Do you think you could pass a quiz covering basic questions about retirement? While you MIGHT be confident that you know the basics, a recent TD Ameritrade survey suggests that most Americans would actually fail a simple retirement quiz. To help us make sense of whether the terms listed on this quiz are actually meaningful we’re helped on Joe’s Dad’s shortwave by Paula Pant (Afford Anything), Andy Hill (Marriage Kids and Money), and special guest Daniel Angelone (Innovative Planning Partners.)

Halfway through the show we’ll take small break from the roundtable for our weekly Friday Fintech segment. Joe will talk to Brittany Joiner, creator of the social finance app, Penge. Different than many of our interviews, the Penge app isn’t yet “a thing.” How does a developer create the idea for a new app and bring it to life? Brittany is living that right now. We’ll also tackle how she realized that being inclusive with your social circle about personal finance can change our attitudes towards money. We’ll cover that and more during today’s Fintech segment.

And during our Magnify Money Call, we’ll answer a voicemail from Calvin, who’s still getting adjusted to the world of personal finance. From what he’s learned so far ETFs and mutual funds are the best way to invest. Is there anything else he should be doing with his money to diversify?

As always, of course, we’ll still save some time for Doug’s trivia.

Thanks to Away for supporting Stacking Benjamins. Go to awaytravel.com/sb20 and use the promo code sb20 to get $20 off a suitcase!

Show Notes:

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Away

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<5:01> Headlines

• Most people (of all ages) failed this retirement quiz — here are the answers (MarketWatch)

Our Contributors

Daniel Angelone

Find more from Daniel at: MyInnovativePlan.com

Andy Hill

You can find more from Andy at: MarriageKidsandMoney.com

Keep up to date with Andy on Twitter: @AndyHillMKM

Paula Pant

Check Out Paula’s site and amazing podcast: AffordAnything.com 

Follow Paula on Twitter: @AffordAnything

<20:37> Penge

You can learn more about the Penge app at Brittany’s site: PengeApp.com

<40:23> Doug’s Trivia

• How much money did Harper Lee bring in per year on average, according to Bloomberg, from To Kill a Mockingbird?

<51:00> Magnify Money Line

MagnifyMoney Voicemail

Thanks to MagnifyMoney.com for sponsoring Stacking Benjamins. MagnifyMoney.com saves users on average $450 when they compare, ditch, switch and save on credit cards, student loan refinancing, checking, savings and more. Check out MagnifyMoney.com for your savings.

• Calvin has just got into the world of finance. Based on what he’s heard and read so far ETFs and mutual funds are the best ways to invest. What else should he be doing to diversify and strengthen his positions?

Join us next Monday!