What’s the next step after you finally “make it”? While it’s easy to scoff at the problems of people who are financially set, it’s not uncommon to lose a sense of purpose once you jump out of the rat race. Bigger questions start to come up: what’s your real purpose in life? What type of legacy are you leaving behind? How will your personal relationships be impacted by your new-found financial status? What type of impact do you want to make on the world? Shining a new light on these ideas that often don’t receive enough attention is Jennifer Risher, author of We Need To Talk: A Memoir About Wealth. We’ll talk to her today!
Taxes, taxes, taxes.
It’s that time of year again. Joining us to talk all things taxes during our headlines segment, we welcome tax software expert extraordinaire, Hannah Rounds from The College Investor. Whether you’re a landlord, charitable giver, paying off college debt, contributing to an HSA, or anything in between, Hannah has great advice ensuring you won’t be leaving any cash on the table.
Plus, Fidelity recently held an AMA (ask me anything) on Reddit. The thread gathered A LOT of attention, but not for the reasons you’d think: everyone had Robinhood on their mind. While Reddit users did comment on the GME/Robinhood debacle, there was a bigger question: why in the world does Robinhood have such an incredible user interface, while many of the other big-name brokerages and bank apps seem to be stuck in the first episode of Wandavison?
We’ll finish out the show with a Haven Life line question from one listener who has finally come to their senses with Robinhood. Listener Taylor has invested with the company for years and he’s ready to jump ship. The big question? How can he change move his investments to another brokerage without taking a big capital gains hit? We’ll give him many options so he (and you!) can move on to greener pastures.
Naturally, we’ll also give Doug his airtime halfway through the show. FAANG stocks used to be all the rage, but some investing pros are looking to the future and is giving one company the boot. Find out which one during Doug’s trivia.
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Talking Real Money
Co-hosts Don McDonald and Tom Cock deliver straight forward, honest, advice on building the wealth you need for a more secure future. You can listen in wherever you listen to podcasts, or at TalkingRealMoney.com.
Hannah Rounds joins us today to talk all things tax software.
A big thanks to Hannah Rounds for coming back to the basement each year for tax time. You can find the complete rundown of this year’s tax software from the college investor here: The Best Tax Software 2021: What’s The Best Tax Program For Me?
One Fidelity AMA proves a couple (or more) scandals are no match for a well-designed user experience.
You can find the link to the Reddit thread HERE, and the InvestmentNews article we reference here: Fidelity hosts a Reddit AMA — but Robinhood steals the show.
Jennifer Risher: You made it. What now?
A big thanks to Jennifer Risher for spending some time with the basement today. You can find more from Jennifer at her site JenniferRisher.com.
Looking to order Jen’s book, We Need To Talk? Click below:
There’s been a growing number of investing pros suggesting a move from “FAANG” stocks to “MAANG” stocks. Facebook has been switched out for Microsoft, and the other stocks in the group are Apple and Amazon. Here’s the question:
- Which companies make up the “N” and “G” stocks in MAANG and FAANG?
- Caller Taylor asks: how can he jump ship from Robinhood without taking a big hit from capital gains tax?
- Mastery: The Keys to Success and Long-Term Fulfillment (during Joe and OG’s post-trivia conversation.)
- A clip of The Dig (if you know you know):
Written by: Richie Rutter-Reese
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