What's Not To Like About a 401k Loan? (Your Letters)

The Stacking Benjamins Show

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

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

4.4 • 2K Ratings

🗓️ 20 June 2018

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Mail call! Today we're ripping open your letters and answering tons of your questions. We'll share our thoughts on 401k loans, improving your credit, saving money... and much, much more. And during out headlines segment we're looking at Vanguard's 401k changes and... an article about millennial saving habits. It appears that many millennials think they're either going to retire early or not at all. As Joe's mom would say, "that doesn't sound good." It isn't...and bigger problems lie in the details of this story. Plus we're throwing out the Haven Life line to Heather. With the possibility of Student Loan Forgiveness on the horizon, how much money should Heather be putting towards her loan? And with debt to pay off, what's some good advice for getting on track for retirement? Thanks also to MagnifyMoney.com for sponsoring Stacking Benjamins. MagnifyMoney.com saves users on average $450 when they compare, ditch, switch and save on credit cards, student loan refinancing, checking, savings and more. Check out MagnifyMoney.com for your savings. Looking for something deeper than what we talk about on the show? Subscribe to our weekly newsletter: The Stacker Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	DelSugger Monday events, their biggest sale of the year, shop limited time deals on laptops like the stylish innovative XBS 13 engineered to do it all on the Intel Evo platform.
0:11.0	Plus, say big on ultra- sharp monitors and top brand accessories shop now at
0:15.7	Dell.com slash deals to take advantage of huge savings and free shipping again
0:21.2	that's Dell.com slash deals.
0:24.3	I'm Liz the chief mom officer and when I'm not busy being the breadwinner of
0:30.9	my family of five I'm stacking Benjamins.
0:39.2	Live from Joe's mom's basement it's the stacking Benjamin show.
0:44.0	I'm Joe's mom's neighbor Doug and hey there Stacker because today is Brian Wilson's birthday
0:58.3	it's Beach Day here at Broadcast Central and while these two dorks sit in the basement,
1:03.2	the second I'm done with this, I'm headed down the street to the swimming hole.
1:07.4	Today we'll ditch the sunglasses though because we're going to read a pile of your letters.
1:13.0	From credit card debt to retirement plans to diversification,
1:16.8	we're talking about an ocean of retirement topics.
1:20.0	And that's not all.
1:21.2	In today's headline segment, Vanguard is changing up their 401k,
1:25.5	and you're going to be surprised what fun they're kicking to the curb. We'll also throw out
1:30.4	the Haven Lifeline to our newest best friend Heather who asks about paying down debt
1:35.3	and tackling goals. How does she prioritize? We'll also prioritize my trivia. Yeah, that goes right to the top.
1:42.7	And now, two guys who have to wear SBF 120
1:46.3	when they head down to the beach, Joe and Oh,
1:50.0	J-J-J-J-J-J-J-J-J-J-J-J-G. Oh, gee, jee, jee, gee.
2:00.0	Oh, gee, no, no, no, no. I. O-G needs more like SPF 150.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.