We’ve said for awhile that the fee game is a “race to the bottom,” and last week….we reached the bottom. Fidelity dropped some big news in the financial world last week: not only did they slash a bunch of fees, they also introduced two no-fee mutual funds. What does it mean? How does these new funds work? We’ve got you covered. First, we’ll talk to the VP of Retirement for Fidelity, Ken Hevert, for more information on the company’s latest move, and later in the show, OG and Joe will break down what this might mean for you and your money. PLUS, during our headlines segment we’ll dig into a Wall Street Journal report covering how one big bank is still finding new ways to surprise their customers… and not in a good way. And during the Haven Life Line we’re talking to Colin about Roth and Traditional 401ks. What’s the best way to use them so he can retire early?
Don’t worry, we’ll still have time for a Doug’s trivia and to answer a listener letter from Kurt. With a baby on the way, what should Kurt and his wife be doing to be financially prepared?
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Show Notes:
<> Open
Away
Thanks to Away for supporting Stacking Benjamins. Go to Awaytravel.com/sb and use the promo code sb to get $20 off a suitcase!
Check out Away
Harry’s
Thanks to Harry’s for supporting Stacking Benjamins. Get your Trial Set – go to Harrys.com/sb
<> Headlines
- Whistleblowers Detail Wells Fargo Wealth Management Woes (WSJ)
- $8M fraud paid for massages, cigars, plane tickets: Feds (Financial-Planning)
<> Ken Hevert
Want to check out Fidelity’s funds for yourself? Take a look at their site: Fidelity.com
<> Doug’s Trivia
- Excluding white label and store brands, what’s the number one selling brand of toilet paper in the USA in 2017?
<> Haven Life Line
Need life insurance? You could be insured in 20 minutes or less and build your family’s safety net for the future. Use StackingBenjamins.com/HavenLife to calculate how much you need and apply.
- What’s the best way Colin can use a Roth and traditional 401k in order to retire early?
<> Letters
- Kurt and his wife are expecting a baby early next year. Aside from building up an emergency form (and the life insurance they already purchased), what should they be doing to get ready financially?
Need help with your financial plan? Use this link to schedule a meeting with OG: StackingBenjamins.com/OG
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