What would you do if you found yourself with a big inheritance? You might have some ideas on that, but do you really know what you SHOULD do if you found yourself in that situation? Helping us with just that question is our special guest, Doug Goldstein. Doug will explain what you need to know if you found yourself in an inheritance situation in easy to understand steps. Plus, in our headlines segment, we’re discussing one piece that looks at the 401k funds that took a beating in 2008. Could it be impacting you? Plus, we’ll have a surprise headline in the form of a Stacking Benjamins language course… but don’t count on it being in French.
Of course, we’ll still have time to answer Doug’s trivia question, throw out the Haven Life line to Dany who wants to know more about stocks that pay out dividends, and answer a listener letter about investing side-gig money. It’s a content-packed episode today… enjoy!
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Show Notes:
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Slack
Thanks to Slack for supporting Stacking Benjamins. Slack: Where work happens. Go to slack.com to learn more.
<4:03> Headlines
- These 401(k) funds took a beating in 2008 — and it could happen again (CNBC)
- Spanish Made
- Check out Jen’s podcast (and keep an eye on her upcoming podcast!)
<17:40> Doug Goldstein
For more information about opening U.S. brokerage accounts from outside the United States, or to learn about Doug Goldstein’s new book, The Inheritance Book, visit: www.Profile-Financial.com/books
Looking for Doug’s Podcast? Check it out: GoldsteinOnGelt.com
<40:48> Doug’s Trivia
- What is the average size of an inheritance?
<46:18> 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.
- Dany only invests in stocks with dividends. What are some resources he can use to find broad information on different stocks and their dividend history?
<53:08> Letters
- Loretta has some questions on investing in IRA’s and 401ks. Where should Loretta be investing her side-gig money if she is already maxing out her other accounts through her employer?
Need help with your financial plan? Use this link to schedule a meeting with OG: StackingBenjamins.com/OG
Join us Friday
We’re getting the gang back together – that means OG, Paula Pant, and Len Penzo – to discuss one fantastic headline that we all want the answers to: 11 reasons why you’re not making more money.
See you on Friday!
Doug asked “who wouldn’t want to be giving millions away?”
To which I respond “Me. After decades of blood, sweat, and tears to pull myself up by my bootstraps, I won’t be giving any of it away to charities . I’m going to establish a family trust that ensures my ancestors don’t start life with nothing like I had
to . “