The Stacking Benjamins Show Cumulus Podcast Network

Even if you only have $500 in your emergency fund, today we reveal why having this money in the right place can yield BIG dividends. If you have your $500 in an account paying the average rate, you'll make around $2.50 in interest per year. Yet, by moving these Benjamins to a well-structured emergency fund, you could earn around $22.50. Doesn't sound like much? Assuming this takes 30 minutes, we're talking about earning $40 an hour! That's a GREAT rate of return on your time invested.
Episode Overview
Why Your Emergency Fund Matters More Than Ever:

Ever wondered where to stash your emergency fund for the greatest benefit? With rising interest rates, it’s a discussion worth your time. We’ll cover:

How much should you keep in your emergency fund?

Avoiding common pitfalls.

Understanding the differences between money market accounts, high-yield savings accounts, and other options. And yes, we clarify all this mumbo-jumbo so you can actually understand it!

(What are YOUR thoughts on emergency funds? Share with us on Instagram or on Facebook!)
Segment Highlights:


TikTok Minute: What’s “guy math”? We’ll dive into this fun trend and how it compares to “girl math.” This guy applies girl math to his tool collection. What could go wrong?


New Segment Debut: Sometimes, online advice needs a second opinion. Hear OG’s take on some questionable financial tips. Today, we open with Sammie, who is asking for help with her 401k. As you can imagine, any time you ask for advice on the internet, it goes downhill quickly from there. If you see horrible advice in a financial forum, send it to us! (joe at stacking benjamins dot com)


Doug’s Trivia: Test your knowledge with Doug’s latest trivia question and much more! Today, he dives into Federal holiday trivia to celebrate Juneteenth.

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Tax planning in June? Of course! Why would you wait until next year, when you can't make ANY financial moves that save you money, to start figuring out how to cut your tax bill? Right now, at nearly the halfway point of the year, we'll dive into how to understand your taxes and make cuts with our tax planning mentor, Hannah Cole. Hannah will walk us through tax savings ideas for everyone, and then we'll focus on those people who have either started a side hustle or who are entrepreneurs and share some great tips for business owners. Even if you're just dreaming about having a business or "working for the man," we've got you covered.
Plus, in our headline segment, two brothers woke up one day this spring and found themselves disinherited, losing out on approximately one million dollars! How did that happen? It could have all been avoided, and YOU can avoid this problem too. We'll walk you through HOW to make sure your beneficiaries receive the funds you've decided should go to them. We'll also explain how wills and trusts work, and get you started toward building a better "estate plan."
Of course, Doug brings his awesome trivia challenge AND we answer a question from a Stacker in need.
FULL SHOW NOTES: https://stackingbenjamins.com/tax-planning-year-round-1532
Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201
Enjoy!
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How are you preparing for retirement? Have you looked at all of the dimensions to ensure you have a successful, long runway of money always available? On today's special roundtable episode, we dive into a piece that claims there are seven things you need to do in order to be prepared for retirement. Joining us are: Don McDonald from the Talking Real Money podcast, Paula Pant from Afford Anything, and OG.
In the second half of the show, sponsored by DepositAccounts.com, we dive into risk mitigation, the importance of maintaining adequate cash reserves while in retirement, and keeping a historical context of current events.
Be sure to stick around for the yearlong trivia competition with Doug's baseball-themed trivia.
FULL SHOW NOTES: https://stackingbenjamins.com/moves-to-make-before-retirement-1531
Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201
Enjoy!
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There’s another lawsuit brewing in the world of retirement planning. This time, participants in a 401(k) plan in California are raising concerns about how Qualcomm is handling the money forfeited when employees don’t complete their vesting schedules.
Vesting schedule? What’s that all about?
Today, we'll break down everything you need to know about vesting schedules, so you can navigate your job benefits with confidence. Whether you’re dealing with a vesting cliff or a staggered vesting schedule, we’ve got you covered. We’ll explain how they work, the taxes involved, how to plan around them, and how to think about any money that isn’t fully yours yet. Plus, for business owners, we'll discuss how to balance keeping talent with implementing vesting schedules. Get ready for a fun and informative session on one of the trickier aspects of financial planning!
In our TikTok minute, we’re sharing a clip from Fox News where a contributor predicts what will happen to the stock market if Trump is convicted after his recent trial. Spoiler: He was convicted. Let’s see if his prediction came true and how it might impact your money.
We also have a note from a fellow Stacker who thought, "I better call Saul...Sehy & OG." He’s worried about contributing to a Roth IRA because his income is too high. We’ll discuss strategies like backdoor Roth contributions, Roth 401(k) plans, and some of the tricky rules around Roth IRA conversions that can trip people up.
And of course, we’ll share a fun trivia question from Doug, sit on the back porch, and so much more!
FULL SHOW NOTES: https://stackingbenjamins.com/all-about-vesting-1530
For deeper dives with curated links, topics, and discussions, check out our newsletter, The 201, at https://www.stackingbenjamins.com/201
Enjoy!
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Unlocking the FinTech Disaster: What You Need to Know
You might not know it, but a huge number of people have their money trapped in a recent FinTech crisis. When the middleman company Synapse went bankrupt, it froze funds in many popular FinTech apps, including Yotta, a sweepstakes app that makes saving money fun. Will Yotta and other affected FinTech companies be able to return their users' money? What does this mean for the future of FinTech? Is more legislation on the way to prevent this from happening again? While new updates are rolling in daily, we’ll break down what we know and how it impacts your finances.
The Fascinating History of Banking
Later in the show, we'll dive into the history of banking with our mentor for the day, Paolo Zannoni. Paolo is the deputy chairman of Prada, a historian, and the former head of operations for Goldman Sachs in Russia. He'll reveal that while today's FinTech issues might seem new, they’re part of a repeating historical pattern. Learn how modern banking originated in Pisa, the relationship between banks and credit, how minting money sped up the creation of banks, and how banks and governments have collaborated for centuries.
Better Call Saul... Sehy and OG: Setting Savings Goals
In our Better Call Saul... Sehy and OG segment, a Stacker mom seeks advice on helping her twenty-year-old daughter set savings goals. The young woman is great at saving but isn’t sure what to save for. We always say, "Begin with the end in mind," but what if you don't know what "the end" looks like? We’ll discuss practical steps to find and set meaningful savings goals.
Plus...
Don't miss our memorable back porch discussions, Doug's always-entertaining trivia, and much more!
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For deeper dives with curated links, topics, and discussions, subscribe to our newsletter, The 201, at stackingbenjamins.com.
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Why aren't all big-money ballers able to pile up massive stacks of Benjamins? How come some average Joe earners can build significant wealth? On today's special roundtable episode, we dive into a blog post listing the top six reasons people who make big money can't save. One of the Top 100-rated financial planners by Investopedia in 2023, Elaine King, joined us. She's not alone, though. We also feature the creator of the award-winning blog Afford Anything, Paula Pant, and our own resident CFP, OG.
In the second half of the conversation, sponsored by DepositAccounts.com, we'll explore the actual benefits of relocating to save money.
Stick around for our year-long trivia competition inspired by our special guest, Elaine King's, home country of Peru.
FULL SHOW NOTES: https://stackingbenjamins.com/top-six-reasons-youre-not-rich-1528
Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201
Enjoy!
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