How To Slash Your Investing Risk (with Chris Cook)

07/11/18 • 72 min

Investing can be scary, especially if you're just starting out. What if your money evaporates overnight? What if some unforeseen event happens and my investments are wiped out? And with most of us relying on our investments to get us through retirement years, to pay for college, or other goals, it's natural to be worried. While we can't totally eliminate investment risk, we can do a pretty good job reducing risk... if you know how. That's why we're bringing the author of Slash Your Retirement Risk, Chris Cook, down to the basement. We'll talk to Chris about how you can make practical, safe investments to see you through your retirement years, and still keep the money rolling while you do it.

Then our headlines segment, UBS has been ordered to pay out millions in a Puerto Rico bonds claim. Plus, during our second headline we cross over to the other side and hear the confessions of a debt collector. Of course that's not all! We'll throw out the Haven Life line to Mike, who has a pile of cash to invest. He already has a few ideas, but wants to know what we think. And in our letters segment Willis wants to know if taking the tax hit for a backdoor Roth contribution with his two rollover IRAs is worth it. Thoughts? And don't you worry, we'll still have time for Doug's trivia.

Thanks also 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.

Thanks to Slack for supporting Stacking Benjamins. Slack: Where work happens. Go to slack.com to learn more.

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Thanks to Slack for supporting Stacking Benjamins. Slack: Where work happens. Go to slack.com to learn more.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Previous Episode

Fun & Games and Wiping Out Your Student Loan Debt (with Michael Torpey and Natalia Abrams)

A game show made to wipe out student debt? That's right...coming to Tru TV is a new game show that's made specifically for that reason. If you're anything like millions of other people, you've probably had (or still have) the pleasure of dealing with student loans. Between ongoing bills and wallet stretching emergencies, it may seem like there's never enough money to go around. So what do you do? Coming to the basement to discuss the student loan epidemic, and to help YOU pay off some of your debt on his new show called Paid Off with Michael Torpey, we welcome....Michael Torpey. Also joining us is one of the people helping to lead the charge for student loan debt reform, the executive director of Student Debt Crisis, Natalia Abrams.

In our headlines segment, how would you like to get thousands of dollars for painting your front door? Okay... while it's not THAT simple, the idea still stands. New statistics show that painting your front door is one of the most cost-effective methods of increasing your home's value. And in our second piece, one ATM had over $17,000 shredded...and you won't believe how it happened.

And then, during the Haven Life Line, Kurt wants to know about jobs (other than a financial advisor of course) that deal with helping others financially. Of course, we'll still answer a letter, have time for Doug's trivia, and much more.

Thanks to Slack for supporting Stacking Benjamins. Slack: Where work happens. Go to slack.com to learn more.

Thanks also to our favorite browser extension Honey for supporting Stacking Benjamins. Signup for FREE with joinhoney.com/SB Time calls Honey "basically free money." We agree.

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Next Episode

Answer These 3 Questions About Money To Enrich Your Life (plus an intro to eBlocker)

It always pays to start with the end in mind, which may seem difficult, but one recent piece suggests that answering a few questions will help you crystalize your goals. For example, do you know what you'd do with your life if money wasn't an issue? What would your life's goals and aspirations be? What would change? To help answer today's big questions we invited Crystal Hammond from the SophisticatedSpender.com to join us, along with regular contributors Paula Pant from AffordAnything.com and Len Penzo from LenPenzo.com

Halfway through the show we'll talk to Kevin Ells from eBlocker. Tired of being tracked online? Want to stop companies from price discriminating against you? We'll talk to Kevin about eBlocker's nifty hardware that'll help you take back your privacy online.

We'll also save time for Doug's Friday the 13th trivia segment, and of course, we'll answer a three-oh call for help to the Blooom hotline. Mrs. Anonymous and her husband are starting a small local business as a side-hobby, with the possibility of scaling up to an online store. Should they start an LLC right away, or wait until they have some growth?

Thanks also to our favorite browser extension Honey for supporting Stacking Benjamins. Signup for FREE with joinhoney.com/SB. Time calls Honey "basically free money." We agree.

Learn more about your ad choices. Visit podcastchoices.com/adchoices