The history of money is possibly (even probably) the most tangled web of assumptions, grief, symbolism, happiness, and longing in the history of the world. Today Frederick Kaufman joins us to share a few of those stories. From the earliest days of exchanging objects to represent currency, to the heads of state on coins, to Bitcoin and beyond, we'll discover many of the stories that encompass names from Adam Smith to Anna Nicole Smith.
Plus, during our headlines segment of the show we'll talk to Sean Hanft from FSAStore.com. It's nearing the end of the year and if you have flexible spending account dollars left, it's time to use them before you lose them. Plus, one blog post making its way around, which makes the case against opening a 401k to start saving for retirement. Naturally, Joe and OG have a thought or two about that.
Plus, we all know the famous 4% rule (of thumb), but have we been using it wrong this whole time? Matt calls in the Haven Life Line to ask for some clarification. While you shouldn't be using rules of thumb to guide your portfolio in the first place, Matt's question could potentially have big implications on your retirement draw-down.
Enjoy!