Ever experienced the gut-wrenching moment of losing a job—or worried about what you’d do if it happened? Today, we tackle how to prepare, what to do immediately, and the smartest moves to protect your finances if your job ever disappears. From building an emergency fund to making the most of employer benefits, we’ll walk you through the steps to keep your financial house in order when life throws a curveball.
But that’s not all. Estate planning gets a shake-up thanks to the new Secure Act 2.0, and we’re diving into what it means for inherited Roth IRAs (hint: the government has new rules, and you’ll want to know them).
And because we can’t resist a good detour, we also explore the real cost of horse ownership (spoiler: it’s more than just hay money) and why tide pooling is more financially educational than you’d think. All that, plus trivia, TikTok wisdom (or nonsense), and plenty of lively discussion from the basement crew.
What’s Inside Today’s Episode:
- Job Loss Survival Guide: How to prepare before, during, and after a layoff.
- Emergency Fund Essentials: Why you need one (and how much is enough).
- Navigating Employer Benefits: Making the most of what’s available before you leave.
- Secure Act 2.0 & Estate Planning: The new rules around inherited Roth IRAs.
- Trivia & The TikTok Minute: Because questionable financial advice is always worth dissecting.
- Horse Stackers & Expensive Hobbies: Ever wonder what it really costs to own a horse? We break it down.
- Tide Pooling Adventures: A financial lesson wrapped in sea creatures and crashing waves.
Key Takeaways from the Episode:
✔️ Job security is a myth—be ready. Build that emergency fund, update your resume, and keep networking.
✔️ Your employer’s benefits might be your hidden lifeline. Know what’s available before you walk out the door.
✔️ Secure Act 2.0 changes estate planning. If you’re inheriting a Roth IRA, don’t assume the old rules apply.
✔️ Horses aren’t just expensive—they’re financial black holes. But that won’t stop people from trying.
✔️ Tide pooling might be the best investment lesson in disguise. Patience, observation, and avoiding getting pinched—it’s practically a stock market metaphor.
Tune in now to make sure you’re financially prepared—whether it’s for job loss, estate planning changes, or just the unexpected expenses of a very expensive hobby.
Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201
Enjoy!
Our Headline
Doug’s Trivia
- Which singer who celebrates a birthday today made tons of money from songs like Tears of a Clown?
Better call Saul…Sehy & OG
- Shane asks how to best pass down their Roth IRA to their kids under the Secure Act 2.0. With the new 10-year withdrawal rule for inherited Roth IRAs, they’re wondering if a trust, gifting strategies, or other options could help maximize the benefit. Tune in to hear Joe and OG’s take!
Have a question for the show?
Want more than just the show notes? How about our newsletter with STACKS of related, deeper links?
- Check out The 201, our email that comes with every Monday and Wednesday episode, PLUS a list of more than 19 of the top money lessons Joe’s learned over his own life about money. From credit to cash reserves, and insurance to investing, we’ll tackle all of these. Head to StackingBenjamins.com/the201 to sign up (it’s free and we will never give away your email to others).
Join Us Friday!
Tune in on Friday when our roundtable tackles the tricky topic of what’s the value of international diversification.
Written by: Kevin Bailey
Miss our last show? Listen here: Innovation, XBox and Your Financial Plan (SB1645)
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