The history of money is possibly (even probably) the most tangled web of assumptions, grief, symbolism, happiness, and longing in the history of the world. Today Frederick Kaufman joins us to share a few of those stories. From the earliest days of exchanging objects to represent currency, to the heads of state on coins, to Bitcoin and beyond, we’ll discover many of the stories that encompass names from Adam Smith to Anna Nicole Smith.
Plus, during our headlines segment of the show we’ll talk to Sean Hanft from FSAStore.com. It’s nearing the end of the year and if you have flexible spending account dollars left, it’s time to use them before you lose them. Plus, one blog post making its way around, which makes the case against opening a 401k to start saving for retirement. Naturally, Joe and OG have a thought or two about that.
Plus, we all know the famous 4% rule (of thumb), but have we been using it wrong this whole time? Matt calls in the Haven Life Line to ask for some clarification. While you shouldn’t be using rules of thumb to guide your portfolio in the first place, Matt’s question could potentially have big implications on your retirement draw-down.
Whether you rent or own, Geico makes it EASY to bundle home and car insurance. Go to Geico.com today.
A big thanks to Discover for supporting Stacking Benjamins! Discover matches all the cash back you earn on your credit card at the end of your first year automatically with no limit on how much you can earn. Learn more at Discover.com/yes.
A big thanks to MasterClass for supporting the Stacking Benjamins show! Get 15% off an annual
membership at MasterClass.com/stacking.
The new year is right around the corner. Spend that FSA money!
- A big thanks to Sean Hanft for sharing some much needed year-end FSA knowledge! You can find answers to all your FSA questions at FSAStore.com.
When it comes to saving for retirement, almost anything is better than nothing. When the choice is 401k or bust… pick the 401k.
- I opened a 401(k) to start saving for retirement at 26, and it was a huge mistake for 3 reasons (Business Insider)
A big thanks to Fred Kaufman for spending some time with us today! Interested in learning more behind the history of money? You can order Fred’s book below:
The Money Plot: A History of Currency’s Power to Enchant, Control, and Manipulate
Music’s big money, the American music industry is worth $20 Billion alone. Since it’s national Techno day, try this question: what is the most listened to genre of music in the U.S.?
- Have we been using the 4% rule wrong this whole time? Matt calls in to ask for some clarification on how much money he should be withdrawing in retirement.
Want the guys to answer your question? You can call into the Haven Life Line and get your question answered on-air HERE.
Join Us Next Time!
Written by: Richie Rutter-Reese
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