401k? Roth? Dollar cost averaging? Market timing? Target-date funds? Choosing to take responsibility for your financial well-being is often a difficult choice, and it’s not made any easier by the long list of jargon that comes attached to being money savvy. That’s why on today’s show we’re breaking down all the words and definitions that’ll have you scratching your head as you try to get your budget and retirement plan on the right track. Joining our awesome panel of contributors today (alongside our very own OG, and Paula Pant from Afford Anything) is Nate Abercrombie, from the Investing with the Buy Side podcast.

Halfway through the show we’ll take a small break from our discussion for our Friday Fintech segment. On today’s segment Joe sits down for a call with Parker Graham from the Destiny App. Do you want to pay off your debt faster (of course you do!), but also get the small wins from the debt snowball method? We’ll explore how the Destiny App is setting out to give you the best of both worlds on today’s Fintech.

Plus, we’re answering a Magnify Money call for help from Kristen. Kristen and her husband are high income earners, but are putting two kids through college. They’re also carrying a mortgage and a car loan… with no retirement savings. Where should Kristen and her spouse put their focus as they realign their priorities?

As always, we’ll still save some time for Doug’s (completely epic) trivia.

Go to Airbnb.com/SB and start hosting. You’ll receive a $100 Amazon Gift Card if you generate $500 in booking value by May 30. Terms and conditions apply.

Thanks to the Murder Book Podcast for Supporting Stacking Benjamins. Go to MurderBookPodcast.com to listen in.

Show Notes:

Open

Airbnb

Go to Airbnb.com/SB and start hosting. You’ll receive a $100 Amazon Gift Card if you generate $500 in booking value by May 30. Terms and conditions apply.

Check out Airbnb

Murder Book Podcast

Thanks to the Murder Book Podcast for Supporting Stacking Benjamins. Go to MurderBookPodcast.com to listen in.

Check out Murder Book Podcast

<8:17>Headline

• ReDefined Contribution Plans (Invesco)

Our Contributors

Paula Pant

Check Out Paula’s site and amazing podcast: AffordAnything.com 

Follow Paula on Twitter: @AffordAnything

OG

Do you need some more financial help from OG outside of the show? Follow our link, StackingBenjamins.com/OG to get some one-on-one help from the man himself.

Nate

Want to check out Nate’s podcast? Click here: Investing with the Buyside

You can follow Nate on Twitter: @IwtB_Podcast

<27:45> Destiny App

Did you enjoy our interview with Parker Graham from the Destiny app? You can sign up for the Destiny App beta at their site: YourDestinyApp.com

<42:50> Doug’s Trivia

• What year was the New York Stock Exchange constitution created?

<53:10> Magnify Money Line

Compare checking, savings, credit cards, and loans before switching. Magnify Money makes it super easy to compare, switch and save.

Check out Magnify Money

• Kristen and her husband are high earners, and they’re currently putting two kids through college. They also have a mortgage, some car loans…. and NO retirement savings. What should they be tackling first?

Join us Wednesday!