Ep. 012 – Listener Questions with Alex Benke, CFP®

We like to mix it up and try new things every now and then on “Better Off.” Earlier this month, for the first time, we featured one guest (Jason Zweig) on back-to-back episodes.

This week, it’s another first for us, one that’s all about you guys, our awesome listeners. We’ve been getting so many email questions on a variety of topics we thought it would be a good idea to devote an entire episode to answering your questions.

Sure, I could do this on my own but thought it would be much more fun to have a partner in crime, so I borrowed Alex Benke, CFP®, from our sponsor, Betterment.

Betterment recently announced new service plans which offer access to a team of CFP® professionals and licensed financial experts to help customers with their more complicated financial issues. We’re borrowing a page from that model and answering your questions!

We started off helping Stephen from Florida with retirement planning. Like many, Stephen feels he got a late start and wants to make sure he’s now on the right path.

Howard from Atlanta is in pretty good shape with a nice chunk of money socked away, but he wanted a second opinion to see if there’s anything he could be doing better or if there’s something he should stop doing.

Andrew from Illinois recently inherited retirement money after his father passed away. With the inheritance comes the responsibility of RMDs, taxes, etc. It can be a lot for someone to process so Alex and I were more than happy to lend a helping hand to Andrew.

We finished up this episode with Peter in Michigan who finds himself in a common situation: He’s carrying piles of student loan debt, as in $200,000. Peter was wondering if it made more sense to increase his 401(k) contribution or put some extra cash toward the student loans? Here’s a tease…Alex and I had different opinions on this one. 🙂

I hope you enjoyed this special episode. Who knows, maybe we’ll start doing it on a more regular basis. I’ve always found that people love hearing other people ask questions because chances are, they were wondering the same thing but were too afraid to ask. Don’t be afraid! If you have a question, email us at askjill@betteroffpodcast.com.

“Better Off” is sponsored by Betterment.

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“Better Off” theme music is by Joel Goodman, www.joelgoodman.com.

For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/.