We Answer a Pile of Your Letters on Investing, Emergency Funds and Debt

You ask us questions about managing various investment accounts, cash reserve emergency funds, mortgages and HELOCs, dollar cost averaging and more….and we attempt to answer them all. PK joins in the fun with an excellent piece on income. What does it really mean to be in the 1%….the top 10%…..25%? Doug brings trivia, we talk about the new installment in the Hobbit series, and more.

Thanks to everyone who submitted questions and to MagnifyMoney.com for sponsoring our podcast.

SHOW NOTES

<> Open

<> MagnifyMoney.com – Tired of small interest rates on your savings? Sick of out-of-network ATM fees? How about credit cards that charge huge interest and give you no benefits? Use the StackingBenjamins.com/MagnifyMoney link or our link on the sidebar of our website so they know we sent you to compare, ditch, switch and save!

<> Headlines

Bad Year for IRS

Best (and Worst) ETFs of 2014 (Zachs Equity Research)

<> Your Questions

The book Richard references: The Four Pillars of Investing: Lessons for Building a Winning Portfolio (our Amazon affiliate link)

The article Jacob asks about that discusses emergency funds: Safety Net Funds: Why Traditional Advice Is Wrong

The site Thias needs to evaluation 529 plans: SavingForCollege.com

Kyle’s mortgage refinance question: Harp.gov

Adam’s question: Dollar cost averaging

<> Fractional Sense – with PK from DQYDJ.net

The article (and calculators) PK uses in this discussion: Income By Age  

<> End Show/Movies

Review: The Hobbit: Battle of Five Armies

We also discuss: The Interview