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The Stacking Benjamins Show

What's Your Best Lottery Option? (plus your best pension option, annuity settlement, and more...) with Brent Henningson

The Stacking Benjamins Show

Joe Saul-Sehy | Cumulus Podcast Network

Investing, Business, Self-improvement, Education

4.21.9K Ratings

🗓️ 17 June 2020

⏱️ 60 minutes

🧾️ Download transcript

Summary

After winning the lottery, would you go for a straight-out check OR the lifetime income stream? While people will decide which is their BEST choice pretty quickly, do you have the right information to make that choice? Today we sit down with the CEO of Saber Pension and Actuarial Services, Brent Henningson to talk not just lottery, but maybe also pensions, annuities, and life settlements. Wait a minute? Is the annuity thing just a smokescreen so we'd pay attention to something that's important but maybe not that interesting? Maybe so, but however we get you to the table, these are decisions with thousands of dollars on the table and you can't afford to make the wrong choice. Plus, is day trading easier than being a long term investor? We'll have some fun diving into why the Barstool Sports founder claims he is a better investor than Warren Buffet, and that day trading is "the easiest" game there is. David Portnoy is ALWAYS good for a quote or two. In the second half of our headlines segment, we'll share one list explaining why the RV life might not be the golden dream people are expecting. Even in retirement... informed planning is half the battle. During our Haven Life Line will answer a call from military dentist Joe (not our Joe, of course), who will be separating from service next year to pursue specialty training. While he's going through classes his only planned income will come from the GI bill. Joe's two questions are, one: can he still contribute to his IRA during his education with no taxable income? If not, would working a few days a month make him eligible? Two: he is currently maxing his Roth TSP account. Should he drop his contribution amount to get more liquidity before leaving service? As always, we're saving some time for Doug's trivia. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

I'm Liz, the chief mom officer, and when I'm not busy being the breadwinner of my family of five, I'm Stackin' Benjamin's.

0:10.0

Live from Joe's mom's Basement, it's neighbor dug and happy Wednesday. We're about to make it even happier because we're going to talk about winning the lottery.

0:34.3

You know you've asked yourself this question.

0:36.6

If you won, which option would you pick?

0:39.3

Would you go for a straight out check or the Lifetime income stream. Here to help us with that and maybe

0:46.2

how pensions and annuity streams work, we welcome the CEO of Saber Pension and actuarial services Brent Hennington.

0:55.0

Plus is Warren Buffett a moron?

0:58.0

One day trader says so.

0:59.0

Joe and O.G. might have different thoughts, you think.

1:03.0

Plus, we'll throw out the lifeline to another Joe who wants to know if he can keep investing

1:08.6

while pursuing a dentistry residency.

1:12.0

And now, two guys who are one lottery ticket short of a winner if you

1:16.4

know what I mean it's Joe and O jjjjjjjjjjjj Gee!

1:23.0

The comedy never ends down in the basement.

1:29.0

The comedy never ends down in the basement.

1:31.0

Thank goodness.

1:32.6

We can barely see him.

1:33.5

Is it dimly lit here or what?

1:36.1

It sounds like a front, you know.

1:39.8

Hey those guys over there, they're a,

1:42.3

couple of numbers short of a lottery winner he's always trying to come up with something hey

1:46.1

everybody welcome to Wednesday here in the basement I am Jos Salcei I average Joe money on

...

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