The Stacking Benjamins Show

StackingBenjamins.com | Cumulus Podcast Network

Your Gateway to the Wonderful World of Personal Finance

  • 1 hour 10 minutes
    Your 7 Biggest Retirement Money Headaches (SB1531)

    How are you preparing for retirement? Have you looked at all of the dimensions to ensure you have a successful, long runway of money always available? On today's special roundtable episode, we dive into a piece that claims there are seven things you need to do in order to be prepared for retirement. Joining us are: Don McDonald from the Talking Real Money podcast, Paula Pant from Afford Anything, and OG.

    In the second half of the show, sponsored by DepositAccounts.com, we dive into risk mitigation, the importance of maintaining adequate cash reserves while in retirement, and keeping a historical context of current events.

    Be sure to stick around for the yearlong trivia competition with Doug's baseball-themed trivia.

    FULL SHOW NOTES: https://stackingbenjamins.com/moves-to-make-before-retirement-1531

    Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201

    Enjoy!

    Learn more about your ad choices. Visit podcastchoices.com/adchoices

    14 June 2024, 7:00 am
  • 1 hour 3 minutes
    All About Vesting Schedules and Stock Market Predictions! (SB1530)

    There’s another lawsuit brewing in the world of retirement planning. This time, participants in a 401(k) plan in California are raising concerns about how Qualcomm is handling the money forfeited when employees don’t complete their vesting schedules.

    Vesting schedule? What’s that all about?

    Today, we'll break down everything you need to know about vesting schedules, so you can navigate your job benefits with confidence. Whether you’re dealing with a vesting cliff or a staggered vesting schedule, we’ve got you covered. We’ll explain how they work, the taxes involved, how to plan around them, and how to think about any money that isn’t fully yours yet. Plus, for business owners, we'll discuss how to balance keeping talent with implementing vesting schedules. Get ready for a fun and informative session on one of the trickier aspects of financial planning!

    In our TikTok minute, we’re sharing a clip from Fox News where a contributor predicts what will happen to the stock market if Trump is convicted after his recent trial. Spoiler: He was convicted. Let’s see if his prediction came true and how it might impact your money.

    We also have a note from a fellow Stacker who thought, "I better call Saul...Sehy & OG." He’s worried about contributing to a Roth IRA because his income is too high. We’ll discuss strategies like backdoor Roth contributions, Roth 401(k) plans, and some of the tricky rules around Roth IRA conversions that can trip people up.

    And of course, we’ll share a fun trivia question from Doug, sit on the back porch, and so much more!

    FULL SHOW NOTES: https://stackingbenjamins.com/all-about-vesting-1530

    For deeper dives with curated links, topics, and discussions, check out our newsletter, The 201, at https://www.stackingbenjamins.com/201

    Enjoy!

    Learn more about your ad choices. Visit podcastchoices.com/adchoices

    12 June 2024, 7:00 am
  • 1 hour 12 minutes
    The 2024 FinTech Disaster: What You Need To Know (AND the Fascinating History of Banking w/ Paolo Zannoni) (SB1529)

    Unlocking the FinTech Disaster: What You Need to Know

    You might not know it, but a huge number of people have their money trapped in a recent FinTech crisis. When the middleman company Synapse went bankrupt, it froze funds in many popular FinTech apps, including Yotta, a sweepstakes app that makes saving money fun. Will Yotta and other affected FinTech companies be able to return their users' money? What does this mean for the future of FinTech? Is more legislation on the way to prevent this from happening again? While new updates are rolling in daily, we’ll break down what we know and how it impacts your finances.

    The Fascinating History of Banking

    Later in the show, we'll dive into the history of banking with our mentor for the day, Paolo Zannoni. Paolo is the deputy chairman of Prada, a historian, and the former head of operations for Goldman Sachs in Russia. He'll reveal that while today's FinTech issues might seem new, they’re part of a repeating historical pattern. Learn how modern banking originated in Pisa, the relationship between banks and credit, how minting money sped up the creation of banks, and how banks and governments have collaborated for centuries.

    Better Call Saul... Sehy and OG: Setting Savings Goals

    In our Better Call Saul... Sehy and OG segment, a Stacker mom seeks advice on helping her twenty-year-old daughter set savings goals. The young woman is great at saving but isn’t sure what to save for. We always say, "Begin with the end in mind," but what if you don't know what "the end" looks like? We’ll discuss practical steps to find and set meaningful savings goals.

    Plus...

    Don't miss our memorable back porch discussions, Doug's always-entertaining trivia, and much more!

    Join the Conversation

    For deeper dives with curated links, topics, and discussions, subscribe to our newsletter, The 201, at stackingbenjamins.com.

    Enjoy the Show!

    Learn more about your ad choices. Visit podcastchoices.com/adchoices

    10 June 2024, 7:00 am
  • 1 hour 2 minutes
    How Come High Earners Struggle To Get Rich? (SB1528)

    Why aren't all big-money ballers able to pile up massive stacks of Benjamins? How come some average Joe earners can build significant wealth? On today's special roundtable episode, we dive into a blog post listing the top six reasons people who make big money can't save. One of the Top 100-rated financial planners by Investopedia in 2023, Elaine King, joined us. She's not alone, though. We also feature the creator of the award-winning blog Afford Anything, Paula Pant, and our own resident CFP, OG.

    In the second half of the conversation, sponsored by DepositAccounts.com, we'll explore the actual benefits of relocating to save money.

    Stick around for our year-long trivia competition inspired by our special guest, Elaine King's, home country of Peru.

    FULL SHOW NOTES: https://stackingbenjamins.com/top-six-reasons-youre-not-rich-1528

    Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201

    Enjoy!

    Learn more about your ad choices. Visit podcastchoices.com/adchoices

    7 June 2024, 7:00 am
  • 56 minutes 57 seconds
    Should You Create a "Board of Directors"? An Open AI/Chat GPT Case Study (SB1527)

    Open AI recently survived a brutal firing/rehiring of their CEO and a complete board resignation. In the past, we've heard extensively from Sam Altman, the CEO of Open AI, but we haven't heard from the board. Today we use the words of a board member who's speaking openly for the first time to ponder the question, "Should YOU have a board of directors for your personal financial life?" We parse the words "board of directors" to determine what that really means, and we dive into how these relationships truly work. Should we except "hostile" advice from strangers? Should we consider our friends to be on our board casually? We explore all of these options and more on today's extended Wednesday headline discussion!

    Of course, we feature a TikTok minute that you won't want to miss as one young woman discovers the true trap that taxes are on your ability to build wealth. Doug also supplies his amazing trivia, and of course, we also answer a call for help from a Stacker who thought, "I'd better call Saul...Sehy and OG."


    FULL SHOW NOTES: https://stackingbenjamins.com/create-your-board-of-directors-1527

    Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201

    Enjoy!

    Learn more about your ad choices. Visit podcastchoices.com/adchoices

    5 June 2024, 7:00 am
  • 1 hour 15 minutes
    What's Holding You Back? How to Break Through Mental Barriers and Increase Your Earning Potential (SB1526)

    How much of your life is controlled by programming? If you're looking to make more money you have to look at what's blocking you today and transform yourself into an earning machine. It turns out that the key to earning more is right between your ears. Brandon Epstein works with top professionals (athletes, CEOs, entrepreneurs, and high-level executives) to help them achieve even more. You've heard us say many times that great people surround themselves with amazing individuals. Brandon IS that maker of amazing talent. He doesn't create talent. He teaches you how to tap the talent you know is waiting to be deployed. We'll talk about mental blocks, societal programming, identifying those blocks, and how to break free of them on today's podcast.

    But before that we ask the question, can you trust online reviews? We not only walk through how many of your favorite sites are manipulating their review systems, but we also give you a better method to find and keep talented people around you (or amazing companies that you should work with). We also take a call from a Stacker who wonders how to invest money she's rolled over into her IRA, AND we dive deep on Doug's incredible trivia question.

    FULL SHOW NOTES: https://stackingbenjamins.com/break-through-mental-blocks-achieve-success-1526

    Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201

    Enjoy!

    Learn more about your ad choices. Visit podcastchoices.com/adchoices

    3 June 2024, 10:00 am
  • 1 hour 6 minutes
    Does More Money Equal More Misery? SB 1525

    Maybe the key to achieving happiness doesn't lie in being perfect (financially-speaking). Today we dive deep into striking the balance between channeling your inner Warren Buffett/Jack Bogle/Scrooge McDuck hybrid and channeling your inner Neighbor Doug at the special Summer Slam-Bingo-Ladies Night down at the Sizzler. Joining us on today's special roundtable discussion are: the woman who’ll help you get out of being miserably in debt, award-winning author, Erin Skye Kelly; the guy who helps people be responsible with their future money, the host of the Inspired Money podcast, Andy Wang; and the Scrooge McDuck of this here podcast, OG.

    In the second half of the show, sponsored by DepositAccounts.com, we dig into how to make money a fun topic. Does being a mega tracker bring you anxiety? If so, maybe you should focus on putting savings first and then spending what's left over.

    Finally, be sure to stick around for Doug's Benjamin stack-related trivia.

    FULL SHOW NOTES: https://stackingbenjamins.com/how-to-maintain-happiness-and-be-good-with-money-1524

    Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201

    Enjoy!

    Learn more about your ad choices. Visit podcastchoices.com/adchoices

    31 May 2024, 7:00 am
  • 54 minutes 21 seconds
    How To Score Eight Percent on Your Money (and maybe regret it) SB1524

    Today high yield bonds are in the spotlight. A recent Wall Street Journal piece details how you can get eight percent currently in the bond market (which is a rate most stock investors would be happy to lock in). Why may this NOT be a good deal? Well, first you have to understand how bonds work. So, we'll explain that. Second, you'll have to understand the difference between buying a bond fund and a single bond. So, we'll also explain that. Third, we'll have to explain how many investors lose money because they don't understand concepts such as "risk premium." So, happy, we'll show you what that means. It's all things bonds on today's show!

    But that's not all. Stacker Tom asked a GREAT question in the Stacking Benjamins basement the other day, because it's SUPER complicated. He asks about IRMMA, RMDs, and Medicare. Huh? We LOVE this question because it shows the depth of knowledge you'll need to have to get everything right...but also shows you how you do NOT need to know everything today/right now/immediately. We'll explain all of these terms on today's show (and also illuminate how frustrating the world of financial terms can be during our TikTok minute).

    FULL SHOW NOTES: https://stackingbenjamins.com/bonds-hidden-risks-1524

    Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201

    Learn more about your ad choices. Visit podcastchoices.com/adchoices

    29 May 2024, 7:00 am
  • 1 hour 14 minutes
    How To Become a Financial Mutant (with Brian Preston) SB1523

    Learning a new language is difficult, and the language of money is no exception. Brian Preston from The Money Guys has created shortcut words and phrases like "financial mutant" to help you focus on what's important and ignore the rest. We'll discuss how to get started, the key moves to reach long-term goals, how to avoid making costly mistakes, and more. Whether you're someone just beginning your journey or a seasoned investor, there's a little something for everyone every time we speak with Brian.

    In our headline segment, a publication decided to ask AI (Chat GPT) how to beat the stock market. The AI responded with advice, which we'll dive into thoroughly to see if this is the wave of the future. Even better news: beginning this week, we'll track this AI driven portfolio to see if it truly is a better way to invest than a collection of index funds (or just one index).

    But that's not all. We also answer a question from a Stacker AND Doug shares his amazing trivia.

    FULL SHOW NOTES: https://www.stackingbenjamins.com/become-a-financial-mutant-1523/

    Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201

    Enjoy!

    Learn more about your ad choices. Visit podcastchoices.com/adchoices

    27 May 2024, 7:00 am
  • 1 hour 4 minutes
    How We Think About Debt (SB 1522)

    Welcome to a very special roundtable edition of the show! On today's show, we're talking about debt, and how to use it (or avoid it) as part of your financial plan. We're joined by Afford Anything's Paula Pant; the host of The Personal Finance Podcast, Andrew Giancola; and the host of the Earn & Invest podcast Doc G!

    In the second half of the show, sponsored by DepositAccounts.com, we dive into the possible positive effects that having a large amount of debt can have - in terms of constant motivation to make progress.

    Be sure to stick around for Doug's mind-blowing trivia question about debt.

    FULL SHOW NOTES: https://stackingbenjamins.com/the-role-of-debt-in-your-financial-plan-1522

    Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201

    Enjoy!

    Learn more about your ad choices. Visit podcastchoices.com/adchoices

    24 May 2024, 7:00 am
  • 1 hour 2 minutes
    Restaurants, Your Wallet, and You (reprogramming your meal prep and patterns) SB 1521

    A recent major media outlet reports that people earning less than $50,000 per year aren't eating at restaurants as often as they did a year ago, and that eating away from home is becoming a trait increasingly more for the wealthy. Today we talk about not only this trend but others as we help you grab a firm hold on your wallet. One of the "big three" expense categories is food cost, and cutting your restaurant tab can be an effective way to sock more money toward financial independence. We'll share tools, strategies, and anecdotes from people who've successfully navigated the restaurant game on today's show.

    Plus, we share a TikTok minute from one creator who's more than a little worried about homeowners and renters insurance. You'll hear why and how to make better decisions around these policies. Then we look at other communities online and answer random questions we've seen on the web that we think haven't been answered very well. We talk CD rates, driving for DoorDash, and more.

    FULL SHOW NOTES: https://stackingbenjamins.com/state-of-restaurants-2024-1521

    Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201

    Enjoy!

    Learn more about your ad choices. Visit podcastchoices.com/adchoices

    22 May 2024, 7:00 am
  • More Episodes? Get the App
© MoonFM 2024. All rights reserved.