Smart Saving Tips for Disney Trips, and Self-Employed Retirement

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 31 July 2023

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Learn Nerdy tips to plan a Disney vacation without going broke, and how to choose a retirement plan when self-employed. 01:08 This Week in Your Money: Unlock the magic of making your next Disney vacation more affordable with insider tips from travel Nerd Sally French. She joins hosts Sean Pyles and Liz Weston to unveil the secrets behind experiencing Disneyland and Disney World on a budget, from strategic hotel choices to the types of tickets you might want to avoid. Plus: The Nerds discuss the value of early entry benefits, share their hot takes on whether Genie+ tickets are worth the splurge and explore methods for saving money on food and souvenirs. 13:00 Today’s Money Question: Investing Nerd June Sham joins Sean and Liz to answer a listener’s question about how to manage retirement plans and quarterly taxes as a self-employed professional. The Nerds go deep into 401(k) contribution limits, mega backdoor Roth 401(k) and IRA plans and SEP, or simplified employee pension, plans. You’ll discover money-saving strategies, understand when it’s important to budget for quarterly taxes and learn when you might need a tax professional to keep your finances in check. 29:04 Takeaway Tips. In their conversation, the Nerds discuss: Disney vacations; theme park tips; early entry benefits; Genie Plus tickets; Disney World and Disneyland hotels; how to avoid long lines; retirement plans; backdoor Roth IRAs; solo 401(k) plans; quarterly taxes; money-saving strategies; budgeting; simplified employee pension plans; using tax professionals; and maxing out retirement accounts. Please take our listener survey at https://nerdwallet.com/podsurvey to help us improve the show! Survey participants will be automatically entered into our Smart Money Podcast Sweepstakes for a chance to win a $100 Amazon gift card when you complete and submit the survey form. The Sweepstakes period is from June 19, 2023, to August 7, 2023. Limit One (1) Entry per person. No purchase necessary to enter or win. Odds of winning will be determined by the number of eligible entries received. Read the Official Rules for more details. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Prime Video brings thrilling entertainment.
0:03.0	Watch Heavyweight Detective Breacher, Season 3 included with Prime.
0:07.0	Exactly how much danger is this job putting me in.
0:10.0	Treat yourself to the lovably chaotic Bridget Jones mad about the boy available to buy.
0:15.0	Did you have sex? Did you have sex?
0:17.0	Did you have sex last night?
0:19.0	Yes! And it was amazing!
0:23.0	Whatever you're into, it's right here.
0:25.3	Prime Video.
0:27.1	Click or tap the banner to find out more.
0:29.9	Liz, I know you're a big Disney fan and a Disneyland regular.
0:34.5	How much do you think you've spent at Disneyland over the years?
0:37.9	Ugh, so much that Scrooge McDuck hasn't finished counting it yet.
0:42.5	That's a lot of gold coins. Well, this episode, we're going to help folks find a more
0:48.4	affordable way to get the most out of a Disney vacation.
1:04.1	Music out of a Disney vacation. Welcome to Nerd Wallet's Smart Money Podcast, where you send us your money questions and we
1:08.9	answer them with the help of our genius nerds.
1:11.4	I'm Sean Piles.
1:12.7	And I'm Liz Weston.
1:14.0	Listener, you know the deal.
1:15.6	There's probably something in your financial life that you need help with.
1:18.9	Well, let us be your nerdy helping hand.
	...

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