We kick off today’s show talking Tiger Woods and the cost of his recent…er…problem. And then Karen Schenone from Blackrock tells us about how bonds work! What a great kickoff to today’s episode.
After that, it’s ALL of your letters, including ones about IRAs…how to you maximize your contributions; we then turn to blogging. Should Daryl start a blog? We weigh in. We also talk about investing in bonds, building the wrong side-hustle, and more.
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Show Notes:
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<3:53> Headlines
- Tiger Woods arrested on DUI charge in Florida, says alcohol ‘not involved’ (ESPN)
- Karen Schenone: BlackRock launches survey on American understanding of fixed income investing (BlackRock)
- For more financial literacy visit: BlackRock and iShares.
- Get connected on Twitter at: @blackrock and @iShares
<12:34> Letters
Jordan has a good chunk of change saved up. Should Jordan take 10k of it and open up a taxable account?
Darryl is seriously considering starting his own blog. What are some good resources?
StashCash has a few questions about the mega backdoor Roth. What can they do to ensure everything goes smoothly?
Joey has a relative that is trying to recruit them for Transamerica. Joey already knows he won’t go through it, but what are the pinpoint reasons on why it’s a bad idea.
Matt is a relatively new investor and has heard us joke a few times about both Target Date Funds and Bond Funds being bad investments. Are these investments actually bad? Should Matt be changing his investing habits?
<32:00>Doug’s Trivia
- How many mail carriers are attacked by dogs each year?
<34:55> Haven Life Line
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- Josh has been an index investor for a while now. Josh’s financial advisor is trying to convince him to invest into actively managed funds, should he do it?
Need help with your financial plan? Use this link to schedule a meeting with OG: StackingBenjamins.com/OG
<> Join us Wednesday
We welcome the authors of The Financial Diaries, Jonathan Morduch and Rachel Schneider.
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