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Listener questions again? Yes, and we love it so keep them coming!
Today we talk about making personal finance decisions when your state raises their taxes and can’t balance their budget, where to invest when you are maxing out a ROTH, and more.
Drew says his state’s taxes increased and their finances are a mess. How should I consider my personal finances in this situation?
Rod is contributing to both his employer’s 401(k), maxing out a ROTH IRA, and has a brokerage account with more options. Should I contribute more to my 401(k) and less to my brokerage account?
Jane and her husband have no debt. They live in a travel trailer and visit family for 3 months of the year. Assuming an 8 percent return, we should be able to retire at age 48 and my husband at 52. We are saving for a newer used vehicle when it’s time for replacements. Should we put the money into investments or savings?
Collum from Ireland wants to know what we consider long and short-term savings, specifically for things like a summer holiday, a car purchase in 3 years, a house in 7 years, and a child’s college in 18 years.
Today’s episode is sponsored by BUZZ Index
Doug Goldstein | Goldstein on Gelt
Linda P. Jones | Be Wealthy and Smart
Miranda Marquit | Adulting.tv
Joe Saul-Sehy | Stacking Benjamins
For a quick bio of each of our show participants, head on over to our panelists’ page.
Send us your questions for a future Listener Letters episode
About our sponsor, BUZZ Index
Ever wonder if there were a way to capitalize on all of that online chatter made by millions of investors on social media? Well, your wait is over, because now advances in Artificial Intelligence and Natural Language Processing technologies are at your fingertips…. even if you personally don’t use social media! The BUZZ Index, licensed to an exchange-traded fund and trading under ticker symbol BUZ, provides investors with a portfolio of securities that delivers a basket of large-cap U.S. equities exhibiting the highest degree of positive investor sentiment. No surveys. No guessing. BUZ only tracks what’s volunteered – and if you ARE online, you know that a lot of information is volunteered: millions of posts, comments, and blogs are analyzed each month!
Here’s how it works:. First, BUZZ targets the most mentioned large-cap U.S. stocks across the Social Media landscape. The more active the conversation, the greater the reliability of the BUZZ.
Each of the most-mentioned stocks is then given an insight score based on BUZZ’s proprietary analytics and the 75 stocks with the most Bullish scores are included in the Index. Each month the BUZZ is tracked to capture the latest Big Data driven insights and then the 75 companies with the most Bullish scores are selected, positioning BUZZ to capture the highest return potential.
Invest in the wisdom of crowds. Visit MoneyTreePodcast.com/BUZZ for more information.