What Should Keith Do With a $50,000 Inheritance? (Your Letters)
The Stacking Benjamins Show
Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP
4.4 • 2K Ratings
🗓️ 14 November 2018
⏱️ 75 minutes
🧾️ Download transcript
Summary
We're dedicating today's show to all of your burning financial questions. Will the fact that Anna's parents are opening up a 529 plan for her daughter create unintended financial consequences down the road? What should Keith do with a $50,000 inheritance and no job? What should ANYONE do when they receive $50,000? Jessica is a new investor. What platforms should she be looking into when trying to invest? After our David McKnight interview, Ryan is focusing on more money in his "tax-free" bucket. Does the SB team have any good tips on tax savvy financial moves? Of course we do!
And in our headlines segment, there's BIG news in college scholarship land. It turns out that a couple of schools are reducing their tuition to FREE. Who is it? Should you consider changing your college plan? In our second headline, while owning your home is a great financial position to be in...if you want to get rich one publication insists that you should own somebody else's home. We'll dive into rentals and real estate on today's show. Plus, in our Haven Life Line, Heather wants to know if she can do a backdoor Roth conversion AND make contributions to a spousal IRA.
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Transcript
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| 0:00.0 | Where's the kaboom? There was supposed to be an earth-shattering kaboom. |
| 0:10.4 | Live from Joe's Mom's Basement, Doug, and holy snikies is it freezing down here. |
| 0:29.4 | I told the guys, hey, why don't you answer some of those letters so we can throw them on the fire? |
| 0:35.1 | So, in the spirit of keeping warm, we're tackling as many of your questions as possible. |
| 0:40.4 | Also in our headline segment, there's lots of news on the college front, including |
| 0:44.3 | how much value is the name of your school worth on your diploma. |
| 0:48.9 | Here to help us with that and more is the scholarship shark, Pam Andrews. |
| 0:53.5 | Of course, we'll throw out the Haven Lifeline |
| 0:55.7 | to a lucky listener and delight you with my heartwarming trivia. And now, two guys who have |
| 1:01.7 | ice in their veins and investing on their minds, Joe and O Jha Jha Jee. I don't know about ice in my veins. |
| 1:14.4 | When it comes to investing decisions, I guess there's ice in my veins, but generally. |
| 1:19.4 | You're a cold-hearted snake. |
| 1:20.7 | Look into my eyes. |
| 1:22.2 | Oh-oh. |
| 1:23.4 | Uh-oh. |
| 1:24.3 | They're not telling lies. |
| 1:25.3 | Is that this attic? |
| 1:26.6 | That's bad that we could quote a... |
| 1:27.9 | You know, half our audience has no idea what the hell that is. Hey, everybody. Welcome to the obscure Paula Abdul song podcast. I'm Joe Salsi. Average Show Money on Twitter. I can't believe I knew where you were going on that. That's the bad thing. and across the card table from me, |
| 1:43.7 | the Paula Abdul fan club |
| 1:45.4 | president, Mr. O.G. |
| 1:48.0 | And, on that. That's the bad thing. And across the card table from me, the Paula Abdul |
... |
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