Reuters television and print journalist Bobbi Rebell instructs us on what it takes to become a financial grown up. We’ll talk investing, saving, hurdling debt and more. It’s a wide-ranging discussioin which even involves Bobbi admitting that she, too, once lived at home as an adult with her parents. The Peter Pan in us feels much better after that. In our headline segment, we tackle a couple grown up activities: rollovers and education. We share statistics about why people decide to roll over assets from their workplace retirement plan AND stats on what class people wish they’d had more of in school (HINT: it’s not racquetball). We take letters from Stephanie and Sarah about FinTech apps and diversifying retirement funds…and answer a hotline call from Nick about saving for retirement starting at an early age. How do you save when you don’t know the goal because it’s so far away?
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Show Notes:
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<3:37>Headlines
- What Attracts Rollovers? – NAPA-Net
- Money 101: That’s a course young Americans wish they’d taken in school – USA Today
<12:27>Bobbi Rebell – Becoming a Financial Grownup
Buy Bobbi’s Book:
Check out Bobbi’s site (where you can learn more about the celebrities in the book, read about press, or learn more about Bobbi): BobbiRebell.com
Say “hey-a” to Bobbi on twitter: @BobbiRebell
<29:11>Doug’s Trivia
- What percentage of college graduates plan on moving back in with their parents after graduation?
<34:14>”OG is taking clients” hotline
- Nick is starting to save for retirement. How does he begin?
Need help with your financial plan? Use this link to schedule a meeting with OG: StackingBenjamins.com/OG
The Mad Fientist article we referenced is this one: How to Access Retirement Funds Early
<40:38> Letters
- Stephanie LOVES the benefit app. Here is the link:Â benefit-mobile
- Sarah and her husband want to reallocate their simple IRA funds. Should they do it all at once, or over time?
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During Stephanie’s letter you guys started talking about various ways to maximize the use of the benefit app. Can you go over different ways to do this?