Pension Perils: Lessons from the Dallas Fund Fiasco (SB1576)

Joe and OG create a case study focusing on the Dallas Police and Fire Pension System's struggles, diving into poor investment choices and their impact on employees. Joe relays the perils of complicated investments, advocating for more straightforward and more manageable strategies. The team also shares a TikTok moment about evaluating wealth through trash cans, discusses an unusual employer's 401k vs. Roth IRA match proposal, and debates their most disappointing concert experiences. Introduction and Doug's Antics Today's Show Overview Pension Fund Struggles Dallas Police and Fire Pension System Pension System Mismanagement Lessons for Average Investors Private Equity Pitfalls The Importance of Professional Management Trivia and TikTok Minute Buffet or Buffett? The Trash Can Wealth Indicator Listener Question: Employer Matching Roth IRA Contributions Concert Disappointments and Highlights Wrapping Up: Key Takeaways FULL SHOW NOTES: stackingbenjamins.com/all-about-pension-funds-1576 Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201 Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Named 2023 Best Personal Finance podcast by Bankrate.com, The Stacking Benjamins Show has a light and friendly tone. Hosts Joe Saul-Sehy and OG aim to make financial literacy fun for all as they sit around the card table in Joe's Mom's half-finished basement and talk with experts about personal finance, saving, investing, and important money trends. As Fast Company once wrote, the Stacking Benjamins podcast "strikes a great balance of fun and functional." So join Joe and OG every Monday, Wednesday and Friday as they read your letters, discuss major headlines, and throw in some trivia and laughs for free.