SIPC vs FDIC Insurance | Live Q&A 100,000 Subscribers Edition

Rob Berger March 21, 2023
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Rob Berger

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This channel is dedicated to helping you achieve financial freedom. Videos cover everything from getting out of debt to investing for the very first time. TOPICS: --Getting out of debt --Creating a budget that works --Investing for retirement in a 401(k) or IRA --Buying a home --Improving your credit --Understanding insurance --Managing student loans --Finding the best banks and credit cards --Saving money ABOUT ME: I've been writing about personal finance and investing since 2007. After spending 25 years as a securities lawyer in Washington DC, I retired in 2016 to run my personal finance blog full time. Since then I've sold the blog, and now serve as the Deputy Editor of Forbes Money Advisor. I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom.

Video Description

Tonight we begin by discussing the differences between SPIC and FDIC insurance. Then I'll take your questions. Join the newsletter: https://robberger.com/newsletter/?utm_source=Rob+Berger&utm_medium=ATF+Link&utm_campaign=Newsletter&utm_id=YouTube ———————————— Timestamps ———————————— 0:00 - Welcome to the Financial Freedom Show! 0:27 - 100K subscribers 1:14 - SIPC vs FDIC Insurance 9:42 - Resources for my Newsletter 12:44 - Are more expected? 14:40 - No Penalty CD's 16:47 - MooMoo 17:52 - Poll 20:14 - What am I reading now 21:43 - Fundrise 23:45 - New Poll 24:27 - Risk of small vs large cap 12:46 - Messy 28:51 - VGSH & SCHO 34:20 - FNCMX 39:34 - Going against inflation cushioning 42:47 - Let's look at the poll 43:28 - Brokered CD/FDIC 44:44 - Guilty pleasure food 45:54 - Bill Mahr/Forbes contributor 46:27 - Online table of contents 48:27 - VT, BRKB, VOO 50:22 - Stock market investments with current banking risks 53:03 - Avoid mid cap? 54:01 - Capital One or Ally for online banking 58:30 - Ratios 1:03:26 - Rolling over a 401K to IRA 1:07:54 - Short term gains/$15,000 1:09:02 - Transferring an IRA CD 1:12:02 - VWINX 1:13:21 - The issue with regional banks 1:14:50 - CD's or TBills 1:17:30 - The 4% Rule 1:21:50 - Taking a small percent and doing something different 1:22:50 - Portfolio Visualizer 1:24:26 - Recommendations for next step challenge 1:26:31 - My daily routine 1:30:16 - Scrolling the chat 1:31:32 - Thanks for the 100K! 1:31:55 - Financial Freedom ———————————— Investing Tools ———————————— My Book (Retire Before Mom and Dad): https://amzn.to/2MsRJ9B Personal Capital (Investment Tracking, Retirement Planning): https://robberger.com/yt/empower New Retirement (Retirement Planner): https://robberger.com/yt/new-retirement Stock Rover: https://robberger.com/stock-rover M1 Finance $30 Bonus (IRA & Taxable Accounts): https://robberger.com/m1finance-bonus ———————————— Credit Cards & Banks ———————————— My Favorite Credit Cards: https://www.allcards.com/best-credit-card-offers/?utm_source=YouTube&utm_medium=Video+Links&utm_campaign=Boilerplate My Favorite Online Banks: https://www.allcards.com/best-online-banks/?utm_source=YouTube&utm_medium=Video+Links&utm_campaign=Boilerplate ———————————— Popular Videos ———————————— 1️⃣ How to Create a 3-Fund Portfolio: https://www.youtube.com/watch?v=kmw8OpGp2rM 2️⃣ How I Manage 28 Accounts in One App: https://www.youtube.com/watch?v=cQk6EQk3iGg 3️⃣ 7-Step Financial Checkup: https://www.youtube.com/watch?v=mNWGWxKzKTY #retirement #investing #robberger ABOUT ME While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I'm the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money. I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom (https://amzn.to/3by10EE) LET'S CONNECT Youtube: https://www.youtube.com/channel/UC9C17-OMxa-7oRSaCtztObw?sub_confirmation=1 Facebook: https://www.facebook.com/financialfreedomguy/ Twitter: https://twitter.com/Robert_A_Berger DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning at no cost to you I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mom.