Topics: Three people you must have in your life and in your cell phone.
- Gail and her husband are 35 with $160k in retirement savings and asks about converting a traditional IRA to a Roth IRA.
- Pension manager gets caught stealing from investors.
- Jade is 32, living paycheck-to-paycheck, and her husband isn't helping with the budget.
- Jared (Dirty South) is interested in Tasty Trade.
- 2016 8-second year in review.
- Today's show is brought to you by the letter R for Recession Proof.
- Walk tall and the world will look up to you.
Links mentioned on the show:
Pension executive blowing investor funds on drugs, sex, and bribes - http://www.usnews.com/news/business/articles/2016-12-21/feds-pension-exec-moved-2b-for-coke-hookers-other-bribes
How to get your husband to budget - https://scottalanturner.com/5-steps-to-getting-your-partner-on-board-with-a-budget/
Topics: A must-buy time-sensitive investment opportunity with a 500% return (but not for you).
- Jade is 32, living paycheck-to-paycheck, and her husband isn't helping with the budget.
- Mike (Petersburg, IL) has $400k in debt and asks if it's better to pay it off sooner or later.
- Anthony and his wife have paid off $4,400 in debt.
- Today's show is brought to you by the letter Q for quid.
Links mentioned on the show:
None! Go watch some cat videos on YouTube instead.
Topics: The Turner Administration just had its first setback.
- Sell your unused gift cards to get extra money.
- Banks just can't quit hitting you with overdraft fees.
- Chelsea (Las Vegas, NV) asks about buying time in a pension plan.
- Monica (Ceti Alpha 5) thinks I'm speaking on a higher plain of existence.
- Michael is 59 and wants advice on paying off debts or investing in a business that produces a second income.
- John is also 59 and recently divorced and trying to rebuild from scratch.
- Alice asks about the tax implications of collecting social security and working.
- Deacon Hayes on why Millennials may not be able to retire.
- Today's show is brought to you by the letter P for Paris Hilton.
- Using your walk away power to get a deal on a house.
Links mentioned on the show:
Topics: Masters Of the Obvious.
- Oh yes you can.
- Scam alert for free ATM cards.
- What you'll need for the January challenge.
- Charlotte is having financial problems but doesn't want to miss out on life's experiences.
- Jay's credit score has gone up 20 points.
- Anonymous paid off a $7,500 medical bill and is debt free.
- Jared is debt free and has a path to becoming a millionaire.
- Magnesium is the new black, and the new gold.
- Genevive (Riverside, CA) is upside down on a car loan and trying to rebuild her credit.
- Opendoor - a new way to buy and sell your home.
Links mentioned on the show:
Topics: My bold predictions for 2017 and beyond.
- Wells Fargo has decided once again to put profit before people.
- Lucas asks about paying off debt vs. the tax benefits of 401(k) contributions.
- Millennials can expect to collect social security checks later and they should be happy about it.
- Ian (Jamaica Queens, NY) wants to get rid of his credit card debt and start building wealth.
- Hannah is a freshman in college and needs to track her income even though it's inconsistent.
- Josh has an excellent tip on how to build a business.
- Landlord drama continues thanks to some squirrels.
- Deanna (Seattle, WA) paid off $20,000 in 12 months and is debt free!
- Today's show is brought to you by the letter N for net worth.
Links mentioned on the show:
Topics: CNBC calls out one of the financial pied pipers that got it wrong - what was his response?
- Tyler is considering a consolidation loan to help him get out of debt faster.
- Kaiya wants to go to college but not take out any student loans.
- Employees of companies with great performing stock are more likely to over-invest in their employer's stock in their retirement accounts.
- Samson wants to know how to make fast, free, and easy money.
- Anonymous is out of bankruptcy and asks how much to have in savings in case of an emergency.
- John (Parts Unknown) and his wife earn $225,000 and can't contribute to a Roth IRA. What is there next best option?
- Daniel Norris is a millionaire living in a VW bus.
Links mentioned on the show:
Topics: Mortgage rates are ticking up - should you be worried?
- How much are financial adliesers paying to be on Top 100 lists?
- New downpayment option for home buyers.
- Anthony (Sparrows Point, Maryland) is getting hit with reorganization fees by his broker.
- JR (San Jose, CA) is deeply invested in his company stock and wonders if he has all his eggs in one basket.
- Talon is in college and finds it hard to save money.
- Kristin and her husband paid off $33,000 in debt and will be debt-free in 2017.
- Jacqueline has $10,000 on a credit card from a vet bill and her husband won't help her pay it.
Links mentioned on the show:
Topics: How an everyday family saved $1 million.
- Pamela is 22 and has $12,000 in debt to pay off but wants to get her own place.
- We made the AOL Finance 13 Best List Personal Finance books!
- CC from Phoenix, AZ has $62,000 in debts to pay off.
- John and his wife are trying to save more for retirement and deciding between a bigger home or smaller home.
- Judy wonders if she and her husband will outlive their reverse mortgage.
- Robos are sticking up for the fiduciary standard on your behalf.
- Today's show is brought to you by the letter M for market jitters.
http://scottalanturner.com/show178
Links mentioned on the show:
Topics:
- What's it like to be a landlord?
- The surprising trick that makes or breaks a budget.
- You can lead a horse to water...
- Mariah is 23 and trying to figure out if she should pay off her debts before going back to school.
- Lena (Wheeling, IL) has an HSA and needs help picking between the investment choices.
- Michael (Alameda, CA) asks how many credit cards does he really need.
- How to save money on college if you're a high school student.
- Autumn has a 2002 Kia and is considering refinancing the car a 3rd time to get a lower interest rate but the term would be longer.
- Banks have made $900M in ATM fees.
- The social security train wreck coming.
http://scottalanturner.com/show177
Links mentioned on the show:
ATM and overdraft fees top $6 billion at the big 3 banks
Topics: Who is winning the battle of the robo advisors?
- Costco not-so-special deals for Christmas.
- Taylor asks about 15-year vs. 30-year mortgages.
- Can you have a tax-free retirement by buying universal whole life insurance?
- Eric is a truck driver living the life of nomad and has a question on picking the best funds in his 401(k).
- Adrian is looking for a great job for introverts, quiet, and shy people.
- Toby uses our negotiating techniques to save $800 on furniture.
http://scottalanturner.com/show176
Links mentioned on the show:
Topics: Scott finds more bad advice given out by the financial pied pipers.
- Autumn submits a marriage proposal.
- Adam (Minnesota) asks about dividing money between a 401k and Roth IRA.
- Clydeisha wants to leave one of her jobs to spend more time with her son.
- Al (Northern California) asks where to invest for his kids college education.
- Scott gets a great offer that will cost you money.
- Natalie can't make her budget work.
- Tony's only debt is his mortgage!
- Harold (Newport News, VA) asks about refinancing a home to create some buffer.
- Today's show is brought to you by the letter L.
http://scottalanturner.com/show175
Links mentioned on the show:
Topics: How to work through pain and suffering.
- Jesse falls for election night market madness.
- Eileen (MA) asks about saving for college and FASFA.
- Abigail is 22 and working at a fast-food job but would like to pursue photography full-time.
- David (Dallas, TX) has an out of state rental property he's deciding what to do with.
- A father's letter to his adult children.
- CC (Phoenix, AZ) has an ARM loan on an investment property and wonders about refinancing or unloading the property.
- Scott rants: no millionaire ever claimed to get rich on credit card points.
- MJ has an offer for a credit card balance transfer and asks if he should take it.
- Al (Northern California) paid off $19,000 in debt!
http://scottalanturner.com/show174
Links mentioned on the show:
A father's letter to his adult children on Thanksgiving
Expected Family Contribution for College Calculator
Topics: What's on your bucket list?
- Mil (Long Island, NY) has a condo and is deciding if it's time to get into rentals.
- D'Arcy is budgeting during the down times.
- Scam alert - billboard advertises guaranteed 700 FICO score?
- Justin (Chippewa Falls, WI) has a patent and is researching white labeling it.
- Steve paid off $27,000 in debt!
- Do you have any money challenges for next year?
- Rebecca (New Zealand) was in a bad relationship and is trying to get back to even.
- Nicole (Orange County, CA) is saving up for a house but doesn't like her savings options.
http://scottalanturner.com/show173
Links mentioned on the show:
Topics: Using real estate investment trusts (REITs) to increase your investment returns.
- Who is Steve Aoki?
- Darby asks if it is better financially to rent vs. buy.
- Make extra money by testing websites.
- Rachel is graduating with a mechanical engineer degree and wants to stay out of debt.
- Stacy is moving two steps forward and one step back.
- Sarah found $50 by changing cell carriers and has a delicious snack recipe.
- Paul (Australia) paid off $50k and now has only a mortgage to pay off and asks if he should pay down the mortgage or invest instead.
- Start your own free library.
http://scottalanturner.com/show172
Links mentioned on the show:
Topics: The pros and cons of buying a new home vs. an existing home.
- Allan (Canada) is trying to automate his savings.
- We're moving to Canada too.
- Mark (Plano, TX) asks about financial lessons for kids.
- The real Japanese Housewives.
- Scott (Hobart, IN) has an annuity and would like to pay off some debt with it.
- Chris paid off $17,500 in debt!
http://scottalanturner.com/show171
Links mentioned on the show:
Topics: Things to think about when deciding between buying an existing home or a brand new home.
- Kevin asks about how to become a freelancer.
- Sarah has a family of six and asks about financing for a bigger vehicle.
- Using donor advised funds for charitable contributions.
- I is for ice.
- Stacy (San Antonio, TX) asks to Roth or not to Roth.
- Roberto asks how long before a bankruptcy shows up on a credit report.
- Ashley has two (soon three) kids and can't afford Internet access.
- Krystal paid off $24,285.28 in debt!
http://scottalanturner.com/show170
Links mentioned on the show:
Topics: Our remodel of a 1950's home.
- Justin is deciding between a 529 plan an an ESA.
- Darby has two savings goals to prioritize.
- Kevin has a question about signing up for a 401(k).
- Mayra and her husband have paid off $37,000 in debt!
- Kevin's wife wants to start a business and wonders about paying taxes and getting deductions.
- Taryn (Honolulu, HI) is deciding between a student loan vs. a down payment on a condo.
- Kevin is looking for a safe place to park his emergency fund and earn money.
http://scottalanturner.com/show169
Links mentioned on the show:
Topics: We are now landlords.
- Tony (Apollo Beach, FL) has significant assets and is concerned about being sued.
- Dan (Limerick, PA) is 35 and asks how much he should have saved in his 401(k) by now.
- Jesse (San Antonio, TX) wonders if the imperial federal government could someday drain her 401(k) to pay for band uniforms.
- Greg (Seattle) wonders about picking life insurance.
- Wil asks if paying 1% to an advisor is worth it.
- Elaine is struggling with higher rent, a car payment, and credit card debt.
- Dolores with another win.
http://scottalanturner.com/show168
Links mentioned on the show:
Topics: Why you should not prepay funeral expenses.
- Kristin has aging parents who will be meeting with an advisor soon.
- Stephen (Colorado Springs, CO) and his wife are debating how to best use their income.
- Corinne has co-workers who are not happy with her goal of becoming debt-free.
- H is for Haggling.
- Laura's husband is forming a new business and wants to protect himself.
- Nicholas wants to optimize his credit cards.
- Dolores saves $600 on a new vehicle.
http://scottalanturner.com/show167
Links mentioned on the show:
Federal Trade Commission Funeral Costs and Pricing Checklist
Topics: Do you need a budget?
- Justin (Chippewa Falls, WI) needs a place to save money for his step-son.
- Caleb (Looneyville, WV) is a college student and asks about asset allocation.
- Qoins helps pay off your debt early with the spare change.
- Amanda has $30k in debt consolidation and wants to pay it off.
- Mike (Central Florida) is 50 and asks about investing in an HSA.
- What, me worry?
http://scottalanturner.com/show166
Links mentioned on the show:
Topics: Tips and tricks to getting the most out of your Health Savings Account.
- Bill (Pennsylvania) asks about putting extra money towards a mortgage if he will be moving soon.
- Heather has consolidated debts and can't make her payments.
- Solange shares her financial goals.
- F is for Financial Independence.
- Paul (Down Under) is a money moron and asks if his budget is appropriate for getting out of debt.
- Take chances and get messy.
http://scottalanturner.com/show165
Links mentioned on the show:
Health Insurance Savings for 2017 (Save money on healthcare with HSAs)
Topics: Tips and tricks to getting the most out of your Health Savings Account.
- Fran is 54 and needs to supplement income.
- Leonardo (Florida) has a warning for all landlords.
- Jim (Temecula, CA) might be let go and is deciding what to do.
- Jake (Denton, TX) is deciding on which investment options to pick in a 401(k).
- Take a moment and laugh today.
http://scottalanturner.com/show164
Links mentioned on the show:
Health Insurance Savings for 2017 (Save money on healthcare with HSAs)
Topics: How will you afford your medical bills during retirement?
- Deanna (Seattle, WA) is deciding between saving for a house and retirement.
- Jennifer (Honolulu, HI) is looking for a budgeting plan.
- How should you price your house to sell it as fast as possible?
- Zach (Washington) has to choose between a defined benefit and defined contribution plan.
- Letting go of baggage.
http://scottalanturner.com/show163
Links mentioned on the show:
Health Insurance Savings for 2017 (Save money on healthcare with HSAs)
AARP Healthcare Costs Calculator - http://www.aarp.org/work/retirement-planning/the-aarp-healthcare-costs-calculator/
Topics: You are part of something bigger.
- Rafael (New York, NY) asks about structured derivative products.
- Ray wants to pursue a career in writing.
- Kristen (Hamilton, OH) needs to budget on an inconsistent income.
- Stamp collections as investments.
- Nick is deciding how much house to buy.
- Where confidence comes from.
http://scottalanturner.com/show162
Links mentioned on the show:
Topics: Butterflies and BMWs - what is the price of happiness?
- Johnnie (Palm Harbor, FL) asks what percent of your net worth should be in your home.
- Ossie is a college student with $250k in loans she wants to pay off.
- E is for emergency fund.
- Leslie would like my job.
- Matt has access to a Roth 401(k) and asks if a Roth IRA is necessary.
http://scottalanturner.com/show161
Links mentioned on the show: