What Retirement Terms Should You Know? (plus an intro to the Penge app)

The Stacking Benjamins Show

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

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

4.4 • 2K Ratings

🗓️ 5 April 2019

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Do you think you could pass a quiz covering basic questions about retirement? While you MIGHT be confident that you know the basics, a recent TD Ameritrade survey suggests that most Americans would actually fail a simple retirement quiz. To help us make sense of whether the terms listed on this quiz are actually meaningful we're helped on Joe's Dad's shortwave by Paula Pant (Afford Anything), Andy Hill (Marriage Kids and Money), and special guest Daniel Angelone (Innovative Planning Partners.)

Halfway through the show we'll take small break from the roundtable for our weekly Friday Fintech segment. Joe will talk to Brittany Joiner, creator of the social finance app, Penge. Different than many of our interviews, the Penge app isn't yet "a thing." How does a developer create the idea for a new app and bring it to life? Brittany is living that right now. We'll also tackle how she realized that being inclusive with your social circle about personal finance can change our attitudes towards money. We'll cover that and more during today's Fintech segment.

And during our Magnify Money Call, we'll answer a voicemail from Calvin, who's still getting adjusted to the world of personal finance. From what he's learned so far ETFs and mutual funds are the best way to invest. Is there anything else he should be doing with his money to diversify?

As always, of course, we'll still save some time for Doug's trivia.

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Transcript

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0:00.0	Ladies and gentlemen, we have a big show, a real big shoe.
0:10.0	Live from Joe's Mom's Basement Doug, and on today's show, we're talking retirement quizzes.
0:28.5	Apparently, most Americans can't answer some basic questions about retirement.
0:33.4	What should you know?
0:34.5	Well, we'll run that by today's panel, including from innovative planning partners, Daniel Angeloni.
0:40.8	Plus, from afford anything, Paula Pant.
0:44.0	And joining us from Marriage, Kids and Money, it's Andy Hill.
0:48.6	And in our Friday fintech segment,
0:50.8	we'll talk to the owner of the Pengee app, Brittany Joyner. But wait, there's more.
0:57.4	We're going to answer a magnify money question with help from our panel and still save time for some of my
1:03.5	amazing trivia. And now here to help you roll a bigger roll of Benjamin's into the weekend. It's Joe Sal Siha.
1:17.7	We are going to roll some money into the weekend. Hopefully, that's the goal, isn't it?
1:25.7	I am Joe Salci. I average Joe Money on Twitter. And welcome to the weekend. We're happy to help you get there with one
1:33.2	member of our regular panel, one scheduled guest, and some late night duct tape. So let's
1:40.0	explain what the heck we're talking about there. We're going to start with the woman who I believe is in Austin, Texas. It's our good friend Paula Pant. Hello. Yes, I am in Austin, Texas, and I will be here until May. So I'm here for more than a month. Which is fantastic, Paula, because I got to tell you, Texas in the springtime, fantastic. That's what everyone has been saying to me.
2:01.3	From the moment that I arrived, everyone said you came at the perfect weather time.
2:06.1	And it's great.
2:07.1	The weather's been amazing.
2:08.9	Two days that I've been here so far.
2:10.5	We're happy we could get you off a 6th Street for about an hour to do this podcast.
2:15.1	That's great.
2:16.7	And here the guy who is down the road from me, and he's our last minute duct tape as Len had a work commitment. So happy you can join us from marriage, kids and money. It's a good friend, Andy Hill. Andy. How you doing, Joe? Well, we were going to have you just come down to the basement. And yet we found out your kids were going to watch Disney and we got to ruin their night.
	...

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