Will more money make you happier? If you’ve never heard the phrase ‘more money, more problems,’ today’s episode is for you. Money CAN buy you independence, but only if you know how to use it. Nicole Lapin is a New York Times best-selling author and joins us to talk about being intentional with our money. Having loads of cash is great but it goes bye-bye quickly without concrete goals and values. She shares how to set yourself up for success to meet your financial goals.
During our headline segment, we’re talking about robots taking over the world! Or, in this case, a gigantic brokerage firm swallowing a robot (I’d love to see that TikTok). We’re talking robo advisors today. They’ve gained massive popularity in the last decade and now one, Wealthfront, is being acquired by UBS. We discuss what this might mean for robo advisors moving f. We’ll also answer Jay’s question about the rule of 55 with 401k distributions and Doug will share his trivia.
- UBS Agrees to Acquire Wealthfront to Deliver Digital Wealth Management Offering to Millennial and Gen Z Affluent Investors (Business Wire)
Big thanks to Nicole Lapin for joining us today. To learn more about Nicole, visit her website. Grab yourself a copy of her book Miss Independent: A Simple 12-Step Plan to Start Investing and Grow Your Own Wealth.
- What city is Arial Investments (run by Melody Hobson, President and co-CEO of Arial Investments, and the chairwoman of Starbucks Corporation) based in?
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- Jay wants to take a mini-retirement and pull from his 401k to fund his lifestyle. He may go back to work in a few years and wants to know what tax or other consequences he will face by taking funds from his 401k now.
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How about additional tools and interviews on related topics? Check out these past podcast episodes!
- Want more on robo advisors? We did a deep dive to explain them.
- When thinking about retirement distributions, does the 4% stand up? We took a look at this popular rule of thumb and offer points to consider before relying on any blanket rule of thumb.
Written by: Brooke Miller
Miss our last show? Listen here: The Gamestop Revolution That Wasn’t (with Spencer Jakab)