Have you been waiting for us to answer your letter? It’s your lucky day because we’re dedicating today’s show to answering your questions. We’re covering diversification, retirement, investing, Fintech, dividends and everything in between on our special letters episode.

Before we get to your letters, In our headlines segment we’re taking a look at emergency funds and long-term care dollars. Are you thinking  about cutting corners and that maybe you can get by day-to-day without some sort of emergency fund? That could spell some bad news down the road. And in our second headline we’ll spend a few minutes talking about proper planning for long-term care. The costs can pile on quicker than you think, and deciding your strategy isn’t easy.

Plus, it’s National Cheesecake Day! Doug’s all excited, and so are we. Plus, in honor of Henry Ford’s birthday, we’ll have some Ford-related trivia that even if you aren’t a car buff, you JUST might know the answer to…

Thanks to Stamps.com for supporting Stacking Benjamins. For a 4 week trial (that includes a digital scale and postage) go to Stamps.com, click on the microphone at the top of the homepage, and enter SB. 

Thanks to Emperor Investments for supporting Stacking Benjamins.  Go to emperorinvests.com/sb and select “Stacking Benjamins podcast” when asked how you heard about the show.

 

 

Show Notes:

<> Open 

Stamps.com

Thanks to Stamps.com for supporting Stacking Benjamins. For a 4 week trial (that includes a digital scale and postage) go to Stamps.com, click on the microphone at the top of the homepage, and enter SB. 

Check out the Stamps.com

Parrish wants to know if a person with average investing skills can build a 6% dividend paying portfolio for retirement by investing in reits, preferred stocks, MLP’s, bonds and dividend paying stocks.

Dennis’s account statement only shows his Roth contributions. Unless he’s missing something, who’s keeping track between his Roth and standard 401k interest and dividends?

Jared wants to know about a Fintech website Joe mentioned a while back. It allowed people to build investment portfolios, and then compare those portfolios to famous investors like Benjamin Graham and Buffet.

Gary and his wife are about to retire. Gary wants to invest some of their extra cash in stocks or mutual funds that pay about 6% dividends a year. How should Gary diversify their high yield investment?

Rich and his wife are going to have a baby. With some concern about possible medical problems, are there any insurance policies that would cover taking time off work to take care of a child?

<> Doug’s Trivia

• You probably know that Ford’s first car was the Model T and his first truck was the Model TT. What was his second car?

 

Need help with your financial plan? Use this link to schedule a meeting with OG: StackingBenjamins.com/OG