team does with my amazing trivia. |
| 1:22.3 | And now, the guy we're surprised hasn't detoxed himself to death yet. |
| 1:26.9 | Joe Saw C hi. |
| 1:34.3 | This detox thing is seriously horrible. |
| 1:37.5 | It is absolutely seriously horrible. |
| 1:39.1 | So I'm glad I get an hour of not thinking about it because we're going to make a podcast. |
| 1:44.0 | And let's start with a guy |
| 1:45.2 | sitting across the table from me it's my good friend the other guy where's we call him OG |
... |
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