The Stacking Benjamins Show How to Prioritize Your Money: Listener Q&A (SB1792)
10 snips
Jan 19, 2026 Navigating your financial life with competing priorities can be tricky. Discover how to make better decisions when juggling retirement, insurance, and emergency funds. Get insights on optimizing life insurance and tips for creating an effective gifting strategy. Learn the implications of 401(k) changes and how automatic enrollment can affect your savings. Plus, hear practical advice for building an emergency fund with variable income and the importance of balancing financial goals without losing sight of long-term plans.
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Shop And Stagger Life Coverage
- Shop life insurance rather than automatically renewing with the same company because rates and underwriting change with age and health.
- Keep the old policy until new coverage is in force and consider laddering multiple term policies to manage cost and coverage.
Calculate Needs, Not Just Income Multiples
- Use a needs-based life insurance calculation instead of simple income multipliers to match actual expenses and family needs.
- Include spouse contributions and potential lifestyle changes when determining coverage amount.
Keep Grandchildren Funds Under Your Control
- Avoid UGMA/UTMA if you want control past age 18 because assets transfer to the child at majority and hurt FAFSA eligibility.
- Prefer a brokerage account in your name or a single pooled account to retain control and flexibility for grandparents.
