The Roth 401K: The Cinderella Of Your Financial Plan (and Your Letters)

The Stacking Benjamins Show

Joe Saul-Sehy | Cumulus Podcast Network

Investing, Business, Self-improvement, Education

4.2 • 1.9K Ratings

🗓️ 12 February 2020

⏱️ 76 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Why are some of the coolest financial tools rarely used? For example, people by-and-large avoid HSA accounts, when they're the Swiss-army knife of a healthcare plan. Today we'll shine a light on another type of plan that's not often used: the Roth 401K. A recent piece in a major publication predicted that Roth 401K plans will become bigger now that the SECURE Act has been enacted. What do Joe & OG think? Do THEY like the Roth 401K? You'll find out during today's episode! After that, we're all about your letters! You've been kind enough to ask us lots of questions, and Joe & OG today grab the mailbag and sort through it. We'll tackle everything from buying a home to investing in a Roth IRA to whether Monopoly is a good game or a great game. We didn't say that they were good questions....we just said there were lots. But that's not all. We'll also throw out the Haven Life line to a lucky caller AND we'll hear some great trivia from Doug about one of our greatest Presidents...Abe Lincoln. Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Have you ever had an instant connection with someone? You see them and you just know.
0:04.6	Butterflies in your stomach, wedding bells ringing, the whole enchilada.
0:08.9	It's more than just compatibility. It's a special connection. They're the one.
0:14.5	The yin to your yang, the ketchup to your chips, the gravy to your Sunday roast.
0:19.0	The Samsung Galaxy Buds FE to your Samsung phone. New Galaxy Bud's FE, the perfect match for your
0:26.3	phone. Discover in store and online at Curries.
0:29.2	Hi, I'm Eric Rosenberg from Personal Profitability and when when I'm not busy hustling my Tuckus off, I am Stackin'
0:37.0	Benjamin's. Live from Joe's Mom's basement, it's The Stacking Benjamin Show. I'm Joe Spon's neighbor Doug and today is the birthday of the man we show off on the five dollar bill, Mr. Abraham Lincoln. Just think if he was worth
1:06.8	95 bucks more this could have been the stacking Lincoln show. Math wizard right here. But what better way to celebrate Honest Abe's
1:17.0	birthday than by answering your questions, including what do you do when you're
1:22.2	five years away from retirement and how do you do when you're five years away from retirement and how
1:24.8	to restricted stock units work? What's a good strategy around diversification?
1:30.0	But before Joe and O.G. get to the questions, we're going to talk about some of the recent changes to the credit scoring system during our headline segment.
1:38.5	And of course, we'll save room for my amazing trivia.
1:43.0	And now, two guys who think Lincoln is only a city in Nebraska,
1:47.0	which is funny because we all know that's in Oregon.
1:50.0	Joe and O Jjjjjjjj. J. J. J. J. G.
1:57.0	Everybody knows Lincoln's a city in Utah.
2:02.0	Hello. It's a city in Utah. Hello?
2:03.0	It's a name of a park near Chicago.
2:05.0	Obvious.
2:07.0	It's a name of a ban, not a park.
	...

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