Alana Benson

In this discussion, guest Alana Benson, Investing Nerd at NerdWallet, shares her expertise on smart investment strategies and ethical investing. She explains how to effectively diversify an investment portfolio and maximize the use of tax-advantaged accounts like Roth IRAs and 401(k)s. The hosts delve into practical tips for growing $26K to $44K in seven years, highlighting the importance of index funds, managing risk, and setting achievable financial goals. They also address listener questions, providing actionable insights into building a stable investment future.

Joining the discussion are Alana Benson, an Investing Nerd at NerdWallet, and Jackie Veling, a personal loans writer and BNPL authority. They dive into the nitty-gritty of Buy Now, Pay Later services, exploring how these options can impact credit scores. The conversation shifts to managing unexpected wealth, specifically a $124,000 inheritance, with tips on balancing investments, debt, and enjoying life. Listeners learn about the importance of understanding investment fees and selecting the right accounts for their financial goals.

Alana Benson, an investing writer from NerdWallet, breaks down the rising trend of treating life insurance as an investment. She explains why life insurance should not replace a 401(k) and debunks common misconceptions propagated by TikTok influencers. Alana highlights critical differences between life insurance policies and retirement accounts, pinpointing hidden fees and potential conflicts of interest. The conversation also touches on the importance of scrutinizing financial advice on social media while discussing recent economic trends like GDP growth.