AAR72 - Financial Tier List
Summary
Hosts Evan Rate and Andrew Sather rank various financial decisions on a tier list for a typical 30-year-old, debating topics from 401k matches to day trading. They agree that capturing employer matches and using high-yield savings accounts are S-tier moves, while day trading, timeshares, and buy-now-pay-later services are F-tier. The episode also covers the sustainability of maxing out retirement accounts, the pitfalls of annuities, and the risks of long-term car loans.
Topics discussed
Intro: Pineapple pizza and tier list concept
Host introductions and In-N-Out debate
Defining the 'Walmart Glasses' average investor persona
Ranking: 401k employer match (S Tier)
Ranking: Maxing out 401k contributions (C/D Tier)
Ranking: Emergency fund in HYSA (S Tier)
Ranking: Index fund investing (S Tier)
Ranking: Roth IRA contributions (S Tier)
Roth IRA backdoor contributions and penalty-free withdrawals
Sponsor: Cash App Bitcoin
Sponsor: Mint Mobile
Ranking: Credit card rewards (C Tier)
Ranking: Paying off 3% mortgage early (D Tier)
Ranking: 72-month car loans (C Tier)
Discussion: Affordability of extended car loans
Ranking: Annuities (D Tier)
Annuity death benefits vs. other wealth transfer tools
Sponsor: Mint Mobile
Sponsor: Disney+ Mandalorian
Ranking: Financial Advisor 1% fee (D Tier)
Ranking: Day trading (F Tier)
Ranking: Investing in Crypto (D Tier)
Ranking: Timeshares (F Tier)
Ranking: Buy Now, Pay Later (F Tier)
Conclusion and call to action
Sponsor: Mint Mobile
Listen ad-free on Castria