Mail Call! Today we’re answering your questions about IRAs, tackle how to calculate a rate of return, dive in to Vanguard’s new factor based funds…. and much, much more.
In our headlines segment we turn out heads to secret millionaires. Why do people keep their millionaire status a secret? Would you? In our first headline we’ll talk about how one secretary (and others) hunkered down and kept their investments a secret. Plus, are HSA enrollments stalling? We’ll talk numbers and the big takeaways on today’s podcast.
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Show Notes:
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CollegeBacker
Thanks to CollegeBacker for supporting Stacking Benjamins. Sign up at CollegeBacker.com/sb and get a $10 match when you start a college fund for your own family or send a gift to kickoff someone else’s college fund.
Check out CollegeBacker
RXBAR
Thanks to RXBAR for supporting Stacking Benjamins. Get 25% off your first order at RXbar.com/sb, Promo Code: SB.
Check out RXBAR
<3:03> Headlines
- Sylvia Bloom, a frugal secretary, hid a $9M fortune. She joins a list of secret millionaires. (NBC News)
- Has HSA Enrollment Stalled? (NAPA-Net)
<12:37> Letters
- Marisa’s husband makes too much money for the regular Roth IRA. BUT he rolled his work 401k gains into his Roth IRA. What can he do now? Is it too late to do a mega back door Roth contribution?
- Brian needs to know if he should file a 8606.
- Sheldon’s mother isn’t sure if she can contribute to an IRA this year.
- Nates want to know our opinion on Vanguard’s new factor based funds.
- Nick letter made Joe’s mom smile so much we decided to post the whole thing here:
- Hi guys! My name is Nick. I’m a 24 year old dude living with his mom from Providence, RI. Through your tips and advice on all assets in finance I was able to pay off $27,000 of student loan debt in 2.5 years while getting my credit score to a 818. While living on approximately $34,000/year. Now I’m financially free and I can do the things I want to do. Thank you!
- Erik has been looking around for the OLD episodes of the podcast. Is there anywhere he can go to listen to the whole catalog?
<20:27> Doug’s Trivia
- According to Consumer Reports, when you brake and accelerate too fast, how many miles per gallon do you lose?
<25:19> 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.
- Kuni wants to know how we calculate a rate of return.
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