Have you been caught in a scam? It happens more than you may think! When we think of the biggest financial scandals, Bernie Madoff comes to mind but there was an even bigger scandal that happened to an entire country. In the United States, we suffered in 2008 during the financial crisis but another country saw its stock market tank even more than ours. Which one? Iceland. Jared Bibler worked for one of the major Icelandic banks and quit just days before the collapse. He then worked with Icelandic regulators to uncover the reasons behind the collapse and it’s a scenario that even he didn’t see coming. He shares it all today and tells his view of what happened.
During our headline we’re talking about retirement savings. Oregon implemented an automatic savings plan for people without access to a company retirement plan. Is it working? Is it the best plan out there? Joe and OG share their differing views! Then we answer Deb’s question about high yield savings accounts and Doug shares his trivia.
- How OregonSaves Has Helped Those Without Plan Access (NAPA)
- Ask Jane: What’s the best way to hide money from myself? (The Atlanta Journal-Constitution)
Big thanks to Jared for joining us today. Get a copy of his book Iceland’s Secret: The Untold Story of the World’s Biggest Con.
Watch the full interview with Doc G and Jared on our YouTube page and below:
- Has the number of hours we work on average increased or decreased over that last century and a half?
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- Deb recently opened a high yield savings account then her bank subsequently announced they are dropping the interest rate. She wants to know if she should continue to hold cash in her high yield account or invest in an ETF instead.
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How about additional tools and interviews on related topics? Check out these past podcast episodes!
- Chad Parks created a documentary detailing the retirement savings crisis in America. He shares his thoughts and what he learned in the making of the documentary.
- Any of us can hit financial hardship at any time. Michele Cagan joined us to talk about getting back on your feet after a financial setback.
Written by: Brooke Miller
Miss our last show? Listen here: Train Your Brain for Better Money Habits (with Dr. Joe Cardillo)