We List the Biggest "Gotchas" in Popular Financial Products (SB 1496)
The Stacking Benjamins Show
Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP
4.4 • 2K Ratings
🗓️ 29 March 2024
⏱️ 57 minutes
🧾️ Download transcript
Summary
One of the most frustrating moments in any investor or saver's life is when you figure out that you fell prey to a "gotcha" you didn't expect and either lose money, opportunity, or both. Even if your favorite financial tool, strategy or advisor doesn't mean to inflict a "gotcha" on you, because we often don't know what we don't know, we use tools or people inefficiently, causing damage to ourselves we didn't expect. Today we talk about intended and unintended "gotchas" in financial products with three people who know and who've seen many problems firsthand. All of them are Certified Financial Planners, and all three are hosts of great podcasts. Shannah Game (Everyone's Talkin' Money), Roger Whitney (Retirement Answer Man), and our very own OG debate and discuss many of the nuanced (and sometimes not-so-nuanced) "gotchas" in investments, insurances, financial planning, and more.
That's not all though. Of course we take a break halfway through for our weekly trivia contest between our contributors. Today? Doug's building bridges! You'll have to hear it yourself and maybe guess your answer. Can you beat our contestants?
FULL SHOW NOTES: https://www.stackingbenjamins.com/person-finance-gotchas-1496
Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201
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Transcript
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| 0:00.0 | Hey, shake and bay, cow! |
| 0:02.0 | Woo! |
| 0:03.0 | Shaking bait! |
| 0:04.0 | Live from Joe's Mom's Basement, it's the Stacking Benjamin Show! |
| 0:14.0 | I'm Joe's Mom's neighbor, Doug, and on today's show, what are the gotchas in personal finance? |
| 0:28.2 | Here to help you avoid them, we welcome the retirement answer man, CFP Roger Whitney. |
| 0:34.1 | And the woman behind the everyone's talking money podcast, CFP, shot a game. And finally, |
| 0:41.1 | the guy talking about money as the answer man on this podcast, OG. But do you think we're |
| 0:47.3 | only talking gotchas? Of course not. I'll see which of our three contributors can get closest |
| 0:53.0 | to the answer of my amazing Friday trivia question. |
| 0:57.5 | And now, a guy who's got your financial planning right here for the next hour, it's Joe Salcihy. |
| 1:08.7 | I don't know that I can stand behind that statement, Doug. |
| 1:11.7 | But welcome to Friday on the Stacky Benjamin show. |
| 1:15.3 | I am Joe Sal Ceehy, Everts Show Money on Twitter or X, the platform formerly known as Twitter. |
| 1:20.9 | Brought to you on Fridays by State Farm. |
| 1:23.4 | State Farm agents are small business owners too, so they know how to help you choose personalized |
| 1:27.6 | policies to fit your needs. Like a good neighbor, State Farm is there. Talk to your local agent today. |
| 1:33.6 | We're not just going to talk to our local agent. We're going to talk to the people at this roundtable |
| 1:38.0 | because, Doug, as you so eloquently said, we've got a great lineup. Let's start with a guy across |
| 1:42.3 | the desk from me. Mr. OG is in the |
| 1:45.2 | house. How are you, brother? I am sporty. I'm very sporty today. What is, is there a reason |
| 1:51.7 | you use the word sporty? I'm just having a day, having a moment. I'm having a day, having an |
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