Paul Sippil is a financial advisor who specializes in helping small businesses and individuals select the right 401(k) provider for their financial needs. He has websites and a YouTube channel with free educational information to help investors avoid unnecessary fees and maximize retirement savings.
Timestamps:
3:00 – Financial Advisors don’t charge for the commensurate amount of work
6:00 – History of 401k & Why Asset Based Fees are BS
10:30 – Guideline 401k price structure changes
15:00 – Basics of Retirement Savings and How to Save
21:00 – Budgeting – track your spending with simple “date – amount – description” format
24:30 – Expense Ratios- Active vs Passive Funds
26:00 – How to pick a fund to invest in
29:30 – Buy Low / Sell High?
31:30 – True Diversification is outside of the US Market and understanding correlation
40:00 – The argument for a gold standard
47:00 – How do interest rates interact with inflation?
54:00 – I Bond
56:00 – Paul’s Services for employer-sponsored retirement plans
58:00 – Spark by seek discomfort game
- Thomas’ Question: how would your life change if you had 1 year left to live?
- Paul’s Question: what have you dreamed of doing for a long time and what is holding you back from doing it?
References and Further Reading:
Personal Capital Budgeting App
Dave Ramsey Every Dollar
All Weather Fund – Permanent Portfolio