The Affordable Home You Overlooked and the Investment Tax Trap You Need to Prepare For

SpaceX’s Biggest IPO in History and Funding a $117K Life Change

Learn what the AI IPO boom could do to reshape your index funds and how to fund years of grad school with no income. With SpaceX set to debut as the biggest IPO in history — and OpenAI and Anthropic filing to follow — what does this landmark moment in the markets actually mean for your portfolio? Senior news editor Rick VanderKnyff and investing writer Sam Taub join hosts Sean Pyles, CFP®, and Elizabeth Ayoola to break down the latest AI IPO news. They discuss what makes SpaceX's offering the largest public offering ever, what the historical track record of IPOs says about buying in at the opening price, and a quietly consequential change to index fund inclusion rules that could leave passive investors with a far bigger stake in mega-cap AI companies than they anticipated. They also explain what direct indexing is and how it could give you more control over what lands in your portfolio. How do you manage your money when you're leaving a career to spend up to three years in graduate school with no income? Sean and Elizabeth tackle a listener's detailed, multi-part question about funding a $117,000 occupational therapy doctorate. They explore whether a Roth IRA conversion could be a smart way to capitalize on low-tax years before graduation, what the new federal student loan borrowing caps under the One Big Beautiful Bill Act mean for graduate students' funding plans, how deferring an existing $17,000 in student debt could play out over time, and what to weigh before earning money on the side while in school. Subscribe to our podcast’s free email newsletter for bonus content and more from our hosts at https://smartmoney-nerdwallet.beehiiv.com/ [https://smartmoney-nerdwallet.beehiiv.com/]  Sign up for MoneyNerd, NerdWallet's free weekly newsletter, for tips on watching the 2026 World Cup for free: https://moneynerd-nerdwallet.beehiiv.com/ [https://moneynerd-nerdwallet.beehiiv.com/]  What Is the New Repayment Assistance Plan (RAP) for Student Loans? https://www.nerdwallet.com/student-loans/learn/what-is-the-new-repayment-assistance-plan-rap-for-student-loans [https://www.nerdwallet.com/student-loans/learn/what-is-the-new-repayment-assistance-plan-rap-for-student-loans]  Direct Indexing: What It Is, How It Works https://www.nerdwallet.com/investing/learn/direct-indexing [https://www.nerdwallet.com/investing/learn/direct-indexing]  Want us to review your budget? Fill out this form — completely anonymously if you want — and we might feature your budget in a future segment! https://docs.google.com/forms/d/e/1FAIpQLScK53yAufsc4v5UpghhVfxtk2MoyooHzlSIRBnRxUPl3hKBig/viewform?usp=header [https://docs.google.com/forms/d/e/1FAIpQLScK53yAufsc4v5UpghhVfxtk2MoyooHzlSIRBnRxUPl3hKBig/viewform?usp=header] To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com [podcast@nerdwallet.com]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Feel Organized and Less Anxious About Money: The Sinking Fund System Explained

Learn how to set up a sinking fund system that puts your savings on autopilot and helps you reach your goals. What if the key to hitting your financial goals isn't just saving more, but saving smarter? Hosts Sean Pyles, CFP®, and Elizabeth Ayoola dig into the sinking fund system, a strategy of separate, named savings accounts each tied to a specific purpose. They explore the psychology behind why earmarking money for a specific goal feels different from keeping one lump sum, how to choose between high-yield savings accounts, money market accounts, and CDs, and the common pitfalls that can stall your progress before the system even gets off the ground. Best High-Yield Savings Accounts of June 2026: Up to 4.03% https://www.nerdwallet.com/banking/best/high-yield-online-savings-accounts [https://www.nerdwallet.com/banking/best/high-yield-online-savings-accounts]  Subscribe to our podcast’s free email newsletter for bonus content and more from our hosts at https://smartmoney-nerdwallet.beehiiv.com/ [https://smartmoney-nerdwallet.beehiiv.com/]  Want us to review your budget? Fill out this form — completely anonymously if you want — and we might feature your budget in a future segment! https://docs.google.com/forms/d/e/1FAIpQLScK53yAufsc4v5UpghhVfxtk2MoyooHzlSIRBnRxUPl3hKBig/viewform?usp=header [https://docs.google.com/forms/d/e/1FAIpQLScK53yAufsc4v5UpghhVfxtk2MoyooHzlSIRBnRxUPl3hKBig/viewform?usp=header] To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com [podcast@nerdwallet.com]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

The Affordable Home You Overlooked and the Investment Tax Trap You Need to Prepare For

Learn whether manufactured homes could be your path to homeownership and how to get ahead of a tax bill from your investments. Could a decades-old federal rule be standing between you and an affordable home? Hosts Sean Pyles, CFP®, and Elizabeth Ayoola are joined by senior news editor Rick VanderKnyff, along with mortgage writers Abby Badach Doyle and Kate Wood, to explore whether manufactured homes could offer a real path to homeownership for buyers priced out of the traditional market. They dig into how modern manufactured homes have changed, why the 21st Century ROAD to Housing Act is drawing renewed attention to an obscure chassis rule from 1976, and what you need to know about financing, appreciation, and whether these homes are finally having their rebrand moment. Then, investing and taxes editor Bella Avila helps answer a listener's question about how to handle a growing tax bill from investment income. They discuss how taxable accounts can trigger unexpected tax bills, how to decide between adjusting your W-4 and making estimated tax payments, and why strategies like stashing money in a HYSA or CD might not work out the way you'd hope. During this episode, data cited about manufactured home relocation rates was attributed to the Pew Research Center. The correct attribution is The Pew Charitable Trusts.  Locked Out: 3 Outdated Myths About Manufactured Homes https://www.nerdwallet.com/mortgages/news/locked-out-manufactured-homes-affordable-housing-crisis [https://www.nerdwallet.com/mortgages/news/locked-out-manufactured-homes-affordable-housing-crisis]  Subscribe to MoneyNerd, our podcast’s weekly email newsletter, at https://moneynerd-nerdwallet.beehiiv.com/ [https://moneynerd-nerdwallet.beehiiv.com/]  Want us to review your budget? Fill out this form — completely anonymously if you want — and we might feature your budget in a future segment! https://docs.google.com/forms/d/e/1FAIpQLScK53yAufsc4v5UpghhVfxtk2MoyooHzlSIRBnRxUPl3hKBig/viewform?usp=header [https://docs.google.com/forms/d/e/1FAIpQLScK53yAufsc4v5UpghhVfxtk2MoyooHzlSIRBnRxUPl3hKBig/viewform?usp=header] To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com [podcast@nerdwallet.com]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Robinhood Gold Card: Is 3% Cash Back Worth the Waitlist and Membership Fee?

Learn whether Robinhood Gold Card's 3% cash back and investing perks are worth the waitlist and membership cost. Is the Robinhood Gold Card the rare credit card that could put your rewards directly to work in a brokerage account? Sean Pyles, CFP®, and Elizabeth Ayoola are joined by NerdWallet credit card writer Melissa Lambarena to examine what makes this card stand apart: an uncapped 3% flat-rate cash back on all purchases, 5% back through Robinhood's travel portal, and the ability to redeem rewards as a deposit into a Robinhood brokerage account. They dig into who the card could work for (and who it definitely isn't right for), how the required Robinhood Gold membership factors into the value equation, what the card's high APR could mean for your rewards if you carry a balance, and how the ongoing waitlist came to exist and how long it could last.  They also walk through how to weigh this card against alternatives like the Chase Freedom Flex, Capital One Savor, Wells Fargo Active Cash, and Chase Sapphire Preferred, to help you figure out which card might deliver the most value for your spending habits and financial goals. Card benefits, terms and fees can change. For the most up-to-date information about cards mentioned in this episode, read our reviews:  * 5 Things to Know About the Robinhood Gold Card [https://www.nerdwallet.com/credit-cards/learn/robinhood-credit-card]  * Atmos Rewards Ascent Review: Well Worth $95 a Year [https://www.nerdwallet.com/credit-cards/reviews/alaska-airlines-credit-card] * Chase Sapphire Preferred Review: Strong Option for Travel Rewards [https://www.nerdwallet.com/credit-cards/reviews/chase-sapphire-preferred] * American Express Platinum Review: Top-Notch Lounge Access, Big Credits [https://www.nerdwallet.com/credit-cards/reviews/american-express-platinum]  * Chase Freedom Flex: Multiple Bonus Rewards in One Card [https://www.nerdwallet.com/credit-cards/reviews/chase-freedom-flex]  * Capital One Savor Review: Foodie-Focused Rewards, for No Annual Fee [https://www.nerdwallet.com/credit-cards/reviews/capital-one-savor] * Wells Fargo Active Cash Card Review: 2% Cash Back With a Bonus [https://www.nerdwallet.com/credit-cards/reviews/wells-fargo-active-cash] * Fidelity Rewards Visa Review: 2% Back for Your Nest Egg [https://www.nerdwallet.com/credit-cards/reviews/fidelity-rewards] * Citi AAdvantage Executive Review: Your Key to the Club [https://www.nerdwallet.com/reviews/credit-cards/citi-aadvantage-executive] * 5 Things to Know About BMW Credit Cards [https://www.nerdwallet.com/article/credit-cards/bmw-card] * 5 Things to Know About the T.J. Maxx Credit Card [https://www.nerdwallet.com/credit-cards/learn/tjx-rewards-platinum-mastercard] Subscribe to Smart Money, our podcast’s weekly email newsletter, at https://smartmoney-nerdwallet.beehiiv.com/ [https://smartmoney-nerdwallet.beehiiv.com/] And you can find other NerdWallet newsletters at https://www.nerdwallet.com/finance/news/newsletter-signup [https://www.nerdwallet.com/finance/news/newsletter-signup] Want us to review your budget? Fill out this form — completely anonymously if you want — and we might feature your budget in a future segment! https://docs.google.com/forms/d/e/1FAIpQLScK53yAufsc4v5UpghhVfxtk2MoyooHzlSIRBnRxUPl3hKBig/viewform?usp=header [https://docs.google.com/forms/d/e/1FAIpQLScK53yAufsc4v5UpghhVfxtk2MoyooHzlSIRBnRxUPl3hKBig/viewform?usp=header] To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com [podcast@nerdwallet.com]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

How to Put $200K to Work and The Truth About Generational Spending

Learn what generational spending data reveals and what to do when fear is keeping $200K in savings from growing. What do the stereotypes about each generation's finances actually get wrong? Sean Pyles, CFP®, and Elizabeth Ayoola kick off the episode with senior news writer Anna Helhoski and NerdWallet data writer Kurt Woock, who breaks down a new study analyzing federal Consumer Expenditure Survey data spanning decades of American spending. They explore why housing costs follow a U-shaped curve that could hit hardest in retirement — not just in young adulthood — why the real expense of owning a car isn't the car payment, and how healthcare spending could triple as a share of your income in your later years, just as earnings begin to decline. When is having $200,000 in savings actually working against you? Sean and Elizabeth welcome Kat from Virginia, who has maxed out her 401(k), opened 529 accounts for her kids, and accumulated $200,000 in cash — but is too anxious to touch any of that cash. Joined by Ryan Sterling, CEO of NerdWallet Wealth Partners, they dig into how financial anxiety develops, how to determine the right size for your emergency fund, and what steps could help you move from hoarding cash to building real long-term wealth. NerdWallet Wealth Partners, LLC is an affiliate of NerdWallet Inc. NerdWallet Wealth Partners is a fiduciary online financial advisor, offering low-cost, comprehensive financial advice and investment management. Learn more at nerdwalletwealthpartners.com/smart [https://nerdwalletwealthpartners.com/find-your-advisor?utm_medium=podcast&utm_source=nerdwallet&utm_campaign=nwwp_mktg_internal_052726_smartmoneyepisode]  Data: Massive Survey Shows How Generations Spend Money https://www.nerdwallet.com/finance/studies/generational-spending-CES [https://www.nerdwallet.com/finance/studies/generational-spending-CES]  Want us to review your budget? Fill out this form — completely anonymously if you want — and we might feature your budget in a future segment! https://docs.google.com/forms/d/e/1FAIpQLScK53yAufsc4v5UpghhVfxtk2MoyooHzlSIRBnRxUPl3hKBig/viewform?usp=header [https://docs.google.com/forms/d/e/1FAIpQLScK53yAufsc4v5UpghhVfxtk2MoyooHzlSIRBnRxUPl3hKBig/viewform?usp=header] To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com [podcast@nerdwallet.com]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]