When Retirement Seems Impossible (with Dr. Steve Wendel from Morningstar)

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

🗓️ 18 June 2018

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Invest there, save here, charge this, spend that... what's behind our financial decision making? We might not personally have all of those answer, but we know someone who does. Coming down to the basement is the head of behavioral science at Morningstar, Steve Wendel. Morningstar has some alarming statistics about retirement, and Dr. Wendel will present eight different ways to solve some potentially big problems in your future. And in our headlines segment... is the market about to take a tumble? We'll discuss why analysts think the market is about to endure a shake-up, and what you should be doing about it. In our second headline we're turning our attention to cryptocurrency. If only 2% of planners seeing the crypto as a viable investment option, should we be paying any attention to it? Then, after Doug's trivia, we'll throw out the Haven Life Line to Blake who's asking about "play" money. After someone uses a "sandbox" account, do they replenish the fund? And in our letters segment we answer the question: What should you do with your cash if you're saving for a big purchase in the next year? Thanks to Slack for supporting Stacking Benjamins. Slack: Where work happens. Go to slack.com to learn more. Want that latest news from the basement? Subscribe to our weekly newsletter: Stacker Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Do you hear that? It might sound like nothing to you, but it's actually the sound of nuclear, wind and solar energy.
0:11.0	At EDF, we're busy generating more British
0:14.2	zero carbon electricity than anyone to help keep future energy
0:17.7	cost down for everyone and help cut UK carbon emissions to nothing.
0:21.8	Sound good to you? Find out more about our
0:24.9	zero carbon generation at EDF Energy.com slash Help in Britain.
0:28.6	Hi, this is Kelly from Detroit, Michigan, and when I'm not changing diapers, and no, not mine,
0:35.9	I'm stacking Benjamin Show. I'm Joe's Mom's neighbor dug and happy international sushi day.
0:57.0	I'm Joe's Mom's neighbor dug and happy International Sushi Day.
1:00.8	I've never been a big fan of anything fish but given the opportunity on a big holiday
1:06.6	like this, anything is possible. Oh man, that sentence included a whale of fish punts.
1:12.3	Man, I'm good. But on today's dolphin it's great podcast,
1:15.0	we welcome to the show a guy who knows all about investor behavior
1:20.0	from Morningstar, Dr. Steve Wendell.
1:23.0	The news on retirement isn't good, and Steve will bring eight different solutions.
1:28.0	In our headline segment, Fund Manager see an economic crash on the horizon.
1:32.0	So should you worry? And what to find out? an economic crash on the horizon.
1:32.6	So should you worry?
1:34.4	And what do financial advisors make of the recent cryptocurrency boom?
1:38.8	Plus, we'll throw out the Haven Lifeline to Blake and his question about what to do when the play money runs out
1:44.7	answer a listener letter and of course swim down to my fishtastic trivia and now two guys
1:51.6	who celebrate National Sushi Day by
	...

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