067 – How do Interest Rates Interact with Inflation? + Evaluating Your 401(k) Provider, with Paul Sippil

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:

401kprovidersearch.com 

paulsippil.com

Personal Capital Budgeting App 

Dave Ramsey Every Dollar 

All Weather Fund – Permanent Portfolio 

I Bond