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The Stacking Benjamins Show

Top 5 Ways To Stop Messing Up Your 401k

The Stacking Benjamins Show

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

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

4.42K Ratings

🗓️ 15 June 2022

⏱️ 64 minutes

🧾️ Download transcript

Summary

You start that amazing new job and the boss hands you a giant stack of paperwork. Does that sound familiar? One of those forms is most likely a crucial piece of your financial picture: your 401k enrollment. How much should you contribute? How do you choose investments? Today, Joe and OG share the top mistakes they see people make with their 401k, so you can learn from others' mistakes and avoid your own future headache. You're welcome! From not contributing enough to choosing the wrong investments, they share it all. In our headline segment, we're diving into one group who seemingly predicts the market better than most analysts. How do they do it and who the heck are they? Oh, we'll explain! And it's probably not a group you'd expect. Then, of course, we let Doug share his auto-themed trivia. Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Where's the kaboom?

0:02.0

There was supposed to be an earth-shottering kaboom!

0:10.0

Live from Joe's Mom's Basement!

0:13.0

It's the Stacking Benjamin Show!

0:25.0

I'm Joe's Mom's Neighbor Doug and on Today's show

0:28.0

welcome the guy who's poised to buy Twitter!

0:31.0

Truth be told, we reached out to Elon but

0:34.0

oh we got was a bot!

0:36.0

So we're running with a special episode hosted by two guys

0:39.0

you have to listen to three times a week!

0:42.0

So sorry about that, Joe!

0:45.0

And OG!

0:46.0

But hey!

0:47.0

At least it's a great topic!

0:49.0

If your 401k feels like a 201k

0:52.0

but you never heard that one before I just made it up!

0:55.0

And we're discussing the top 5 401k mistakes!

0:58.0

Plus, one surprising group says they can predict market downturns better than bankers!

1:04.0

Who are they?

1:05.0

We'll share in our headline segment

1:07.0

and then we'll kindly segue into my trivia!

1:10.0

And now, two guys who have the 401 on your 401k!

...

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