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Every week we have listeners reach out with questions so today we’re opening up the mailbag to talk about the topics that are most important to you.

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The goal of this podcast is to educate and inform and anytime we can address a specific topic for listeners we’re all about it. One of the easiest ways for us to do that is by taking the questions you send us and bringing them onto the show to answer.

That’s what we’ll do on this episode before we call out the latest Financial Propaganda of the Week. Let’s get started!

Mailbag Time

If you ever have a specific question about retirement, finance, investing, or something similar, send it over to us at Every now and then we’ll pull out topics that we think are great for investors and we’ll answer them on the podcast.

Today we’re discussing college savings and why 529 plans are such a great opportunity to fund education without paying taxes on your earnings. Then we’ll talk about mortgages and whether you should aim to be free and clear before you reach retirement.

0:32 – Today we’re opening up the mailbag. Here’s how to contact us.
0:52 – Mailbag question: I’d like to start putting money into a college fund for my grandkids. Should I set up a 529 plan for them or just invest the money myself and give it to them later?
1:51 – 529 plans can also be a great estate planning tool.
2:55 – Mailbag question: How much is too much to spend on our forever home? Should we spend less to avoid a mortgage in retirement or buy a nicer house because it’s where we want to be forever?
4:00 – Bob met with a client this week on a similar real estate issue.


Financial Propaganda of the Week

All week, Ryan and Bob are scouring the internet for financial news and information but they always come across headlines that they don’t agree with. This is the place where we call out that propaganda and explain why we disagree with what was written or said.

This show will focus on two topics that we love to rant against. The first is indexed annuities as an safe option if you want to stay away from the market. The second is mutual funds versus ETFs. It’s always a passionate discussion when these products are brought up and today’s no different.

6:02 – Financial Propaganda of the Week
6:26 – Bob found an article from someone who doesn’t want to invest in the market and wondered if an indexed annuity would be a good option.
8:51 – Ryan found an article asking should you dump your mutual funds for ETFs?

“I wish 529 plans were around when my son and partner Ryan was growing up because they are the greatest deal for anyone who’s saving for education.”

– Bob Payne

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