Mailbag! Maximizing Dividends, Spending in Retirement, Managing a 529
6/20/202624 min
Host Robert Brokamp is joined by Fool contributor Dan Caplinger to answer financial planning questions sent in from listeners, including:
-How do ETFs affect the recommendation to own 25 to 50 stocks?
-How can a new retiree switch from saving to spending after decades of frugality?
-Since stock prices drop after a dividend payment, is it a “nothing-burger”?
-How to manage a 529 as a kid gets ready to go to college?
-Should you automatically reinvest dividends or use the cash to invest in something else?
-What to do when you’re getting a late start on saving for retirement?
Host: Robert Brokamp, CFP®, EA
Guest: Dan Caplinger
Engineer: Bart Shannon
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Clips
Transcript preview
First 90 secondsRobert Brokamp· Host0:00
[upbeat music] Merry weekend, Fools, and welcome to the first mailbag episode of the personal finance edition of The Motley Fool Hidden Gems Investing Podcast. [upbeat music] I'm Robert Brokamp, though my nickname around The Fool is Bro, which you'll hear about today, and my colleagues who host the weekday shows have been soliciting questions from our audience for the past few months. And it turns out y'all have plenty of financial planning questions. So I thought I'd devote an entire episode to answering some of them, and to help me is my longtime partner in crime, Dan Caplinger. Dan is a former financial planner and trust attorney, and for more than six years Dan and I have been answering questions for Motley Fool premium members during two live shows each and every week. So I asked Dan to join me for this inaugural mailbag episode. Welcome to the show, Dan.
Dan Caplinger· Guest0:51
Glad to be here, Bro. It's always fun to, uh, to talk financial planning with you.
Robert Brokamp· Host0:55
Outstanding. So this is how this is gonna work. So we chose six questions from those that we received, uh, which touch on personal finance as well as a little bit of investing. I will read each question, and Dan and I will take turns taking a first crack at it, and then the other will add his thoughts if he has any. With all that said, here's the first question. It comes from Brother Zach, who wrote in that The Fool recommends holding at least 25 individual stocks. How do ETFs play into that? Do they count as one stock, one and a half stocks, or do you count them as completely outside of the 25 individual holdings? Dan, what do you think?