Looking to pile your Benjamins FASTER in 2018? OG and Joe crank up their top five ways to make your debt die quicker and your savings grow faster. Want even more? Certified Financial Planner Mary Beth Storjohann joins in the fun adding her top three ways to kick off the new year. Mom promises that you won’t be short of ideas when you finish today’s show. Plus, in our headlines segment, people are suing their 401k provider for the strangest reason…because they don’t like the stable value fund. We’ll talk about whether you should use the stable value fund in your retirement plan and review exactly what people are worried about when it comes to these tools.
We’ll of course have more from the world of financial planning, throw out the Haven Life line to lucky listener Wendy, who wonders about being able to save while being self employed. When your income bounces around, how can you save consistently? Both Joe & OG will have ideas for Wendy. We’ll also take a letter from Beth, who asks about restricted stock units. Should her boyfriend begin selling his restricted stock? Of course, we’ll still score with some of Doug’s delightful trivia, and more.
Thanks to Chase Slate for supporting Stacking Benjamins. Learn more about benefits and monthly updates on you FICO Score at Chase.com/slate. Thanks also to MagnifyMoney.com for sponsoring today’s show. Compare, ditch, switch and save on student loans, auto loans and more at StackingBenjamins.com/MagnifyMoney.
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Show Notes:
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Chase Slate
Thanks to Chase Slate for supporting Stacking Benjamins. Learn more about benefits and monthly updates on you FICO Score at Chase.com/slate.
Compare checking, savings, credit cards, and loans before switching. Magnify Money makes it super easy to compare, switch and save.
<4:03> Headlines
- The State of Stable Value Fund Litigation (NAPA-Net)
- Mary Beth Storjohann‘s checklist for a great 2018 (Workable Wealth)
<17:54> Joe and OG’s Top Five
<36:49> Doug’s Trivia
- What is “Dollar-Cost Averaging”?
<42:10> Haven Life Line
Need life insurance? You could be insured in 20 minutes or less and build your family’s safety net for the future. Use StackingBenjamins.com/HavenLife to calculate how much you need and apply.
- Wendy is a lifetime freelancer. She’s in her 60’s now, and has saved, but work goes up and work goes down. What’s a freelancer to do to stay financially stable?
<47:12> Letters
Need help with your financial plan? Use this link to schedule a meeting with OG: StackingBenjamins.com/OG
- Beth’s boyfriend has received approximately 2,300 units of RSUs that have vested. It’s passed on to Beth to do some diversification. She’s confident pouring most of it into index funds, but is there anything she’s missing?
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