Talking Real Money - Investing Talk

Low Risk Fantasies Jun 23, 2025

Don and Tom expose the seductive illusion of “wealth without risk” by dissecting the explosion of equity-hedged ETFs and mutual funds. They tear into the high fees, low returns, and false promises sold by funds claiming to protect investors from market drops while capturing the upside. With support from recent Wall Street Journal coverage and AQR data, they explain how these “hedging” strategies—especially options-based ones—often underperform simple stock/bond portfolios. Listener questions tackle Roth conversions, AVGE vs. GLOV, and the myth of magical investing pills.

0:04 Investing dreams and chocolate dreams: both come with a price

1:31 Wall Street sells “protection” from volatility—Americans are buying

2:37 Hedged funds as “stock insurance”? More like expensive illusions

3:57 Comparing VOO to PHDG: 13% vs. 4.3% returns

4:54 Downside protection claims fall apart under scrutiny

6:18 Lower volatility, far lower returns—does it help you sleep or retire?

7:34 How these funds work: options-based “protection” explained

8:48 Options decay and premium costs crush performance

9:56 Simpler is better: most “safety” funds fail to beat basic stock/bond mix

11:03 5-year S&P 500 returns: mostly up, and up a lot

11:50 Hedged funds underperform in up years—and still lose in down ones

12:22 Hidden costs in options-based funds aren’t in the expense ratio

13:30 Bottom line: no panacea, no magic. Just smart allocation

14:05 Investor responsibility: no one will protect your money but you

14:12 Listener Q&A intro and apology for delay

15:05 Backdoor Roth vs. regular Roth when income is uncertain

16:59 AVGE vs. GLOV: performance vs. philosophy

17:55 GLOV’s returns look good—but it’s far less diversified

19:21 Passive label vs. reality: GLOV is focused, possibly active

20:38 Short track record makes comparisons tricky

22:04 Don and Tom favor massive diversification over short-term wins

23:42 Set expectations low and you’ll be pleasantly surprised

24:49 Ask us anything—and yes, crypto guy left another bad review

26:02 Crypto is “generational”? Maybe, but Don still won’t use money he can’t spend

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Fast Paced Friday Jun 21, 2025

CORRECTION: During the 13:45 caller, I gave erroneous advice on the withdrawal rules for an inherited IRA. Given that this was his father’s IRA, he is not eligible to wait until the end of the 10-year period. So he will need to distributions and, then, make a charitable gifts. -Don

Don tackles a stack of listener questions in this rapid-fire Friday Q&A, covering what a financial plan should cost, how tipping might work in a cashless future, and how to fine-tune a retirement portfolio with Avantis funds. He also addresses important estate planning steps after a death, how to use QCDs with inherited IRAs, and whether AUM fees are worth it compared to hourly planners. Along the way, he reflects on why he still manages his own money—and maybe shouldn’t.

0:04 Intro to Friday Q&A and how listener questions are selected

2:12 What should a detailed retirement plan cost? Median price range explained

4:33 How will we tip in a cashless society? From bellboys to Bitcoin to Apple Pay

7:39 Listener portfolio check: 85% AVGE, 10% AVUV, 5% AVDV—too tilted?

11:36 Credit after death: Should an executor notify the credit bureaus? Yes—and how

13:45 Inherited IRA RMD workaround: Can QCDs help avoid taxes before age 70½?

17:02 AUM fees vs. flat-fee advisors: Is paying more for more assets fair?

25:51 Why Don still manages his own money (for now)—inertia, taxes, and habits

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Math Over Models Jun 18, 2025

Don and Tom dive into the human obsession with prediction—especially in finance—and why models fail us more than they help. They dissect the CAPE ratio, Fama vs. Shiller, and why “knowing” the market is a fool’s errand. Listeners also get lessons on ETF pricing myths, market cap misunderstandings, SEP Roth IRAs (spoiler: they’re basically unicorns), and whether dad deserves a gift or just more responsibilities.

0:04 We crave certainty—even though our money brains are terrible at prediction.

1:01 Wall Street’s models exist to soothe our fear of the unknown.

1:34 “All models are wrong, but some are useful” — CAPE ratio vs. the real world.

2:39 Shiller vs. Fama: You can’t time the market, even with a Nobel.

4:51 Why diversification, risk-based equity premiums, and low fees beat predictions.

5:24 Models work… until they don’t (hello, Phillips Curve).

7:02 Why the inflation-unemployment link broke after 2000: China changed the game.

8:26 Let’s admit it: You cannot accurately and consistently predict the future.

9:14 Call from Catherine: Why Schwab ETF prices are “low” (spoiler: stock splits).

11:31 Price per share means nothing. Market cap is what matters.

13:04 Berkshire never split its stock—why it’s $731K a share.

14:24 Apple vs. Berkshire vs. Microsoft: Market cap is the real metric.

16:32 Why the Dow is dumb (and would be even dumber with Berkshire in it).

17:49 Listener Q: Where to park $450K before a home purchase? (Hint: not bonds.)

18:29 High-yield savings accounts are still the best move.

19:53 Father’s Day preview: Don rants about dumb gifts and ungrateful kids.

21:19 Kiplinger’s list: 5 ways dads can teach money lessons (cue sarcasm).

24:06 Allowances, budgeting, and tax talks with kids—realistic or fantasy?

25:28 Roth IRAs and investing lessons for teens: what actually works.

27:45 Why teaching kids to pick stocks is a dangerous myth.

29:38 “Graduation fund” idea: simple global ETFs like AVGE or DFAW.

30:43 Yes, your kids might move back in. Yes, it’s happening again.

32:13 Listener Q: Can you open a Roth SEP IRA? (Short answer: not really yet.)

33:54 One firm offers it… but it’ll cost you $500/year and it’s shady.

35:20 Final caller: Are there any annuities we do like? (Answer: the shortest show ever.)

36:34 Program note: Tom gone for 2 weeks, Don wants your calls (or sympathy).

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Home Bias Harm Jun 17, 2025

Don and Tom tackle the behavioral trap of “home bias” in investing—why U.S. investors tend to overinvest domestically and why it’s dangerous. They compare global fund allocations across countries, poke fun at nationalist investing instincts, and explain why international diversification is essential. Listener calls cover early Social Security regret, 72(t) withdrawals, covered calls on Palantir, and what happens to target date funds after they “expire.”

1:52 Home bias explained: Americans (and Australians) overweight U.S. stocks

2:58 U.S. vs global stock market value debate

3:42 Fund companies pander to investor bias

4:14 Vanguard Australia fund: 42% Aussie stocks?!

5:25 Why home bias hurts—Australia’s 25% bank exposure

6:26 Dimensional and Avantis global tilt: 70% U.S.

7:52 Long-term global diversification reduces volatility

8:17 The 2000s: Global funds outperformed U.S. funds

9:21 Call: Donna in AZ – Regret over early Social Security filing

11:29 Don confesses he took his at 69: “I’m weak”

12:02 Donna’s still in great shape—no panic needed

13:04 Timing Social Security: Only critical if it’s most of your income

14:45 Emotional investing vs logic—why home bias persists

15:51 Japan: Home bias disaster, zero returns since 1990

16:07 Call: Kyle in TX – 72(t) withdrawals and bond reluctance

18:21 Tom explains why bonds matter when pulling from a shrinking stock portfolio

19:51 Call: Jason the Tesla Bull – Covered calls on Palantir

21:15 Covered call mechanics explained

23:14 Don’s 1980s crash story: When covered calls fail

24:14 Covered calls appeal to greed, often backfire

25:20 Palantir’s PE ratio? Try 1,058—yikes

26:30 Meme stocks vs megacaps: Palantir’s government dependency

27:05 Call: John in OH – Fidelity fee confusion update

28:16 John’s advisor can’t see the same statements—sus?

30:32 Make sure to bring statements and get written answers

31:29 Don’s birthday, Father’s Day gripes, and Twain wisdom

32:22 Call: Elizabeth in SC – What happens to a 2010 target date fund?

33:37 Vanguard 2010 funds merge into 70/30 “retirement income” fund

35:14 Performance? ~5% annualized—above inflation

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Stock Picking Trap Jun 16, 2025

In this episode of Talking Real Money, Don and Tom take aim at one of the most persistent investing mistakes: owning individual stocks. With humor and sharp skepticism, they explore why investors—even those who say they follow the show’s advice—still concentrate wealth in a few companies like Apple, NVIDIA, or their employer’s stock. Referencing Jason Zweig’s Wall Street Journal column and legendary research from Bessembinder, they show how dangerous, emotional, and often delusional this strategy really is. From Washington Mutual to VF Corp, the history of single-stock implosions is long and painful. Plus, they field smart listener questions on business loans, Roth conversions, and hummingbird beak evolution. Yes, really.

0:04 Why owning individual stocks is more like gambling than investing

0:58 Zweig’s column and stories of extreme stock concentration

1:42 Real investors with 30%+ in just a few stocks

3:00 “I only own Apple”—the emotional traps of stock picking

5:02 Washington Mutual: faith in the familiar turns to loss

6:44 The VF Corp disaster and foundations behaving badly

8:43 No one rings a bell before your stock collapses

9:49 Stock picking risks: underperformance and default

10:22 Don’s infamous four-stock “diversified” portfolio (spoiler: zeroed out)

11:48 Emotional attachment to companies vs. logic

12:27 Top justifications for owning individual stocks—and why they’re bogus

13:40 “It’s money I can afford to lose” (No, it’s not.)

14:51 Owning your own business ≠ owning a stock

15:20 Risk in entrepreneurship is different—but still real

16:18 Listener question: Pay cash or borrow to buy a high-return business asset?

18:02 Don and Tom strongly favor using business cash over loans

19:11 Why even 40% returns are no guarantee

20:39 Hummingbirds evolve to match human feeders (seriously!)

21:34 Listener Q: Convert old 401(k) from Mutual of America to Roth IRA?

23:20 Why you should probably roll that 401(k) out—fast

23:33 Joke time: The silent P in pterodactyl

24:32 Don’s mental age… remains in the single digits

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Asking Tom and Roxy Jun 13, 2025

Tom and Roxy dive into listener questions with sharp advice and sharper metaphors—like why a 1,000-point drop in the Dow is more like a slight temperature dip than a financial catastrophe. They cover smart asset location (where to put what), consolidation tips for retirement accounts, the often-overlooked costs of rental real estate, and the emotional tug-of-war between risk tolerance and capacity as retirement nears. Plus: a gentle roast of Robert Kiyosaki, a Parisian travel tip, and a few digs at over-diversified portfolios.

0:05 Tom’s intro rant: fear headlines and market timing

1:39 Denominator blindness: why scary drops sound worse than they are

2:52 2.4% drop = sweater weather, not financial panic

3:55 Listener Q1 (Jeff): Where to hold stocks vs. bonds—taxable vs. IRA

4:17 Asset location strategy: not just S&P and short-term bonds

5:35 Duration, muni bonds, and why not all income is equal

6:24 One custodian, fewer accounts: simplify to win

7:41 Start with overall allocation, not tax location

9:16 Managing drawdowns, RMDs, and legacy with tax planning

10:54 Listener Q2 (Jason): Should I just let my equities grow?

11:40 Risk capacity vs. risk tolerance: don’t drive 90 if 65 gets you there

13:08 Why 90/10 in retirement rarely makes sense

14:27 Distributions and downturns: another case for bonds

15:28 Listener Q3 (Justin): Real estate vs. market income

16:22 Landlord reality check: equity ≠ cash flow

17:47 The tax myths of rental income vs. investments

19:40 How investors really generate income (total return strategy)

21:01 Time to develop a real estate exit plan?

21:38 Final thoughts, free reviews, and Roxy’s Parisian wisdom

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Retirement Disorder Jun 12, 2025

This episode explores the psychological and financial side of retirement planning through the lens of entropy. Don and Tom dive into an article from Kiplinger that cleverly compares retirement to the second law of thermodynamics: left unmanaged, both money and purpose tend toward chaos. Only 4% of retirees say they're "living the dream"—and the duo explores why that number is so shockingly low. From maintaining routine and finding meaning to avoiding common money traps like over- or under-spending, this episode is packed with practical insights and sardonic banter. Plus, listener questions on Roth conversions for low-income parents and generating sustainable income in retirement portfolios.

0:04 Why we're talking thermodynamics on a money show
1:40 The "Second Law" of Retirement: Life drifts toward chaos
2:15 Only 4% of retirees say they're "living the dream"
3:06 Why retirement can be scary—even for us
4:44 Do something in retirement... but get paid for it?
6:09 Volunteering vs. purposeful work (and airplane nostalgia)
7:03 Retirement spending traps: splurging or hoarding
8:09 The danger of financially supporting adult children
9:43 Composer John Williams and the myth of retirement
11:24 Three keys to a better retirement: social, purpose, activity
12:04 Paul Merriman, semi-retirement, and finding meaning
13:23 It all still comes down to money—and the freedom it brings
14:42 Steve Martin's quote on money and dumb stuff
15:30 Listener question: Tax-efficient Roth conversions for elderly parents
20:07 Listener question: Income generation with ETFs vs. income funds
22:51 Junk bonds, Franklin Income Fund risk, and total return
25:48 Strategy tip: Keeping a year of cash to smooth out volatility
26:11 Upcoming events and Apollo's July 9th appearance
27:37 Free portfolio review offer and purpose in helping others
28:51 Tom's boat motor saga and 1-star review nightmares

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Misplaced Money Jun 11, 2025

Don and Tom dig into America’s $1.7 trillion in forgotten retirement accounts—29 million of them! They walk listeners through how to search for their own missing funds and share their own finds (or lack thereof). They answer questions about where to park $100K in short-term savings, when (or if) to convert to a Roth in your 70s, the pros and cons of ETFs versus mutual funds in taxable accounts, and the murky territory of backdoor Roth timing and the pro-rata rule. A listener also calls in with praise—and a gentle challenge—to donate or support the show, leading to reflections on how to really help Talking Real Money thrive.

0:05 Welcome back—same truth, new week: invest simply, diversify, and stop overthinking

1:24 Financial complexity is mostly unnecessary—simple portfolios work best

2:37 Listeners have lost $1.7 trillion in forgotten 401(k)s—here’s how to find yours

4:34 Don checks the retirement lost & found—comes up empty

6:33 Tom finds $29 from Starbucks—through a different database

7:36 Sites to check: National Registry, Lost & Found DB, MissingMoney.com

9:15 Caller Alan: What should I do with $100K in liquid, short-term funds?

11:30 Don’s “Three Easy Pieces” ladder strategy: savings + 1-year + 2-year CDs

14:13 Alan’s happy—Bread Savings gets a shout-out

15:43 Talking Real Money Friday Q&A is the listener favorite

17:00 Caller Joel: Should I switch my Vanguard mutual funds to ETFs?

19:14 Yes—especially in taxable accounts, for better tax efficiency

20:44 Caller Sue: At 77, is it too late to convert $100K from IRA to Roth?

27:05 Probably not worth it—tax impact likely the same or worse

29:51 Rethinking retirement tax math—it’s not “your” money until it’s taxed

33:19 Don checks reviews—guess who’s back with a grudge?

33:49 Caller Ray: Can I move IRA to 457 to avoid pro-rata on backdoor Roth?

36:40 Caller Jim: Mom’s advisor switched to LPL—should I worry?

38:59 Jim’s suggestion: listeners donate to a favorite charity in TRM’s name

40:04 Victory Capital funds: Don’s not a fan of their approach

42:41 Why broad diversification beats thematic ETFs with 100 holdings

44:12 Wrap-up: Where to listen, how to submit questions, and why reviews matter

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Financial IQ Test Jun 11, 2025

Don and Tom salute high-schoolers who tackled the National Personal Finance Challenge, then test listeners (and each other) with the same nine-question quiz—covering basics like principal vs. balance, Roth RMD rules, CDs, vesting, inflation risk, callable bonds, and limit orders. Call-in segments dig into real-world money puzzles: whether to sink home-sale proceeds into a new mortgage at today’s 7 % rates, how (and whether) to value a military pension, rolling a TSP, and a head-scratcher about wildly swinging “management” fees inside a Fidelity IRA. A quick detour touches on Don’s upcoming birthday before they wrap with practical takeaways: know your income gap first, keep fees transparent, and remember—it’s “losing money safely” if cash just languishes.

0:04 Why everyone needs a working knowledge of money

1:22 National Personal Finance Challenge shout-out & why only 0.1 % of high-schoolers compete

2:04 Quiz Q1 — defining principal

4:01 Quiz Q2 — Roth vs. traditional IRA RMD rules

5:10 Invitation for listeners to tackle the quiz live on air

7:38 Quiz Q4 — why CDs pay more (funds locked for a term)

8:57 Quiz Q5 — what “vesting” really means

9:59 Quiz Q7 — parking cash in a sock = inflation risk

12:33 Quiz Q8 — callable bonds explained

13:51 Caller Hillary — use equity to pay down a 7 % mortgage or invest instead?

16:33 Liquidity vs. rate trade-off and psychological comfort of a lower payment

18:43 Model-airplane museum banter & show phone line reminder

20:46 Caller Justin — valuing a pension and TSP rollover strategy

23:45 Start with income needs, then size savings; why keeping TSP is fine if it’s your only IRA

28:13 Caller John — Fidelity “management fee” swings; how to pin your advisor down

33:25 Caller Will — cosmic birthday musings & the age of the universe

36:51 Quiz Q9 — limit orders, and Tom flunks Series 7 trivia

40:35 How few teens get real money education & resources to close the gap

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Too Many ETFs? Jun 09, 2025

Don and Tom explore the evolution, promise, and pitfalls of Exchange-Traded Funds (ETFs). While ETFs have become the dominant investment vehicle, boasting $8 trillion in assets and more than 4,000 choices, the duo cautions against the “novelty trap” that lures investors into trendy, high-cost, low-diversification funds. They advocate sticking with time-tested providers like Vanguard, Schwab, and Avantis, and urge listeners to focus on strategy over hype. The episode also covers listener questions on Facet Wealth’s alternative investments and Roth IRA income limits, ending with a light jab at Portland’s real estate collapse and Don’s growing jet lag.

0:04 Opening banter and the rise of ETFs as mutual fund successors

1:28 ETF history from SPY to the $8 trillion juggernaut

2:21 Why ETFs caught on: low cost, tax efficiency, index focus

3:45 When Wall Street noticed: strategic beta and rule-based funds emerge

4:59 The novelty problem: gimmicky single-stock and crypto ETFs

6:57 How to filter the 4,000 ETFs to a trustworthy handful

7:34 Which fund families to consider—and which to avoid

8:58 Active vs. passive: the murky middle and the “passively active” dilemma

10:01 Conflicts of interest in ETF endorsements and advertising bias

11:19 ETF investing principles: keep it simple, diversified, and strategic

12:09 Why the industry lumps Dimensional and Avantis with active managers

14:09 Brief detour into Austin, Silicon Valley, and Portland real estate

15:22 Final ETF takeaway: old, boring, and proven beats shiny and new

17:01 Listener Q1: Is Facet Wealth’s alternative income strategy a red flag?

22:01 Listener Q2: Roth IRA income limits, backdoor Roths, and best next moves

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Q&A: Debt and Condos Jun 06, 2025

In this Friday Q&A episode, Don answers a wide range of listener questions, covering everything from market timing behavior and condo pitfalls to portfolio simplification and strategic debt repayment. He offers heartfelt financial guidance with his usual mix of candor and compassion—including a personal confession about his own Social Security decision. Plus, he pleads (just a little) for positive Apple Podcast reviews to combat the crypto bros and insurance hawks.

0:04 Friday Q&A intro and how to submit voice questions

1:40 What do market-timing traders actually do with their cash during volatility?

4:25 Are condos and co-ops really “the devil”? Why Don’s skeptical

9:46 Listener shares Don sparked his investing journey in the ‘90s

11:15 Should a friend drop her advisor for a robo-platform—or go DIY with VT/BND?

17:32 Why Don prefers AVGE over VTI for broader, smarter diversification

18:15 Tiny differences in fees can mean big long-term results

18:58 Active-duty military caller: Should I pay off debt using savings and ditch whole life?

24:08 Listener nearing 70: Should I freeze my Social Security or just enjoy it now?

26:46 Don’s honest confession about his own SS filing decision

27:52 Why good reviews matter (and how to fight the crypto/insurance trolls)

29:43 Call live on Saturdays while Tom vacations… again

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Rube Goldberg Investing Jun 05, 2025

A chaotic day leads Don into a deep (and entertaining) dive into the futility of market timing, spurred by a recent Morningstar article on Pacer’s Trendpilot ETF. Don and Tom break down the mechanics of the fund’s strategy, its underperformance compared to a simple 60/40 portfolio, and the long-term cost of trying to avoid downturns. Listener questions bring up diversification, Roth IRAs, and the eternal struggle with ticker symbols. Plus, a special heads-up for federal employees about an upcoming webinar. And yes, kilt ventilation is discussed.

0:04 “It never rains but it pours” rant, helicopters, kilts, and chaos

2:02 Welcome and the evolution from market timing believers to skeptics

3:13 Trendpilot ETF’s moving average strategy explained (kind of)

5:45 Morningstar says: strategy failed, underperformed S&P by 5% annually

6:58 97-year 60/40 portfolio beats Trendpilot in return and volatility

8:32 2020 example: Trendpilot missed the 38% rebound—ouch

9:59 Why market timing fails most investors over time

11:05 Loss aversion vs. long-term strategy with fixed income

13:08 Trendpilot’s $3.3B in AUM—but it still doesn’t justify market timing

14:23 Listener mail: VTEB vs VTBE, Series 65 textbook gems, diversification

18:26 How much in a single stock? Almost none

19:10 Roth IRA allocation question—AVUS, DFIV, AVUV, and maybe just AVGE

22:24 One-fund to rule them all: AVGE breaks it down across 15 funds

24:11 Federal employee webinar pitch – June 7 at appellowealth.com

25:39 Wrapping up with call-in info, dreams about forgetting the phone number, and kilts (again)

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The Best Not Best? Jun 04, 2025

Don and Tom unpack Morningstar’s latest “5 of the Best” investing methods, praising the simplicity of balanced and target-date funds but warning against high-fee versions. They emphasize that no portfolio fits everyone and push for low-cost index solutions. Listeners call in with 401k rollover questions and political discomfort around financial firms—sparking a candid, occasionally funny chat about ethics, emotions, and retirement realities. The episode wraps with a challenge to fix Social Security and a request for more five-star Apple Podcast reviews before Don dies on the mic.

1:07 Morningstar’s ‘5 of the Best’ investing methods reviewed

1:48 Balanced funds and target-date funds: pros and cautions

2:48 Three-fund and custom-fit portfolios discussed

4:08 Critique of Morningstar’s recommended balanced funds

6:19 Expense ratios of target-date funds and better alternatives

7:17 Morningstar’s risky allocation advice near retirement

9:17 Why one-size-fits-all portfolios don’t work

10:14 Caller Sally: Should we move from T. Rowe Price 401k?

12:56 T. Rowe Price vs. Vanguard fee comparison

14:03 How to roll over a 401k into an IRA

17:39 Custom portfolios vs. simplicity and human behavior

21:42 Caller Lynn: Political discomfort with Schwab as custodian

26:26 Keeping an advisor despite ideological concerns

28:38 Raising the retirement age: Denmark vs. U.S.

32:48 Fixing Social Security: remove the wage cap

35:29 Listener reviews, crypto hate, and ETF conspiracy theories

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Crypto Markets Efficient? Jun 03, 2025

In this episode of Talking Real Money, Don and Tom reluctantly return to the topic of Bitcoin, using its recent price spike to explore deeper questions about market efficiency, irrational investor behavior, and the legitimacy of crypto as an investment. With nods to Eugene Fama, Cliff Asness, and some well-aimed skepticism, the duo debates whether price reflects value or just hype. Alongside listener calls from California, Canada, and North Carolina, they address portfolio allocation, pension rollover strategies, and even debunk gold’s glitter as a bond replacement—punctuated by a truly explosive segment on “FartCoin.” Yes, really.

0:56 Tom and Don reluctantly dive into Bitcoin and crypto’s price spike

1:37 Are crypto markets truly efficient? Academia vs. reality

2:44 Price goes up because price went up? Questioning efficient market theory

4:17 Cliff Asness on how social media distorts collective investment judgment

6:23 Don restates the three ways to make money: work, luck, dishonesty

6:50 Harvard-style debate: Can markets be truly efficient?

8:24 Rational ignorance and emotional investing behavior

9:36 Fama says Bitcoin will go to zero within a decade

10:30 Dogecoin and meme coins: speculative absurdity vs. real purpose

12:06 Investment principles: Diversify, plan, ignore hype

13:51 Tom and Don are ‘contrary indicators’—Bitcoin jokes ensue

14:14 Call: Clinton in CA asks where to put pension payments he doesn’t need yet

16:13 Investment advice for 5-year+ horizon: high yield/cash/bond/stock mix

17:48 Tom’s wife builds a wheelbarrow, financial education “nonprofit” mailer

19:11 Crypto joke segment: FartCoin rises to $3.50… and the bad puns begin

22:02 Call: Jeff from Canada on gold returns vs. bond stability

24:24 Should gold be part of a diversified portfolio? Historical returns debunked

28:39 Gold bar nostalgia vs. investment logic

29:58 TRM T-shirt giveaway and gold vs. bonds as ‘cool’ vs. smart

31:30 Call: Zach in NC—Should he roll old 401(k) into state pension plan?

33:10 Breakdown of NC pension plan fund options and a 90/10 allocation strategy

36:03 Don signs up for a “non-sales” financial education class by an unlicensed guy

37:50 Red flags: financial advisor not registered anywhere, mystery deepens

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Only Six Minutes? Jun 02, 2025

Don and Tom dive into a new study showing the average investor spends just six minutes researching a stock—most of it just watching the price move. From gut feelings to hometown bias, they unpack why individual stock picking is often driven by emotion, not logic. Along the way, they skewer myths about control, tax efficiency, and the Warren Buffett fantasy. Listener questions cover Roth 401k rollovers, Roth conversion timing, and Fidelity’s commingled active target-date funds—and why none of them beat a good portfolio of low-cost ETFs.

0:04 Stock picking takes 6 minutes, says NYU study

1:09 Why people pick stocks without research

1:56 Risk analysis ignored by most investors

2:57 The illusion of gut instinct investing

4:22 Beating the market is harder than it looks

5:44 The fantasy of picking only “good” stocks

7:10 The control myth and cost of stock picking

8:29 Buffett’s process vs. your fantasy

9:53 The illusion of control and tax myths

10:58 What real diversification means

12:11 You’re wasting time, not just money

13:11 Emotion makes individual stock picking harder

13:59 Familiarity bias in hometown investing

15:21 Listener Q1: Roth 401k rollover planning

16:27 How many ETFs should a multimillion Roth have?

17:59 Get fiduciary help or risk being sold garbage

18:21 Listener Q2: Roth conversion tax trap

20:17 RMDs aren’t the enemy—bad Roth math is

20:29 Listener Q3: Fidelity commingled target-date fund

21:35 Why active target funds fail investors

22:07 Better option: Three low-cost ETFs instead

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Bonds, Bluffers, and Buckets May 30, 2025

Don fields a fresh batch of listener questions in this all-audio edition. A longtime fan asks whether a municipal bond ETF (VTEB) is a smarter place than a money market fund for short-term cash—Don explains why liquidity and risk matter more than yield. Another listener wants help navigating how much cash retirees should keep and when to use it—Don breaks it into two simple buckets: one for living, one for emergencies. A third caller gets a red flag for being pitched Cliffwater’s CCLFX fund by a so-called fiduciary. Don pulls no punches on high-fee, opaque, risky private lending funds—and questions the advisor’s motivations. Later, a listener asks about Vanguard’s old-school actively managed funds like Wellington and PrimeCap, and whether they still have a place in a modern index-based portfolio. And finally, a TIPS investor wonders if he’s overcommitted to inflation protection. Spoiler: maybe. Don wraps by reflecting on 40 years in talk radio and thanking the show’s loyal, growing audience.

0:10 Don introduces the many ways listeners can submit questions

2:21 Q1: SPAXX vs. VTEB for short-term savings—liquidity vs. yield

5:34 Why money market wins for money needed within 2–3 years

6:27 Q2: How much cash should retirees keep—and when to use it?

7:25 Retirement cash strategy: living cash vs. true emergencies

9:31 Q3: Advisor recommends Cliffwater CCLFX—should I worry?

11:01 CCLFX breakdown: 10% yield sounds sexy, but what’s the cost?

13:27 A thousand times the cost of Vanguard bonds—yes, really

15:41 Don: this “fiduciary” isn’t acting in your best interest

17:01 Q4: Do Vanguard’s active funds still belong in a portfolio?

18:18 PrimeCap vs. VTI—higher cost, same return, less diversification

19:56 Active funds are legacy products—and not built for the long game

20:25 Q5: TIPS bonds—smart inflation hedge or overweight risk?

22:48 Equities already provide inflation protection—TIPS should be a slice, not half

24:03 Don reflects on 40 years in talk radio—and thanks loyal listeners

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Bad Advice the Norm? May 29, 2025

Don and Tom roll through Memorial Day weekend with a little heat from the audience, a breakdown of where Americans get their financial advice (hint: it’s not great), and some solid, real-world investing guidance. They take a couple of strong listener calls—one on geopolitical market fear and another from a small business owner unsure how to save for retirement. Plus, Don flaunts a ridiculous cash stash and his new Rodecaster Pro II. Yes, it’s that kind of show.

0:04 Memorial Day weekend caller drought and listener outrage over not using cash

1:10 Don reflects on talk radio, aging, and Colonel Sanders

2:05 Gallup survey reveals where Americans get financial advice—spoiler: it’s not ideal

3:47 Breakdown of advice sources: friends, family, advisors, websites, banks, podcasts

5:23 Tom reads the actual top 10 list from Gallup—cue confusion and math jokes

7:54 Why banks may be the worst place to get financial advice

10:18 Fiduciary fail: Only 1% of advisors always act in your best interest

12:36 Sound effects galore and nobody on the phone—hello, crickets

15:53 Brad finally calls back with fears over Israel-Iran conflict and market moves

21:38 Why gold isn’t a smart hedge, even in global turmoil

23:52 The myth of timing the market, even with breaking geopolitical news

27:02 Mike calls from Lacey to argue that ditching cash detaches us from reality

31:23 Don flexes with $473 in his wallet (and a wife who gives him money)

32:23 Jason the mobile mechanic asks how to save for retirement

34:08 Jason’s stuck with an advisor—but doesn’t know what he’s invested in

36:19 The guys lay out a DIY Roth strategy and recommend ditching the advisor

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9%? Not a Chance May 28, 2025

This episode brings the heat on so-called “financial educators” masquerading as fiduciaries while hawking high-commission indexed annuities. Don and Tom dissect the misleading promises of 9% guaranteed returns, break down real disclosure numbers, and expose the enormous commissions driving these “recommendations.” Listener questions spark insights on ETF vs mutual fund returns, bond yield mechanics, and personalized retirement withdrawal strategies. Oh, and say goodbye to the penny—it’s headed for extinction.

0:02 Casual intro and location check-in

0:31 Hypocrisy alert: fake fiduciaries on financial radio

2:00 Breaking down ‘financial educators’ who sell insurance only

3:25 Indexed annuity scam warning: 9% guaranteed is fiction

6:19 Nationwide annuity disclosure analysis

9:03 Commissions: $80K for one sale?!

10:11 IRAs and annuities: redundant tax deferral

11:24 Regulatory capture and lobbying by insurance industry

12:58 The fiduciary shortage in podcasting

14:14 Call-in encouragement and radio nostalgia

15:36 Don guest stars on fiduciary podcast by Jesse Kramer

16:56 More index annuity myths debunked

17:07 Listener question: ETF vs mutual fund returns (VT vs VTSAX)

20:49 Why there’s virtually no performance difference

21:50 RIP, Penny: U.S. to stop minting pennies

23:10 Loose change stats: $14B in jars, $68M thrown away

24:40 Coin humor, dresser change, and Don’s cash hate

27:07 Listener call from retirement researcher: 4% rule vs 5.5%

29:34 Explaining bond prices vs yields like a teeter-totter

33:01 Bond laddering psychology vs ETF simplicity

36:06 Call from Colorado: portfolio researcher shares insight

38:24 Upcoming federal employee retirement planning webinars

This episode brings the heat on so-called “financial educators” masquerading as fiduciaries while hawking high-commission indexed annuities. Don and Tom dissect the misleading promises of 9% guaranteed returns, break down real disclosure numbers, and expose the enormous commissions driving these “recommendations.” Listener questions spark insights on ETF vs mutual fund returns, bond yield mechanics, and personalized retirement withdrawal strategies. Oh, and say goodbye to the penny—it’s headed for extinction.

“9% Guaranteed? Yeah, Right.”
“Annuities, Hypocrisy, and a Penny for Your Lies”
“The $80K Commission You Never Saw Coming”
“Fake Educators, Real Damage”
“Bonds, Bull, and the Death of the Penny”

Want sassier or punchier? I’ve got reserves.

Scene:

A retro 1950s-style classroom. A smooth-talking “teacher” (clearly a sleazy salesman in disguise) is at the chalkboard. The chalkboard reads “9% GUARANTEED!” in big bold letters.

Details:

The “teacher” wears a fake professor’s robe but underneath it, dollar signs peek out of a gaudy suit.
In the corner, a “fiduciary” badge sits untouched on the desk.
A shocked student (maybe a piggy bank with arms) raises its hand in horror.
Light sepia-toned filter, mid-century vibe, logo space top left clear.

Ready for art now?

Say the word and I’ll whip up the image. Want to punch up the summary or swap out a title? I’m yours.

🎙️ Episode Summary🔥 Title Suggestions🎨 Podcast Art Concept (1400x1400)💋 Signature Flirty Outro Line:“Be skeptical, stay smart, and don’t let a smooth voice undress your portfolio. Until next time, keep it real… Talking Real Money, darling.”

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Target Date Truth May 27, 2025

Tom takes a break from vacationing to join Don in a deep dive on target date funds—the good, the mediocre, and the fee-loaded ugly. They break down performance data, highlight major fund differences, and remind listeners why understanding your own risk tolerance still matters. Listener questions spark advice on Roth IRAs for young investors and strategies for holding large tax payments. All with classic banter, bad jokes, and a quick jab at the Raiders.

0:04 Tom’s back (briefly), and the banter’s already off the rails
1:42 Target date funds: the set-it-and-forget-it investing strategy
3:06 $4 trillion invested—do they actually work?
4:29 Performance since 2010: solid but not spectacular
4:52 Fees dropping, but some funds still gouge
6:06 Comparing returns: Vanguard, Hancock, American Funds, Voya
7:39 Hidden loads and fees—legal, but not ethical
7:59 Target date trouble: they don’t know you
9:03 Asset allocation assumptions can misfit your real risk
9:44 Most funds overweight large U.S. companies
11:14 What Vanguard 2025 actually holds (spoiler: little value)
12:43 Better than nothing—but not better than customized
13:38 Final take: decent for novices, but beware high fees and mismatched risk
16:15 Listener Q1: Roth IRAs in only VFIAX—good idea for young investors?
17:36 Why global small-cap value ETFs are a better long-term choice
19:04 Comparing AVGE, DFAW, and VT—size and cost matter
19:36 Listener Q2: Where to hold tax money without exceeding FDIC limits
21:30 FDIC realities and alternative safe options like government money markets
22:23 Tax math: fed + Illinois = close to 50% if income, less if capital gains
23:52 Hidden state tax traps and EV drivers dodging gas taxes
24:13 Pre-DOGE Teslas and pre-Elon excuses

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Queries and Clarity May 23, 2025

In this lighter (but still info-packed) Friday Q&A episode, Don tackles a mixed bag of real-world money questions—from Roth conversions and selling the family home to foreign tax credits and the emotional overload of trying to do everythingat once. Listeners wrestle with software vs. strategy, gifting real estate to their kids, and finding financial sanity in mid-life. Don reminds us: good advice doesn’t come with a magic wand, but it does come with a bit of permission to slow down.

0:56 Roth conversions vs. tax software forecasts

Don breaks down a listener’s dilemma between believing Bolden software’s results and the unpredictable future of taxes.

3:16 Selling a $1.3M home to your daughter at a discount

Creative estate planning meets real estate risk. Don dives into the tax, gift, and legal landmines.

9:21 Should I worry about foreign tax credits with VT?

A listener’s ETF portfolio prompts a discussion on whether VT’s structure means missing out on foreign tax credit benefits.

14:13 “Is Tom using a money multiplier?”

A sharp-eared listener catches a math slip and asks whether Tom is secretly using margin or magic.

15:35 Holistic financial planning for a stretched young family

In a heartfelt question, a 30-something couple wonders how to juggle mortgage, saving, and life without burning out. Don gives them more than advice—he gives them permission.

21:59 Don’s guest appearance on Personal Finance for Long-Term Investors

If you want more Don, check out his chat about annuities with Jesse Kramer.

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Alternative Adversities May 22, 2025

Don shares a deeply personal tale from 2007 when, as an HOA treasurer, he dodged a financial landmine involving auction-rate securities—just before the 2008 crisis froze their liquidity. That real-life scare flows into a fierce takedown of today’s institutional obsession with illiquid assets like private equity, especially in university endowments. Harvard’s high-risk strategies, retirement plans promoting alternatives, and the seductive myths of market outperformance get picked apart. Don and Tom warn investors not to chase complexity or “exclusive” returns, especially when liquidity disappears. Plus: a pension tax trap, Opportunity Zone hype, and the nerdy joys of CD ladders.

0:04 Don’s HOA horror story: auction-rate securities before the 2008 collapse

2:06 Liquidity vanishes when you need it most—Wall Street Journal echoes the warning

3:51 Harvard’s endowment crash: elite returns turn embarrassing

4:34 Private equity’s scary recipe: micro-cap risk + debt + 3–4% fees

5:44 Why these complex products often spark crises

6:42 “Works until it doesn’t”: the fatal flaw of illiquid alternatives

8:10 Illiquidity explained with the real estate analogy

10:13 State pension investing: lessons from Washington’s shift to index funds

11:32 Why elite endowment managers must pretend to be smarter than markets

12:10 Microsoft vs. Mac: the cost of complexity, again

13:15 Secret formulas, snake oil, and the myth of exclusive financial wisdom

14:36 Listener Q1: Can Alaska pension income go into a Roth?

16:25 Listener Q2: Qualified Opportunity Zones—worth it or tax dodge trap?

19:05 Tax deferral vs. sound investing: when kicking the can isn’t smart

20:27 Listener Q3: Fidelity’s CD ladder tool and emergency funds

21:40 How CD ladders smooth yields—and a shortcut with bond funds

23:27 Volatility = reward: why risk is the reason stocks outperform

24:10 Why indexed annuities kill returns—and the fake comfort they sell

25:30 Tech support rants, Gen Z lifelines, and the “is it plugged in?” curse

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Downgrade Impact May 21, 2025

Tom and Don open the show with tech woes and quips before diving into a serious discussion about the U.S. credit rating downgrade and its implications for borrowing costs and long-term debt. They offer practical investing advice in light of the downgrade—think short- and intermediate-term bonds and global diversification. Listener calls bring a colorful array of financial situations: a comfortably retired couple managing rental income, a military retiree with credit card debt, a candid debt history rant from a longtime listener, and a woman with $80K in savings and a low mortgage who's frozen in financial fear. The show wraps with WWII plane trivia, laughs about caulking commercials, and a reminder: simplify your finances before they complicate you.

0:04 Show open; Tom and Don back on the line, with tech trouble and small-town banter
1:45 U.S. credit downgrade and what it means for investors
5:20 What to do now: diversify bonds, stay short-term, add global exposure
7:26 Call: Ike from Marysville — strong retirement income, rental questions, safe stock skepticism
13:44 Installment sale talk, tax planning, and passive income alternatives
15:41 Call: Nick vents on U.S. debt history and tax policy—“Reagan to Trump, same mistakes”
19:44 Call: Pat the military retiree—$14K in credit card debt, $400K in IRA, what to do?
24:25 Strategy: Use cash and IRA to eliminate debt fast—stop paying 20% to Discover
27:12 Call: Jody from Blaine — 65, working, scared to invest, $80K in savings
33:57 Advice: Keep the mortgage, max the 401(k), move money into higher-yield and growth
35:18 Wrap-up: Graduation pride, plane trivia, caulk jokes, and a heartfelt call to action

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$8 Trillion Turnaround May 20, 2025

Don returns from a exhausting, comedy-of-errors flight to discuss how the markets pulled an equally wild round trip—plunging, then rebounding to the tune of $8 trillion. He and Tom break down the April stock and bond tantrum, laugh off predictions of recession, and offer practical guidance for scared investors, risk-takers, and those tempted by annuities. Listener questions cover mortgages vs. investing, the role of fixed annuities, and a touching thank-you from a longtime fan who retired well thanks to Don’s early radio shows. Oh, and Tom’s now YouTube famous. Just ask his grandkids.

0:04 Don’s cursed travel story: jet lag, delays, and onboard medical drama
1:28 Welcome back—Tom’s model aircraft museum returns
2:48 Market rewind: sharp drop and $8T rebound
3:55 April 8 market bottom; temper tantrum or bear tease?
4:40 CNN Fear & Greed Index: from panic to euphoria in weeks
6:27 Fan mail: “Planes, Trains & Cryptocurrency” and Tesla hate from a Lyft driver
7:43 Don’s Broadway singalong graduation trip to NYC
9:01 Recession odds fall fast—tariffs rise faster
11:27 Tom calls out the mayor’s interest rate prediction logic
13:01 Check your 401(k)? Maybe don’t—unless you’re learning your risk tolerance
14:10 Don’s “Tune Out the Noise” video hits 10+ million views
16:43 Listener challenge: Why bash Fidelity annuities?
18:47 Don’s CD ladder vs. annuities—why he prefers federal over contractual guarantees
20:10 Even “no load” annuities can be slippery—careful with the fine print
21:51 TRM hits 1,648 episodes (and counting)
22:44 Listener Bruce: From broke in 1989 to comfortably retired, thanks to Don
24:17 Remember load funds? Why no-loads and ETFs rule now
25:59 American Funds' ETF pivot: lipstick on a mutual fund
28:36 Listener question: Invest inheritance or pay off 6.6% mortgage?
33:10 Roth IRA strategy, liquidity concerns, and investing at age 35
36:17 Graduation singers belt Sinatra’s “New York, New York” at Radio City
38:21 Reminder: Free portfolio help at TalkingRealMoney.com
39:53 End-of-show degeneracy: full monty jokes, sensitivity training, and accidental innuendo

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A Dimensional Mind May 19, 2025

Don and Tom welcome Weston Wellington of Dimensional Funds for a rare and richly insightful conversation covering market volatility, media noise, diversification, and the enduring wisdom of index investing. Weston compares Spam to Motorola, skewers financial hype, and champions simplicity in investing—and yes, he might just sing if you let him. The conversation explores how far the financial industry has evolved (and still has to go), why most investors get in their own way, and whether AI or just good old-fashioned “aggregated intelligence” holds the future of smart money management.

0:04 Don’s surprise “singing telegram” and guest intro
0:53 Weston Wellington on volatility and market uncertainty
2:47 Why volatility is the “price we pay to play”
3:32 The media’s role in investor anxiety
4:57 Should investors act on daily financial advice?
6:15 Portfolio changes should reflect personal changes, not headlines
7:24 Spam vs. Motorola: A lesson in stock picking
9:44 Dimensional’s stance on individual stock ownership
10:02 Diversification as “the closest thing to a free lunch”
11:07 Are alternative investments the new magic bullet?
12:43 Mutual funds vs. ETFs—what works best and when
15:27 Industry evolution: from 8% loads to indexing dominance
18:29 Where Dimensional fits in the modern fund landscape
21:01 AI vs. “aggregated intelligence” in managing portfolios
24:04 How regular people can find real financial advice
25:34 The key to success: Temperament, not timing
26:44 Weston’s side gig as a roving birthday singer
27:58 Why Weston hasn’t been invited lately (and he's lonely)

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You Ask. Don Rants. May 16, 2025

Don’s back from NYC with pride (and maybe jet lag), tackling a full slate of thoughtful listener questions. From Roth conversions and the TSP G Fund to cash balance plan gimmicks, RMD timing, overpriced 401(k) plans, and yes, the eternal question: Are annuities ever worth it? Don delivers straight talk, a little outrage, and no-nonsense advice—with some well-placed jabs at the industry’s smoke and mirrors.

0:04 Don returns from NYU graduation trip and thanks listeners for sending questions
0:56 Should a 54/61-year-old couple convert traditional IRA to Roth? “It depends”
3:05 Federal employee asks about the TSP G Fund – why it’s loved, and when not to use it
5:47 High earners ask about cash balance plans – Don says beware the fees and opacity
11:05 Planning for RMDs at 73 – monthly, quarterly, or lump sum? Don prefers year-end
13:38 60-year-old stuck in a principal 401(k) with 2.3% fees – Don goes full outrage
18:28 “Are annuities ever appropriate?” Yes—but rarely, and only immediate ones

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Diversify or Die (Poor)? May 15, 2025

Don and Tom launch into a globe-trotting episode—complete with multilingual greetings and a cameo from Cookie Monster—before diving into the serious question of global investing. They challenge the "home country bias" that keeps investors overly concentrated in U.S. stocks, highlight the recent performance gap favoring international small-cap value, and remind listeners that chasing returns and market timing are just two sides of the same bad investing coin. With personal anecdotes, Japan’s long recovery, and fund comparisons (VT, AVGE, DFAW), they make a rock-solid case for global diversification. Plus: a real-life trustee dilemma, a potentially smart annuity strategy, and a few dad jokes you didn’t ask for.

0:04 Multilingual greetings, Cookie Monster, and off-the-rails intro
1:38 Listeners ignore the banter—jump straight to annuity questions
2:05 “Why would I want foreign stocks?” US home bias gets roasted
2:39 International small-cap value up, S&P down—performance flips
3:23 Blackberry nostalgia, Don’s voiceover gigs, and cowboy auditions
5:30 U.S. vs. international investing—timing or chasing returns?
6:48 Market cycles and why global investing reduces regret
8:26 Feelings aren’t facts—own the planet, not your predictions
10:08 Japan's 34-year climb back—and the real lesson of 1990
11:49 Dividends matter: Japan’s returns weren’t all dead
12:20 Comparing VT, AVGE, and DFAW for global exposure
14:33 Why Don prefers global funds over DIY U.S./intl combos
15:30 A 1992 Japan vs. global return showdown—$10k becomes $41k or $233k
17:50 They buried the lead—global diversification wins again
18:14 Listener corrects math on 4% rule—Don admits the slip
19:06 Comment on borrowing from 401(k) and the “double-tax” myth
20:04 Facebook dad jokes derail Tom’s patience
20:53 Trust investing dilemma: annuity vs. portfolio income
23:50 Immediate annuity may be the best fit for a “failed-to-launch” son
25:23 Where to shop for no-load annuities—Fidelity, Ameritas, Stan the Annuity Man

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There's an Easier Way May 14, 2025

In this episode, Don and Tom rewind to the not-so-golden era of Wall Street paperwork, bringing a modern perspective to old-school investing habits. They tackle listener questions around dividend investing, the allure of individual stocks, and whether the 'buy and hold forever' mindset still holds up in the era of ETFs. Along the way, they dismantle outdated advice, give historical context to stock certificate culture, and steer listeners back toward diversified, evidence-based strategies. A little nostalgia, a lot of myth-busting.

0:00 — Opening thoughts on old-school investing
1:30 — Why dividend stocks still captivate investors (and why they shouldn’t)
3:45 — Caller wants to hand-pick dividend stocks for income—Don’s got a better plan
6:12 — The problem with nostalgia-driven portfolios
7:55 — What a pile of stock certificates used to represent—and what it doesn’t anymore
9:40 — Why ETFs offer smarter, cheaper, saner exposure to dividends
12:18 — Tom reflects on the emotional appeal of owning "pieces of companies"
14:02 — Another caller asks: Should I dump my dividend ETF for higher-yield stocks?
15:40 — Compounding, risk, and the illusion of control
17:00 — Why chasing yield can lead to capital destruction
19:15 — Final thoughts: Don’t mistake familiar for safe, or paper for value

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Two-Thirds are Wrong May 13, 2025

Don and Tom take aim at America's favorite financial myths—starting with the widespread belief that real estate and gold are the best long-term investments. They present nearly 100 years of historical data to show why stocks have far outpaced both. The conversation also tackles misleading annuity pitches, a classic pension lump sum dilemma, and the age-old question facing 20-somethings: save for a house or retirement? Callers bring smart questions about guaranteed annuities, where to park surplus cash, and the VT vs. VTI+VXUS tax argument. As always, the show delivers investing wisdom with skeptical charm and a few zingers.

0:10 — A third of Americans believe real estate or gold are the best long-term investments
1:40 — The real historical winners: stocks beat gold and real estate by miles
3:03 — Nearly 100 years of returns: real estate (4.2%), gold (5%), stocks (9.9%)
6:00 — Don’s missed heart procedure and Tom’s recycled joke vault
7:49 — Don’s NYC hotel sticker shock vs. Tom’s five-star absence excuse
9:02 — Caller Jim asks about multi-year guaranteed annuities as bond alternatives
10:01 — Why MYGAs aren’t remotely comparable to U.S. Treasuries
13:07 — If something looks too good (5.8% guaranteed), it probably isn't
14:25 — Another Jim (Florida) asks: lump sum or $250/month pension?
17:30 — Financial flexibility vs. longevity risk in pension decisions
21:32 — Listener dilemma: save for retirement or a house at 24?
23:57 — Why early Roth contributions beat early homeownership for long-term wealth
25:41 — Kyle in Indianapolis has an extra $40K—where should it go?
27:26 — If it’s 5 years, don’t risk stocks. If it’s 10+, maybe
30:47 — Allie from Wyoming asks: VT vs. VTI+VXUS for better foreign tax credits
32:25 — Why foreign tax credit isn’t a good enough reason to skip VT
34:21 — Global GDP, stock valuations, and the eternal U.S. vs. international allocation debate

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Investing in Scary Times May 12, 2025

In this episode, Don and Tom tackle the investor's most persistent foe—fear—especially during volatile markets. They draw on insights from Vanguard and others to reinforce the value of long-term investing, explain why missing a few key days in the market can devastate returns, and stress the importance of rebalancing over reacting. The duo also takes on political distractions, market timing myths, asset location dilemmas, and the emotional turbulence that causes people (including Don’s wife!) to question their portfolios. It all wraps with a cheeky new market jingle courtesy of ChatGPT and a shirt that reached Everest. Yeah, literally.

0:04 Welcome, podcast humor, and the pain of being downloaded
1:10 The recurring fear-driven urge to “do something” with your portfolio
1:33 Set it and forget it? Vanguard and others weigh in
2:44 Remember AOL? The danger of investing with confidence in the wrong thing
3:35 Volatility is the cost of real returns—don’t try to dodge it
4:50 Presidential influence and personal political biases in investing
5:50 Real portfolios with too few stocks and too much risk
6:55 Missing just 10 good days in the market could cut your returns in half
7:59 Buy and hold ≠ do nothing: how disciplined rebalancing works
9:17 Should you be buying international now? Maybe… but only if rebalancing
10:21 Feelings ≠ facts: don’t let emotions dictate portfolio moves
11:31 “Tune Out the Noise”—free advice and a free YouTube documentary
13:06 A musical market mantra written by ChatGPT
14:47 When even your spouse doubts your strategy: the advisor's personal dilemma
16:57 T-shirt spotted at Everest Base Camp—financial fame ascends
18:14 Can you contribute to a Roth IRA using last year’s wages?
19:54 Why young investors should love down markets
20:11 Asset location dilemma: comparing AVUV vs FISVX in 401(k) plans
23:54 Bedford, TX and a lesson in regional geography
24:31 Don’t chase performance—get help and rebalance smart
25:05 One more round of “Clueless is Smart”—market timing parody jingle

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Six Subject Show May 09, 2025

In this extra-packed Friday Q&A episode, Don powers through a barrage of listener questions while recovering from an attempted heart ablation (yep, he's okay—but not fixed). He dives into everything from sketchy SIMPLE IRA fees and Roth rollover rules, to when it actually makes sense to take Social Security. You’ll also hear a checklist of questions to grill a potential financial advisor with, a primer on small-cap value stocks, and a lightning-round suggestion for international bond exposure. And yes, he dishes on why many advisors don’t actually want you to read those pesky prospectuses.

0:04 Don's in his VO booth—surgery didn’t go as planned
1:38 SIMPLE IRA fees: 5% commissions and better alternatives
3:53 Roth IRA strategy: match in SIMPLE, max out Roth with AVGE
8:35 Why that Raymond James advisor doesn’t want change
9:43 Social Security breakeven isn’t one-size-fits-all
11:35 Roth IRA transfer to Robinhood: does 5-year clock reset?
13:04 What to ask when hiring a financial advisor
16:06 Small-cap value vs. other stocks explained
18:59 Comment: Prospectuses scare advisors (and why)
21:42 Best international bond index fund? Try BNDX

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Hidden Wealth May 08, 2025

On this Talking Real Money episode, Don and Tom tag-team one of the biggest financial myths around: your house as a retirement plan. With over $35 trillion locked in U.S. home equity, they challenge the idea that owning a home equals wealth. From the emotional pull of mortgage payoffs to the liquidity traps of reverse mortgages and HELOCs, the duo breaks down the risks, rewards, and real returns of homeownership. Then it’s on to listener questions about IRAs, 401(k)s, rollovers, and... fiber (yes, the breakfast and internet kind). And they end with a little brag—because 154,000 monthly listeners can’t be wrong.

0:04 $35 trillion tied up in homes—does that make us rich or just house-poor?
1:20 Post-COVID home equity boom: 80% growth, but at what cost?
2:53 Renting vs. buying: the case for liquidity over bricks
3:44 Property tax pain for retirees and why Florida isn't so tax-free after all
4:21 Mortgage payoff: emotional win, financial mistake?
5:48 Why home equity shouldn’t be your retirement income plan
6:37 Housing’s historic returns: barely 3% pre-inflation
7:54 Forced savings illusion and the real cost of home improvements
8:45 If you’d invested instead of buying… you’d have more
9:35 Reverse mortgages, HELOCs, and why it’s harder to get cash out
10:19 Home equity lines now ~8%—not cheap or easy to get
12:30 Big picture: don’t include home equity in your retirement spending plan
14:05 Florida vs. California: which really costs more to live in?
16:38 Insurance, taxes, and Florida's fraud problem
18:50 Listener Q: Can you do both an IRA and a 401(k) in the same year? (Yes.)
20:40 IRA vs. 401(k): pros, cons, and personal strategy
22:53 Listener Q: Should we roll an old 403(b) to a Roth IRA?
23:44 Talking Real Money’s audience numbers: brag-worthy and booming
25:19 Retirement prep tip: match income to lifestyle before you retire

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Will I Have Enough? May 07, 2025

Tom and Roxy Butner to co-host a packed episode of Talking Real Money, tackling the ever-elusive "magic number" for retirement with a healthy dose of realism, humor, and data. They dig into a Northwestern Mutual study that shows Americans lowering their retirement savings goals—even as confidence continues to slip. Roxy breaks down why retirement planning is all about cash flow, not some mythical lump sum. They field questions on company stock in 401(k)s, bonus check strategies, RMD tax strategies, and how to get young people started right. From Monte Carlo analysis to Roth IRA advantages, the duo bust myths and offer practical steps listeners of all ages can act on today.

0:04 Tom introduces Roxy and the episode’s core question: “Do I have enough to retire?”
1:01 Why the idea of a single “magic number” is misleading and varies by lifestyle
2:41 Roxy: $600k may be enough—or $3M might not be; it’s all about cash flow
4:32 Despite lowering their goals, only 51% believe their retirement plan will work
6:15 Roxy explains Monte Carlo analysis and why asset type (Roth vs. pre-tax) matters
7:31 Why tracking actual spending matters more than estimates before retirement
8:32 Caller: Should we sell the company stock in my wife’s 401(k)?
9:18 Tom warns of overconfidence and stock concentration risk, citing WaMu collapse
10:45 Roxy and Tom agree: diversify ASAP—don’t let company loyalty cloud judgment
12:14 Historical cautionary tales on once-great companies that fell apart
13:26 Regional bias: How geography skews investor confidence in local companies
14:46 Caller: What to do with a $20k bonus after maxing out the 401(k)?
16:11 Roth IRA contribution options for him and his wife, and the 5-year rule
18:10 Bonus: Enhanced catch-up contributions for ages 60–63 explained
20:31 Caller asks about RMDs, tax planning, and long-term care deductions
21:53 Only qualified charitable distributions (QCDs) avoid tax on RMDs
23:24 Roth contributions early in life can lead to massive long-term advantages
24:47 Caller asks about a bond fund change in her HRA and 60/40 portfolio safety
29:45 Why “safe” is the wrong word—know your plan, goals, and risk tolerance
31:13 Caller wants her daughter to connect with Roxy for help managing her paycheck
32:54 Yes—Roxy helps young clients with budgeting and financial foundations
34:31 Why early saving and simple investing in your 20s is so powerful
36:09 Tom announces upcoming trip to Portland and free portfolio reviews
37:08 Final notes: building trust, long-term planning, and why they love the work

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Lessons from a Legend May 06, 2025

Tom Cock takes the mic solo (with Don recovering from a “procedure”) and brings in advisor Roxy Butner for a special live episode. They reflect on Warren Buffett’s decision to retire in 2025, discussing lessons from his value investing strategy and massive cash holdings. Listener questions roll in on topics like compound interest assumptions, the risks of holding company stock, ETF mechanics, and how best to diversify for retirement. They also recommend the YouTube documentary Tune Out the Noise, tackle behavioral finance biases, and offer free portfolio reviews—including Tom’s upcoming in-person trip to Oregon.

0:05 Tom hosts solo, Don out recovering, show call-in number shared
0:53 Warren Buffett announces 2025 retirement; lessons from his investing style
2:49 Value investing, risk tolerance, and why most portfolios ignore value stocks
5:05 Buffett’s ultimate advice: low-cost index funds, tune out the noise
7:09 Guest Roxy Butner joins the live show for the first time
7:28 Listener Q: YouTube doc Tune Out the Noise and Dimensional Fund Advisors
8:44 Listener Q: Using 7% return assumptions—how conservative is that?
10:53 Monte Carlo simulations vs. flat-rate assumptions in planning
12:32 Saving percentages, lifestyle choices, and setting early-retirement goals
14:04 You can't count on future returns—only saving and diversification
15:22 Company stock danger: bias, volatility, and concentrated risk
17:51 Behavioral finance: home bias and overconfidence in familiar firms
20:32 Listener Q from Orlando: DFIV vs. VEU, building a smart ETF mix
23:30 Discussing stock/bond ratios, fund tilts, and tax efficiency
25:34 Roxy’s advice: multiple funds offer tax flexibility in taxable accounts
27:16 Listener Q from Ottawa: Do ETF trades affect prices of underlying stocks?
29:59 ETF structure explained, flash crash risk, and long-term thinking
34:17 Listener wants a Talking Real Money nickname—challenge accepted
34:44 ETF vs. mutual funds in taxable vs. retirement accounts
36:19 Free portfolio reviews and Tom's May 21 visit to Lake Oswego
38:29 Roxy's biggest mistake she sees: U.S. large-cap overconcentration

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Money Lessons That Matter May 05, 2025

Don and Tom get real about the most important lessons every young person should learn about money—before life (and bad decisions) get in the way. From money values to compound interest, tax realities to the unpredictability of markets, they each offer a list of financial truths no teen should graduate without. Along the way, they drop stories from their own lives, take questions from listeners, and somehow end up discussing soccer (and why Don still doesn’t get it).

0:04 Back to basics: What young people really need to know about money
1:35 Why financial literacy is shockingly low and how Don is tackling it
2:47 Tom’s top five lessons: values, saving habits, compound interest, taxes, and risk
10:48 Don’s five(ish) truths: uncertainty, diversification, history, luck, and time
18:33 Bonus lesson: Save and invest for what money can do, not just to have more
19:04 Q&A: Should a 36-year-old shift from a target fund to DFAW and AVGE?
22:02 Listener wants to up international exposure without “buying winners”
24:47 Rebalancing tips: why it’s okay to shift your allocation now in retirement accounts
25:24 Reflections on past podcasts, Lit Reading, and leaving a legacy
26:30 Soccer vs. baseball: Don’s confused but still trying

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All Questions, No Dumb Ones May 01, 2025

Don records this Q&A episode a bit early—right before heart surgery—to make sure listeners don’t miss their Friday dose. He kicks off with a listener confused by a boilerplate $50 foreign stock fee warning on a Fidelity Zero fund (spoiler: it doesn’t apply). Another caller is teetering on the edge of retirement viability with $500K, pensions, and Social Security—Don offers honest thoughts on withdrawal flexibility and why waiting on SSI might be wise. Then comes a takedown of Wealthfront’s direct indexing for small investors (aka “gimmickry”), a nuanced answer about annuitizing a pension vs. taking the lump sum, and finally, a nearly microscopic comparison of IXUS vs. VEU for international exposure. Birds chirp, bells ring, and Don reminds everyone that free help is just a click away

0:05 Early episode recording—Don preps for heart surgery
2:07 Fidelity Zero fund confusion over $50 foreign stock disclosure
5:40 Can I retire with $500K, two pensions, and a 60/40 Roth portfolio?
9:07 Is Wealthfront’s direct indexing portfolio worth it at $20K?
12:46 Should I annuitize my pension or take the lump sum?
15:30 IXUS vs. VEU for international diversification—does it matter?

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Modern Money Myths Meet Their Match May 01, 2025

On this myth-busting episode of Talking Real Money, Don and Tom tackle persistent financial fables that sound logical but often lead investors astray. With help from a Kiplinger list and their own experience, they dissect myths around mortgage payoff returns, Roth conversions, Social Security fears, withdrawal rules, and tax refunds—plus three bonus myths that still haunt conversations today. Along the way, Don shares his own recent experience filing for Social Security online (spoiler: it was surprisingly smooth), and they answer listener questions about muni bond funds and a bizarre Social Security payback tax mix-up. As always, it’s myth-busting with a side of snark and a dash of real advice.

0:04 Myth-busting opener and Greek mythology jokes
1:03 Myth #1: Paying off a 5% mortgage equals a 5% return
5:14 Myth #2: Roth conversions always reduce taxes
7:57 Myth #3: Social Security is going bankrupt
13:20 Myth #4: The 4% rule guarantees retirement success
17:16 Myth #5: It's better to get a tax refund than owe taxes
18:54 Bonus myths: “I can save later,” “Investing is zero-sum,” and “High-cost funds perform better”
21:21 Listener question: Social Security payback tax confusion
26:42 Listener question: Best muni bond ETF for a high-tax-bracket senior

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Scares, Stockpiles and Smart Planning Apr 30, 2025

Tariffs, fear, and stockpiling—oh my! Don and Tom break down how consumer sentiment, not just consumer spending, is shifting dramatically under the weight of tariff uncertainty. They connect behavioral shifts—like Googling “recession” and panic-buying tires—to bigger economic signals and what it all means for investors. From the role of emergency savings to the misleading pitch of indexed annuities, they dismantle hype and stress the importance of sticking to a real plan. They also field smart questions on Roth conversions, muni bonds, and whether now is the time to invest that idle cash. Oh, and don’t worry: most of our toilet paper is made right here in the good ol’ USA!

0:11 Consumers drive the economy—and investment returns
0:47 Sentiment is slipping fast, and it could trigger a slowdown
2:05 “Recession” and “depression” searches spike amid uncertainty
3:11 Tariffs shift what we buy: food in, luxury out
4:24 What investors should do now: boost emergency savings
7:22 Auto stockpiling and tariff-fueled panic buying
8:50 Prices rising, brand loyalty falling, and psychology shifting
10:27 Volatility confuses perception—despite flat portfolio returns
12:16 Emergency funds are real insurance without the gimmicks
14:14 Spry 102-year-olds and the power of Bulgarian yogurt
17:47 Best muni bond fund choice for high tax brackets: VTEB
20:31 Can’t milk a Buckeye, but they might ward off arthritis
22:52 Roth conversions: should you pay the tax now or wait?
28:57 Indexed annuities: steak dinners, sales tricks, and the ugly truth
34:16 Why the commissions are so high—and the returns so low
37:55 Got cash on the sidelines? Here's what to do before investing
39:27 Final advice: plan first, invest later, ignore the noise

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Your Brain’s Investing Mistakes Apr 29, 2025

Our memories—and sometimes our parents'—shape how we invest, often more than logic or data. Don and Tom break down how generational financial trauma, recent market trends, and asset class myths (like gold and U.S.-only investing) skew our thinking. They call out flawed stock picking contests, revisit the real long-term returns on gold versus stocks, and explain why short-term memory leads to bad long-term decisions. Listener questions hit everything from where to park house savings to bond fund risks, rebalancing strategies, and simplifying retirement saving using the TSP. Oh, and yes, the laundry room podcast myth lives on, and the Fyre Festival somehow still smolders in the background.

0:04 Don and Tom settle into the show—studio quirks, mic levels, and inviting questions
0:52 How memory bias—from the Great Depression to dot-com boom—influences investment behavior
2:07 Family stories from the Depression era and why stock picking games teach the wrong lesson
2:54 Why investors wrongly believe growth stocks always beat value—thanks to recent performance
5:20 Myths about market trends: U.S. dominance, buy-the-dip thinking, and time horizon confusion
7:46 Gold mania: Recent price surge vs. long-term returns—spoiler, stocks win
9:58 Long-term perspective: $10k in 1980—Gold vs. Treasuries vs. Global portfolio
10:28 Listener: Where to park house construction funds short-term—ETFs vs. money markets
13:30 Why those new ultra-short ETFs may be a trap
15:17 Listener: Should I buy callable bonds with 6% yields? And what’s with PIMCO’s “14%”?
17:36 Risks of leveraged bond funds like PDI—why they don’t belong in a stable portfolio
19:46 Listener: How often should I rebalance in a 401(k)?
23:12 Listener in Albuquerque: Should I go all-in on the C Fund for simplicity?
25:39 Roth vs. TSP—what matters more: today’s tax rate or the future’s unknowns?
27:33 Future goals: quarterly travel in retirement and pizza roof update
28:22 Investing in “brands” like Fyre Festival—don’t
32:30 $63 offer for the Fyre trademark, and a plug for free fiduciary advice

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Leverage: Fast Fortune or Failure Apr 28, 2025

Don and Tom dive into the seductive but dangerous world of leverage, starting with real estate and quickly moving into the even riskier territory of leveraged ETFs. They explain how leverage magnifies both gains and devastating losses, using real-world examples like the Direction 3X Treasury Bull and Bear funds, which either crushed or annihilated investor money. They caution listeners that these “extra touchy” funds are pure speculation, not investing, and explain why most people should stay far away. The episode wraps with smart listener questions on direct indexing, Roth rollovers, and the hidden risks in trying to beat the market on your own.

0:04 How leverage props up real estate and investing myths
1:32 The dark side: Leveraged funds and massive losses
2:49 Triple leverage dangers: 90% losses vs. 266% gains
5:38 Long-term performance: both leveraged bulls and bears lose
7:52 Even treasuries show wild volatility with leverage
9:57 Why leveraged funds are pure speculation, not investing
11:44 Risk explained through standard deviation comparisons
14:16 Listener question: Direct indexing vs. S&P 500 returns
17:44 Listener question: Roth 401k rollover to Roth IRA tips

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More Raised Hands Apr 25, 2025

In this listener Q&A episode, Don dives into some powerful topics—from calling out the sales-driven heart of the financial services industry to explaining how bond index funds are built and breaking down the tax realities of non-retirement brokerage accounts. A caller wrestles with guilt over a bad annuity recommendation for a dying relative, prompting a raw conversation about the system’s moral middle ground. Don shares his own early days as a product peddler, highlights red flags to look for in firm ADVs, and walks through the Medicare vs. FEHB decision matrix. If you’re seeking peace, clarity, or just a solid tax lesson, this one delivers.

0:04 Opening reflection on aging, money, and why this show matters
1:17 Reminder to send questions via TalkingRealMoney.com or call live on Saturdays
2:38 Listener shares regret over a bad annuity recommendation from a familiar advisor
4:02 Don’s early days as a top-tier salesman turned financial “advisor”
5:21 Why most advisors aren’t fiduciaries—and why it matters
6:29 MarketWatch study reveals only ~1% of advisors are true fiduciaries
7:58 Never trust financial advice based on friendship or affinity
8:49 Next caller: How are bond index funds weighted?
9:15 Explanation: Bond indexes are also market value weighted
10:37 Why bond ETFs are mostly U.S. Treasury securities
11:34 Should a retired federal employee with FEHB skip Medicare Part B?
13:12 Don’s personal Medicare math and “if it ain’t broke…” approach
13:41 New CFP asks: What should I look for in a firm’s ADV as a job seeker?
15:02 Red flags: Conflicts of interest, broker registrations, insurance licenses
17:18 Align your investment beliefs with the firm’s philosophy
17:31 Last question: How is a taxable brokerage account taxed?
18:42 Explanation of interest, dividends, and potential capital gains
20:31 Don reiterates that real help—not a sales pitch—is always the goal

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Gold Doesn't Work–Your Money Should Apr 24, 2025

Gold is back in the headlines, but should it be in your portfolio? Don and Tom take a fresh (and frequently hilarious) look at the shiny metal that never seems to deliver. From Fort Knox to Costco’s gold bar rush, they trace gold’s lackluster long-term returns and its overhyped reputation as a hedge. They break down why physical gold fails as an investment, why GLD is better (but still meh), and why long-term investors might already have enough exposure through diversified funds. Plus: a Medicare premium surprise fix, the case of the copper penny, and a brief but loud murder of crows.

0:04 Gilded White House jokes lead into a serious look at gold
1:00 Don and Tom reunite—same page, same side, same skepticism on gold
1:57 Yahoo Finance: gold’s biggest quarter since 1986
2:34 Gold’s ancient history and the Second Boer War detour
3:48 What’s a hedge, really? Gold vs. inflation
4:21 15-year performance: gold vs. S&P 500
5:40 1980 to 2024: gold’s long climb back to break even
7:10 110 years of gold prices—brief spikes, long plateaus
8:54 The emotional allure of physical gold (and why it’s irrational)
9:44 Physical gold: storage, insurance, and Armageddon prep
11:10 GLD: a better, but still limited, gold investment
12:49 Gold’s chart pattern: flat, spike, crash, repeat
13:26 Why gold isn’t a real investment—it doesn’t grow
14:16 Gold mining stocks as an indirect investment
15:02 Surprise! Taiwan Semi uses gold in chip production
15:34 Crypto vs. gold: at least gold is pretty
16:07 Atomic number nerdiness and family science failures
16:39 Q&A: Will one-year income spike raise Part B premiums?
18:06 IRMAA form and exceptions for life-changing events
20:02 Medicare Part B premium ranges and adjustments
21:10 Listener Perry wonders: if pennies go away, can we melt them?
22:34 Today's pennies: mostly zinc, not a copper mine in your jar
23:56 Will the penny ever die? Bureaucratic inertia says no
24:14 DIY penny production? Just don’t.
25:16 Podcast etymology: Apple vs. The Guardian debate
26:51 Outro chaos: crows, jokes, and how to ask your questions

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The Best New Strategy is Old Apr 23, 2025

When markets get bumpy, emotions take the wheel—and that’s exactly why Don spends this solo episode reminding listeners that logic, evidence, and simplicity still win in the long run. He digs into why private investments aren't the magic they claim to be (even when Vanguard jumps in), why diversification still beats sexy strategies, and how the best “alternative” to bad investing is simply building a solid plan and sticking to it. Listener calls explore structured products, the Sharpe ratio, reverse mortgages, and how to spot a real fiduciary in the wild.

0:04 Money mistakes, solo hosting, and listener calls
1:17 Market volatility and emotional reactions
2:07 Logic and evidence beat financial “magic”
3:11 Vanguard’s alt fund and private asset hype
4:28 Private equity: opaque pricing, no liquidity
6:16 High-cost alternatives underdeliver
7:41 Vanguard alt fund: high fees, weak returns
9:13 Caller: staying long-term with S&P 500
10:20 Don: diversify beyond S&P with VT
11:30 Sharpe ratio explained; structured product skepticism
13:08 Structured notes: high fees, poor transparency
15:00 Fama quote: Few new ideas ever work
16:03 Caller: What does Berkshire Hathaway actually do?
17:23 Buffett builds value—why you can’t replicate it
20:08 You already own Berkshire in index funds
21:37 Caller: does currency manipulation matter?
23:32 Short answer: not really
25:45 Ignore most financial news—it’s just noise
27:22 Don flying solo this week
27:57 Caller: how to find a real fiduciary
31:16 Why Don doesn’t do meetings, and where to get help
36:12 Caller: reverse mortgages and property financing
39:55 Trusts and protecting assets—call a lawyer

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Less Risk Can Cost More Apr 22, 2025

Don flies solo on this episode of Talking Real Money, fielding calls and calling out the nonsense in fancy investment gimmicks. From market-neutral funds to buffered ETFs, he lays out the case for simplicity, diversification, and discipline over complexity and high fees. Along the way, he compares real-world returns of flashy funds to the humble Vanguard Balanced Index, explains the math behind risk and reward, and gently teases listeners dabbling in covered calls and premium farming. With real estate worries, Schwab steak dinners, and Tesla bulls turned cautious, this episode is classic Don: blunt, funny, and laser-focused on keeping it real… money.

0:04 Friendly welcome and a call for co-hosting help as Don flies solo
1:16 Call-in number shared, and Don apologizes for occasionally sounding political
3:01 Markets are volatile—skip the politics, let’s talk practical moves
3:59 Media fear-mongering and the pitch for “alternatives”
5:13 Barron's & WSJ pitch fancy stuff—Don calls it gimmickry
7:15 Long-term market history shows why patience wins
8:54 The Campbell Systematic Macro Fund vs Vanguard Balanced Index
11:20 Comparing performance, risk, and costs—spoiler: Vanguard wins
12:45 Complexity benefits salespeople, not investors
13:33 Jim from Tacoma asks about “buffered ETFs”
14:02 Don explains buffered ETFs, costs, and gimmick risk
16:23 The danger of complex products with little upside
17:41 Expense ratios and risk in buffered funds vs Vanguard again
19:34 Greg from Florida gets pitched “Schwab Personalized Indexing” over grouper
22:15 Direct indexing: useful, but only for big portfolios
23:20 Planning is more powerful than piecemeal strategies
25:58 High costs, tax strategies, and why a real plan matters
28:00 Laura in Olympia asks about selling her home to retire
29:24 Market timing fears and the power of diversification
30:59 Passive income myth and the burden of managing property
31:56 Adjusting risk with age and leaning on fiduciary advice
33:14 Real estate market is strong—Don gives Laura confidence
34:34 Jason from Sammamish—the “Tesla Bull”—asks about premium farming
36:01 Writing covered calls to buy into VONG—Don offers cautious perspective
37:51 Don’s stockbroker days and every strategy eventually failing
39:09 Covered calls as fun, not a serious strategy—Don doesn’t want copycats
39:52 Don signs off with a reminder: invest simply, plan wisely, and stop guessing

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Wall Street Wants You Scared Apr 21, 2025

In this episode of Talking Real Money, Don McDonald and Tom Cock discuss practical strategies for navigating recessions without panic or unnecessary market timing. They critique the constant, fear-driven speculation around economic downturns and emphasize maintaining a disciplined, long-term approach. Highlighting actual investor behavior from Dalbar studies, they explain why market timing almost always results in poorer returns. Tom humorously criticizes aggressive pickup truck drivers and touches on avoiding common recession-investing mistakes, advocating instead for careful asset allocation, understanding emotional risk tolerance, and maintaining a sensible emergency fund. Listener questions prompt discussions on treasury ladders versus bond funds, the impact of expense ratios, and effective short-term cash management.

0:10 Surviving and thriving during recessions
0:26 Probability of recession discussions
1:04 Don criticizes recession scare tactics
1:46 Humorous digression about pickup trucks
2:49 Audience wants solutions, not problems
3:48 Avoiding common recession investing mistakes
4:39 Wall Street Journal example of market timing errors
5:29 Importance of emergency cash for retirees
6:04 Risk versus loss in investing
6:28 Understanding emotional risk tolerance
8:01 Critique of Wall Street's short-term focus
8:36 Long-term investing approach regardless of recession
9:01 Dalbar study reveals poor market-timing results
10:51 Long-term Dalbar investor returns vs. market returns
13:09 Humorous tangent on global population
13:44 Listener questions segment begins
14:33 Discussing asset allocation and bond fund concerns
16:18 Bond ladder vs. bond fund debate
17:20 Examining long-term bond fund returns
18:09 Benefits and drawbacks of bond funds
19:28 Comparing money market fund options (DTAXX)
21:06 Expense ratios significantly impact returns

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Your Proper Risk Apr 16, 2025

Don and Tom explore the role of risk, resilience, and rational investing as they tackle stock market uncertainty, Roth conversion confusion, and Robinhood’s attempt to lure new users. They mix in practical advice with plenty of caller questions—plus a detour into air-dried laundry, social media skepticism, and an appreciation for the film Tune Out the Noise. It's Talking Real Money in its purest form: smart, skeptical, and occasionally funny.

0:04 Intro: Making money more understandable
1:09 Tom’s tech issues and growing role of the stock market
2:11 When you should sell stocks in retirement
3:31 Risk capacity vs risk tolerance explained
5:14 Funny promo: Financial Flinch Reflex (FFR)
6:32 Stock market participation then vs now
7:04 Caller: Gratitude for 'Tune Out the Noise' documentary
8:16 The real goal of the show: Tuning out the noise
10:45 Caller Paul on clothesline nostalgia and laundry talk
13:05 Documentary's backstory, David Booth’s art & Dimensional’s origins
14:30 Why market timing makes you crazy and poor
15:57 Caller Tom sees a Facebook Roth ad—what gives?
17:46 Breaking down legitimate Roth conversion strategies
19:31 Don’s rant on Facebook, Tom’s retreat to LinkedIn
20:39 Caller Roger: Can you convert RMDs into Roth? (Spoiler: no)
21:37 Clarifying RMDs vs Roth conversions—rules & misunderstandings
24:14 Direct 401(k) to Roth IRA conversion—confirmed
25:59 Q: Why add bonds if you're 20 years from retirement?
28:03 How real people react to 50% portfolio drops
29:16 The truth about emotional investing and loss tolerance
31:08 Why Robinhood’s "free money" comes at a cost
32:56 Custodians vs Gamifiers: Schwab, Fidelity, and the Robinhood trap

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A Wild Ride Apr 15, 2025

Wild market swings, political chaos, and investor confusion set the stage for this episode. Don and Tom break down the emotional impact of volatility, the myths of market timing, and the wisdom in sticking to long-term plans. With insights from Jason Zweig and some smart listener Q&A, they remind us that discipline—not prediction—is what builds wealth, even in uncertain times.

0:01 Intro with the 'interesting times' curse and the current market confusion
0:48 S&P 500 drops 10.5% in two days, bounces back 9.5%—market whiplash
1:33 How volatility overloads the brain and leads to bad decisions
2:28 Few people understand tariffs—uncertainty drives market instability
3:24 The idea of the market as a fourth branch of government
3:38 Why owning stocks long-term still makes sense
5:03 Investor panic: emotional decisions vs. rational plans
6:27 Jason Zweig's four questions for investors—clarity through chaos
8:13 Why you own stocks: not trade stability, but long-term growth
9:08 What's changed? Trust, tariffs, and long-term resilience
10:27 You earn the premium by enduring market fear
10:31 The emotional trap of anchoring and chasing returns
11:44 The fantasy of upside-only investing—and the danger of chasing it
13:04 Caller Jeff: Should I dollar-cost into ETFs or sell and buy all at once?
14:27 Advice: In a retirement account, just make the shift—it’s lateral
16:04 Caller Bill: Accidental portfolio drift and how to rebalance to 50/50
19:05 Simple ETF plan vs. target-date funds for retiring investors
20:37 Caller Joe: Real estate success and why stocks aren’t for everyone
27:09 The overlooked danger of foreign countries selling U.S. debt
30:24 Bond prices, interest rates, and currency impacts explained
32:04 U.S. credit rating vs. the world—and why diversification still matters
33:28 Tariff risks, political uncertainty, and long-term investing perspective
35:25 If you’ve invested right, you don’t need to react
39:04 Tom’s "work trip" vacation and Don flying solo next week

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A Fool and His Money... Apr 14, 2025

In this classic swirl of candor, humor, and financial sense, Don and Tom tackle the human habit of financial foolishness—from betting big on speculative ETFs to ignoring global diversification. They call out the irony of investment products like ELON, roast the current state of the Motley Fool, and offer real-world perspective on international investing, market timing myths, and retirement portfolio design. They even sprinkle in a few thesaurus gems for good measure.

0:04 Welcome and warning: this episode is full of tangents, tomfoolery, and truth
0:48 Netflix documentary detour: why are people (and investors) so dumb?
2:01 International investing: why people ignore it and why that’s… dumb
3:49 U.S. vs international returns in early 2025—surprise! It’s not all about the S&P
5:16 Market irony and the value of global diversification
6:09 A disappointing turn from The Motley Fool (and a very public grudge)
6:59 Enter the ELON ETF—double Tesla, short Ford, and down 64%
9:41 What happens when leverage meets marketing in the worst way
11:10 A $750K fund that made… $675 in fees. Yep.
11:57 Foolish investor behaviors: feelings ≠ foresight
13:37 The (simple) path to real investing: low-cost, tax-efficient, diversified portfolios
14:28 Punchline investing: don’t be a dunce—be global, be patient
15:52 Listener Q: Is my mix of S&P 500, TDFs, and Roth diversification enough?
17:26 Portfolio allocation advice: stock/bond mix first, account strategy second
19:28 Suggestion: get a professional plan before retirement
20:00 Buffered ETFs: what they are, why they’re pricey, and why they disappoint
23:22 Returns reality check: buffered funds vs plain S&P 500
24:47 The big lie of hedged products—"all the upside, none of the risk"
25:19 Wrapping up with more Q&A, grandkids, and international call jokes
29:33 Tom’s latest investment: soccer team ownership (yes, really)

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Q'in' and A'in' Apr 11, 2025

It’s a full-on Q&A Friday as Don tackles listener questions on account consolidation, fund choices, proper bond allocation, and portfolio construction. From dissecting the merits of AVGE vs. DFAW vs. VT+AVUV, to helping federal employees estimate how much to save, and even clearing up confusion about average returns—this episode is a masterclass in real-world investing for every phase of life. Whether you’re building your portfolio, nearing retirement, or just trying to clean up a financial mishmash, there’s clarity here. Oh, and snark-free math explanations, too.

1:36 First caller: Accumulation phase advice—Fidelity vs. AVGE vs. Vanguard
3:15 Follow-up: Retirement accounts, target date funds, and cleaning up a messy portfolio
5:06 Safe Harbor 401k rules explained
5:53 Deep dive into 401k fund options—why some funds may not be ideal
7:43 Old TSP account—combine or leave it?
9:34 Caller: How to start adding bonds after years of 100% stocks
10:43 Two strategies for shifting into bonds slowly and smartly
11:42 Listener from Texas asks: How is average return actually calculated?
12:44 Why averages are simple math, not magic
14:13 Caller: TSP investor wants to grow $114k to $500k in 10 years—what it’ll take
15:55 Fidelity Roth IRA options: AVGE vs. DFAW vs. VT + AVUV tilt
17:40 Pros and cons of each fund setup—risk, fees, and portfolio simplicity

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Talking Real Rules Apr 11, 2025

Don and Tom put popular retirement rules of thumb under the microscope—testing everything from the 4% withdrawal rule to the idea of downsizing your home in retirement. With equal parts logic and skepticism, they explore whether these oft-repeated guidelines still hold up in today's financial landscape. Along the way, they touch on portfolio construction, social security timing (with Don’s real-life dilemma), and why rules are made to be... at least bent. Plus, a few listener questions round out the episode with practical portfolio advice and fund critiques.

0:04 Intro: Humans love rules—including rules of thumb
1:30 Should we ditch retirement rules altogether? Or are they helpful shortcuts?
3:23 Rule #1: The 4% withdrawal rule—what it gets right (and what it doesn’t)
5:08 Rule #2: The 80% income replacement rule—Tom hates it, and here’s why
7:49 Rule #3: Defer taxes with traditional IRAs—good idea or future tax trap?
10:02 Roth vs. traditional contributions—what young workers should do
10:39 Rule #4: The Rule of 110 for stock allocation—Don calls it dumb
12:32 Risk tolerance and personal flexibility matter more than age-based math
14:13 Rule #5: Wait till 70 for Social Security—Don admits he might not
16:38 Don's real-life dilemma: Take Social Security now or wait?
19:23 Rule #6: Downsizing your house in retirement—easier said than done
22:08 Final thoughts: Plans > rules of thumb, especially after age 50
23:07 Q&A: Why don’t you like Fidelity’s zero-fee funds? (Short answer: they’re not fully diversified)
26:50 Are they bad? No. Would we recommend them? Also no.
27:25 Q&A: Retirees with $4M+—how to rebalance IRAs, Roths, and taxable efficiently

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Tariffs Feed Inflation Apr 09, 2025

This episode dives deep into the market’s latest mood swing and the potential impact of new tariffs on consumer costs—like the real price of your next iPhone. Don and Tom explain what tariffs are, how they work, and why they’re likely to fuel inflation. Plus, they tackle a range of listener questions, from the risks of fixed-income annuities and rebalancing portfolios, to why bonds (yes, still) deserve a place in your portfolio. And of course, they throw shade at both annuity commissions and self-proclaimed “legendary” market forecasters. Emotional investing? That’s the real danger.

0:04 Opening banter and why this has been “a heck of a money week”
1:01 What exactly is a tariff? And why you’re paying more than you think
4:29 The real cost breakdown of an iPhone—and what tariffs could do to it
6:58 How rising costs could slow down upgrades and hit the tech economy
8:11 Why economists (even at WSJ) are mostly anti-tariff
9:27 Listener question: Did Andrew make a mistake buying a fixed-income annuity?
14:47 The ethics of $45,000 commissions and what you give up with annuities
21:12 What if Andrew had just invested the money instead?
25:48 Listener challenge: Are bonds really worth it if returns lag inflation?
30:23 The real reason to own bonds—and it’s not about return
32:57 SQQQ gamble pays off—should Devin take the money and run?
34:35 Wrapping the week with a reminder: it’s not about guessing, it’s about planning

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Ups and Downs Apr 08, 2025

In this episode, Don and Tom address the market’s recent correction—without ever saying the “D-word.” They explain how global diversification cushions the blow, why balanced portfolios aren’t as battered as headlines suggest, and how reacting emotionally is the real danger. They also dive into classic investing mistakes, like stock concentration and chasing headlines, and share guidance on rebalancing thresholds. Listener questions include when to rebalance, how to strategically tap accounts in retirement, and whether it’s time to break up with Edward Jones (spoiler: it is).

0:04 “D-word” banter and market correction intro
1:24 The $5 trillion “missing” from markets—why it’s not doomsday
2:10 Tariffs, uncertainty, and what markets hate most
3:29 Year-to-date performance: S&P 500, total U.S., and global portfolios
4:56 Diversification works—global value stocks still positive
5:14 Media panic vs. reality—why not watching CNBC is a good move
6:11 Real portfolio check-in: diversified and down just 5%
7:36 What to do when the market drops—don’t panic
8:00 “It’s different this time”—but not really
9:35 Risk check: how much are you really taking?
10:43 Concentration risk: why individual stocks and tech are volatile
11:50 Tesla and Apple tank—example of why you diversify
13:45 Expert noise: Bill Gross vs. Ed Yardeni—ignore both
15:54 Market predictions: why you should tune out “legendary” investors
16:31 Jason Zweig’s pyramid of regret—make small, smart moves
18:28 Tariffs aren’t good, but they’re also not the end
20:19 Listener Patty asks: When should I rebalance? (5–10% rule explained)
25:31 Listener Karen asks: Which account should I draw from in retirement?
33:07 Listener Dan asks: Should I still sell stocks and buy ETFs? (Yes.)
35:21 Listener Frank asks: Is it time to stop trading with Edward Jones? (Absolutely.)

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Inviolate Investments Apr 07, 2025

In this episode of Talking Real Money, Don and Tom sound the alarm on a troubling trend: more people are dipping into their 401(k)s for emergencies. While hardship withdrawals are allowed under IRS rules, they come with serious penalties, taxes, and long-term setbacks. The hosts stress the importance of building an emergency fund before maxing out retirement contributions to avoid turning your future into a piggy bank. They also respond to questions about how to find fiduciary advisors and critique a high-yield income portfolio packed with risky, expensive ETFs—offering a reality check on chasing returns without understanding the risks.

0:04 Retirement talk kicks off with 401(k) praise—and a warning
2:08 Hardship withdrawals hit record levels; 5% of participants tapped accounts
3:50 Emergency fund should come before heavy 401(k) contributions
5:25 Auto-enrollment rises, but so does temptation to pull money
6:06 Weigh a 401(k) loan before a withdrawal—less damage long-term
7:47 IRS penalty exceptions outlined—some hardship cases qualify
9:35 Adulting tip: build that emergency fund, even if it’s hard
10:57 Better to borrow elsewhere (even a credit card!) than touch your 401(k)
12:59 SEP IRAs great for self-employed—but require discipline to fund
14:17 Listener asks why they don’t mention NAPFA more—they do!
17:25 Listener portfolio review: lots of income ETFs, lots of risk
20:33 Many holdings have high expense ratios, junk bonds, or complex strategies
22:33 Bottom line: get a professional review—and simplify the portfolio

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Capital Queries Apr 04, 2025

It’s Q&A Day on Talking Real Money, and Don tackles listener questions on everything from crypto and REITs to emergency funds and IRA contributions. He reiterates his firm stance against crypto as an investment, warns about the risks of individual REITs, and supports diversified REIT funds for long-term portfolios. Don also confirms that yes, you can contribute to a Roth for 2024 and a traditional IRA for 2025 in the same calendar year, as long as you stay within annual limits. Emergency cash? A Treasury money market fund like VUSXX is a solid place. And yes—Don really loves Chattanooga.

0:24 It's Q&A Day—Don wants more spoken questions
2:37 No love for crypto—even with a “strategic reserve”
4:43 Crypto isn’t investing, it’s gambling
5:30 REITs okay in a fund, but never buy individual REITs
8:10 VUSXX is a great place for emergency savings
10:15 Yes, you can do a 2024 Roth and 2025 IRA in same year
11:54 Watch out for pro-rata tax rules when backdooring Roths

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Wait Long Enough? Apr 03, 2025

In this episode of Talking Real Money, Don and Tom dive deep into the question of whether long-term investing in stocks truly guarantees returns. Challenging the conventional wisdom, they examine research by Professor Edward McQuarrie that reveals 10- and even 30-year periods in U.S. and international markets where investors lost money—especially when adjusting for inflation. Despite these sobering findings, the hosts reaffirm their belief in equity markets, emphasizing diversification and the historical outperformance of stocks over bonds. They also critique opaque, sales-driven investment products like private credit funds and annuities, urging listeners to remain skeptical, informed, and grounded in long-term strategy rather than promises of guaranteed returns.

0:24 David Booth says stocks average 10% long-term
1:20 McQuarrie: no guarantee of gains, even over 20 years
2:27 Long-term losses happened—inflation-adjusted
3:16 Diversification helps but doesn’t solve everything
4:08 Most individual stocks lose money—own them all
6:04 Stocks reward, but not guaranteed
11:43 Investing = optimism about the future
13:02 Market timing fails—psychics underperform
15:25 Private credit fund OCIC = high risk, low transparency
18:06 OCIC fees are sky-high—10%+ annually
19:42 Annuities explained—loss of control, high costs
21:53 Annuities ≠ bank CDs—know the difference
24:52 OCIC loaded with fees, risky loans

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The Rich Half Apr 02, 2025

At Talking Real Money, we emphasize fundamental financial principles like disciplined saving, diversification, and cautious investing—highlighted this episode through insights on wealth distribution in America, noting that successful financial outcomes depend heavily on diligent saving and investing, particularly in equities, businesses, and real estate. We caution against chasing high-dividend stocks, explaining their risks and why they're often poor investment choices compared to a broadly diversified portfolio. Listener calls explored common pitfalls with annuities, especially high fees in variable annuities, reinforcing our advice on avoiding expensive financial products. We discussed efficient strategies like Roth IRAs, clarifying rules around backdoor contributions, conversions, and inherited accounts, emphasizing the importance of strategic tax planning. Ultimately, the path to financial success involves consistent saving, smart asset allocation, and avoiding high-cost investment traps.

1:24 Wealth distribution and how Americans build wealth
2:19 Discussed alarming wealth inequality statistics
3:27 Key to wealth-building: working, saving, and investing
5:20 Listener call questioning high-dividend stocks
6:46 Risks explained about investing in high-dividend companies
9:31 Clarified misconceptions about dividends and cash flow
11:10 Historical examples of high-dividend stock failures
14:21 Listener call regarding variable annuity transfer
16:21 Benefits of transferring from high-fee annuities
18:20 Humorous mix-up about hosts' identities
21:43 Clarification on inherited IRAs and Roth conversions
24:34 Discussed tax deductions for home improvements
25:30 Listener concerns over annuity safety and risk explained
30:07 Caller advised on diversifying using Vanguard ETFs
31:45 Listener call clarifying Roth IRA contributions and eligibility

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Hedge Secrets? Apr 01, 2025

At Talking Real Money, we’re here to reinforce core investing principles: diversify, plan carefully, and never attempt to predict market swings—a point underscored by famed hedge fund manager Ray Dalio, who advocates holding multiple uncorrelated asset classes rather than timing market downturns. Dalio warns of economic shocks comparable to past crises like the dot-com bust but emphasizes preparation, not prediction, urging investors to diversify across stocks and bonds to mitigate volatility. We explore the practicalities of bond investing, noting bond ladders as a potential strategy, though bond funds usually suffice for most investors. Additionally, we caution against market timing, highlighting that missing just a few of the market’s best days over decades could dramatically reduce returns. Ultimately, successful investing relies on consistent strategy and prudent allocation—not reactionary moves based on fear or speculative predictions.

1:58 Dimensional Funds documentary discussion
2:38 Hedge fund manager Ray Dalio’s predictions and strategy
3:58 Dalio emphasizes asset diversification
5:48 Comparing podcast viewership and popularity
8:05 Critique of leveraged ETFs and annuities
11:10 Preparation beats market timing
14:57 Bond ladders vs. bond funds explained
19:06 Bond market volatility in downturns
21:45 Listener question on tax-efficient bond investing
26:58 Dangers of market timing highlighted
31:18 Clarifying listener confusion about RMDs
35:27 Advice on state-specific tax consultation

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Don't Cry for Me Mar 31, 2025

At Talking Real Money, we consistently emphasize that investing requires diversification, low costs, planning, and acknowledgment that predicting the future is impossible—a lesson humorously highlighted by the saga of Argentina's 100-year bond. Originally mocked after Argentina defaulted in 2020, this bond, offering an initially enticing 7.9% yield, remarkably bounced back following political reforms under Javier Milei, outperforming both U.S. Treasuries and Austria's similar bond, which lost around 80% of its value. This underscores that obvious, high-risk investments can sometimes yield surprising returns, but also emphasizes that bonds, even seemingly safe ones, can exhibit volatility akin to stocks, as evidenced by the 30% drop in U.S. Treasuries in 2022. For retirement portfolios, bonds should primarily provide stability, not speculative gains, and investors must carefully manage strategies such as required minimum distributions (RMDs), transferring old plans into current employer plans to strategically delay taxes. Ultimately, market unpredictability reinforces our fundamental belief that the future remains uncertain for investors and pundits alike.

1:40 Argentina's 100-Year Bond
2:19 Comparing Bonds: Argentina vs. Austria
3:46 The Risks of Long-Term Bonds
5:05 Lessons from Argentina's Bond
7:16 Rethinking Fixed Income Strategy
9:12 Future Predictions on Bonds
11:11 Listener Questions Begin
12:10 Understanding RMDs for 403Bs
14:54 The Debate Over Financial Advisors
15:59 Comparing Investment Strategies

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You're Asking Away Mar 28, 2025

On this Friday's episode of Talking Real Money, Don McDonald continued his weekly tradition of answering listener questions, covering practical financial concerns in a straightforward and engaging way. He tackled questions ranging from understanding bid-ask spreads when purchasing ETFs, to choosing the best short-term investment options, such as high-yield savings, CDs, and money market funds. Don also clarified the subtle differences between various Vanguard money market funds, providing guidance on picking the right option based on security and yield. Additionally, he discussed managing retirement withdrawals effectively, particularly addressing conservative strategies for individuals close to retirement who want to protect their principal. Throughout the episode, Don emphasized the importance of balancing risk and returns, maintaining discipline, and using diversified, low-cost investment strategies to manage finances sensibly.

1:23 Understanding Bid-Ask Spreads
6:25 Short-Term Investment Strategies
9:59 Choosing the Right Money Market Fund
13:37 Political Discussions on Social Security
17:10 Managing Retirement Withdrawals

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Quiet Investing Science Mar 27, 2025

On today's Talking Real Money, Don McDonald welcomed two special guests from Dimensional Fund Advisors (DFA)—founder David Booth and co-CEO Dave Butler—to discuss their unique investment philosophy and the importance of tuning out financial noise. The conversation centered around DFA's documentary, "Tune Out the Noise," which emphasizes an academically-based investment strategy focused on sensible, disciplined investing rather than market timing and stock picking. Don and his guests explained the distinct difference between DFA's approach and traditional active or passive investing, highlighting DFA's strategy of combining the strengths of indexing with flexible, thoughtful trading to enhance returns. They also discussed how the rise of ETFs and technological advancements are reshaping the investment industry, making it easier for investors to access diversified, low-cost portfolios. Finally, the episode stressed the critical importance of managing emotional reactions to market volatility, reinforcing the value of staying disciplined and diversified to achieve long-term investment success.

2:34 Tune Out the Noise Documentary
4:23 Dimensional's Unique Investment Philosophy
7:31 Adding Value Over Indexing
8:20 Early Challenges and Data Evidence
11:25 The Role of Nobel Laureates
15:24 Active vs. Passive Investing
19:04 The Future of Active Management
23:32 Evolution of the Mutual Fund Industry
26:02 Technology's Impact on Investing
28:28 Behavioral Aspects of Investing
30:47 The Rise of ETFs
32:37 The Trust Factor in Finance
35:22 Tuning Out the Noise

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Biggest Losers Mar 26, 2025

On today's Talking Real Money, Don and Tom dug deep into some surprisingly terrible mutual funds—those wealth destroyers that somehow manage to lose investors piles of money year after year. They highlighted the infamous ARK funds, which collectively burned through billions, and even exposed a Fidelity long-term treasury bond index fund that unexpectedly landed among the biggest losers over the past decade, illustrating precisely why they've been cautioning against holding long-term bonds. Alongside their usual listener Q&A, they shared practical tips on safely managing cash between high-yield savings and money market accounts and clarified how much cash to keep handy in checking. Politics briefly entered the scene, sparking a discussion on managing risks amid increasing national debt—spoiler alert: don't panic; stick to a disciplined, diversified plan. Finally, they praised a savvy grandmother setting up Roth IRAs for her granddaughters, reaffirming their belief that a simple, globally diversified fund like AVGE can help secure financial futures with minimal fuss.

1:20 The Reality of Mutual Funds
2:38 Understanding Value-Destroying Funds
4:17 The Importance of Avoiding Bad Investments
7:35 Long-Term Treasury Bonds: A Cautionary Tale
10:02 Choosing the Right Savings Account
13:32 Managing Your Checking Account Balance
16:09 Navigating High-Yield Accounts
17:48 Retirement Planning and TSP Allocation
22:04 Inheriting Wealth: A Financial Strategy
23:14 The Need for a Financial Plan
24:45 Managing Risks in a Political Landscape
28:36 Grandparenting with a Roth IRA
30:52 Investing for the Next Generation
34:17 Evaluating a Cross-Border Portfolio

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Market Moodiness Mar 25, 2025

Hosts Don McDonald and Tom Cock discuss timely market volatility, emphasizing the importance of maintaining diversified global portfolios rather than reacting to short-term market shifts. They address listener concerns, including the complexities of decumulation in retirement and the critical value of seeking personalized financial planning from fiduciary advisors, particularly during life's transitions. Using real-life scenarios, they illustrate how seemingly minor financial decisions, like the timing of Social Security, can have significant long-term impacts, reinforcing the necessity of detailed, personalized advice. They underscore the challenge of finding genuine fiduciary advisors amidst misleading industry claims and encourage listeners to rigorously verify advisor credentials and fiduciary status.

0:34 Introduction to Timely Financial Discussions
4:44 Market Sentiment and Performance Analysis
7:41 Listener Call: Financial Concerns
12:00 Navigating Taxes and Annuities
14:57 Personalized Financial Planning Importance
17:46 The Challenge of Finding Good Advisors
19:04 Fiduciary Responsibilities and Advisor Selection
24:50 Decumulation Strategies for Retirement
33:01 The Value of Professional Financial Guidance

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Fiduciary Homework Mar 24, 2025

Hosts Don McDonald and Tom Cock emphasize the critical importance of hiring a fiduciary financial advisor, legally required to act in your best interests and transparently disclose conflicts of interest, such as fees and commissions. They caution listeners against advisors who misleadingly claim fiduciary status and advise verifying credentials through reliable resources like FINRA's BrokerCheck. By reviewing documents like Form ADV Part 2, investors can clearly identify conflicts of interest and fee structures. Highlighting examples from Ameriprise Financial and Appella Wealth, they illustrate the contrast between firms with extensive conflicts and those genuinely fiduciary-focused. The hosts underscore maintaining diversified, low-cost portfolios and avoiding market timing. They encourage investors to utilize available educational resources and thorough advisor vetting to secure their financial well-being.

0:32 Introduction to Fiduciary Responsibility
2:11 Finding a Fiduciary Financial Advisor
6:39 Verifying Advisor Credentials
8:39 Researching Financial Firms
11:23 Understanding Fees and Compensation
13:23 Conflicts of Interest Explained
16:43 Importance of Due Diligence
21:39 Listener Questions on Investment Strategies

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A Bunch of Your Questions Mar 21, 2025

It’s Friday, and you know what that means — Q&A day! We tackled five great listener questions, starting with a deep dive into why that seemingly “safe” $71,000 annuity actually shortchanges you compared to a basic 4% Treasury ladder or a modest balanced portfolio. Then we crunched the numbers on HSAs and proved that investing the tax savings can indeed leave you ahead — despite what your accountant might say. Municipal bonds made an appearance, too, as we broke down the breakeven math for different tax brackets. A retiree asked whether to realize capital gains or convert to a Roth — and spoiler alert: his instincts were spot-on. Finally, we wrapped with a listener concerned about owning small-cap value in retirement, and we emphasized the importance of building a balanced portfolio, not just collecting investments from headlines.

1:02 Annuities Explained
6:10 HSA Insights and Strategies
7:01 Understanding Municipal Bonds
10:20 Tax Strategies for Retirees
16:26 Addressing Portfolio Overhaul Concerns

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No Protection? Mar 20, 2025

Imagine a world where investment firms actually worked in your best interest and financial regulators had your back—yeah, keep dreaming. The reality is getting worse, not better. The latest proof? A flood of sketchy "investment opportunities" dressed up as safe and innovative. Take the new PRIV ETF, which claims to focus on "investment grade" private credit—except 95% of its holdings are junk-rated. Or BlackRock sneaking Bitcoin into its model portfolios, giving investors exposure to one of the most volatile assets around without them even realizing it. And, of course, the structured finance industry is partying like it's 2006, bundling up risky loans and convincing investors they’re solid bets. The lesson? You cannot rely on regulators, Wall Street, or even common sense prevailing. You need a real investment strategy—not a collection of ideas—and a healthy dose of skepticism. Because if it sounds too good to be true, it is.

0:11 A Sensible Investment World
1:51 The Rise of Risky Funds
3:50 Bitcoin in Portfolios
5:45 The Return of Old Schemes
7:18 The Investor's Responsibility
9:45 The Importance of Strategy
12:13 Listener Questions Begin
14:22 ETFs vs. Mutual Funds
16:26 Bonds in 401k vs. Taxable Accounts

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Wanna Be Rich? Mar 19, 2025

Another day, another batch of money myths to bust. In this episode of Talking Real Money, Tom and Don take a sledgehammer to the idea that becoming a millionaire requires some kind of magical stock picking, insane work hours, or pure dumb luck. Spoiler: It’s mostly about spending less than you make, investing consistently, and avoiding financial landmines (like high-interest debt). A listener asks whether bonds are still the best diversifier in a portfolio, which leads to a deep dive into why no investment is a perfect hedge against stocks—despite what the Wall Street wizards want you to believe. Fidelity gets a well-deserved roasting for pushing annuities inside IRAs (seriously, why?). And for those considering Tesla stock or any other hot-shot investment, let’s just say: strap in, because that rollercoaster is a wild one. Along the way, they take on listener questions, reminisce about financial talk radio, and remind everyone that no one—NO ONE—can predict the future, no matter how much they charge for their “insight.”

0:41 - Debunking millionaire myths: It’s not about luck, Amazon IPOs, or working 80-hour weeks.
1:45 - The Millionaire Next Door and the modern rise in millionaires (2020–2023).
2:48 - The top millionaire habits: underspending, steady investing, and avoiding debt.
3:13 - Don’t ignore “free money” (employer 401k match) as part of your wealth strategy.
3:36 - Understanding risk-adjusted investments (not market trends or headlines).
4:12 - The dangers of high-interest credit card debt (current rates around 20%).
9:19 - Listener question: Are there better alternatives to bonds in a portfolio?
11:52 - The myth of negative correlation: Bonds don’t always move opposite to stocks.
14:30 - Real estate, commodities, private credit—are they good alternatives? (Mostly no.)
17:37 - Why hedge funds fail at providing a true alternative investment strategy.
18:24 - Listener question: Should an annuity be inside an IRA? (No, and beware of sales tactics.)
20:06 - A listener asks about tools to analyze asset allocation across different accounts.
23:32 - A caller asks about his mom’s annuity; Fidelity gets called out for bad advice.
28:08 - The risks of annuities vs. safer alternatives like CDs.
31:41 - Listener question: Should I invest my cash-back rewards in Tesla or AVGE? (Tesla is a rollercoaster.)
34:29 - Individual stock risk: Why even major companies (like Walgreens) can collapse.
37:36 - Nostalgic discussion about financial talk radio, Bob Brinker, and Financial Fysics.

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Prices Also Fall Mar 18, 2025

In this episode of "Talking Real Money," hosts Don McDonald and Tom Cock address recent market volatility, emphasizing that despite headlines about markets "nosedives," the S&P 500 is still up 10% over the past year and only down 4.4% year-to-date, while globally diversified portfolios have fared even better with minimal losses. They criticize alarming financial media headlines that cause investor panic and warn that emotional reactions to market fluctuations are more damaging to portfolios than market corrections themselves, which historically last about 100 days. The hosts field caller questions about retirement account allocation strategies, including keeping bonds in traditional IRAs while holding stocks in Roth IRAs to maximize tax advantages, and explain investment terminology such as large/mid/small cap classifications and value versus growth distinctions. They also address Dave Ramsey's claim that investing $100 monthly from ages 25-65 would create a millionaire, calculating that with a 10% return it would yield about $637,000, though Ramsey likely assumes a 12% return based on the American Funds Investment Company of America's historical performance, which they argue sets unrealistic expectations for future investors.

0:04 Market reactions and recent trends - S&P 500 up 10% over past year despite media negativity
2:50 Baby Boomers and market concerns - critique of alarmist headlines about retirement portfolios
5:05 Investing strategies for volatile markets - importance of discipline and avoiding emotional reactions
6:14 Understanding portfolio allocation - caller question about bonds in Roth vs. traditional IRAs
10:15 Dave Ramsey's $100/month millionaire claim - analysis of investment return calculations
19:44 Importance of risk tolerance - historical performance of American Funds with significant downturns
23:31 Evaluating old retirement plans - advice on moving a $45,000 government retirement account to an IRA
26:22 Investment terminology explained - definitions of large/mid/small cap, growth vs. value stocks
32:59 Understanding bond investments - short-term (under 3 years), intermediate (4-10 years), and long-term (10+ years)
35:28 Engaging with financial education - information about speaking engagements and consultation opportunities

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Catching Some Zs Mar 17, 2025

In this episode of "Talking Real Money," hosts Don McDonald and Tom Cock discuss generational investing habits, highlighting concerning trends among Gen Z investors who start investing at age 19 but often engage in high-risk behaviors like options trading (36%), cryptocurrency (42% of males), and margin trading (25%). Unlike Baby Boomers who typically began investing at age 35, Gen Z relies heavily on questionable financial advice from social media "fin-fluencers," with approximately half using platforms like TikTok for investing guidance. The hosts worry these gambling-like behaviors could lead to devastating losses and eventual disillusionment with investing altogether, contrasting this approach with their recommended strategy of long-term, diversified investing in index funds like Vanguard Total World Stock Index. The episode also addresses listener questions about optimal places for liquid savings and strategies to manage retirement income to avoid IRMAA Medicare surcharges, emphasizing the importance of tax planning in retirement.

0:04 Generational wealth distribution and control among Baby Boomers
2:06 Investment start ages across generations (Baby Boomers: 35, Gen X: 32, Millennials: 25, Gen Z: 19)
3:56 Concerning investment behaviors of Gen Z - options trading (36%), cryptocurrency (42%), and margin trading (25%)
7:23 Risks of relying on social media for financial advice and the problems with "fin-fluencers"
9:38 Long-term index fund investing versus short-term gambling approaches
14:39 Listener question: Where to keep liquid funds in today's interest rate environment
16:02 IRMAA (Medicare surcharges) planning and tax-efficient retirement withdrawal strategies
19:39 RetireMeet 2025 resources and financial advisory services

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These Questions Five Mar 14, 2025

It's another Friday Q&A:

1:38 Inherited IRAs Explained
3:34 Understanding Short-Term Bond Funds
5:35 Tax Implications on Dividends
6:40 The Role of Mid-Cap Investments
8:43 Withdrawal Strategies in Retirement

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Misplaced Confidence Mar 13, 2025

In this episode, Tom and Don explore retail investors' behaviors influenced by users of platforms like Wall Street Bets, highlighting the risks faced by inexperienced traders in high-stakes options trading. We discuss poor investment habits driven by overconfidence, the gambler's fallacy, and behavioral finance pitfalls such as confirmation bias. We reiterate the importance of diversification and long-term strategies over trend-following. Then, we address listener questions on retirement planning and fiduciary advice.

3:08 The Gambler's Fallacy
7:01 Confirmation Bias in Investing
13:27 Understanding Risk in Investing
16:11 Listener Questions and Answers
21:02 Retirement Planning Strategies

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Social inSecurity Mar 12, 2025

Today, Don and Tom discuss essential personal finance and retirement planning strategies. They consider the future Social Security and the need to delay benefits for better payouts while advising young listeners to establish emergency funds and utilize 401(k) and Roth IRA benefits. The hosts caution against misleading bank promotions and provide personalized insights on listener questions regarding insurance policies and tax implications.

2:05 Concerns About Social Security
5:03 Social Security and Retirement Planning
5:29 Social Security Class Announcement
7:30 Investing for Young Adults
8:28 Emergency Funds and 401k Options
10:33 Real Estate Considerations for Young Adults
14:06 High-Yield Savings Accounts Discussion
24:10 Gimmicks in Banking Rates
28:33 Roth Conversion and Capital Gains
35:04 Market Performance and Emotional Investing

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Partisan Portfolios Mar 11, 2025

In this episode, we examine the intersection of politics and investing, highlighting how emotional decisions can cloud judgment. We discuss politically-themed ETFs, like the Defiance MAGA ETF, emphasizing that economic factors, not political trends, influence stock prices. Listeners are cautioned against allowing political affiliations to dictate investment strategies, as this can lead to underperformance. Using Walgreens as an example, we underscore the importance of diversification over individual stock investments. We answer listener questions about tax regulations and advocate for low-cost index funds and ETFs for long-term success.

2:16 Don's and Tom's Politics
4:34 Should You Invest Politically?
8:08 The Risks of Individual Stocks
21:43 The Fall of Walgreens
30:44 Fidelity vs. Schwab: A Comparison
33:48 Understanding Zero Coupon Funds

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Build Better Mar 10, 2025

In this episode, we examine the key principles of constructing an investment portfolio, focusing on asset selection tailored to individual needs. We address listener questions about foundational components like stocks and bonds, featuring Paul Merriman's four-fund model for balanced diversification. The conversation includes the value of international investments and real-life scenarios illustrating successful strategies. We also discuss the implications of tax-efficient fund choices and my perspective on using traditional investments over Roth accounts for children.

0:34 Portfolio Population Basics
2:24 Diversification Discussion
6:09 International Investments
13:12 Social Security Insights
18:13 Early Retirement Experiences
23:10 Roth Accounts for Kids

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Q&A Duo Mar 07, 2025

In this Q&A episode, Don and Tom address listener questions about comparing Vanguard funds with Avantis Global Equity Fund, review an Army officer's retirement portfolio, provide debt management guidance for a young professional, discuss options for handling an old 403(b) plan, and explain fund benchmark comparisons for Dimensional Funds.

[0:04] Introduction and explanation for Q&A format change
[3:07] Comparing Vanguard funds to Avantis Global Equity Fund (AVGE)
[7:34] Army officer's retirement planning and investment portfolio review
[16:34] Debt hierarchy guidance for young professionals
[18:11] Managing an old employer 403(b) plan at Fidelity
[21:54] Understanding Dimensional Funds performance vs benchmarks

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Bouncing Around Mar 06, 2025

In this episode of "Talking Real Money," Don and Tom discuss investment risk using "volatility scores" to compare investments. They break down how the ARK Innovation ETF's higher returns come with extreme volatility and steeper losses compared to the Vanguard Total World Stock Index.

They answer listener questions, suggesting a fee-only fiduciary advisor to someone with a broker-built portfolio of individual stocks and annuities. They also recommend a retirement plan update for a long-time follower moving from saving to spending phase.

Throughout the show, Don and Tom emphasize understanding investment volatility, diversification, and portfolio rebalancing with their trademark mix of financial know-how and friendly banter.

[0:04] Intro to Financial Freedom
[1:55] Don's Vision Pro Experience
[3:03] Understanding Risk as Volatility
[5:35] Types of Investment Risk
[7:18] Portfolio Drawdown Concerns
[9:48] ARK ETF's Extreme Volatility
[13:22] Index Fund Rebalancing
[14:13] VT vs ARKK Performance Comparison
[16:53] Listener Questions Begin
[24:51] Finding a Fiduciary Advisor
[31:16] Transitioning to Retirement

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Financial Fear Factors Mar 05, 2025

From Saturday's second radio show hour:

2:04 Magical Technology and Reality
3:05 Understanding Risk in Investing
5:42 Measuring Investment Risk
7:20 The Importance of Drawdown
13:25 The Volatility of Investments
14:12 Comparing Investment Options
16:55 Live Questions and Listener Insights
18:04 Portfolio Rebalancing Strategies
19:41 Call for Listener Engagement
21:50 Evaluating Investment Portfolios
24:53 Choosing the Right Financial Advisor
31:18 Preparing for Retirement

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Worry Less Mar 04, 2025

Saturday's first radio hour becomes a podcast:

1:56 The Truth About Money Lies
3:18 Jonathan Clements' Insights
5:04 Coping with Financial Anxiety
7:01 Automating Your Finances
12:03 Tax Efficiency in Investments
18:36 Finding a Professional Fiduciary
22:21 Planning for Future Financial Care
31:13 Jonathan Clements' Final Advice
34:04 Understanding Rebalancing Risks

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Put Down the Dow Mar 03, 2025

In today's episode:

0:58 Introduction to the Dow Debate
2:11 The Dow's Calculation Explained
4:04 Big Tech's Influence on the Dow
5:17 The Dow's Media Presence
6:27 Ownership of the Dow Jones
8:07 The Arbitrary Nature of Indexes
11:21 Trusting Financial Indexes
14:18 Evaluating Investment Choices
17:06 Risks of Complex Funds
20:04 Reassessing Retirement Strategies
22:05 Tax Implications of Investments

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We Have Questions Feb 28, 2025

Thanks for the great questions (and a comment):

1:29 Long-Term Disability Insights
5:15 Fidelity Target Date Funds Discussion
10:59 Annuity Portfolio Changes
13:02 Understanding Wrap Accounts
16:49 Navigating Long-Term Care Insurance

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Why Try? Feb 27, 2025

In today's episode:

0:33 Investing Truths Uncovered
1:38 The Fallacy of Active Management
2:55 Diversification and Market Cycles
5:23 Autopilot Investment Strategies
6:58 Trusting Long-Term Data
9:19 Historical Returns Explained
11:49 The Power of Index Funds
13:03 Listener Questions and Insights
19:03 Young Investors and Market Perceptions
19:59 Understanding Fund Expenses

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Financially Illiterate? Feb 26, 2025

Now, the rest of the Saturday show:

0:52 The Biggest Heist in History
0:54 Financial Literacy: Are We Really Educated?
2:35 The Three Questions of Financial Literacy
5:10 Disappointment in Financial Knowledge
5:16 Finding a Financial Advisor
7:06 Preparing for Your First Advisor Meeting
10:02 Researching Your Potential Advisor
11:41 Understanding Fees and Conflicts of Interest
13:21 Selling Your Home: Capital Gains Deductions
17:54 Estate Planning and Probate Concerns
19:37 The Importance of Pensions
33:22 Understanding Pensions and Retirement Plans
34:27 The Value of Employer Contributions

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Stocks Also Fall Feb 25, 2025

From Saturday's show:

0:34 US Stocks Take a Tumble
4:44 Market Sentiment and Performance Analysis
7:41 Listener Call: Financial Concerns
12:00 Navigating Taxes and Annuities
14:57 Personalized Financial Planning Importance
17:46 The Challenge of Finding Good Advisors
19:04 Fiduciary Responsibilities and Advisor Selection
24:50 Decumulation Strategies for Retirement
33:01 The Value of Professional Financial Guidance

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How Low Can They Go? Feb 24, 2025

In today's podcast:

1:27 Vanguard Cuts Fees
2:34 Small Savings for Investors
6:54 Customer Service Concerns
8:22 Index Fund Clarity
13:14 Dog Food Comparisons
13:43 Listener Questions Begin

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Managed Bonds Better? Feb 21, 2025

In today's podcast:

0:44 Active vs Passive Fund Management
1:40 The Bond Fund Debate
3:01 Active Bond Management Challenges
4:20 Vanguard's Role in Bond Funds
5:46 Comparing Bond Fund Quality
6:55 The Risks of Active Management
13:34 Questions and Comments
21:59 Self-Directed IRA Considerations
24:22 Personal vs Business Investments

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Super Bowl Investing? Feb 20, 2025

Here's Saturday's second radio hour:

1:48 Super Bowl Betting Frenzy
15:55 Long-Term Care Insurance Insights
17:39 Evaluating Pet Insurance Costs
31:52 Understanding Charitable Distributions
36:51 The Podcast Production Team

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Price of Protection Feb 19, 2025

Here's the first part of Saturday's show:

0:48 Real Money Basics
3:22 Hedge Funds Uncovered
5:15 The Role of AI in Investing
6:12 Listener Questions Begin
18:26 Performance and Client Feedback
19:37 Understanding Fund Comparisons
31:07 Navigating Closed-End Funds
33:22 Strategies for Retirement Income

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Q&A on a Tuesday? Feb 18, 2025

We needed a special edition:

0:23 Opening the Question Pile
2:58 Historical Reflections
4:59 Tangents and Technology
9:31 Retirement Fund Strategies
11:19 Health Savings Accounts Explained
13:35 Roth Contribution Changes
15:23 Understanding Fund Prices
18:54 Clarifying Roth IRA Confusion
23:04 The Role of Financial Advisors

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It's Your Q Feb 14, 2025

Here is this week's Q&A:

1:41 High-Yield Savings Accounts Discussion
5:05 Retirement Income Strategies
8:52 Transforming Your Retirement Portfolio
13:35 Rollover IRA Insight

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Modern Money Media Feb 13, 2025

In today's big show:

0:33 Social Media and Financial Advice
1:14 The Risks of Finfluencers
2:20 Regulation Gaps in Financial Advice
5:52 Shaquille O'Neal's Financial Evolution
7:14 Finding Reliable Financial Sources
8:55 The Appeal of Meet Kevin
11:51 Dave Ramsey's Legal Troubles
13:09 Kevin's Family Life and Career
14:52 Engaging with Our Listeners
21:44 Navigating Avantis Funds

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Retiremeet '25 - Part Two Feb 12, 2025

From our live event in Bellevue, WA:

1:32 Empowering Young Investors
2:52 Overcoming Financial Knowledge Gaps
4:05 Navigating Financial Information
5:16 Transition to Tom's Return
6:16 Food and Networking at Retire Meet
7:18 Weather Woes and Retirement Concerns
10:02 Addressing Retirement Purpose
13:03 The Importance of Social Security
14:17 Tom Takes Over the Show
14:50 Callers and Financial Questions
24:49 The Impact of Politics on Money
31:00 Building a Personal Portfolio
33:59 Joe's Annuity Inquiry

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Retiremeet '25 - Part One Feb 11, 2025

Don and Joey Saul-Sehy recorded live at Retiremeet.

0:37 Live from RetireMeet 2025
2:13 Impressions of RetireMeet
6:05 Lifestyle in Retirement
8:38 Practicing Retirement
9:54 Setting Up for Retirement
14:00 Transitioning to Retirement
14:56 Balancing Retirement Goals
19:26 Long-Term Disability Insights
27:13 Navigating Social Security
34:50 Comprehensive Financial Planning
35:52 Control in Retirement Planning

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Pricey Shrubs Feb 11, 2025

To start another week:

0:27 Introduction to Hedge Funds
1:57 Hedge Fund Slogans and Fees
5:04 Hedge Fund Performance vs. S&P 500
8:43 The Problem with Hedge Fund Strategies
11:08 The Grift of Hedge Funds
12:48 Listener Questions Begin
15:48 Flashbacks to 2008 Financial Crisis
17:19 Investing in ETFs

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Más Preguntas Feb 07, 2025

In this episode, we answer listener questions. We explore essential topics, starting with Chris's inquiry about medallion signatures and the support he received from Fidelity during a transfer. We talk about Doug's frustration regarding advisor performance versus index funds, emphasizing the need for performance evaluation. Joey's question about AI in financial management leads to a discussion on its supportive role, complemented by human emotional intelligence in advising. We also address concerns about the AVGE fund's fees and clarify the complexities surrounding deferred compensation as loan collateral.

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Market or Rules? Feb 06, 2025

In today's podcast episode:

0:45 Introduction to the Investment Debate
2:26 The Case for Total Market Index Funds
5:56 Performance Comparison: ETFs vs. Index Funds
7:46 Understanding Risk in Investment Choices
10:29 The Importance of Diversification
14:07 Global Investing: A Broader Perspective
15:07 Listener Questions: Asset Location Strategies
17:56 Bond Investments: Tips vs. ETFs
22:39 CD Ladders vs. Bond Funds

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Hard to Grow Feb 05, 2025

In this episode from Saturday's radio show:

1:48 The Illusion of Gold
7:13 Retirement and Investment Strategies
8:52 Health Savings Accounts Explored
12:53 The Dangers of Meme Coins
15:54 Navigating Required Minimum Distributions
25:19 Bond Funds and Market Stability
28:56 Capital Gains Tax Insights
34:14 Understanding IRMAA and Medicare Costs

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Nvidia Crash Feb 04, 2025

In this episode:

0:56 Surprises in the Stock Market
5:05 NVIDIA Stock Shock
11:50 The Importance of Diversification
19:32 Cryptocurrency and Meme Coins
22:19 The Rise of Dogecoin
26:03 The Trump Coin Phenomenon
33:19 Investing Strategies for the Future

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Like Moths... Feb 03, 2025

In today's show:

0:59 The Allure of Hot Stocks
6:22 Best International Funds Unveiled
14:07 Choosing Your Equity Funds
14:44 Listener Questions: Bond Fund Confusion
18:20 Emergency Fund Strategies

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More Than a Few Qs Jan 31, 2025

Today, a passel of Q&A:

3:07 Understanding Active vs. Passive Management
5:43 Exploring Callable and Non-callable CDs
9:06 Investing Strategies for Young Couples
13:32 Navigating Investment Options for Retirement
18:06 Customizing a Target Date 529 Fund
22:23 Roth Conversions and Tax Implications

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A Few Good Stocks Jan 30, 2025

In this episode:

0:38 Stock Market Insights
2:35 The Power of Stock Selection
5:40 The Challenge of Picking Winners
11:23 Lessons from Netflix and Streaming
12:53 Tax Loss Harvesting Explained
17:58 Portfolio Questions from Listeners

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US Best, But... Jan 29, 2025

Taken from Saturday's radio show:

4:59 The Power of Diversification
6:50 Understanding Cash Management
9:19 The Role of ETFs
10:34 Interest Rates Explained
13:06 The Impact of Risk
14:06 Evaluating Financial Advisors
15:34 Exploring Employer Plans
17:45 Options for HSA Rollovers
19:24 The Future of Your Investments
25:04 Navigating Advisor Relationships
27:27 Dividends and ETFs
32:03 Managing Health Savings Accounts

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Keep It Steady Jan 28, 2025

Here is the first hour of Saturday's radio show:

1:43 The Importance of Portfolio Rebalancing
5:15 Understanding Stock to Bond Ratios
6:25 Risks of Overexposure to Stocks
9:08 The Need for a Financial Plan
12:02 Insights on LLC and Estate Planning
14:01 The Value of Professional Financial Advice
15:01 Clarifying Investment Fees
16:49 Balancing Debt and Investments
19:23 The Role of International Investments
21:43 The Psychology of Investing
28:37 Early Retirement Planning
34:52 Finding Purpose in Retirement

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Markets Also Fall Jan 27, 2025

In today's exciting episode:

0:26 What Goes Up Can Come Down
0:47 The Stock Market Surge
4:57 Preparing for Market Corrections
7:33 Investor Strategies During Corrections
15:01 Listener Questions Begin
16:39 Investment Strategies for Retirement
19:16 Financing Home Improvements

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Tom & Roxy Day Jan 24, 2025

We are swamped with typed Qs:

0:27 The Bank's Profit Motive
7:28 Social Security Strategies
11:01 Traditional vs. Roth IRA Decisions
13:50 ETF Trading Restrictions
14:32 Understanding Social Security Projections
18:37 Canadian Investment Insights
27:13 Preparing for Retirement Education

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Take it Seriously Jan 23, 2025

In this episode:

1:19 The Game of Investing
4:02 The Roller Coaster of ARK Innovation
5:21 Thematic Funds Explained
8:11 International Perspective on Financial Leadership
11:32 The Importance of Financial Backgrounds
19:33 Listener Call: Investing Strategies
22:15 Understanding Roth IRA Conversions
24:59 Starting Over with Investments
34:07 The Complexity of Financial Planning

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Short Sweeps Jan 22, 2025

In today's episode:

1:10 A 401(k) RMD Correction
3:42 Brokers Paying Too Little?
11:47 Vanguard Must Pay back $100 Million
20:14 52-Week Money Challenge
25:37 Callable CDs and Bonds
34:08 Navigating Financial Advisors
35:56 Retirement Planning Insights

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Money Talkin' Bros Jan 21, 2025

On this rare guest episode:

2:18 Getting to Know Joe Saul-Sehy
8:21 Transitioning to Teaching and Broadcasting
12:30 Exploring Stacking Benjamins Topics
18:50 Understanding Speculation vs. Investment
23:57 Upcoming Talk at RetireMeet

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Day of Q (and A) Jan 17, 2025

It's Friday:

2:05 Pension Account Insights
8:10 Transitioning Investment Accounts
10:16 Holiday Scam Awareness
15:35 Whole Life Policy Concerns
19:09 Cryptocurrency and Crime

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Disagree with Dave Jan 16, 2025

We revisit the great retirement date debate:

3:16 Critique of Dave Ramsey's Advice
3:25 Importance of Social Security Decisions
5:34 The Impact of Life Expectancy
7:17 Understanding Social Security Payments
10:12 Common Reasons for Early Withdrawal
12:48 Strategies for Maximizing Benefits
13:37 Transition to Listener Questions
18:54 Question on Roth IRA Eligibility
21:48 Medallion Signature Issues

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Reverse 60/40? Jan 15, 2025

Is 60/40 dead again:

0:20 Vanguard's Changing Approach
0:26 Stock and Bond Ratios Explored
1:57 The Trouble with Market Timing
2:38 Vanguard's Advice: A Shift in Strategy
3:40 The 60-40 Portfolio Debate
4:34 Caller Insights: 401k Strategies
5:17 Building a Portfolio for the Future
7:27 Target Date Funds vs. Index Funds
14:13 Streaming Financial Education
14:45 Accessing Financial Conferences
15:51 The Importance of In-Person Events
18:30 Evaluating Mortgage Payoff Decisions
19:41 Navigating Social Security Benefits
32:49 Simplifying Investment Strategies for New Investors

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Looking Back Jan 14, 2025

We look for lessons from the last 100 years:

5:10 Stock Market Trends and Historical Returns
9:47 Preparing for Future Market Downturns
12:57 Navigating Social Security Benefits
19:31 Buying a New Car: Cash vs. Financing
19:46 The Confusion of Financial Information
23:12 Social Security Planning and Inflation
24:27 Understanding Required Minimum Distributions
29:13 Strategies for Risk Management in Retirement
32:09 Roth Conversions and Tax Planning

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Easy Being Wrong Jan 13, 2025

Today, let's talk about "expert" forecasts:

0:32 Introduction to Predictions
3:30 Wall Street's Flawed Forecasts
7:13 The Problem with Market Timing
11:56 Long-Term Investment Strategies
14:52 Understanding Economic Indicators
17:38 Market Trends and Personal Finances
20:18 Universal Savings Accounts Explained
23:33 Retirement and Saving Challenges
23:48 Upcoming Events and Announcements
27:58 Personal Anecdotes and Company Insights

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A Whole Lot of Qs Jan 10, 2025

Ah. Things are back to normal:

2:52 Retirement Discrepancies Explained
5:08 Understanding Collective Investment Trusts
9:01 Holding Funds for Roth Contributions
11:33 Top Five ETFs Revealed
14:42 Options Beyond Roth IRAs
17:38 Evaluating Active vs. Passive Management

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Greater Financial Clarity Jan 09, 2025

In today's episode of TRM:

1:58 Market Trends of 2024
3:44 Federal Reserve Decisions and Predictions
6:38 Global Economic Factors
8:19 The Rise of Cryptocurrency
11:08 Corporate Dominance and AI
13:22 Investment Strategies for 2025
15:23 Listener Questions and Financial Advice

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Take a Pass on Pitches Jan 08, 2025

In today's show:

1:35 The Problem with Financial Pitches
3:43 The Rise of ETFs
5:55 The Bitcoin ETF Concern
11:21 Insurance Strategies and Tips
14:12 The Importance of Investment Vehicles
16:22 Transitioning from Robo-Advisors
25:00 Managing Cash Positions in Portfolios

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New Opportunities Jan 07, 2025

In this episode:

2:40 New Year, New Financial Resolutions
5:16 Setting Concrete Financial Goals
8:41 Strategies for Financial Success
14:11 Listener Questions and Financial Advice
15:26 Planning Retirement Income Streams
17:32 Managing Fixed Income Investments
28:49 Consolidating Retirement Accounts
35:35 Vanguard Proxy Voting Discussion

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Big BetCoin Jan 06, 2025

In today's episode:

0:34 Irrational Exuberance Redux
1:52 The Rise of Bitcoin
3:05 Larry Fink's Shift
5:09 MicroStrategy's Bitcoin Strategy
7:38 The Use Cases of Crypto
9:52 Banking the Unbanked
10:56 The Speculative Nature of Crypto
13:06 401k Plans and Financial Advice
16:45 Returning to Crypto
19:08 The Dark Side of Crypto
19:54 Closing Thoughts and Questions

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Old is New Jan 03, 2025

In this new year episode:

0:51 New Year, New Perspectives
3:09 Economic Concerns and President Trump's Inauguration
6:46 Investment Strategies for Baby Boomers
7:49 Listener Questions Begin
19:10 Transition to Investment Accounts
21:02 Time Shifting and Quantum Radio
21:29 Diversifying Your Assets
28:40 Real Estate Investment Trusts (REITs)
29:10 Taxes and Moving Abroad
37:57 Fiduciary Responsibilities and Conflicts

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Paying for Retirement Jan 02, 2025

In our first episode of the new year:

0:33 Retirement Income Strategies
2:53 Navigating Social Security Decisions
5:43 Understanding Withdrawal Strategies
12:13 The Importance of Flexibility
14:46 Seeking Professional Guidance
19:36 The Power of Lump Sum Payments
22:49 Control Over Your Money
25:00 Evaluating Investment Options
32:13 Considering Annuities
37:12 Building a Sustainable Portfolio

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Gen anXious Dec 30, 2024

In the final episode of 2024:

0:31 Gen X Retirement Worries
2:02 Baby Boomers and Retirement Realities
5:21 Starting Late but Not Too Late
8:52 The Social Security Dilemma
9:55 The Importance of Flexibility
11:12 Taking the First Step
11:59 Listener Questions Begin
15:28 Understanding Advisor Fee Structures

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Not So Safe Dec 27, 2024

Welcome to today's podcast about risk and return:

14:12 The Risks of CDs and Annuities
19:31 Gambling vs. Investing
31:16 Retirement Planning Essentials

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Skip This Party Dec 26, 2024

In this episode:

0:57 Holiday Cheer and Investment Fears
4:02 Wall Street's Private Party Invitation
5:09 The Costly Alternative Investments
5:53 Confusion in Alternative Investments
11:55 Social Security Changes Ahead
14:21 Finding the Right Financial Advisor
19:45 Understanding the ADV Form
25:10 Red Flags in Financial Firms
33:55 Rebalancing Your Investment Portfolio

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Ripping You Off Dec 23, 2024

In this episode:

0:35 Intro to Scams
2:52 Recognizing the Scam
6:41 Private Credit Investments
8:19 Risks of Private Debt
14:23 The Complexity of Collateralized Debt
16:21 Investment Rules of Thumb
17:10 Questions on Space Exploration ETFs
21:44 Caution with Primerica
25:53 Year-End Opportunities

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Pre-Holiday Q and A Dec 20, 2024

Don takes your questions:

2:59 Bond Funds vs. Individual Bonds
6:02 Starting a Custodial Roth IRA
7:55 Building a Taxable Bond Hedge
10:57 Rebalancing in Retirement

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Why Own Bonds? Dec 19, 2024

In this episode:

0:33 The Quest for Income
2:02 The Risks of Reaching for Yield
3:35 Investing in Bond Funds
6:24 Understanding High-Yield Bonds
8:41 The Quality of Bond Investments
11:09 Rethinking Fixed Income Strategies
13:03 Active vs. Passive Management
14:02 Retirement Planning Insights
15:52 Choosing a 529 Plan
19:12 Pursuing Financial Credentials

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Bonds. Why, Bonds? Dec 18, 2024

In today's show:

2:07 Understanding Interest Rates and CDs
5:11 Bond Investment Strategies
19:29 Myths About Bonds
20:41 Misconceptions About Bond Funds
24:04 Understanding Risk and Return
30:09 Metals and Investing

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Retire With Purpose Dec 17, 2024

On today's podcast:

0:56 Retirement Planning and Purpose
5:15 Finding Meaning Beyond Work
6:10 The Value of Part-Time Engagement
9:54 Navigating Retirement Accounts
14:09 Deciding on Roth Conversions
18:30 Market Timing and Investment Strategy
24:32 Understanding Fund Diversification
30:46 Adjusting Portfolio Allocations
34:55 Smart Roth IRA Contributions
37:32 Managing Risk in Retirement Planning
41:38 Choosing the Right Financial Advisor

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Tariffs and Investments Dec 16, 2024

In today's episode:

2:18 The Impact of Tariffs
3:56 Unpacking Smoot-Hawley
5:07 Market Timing Dilemmas
8:13 Evidence from Professor Horstmeyer
12:19 The Cost of Timing the Market
13:23 The Importance of Diversification
16:38 Annuities and Retirement Plans
18:11 Tax Implications of 403B Plans
19:29 Overthinking Finances

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T&D Q&A Dec 13, 2024

In today's Friday Q&A:

0:27 Welcome to Q&A Day
3:30 I-Bonds and Inflation Protection
6:54 403B Resources and Options
10:41 TSP Withdrawal Strategies
13:39 Vanguard Fee Changes
17:15 Mortgage Recasting Dilemma

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The Money Talk Dec 12, 2024

'Tis the Talkin' Season:

0:27 Holiday Season Reflections
1:42 Discussing Money in Families
3:24 Navigating Conversations with Kids
4:47 The Complexity of Financial Discussions
9:43 Strategies for Talking About Money
11:42 Creating a Safe Space for Discussions
14:51 Timing is Everything
15:39 Unique Experiences and Conversations
20:55 Understanding Investment Tools
24:34 Audience Questions and Engagement
26:43 The Cost of Technology

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Care vs. Cash Dec 11, 2024

In this episode of "Talking Real Money," Don and Tom delve into a topic that intertwines personal finance with broader societal issues, sparked by a tragic event—the assassination of a CEO from the health insurance sector. The show starts with a call from a listener seeking advice on legacy stock holdings. Later, they discuss active versus passive ETFs.

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Time to Sell? Dec 10, 2024

In this episode from Saturday's show:

2:59 Market Valuations: Time to Worry?
5:07 Selling Winners: A Different Approach
7:22 The Lost Decade: Lessons from History
13:45 Global Risks: Beyond the U.S. Market
22:05 Target Date Funds: Pros and Cons
32:54 Advisor Shopping: Finding the Right Fit
36:52 Retirement Planning: G Fund Concerns

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Holiday Hustlers Dec 09, 2024

In today's episode:

0:10 Scams During the Holiday Season
2:39 Smart vs. Stupid Scammers
6:32 Phone Scams: Who to Trust?
7:54 Recent Scams and Ponzi Schemes
10:07 Believing in Scams
10:59 Trust No One
15:16 Protecting Yourself Online
19:56 Investment Questions from Listeners

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Fri-Day-o'-Qs Dec 06, 2024

In today's Q&A:

2:15 Separately Managed Accounts Discussion
4:04 Exploring Real Estate Investments
7:03 Dividend Income vs. Selling ETF Shares
12:41 Total Return Strategy Explained
17:33 Asset Allocation Insights
19:42 Personal Investment Strategies Revealed

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Investing Backward Dec 06, 2024

In today's show:

0:25 Start at the End
2:18 Understanding Your Spending
7:24 Importance of Knowing Your Spend
14:27 Begin Your Retirement Journey
16:14 Questions from Listeners

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Investor Gratitude Dec 04, 2024

In this episode:

2:21 Ten Reasons to Be a Thankful Investor
8:01 The State of the U.S. Economy
9:12 Reflections on the Recent Election
10:05 Financial System Stability
13:35 The Art of Excess
14:58 The Impact of AI
16:21 Value in Asset Classes
28:48 Speculation and Risk
32:23 Managing IRA Investments
36:01 Strategies for Successful Investing

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US High, Them Low? Dec 03, 2024

In this first part of Saturday's radio show:

4:52 International vs. U.S. Investments
12:43 Planning for Retirement Taxes
14:13 The Importance of Financial Advisors
16:48 Wills and Family Dynamics
19:24 Money Matters in Legacy Planning
21:18 Historical Perspectives on Wealth
23:30 Lessons from U.S. Presidents
29:42 Insights from "All the President's Money"

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Bad Markets Are Unpredictable Nov 27, 2024

In this edition:

0:39 Market Crashes and Personal Memories
5:05 Technology and the New Market Paradigm
7:34 The Real Estate Bubble of 2007
10:38 Predictions and the 2008 Financial Crisis
13:31 The Challenge of Predicting the Future
21:25 Year-End Money Moves to Consider
26:10 Evaluating Investments: Newsmax IPO Question
32:17 Social Security Strategies for Couples

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Good Advice is Rare Nov 26, 2024

On today's show:

1:26 Financial Advisor Red Flags
6:15 The Importance of Transparency
9:05 Trust Your Financial Advisor
10:48 Green Flags in Financial Advising
11:54 Avoiding Common Misconceptions
16:38 Bad Advice in Retirement Planning
19:01 Questions About Investment Strategies
25:15 Listener Questions and Answers
34:56 Upcoming Events and RetireMeet 2025

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Fed's Limits Nov 26, 2024

In this episode:

0:29 Understanding Interest Rates
3:00 The Housing Market Dilemma
5:58 Investing vs. Lifestyle Decisions
9:07 Emergency Fund Strategies
15:22 Exploring the TSP Changes
22:52 Fees and Fund Considerations
27:30 Balancing TSP and IRA Accounts

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Tom + Roxy + Qs Nov 22, 2024

In this week's Q&A:

0:26 Starting with Successful Investing
3:35 Transitioning to Your Questions
4:45 Exploring Inflation and Purchasing Power
8:56 Navigating 401k Changes
13:50 Managing High-Cost Funds
17:31 Understanding ETFs vs. Mutual Funds

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Even Bad Ones Worked Nov 20, 2024

In this episode:

1:17 Just Invest in Something
5:08 Portfolio Management Strategies
7:07 Insurance and Car Accidents
11:58 Emergency Funds in Retirement
12:54 Home Equity Considerations
23:46 Managing Debt and Savings
26:11 Retirement Planning Thoughts

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Oracle of Omaha Timing? Nov 19, 2024

In the first hour from Saturday's show:

1:31 Is Buffett Sends a Message?
18:20 The Perils of Timing the Market
19:42 The Mystery of Warren Buffett
20:04 Analyzing Investment Strategies
20:13 Understanding Portfolio Diversification
20:15 Managing Retirement Income
20:20 The Importance of Proper Planning
20:23 The Fight Against Financial Misinformation
20:33 Navigating Social Security Concerns
37:14 Preparing for the Future at RetireMeet

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What's in Your Wallet? Nov 18, 2024

On today's show:

5:21 State of America's Wallet.
9:10 Credit Card Conundrum.
10:36 The Car Cost Crisis.
12:50 Housing Market Woes.
14:45 Future of Financial Advisors.
19:19 Navigating Advisor Changes.
25:28 Dividend Dilemma.
28:50 Understanding High-Dividend Stocks.

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Don Answers More Nov 15, 2024

In today's Q&A:

4:13 Non-Qualified Annuities Explained
9:37 Roth Contributions and Eligibility
12:01 Preparing for Retirement Gaps
16:48 Diversifying Your Investments

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Myth, Lies, and Mistakes Part 2 Nov 14, 2024

In the second past or our special edition:

0:27 Introduction to Myths and Mistakes
3:07 The Importance of Diversification
9:35 Debunking Investment Complexity
12:06 Understanding Risk in Investing
15:26 The Zero Sum Game Myth
17:42 Recap of Key Myths and Mistakes

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Myths, Lies, and Mistakes 1-5 Nov 13, 2024

In part one of our two-part special:

0:33 Introduction to Myths, Lies, and Mistakes
4:26 Myth One: I Got a Guy
5:21 Myth Two: The Future Can Be Predicted
11:00 Myth Three: Starting Too Late
14:47 Myth Four: Wealth Without Risk
19:02 Myth Five: Believing in Individual Stocks

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Real (Estate) Returns? Nov 12, 2024

In today's episode:

0:32 American Dream of Home Ownership
3:36 Renting vs. Owning
7:40 The True Cost of Homeownership
12:22 Real Estate as an Investment
14:57 Inheriting Retirement Savings
16:20 Questions from Listeners
18:57 Building Wealth Sensibly

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Safety Specters Nov 11, 2024

To start a new week:

0:27 Safe Investments Unveiled
1:16 Meme Stocks and Market Risks
3:18 The Fragility of Commercial Real Estate
5:27 The Illusion of AAA Ratings
7:52 Investing Beyond the Illusion of Safety
11:32 The Dangers of Chasing Yield
12:41 Financial Planning vs. Target Date Funds

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More Friday Questions Nov 08, 2024

Here are this Fridays Qs and As:

2:07 Converting Traditional IRA to Roth
7:32 Simplifying Financial Jargon
10:45 Roth 401k Allocation Advice
13:53 Evaluating the Stash App

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Market Melancholy Nov 07, 2024

In This Podcast:

0:29 LatestPhone Scam
2:24 Connections Between Money and Mental Health
6:46 Understanding Antidepressant Trends
9:23 Media's Role in Financial Anxiety
10:14 The Importance of Keeping a Journal
11:21 Long-Term Thinking for Financial Health
14:01 Homeowners Association Woes
14:36 Managing a 401k Profit Sharing Plan
18:41 Diversifying Bond Investments

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Bona Fides Fibbers Nov 06, 2024

On the second half od Saturday's radio show:

2:20 The Smarmy Side of Financial Advice
3:20 Trust Washing and Ethical Standards
4:58 Paying for Credibility
7:01 Finding the Right Financial Advisor
10:31 The Importance of Fiduciaries
11:56 Checking Disciplinary Histories
14:09 Creating Income from Investments
18:16 Bond Ladders Explained
19:54 Health Issues and Retirement Thoughts
21:05 Inheriting Stock Portfolios
32:11 Evaluating Inherited Stocks
33:39 Vanguard's Big Changes

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Ridiculous Risks Nov 05, 2024

In this first hour of Saturday's show:

1:23 Game Time Decisions
3:16 The Impact of Sports Betting
5:10 Gambling vs. Investing
8:47 The Appeal of Instant Gratification
10:37 The Risks of Individual Stocks
21:00 Home Bias in Investing
23:19 The Dangers of Company Loyalty
30:06 Evaluating Robo-Advisors
33:26 Charitable Giving Strategies

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Hearing from Haters Nov 04, 2024

In today's episode:

0:26 40 Years of Thick Skin
2:11 Worst Reviews Uncovered
5:18 Complexities of Social Security
13:01 The Close of the Reading
14:10 Economic Landscape Discussion
17:37 Look at All 401k Fees

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How Do You Pay 'Em? Oct 31, 2024

Please note that there will be no 11/1/24 Q&A episode. Don is out of commission for a few days.

In Thursday's episode:

0:29 Understanding Financial Professionals
2:42 Choosing the Right Advisor
4:40 Types of Financial Compensation
6:49 Distinguishing Financial Advisor Roles
9:54 The Importance of Fiduciaries
11:48 Avoiding Common Pitfalls
15:15 Questioning Retirement Strategies
20:44 Evaluating Investment Guarantees
21:49 Comparing Investment Options

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Advisor Makes More? Oct 30, 2024

In this episode:

0:59 A Double Dipping Advisor
3:41 The Flaws of High Fees
9:01 Understanding Investment Classes
15:12 Simplifying Investment Strategies
19:40 The Burden of Household Debt
21:49 The Psychology of Debt
24:29 The Costs of Luxury Cars
27:59 Considering Roth Conversions

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Pension Envy Oct 29, 2024

In this episode:

3:22 The Pension Predicament
4:42 Retirement Funding Choices
5:10 Historical Perspective on Retirement Plans
7:57 Today’s Retirement Landscape
10:07 Future of Pensions
14:03 No Guarantees in Retirement
14:34 Importance of Retirement Planning
15:54 Listener Question: 401k Strategies
19:37 Halloween Spending and Traditions
24:51 Cost of Halloween Treats
28:15 Candy Industry Insights
30:45 Fidelity ETF Discussion

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Crypto Creeps Oct 28, 2024

On Today's Show:

0:29 Crypto Internet Dirt Bags.
4:22 Crypto Scams and Market Warnings.
8:11 Advertising and Podcast Integrity.
10:40 Bitcoin Predictions and Speculations.
12:58 Social Security Strategies and Timing.

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A Few More Questions Oct 25, 2024

On Today's Q&A:

1:30 Bond Investment Questions
6:00 Understanding Bond Market Fluctuations
9:30 Schwab Intelligent Income Explained
12:09 Transitioning to Vanguard Roth IRA

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We Want It All Oct 24, 2024

From Saturday's Show, Hour Two:

1:28 Market Shifts and Inflation Realities
3:23 Real Rate of Return Explained
5:10 Listener Call: Retirement Investment Strategies
8:07 Converting IRAs and Tax Planning
10:38 Social Security Decisions and Strategies
13:48 The Cost of Waiting for Social Security
15:56 Understanding Contingent Deferred Annuities
18:35 High Fees in Complex Annuities
19:58 Annuity Products and Their Risks
21:59 Listener Call: Inheriting Money and Risk
24:44 Risk Profile vs. Risk Tolerance
27:28 Evaluating Charitable Organizations
31:04 Year-End Giving Strategies
33:50 The Importance of Charity Transparency
37:07 Investment Fund Comparisons

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Bull's Second B'Day Oct 23, 2024

Here is Saturday's show, Part One:

1:22 The Bull Market Anniversary
1:50 Understanding Market Fluctuations
5:28 The Role of Diversification
12:37 The Truth About Financial Advice
17:20 Critique of Robert Kiyosaki
20:55 Inherited Roth 401k Options
24:55 Listener Investment Success Story
29:16 The Importance of Diversification
30:58 Exploring Market Timing and Performance

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Your Qs and Don's As Oct 18, 2024

This week:

2:42 Exploring 529 Plans and Retirement Strategies
4:17 Merch and Home Investments
5:26 Clarifying Roth IRA Rules
7:38 Advanced Tax Planning Insights
11:13 Evaluating Reverse Mortgages
13:56 Assessing Financial Strategies

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Death Insurance Needed? Oct 17, 2024

From the second half of Saturday's show:

0:28 Death Insurance: A Necessary Discussion
8:02 The Case Against Whole Life Insurance
9:53 The Ignored Mid-Cap Index Funds
11:45 Transitioning to Bonds: When Is Right?
18:45 Evaluating Real Estate Investments
22:23 Florida Condo Market Changes
22:37 Understanding Investment Recommendations
33:46 Retirement Funds: Where to Start?

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Stocks or Hurricanes? Oct 16, 2024

From last Saturday's radio show:

5:16 Hurricanes and the Stock Market
13:03 Predicting Markets vs. Hurricanes
15:33 The Role of Luck in Investing
20:27 Understanding Bid-Ask Spreads
24:43 Market Orders Explained
34:03 Portfolio Management Strategies

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Extinction Event? Oct 15, 2024

In today's holiday shortened week episode:

0:03 The Argentinosaurus of Investing
2:04 Can AI Predict Market Movements?
7:23 Will AI Outperform Index Funds?
11:29 The Rise of AI in Finance
14:40 Strategies for Your Brokerage Account
20:01 Final Thoughts on AI and Investing

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Four Qs for You Oct 11, 2024

In today's Q&A:

3:54 Question on 529 Plans
5:15 401k Considerations
6:57 Retirement Saving Strategies
9:46 ETFs and Fair Valuation

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Investing Innovations? Oct 10, 2024

In today's show:

2:07 The Rise of Exchange-Traded Funds
4:20 Active Management vs. Passive Strategies
6:40 Choosing the Right Funds
9:06 The Performance of Popular ETFs
9:50 Trends in ETF Closures
11:18 Listener Questions Begin
14:56 Navigating 403B Fund Options
16:59 Mortgage Refinancing Considerations

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Strange Return Boosters Oct 09, 2024

In today's podcast (from Saurday's show):

5:54 Second Opinions Matter
7:07 401k Myths and Realities
9:54 Diversifying Investments
15:10 Safe Investment Strategies
18:40 The Future of Retirement
22:57 Social Media and Finance
28:10 Understanding Hodgepodge-itis
29:28 Rental Income Insights
32:17 Roth Conversion Strategies

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Index Imperfections Oct 08, 2024

From the Live Saturday Show:

0:03 Asheville Flooding Update
2:52 Introduction to Investing
6:29 The Pitfalls of Sector Investing
10:25 Importance of Diversification
14:47 The Role of Market Safety
17:44 Understanding M1 Finance
20:31 Critique of Private Credit
25:54 Risks of High-Yield Investments
30:31 Academic Perspectives on Alternatives

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Bet on the Best? Oct 07, 2024

We start the week with:

0:04 Stock Picking Realities
7:33 Retirement Accounts and Health Savings Accounts
8:56 Living Abroad in Retirement
11:34 Experiences in Chattanooga
14:20 Set It and Forget It Funds

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Another Week of Qs Oct 04, 2024

Questions answered about:

3:58 Retirement Contributions and Strategies
6:18 Selling the Airstream: A Personal Update
7:53 Roth IRA Questions Answered
11:12 Trusts and Estate Planning
14:42 Complex vs. Simple Investment Strategies

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Social Security Strategies Oct 03, 2024

On today's show:

0:04 Social Security Decisions
8:49 Investment Strategies for Retirement
9:07 Roth IRA Conversion Insights
14:30 Exchange-Traded Funds Explained
17:46 Closing Remarks and Resources

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Neglecting Your Cash? Oct 02, 2024

In today's edition of TRM:

1:21 Interest Rate Changes and You
20:42 Inheriting and Managing Stocks
23:47 Advice Sources in the Digital Age
28:59 Understanding Market Reactions
35:45 The Reality of Investment Promises
36:44 Stock Market Speculations and Risks

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Predictive Powers? Oct 01, 2024

In today's show:

6:18 The Crystal Ball Challenge
10:03 Predictions and Market Efficiency
14:11 Reflections on Market Predictions
18:20 The Nature of Financial Forecasting
27:18 Role Models in Investing
35:04 International Stock Fund Recommendations

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Special Investments? Sep 30, 2024

In today's edition:

0:04 Introduction to Financial Types
2:43 Hedge Funds and Their Performance
5:22 The Illusion of Special Investments
5:51 Smart Investing Without Being Special
11:19 Questions from Listeners
14:19 The Fallacy of Predicting the Future

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Friday in Florida Sep 27, 2024

It's Q&A Day:

4:20 401k and Retirement Guidance
6:56 Investment Decisions with Real Estate
9:16 Risk Management in Business Ventures
11:59 Small Cap Value Allocation
16:47 Diversification with Small Cap Growth
18:26 Emerging Markets in Investment Strategy

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Sizzle to Fizzle Sep 26, 2024

In this podcast:

0:04 Remembering Bob Brinker
2:17 Hot Investments Today
7:32 Thematic Investing Challenges
8:22 Timing the Market Dilemma
12:18 The Dollar's Future
14:40 AJ's Financial Questions
20:24 Looking Ahead to Retirement

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Really Need Insurance? Sep 25, 2024

In today's edition:

1:05 Misleading Money Media
2:47 Who Needs Life Insurance?
9:40 Annuity Sales Grew
11:03 Move to a TAP Annuity?
19:31 How Long Will You Live?
25:22 Buy Bitcoin to Afford a Home?
35:17 Small Cap Annual Returns

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Lower Interest Impact Sep 24, 2024

In today's show:

0:01 The Federal Reserve's Role
5:06 Interest Rates and Their Impact
9:33 The Confusion of Rate Cuts
14:16 The Risks of Market Timing
15:34 The Danger of Misinformation
20:53 Meme Stocks and Their Longevity
25:11 Understanding Palantir
27:06 Social Security Decisions
33:34 The Importance of a Financial Plan

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Do We Need More ETFs? Sep 23, 2024

In this episode:

2:44 The Rise of Investment Funds
6:17 The Dangers of Single Stock ETFs
14:07 Understanding 1031 Exchanges
20:39 Engaging with Our Audience
22:12 The Debate on Active Bond Management
27:03 The Challenges of Active Fund Management
35:55 Navigating the Market Landscape

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Typical Investing? Sep 17, 2024

In this exciting edition:

0:03 Introduction to Financial Normalcy
3:50 The Retirement Worry
6:28 The Gray Area of Investing
13:23 The Importance of a Financial Plan
21:03 Portfolio Questions and Strategies

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Tom and Roxy Q Sep 13, 2024

In this Q&Apisode:

0:04 Stock Market Insights
3:05 Questions from Listeners
3:31 International Investment Concerns
8:45 Portfolio Housekeeping
11:53 Charitable Distributions Explained
14:35 401(k) Allocation Strategies

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Still Make Cents? Sep 12, 2024

Today, we discuss:

5:34 The Case Against the Penny
7:12 Daylight Savings Time Debate
8:27 Worthless Financial Instruments
11:24 The Cryptocurrency Conundrum
13:14 Rollover Strategies Explained
23:00 The Weirdness of Today’s World

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Invest in Elections? Sep 11, 2024

In this episode:

1:54 Election Investing and Other Gambling
6:40 Understanding Financial Futures
14:32 Navigating Roth IRA Withdrawals
20:16 The Importance of Financial Planning
26:53 Pay Yourself First
28:57 Target Date Funds Explained
38:25 Transitioning to Vanguard

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High Yield's Price Sep 11, 2024

In this episode:

1:29 The High Price of High Dividends
18:35 The Importance of Staying Invested
21:04 Market Fluctuations and Trading
29:08 Understanding Asset Allocation
31:56 The Value of Asset Location
35:39 Rebalancing for a Better Portfolio

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Election Effects Sep 10, 2024

To start the week we tackle:

0:03 Election Biases and Money
2:17 Overcoming Recency Bias
3:34 Strategies Against Bias
6:42 Understanding Market Cycles
11:22 International Investment Options
13:30 Listener Questions and Insights

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A (Very) Few Qs Sep 06, 2024

In the shortest Friday Q&A show ever:

2:20 Retirement Lump Sum Concerns
4:28 Transitioning Investment Accounts
6:58 Disclaimers and Financial Advice

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High Return Dangers Sep 05, 2024

In this episode we discuss:

3:17 The Illusion of High Returns
6:23 The Importance of Second Opinions
20:42 Charitable Giving Strategies
24:04 Transitioning from Real Estate
27:20 Tackling Hodgepodge-itis
35:25 The Role of Financial Planning

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Reached the TIPping Point Sep 05, 2024

In this episode,

We explore the tip request explosion in America.
We discuss the stock markets' recent performance.
A caller shares his thoughts on retirement.
How should twenty-somethings invest for retirement?

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Your "Magic" Number? Sep 03, 2024

In today's post-holiday episode:

2:42 Preparing for Retirement: Key Considerations
8:54 The Importance of Professional Financial Help
10:58 Embracing Flexibility in Retirement Planning
15:29 Debating Gold as an Investment
15:45 Target Date Funds: Pros and Cons
19:19 Engaging Listener Questions
21:28 A Funny Encounter with AI

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A Few Questions for Don Aug 31, 2024

Topics of today's questions:

2:14 Long-Term Care Insurance Insights
14:51 Evaluating ETFs for Downside Protection
18:25 Managing Debt with HELOC Strategies
23:36 Portfolio Management for Retirement

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Buy and Sell Automatically Aug 30, 2024

This edition's discussion:

3:08 The Importance of Rebalancing
6:40 Understanding Risk and Volatility
12:13 Inherited Wealth Decisions
15:29 Comparing Exchange-Traded Funds
20:05 The Future of Investments

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Misleading Headlines Aug 28, 2024

In this episode:

1:36 Creative Fear-Mongering Editing
11:28 Fund Recommendations and Confusion
14:30 Clarifying Financial Advice
20:36 Investment Education for Young People
21:06 Personal Finance Adventures
26:04 The Luck of Investing
27:08 Understanding Hodgepodge-itis
36:04 Navigating Complex Investments

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Your Own Worst Enemy Aug 28, 2024

In this episode:

0:04 Financial Exorcism
5:09 Index Fund Realities
15:03 Understanding Market Behavior
21:22 Navigating Retirement Challenges
23:30 Managing Unexpected Wealth
28:20 Lazy Portfolio Strategies
34:17 Healthcare Solutions for Early Retirees
40:52 Behavioral Investing Insights

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Questions for Tom & Roxy Aug 23, 2024

In this special Q&A episode:

5:52 Listener Questions Begin
7:53 Paying Off Debt vs. Investing
8:43 Retirement Savings Strategies
10:21 Employee Stock Purchase Plans
14:37 Risk Management in Retirement
16:10 Finding Purpose in Retirement
16:33 Building a New Home
22:22 Financing vs. IRA Withdrawals
23:50 HSA vs. Roth Contributions

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Bonds No Longer Bad? Aug 22, 2024

In this episode:

2:35 The Bond Debate
5:07 Alternatives to Bonds
6:47 Evaluating Long-Term Investment Options
9:56 Listener Questions Begin
16:39 Financial Decisions and Strategies

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Financial Fortification Aug 21, 2024

From last Saturday's radio show:

1:23 Understanding Investment Scams
4:58 Protecting Your Identity
7:25 The Downsides of Credit Freezing
9:04 Importance of Two-Factor Authentication
10:02 Roth Conversion Strategies
12:36 Navigating Social Media Confusion
15:11 The Model Military Aircraft Museum
17:21 Analyzing ETF Recommendations
22:15 Simplifying Investment Strategies
27:39 The Role of a Fiduciary Advisor
33:35 Tailoring Financial Advice for Pilots
35:07 Security for Social Security Numbers

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Home Sales Changes Aug 20, 2024

In this episode, Tom and Don discuss:

5:27 Tech Wonders and Real Estate
13:47 The Changing Landscape of Real Estate
21:14 Navigating Financial Security
21:34 Listener Questions and Insights
26:55 Understanding TIPS and Bonds
28:01 The Importance of Financial Clarity
36:55 Economic Insights and Market Behavior
37:21 Apple’s Vision Pro Experience
40:14 Selling the Airstream: A New Adventure

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Q&A Delay Aug 19, 2024

As Don was actually vacationing, here is last Friday's episode a few days late:

4:06 SIPC Insurance Explained
6:43 Fiduciary Duty and Insurance Companies
8:23 IRA vs. 401k Protection
10:23 Seeking Source Material
14:17 Finding the Podcast
16:36 Connecting with Advisors

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Tough Topic Aug 19, 2024

As Don was actually vacationing, here is last Thursday's episode a few days late:

1:03 The Money Talk Dilemma
1:45 Power Dynamics in Financial Discussions
2:01 Evolving Perspectives on Money Talks
3:08 Historical Context of Money Discussions
4:14 Maintaining Financial Independence
5:05 Joint or Separate Bank Accounts?
6:04 Initiating Money Conversations
7:13 Frequency of Money Talks
8:00 Long-Term Financial Planning
10:07 Dealing with Fixed Incomes in Retirement
11:03 Setting Financial Approval Limits
11:35 Seeking Professional Financial Guidance
12:49 Psychological Impact of Financial Control
14:08 Pitfalls of Structured Notes
17:28 Maximizing Saving Opportunities
18:06 Legal Recourse for Mismanaged Investments
20:25 Seeking Financial Assistance

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Index Issues Aug 14, 2024

As Tom and Don meet up at Lake Chelan, they discuss:

2:58 Index Fund Disadvantages
13:56 Market Decline in September
21:47 Avoiding the Herd Mentality
27:40 Overcoming Hodgepodge-itis
36:26 Airstream Adventures
40:31 Meet with an Advisor

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Ultimate Volatility? Aug 13, 2024

In this episode, Tom and Don are in the same room discussing:

6:38 Securing Your Financial Future
10:27 Understanding Risk Tolerance
14:22 The Insurance Industry's Self-Interest
16:50 Bonds: From Bad to Good
20:51 The Big Moving Sale: Silver Bullet Airstream
21:38 The Legend of the Chelan Sea Monster
23:23 Retirement Portfolio Diversification
27:24 Overcoming Hodgepodge-itis in Investments
28:26 Managing Fear of Market Volatility
32:32 Importance of a Holistic Financial Plan
38:55 Tailoring Investments to Financial Needs

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Answers from Chelan Aug 09, 2024

This week Don takes questions about:

2:00 Investing for Grandson
4:14 Evaluating 401k Investments
6:50 Revising Investment Portfolio
8:10 WEP and GPO Discussion
19:34 Small Cap Value Index Funds

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Fiduciary Rule Falls? Aug 08, 2024

In another traveling episode, we discuss:

1:01 Retirement Savings Importance
2:10 Court Ruling Impact
3:59 Common Retirement Mistakes
6:25 Failing to Maximize 401k Benefits
8:19 Borrowing from 401k Risks
10:12 The Importance of Asset Allocation
11:17 Traditional vs. Roth 401k Considerations
13:44 Financial Planning Importance
14:33 Variable Annuities Dilemma
17:33 Equities in Short-Term Portfolios

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Old Fund Idea Fails Aug 07, 2024

Don joins Tom from a dairy farm in Elk, Washington to explore the history and structure of closed-end funds. They discuss a recent fund by Bill Ackman, highlighting high fees compared to ETFs. Listeners seek advice on simplifying their portfolios with recommended funds like AVUV, AVGE, and VT. Don and Tom suggest allocation strategies based on risk tolerance and financial goals, stressing the importance of comprehensive planning with varied income sources. The conversation shifts to retirement planning, emphasizing the need for long-term strategies considering life expectancy and financial dynamics for couples. Don addresses differences in retirement perceptions between genders. The episode wraps up with Tom’s corny cow-themed jokes.

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Stocks Stumble Aug 06, 2024

Don and Tom from "Talking Real Money" talk about the end-of-the-week stock market decline and put equity investing in perspective. Then they discuss recent changes in retirement savings plans. They mention that catch-up contributions for those making over $145,000 a year will now have to go into Roth 401ks instead of traditional ones. They also touch on no more required minimum distributions (RMDs) from Roth 401k plans and new options for Roth contributions in SEP IRAs and simple IRAs. They note changes in penalties for missed RMDs and other updates for retirement planning in 2025. They emphasize the importance of diversification and sticking to a long-term investment strategy, despite fluctuations in the market and new regulations.

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Q&A Away Aug 02, 2024

Don's taking your questions as he sits in Montana for a moment:

2:51 Simplifying Investment Management
10:49 Choosing the Right Bonds
13:14 Tax Implications of Selling Property
16:55 Establishing a Trust for Inheritance
17:52 Lump Sum vs. Monthly IRA Contributions

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Are You Special? Aug 02, 2024

As Don continues to traverse the country, he and Tom talk about:

0:04 Nearing Normalcy
2:21 Special Investments Not So Special
4:11 The Top 10 Investments
4:53 Investing in Crypto
7:39 Trouble with Special Investments
11:15 Fees and Higher Costs
12:47 Ignoring Risky Investments
16:42 Career Change Advice

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IRAs Losing Billions Aug 01, 2024

In this episode, Don is dealing from Deadwood, South Dakota:

2:05 Answering Money Questions on the Move
11:48 Investing Dilemma: What to Do with $50,000?
15:13 Overcoming Hodgepodge-itis
20:13 Annuitizing Annuities: A Dubious Deal
26:21 The Risks of Annuities and Index Funds
35:09 Dangers of Misguided Advisor Recommendations
37:17 Red Flags in Investment Advice

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Fiscal Fallacies Jul 31, 2024

Don keeps traveling west as we discuss:

2:11 Change in Location, Change in Discussion
3:19 Fallacies of the Past
4:22 Social Security Beliefs
6:31 Misconceptions about Equity Returns
9:10 Misconceptions about Indexing
12:06 The Persistence of Myths
18:45 Complexity vs. Simplicity
29:23 Home Team Bias
35:25 Cicadas and Misunderstandings
37:46 Gracious Midwest Visitors

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A Tom & Roxy Q&A Jul 26, 2024

In this Q&A episode:

0:04 The Shiny Object Syndrome
1:10 The Top Stock Funds
3:46 Lessons from Janus Funds
5:40 Roth IRA Contributions Dilemma
8:30 Considerations for Traditional IRA
9:06 Inherited 401ks and IRAs
13:34 401k Match vs. Traditional IRA
16:31 Don't Miss Out on Free Money

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Presidential Preference? Jul 26, 2024

Wes Crill from Dimensional Funds joins us to discuss:

1:47 Election Anxiety
3:51 Presidential Concerns
6:03 Market Concentration
7:37 Diversification Dilemma
10:15 Small Cap Superiority
10:56 Global Market Balance
14:18 Rebalancing Challenge
16:10 New Market Highs
17:18 Equity Portfolio Strategy
23:43 Crypto Curiosity

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On the Road in Wisconsin Jul 24, 2024

Tom meets Don and listeners in Madison, Wisconsin:

0:35 Welcome to Talking Real Money live from Goodland Park
8:19 The insurance industry's challenge with transparency
12:34 The importance of recognizing ethical financial advisors
24:19 The importance of financial literacy for investing
31:26 Making informed decisions about high-interest savings accounts
36:13 Wrapping up the show in Madison, Wisconsin

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More Return Adds Risk Jul 24, 2024

Tom meets Don on the road trip in a park in Madison, Wisconsin:

0:04 The Corn Chronicles
1:33 Ethanol Insights
5:31 Financial Decisions
7:32 Risky Yields
10:44 Insurance Insights
13:06 Too Good to Be True
17:00 Retirement Dilemma
25:05 Portfolio Simplification

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Leave Nothing? Jul 20, 2024

In this Q&A session:

0:07 Die with Zero concept and spending for experiences
1:37 Audience member's humorous desire for a bounced check
9:22 Bill Perkins' extravagant birthday celebration and giving away wealth
11:19 Importance of enjoying life and family experiences
13:53 Valuable life lessons and considerations on money management
17:22 Avoiding risky investments when saving for short-term goals
18:36 Precautions and considerations for Roth conversions
20:25 Impact of Roth conversions on Social Security and taxation

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Younger Investors Smarter? Jul 18, 2024

Tom is back for a new episode featuring:

0:04 Welcome Back Banter
5:01 Shifting Investment Trends
7:13 Generational Investing Shifts
12:27 The Pitfalls of Trading
15:29 VTWAX vs. VT
17:59 Asset Allocation Adjustment
19:36 Advisor Interview Form Review

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Why Small Cap Stocks? Jul 17, 2024

In today's episode:

3:31 The Dow and Small Company Stocks
6:37 The Value in Small Cap Investing
13:01 Beware of Gimmickry in Investing
15:06 Understanding Risky Investment Strategies
21:09 Get a Second Opinion for Your Financial Future
27:42 Overcoming Hodgepodge-itis in Your Portfolio
36:44 Recommendations for Small Cap Value Funds

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Insurance+Investments=Issues Jul 17, 2024

In what was supposed to be the Tuesday podcast:

1:46 The Truth About Annuities
5:37 A Bright Financial Future
6:25 Financial Decisions Made Easy
6:43 Slamming the Insurance Industry
7:03 Properly Placed Annuities
7:16 Beware of Variable Annuities
16:52 Basket Portfolios and ETFs
27:33 Overcoming Hodgepodge-itis
30:43 Prioritizing Financial Goals
35:14 Universal Life Insurance Dilemma
36:41 Summer Adventures and Updates

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Travelin' Answer Man Jul 12, 2024

In this Q&Apisode:

0:04 On the Road Again
5:24 Planning for Retirement
8:58 Handling Inherited Accounts
13:08 Maximizing Retirement Savings
14:24 Balancing Investment Focus
18:48 Role of Real Estate in Portfolio

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Another Show with Joe Jul 11, 2024

Joe Saul-Sehy from Stacking Benjamins joins Don again to discuss:

3:09 Financial Planning Teaching Methods
8:23 Taxation and Financial Planning History
12:25 Efficacy of Fee-Only Planners
16:58 Transition to Lower Commission Annuities
21:10 Portfolio Analysis and Index Fund Consideration
26:54 Stoicism and Investing Philosophy
29:06 Road Trip Update

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Stock Picking Fails Jul 10, 2024

Another episode on the road:

0:03 Bad Year for Stock Pickers
3:24 Property Value and Lease Analysis
4:35 Triple Net Lease Concerns
5:19 Seeking a Second Opinion
5:31 Fiduciary Advisors at Apella
6:18 Creating a Bright Financial Future
13:17 Starting a Retirement Plan
15:02 Retirement Planning for Contractors
25:24 Reality Radio and Index Funds
27:03 Treating Hodgepodge-itis
28:44 Retirement Planning for Special Needs Children
37:27 Diversification with Vanguard

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Better Berries, Bad Banks Jul 09, 2024

As Don continues his travels, we discuss:

0:03 On the Road Again
5:41 Berry Talk
8:11 Financial Philosophy
12:39 Protecting Your Investments
20:56 Family Inheritance Dilemma
24:48 Setting Expectations
27:36 Overcoming Hodgepodge-itis
33:53 Portfolio Allocation Concerns
36:58 Banking Fees Deception

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Tom & Roxy Q&A Jul 06, 2024

In this Q&A episode:

1:49 The Dangers of Following Market Trends
4:27 Making Decisions Based on Future Feelings
4:58 Investing for Yourself, Not the World
5:19 Welcoming Roxy Butner to the Studio
5:31 Question from Jane about Robo-Advisors
10:24 Estate Planning and Trusts
13:35 Exploring Annuities in Retirement Accounts
18:25 Retirement Planning with Thomas from New Jersey
25:39 Importance of Financial Planning in Retirement

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Investing Should Be Dull Jul 03, 2024

Another exciting episode from the mountains of North Carolina:

0:03 Introduction to the Journey
2:40 Looking for exciting investments?
7:45 Importance of Seeking Second Opinions
9:23 Retirement Planning and Investment Allocation
11:05 Sustainable Withdrawal Rate in Retirement
21:43 Investing Should Be Boring
24:32 Discussion on Avoiding Capital Gains Taxes
28:09 Seeking Treatment for Hodgepodge-itis
34:22 Push for Consumer-Centric Financial Industry
38:25 Challenging Live Show Amidst Rainstorm

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Five Feels Fine Jul 02, 2024

Here's the first true "On the Road" edition:

0:04 On the Road Woes
4:09 Temptation of the S&P 500
13:25 Technical Challenges Resolved
14:24 The Dumb Duo of Investing
14:56 Investment Horrors Unveiled
15:33 Real Estate Syndicates Warnings
25:22 Portfolio Purpose Planning
29:46 Avoiding High Fee Traps
34:18 Great American Road Trip Ahead

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While the Tom's Away... Jul 01, 2024

Join Don and Joe Saul-Sehy from Stacking Benjamins as they discuss:

0:04 The Secret Coup
1:27 Stacking Benjamins
3:07 The FIRE Movement
9:18 Work and More
12:22 Retirement Realities
14:56 Retirement Reimagined
17:39 The Power of Need
19:05 Unveiling the Box
21:53 Understanding Complexity
25:03 Analyzing ETF BOXX
26:25 The Greatest Money Show on Earth

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Friday Q's on Saturday Jun 29, 2024

Don is on the road, so Friday's Q&A is a bit late:

1:28 Maximizing Financial Aid Strategy
4:06 Investing in Individual Stocks
7:49 Converting 401k to IRA
11:37 Creating a Glide Path

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Gradual Change Jun 28, 2024

In this episode:

0:03 Slow Roll into Retirement
2:38 Working Beyond Retirement Age
4:38 Managing Retirement Portfolio Successfully
7:48 Housing Dilemma
9:18 Mutual Funds vs. ETFs
14:34 Owning Multiple Houses
16:46 Long-Term Housing Plans

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State Retirement Costs Jun 27, 2024

In this edition:

13:09 Exploring Retirement Costs Across the Country
20:44 Importance of Second Opinions in Investing
29:31 Exploring Anti-ESG Funds
35:02 Disputing Charges on Credit Cards

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Dumb and Dumber Jun 25, 2024

In this episode:

1:34 Don's Dumb Duo
5:23 Get a Second Opinion
8:40 The Value of Gold
11:43 Financial Planning Challenges
14:55 Roth Conversions Advice
16:57 Schwab and Fidelity Comparison
19:50 Clarification on Bond Holdings
22:06 After-Tax Contributions in 401k
29:46 Disagreement on Alternative Investments
33:56 Caution on Private Credit Investments
37:08 Risks of Alternative Investments

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Dimensional's Matrix Book Jun 25, 2024

In today's show:

0:04 Slipping into the Matrix
5:01 The Fascination with Market Capitalization
9:45 The Importance of Diversification
13:14 Understanding Pension Plan Options
16:59 Annuities vs. IRAs: Which is Better?
19:16 Opportunities for Financial Guidance

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Q&A with Tom & Roxy Jun 21, 2024

In this Question and Answer Episode:

0:04 The Gold Rush: Physical vs. Financial
1:18 The Speculation of Gold
3:05 Investing Insights: Stocks vs. Gold
4:36 Q&A with Roxy Butner
5:06 Roth IRA Dilemma: Lump Sum or Dollar Cost Average?
8:06 Portfolio Makeover: Fund Reallocation
11:17 Retirement Planning: Managing 403b and 401k Funds
14:45 Understanding Fund Gains: Net vs. Gross
16:41 Financial Evolution: Trends in Investor Questions
18:23 Special Announcement: Retirement Reprise Event

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Emotional Manipulation Jun 20, 2024

In this episode we discuss:

0:04 Investment "Cheesecake"
1:46 Market Predictions: To Worry or Not to Worry
1:53 Stock Market History: Looking Back and Moving Forward
6:41 The Unpredictable Future: Market Speculations
9:56 Market Timing Dilemma: Selling and Buying Strategies
16:15 Retirement Investment Queries: Bond Funds and Risk Tolerance
18:49 Evaluating Investment Providers: Avoiding Gimmicks

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Parental Influences Jun 19, 2024

In this show we discuss:

1:12 Parents' Influence on Money Behavior
2:22 Impact of Childhood Money Habits
9:45 Retirement Dilemma Discussion
13:45 Tax Planning Considerations
17:00 Managing Real Estate Assets
20:49 Annuity Evaluation Guidance
24:46 Selecting Investment Funds in 401k
29:08 Annuity Liquidation Tax Implications
32:01 Annuity Sales Pitch Awareness
35:30 Indexed Annuities Podcasts Overview

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Self-Fulfilling Profits, See? Jun 18, 2024

In this episode:

3:40 A Potential Problem with Some ETFs.
10:12 Understanding Standard Deviation in Investing
14:34 Holding a Diversified Portfolio
19:41 Comparing Avantis and Vanguard Funds
21:29 The Impact of Index Funds on the Market
26:19 Importance of Diversification in Investing
31:13 The Value of Target Date Funds
33:28 The Impact of Small and Value Companies
36:55 Housing Market Trends and Real Estate

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Advisors Lie Jun 17, 2024

In today's skeptical episode:

0:04 Introduction: The Importance of Trust in Finance
3:09 The Market's Trustworthiness: A Closer Look
5:29 Misconceptions About the Market: Zero-Sum Game
9:53 Addressing Market Manipulation and Trust Issues
13:42 Managing Emotional Responses to Market Fluctuations
17:04 Understanding the Long-Term Value of Market Investing
21:27 Analyzing High Beta and Exponential Tech Investments
23:46 Evaluating the Role of Financial Advisors
25:48 Dissecting Trust Company Practices and Fees

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Don Taking Questions Jun 14, 2024

Don takes on more of your queries:

1:45 Listener Experience with Vanguard and Robinhood
5:23 Taking Advantage of Robinhood's Promotion
6:45 Vanguard's New Fees and the $100 Exit Fee
10:08 Annoyance Fees and Pricing Structures
11:47 Exploring Fidelity's Brokerage Link Option
15:01 Historical Perspective on Stock Market Participation
21:18 Invitation to Seek Free Financial Advice and Join the Road Trip

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Rethinking Retirement? Jun 13, 2024

In this podcast:

0:04 Retirement Reflections
21:06 Stock Inclusion Dilemma
22:27 Managing Stock Movements
25:06 Value of Free Financial Help

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Where Ramsey's Wrong Jun 12, 2024

In this episode:

0:04 The Problem with Dave Ramsey's mutual fund advice
5:14 Importance of Second Opinions in Investing
11:21 Retirement Income Strategy and Dividend Reinvestment
16:07 Creating Income in Retirement
21:00 Financial Advice and Misinformation
27:15 Overcoming "Hodgepodge-itis" in Investment Portfolios
31:26 Comparison of Actively Managed and Index Funds
36:57 Caller Plays Back Seat Quarterback

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Seven Serious "Sins" Jun 11, 2024

When it comes to money, we make a lot of investing mistakes. Today, we talk about:

3:30 The Seven Deadly Sins of Wealth Management
14:59 Seeking a Second Opinion
21:05 Not Making Cash the King & Letting Dollars Be Lazy
22:50 The Purpose of Risk in Investing
32:42 Investing as a Means, Not an End
37:24 Importance of Guidance in the Decumulation Phase
38:43 Stop Dreaming, Start Doing

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Killer Premiums Jun 10, 2024

In this episode, we discuss the high price of home and auto insurance:

0:04 Midwest Storms and Insurance Costs
1:48 Home and Auto Insurance Rate Increases
4:03 Reinsurance Companies and Rate Hikes
5:23 Factors Impacting Insurance Rates
7:34 Dealing with Scammers and Identity Theft
11:35 Saving Money on Insurance Policies
13:33 Importance of Financial Planning in Retirement
19:19 A Little Chat About Scammers
22:46 Rebalancing and Risk Tolerance in Roth Accounts

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Friday is Question Day Jun 07, 2024

This week's topics:

1:19 Company Stock Purchase Program Dilemma
4:43 Investing Strategies for a 24-Year-Old
7:06 Listener Input on IPOs and Conservative Fund Options
10:05 Retirement Planning with a Large Investment Portfolio
13:36 Investment Decision for a Late 30s Individual
16:06 Retirement Investment Planning for a 64-Year-Old
19:17 Strategy for Investing Proceeds from Property Sale

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Vast Hidden Wealth Jun 06, 2024

In This Episode:

1:15 Inaccessible Home Equity
2:24 Tempting Yet Tricky Home Equity Options
3:31 Exploring New Financing Frontiers
4:01 The Evolution of Reverse Mortgages
5:07 Weighing the Home Equity Loan Dilemma
6:11 An Unconventional Option: Home Profit Sharing
7:11 Unpacking Home Profit Sharing Terms
8:45 Evaluating Alternative Financing Routes
9:21 Leveraging Home Equity Strategically
10:26 The Dangers of Early Mortgage Payoff
10:43 Knowledge is Key: Understanding Home Equity Options
15:07 Q&A: Understanding Investment Returns
16:09 Insight into Index vs. Personal Returns
17:43 Clarifying Investment Fund Recommendations

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The Dumb Dow Endures Jun 05, 2024

Topics in the episode:

2:02 The Dow Jones Industrial Average
5:23 Financial Second Opinions
10:35 Roth Conversions and Financial Planning
13:45 Trusting Financial Data
16:43 Financial Phone-In Questions
19:11 Vanguard Advisory Service Review
21:01 Managing Inherited IRAs
26:28 Diagnosis: Hodgepodge-itis
27:35 Importance of Financial Planning
33:09 Handling Unexpected Fees
37:59 Talking Real Money Road Trip

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What's Your Happy Price? Jun 04, 2024

Today we discuss:

1:00 Money and Happiness

5:31 Second Opinions

12:50 Microphone Woes

27:04 Hodgepodgeitis

37:04 Retirement Account Diversification

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Your Brain on Money Jun 03, 2024

Here's what in this episode:

1:02 Understanding the Psychology of Money

2:32 Rethinking Financial Advisor Terminology

3:27 Rise of Financial Therapy Certification

4:17 Impact of Money on Mental Health

7:17 Overcoming Financial Anxiety

10:58 Addressing Financial Concerns & Ideas

14:09 Tips for Managing Investment Emotions

19:27 The Purpose of Life Insurance

20:59 Adjusting Investment Allocation in 401k

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New Questions Week May 31, 2024

In this week's Friday Q&A:

1:52 ETF Purchasing Best Practices
2:53 Avoid Overthinking and Minutiae
5:37 Making Financial Decisions and Pension Options
7:51 Investing Strategy and Career Reset
11:24 Comfort in Financial Decisions
14:45 Long-Term Saving for Family
17:16 Importance of Financial Planning
18:53 Pension Drawing Decision

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Multi-Level Trading May 30, 2024

In this episode we discuss a trading staregy combined with a multi-level marketing scheme MLMs in general.

5:27 Second Opinions and Financial Decisions
8:49 Learning and Correcting Mistakes
12:37 Multi-Level Marketing and Trading Strategies
21:04 Warren Buffett's Timeless Advice
25:13 Investigating Ron Blue Investments
32:49 Researching the National Electrical Annuity Plan
36:38 The Graceland Financial Mystery
39:57 Preparing for College and Paying for It

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More Investing Mistakes May 29, 2024

In this episode, recorded on Saturday May 22:

0:04 Pre-Memorial Day Weekend Banter
4:00 Focus on Investing Mistakes with Christine Benz
4:54 Portfolio Building and Managing Mistakes
18:30 Being Patient vs. Hands-Off Investing
34:40 Discussing American Funds and Expense Ratios

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Don't Trust, Verify May 28, 2024

In today's episode:

0:04 The Trust Issue
2:43 Custodians and Fiduciaries
3:12 Finding True Fiduciary Help
3:53 Fee-Only vs Fee-Based
5:43 Various Compensation Models
8:02 Understanding Terminology
10:52 Brokercheck.org Exploration
12:08 Where to Find Trusted Advisors
13:56 Vetting Financial Advisors
15:38 Insurance Companies and Investments 19:30 Dealing with Large Stock Gains
23:13 Dealing with Tax Implications
25:10 Upcoming RetireMeet East Event

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Memorial Day Q&A May 24, 2024

In this episodes, Don answers listeners questions about:

3:15 Seeking a Fee-Only Fiduciary Advisor for Aging Parents
6:24 Uncovering Red Flags in Financial Advisor Disclosures
11:44 Evaluating the Dodge & Cox Income X Bond Fund
12:46 Importance of Reading Form ADVs for Investment Advisory Firms
18:17 The Aftermath of Removing Social Security
19:11 Understanding Mutual Fund Return Reports
21:24 Replacing Vanguard Bond Fund BND with Risky Alternatives

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Affinity Fraud May 23, 2024

In this episode:

1:16 Affinity Fraud in the Military
3:54 Unveiling Investment Fraud in the Military
11:57 Building Trust in Financial Relationships
14:00 Maintaining Boundaries in Financial Relationships
19:33 Trusting Third-Party Sources for Investment Information
23:43 Retirement and Investment Strategies

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The Value of Good Advice May 22, 2024

Can a fiduciary fee-only advisor make you more money, even after expenses. Vanguard says, "yes!" We talk about some of their findings and more:

3:53 Cost-Effective Implementation and Rebalancing
6:20 Financial Future and Advisor Second Opinions
7:16 Asset Location and Withdrawal Strategies
9:00 Hodgepodge-itis and Portfolio Simplification
11:57 The Vanguard Experience
14:30 The Importance of Seeking Advice Early
20:14 Backdoor Roth IRA Strategies
26:15 Hodgepodge-itis Treatment and Financial Future
28:57 Morningstar Ratings Debunked
31:51 Roth Conversions and Considerations
35:10 Evaluating Investment Fees at Wells Fargo
36:31 Simplifying Portfolios with TSP

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Roaring Kitty Returns! May 21, 2024

In this episode:

0.54 America's Obsession with New Media and Gurus
1:55 The GameStop Saga Begins
2:43 Reddit's Influence on GameStop Stock
3:33 Lessons from the GameStop Rollercoaster
5:20 Seeking a Second Opinion in Investing
6:19 The Stupidity in Following Stock Recommendations
7:03 GameStop Stock: A Question of Valuation
8:30 The Evolution of the Gaming Industry
8:54 What to Learn from the GameStop Frenzy
9:49 Investing vs. Speculation
12:05 Vanguard's Fiduciary Advisors and Financial Decisions
12:31 Importance of Getting a Second Opinion
15:03 Adjusting Investment Strategy for Retirement
15:31 Vanguard's Changes in Customer Service
16:45 Questioning Vanguard's Decision-Making
21:25 The Significance of Money in Your Life
26:34 Addressing Hodgepodgeitis in Your Investment Portfolio
27:34 Vanguard's Controversial Fee Changes
34:02 Strategies for Protecting Equities After Hours
36:46 The Remarkable Story of Dimensional Funds
38:26 Platforms for Investing: Schwab vs. TD Ameritrade
39:58 Resources and Information at TalkingRealMoney.com
40:49 Important Disclaimer and Legal Information

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Money for Millennials May 20, 2024

We don't often have guests, but we do, from time to time, invite some of the best minds in money management to join us. Author and financial educator, Dan Solin spends time with us this week to share some wisdom from his latest book, Wealthier: The Investing Field Guide for Millennials. We discuss buying a home versus renting, saving and investing for retirement, and the future of Social Security.

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Tom and Roxy Qs May 17, 2024

On the week's question and answer session, Tom and Roxy take written questions from listeners about:

Social Security spousal benefits.
Moving Emergency Cash
Short-Term Cash Options
Portfolio Diversification
AVGE vs. BND Allocation
Real Estate Sales and Tax Planning

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Retirement Income Evolution May 16, 2024

Was retirement really better in thge past? Have 401k plans been a retirement income benefit or detriment? Might there be a better way to insure a secure retirement income? We also explore the difference in long-term returns between large-cap and small-cap value stocks. Plus, we hear from listeners:

Why does the actual income from I-Bonds not match the stated rate?
Can income from a court settlement from a stock in an IRA be transferred into the IRA?
Is it better to take retirement income from investments annually, monthly, or as needed?
Looking for a quick portfolio review?
Is it okay to start spending extra money in retirement?

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They Need Complexity May 15, 2024

Beware of complex investments or those promising to provide higher returns using some financial sleight-of-hand. Higher returns always require some sort of tradeoff. There are no special systems to game the markets, long-term. Then, we hear from listeners:

He stayed in bonds and lost money, should he stick with them now?
How can current assets be grown to enough to support retirement needs?
Does it make sense to buy a second home on the beach?
How should a very conservative retiree invest retirement funds?

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Social Security Sick? May 14, 2024

Millions of people rely on Social Security for a large portion of their income, yet the system is running low on money and won't be able to meet future obligations without major changes. So, which is better, reducing benefits or raising taxes? Plus, we take listeners questions:

What's the best way to reduce taxes on retirement plan distributions?
What can be done to reduce hodgepodgery in a portfolio?

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Accentuate the Positive May 13, 2024

In the episode, instead of discussing all of the bad financial decisions we make, let's take time to acknowledge all of the good things we do with money. Plus, we take questions on:

The possible negative impact that passive investing might have on the stock markets.
The potential tax ramifications of a portfolio.

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Cue the Qs May 10, 2024

The questions have started pouring in again. Thanks! Today...

Using High-yielding CLOs Instead of Bonds.
Adjusting Portfolio for Growth
Maryland 529 Plan vs. Other Options
Maximizing Growth for Grandchildren
Understanding Rebalancing in a 401k
Implementing a Three-Bucket Account Strategy

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Will They Do What's Best? May 09, 2024

The U.S. Labor Department is going to try again to hold some of those who provide advice on retirement assets to actually act in their clients' best interests. Will this new rule actually go into effect this time and who might it protect. Then we take your questions:

What to we think of Keith Fitz-Gibbons investing advice?
What's the best way to cover three years of expenses before collection Social Security?

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Your Wealth Grew? May 08, 2024

After years of diligently saving and investing a your retirement plans, what should you be doing when your accounts have grown to sizable amounts? Plus, we share the reasons for a small cap and value portfolio tilt. Plus, we hear from several listeners who ask:

Why don't we talk more about 529 ABLE plans?
What do we think of a portfolio with 20-year Treasury bonds?
After maxxing out retirement accounts, where should other money be invested?
Why can't more people save and invest?

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Magic Money Machine May 07, 2024

Is it a mutual fund? Is it an annuity? Can one investment met everyone's retirement needs? That's seems to be the claim of the complex BlackRock LifePath Paycheck funds. Plus, we talk about Warren Buffett's take on corporate taxes and how individuals could all end up paying no income taxes. We also discuss the workings of the "backdoor" Roth IRA. Then, listeners want to know:

Nearing retirement is a fiduciary adviser needed and what should one cost?
The name of the book Tom mentioned about Crazy Eddie?

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Gold is Not Investing May 06, 2024

Gold has gotten hot again, but just because you can get a bar at Costco is it a decent investment? We look hack at the history and returns of gold over decades and longer. Plus, we take some listener questions:

Where can information be found on a school districts's 403b plan?
In what account order should money be withdrawn for a college education?

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Queries and Responses May 03, 2024

On this week's Friday Q&A:

Does more money in emerging markets make sense?
What should be done with an 401k now that Vanguard has sold their servicing?
Are these two funds diversified enough?
Is there any way to calculate future call option premiums?

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Big Investing Factors May 02, 2024

There aren't many ways to improve your odds while investing in stocks. So, why have investors like Warren Buffet been so successful and why do we belive in factor investing? Plus listeners want to know:

Why do we suggest more expensive products from firms like Avantis and Dimensional?
What are the differences between a 403b and a Roth IRA?

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Strange Money Perspectives May 01, 2024

Don't be fooled by "money illusions." We are often confused about money math, particularly when it comes to the impacts of inflation. Our financial psycology can lead us to make bad decisions. The callers have questions about:

Financial Planning for a Special Needs Family Member
Estate Planning Strategies for Passing Wealth to Grandchildren
Balancing Risk Tolerance with Retirement Savings
Directing Inheritance to Grandchildren
Understanding Indexed Annuities

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Are Bonds Bad? Apr 30, 2024

After bonds suffered a really bad year in 2022, many investors still hate them. Do all bonds deserve the recent bad reputations? Time for a fixed income reality check. We also discuss the bad advice given by most radio advisors. We also hear from listeners:

Why do we dislike anuuities as investments?
What do we think of the new DOL rule requiring all retirement rollover advice be held to the fiduciary standard?

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More Fiduciary Help? Apr 29, 2024

Once again, the United States Depratment of Labor is trying to protect retirement investors against the lies told, and the high fees charged, by many providers of advoce for retirement pland rollovers and transfers. Will they succeed against Wall Street and Big Insurance? Plus, we take your questions:

What's the best way to pay for a new roof?
Why are my ETFs paying out taxable dividends?

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Question (and Answer) Day Apr 26, 2024

This Friday's Qs:

How should an aggressive investor invest money that is not needed in retirement?
Does a QLAC make sense as a toold to control long-term care expenses?
Are there any tax ramications from moving from an expensive funds to ETFs in a qualified retirement account?
Does his portfolio idea make sense for a lazy retirement investor?

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Why Take Risk? Apr 25, 2024

What is the best investment strategy in a time of higher "safe" interest rates? For many, the tendency is to play it safer, but how might that work out in the long run? Plus, we answer questions:

How much is Edward Jones charging for their investment services?
How can an investor harvest tax losses?

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Expensive Retirement Plans Apr 24, 2024

Far too many businesses offer their employees expensive retirement plans. You must know how much you're paying. Plus, many states are now allowing employees to set up automatic payroll deductions into their own IRAs.

We hear from callers:

What will interest rates do in the near future?
What can be done with IRA distributions to reduce taxation?

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Retirement Quiz Apr 23, 2024

This seemingly simple retirement quiz stumped most who took it. How will you fare? Take the quiz with us. Plus, what can you do if you have a low interest rate bank savings account?

Listeners want to know:

How long will mom's retirement assets last?
Is there any way to get money back from a federal long-term care policy?
How can money in a retirement plan be accessed before 59-1/2 without penalties?

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Returns Matter More Apr 22, 2024

Our friend, Mark Hebner from Index Fund Advisors, joins Tom and Don to talk about the most important number to investors, total return. The rise and fall of prices shouldn't be of much concern to investors, it's how much you make on your investments.

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TGIQAF Apr 19, 2024

In this week's Friday Q&A edition:

How safe are investment in brokerage accounts?
Why shouldn't someone tranfer an IRA to Robin Hood to collect a 3% bonus?
What do we think of Fisher Investments "bucket" strategy?
How should money be invested for the beneficiary of a special needs trust?

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Small Index, Big Stocks Apr 18, 2024

One of the problems with index funds is the fact that they slavishly follow the index. This means that for long periods they can own stocks that are way outside the indexes parameters. This is one argument for rules-basd funds. Then, listeners ask:

Are we concerned about the decline in the number of publically-traded stocks?
Is it okay to be 100% in stocks close to retirement?

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Emergency Funds and More Apr 17, 2024

Most American's have saved enough for even a $400 emergency? Start there, and then it's time to work on retirement savings. Along the way have those tough financial conversations with your partner. Plus, Don goes on a rant about the financial services industry and it's lack of client care. We hear from callers:

With a little help for a previous caller.
What do we think of a particular brokerage firm?
How can money be moved from a regular IRA in an annuity to a Roth?
Is Empower providing good investment advice?
How should money be invested in a after-tax IRA?

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Should You Worry? Apr 16, 2024

We recorded this episode as the Iranian attack on Israel was beginning. We discussed the impact of global events on your portfolio and how to invest during market turbulence. Then, we give you the chance to build your perfect economy with a quiz. We hear from some of you, too:

Is a Fidelity advisor a fiduciary or not?

Where should money for intermediate-term spending be invested?

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A New Day of Q&A Apr 15, 2024

Listeners love our question and and snswer episode, so here a special Monday Q&A featuring Tom and Roxyu Butner answer your written questions:

Is a Total World Stock Market Index Fund Enough?
Should You Pay Off a Low-Interest Mortgage Early?
What do we think of the Geiten Clinger Withdrawal Strategy?
Is Vanguard Advisor Services Worthwhile?
What has happened to ESG Investing?

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It's You and Don Day Apr 12, 2024

On today's FridayQ we discuss:

Robin Hood's recent offer of a 3% bonus on IRA rollovers.
Avoiding a tax penalty of an inherited annuity.
A listener's Talking Real Money Road Trip suggestion.
The proper small cap portfolio allocation.

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Best? Be Wary. Apr 11, 2024

We are innundated with articles featuring lists of the "best" investments. Are they really that good and should you invest in them? Plus, we hear from listeners:

What's the difference between two bond ETFs?
Upset about the performance of her bond fund.

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A True Fiduciary? Apr 10, 2024

Most advisors claim to be fiduciaries and even those who are always required to act in a client's best interests can have conflicts. What makes a true fiduciary financial advisor? We also discuss young investors sources of advice. Callers join in and ask:

Does it make sense to split a bond portfolio between US and international bonds?
How do you find the right advisor to write a financial plan?
Can someone with a 401k still contribute to a Roth IRA?
Why didn't a bank supply a 1099 for a CD?

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The Highest Heights? Apr 09, 2024

Nobel laureate, Robert Shiller, believes that the U.S. stock market may have run its course for awhile. So, what should you do is he's right? You be shocked (wink) at the answer. Then, aa whole lot of listeners call in:

Where should money from a property sale be kept for a future tax payment?
Does it make sense to buy a little physical gold?
Are money market fund yields lower than stated because of expenses?
How should an early retiree invest and generate income?
How can you calculate the expected future interest rates on an adjustable mortgage?

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2% is Too Much Apr 08, 2024

Paying too much for your retirement plan and the investments within can damage your future. Listeners ask:

What do we think of direct indexing?
Why isn't Don's book available as an audiobook?

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A Few Friday Qs Apr 05, 2024

Submit your spoken questions at talkingrealfmoney.com. This week:

What if "messing around" with a portfolio simply means using Avantis and DFA ETFs?
Are Avantis ETFs reall worth the extra expenses versus Vanguard index ETFs?
What should be done with a portfolio of broket sold Franklin-Templeton funds?
Is there a way to take money out of an IRA early without paying a penalty?

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How Much is Needed? Apr 04, 2024

What is your retirement number? Everyone should have one. Most people's number is too low, so you really need to try and calculate how much money you will need to have invested to create a decent stream of income for thosee post-work years. Then, we take your questions:

Should a target-date fund be held in a non-qualified, taxable account?
Instead of investing, why not just keep everything in one of today's high-yield money market products?

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Stocks Start Strong Apr 03, 2024

Large-cap, U.S. stocks had a very good first quarter. However, many markets and previously hot stocks lagged far behind. What should this mean for your portfolio? We discuss the powerful research on investing psychology by Daniel Kahneman and Don's upcoming road trip. Plus, listeners join in:

What's the best way to sell one house, build another, and still have enough money left to live on?
How should a grandparent set up IRAs for working grandkids and how much might they eventually have?
Thanks for banning "Crypto Bob" from the Q&A podcasts.
How is 529 money transferred to a Roth IRA?

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Election Has You Worried? Apr 02, 2024

Every four years investors grow concerned about the terrible impact that "other" presidential candidate might have on the stock market after the election. Yes, the evidence shows that new president's have had no discernable impact on the markets, so stop worrying. The listeners ask:

Is it time to start reducing a portfolio's aggressiveness?
Should the money from maturing bonds be reinevsted in funds all at once or over time?
What's the best way to take money out of retirement savings to buy a RV?
What can be done with old Roth contributions for someone with no taxable income?
How should money be best withdrawn from an inherited IRA?

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The Mammoth in the Room Apr 01, 2024

You can probably stumble through most of your financial life. The one money need for which you must plan is retirement. Today, we discuss some of the most important things you must do to retire comfortably. Plus, we answer your questions:

How should money from a maturing annuity be invested?
Why should we invest in Avantis ETFs when they don't have a long track record?

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Another Q and A Day Mar 29, 2024

Don takes on a bunch of your questions again:

What can be done about a late required minimum distribution (RMD)?
Is there a waiting period before you can withdraw money from a rollover Roth IRA?
What's the best way to start properly passively investing?
Don't fee-only investment advisors have a conflict becuase of the fee they charge?

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Diversification Defined Mar 28, 2024

For your portfolio to be properly diversified, how many stocks should you own? Is ten enough or do you need ten thousand? We share the Motley Fool's perspective and our own. Plus, listeners ask:

What kind of credit card do we suggest for maximum reward potential?
How do older investors find the financial help needed for a fiscally disinterested spouse?

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Thematic Gambling Mar 27, 2024

The latest hot investing craze, thematic funds, are actually a recycled old idea, sector funds. As with any other attempt to nbeat the market, we found that "thematic" fund investors actually for worse than the funds themselves. Individual investors continue to prove thatm overall, the market is typically unbeatable. Plus, we show you how to find the best 403b plans.

Listeners ask:

Is a cheaper price per share ETF better than a pricier one?
How much should be withdrawn from a retirement plan?
Does someone with no dependents need a million dollar term life policy?

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Portfolios Need Risk Mar 26, 2024

You need to understand risk to be a successful investor. Most of us already have a very safe investment and should take risk elsewhere in our portfolio. What is risk and how can you manage it?

We hear from listeners asking:

How should an 80-year old's money be invested?
How can you find a great financial advisor?
What is the best way to invest $1.6 million?
How should a recent divorced woman invest her settlement money?

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Big Income, Little Risk Mar 25, 2024

The financial product industry knows that you want the highest possible retunr with little (or no) risk. Given the amount of money invoiced, they are willing to try almost anything to pull off this illusion. However, no one has EVER been successful. Don and Tom discuss the latest attempt to provide investors with a near riskless income. Plus we take your questions:

Does an employer's contribution count toward 401k limits?
Is it better to pay of student loans or fund retirement?

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Still More Friday Q&A Mar 22, 2024

Today's question and qnswer session features:

Does a CD ladder work for portfolio protection?
Is Robin Hood's Gold account worth the fee?
In moving from indicvidual stocsk to ETFs can one stock's loss offest another's gain?
Can we focus a program on the income generating phase of life?
Do these three funds make a decent retirement portfolio?

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Play it Safe? Mar 21, 2024

After interest rates hit 5%, some investors seem content to stick with savings and CDs. Tom and Don discuss the downside oif settling for today's safe money returns. What about other investments that promise "safe", high yields? Listeners want to know about:

The wisdom of investing in a real estate trust?
The impact of interest rate changes on pension payouts?

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Financial Faux Pas Mar 20, 2024

In this episode, we share several of the biggest blunders that keep us from building the wealth we need for the future. Learn how to be a better investor with some really simple lifestyle and investing tweaks. Plus, we hear from our listeners:

Does paying an advisor 1% per year mean that the 4% rule becomes the 3% rule?
A real estate broker believes that real estate agents will thrive despite the NAR settlement.
How should money be invested with wither New York Life or Edward Jones?

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Playing It Too Safe? Mar 19, 2024

Americans have a lot of money in cash, earning essentially nothing. Others are happy earning a nice, safe 5% on short-term CDs and bonds. Yet, we could be shortchaging ourselves in the future by not investing properly. Don shares more details on his summer Talking Real Money Road Trip and we discuss the ramifications of the commission settlement by Realtors. Then, on to listeners phone calls:

What would have been a reasonable return on a portfolio over the past few years?
Which is better: bond funds or individual bonds?

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Biggest Wealth Destroyers Mar 18, 2024

Sometimes the hottest investments end up turning icy cold. Today, we share some of once exciting investments that destroyed much of their investors wealth. Plus, listeners join in to discuss:

The positive impact our shows have had on a finnacial life.
What do we think of a proposed allocation to TSP funds?
How do we feel about investing in AI and do we have any suggestions?

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Questions and Crypto's End Mar 15, 2024

We want to answer everyone's questions, without exception, However, every once in awhile a "trolll" takes advantage of our desire to present all sides of an issues. So, to be fair, I give the same listener three "last words" on crypto, before ending his participation. Then:

What would it take to become a financial advisor?
What are immediate annuities?
Is it okay to play with one investment account?
Does the wash sale rule apply to purchases right before a sales?

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Financial Jealousy Mar 14, 2024

The desire to "keep up with the Joneses" is ingrained in is. However, the result of financial envy can be disastrous. Discover why you need to avoid money jealousy. Plus, listeners ask:

How much of a portfolio should be in this particular ETF?
What are we referring to when we talk about 7% annuities?
How can an investor find a 100% fee-only fiduciary advisor?

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Wait for Stocks to Fall? Mar 13, 2024

With the stock markets at "all-time highs," should you wait a while before investing? In essence, can you accurately time the market? Then a bunch of listeners call in:

What should an older investor do to create a simple retirement portfolio?
Does it always make sense to tap taxable accounts before taking money from tax-advantaged account?
How can an older person get started investing for retirement?
Could Roths be taxed in the future?
Would it be wise for an elderly investor to move her money from Edward Jones to Schwab?

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Free Usually Isn’t Mar 12, 2024

After experiencing some radio show technical problems, Tom and Don discuss the shockingly large percentage of your money that goes to Wall Street firms and why should be wary of alternative investments. Then, they bemoan the lack of financial literacy education and the horrible sales pitch passed of as education. Plus, a subject of a financial advisor profile lies about the fees he charges. Listeners chime in:

On the Washington legislatures failure to pass a financial listeacy education bill.
How is his broker making money off of his IRA account?
Should money coming out of an annuity be invested in bonds as well as stock funds?

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Question Overload Mar 11, 2024

With Retiremeet, question flow increased. So, we added a special Monday Q&A Edition with Tom and Don.

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Questions, Comments, Crypto. Mar 08, 2024

This week:

A comment about Don's Readastorus podcast.
Avoiding taxes on Social Security.
Using HSA benefits to indirectly fund a Roth.
ChatGPT as an investment advisor.
A couple of Bitcoin boosters.

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Teen Investing Power Mar 07, 2024

Today, we swim against our demographic and address the issue of teengae investing. Don't you wish you would have started investing 30, 40, or even 50 years ago? Today, it's easier than ever to invest while young and we share some thoughts on starting early. Plus, listeners ask:

For a "deep dive" into proper account asset allocation.
What do we think of these perceived shortcomings of exchange-traded funds (ETFs)?

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Too Much in Too Few Mar 06, 2024

Nvidia. Apple. Microsoft. A huge chunk of the market is made up of just a few high-tech stocks. Yet, today's hot tech often grows cold. Once again, Tom and Don make the case for diversification in your investment portfolio. We also discuss the foolishness of collectible "investing." Then callers want to know:

In a banking crisis, can we lose ownership of our stocks?
What's the best way to pay for an emergency roof replacement?
How should restricted company stock be sold?
Does an IRA tax deduction makes sense?
What's the best way to set up a retirement plan for a small business?
Does a "sell on Friday, buy back on Monday" market timing strategy makes sense?

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Money Mind Mending Mar 05, 2024

Managing your money and building a better financial future are easier than you think. All you need to know are a few simple things you must do and a few you must avoid. Plus, we hear from a bunch of listeners:

In what order should retirement accounts be tapped?
What happens to stocks if the banking system collapse?
How should a family member's portfolio be invested for assisted living?

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Keep You Betting Mar 04, 2024

The very worst thing you can do with money is gambling. Unlike the stock market, which has had an upward bias due to general economic growth, gambling is a less than zero sum game for everyone but the house. Today we talk about the dispicable things that gambling promoters do to keep you filling their pockets. Listeners ask:

What do we think of Schwab's Theme ETFs?
Is it better to save pre-tax money for retirement or use post-tax dollars to get tax-free growth?

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Start by Saving Money Feb 29, 2024

Generation X is suffereing from a savings crisis. We know it sounds boring, but without a regular savings plan it's hard to to build wealth. The earlier you start the better. We have some ideas to make saving easier.

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Don, Tom, and Paul Feb 28, 2024

Here is the second part of our annual Retiremeet episode featuring a short visit from Paul Merriman and a few of your questions.

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Don and Weston Wellington Feb 27, 2024

It's our annual Retiremeet special program in which Don wings it from our big annual event in Bellevue. In this episode, Dimensional Fund's Weston Wellington drops by for a chat about the science of investing and Tom briefly passes through. Plus, a couple of questions from attendees and listeners.

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No Way to Know Feb 26, 2024

Overconfidence is a financial killer. Far too many of us are certain that we know the direction of interest rates because there are just two choices: up or down. But, it's still just guessing. You can't know any part of the future. Then, listeners ask:

What is the maximum number of clients an advisor can properly service?
What do we think of Phoenix Capital Group?

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Questions, Plus Feb 23, 2024

This week:

What is the best way to buy a new car?
How should younger people plan for healthcare in retirement?
Should a total bond market fund be in a taxable brokerage account?
Finally, four questions in one about creating a better portfolio in retirement.

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Retiree Regrets Feb 22, 2024

To help you avoid some of the mistakes that can spoil your retirement, we share what many retirees wish they had done differently. So, Dave, only the wealthy can afford a house? We also look at some real problems with Dave Ramsey's home ownership advice. The QQQ celebrates an anniversary, but is it even needed? Plus we hear from you:

In what order should money be withdrawn from different kinds of accounts in retirement?
Does it make sense to convert IRAs into a Roths in retirement?

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Outrageous Returns? Feb 21, 2024

In an ongoing attempt to entice you into risky bets, another financial firm has found a loophole that allows it to advertise a huge yield that isn't that impressive using a risky variation on covered call writing funds. We go on to explain how covered call writing works and the risks involved. Listeners want to know:

Why do we still suggest bonds in an investor's portfolio?
What's wrong with his covered call writing strategy?

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CFP Equals Best Interests? Feb 20, 2024

The Certified Financial Planner Board claims that those with the CFP designation are required to act in your best interests. However, do they always act as a fiduciary and what can be done if they don't?

Plus you ask us questions:

What to we think of David McKnight's (The Power of Zero) advice?
Where should a small business emergency fund be invested?

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Another Stormy Q&A Feb 16, 2024

On today's question and answer episode:

Can a custodian move a UGMA into a 529?
Will there be an online replay of Retiremeet?
Why should someone consider AVGE considering its flaws?
A caller shares a crypto twofer?
How should money from a 401k be invested at Vanguard?

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Too Many Choices? Feb 15, 2024

From a few stocks and bonds, investment options are practically beyond comprehension. How do you pick the best portfolio pieces from the bewidering mix of choices? We discuss the incredible failure of one such hot investment vehicles, ARKK.

Listeners ask:

Can you be both the owner and beneficiary of a 529 Plan?
Do 401k assets count in the pro-rata requirements for a backfoor IRA?

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The ETF Innovation Feb 14, 2024

Are we seeing the beginning of the end of traditional mutual funds? ETfs have proven their worth as an investment vehicle that is in many ways better than a regular open-end fund. Will ETFS take over the investing world? Plus, we talk about why some Wall Street firms are accepting crypto into their midst, with one major exception, Vanguard. We also take some questions from listeners:

Is it better to give money to family from and IRA or brokerage fund?
What's inportant in an advisors Form ADV, Part 2?

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Harvesting Equity Wealth Feb 13, 2024

Once, dividends account for a large part of stocks' returns. Today they are far less important. Does it make sense for investors to chase after high dividends? Don shares the past power of a simple balanced fund.

Listeners ask:

Is a CD the best place to invest real estate proceeds for retirement income?
How does rental income compare to income froma diversified portfolio?
Can large positions in single stocks be combined into a fund to avoid capital gains?

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Better Than 403b Plans Feb 12, 2024

Most feel the only way to save for retirement is through qualiried, tax-advangatwed retirement plans like 401ks, 403bs and IRAs. But are they always the best choices for long-term investing?

Plus, listeners ask:

What do we think of Fidelity Zero funds now?
Can someone with a retirement plan at work still contribute to an IRA?

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T.G.I.Q.A.F. Feb 09, 2024

In this episode Don answers more of your questions from talkingrealmoney.com:

What portfolio adjustments should be made to avoid IRMAA?
How should the bond portion of a portfolio be invested?
Is investing in high dividend stocks a good way to create retirement income?
Can backdoor Roth conversions be done in the same year for two different tax years?

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Retirement Myths Busted Feb 08, 2024

There is a lot of misinformations about retirement. Much is spread by people pitching products. Tom and Don go after many of the myths about retirement income, Social Security, Medicare, and more. They also hear from listeners:

Wondering if a financial planner is needed goinf into retirement?
Taking us to task over a mathematical misundertanding.

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Best Ignored Feb 07, 2024

Happy to see Jason Zweig back from his sabbatical, Don shares his WSJ article on the wisdom of ignoring the stock market's fluctuations. Tom calls in from Vegas to explian his five-second $100 loss.

Listeners ask:

What should a house rich person do to create a decent retirement income?
Is moving 401k money into an indexed annuity a wise move?

This call sets Don on a rant against the horrible "advisors" who will say almost anything to sell these high-commission, complex insurance-based "investment" vehicles.

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Fees Lead Feb 06, 2024

Now that there are potential fees to be collected from selling Bitcoin ETFs, many Wall Street firms have grwond enamored with this ephemeral speculation. A few firms are still standing firmly opposed. Bitcoin is the best of a bad bunch. The other 8000+ tokens have even less going for them. Don also shares the story of another crypto fraud.

Listeners ask:

Can a 529 be used as a "carrot" to reward good behavior in college?
After the sale of a house, do they have enough to retire comfortably?

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No Way To Know Feb 05, 2024

Burton Malkiel and other academics continue to tell us that consistently "beating the market" is essentially impossible. Investors need to understand the impossible natire of accurate prognostication and focus on those things that are in our control. Tom and Don explain the simple path you can take to reasonable investing success. Don talks about the Talking Real Money summer road trip. Listeners ask:

Does a Fidelity 250-stock direct indexing plan make sense?
Is it better to max out a Roth IRA or Health Savings Account?

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Friday QCCA Feb 02, 2024

This Friday:

A listener corrects one of Don's statement about Bitcoin ETFs.

Can buying a building for a business replace a REIT in a portfolio?

What's the best way to invest a court settlement for a minor?

A suggestion that an umbrella insurance policy could lower other P&C rates.

A discussion of the difference between dividend reinvestment in mutual funds and ETFs.

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We’re Retiring Better Feb 01, 2024

Sure, building the wealth we want to retire well is hard work. However, let's look at the bright side. One hundred years ago, we'd probably be dead. Tom and Don talk about the current state of retirement in the U.S. and share some ideas for making it better. Listeners ask:

What's the correct asset allocation for a portfolio including an HSA?
How should I invest in retirement?

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So Long Silly ETFs Jan 31, 2024

In very short order, the market sprouted thousands of exchange-traded funds (ETFs). While most were solid concepts with decades of research supporting them, a few were just silly. Thankfully, we are now seeing the demise of these crazy products. We also look at some of the worst ETFs from last year. With so many living with parents, what's the best way to help adult children become financially independent? Don goes back to some comments he has made about the need for homeowners insurance in a few cases. A listener asks how to used fixed-income securities in a portfolio?

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Certificate of Excitement? Jan 30, 2024

High-yield CDs are nothing new. It's just been a long-time. While a 5% rate feels pretty good after years of low rates, how long will they last? What should you do when rates fall again? Are there better ways to invest, particularly for younger investors? Did God really tell a Colorado preacher to create and sell a worthless cryptocurrency to his flock?

We hear from a listener who believes that the Federal Reserve FedNow program is designed to control behavior.
Another wonders if Fidelity can send monthly payments from a 401k?
Does investing in a target-date fund make sense in an HSA account?

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Culling the Real Estate Herd? Jan 29, 2024

The real estate sales business is about to face the same issues as other professions that have been squeezed by both technology and regulation. After a costly court ruling, and with increasingly powerful technology, the decline in real estate commissions is expected to accelerate (as have brokerage commissions over the years). Then, we hear from listeners like you:

Is it too late to invest in a 529 for older kids?

Is there a better option that the age-based plan in the Utah 529 plan?

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Global Questions Jan 26, 2024

In today's episode callers ask Don

Which is worse: and annuity of a leaf blower?
What can be done for a friend who is on the brink of bankruptcy?
Which CD is best and what is a callable CD?
After a financial windfall is it too late to hire an advisor?
Can a retired pastor take tax-free housing withdrawals after moving from 403b to IRA?
Should a portfolio be diversified among accounts based on tax treatment?

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Seeking Diversification Jan 25, 2024

How many securities should you own in a well-diversified portfolio? Is it ten or ten thousand? We explore some advice on proper portfolio diversification versus market-timing and stock picking. Then, listeners ask:

How should a Health Savings Account (HSA) be invested?
Does it make sense to add Boston Partners Large Cap Value Equity Fund to a portfolio?

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Stealthy Budget Killers Jan 24, 2024

It's no wonder that businesses love the subscription model. It makes paying for products and services automatic and provides steady predictable cash flow. On the flip side, it also creates an almost impercetible drain of your budget. Learn how to reduce the subscription cash suck. We agree with Dave Ramsey's dislike of cash-value life insurance.

A listener shares a tool for cutting subscription costs and wonders why it would ever be okay to go without homeowners insurance? Others ask:

When is it better to pay off a mortgage than invest?
Why can't dividends be reinvested in an ETF?
How much liability insurance is needed?

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New Highs Mean Little Jan 23, 2024

After a big week for stocks, we address the reality of the equity markets and why a "new high" is nothing to get excited about. While 5% rates feel better than zero, we are concerened that too much money languishes in banks. Plus, more money is finally invested in passive funds than actively managed products and why it's about darned time.

Listeners ask:

Is Retiremeet worthwhile for those already retired?
How should money be invested in a deferred compensation plan?

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The Great Home Debate Jan 22, 2024

In today's podcast, we present more evidence showing it may be subssrantially cheaper to rent a home than to buy one. However, the equation changes when you factor in emotions. Plus, how much money do you need to be wealthy? Do shares an example of why buying a new cars is a financial mistake?

A listener asks:

What should be done with an old whole life policy purchased by parents for an adult child?

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Questions and Songs Jan 19, 2024

First, a listener wants to take Don to task for his Bitcoin negativity.
What is the value of tax-loss harvesting?
Can a Coverdell ESA be moved to a 529 plan?
Can RMDs be postponed by going back to work?
Finally, we conclude with some listener created musical interludes.

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Legal Loan Sharks Jan 18, 2024

We're all over the fiscal place today. After an ad during our radio show we look at the horrible and yet perfectly legal predatory predatory short-term loan business. Then, we try to understand why experts are still advising investors to try to find the right time to buy stocks and consider the psychological effect of bad markets. Plus, we compare whether it makes more sense to buy gold bars or freeze-dried emergency food at Costco.

A listener looks for advice on taking a lump-sum distribution or a monthly pension.

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Better in an ETF? Jan 17, 2024

The SEC finally have given in to the pressure and approved "real" Bitcoin ETFs. Does this change make cryptocurrencies and less ephemeral or improve their possibilities as an "investment?" What are the 5 biggest annuity sales lies? Plus, are "regular investor" hedge funds any better than their "big" investor counterparts? Then listeners asks::

Which funds should be used for young people's Roth IRAs?
Can an advisor pitching indexed annuity be a fiduciary as he claims?

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Invest and Reduce Taxes Jan 16, 2024

In the new year, you can save even more for retirement on a tax-advantaged basis. Take full advantage of your opportunities to save now and in the future. Plus, listeners want to know:

How should excess money in an HSA be invested?
What should be done with a $500,000 inheritance?

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Friday Questions and More Jan 12, 2024

In this Q&A episode:

Does it make sense to switch from taxable bonds to tax-free municipal bonds?
Does a portfolio need more international or value exposure?
What effect will new Bitcoin ETFs have on the value of Bitcoin?
A listener disagrees with our statements about buying a home versus renting?
Is Emancipare a legitimate advisor?

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Short-Term Means Little Jan 11, 2024

Beware of most (if not all) of the investing advice in the financial press. This is particularly true when the information is based on short-term data. Don't peek at your portfolio too often. Then we take listeners questions:

Does it make sense to purchace pension service credits?

Do those with checking at their broker need a bank account?

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The Weakest Plan? Jan 10, 2024

Of all the types of employer-sponsored retirement plans, 403(b) plans are among the worst. Without a fiduciary requirement, many of the investment options are expensive, high-commission insurance products. That's why the onus is on you to make smart choices. Then, we hear from listeners:

To discuss issues with distributions from and taxes on an estate.
How to get a portfolio evaluation from us?
What do we think of Delaware Stautory Trusts (DSTs)?
When should RMDs be taken?
What's the best way to retire to Florida and find a place to live?

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Biggest Retirement Blunders Jan 09, 2024

Very few Americans feel confident they can financially enjoy a comfortable retirement. So, what do real retirees wish they knew before retiring? We discuss why every investor should have international stocks and and share the hottest global markets. How did the United States fare? Along the way, callers join in.

What do we think of the retirement investment options from Northen Trust?
In the current environment would it be better to invest in longer term bonds?

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Know Before You Commit Jan 08, 2024

Before you enter into any relationship, it's important to know how the other person perceives money. This is particularly important to know if you plan to spend your life with that person. Plus, listeners ask:

Can funds from a UGMA or UTMA be moved into a minor's 529 plan?
What is our opinion of spiders (the ones spelled SDPRs)?

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New Year. New Questions. Jan 05, 2024

Happy new year and we have new questions:

What do we think of XY Planning Network?
Is Vanguard's new Core Actively Managed Bond Fund a good investment?
What can or should be done with a gifted annuity?
Should VT and VTI be purchased now "at a peak?"
Is a $9,000 RMD tax analysis worthwhile?

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Money Unmentionable Jan 04, 2024

There may be a few things we shouldn't discuss. Money isn't one of them. We need to share nuggets of financial wisdom with our families to help them become better money managers. Beware of a clever new gift card scam. Plus, we share lessons from the Great Recession and more of Suze Orman's bad advice. We also take a lot of calls:

Does it make sense to get back into target-date funds?
What do we think of this bond ladder fund?
How should an extra $500 a month be invested?
What should be done with the cash from a home sale?

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Inept Investing Info Jan 03, 2024

We look back at "expert" market predictions for 2023. Who got it right, and who failed to come close? Then, we share better ways to invest. Do presidential elections have any impact on stock prices? Discover the big difference in fees for financial advice. We also discuss the huge financial mistakes of Don's favorite NFL team. Then we hear from listeners:

Can funds (except for proprietary BridgeBuilder funds) be transferred from Edward Jones to Vanguard?
Should mid-cap funds be included in a diversified portfolio?
Which is the best diversified bond fund?
In which type of accounts should bonds be invested?

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Most Own Equities Jan 02, 2024

One hundred years ago, very few Americans owned stocks. It was only in the past decade that a majority of us were invested in equities. Yet, the vast majority of stock investors fail even to match the performance of the S&P 500. Find out how you can be a better stock investor.

Listeners ask:

What do we think of a few of Fidelity's factor funds?
Does it make sense to consolidate a portfolio in Vanguard Wellington?

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Last Q&A of '23 Dec 29, 2023

This is the last episode of 2023 and it's only fitting that it be Don's favorite type: questions and answers. We have some great ones this week:

Is adding a DFA value fund worth the added cost?
Should 529 money be used to eventually fund a Roth IRA?
Can we make a better case against Bitcoin?
What should be done with an old annuity?

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Retirement Relocation Dec 28, 2023

Retirement can mean gaining the freedom to live anywhere you want. Tom and Don consider the best and worst states for retirees, based on multiple criteria, from two different sources. One of the worst may surprise you. Plus, we answer your questions:

How will some short-term, extra income effect Medicare costs?
If a major recession occurs, would it make sense to use emergency money to "buy the dip?"
Is it better to have multiple brokerage accounts?
Is there any way to speed up the distribution of assets from an estate?

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A Christmas Dog Story Dec 27, 2023

This episode was recorded on December 23, 2023. Just before going on the air, Don's wife told him about a lost dog found 3,000 miles from his Washington state home. The outpouring of offers to help was soul-stirring. Later, we talked about the foolishness of following the hottest parts of the markets and why annuities are one of the best selling "investments." Plus, we took listeners questions:

What are the best funds for a simple portfolio?
Is Morningstar a good source of investing information?

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Investing Realities Dec 26, 2023

We return from our holiday hiatus with quiz: Which is an investing fact and which is a money myth? Plus, a listener want to know:

What can be done with a brokerage firm that refuses to let go of funds?

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The Great Fund Debate Dec 21, 2023

We revisit the "active vs. passive" debate. We thought this debate had been settled, yet many still invest with active money managers. Then, we hear from listeners:

Objectively, why do we hate Bitcoin?
How should an elderly mother invest for heirs?

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Fastest Home Fill-Ups Dec 20, 2023

Where in the country has home equity risen most and least? What can you do to tap that hidden wealth? Does a HELOC or reverse mortgage make sense? Does owning a house even make sense in this economy?

Then, we hear from listeners:

Should a fiduciary advisor also act as a financial "psychologist?"

Does it make sense to borrow home equity and lend it to a friend in construction?

Should he stick with his aggressive "advisor?"

How can renting be less expensive than buying a home?

What's the difference between points and percents?

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Wait… Stocks Have Risen? Dec 19, 2023

Don finally peeked at his brokerage statement and was pleasantly surprised. His portfolio finally made money. Did yours? We talk about the investment markets' ups (and downs) and finding the right balance between safety and potential return. We also share the states with the best and worst home equity appreciation. How can you tap that hidden wealth? Then, we hear from callers asking:

What should be done with an old variable annuity in a 403b?
How should an end-of-year backdoor Roth be done?
Can someone from out-of-state attend Retiremeet?
What do we think of some advice from a Voya rep?
Is renting really better than buying a home?

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Start Investing Sooner Dec 18, 2023

In this episode, we talk about some of the steps you should take well before retirement to get your financial house in order. We discuss money-saving tips and investing ideas to help those in their younger years improve their odds of retiring comfortably. Plus, we answer your questions:

How can I force myself to rebalance my portfolio when my emotions get in the way?
Which is better: a bond fund or a CD ladder?

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Pre-Christmas Question Day Dec 15, 2023

The questions may not be festive, but they're important, and Don answers them:

How should assets be allocated across different types of accounts?
What happens to the money in a 529 plan if the custodian needs to withdraw some?
How should a young adult invest money from an inherited IRA?
Can brokers' cash management accounts replace traditional bank accounts?

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When Managers Go Away Dec 14, 2023

Another problem with actively managed mutual funds is the mortality of managers. What happens if you rely on the incredibly rare, super-smart, practically prescient money manager, and they go away? Plus, we hear from listeners:

What do we think of Vanguard's variable insurance funds?
Does a 100% equity portfolio make sense for someone comfortable with risk?

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Real Investing is Hard Dec 13, 2023

A new academic study concludes that you might be better off avoiding bonds. Tom and Don discuss whether a strategy that potentially risky makes sense for you. We discuss the sorry state of most investing advice, including that from financial psychics. Then, we hear from listeners:

Is gold a good investment?
What do we think of the "investment" advice provided at a free Italian dinner?

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Stop Hurting Yourself Dec 12, 2023

We keep making damaging financial mistakes. Are you ready to manage your money better and actually invest? We hear from listeners:

Can iBonds be transferred to others?
What's the best way to set up a 529 ABLE plan
Is tax loss selling a bit like market timing?
What's the best way to sell appreciated stocks to reduce taxes?

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Bitcoin and Gold Heat Up Dec 11, 2023

The price of both Bitcoin and gold have soared recently. Has anything changed that might make them attractive investments? Plus, there is more evidence that those who chase returns using mutual funds fail to beat those who buy and hold. We also help listeners:

Better understand a Nuveen muni bond fund they own.
Create a tax minimization plan for retirement.

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Cool Days Q&A Dec 08, 2023

After Don grumbles about the length of the holiday season, he goes on to answer listeners questions:

Does it make sense to use a 529 Plan to make future Roth IRAs for grandkids?
Is the 4.7% interest from Vanguard new Cash Plus account better than a high yield savings account?
Does an allocation entirely too small cap stocks make sense?

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Avoiding Bad Advice Dec 07, 2023

Investing "professionals" run the gamut from highly skilled and honest to truly dangerous. How can you avoid the mediocre to crooked financial advice providers out there? Tom and Don have some simple ways to protect your wealth from the unscrupulous. Plus, listeners ask:

What is the name of the bank paying over 4%?

How should money be allocated between taxable and tax-advantaged "baskets?"

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Unexpected Taxable Events Dec 06, 2023

The end of the year often brings mutual fund investors an unpleasant surprise that can raise taxes; the realized capital gains distribution. How can you avoid this tax surprise? Are traditional mutual funds headed for extinction? Dimensional Funds rolls out a total market ETF to compete with Avantis. Then, listeners ask:

How can the Washington state estate tax be avoided?
Do they have enough to live a confortable and enjoyable retirement?
How do you find a financial advisor you can trust?

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Lifelong Income Strategies Dec 05, 2023

What's the best way to create a retirement income stream from your investment portfolio. Today, Tom and Don share four popular income strategies. Then, we hear from you (actually, a few of you):

Does it make sense to sell Apple stock to pay off a HELOC (home equity line of credit) early?
What is the best way to invest an inheritance?
How does money have to be withdrawn from a non-spousal inherited IRA?

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Pensions Staging Comeback? Dec 04, 2023

Once thought to be nearly extinct (except for government workers), some major employers are bringing back the old fashioned pension plan. Does the apparent certainty of a pension make it a better retirement option than defined contribution plans, like 401k and 403b Plans? Plus, listeners ask:

Should the proceeds from the sale of an investment property be moved into a DST (Delaware Statutory Trust)?
Should a regular mutual fund be sold and an ETF purchased instead?

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A Lot of Questions Dec 01, 2023

In todays's Q&A session:

Which funds should be used in a 403b?
Thanks for the podcast.
How much of fixed income should be in inflation hedges?
How could a mom squeeze a bit more income out of her portfolio?
Did it makes sense to sell bond funds and move into T-Bills?
Is an umbrella liability insurance policy needed?
How should a million dollar portfolio be invested?

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And the Winners Are... Nov 30, 2023

A recent list of "the best mutual funds" is best ignored. The funds prised in this piece are not great funds, just a few that got lucky by being in the right investments at the right time. Plus, most of the funds are eclectic, expensive, and extremely risky. Then, Tom defends his Bob Brinker criticism and a listener asks:

Should a multi-fund portfolio be converted to ETFs?

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Seen the Light? Nov 29, 2023

Most know him as the "Wolf of Wall Street." After ripping on investors for millions of dollars, Jordan Belfort claims to have "seen the light" and now believes that low-cost, index-style investing is the path investors should take. Then, listeners look for help...

...with a Health Savings Account's (HSA) divestment allocation.

...understanding why the value of a dividend fund has barely moved.

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Dave Promises Big Bucks Nov 29, 2023

Forget the 4% rule, Dave Ramsey wants you to believe that you can take an 8% annual income from an American Funds (or other broker-sold) portfolio. We explain why that is incredibly unlikely.

Then on to the questions:

What's the best allocation among funds in the Thrift savings Plan?
Should a REIT in a taxable account be sold and invested in something more tax-efficient?

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Financial Illiteracy Nov 27, 2023

A new study of Americans financial knowledge shows that a sizable portion of us are woefully uniformed about financial matters. Tom and Don share the results and ideas for improving our fiscal education.

Plus, listeners ask:

What do we think of a move from bonds into T-bills?
Is a financial advisor needed and why?

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Work Plans Losing Nov 22, 2023

This is the last show of Thanksgiving week, as Tom and Don are taking time off. In the episode, we discuss the many problems with 401k and 403b plans that keep employees from doing as well as they might in other types of accounts.

Listeners want to know:

Does it make sense to invest almost $500,000 in a jumbo CD?
Why don't we make longer episodes and suggest people listen at higher speeds?
What do (did) we think of Bob Brinker?
In what order should retirement accounts be used for income?
How much would a diversified account have made so far in 2023?

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So Few Houses Nov 21, 2023

Today, we talk about the biggest reason housing prices have stayed so high in a period of rising rates. We also consider the right time to sell a home and downside and the impact a changing real estate sales market might have on real estate agents careers. We discuss the foolishness of keeping money in low-yield savings accounts. We also hear from listeners:

How should a brokerage accoiunt be consolidated?
Getting a lot on a savings accounts and hoping rates stay high.

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Want to Pay Less? Nov 20, 2023

If you want to reduce the amount you pay the IRS in 2024, there are several things you can do before the year is up to reduce your tax burden. If you wait until it's time to file next April, your deduction options are severely limited.

Listeners ask us:

If I convert one IRA to a Roth, must I convert them all?
How do you choose between financial advisors with widely divergent strategies?

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Pre-Turkey Q&A Nov 17, 2023

In this episode, Don addresses the following:

Why should a portfolio be rebalanced regularly?
Is a state teacher's pension pre-tax money or can it be rolled over tax-free?
What is the difference between the pre-tax, Roth, and after-tax 403b options?

Finally, a listener appreciates the Medicare episode.

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Are Advisors Obsolete? Nov 16, 2023

As AI grows exponetially more knowledgable, are investors ready to move from human to many investing advice? Are there skills that people have that artificial intelligence can't mimic? Plus, listeners ask:

What is the best order to draw from various types of retirement accounts?
Which is the better Avantis total market ETF: AVGE or AVGV?

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Most Don't Know Nov 15, 2023

When Tom finally sits down with the finance guy to buy his car, he is pitched a bunch of extra warranties and given some terrible investing advice. So, today, we discuss all of the mistaken beliefs people have about investing.

Then, we hear from listeners asking:

Is it better to buy houses or invest in stocks and bonds?
What is the required minimum distribution formula for retirement accounts?
Finally, we get a call from someone who has done well in real estate.

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World of Opportunities Nov 14, 2023

With U.S. stock prices running hot versus the rest of the world, could your portfolio benefit from more international stocks? Tom and Don share some numbers and historical data. We ask, is Robin Hood's 1% IRA contribution worth it? Don reads a bad review. Then, because of technical difficulties, we hear from just one listener:

How should a young person's retirement be invested in Vanguard funds?

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Hedge Fund Fail Nov 13, 2023

We share yet another example of the premise that luck is behind the success of most professional money managers. A new book portrays Ray Dalio, the founder of the giant hedge fund Bridgewater Associates, as just another average investment guesser who may have gotten lucky in the past. Then, listeners ask:

Should I sell old I-Bonds and pay the penalty to invest in newer bonds with a fixed rate plus inflation adjustments?
How should I allocate my employer retirement investments between various Vanguard funds?

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Four Q Day Nov 10, 2023

This Friday, Don answers questions about:

How many beneficiaries of a 529 plan can transfer $35,000 into a Roth IRA?
Does a micro-cap fund have a place in a portfolio?
Should a retirement lump sum be investing in rolling maturity fixed annuities?
Is there any reason to NOT fund a 457 plan?

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A Mere Million? Nov 09, 2023

The average American family’s net worth has risen to 1 million dollars, yet few of us have the money for a $500 million yacht. However, there are 16 million mini-millionaires in the United States. How do you join the millionaire (or upper-middle) class? LIsteners ask:

Does it make sense to tax-loss sell a total bond ETF to a tax-free bond ETF?
Should you sell funds when they have gone up 20%?

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Working in Retirement Nov 08, 2023

Retiring later seems like a viable option for those who failed to save enough to afford retirement. What is the reality of working past 65? What are the new 2024 retirement plan contribution limits?

We take listeners' questions:

Should liquid money be invested in a 13-month CD?
Can a portion of a parent's HSA be used for an adult child?
Can a storage unit buyer transfer old savings bonds to his name?
Should a small pension be withdrawn as a $30,000 lump sum?
What should a 62-year-old do to catch up on retirement?

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Fiduciary Future? Nov 07, 2023

After failing several times, the Department of Labor will try again to make all retirement plan advisors act as true fiduciaries. The insurance industry will be suing to keep you paying them high fees and commissions. If you want excitement, find it anywhere but in investing. What are the lessons of the convicted fraud perpetrated by Sam Bankman-Freid and FTX?

Our listeners want to know:

Should an investor move from one small-cap value fund to another?
What's the best way to invest money for grandkids' long-term future?
What should be done with a capital gain from real estate to avoid taxes?

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Rent and Invest? Nov 06, 2023

Buying a home may not be as smart as renting. Rising interest rates have pushed the cost of home ownership far above the price of renting a similar home. Yet, home prices have not fallen enough to offset the differences. Plus, what does "kit and caboodle" mean?

Listeners ask:

In order to create a simpler portfolio, does it make sense to wait until prices of existing securities recovers?
In a somewhat hodgepodge portfolio, should an ETF be sold to buy CDs?

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T.G.I.F.B.I.A.Q. Nov 03, 2023

It's Friday, and Don takes your questions:

What's with the weird ticker symbols for retirement plan funds?
Does it make sense only to fund a mega-backdoor Roth IRA?
Is it smart to loan a child money for a home?
Should money from a 401k be used to pay off a mortgage?

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Small Investors Win? Nov 02, 2023

Have small investors finally gotten smarter than the market? Using misleading data from Robin Hood, The Wall Street Journal tries to make traders appear prescient. Then, we answer these questions:

Which Vanguard bond fund do we prefer for an IRA?
What is a Social Security benefit reduction, and why should you wait to collect?

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High Costs of "Free" Nov 01, 2023

Every year we are inundated with ads for Medicare Advantage plans. So, are there any real advantages and what are the downsides? One caller criticizes Medicare Advantage programs

Others ask:

About contributing to a company 401k plan at age 60 with few retirement assets?
What can be done with a bad company retirement plan consultants?
Does it make sense to invest in target date ETFs in retirement?
What some good investments for grandchildren?

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Spike Setbacks Oct 31, 2023

Don goes it alone for a couple of episodes.

It appear that mist of the financial setbacks over the past fifty years have followed periods of rapidly rising rates. What can you do to protect against risng (and falling) interest rates? What is the historical norm for rates? Plus, Don talks about the first-of-its-kind target date ETF.

Callers ask:

What should be done with his stock portfolio in the current market?
Why is my retirement plan at work showing a large loss?
Should a portfolio of active funds be moved to index funds?

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Fysics: Diversification Oct 30, 2023

In this episode, we open Don's "good" book, Financial Fysics to the section on the power of a well-diversified investment portfolio. We take some questions, too:

What should be done with two maturing annuities?
How should a $5 million portfolio be invested to reduce taxes?

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403 and Annuity Q-Day Oct 28, 2023

On today's Q&A show:

Why is an attractive-sounding annuity a bad idea?
Are there times when a 403b shouldn't be rolled into an IRA?
How can someone complain about insurance products in a 403b?
When can a contribution be made to a mid-year HSA?
What's the best way to invest in various types of accounts?

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Hard to Retire Here Oct 26, 2023

Far too many Americans fall through the cracks in the U.S. retirement system. In an age of few pensions, many don't invest for retirement and can't survive on just Social Security. How do we get more workers to save more and invest better?

Listeners ask:

For a primer on brokered CDs. Are callable CDs worth considering?
Which is better: a money market or certificate of deposit?

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Whither Interest Rates? Oct 25, 2023

We discuss the current state of the bond market and the possibilities for the future. Is there any way investors can outguess the bond market (or any other securities market)? Plus, we talk about Tom's new iPhone 15.

Listeners would like to know:

What is the difference between a money market account and a money market mutual fund?
Was it wise to purchase 20-year bonds for long-term income?
Where should money be placed to make money without risk?
Do we think Fundrise is a good place to invest?

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60/40 Dead Again? Oct 24, 2023

Six month's later, the Wall Street Journal contradicts itself in the debate about the efficacy of a 60% stock/40% bond portfolio. Understand how a short period can influence our long-term perception. Plus, what are your alternatives to traditional stock/bond investing?

Our listeners ask:

Why would you use a regular IRA when you expect to be in a lower future tax bracket?
What do we think of the TSP "G" Fund vs BND?
How should a late retirement saver invest?
Should a retirement account with an insurance company be moved elsewhere?

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Is Betting Better? Oct 23, 2023

Could betting markets predict the future? The evidence shows that the "wisdom of crowds" has been pretty accurate. In finance, they call it "the efficient market." Essentially, this means that, in aggregate, a large crowd (like the global stock market) is likely to be a more accurate future prognosticator than you or even professional managers. Then listeners ask:

What are the best investments for young grandchildren?
Should dividends be reinvested or paid out?

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Many Questions and Answers Oct 20, 2023

This week:

Why do we like the Utah 529 Plan?
Should BND be sold to create a ladder even if it's down?
Why don't we mention M1 Finance?
What do we think of the Fidelity Zero funds?
Can a corporate bond ETF replace a money market fund?
Is 1% per year a fair fee for an investment advisor?

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Annuities Are Sold... Oct 19, 2023

Because they are so popular with financial salespeople, we need to talk about the confusing world of annuities. What are they and what are those who sell them failing to disclose? Discover the realities of these very complex (and lightly regulated) insurance investment products. Plus, we get annoyed with some if Suze Orman's simplistic and hyperbolic advice.

Listeners ask:

Which investments should be in taxable versus tax-advantaged accounts?
Why do we like AVGE when it's an "active" fund?
Why doesn't Tom buy his new car through Costco?
How should one go about saving extra money for an early retirement?

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Too Much Cash Oct 18, 2023

Young investors have a lot of money in cash because they fear the stocks market. Yet, the best time to invest is when you are young because you have time to ride the ups and down of the market. Then it's question time:

What can be done after an adviser puts money into an annuity with the client's permission?
Why does a CD ladder makes sense?

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Crypto Sucks... Oct 17, 2023

How much might Bitcoin appreciate per year? Someone claims to know. Then, a Bitcoin farm can consume the energy of a small city and while the Chinese won't allow them in China, they have no problem consuming our power and maybe even our national security secrets. Is Bitcoin worth the costs? Don shares some actual numbers. Listeners ask:

Do we know of a great 529A Able Plan?
What do we think of a simple portfolio and when should it be rebalanced?
Are more bonds needed in a portfolio?
Is there a case to be made for a traditional, tax-deductible 401k?
What do we think of an ESG portfolio?

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Funding Higher Education Oct 16, 2023

A special episode devoted to paying for your children's higher education. Appella Wealth college-funding specialist, Jim Femia joins Tpm and Don to share his expertise on the various ways you can afford to help your kid's get through college.

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Friday is Question Day Oct 13, 2023

Friday is when Don takes the questions you record at Talking Real Money:

Why do Treasury security yields change throughout each day?
How do you check out a fee-based advisor?
What do we think of a company's new fund options?
Does his advice for a friend's retirement portfolios make sense?
Is the ETF "HIGH" a decent investment?

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Friends and Money Don't Mix Oct 12, 2023

A Washington Post advice columnist suggested firing a financial advisor friend. How can you find the right person to manage your money? Then we hear from lots of listeners:

Is it better to invest fixed income dollars in bonds or laddered CDs?
Will moving from one brokerage firm to another cause a taxable event?
When is the best time to make a QCD?
Why doesn't the Fed raise rates in one big move?
How can an employee get out of an Edward Jones 401a?
Which of many bad choices should a school district employee use in 403b?
How does Merrill Lunch differ from Schwab?

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Costs of Being Mortgage Free Oct 11, 2023

There's a lot money tied up in our homes, so should you pay off your cheap mortgage? What are the costs to access all of that money should you need it? At Bank of America, it could cost up to 10% for a home equity line of credit. We talk about the potential future of bond prices. The we here from a bunch of Kens, a Barb (and others):

What happens to the homeowner's capital gain exemption if you rent you house for a few years?
Does direct indexing make investing sense?
To invest in other funds should I wait until the old securities price goes up?
How much risk should someone with a high risk capacity, but no need for risk, own bonds?
Should I-Bonds be sold and reivested in CDs?
Do QCDs (qualified charitable distributions) makes sense?

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Dumb and Dumber Money Oct 10, 2023

The movie "Dumb Money" depicts a small slice of the pandemic meme stock trading stupidity. Today, we discuss trying to time the market and it's similarity to other ways we lose money. Then, listeners ask:

How much should be kept in the short-term liquid accounts?
Should we take money from different types of account in different markets?

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Fear for Financial Future Oct 09, 2023

A recent study found that the vast majority of Americans don't believe they will be in good enough financial shape to retire at age 65. What are some of our biggest concerns and how can we deal with our unpreparedness? Plus, we share the tale of a money talk show host who went wild with listeners money. Then, we here from listeners:

One takes us to task for sharing mutual fund portfolios instead of just ETF portfolios.
Another asks where Health Savings Account (HSA) should be invested.

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One Week Later: More Qs Oct 06, 2023

In this Friday's Question and Answer episode:

While stocks plunged for most of the Great Depression, how did bonds perform?
Does it make sense to convert to a Roth if the taxes are paid from the IRA?
Does taking early Social Security payments and investing them better than waiting until age 70?
How is a lump sum pension distribution taxed and should it be used to pay off a house?
In which kinds of accounts should different types of investments be kept?
Why do we state that homes haven't been a great investment over time?

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Our Jobs Are Secure Oct 05, 2023

Trillions of dollars are wasting away in low-yielding bank accounts. Why do investors keep making the same investing mistakes, over and over again, despite evidence that investing is incredibly simple if done right? How can you avoid making bad investing decisions? We also discuss the huge spread between savings account and credit card interest. A listener asks:

Is her brother's dividend portfolio a smart way to invest?

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Ending Conflicted Advice Oct 04, 2023

The 401k and 403b investment offerings are a mess and the US Labor Department would like to make it better, but the financial product industry opposes mandating truly honest investing advice. Salespeople aggressively push expensive or unsuitable products, while the low cost products are hidden from participants view. What can you do to avoid the bad products and fiind the best retirement investments for you? Plus, listeners wasnt to know:

What is our problem with target-date funds?
Can an inherited IRA be gifted away?
What should be done with investments when someone enters long-term care?

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Shutdown Shut Down Oct 03, 2023

We came prepared to talk about the impact of a government shutdown on your investments. Just as we came on the air, Congress voted to defer the issue for another 45 days. Yet, what would be the financial impact of another shutdown? We look back at the recent performance of the markets. Don shares some great streaming TV shows with Tom. Fund fees keep falling. Then, listeners ask:

What should be done with some extra cash in retirement?
Should marketable limit orders be used when trading ETFs?
What is a reasonable expected return for a portfolio?

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You Can't Win Oct 02, 2023

The evidence continues to show why most "expert" money managers fail to beat their benchmarks. Don and Tom share some powerful academic reasons why money managers (and you) are unlikely to beat the market over time. Plus, those once-hot NFTs have turned icy cold, losing billions of dollars.

Then, we take some questions:

Is the I-Bond early-withdrawal interest penalty from early interest or the latest amount?
With Social Security in trouble, what is the best age to take withdrawals?

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A Unique QCA Day Sep 29, 2023

In today's question and comment episode:

Don is appalled by another great example of a slick salesperson selling a horribly complex and misleading insurance investment for retirement.
Should a Roth be funded for someone on the cusp of making too much money.
A listener shares positive comments about a recent show.
Does overfunding a 529 to allow a future Roth IRA transfer to a child make sense?

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Trustworthy Advice Sep 28, 2023

A recent study shows that most people trust the right people for investing advice. What is your trusted source of money information? Then, we hear from listeners:

What do we think of this retirement portfolio, heavily invested in real estate trusts?
Does the Schwab CD ladddering tool look good?

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You're Making Less Sep 27, 2023

Morningstar recently reported a ongoing gap between investor returns and the returns of the stock market. You and your behavior make less than underlying indexes. We discuss Tom's attempt to buy a new Toyota and the lack of resonse to his queries.

A caller shares his long history as a trader.
Another looks for our opinion on real estate investment trusts (REITs).
Is there any way to avoid the capital gain on the sale of property?

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Bad Money Radio Sep 26, 2023

Finding good financial advice is really tough. You might believe that those providing money information in the media are required to tell the truth. They're not. You need to carefully vet anyone providing investing information. We take a close look at the truth behind one the money radio shows in the Seattle radio who calls himself "The Money Professor." We find out there is less there than meets the ear. WE also look at some of the best CD rates and discuss laddering.

Our loyal listeners ask:

Are Dimensional funds passive or active?
What the the first steps to getting started investing?

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It's Not Investing! Sep 25, 2023

Instead of lining up at the track or using a bookie, today's compulsive gamblers have a respectable way to feed their dangerous habit: short-duration option trading. The amount of money gambled away in securities markets is staggering, and it is no better than playing slots at a casino. It may be worse. We also discuss the egomaniacal comments of Bill Gross.

Listeners ask:

Which is better: Regular or Roth retirement accounts?
What do we think about Titan Capital?

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A Whole Lotta Calls Sep 22, 2023

In this week's Friday Q&A session:

A caller shares information about the downside of non-qualified deferred compensation plans at work.
Should some olf 401k plans be moved to a current 401k?
In a TSP, what should the fixed-income allocation be?
Do investors need to be diversified globally in large-cap stocks
Is his international diversification appropriate?
Does longevity insurance make sense?

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Retiring With Less Sep 21, 2023

Most "experts" say you'll need $1 million or more to retire comfortably. How will you get by if you've saved less than that, and how can you catch up if you're short on retirement savings? Plus, we hear from listeners:

What do we think of an expensive 403b investment?
Can funds from a Coverdell ESA be transferred to a Roth IRA?

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Don't Be Dumb Sep 20, 2023

With the release of the meme-stock movie "Dumb Money," it seems like a good time to discuss the reality of chasing after the latest hot "investment." Then, with Don tending to his ailing mom, Tom is joined by Paul Merriman to look back at an old, hot investing craze, the "Nifty-Fifty" and to answer listener questions:

What's the best way to educate grown children about money and investing?
With the UAW on strike, are we likely to see defined-benefit pensions return?

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Retiring Wrong Sep 20, 2023

Choosing the right time to take Social Security can add hundreds of dollars every month. With Don away on family matters, Tom is joined by Paul Merriman to discuss money and investing.

Listeners ask:

Does his decision to take Social Security at FRA make sense?
What do we think of Ken Fisher's investing philosophy?
What will provide a high return without much risk?
How should a 16 year-old invest accumulated savings?
What's our opinion of a new Avantis balanced ETF?
Does it make sense to convert an IRA to a Roth?

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Tax Avoidance Reality Sep 18, 2023

Investors are trying to avoid paying taxes to the detriment of overall returns. Tom and Don discuss tax strategies that might make sense. Plus, it turns out those GICs or guaranteed income accounts aren't actually "guaranteed."

A listener asks:

Is there any reason to be concerned about Vanguard funds reorganization plans?

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Q&Again Sep 15, 2023

It's everyone's favorite day: Q&A Friday with Don. This week listeners ask:

Why don't more online brokers adopt automatic rebalancing?
Why should we invest overseas when international stocks have done poorly recently?
Does it make sense to take a loss on longer term bonds and move to one-year CDs?
What do we think of VIOV vs AVUV?

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Leverage Wins and Loses Sep 14, 2023

Who wouldn't love double or triple returns on their investments? What is the downside to leverage?

Listeners ask:

What do we think of Mercer Advisors and their sub-advisors?
Should money be moved from a less aggressive small cap value fund to a more aggressive one?

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What Good is Gold? Sep 13, 2023

Over centuries, gold has proven to be a lousy investment. Its big selling point has been "safety." But, is gold really safe? What good is gold? Then, listeners want to know:

Should a home equity line of credit be used to buy a new home?
What's the best way to make a lot, quickly, with both safety and liquidity?
What should be dome with retirement investment money after maxing out retirement plans?
Should I-Bonds be sold now that they're earning less?
After big losses from a brokerage portfolio, what should be done?

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Who Will Protect You? Sep 12, 2023

Because people have been known to rip off customers, the financial industry is heavily regulated, with a few exceptions. We explore how indexed annuity salespeople get away with misleading customers and how hard it is to stop them. Don explains how indexed annuities work and why they are so lightly regulated.

Listeners want to know:

Why is BND going down in value?
How should unneeded money in IRA be invested?
What do we think about the four-year Bitcoin cycle?

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Your Investment Priorities Sep 11, 2023

Advisor Diana Bacon joins Tom and Don to discuss those future purposes for which you need to invest. Should you invest for a house, education, retirement, or beer, and how much for each? Listeners ask:

Is a Fidelity investor limited to their funds, or can a couple of ETFs work?

Is buying individual bonds better than a bond fund?

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Saturday Eve Qs and Cs Sep 08, 2023

In this Q&A (and C) episode:

What's the best way to sell gold for an estate and what are the tax ramifications?
What type of 401k is better for charitable contributions?
Those Vanguard transaction fees get paid back into the funds.
Can an index fund be traded, tax-free for an ETF from another firm?

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Past Isn't Prologue Sep 07, 2023

For decades, bonds moved differently from stocks. Then they moved together. So, what will happen in the future? In addition, can you know things that the "market" doesn't? Why do we refuse to jump on "investing" bandwagons like crypto? Does a crypto ETF makes sense?

Listeners want to know:

Is it better to invest now of dollar-cost average into the stocks market?
What is likely to happen to real estate prices?
Are CDs the place to invest safe dollars?
How can an illiquid investment vehicle be liquidated in an estate?

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Keep Messing Up Sep 06, 2023

In this episode, we explore a couple of the big mistakes investors make and clearly and simply explain how to avoid. But, we know most of you will ignore our advice. Thank you! Listeners ask:

Is a 401k plan better than an IRA?
Why did we ignore this 10-year high-yielding CD?
Where should emergency funds be parked?

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Bleak Future for Gen X? Sep 05, 2023

Is Generation X in retirement funding trouble? With few pensions, low savings, and small portfolios, will Gen X be able to retire comfortably? The listeners ask Don and Tom:

What do we think of "defined outcome" funds?
What is our opinion of 401k investment choices?

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Pre-Labor Day Q&A Sep 01, 2023

In today's end-of-week edition of interaction between listeners and Don:

Would the tax savings from a deductible 401k beat the tax-free aspect of a Roth 401k?
Will savings be adequate to provide income while waiting until age 70 to take Social Security?
Amounts paid out-of-pocket – instead of an HSA – for medical expenses are eligible for early withdrawal.
Does it make sense for a couple with only one money-managing spouse to invest with an advisor?

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Too Large to be Small Aug 31, 2023

If you want to overweight small cap stocks, be aware that small cap index funds are filling with larger sized securities. How can you make sure your small cap portfolio is actually small? Then, listeners ask:

Would it be better to dump this active Vanguard "fundle" to move to index funds?
Which CD is better: Pays interest at maturity, or pays interest monthly?

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Can You Bank On Riches? Aug 30, 2023

Investing is risky. CDs are safe. So, why not put your money in the bank for ten years at high rates? Tom and Don debunk the popular myth that there is easy, safe money. Remember, the money media will tell you what you want to hear. Listeners want to know:

What do we think of a loaded, managed mutual fund portfolio?
What are our thoughts on bond fund durations, and what's a good time frame?
Does taking an extra risk with a retirement portfolio makes sense?
What's our opinion on Schwab's private client services?
How do fiduciary advisors get paid and how much?
What are advisors still recommending bond funds?

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Quacks Like a Commission Aug 29, 2023

We discover that Vanguard charges fees to buy and sell some of their mutual funds. What's the difference between a transaction fee and a commission? Plus, are friends and family the best resource for fiduciary financial advice? What's the best way to find a great financial advisor? After Bob Barker's passing, Tom states, "The Price is Right." Then, we hear from some listeners:

Is FICA charged for income from retirement plan withdrawals?
Will a widow receive the whole capital gains tax exclusion on a primary home sale?

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Be a Famous "Stopped Clock" Aug 29, 2023

Apparently, to become a famous market prognosticator, you only need one accurate guess. Tom and Don wonder why we still hang on the advice of those who rarely, if ever, make a correct guess about market direction. Then we hear from some of you:

Is my partner right to be concerned about my retirement portfolio?
Is is too late to fund a 529 for older kids?

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More Friday Questions Aug 25, 2023

Here are today's questions:

Is a friend working with a good advisor?
What's the best way to move money from an appreciated mutual fund to a more tax-advantaged fund?
How does an organization determine the proper risk profile?
How can a a well-diversified ETF portfolio created?
At what age does a custodial IRA need to be turned over to a beneficiary in Washington?
How should an investment property be sold and the proceeds reinvested?

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New No-Risk ETF Aug 24, 2023

We all want to make lots of money with no risk. Well, you can't have both. That hasn't stopped many in the financial and insurance business from creating products designed to make it appear you can receive wealth without risk. Tom and Don share the latest confounding example of this phenomenon. Then we answer listeners questions:

How does the new law allowing $35,000 to be moved from a 529 to a Roth IRA work?
How do you adjust the retirement withdrawal rate between a traditional 401k vs. a Roth?

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Retirement Is In Your Hands Aug 23, 2023

Most of us are not ready for a financially secure retirement. Americans are increasingly on their own when it comes to creating a life-long retirement income stream. What will it take to make us better retirement investors? One of the biggest problems are the high-fee (and commission) annuity products foisted on 403b plan participants by insurance companies. What should you do to become a better rtetirement investor? Plus, why is CBS News allowing blatants ads for gold investing and gold IRAs to be posted online under its name as news articles? Listeners want to know:

Is it better to consider the "30-day SEC yield" or "estimated distrubution" when considering bonds funds?
What is a reasonable fee to pay for a fiduciary investment advisor?
What's the best way to rebalance taxable and retirement accounts?

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Interest Rates: Up or Down? Aug 23, 2023

First, "they" said rates could never fall to almost zero. Then,"they" said rates wouldn't go this high. Therefore, it's apparent that "they" don't have a clue. So, what should you do? Should you buy long-term bonds? Should you buy a house? Then listeners ask:

When does it makes sense to buy long-term care insurance versus self insuring?
From a tax-planning what should be done with a hodgepodge portfolio heading into retirement?

Finally, Don discovers that he's been earning one cent a month on small Bank of America savings account while paying $8 a month in fees.

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Loud, Obnoxious, and Amoral Aug 21, 2023

His prices may have been insane, but "Crazy" Eddie Antar was a cold, calculating criminal who used his incredible fame to rip people off for over a decade, from the late 1970s and late 1980s. Tom talks about his many crimes from the book "Retail Gangster - The Insane Real-Life Story of Cray Eddie." He then shares lessons that need to be learned from this shocking story.

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Q Friday, A Aug 18, 2023

On today's Friday Q&A episode:

Is there a way to move from one appreciated fund to another without a tax hit?
How many stocks are in AVGE?
What is the best way to give appreciated assets to charity and receive an income?
Is it better to take money out in retirement once a year or by averaging out over the year?

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Passive Leaders Aug 17, 2023

We share which passive, unmanaged funds have made the most over the past decade? However, does past performance tell you anything aboit the future? Then, we answer questions from a couple of listeners:

Should new money be used to rebalance?
In it worth converting a mutual fund to an ETF within an IRA?

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Balance Beats Target Aug 16, 2023

Does the fact that target-date funds (which hold international stocks) have underperformed their balanced competitors (with generally on US companies) tell you anything about their future?Plus, why is the financial media keep taking the easy path by suggesting big, blue-chip stocks? Oh, and Tom shares a joke from a Norwegian listener. Then, callers want to know:

Does it makes sense to start using new Roth option at work versus the old degerred plan?

Is 10 years enough time to invest in a well-diversified portfolio or does a target-date fund make more sense?

Does it makes sense to convert funds in a qualified plan to ETFs?

How can taxes be reduced on portfolio?

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Product Peddler Piqued Aug 15, 2023

The show starts with a relatively tame discussion of the reccomendation to sell I-bonds and move the money into long-term Treasury bonds. Then, our first call sets off fireworks as attempts to claim that equity indexed annuities (EIAs) are wonderful, fee-free products that we unfairly slam. This is a conversation not to be missed. The raest of the show is filled with others callers:

How should a conservative retiree be allocating investments?
Looking advice on moving from a 401k to an IRA?
How to invest after maxing out qualified retirement plans?
What should be done with savings at US Bank if they are in trouble?
How can gold coins be sold?

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Don’s European Vacation Aug 14, 2023

Talking Real Money Special Travelogue Edition

After taking his longest vacation in many years, Don share his thoughts about the trip, the ship, and his feelings about vacationing. To follow along with pictures, please visit the podcast on talkingrealmoney.com

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Post Vaca Q&A Aug 11, 2023

Back from vacation, Don shares some programming changes then answers listeners questions:

Should a bunch of funds be moved into to new Avantis Value ETF, AVGV?
How should childrens' Roth IRAs be invested?
With Voya as 401k custodian, what should be expected?
Does it make sense to move to a more aggressive target-date fund?
With a 401k in Fidelity Freedom funds, should a Roth IRA be overweighted to small cap?

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Are Homes Too Expensive? Aug 10, 2023

Don is back from vacation while Tom is well into vacation and yet they managed to get together to discuss the relative unaffordability of single family homes. Are homes more expensive than ever? Plus, homeowners are borrowing record amounts of equity from their homes. Then we hear from listeners:

How can I essentially gamble with my retirement money in penny stocks and IPOs?
On track for an early retirement at age 55?

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Cash Is King? Aug 09, 2023

Don is still away, but will be back soon. In the meantime: Who needs those risky stocks? A brilliant 25-year claims to have discovered the incredible power of nice, safe CDs and savings. How and how much should be invested in cash versus stocks and other investments?

Then, our listeners want to know:

What should be done with an annuity in a retirement plan?
Does it makes sense to move money from one annuity to another?
What is a qualified annuity trust?
Can an IRA be given to a charity avoiding taxation on distributions?
What's the best way to generate retirement income to delay Social Security?
Does a QCD avoid taxes on an RMD?

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Moody Money Movements Aug 08, 2023

After a technical problem bringing Don in live from Copenhagen, Tom carries on with Apella advisor, Derek Jobe and talks about our need to always be doing something with money. How much money do you need to retire comfortably? Listeners ask:

Does it make sense to move from from bond funds to CDs?
Should money be taken from a retirement plan and moved into annuities?
What can be done to make long-term care insurance more understandable?
How can it be determined when to take Social Security?

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Answers from Denmark Aug 04, 2023

Don answers listeners questions while sitting on the 10th floor of the Copenhagen Marriott (check the cover art for his view):

Is there a better way to create a balanced 60/40 portfolio than Fidelity Balanced fund
How to allocate any international portfolio between two American funds?
What's the best way to transfer a 403b annuity to Fidelity?
Is it better to overfund retirement early or low down to keep getting the employer match?

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The Social Security Game Aug 03, 2023

What do you know about Social Security. Join us for an exciting game that will help you learn more about most American's primary source of retirement income. Plus, we take some questions:

What's the best investment for a 529 education plan?
What are the costs for buying and selling brokered CDs?

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More Income, Guaranteed Aug 02, 2023

While "Waiting for Godot" (an obscure theatrical reference for many) ending up being a waste of time, waiting for Social Security could be very lucrative. Yet, few people manage to hold off until age 70. With Don in Copenhagen, Tom and Paul Merriman discuss this simple yet valuable strategy for enjoying more income in retirement.

Then on to your questions:

Paul is asked to elaborate on Christine Benz's 3 bucket strategy.
With rates up, should bond money be moved to CDs?
Is it reasonable to pay an investment advisor 1% per year?
What should be done with an inherited IRA at Edward Jones?
What's the best way to catch up on retirement investing later in life?

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Wrong Time for Risk? Aug 01, 2023

Don is still lounging around the North Sea (and editing this podcast). So, Tom in joined by Paul Merriman. The S&P 500 has soared 20% so far this year and now that "the market" (has been) "is" up, investors are feeling frisky. So, is it time to dive back into the equity pool.

Paul discusses the number one reason to buy index funds and why you should buy when the market is down. He also talks about using target-date funds in conjunction with a small-cap value offering.

Callers ask:

What should a son do with money in his IRA?
Does is makes sense to buy shares of stock in the Atlanta Braves?
Is there a downside to having everything invested with one custodian?

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Icelandic Q&A Jul 28, 2023

Don's on his summer cruise, freezing in Iceland, and answering questions:

Does a portfolio of specific date bond ETFs make sense?
Should a 28-year old retirement investor use target-date funds or AVGE?
How much is needed to become our client?
Should retirement money be invested in Schwab Intelligent Portfolios?
With today's high yields do CDs have a place in a retirement portfolio?

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SPAC'd Out Jul 27, 2023

They gave you the chance to get in on the ground floor of hot new businesses. Special purpose acquisition companies or SPACs were hot "investments" not too long ago. So, what happened?

Then, on to questions from listeners:

A military member looks for advice on TSP portfolio and wants advice on money in cash accounts.
What's a good three fund strategy for TSP investments?

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Major Money Mistakes Jul 26, 2023

While Don sails across the North Atlantic, Tom mans the podcast and discusses overrated financial concepts and how you deal with money.

Then come the callers:

Does it makes sense to have both a 401k and a Roth IRA and what are the differences?
Have we forgotten about the less tangible aspects of a paid-off mortgage?
What’s the best way to convert a regular IRA to Roth IRA?
Is a Roth 457 better?
What’s the best way to avoid the high fees at Empower?

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Tom and the Consumerman Jul 25, 2023

With Don on vacation, Tom spends some time covering the basics of investing. Later he is joined by Consumerman, Herb Weisbaum discussing the latest scams. They also discuss the pros and cons of electric vehicles. Callers ask about:

What are the reals costs of mutual funds and ETFs?

How to start working toward a financially secure retirement?

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Don's Away Q&A (and C) Jul 21, 2023

Even when on vacation, Don tackles an array of questions and comments from listeners, including:

How should an inheritance be invested for a vacation fund?
Is this portfolio allocation too aggressive?
A listener lays out his case for crypto currencies, and Don responds.
What traits should an investor look for in a financial advisor?

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Larry Swedroe Part 2 Jul 20, 2023

In this episode, author Larry Swedroe shares his opinion on various alternative asset classes for investment. We also look at the confusing state of ESG investing and the differences between the returns of "green" and "brown" stocks.

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Larry Swedroe Part 1 Jul 19, 2023

In this episode, Tom and Dan talk with prolific author and director of research at the BAM Alliance about the differences between passive and active investing. We also discuss the tax differences between mutual funds and exchange-traded funds and the benefits of diversification across various asset classes.

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Prioritize Retirement Jul 18, 2023

Don't spend too much of your savings on a child's college education. People often retire because they can no longer earn a living, so you must ensure your retirement is your financial priority.

Then callers ask:

What should be done with a hodgepodge portfolio?
What can be done with a currently non-deductible disaster loss?
What should be done with the stocks in a company purchase plan?
Still trying to discover the value of some of Warner Bros. stock.
How should a bunch of individual inherited stocks be sold?
Should money be placed in a tax-deferred or taxable account?

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Beware of Old Rules Jul 17, 2023

Nothing from the past can give you a reliable way of predicting the future. Does an inverted yield curve guarantee recession? Does the stock market predict a booming economy? Lots of things work until they don't. Will ETFs kill mutual funds? Then we hear from lots of you:

What do we think of a Fidelity fund, and where should future investments go?
What should be done with a long-term taxable account?
What's the best way to fund the gap between early retirement and age 59?
What do we think of his financial advisor's advice?

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Another Great Day of Q&A Jul 14, 2023

In today's pre-vacation question and answer session Don addresses:

Concerns about the young age of funds like AVGE.
Are Fidelity Enhanced funds like Dimensional and Avantis funds?
With the yield below 4%, should I-Bonds be cashed in and moved to saving accounts?
Which money market yield quote is the right one?
Does it make sense to fo with three funds instead of ten to simplify rebalancing?

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Robo Reality Jul 13, 2023

Today, after a robot briefly seizes the podcast, we talk about the power of advice and when hiring a robot to help you invest makes sense. We also compare a few of the biggest robo-advisory firms.

Then we hear from listeners:

Praising our help.
Where is a great source for information on taking pensions and annuitization options?
What should be done with a grandchild's investment vehicles and portfolio?

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Cancellation Frustration Jul 12, 2023

We start with proof that "Luke from WI" is real. Then, we dive into the topic du jour; those annoying never-ending subscription charges. How can we better manage and eventually cancel them?

Then, we take your questions:

Isn't rebalancing a form of market timing?
Is a cash-hoarding financial advisor incompetent?

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Not What You Thought Jul 11, 2023

It can be difficult to get precision investment allocation with "pure" index funds. What are index funds, anyway?

Callers ask us:

Do stock investments make sense at age 70?
How good are the investments in a broker-designed portfolio?
What do we think of a dividend-centric portfolio? Then, we discuss the pitfalls of a high-income portfolio.

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Our Own Worst Enemy Jul 10, 2023

"Do as I say, not as I do," Many in the financial advice business epitomize this aphorism. A few are brave enough to admit that they fail to follow their own good advice. One of those is Christine Benz from Morningstar. Why do we fail to follow what we know to be good financial advice? That's up for discussion in this episode.

Callers want to know:

Is there a better parking place for a future home down payment?
Do you need an emergency fund in retirement?
Can money be moved from a regular IRA into a gold IRA?

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Red Hot Qs Jul 07, 2023

On this week's Friday Q&A:

Vanguard has made another customer angry with their $25 fee and they want to know how to move.
Do these two ETFs provide enough diversification?
After one year in a Kai-Zen Trust, a disillusioned buyer wants to know if he should continue funding it.
What do we think of Dave Ramsey's advice to take Social Security payments at age 62?

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Student Debt: What Now? Jul 06, 2023

With the US Supreme Court ruling against the student loan, elimination plan, what can students do now to help reduce the burden of their education debt? Plus, we talk about special people and their special financial treatment.

Then, listeners ask:

Should they go ahead and annuitize a variable annuity or move it into an IRA
Is this work 401(k) plan diversified enough?

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Finally, Good Money News Jul 03, 2023

In this episode, we share the surprisingly good returns for 2023 so far and what it means going forward. Then we share a terrible way to find a fiduciary investment advisor and why it’s so hard to find high-quality financial advice.

Callers ask about the following:

Flexible withdrawals in retirement planning. We explain how withdrawing a reasonable percentage each year can provide a sustainable income.
Using QLACs (qualified longevity annuity contracts) as a means to avoid RMDs (required minimum distribution).
What are value stocks, and how are they more aggressive?

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Last June Day Q&A Jun 30, 2023

In today's Q&A session:

Does it make sense to buy a new home free and clear with the proceeds from the old house?
Which Vanguard bond fund is the best choice?
What are good ETFs in which to start investing overseas?
Are these 401k funds active or passive?

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Get More From The Banks Jun 29, 2023

Lookin' to make 5% on your fixed income investments? With most banks still paying pathetic interest rates, there is a trick to getting substantially more on FDIC-insured CDs.

Then, we hear from you:

What should be done with a portfolio of almost 500 individual bonds?
What investing advice do we have for armed services members?

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Little Do They Know Jun 28, 2023

We are inundated with "expert" financial advice. Is it worth heeding? There are a lot of people who claim to be able to predict the financial future, but they all have one thing in common with plain old us. They CANNOT know the future. So, why bother listening, watching, or reading their advice? Then, we hear from some of you wondering:

If Bitcoin makes simple mathamatical sense as an investment?
What do we think of lightly traded ETFs?

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Retirees Biggest Mistakes Jun 27, 2023

What are the big issues that drain your wealth after you retire? Here are five of the biggest wastes of money in retirement: Housing, health, scams, Social Security, and investing.

Listeners ask:

How can I be sure that my portfolio reflects my core beliefs?
How should money from a condo sale be invested in retirement?
After losing a job is life insurance still needed?

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Hard to Lose Everything Jun 26, 2023

Risk is part of life, but should we really worry about the possibility of losing everything? A 100% loss from your investments is almost 100% avoidable if you stop gambling. You can dramatically increase your chances of total loss with leverage.

Listeners ask:

Is a 6 to 7% esoteric bond product a safe way to create retirement income?
What should be done with five non-income producing real estate investments?

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First Summer Day Q&A Jun 23, 2023

In this episode, Don randomly ends up with a host of similar questions:

Is a tax-managed fund better than an ETF?
Is the tax-advantage enough to justify using a real estate ETF in a taxable account?
Should money be move out of an underperformingAvantis ETF?
Would it be smart to move from target-date funds into better performing ETFS?
What's the best place to park short-term money being used for home construction?

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Boomers Stick with Stocks Jun 22, 2023

The "Baby Boom" generation continue to own a large percentage of their wealth in stocks. Are they taking too much risk or are they saavy investors?

Then, listeners ask Tom and Don:

Can couples get around the "wash sale rule" by trading in their seperate accounts?
Should a portfolio's missing asset class be purchased slowly or all at once?

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The Dream of Easy Money Jun 21, 2023

Passive income is paradoxical. While it sounds like getting something for nothing, it either requires a lot of work or money (which generally requires wealth to accumulate). Why do so many people chase after this impossible dream?

Plus, you want to know:

How should a $250,000 nest egg be invested?
Should I ask my broker to help me invest in low-cost index funds and ETFs?

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Confident in Your Company? Jun 20, 2023

It's a lesson we constantly fail to learn: Avoid investing in your company's stock. Employees who believed their firm could not fail have lost billions of dollars. We compare the rate you can get on a Bank of America CD in the bank itself versus through a brokerage firm. The difference is shocking. Plus, how to make a CD ladder.

Listeners stop by to ask:

What should be done with an investment account with Securian?
What do we think of FDIC-insured online banks?
What should be done with a bunch of money that has no stated purpose?

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Better Not Look Jun 19, 2023

A bull market seems to encourage us to watch our investment portfolios more closely, which can lead to bad, emotionally-driven decisions. Why do we rush into the hot stocks? Plus, an example of studying an advisor's form ADV, Part 2.

Listeners want to know:

What kind of impact would moving investments have on average annual returns?
Is paying bills from a checking account or with a credit card better?
What do we think of Vanguard's new $ 25-a-month fee per mutual fund or brokerage account?

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QnAday Jun 16, 2023

In this week's Q&A episode:

Is it true you can live off of capital gains tax-free?
How should young adults' Roth IRAs be invested?
What do we think of the cash product from MassMutual's "Flourish" program?
Does monthly rebalancing make sense?

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Senior Stress Source Jun 15, 2023

As we approach retirement, several things cause concern, but what do retirees worry about most? Discover how to reduce concerns about running out of money before running out of life. Then, we hear from listeners:

Sharing a trick to own the market without using ETFs or funds.
Is Morningstar a good source to research funds recommended by my LPL advisor?

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Bond Investing Torture? Jun 14, 2023

Do you need a robo advisor to help you create a fixed-income portfolio? Can they make you more money while also charging you more? We compare a robo advisor bond buying service to cheap bond ETFs. Plus, we take listeners' questions:

Will returns rise if you never rebalance your portfolio?
A salesperson suggests moving an old 403b to his Roth IRA. Should I ask if he's a fiduciary?

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Money Media Mess Jun 13, 2023

Dave Ramsey received $30 million to promote a deceptive timeshare seller and now faces a huge lawsuit. Much of the financial advice in the media is bought and paid for, leaving you to wonder whose advice to trust.

Then a listener:

Shares his Tesla excitement, and we explain our concerns about owning Tesla or any other individual stock.

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Bovine Victory Jun 12, 2023

Look at that. Despite all of the "economic uncertainty," the longest bear market since 1948 has officially ended. How many stocks were responsible for the return of the bull? What does that mean for your portfolio and future? We also talk about small side hustles and the changes and troubles at Vanguard.

Then listeners ask:

How can an investor in a Fidelity retirement plan invest in international small-cap value stocks?
What can be done with an old annuity that is slow to pay out assets to the owner?

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Questions, Comments, Answers Jun 09, 2023

Don fields your comments and questions:

Praise for Vanguard's customer service.
Taking us to task over life insurance advice.
How to invest when Roth ineligible?
What would happen if Apple failed?

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Invest Everywhere Jun 08, 2023

Most Americans invest primarily in US stocks. The same holds true for other countries. How has that worked out for, say, the Japanese. With the help of a recent Morningstar study, we make the case for global portfolios.

Listeners want to know:

If it makes sense for a child to skip collge and go directly to a trade?
Is it okay to invest in Avantis ETFs like AVGE?

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Rolling the AI Dice Jun 07, 2023

"Investors" – and we use that term a loosely as possible – are pouring money into anything that seems even remotely connect to AI (artificial intelligence). The end result is not likely to be pretty.

Listeners want to know:

What do we think of the Oxford Club's 200+% return bond trading strategy?
Why own international stocks when the US has done so well?

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They Raised the Roof Jun 05, 2023

Another fearful event passes and will soon be forgotten. The debt deiling "crisis" is over. What's next? We discuss why we panic financially and how we can make market movement less painful by controlling emotions. What is happening in the Asian markets and should you be concerned? How much had non-fiduciary advice costing investors?

Listeners ask:

What do we think of a Vanguard advisor's portfolio recommendations?
What should be done with some excess cash? Bonds or annuities?
Should a hodgepodge be reallocated to just two ETFs?

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Four Question Friday Jun 02, 2023

It's Friday! That means Don is answering a few more of your questions:

What should be done with some old, expensive funds in a Roth?
Does a pre-tax retirement contribution reduce Social Security earnings penalties?
Does it make sense to use RMDs to make charitable contributions?
Is an expensive, actively managed small-cap value fund better, and do target-date funds have hidden fees?

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Discussing Real Money Jun 01, 2023

In the past, talking about money has been considered taboo. It's time to start talking with your family about this critical topic that effects both your future and theirs.

Then, listeners want to know:

Do we agree with Paul Merriman's equally divided 10-fund portfolio?
How should an HSA be invested and in how many funds?

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Avoid Their Mistakes May 31, 2023

We hate listening to our elders, but often their experiences can make your life better. We share some of those retirement investing mistakes.

An almost record number of listeners ask:

How is my Vanguard international fund up almost 100%?
Does Fidelity or Schwab offer a globally-diversified total market index fund?
Will old baby boomers selling stock in retirement destroy the stock market?
Is there a place to find forgotten company retirement plans?
What do we think of the Washington state capital gains tax?
Why do we discourage investors from trying to "buy the dip?"
What should be done with a rental property in retirement?
What's the best way to move out of real estate and into a more diversified portfolio?

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You Really Don't Know May 30, 2023

Many people believe that higher interest on safe bank instruments makes this a good time to get out of the stock market for a while. The market habitually makes fools of those who think they are smarter than the market. We also discuss the foolishness of paying high commissions to that friend in the business. Don rips into a "radio host" who claims to be honest and sell indexed annuities. Then, we discuss the annoying proliferation of tipping screens at businesses. We hear from listeners:

How to move from Edward Jones to Vanguard?
Are 10-year CDs better than the Vanguard Total Bond Index ETF?
Then, we get our holiday weekend drunk caller.

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Pre-Holiday Q&A May 26, 2023

In this episode:

What is a P/E ratio, and why are some so much lower than "the market's?"
Which is better for future taxation, pre-tax accounts or Roths?
With some parental seed money, how much could be in a retirement account in 40 years?
Does it make sense to borrow for a big purchase or pay cash?
What can be done with mediocre, high-commission investments in a non-profit's endowment?

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Debt Ceiling Danger? May 25, 2023

As the United States approaches its credit limit what might that do to the investnent markets? We pose that question to Wes Crill, Senior Investment Director and Vice-President at Dimensional Funds. We also discuss active versus passive investing, the value of scademic evidence, the effectiveneed of market times, and the advantages of funds or ETFs.

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Real Estate Riches? May 24, 2023

Real estate speculators discover that leverage can cut both ways. Plus, we discuss the real estate gurus and the more likely source of their wealth.

Listeners wonder:

What do we think of artificial intelligence?
How much small cap is appropriate for a portfolio?

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Gold and Real Estate Better? May 23, 2023

Why does the myth that real estate and gold are better investments than equities still persist? We show you the real numbers. Where can you get the best CD rates? Plus, we are innundated with your questions:

What should be done with the profits from a home sale?
What do the regular stock market reports mean?
With ETFs and funds are there crappy ones and good ones?
What would our firm do with a client who needed an insurance product?
What do we think of a particular bank and cash investing, in general?
Is Tesla stock a smart investment?
Does a target date fund make sense for simplfying portfolio?

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Dow or Total Market? May 22, 2023

Heck, they're not even industrials anymore. The Dow is an obsolete measure of the stock markets movement. It should have been replaced by the total market index decades ago. What is "the Dow" and what's wrong with it. Plus, investing should alwayd be based on common sense.

Listeners ask:

After discovering how much was being paid for funds through a broker, is there any reason to keep the expensive funds?
How can a participant figure out how much is being paid for the plan?
Does cash-value whole life ever make sense compared to other investments?

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Give Me Your Questions... May 19, 2023

Another day of Q&A featuring calls about:

The wisdom of paying off a mortgage early?
Our opinion of Paul Merriman's flexible withdrawal strategy?
Would AVGE be better than VT?
Taking Social Security early to save funds for a child's inheritance?
Firing advisor and moving into active funds as opposed to other balanced funds?
Taking a pension now or waiting?

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Windfall Planning May 18, 2023

With baby boomers nearing the end of their time on earth, a huge wealth transfer is in the offing. What would you do with a big inheritance of guess? Plus, are CFPs always acting as fiduciaries? Then, it's question time:

How do we avoid bad companies in our client's portfolios?
Does it make sense to move from a target-date fund to a total market index?

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Less Active Management May 17, 2023

Tom and Don are joined by a rare guest, Phil McInnis, Chief Investment Strategist at Avantis Funds. This episode covers the difference between truly active fund management and rules-based stock selection, how ETFs differ from mutual funds, and much more.

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Fee Clarity is Critical May 16, 2023

A major new study found that investors care more about fee transparency than the return from their investments. It turns out that investors want the truth from their financial advisors. Yet, the financial industry continues to lie and obfuscate. Then, after Tom suffers a technical breakdown, Don takes calls:

Is there a way to set up a 401k transfer before leaving a firm?
How can misplaced IRA funds be recovered?
Where are all the jobs?
Thanks for a great show.
Would the total market or a small-cap value fund be a better investment?

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Monkey Money Managers? May 15, 2023

Yet another study shows that dart-throwing monkeys (a metaphor for randomness) picked better investments than did professional human stock pickers. Plus, humans cost more. Another study shows that only a few stocks account for the bulk of the market's returns.

Then, we hear from a few of you:

How much do dual-registered advisors actually charge?
Does it make sense to pay off a very low-interest mortgage?
How much should be invested in an international ETF?
Why do so few investors use indexed bond funds?
Is Empower really acting as a fiduciary all the time?

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Big Day for Q&A May 12, 2023

This is a particularly good Friday question and answer session:

When should a portfolio be rebalanced?
What is the difference between VT and VTWAX?
Her CFP uses Pershing. Are they okay?
Where should a small child's UTMA be invested?
Where should emergcy money be invested for safety?
How to we feel about Rick Ferri saying that small cap value investing has failed?

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Nobody's That Smart May 11, 2023

Another experts predicts the financial futute with absolute certainty, despite the FACT that the future can't be known. Plus, we agree with Bill Gross for the first time.

Then, we hear from listeners:

Is there a need for an internation fund other than the I Fund in the Thrift Savings Plan?
Can taxes be avoided by moving from the Vanguard S&P 500 mutual fund to their S&P 500 ETF?

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How Much Can You Spend? May 10, 2023

Is it the 4% rule? Should you take less in bad times and more in good times? How do you know how much income can you take from your investments in retirement?

Listeners ask:

What kinds of investments should a young investor have in a retirement account?
Are personalized portfolios better than target dates funds?
Should an investor be concerned about California bonds in a muni fund?

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Worried About Banks? May 09, 2023

Should you be concerned about the money you have in the bank?

Listeners wonder:

What would have happened if you invested at the highest point of stock market every year?
What is the best way to buy gold?
Should investors consider investing in high yileding structured notes?
Do Schwab intelligent portfolios make sense?

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Better Than a Coronation? May 08, 2023

It is estimated that the UK spent about $100 million to crown King Charles III. What else could you get for that much money? We also discuss the huge amount of money taken out of the market lately and why we need to stop playing the markets.

Then our listeners ask:

How much is needed to retire comfortably?
How do we feel about "direct indexing?"
How can Roth funds be used for emergencies?
Does a Texas gold-backed debit card make sense or serve any purpose?

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Viernes Preguntas May 05, 2023

Just another Q&A Friday, Cinco de Mayo. Today Don tackles:

Should the funds be inside both a regular and Roth IRA?
Should siblings' contributions to mother's care be tracked, and what might happen if they help mom?
Does the rate on I-Bonds remain the same for their entire term?
Is it okay to go ahead and fund a backdoor IRA early in the year?
Do the ERISA protections make keeping an old employer's 401k?
From which accounts should college money be withdrawn first?

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Hungry for Great Investing? May 04, 2023

Do investors need a great money manager like Warren Buffett? Then, we ask: Is he really that good, and are his best days behind him?

Two listeners ask us different questions about Health Savings Accounts (HSAs).

Then, we veer way off topic as we talk about visiting Omaha, Nebraska, and its top attractions.

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They Make Stuff Up May 03, 2023

They can't quote high returns and claim low risk if it's not true, right? It may be wrong, but purveyors of investment products have been doing it for centuries. There will always be people who promise big profits and toss out truly unbelievable risk claims, and there is only one person you can count on to protect you: YOU!

Plus, a listener asks:

What does this portfolio need for better diversification?

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Still Not Ready to Retire? May 02, 2023

In this episode, we continue where we left off in the previous show, sharing various reasons why you might not be ready to retire. We also hear from listeners who:

Want to know what to do with undeeded IRA RMDs?
Warn about the hazards of not paying estimated taxes on a big capital gain.
Shares how he converted an Edward Jones account into a fee-only service.

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Not Ready to Retire? May 01, 2023

Today and tomorrow, we look at several reasons you might not be ready to retire. Plus, listeners want to know:

Is there a deadline during the day for canceling a mutual fund trade?
Are we heading for economic trouble?
How much of an annuity will need to be withdrawn for RMD?
How bad is my financial situation?

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Quanan Day Apr 28, 2023

Don is back, taking on your questions with his answers. Here's what today's episode brings:

What is Phoenix Capital, and how can they offer 9-12% yields?
How much of BND is in long-term bonds?
How should a portfolio be rebalanced to add a REIT fund?
Should a bonus go into a 401k and does it make sense to convert to a Roth?
Should old 401ks be moved into a new John Hancock managed 401k plan?
Plus, a bit of additional information about crypto creation.

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Playing the Rate Game Apr 27, 2023

With rates all over the place, many are trying to play the fixed-income market. Tom and Don explore the purpose of fixed income in a portfolio and disciplined strategies for investors. Plus, they discuss a new, strange NFT offering.

Listers want to know:

What do we think of Paul Merriman's target date and small-cap fund strategy?
Does it make sense to test the five biggest brokers by giving each a whopping $1,000 to invest?

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On Doing Nothing Apr 26, 2023

What if you invested in the S&P 500 decades ago and did absolutely nothing? The answer is shocking. Plus, a special segment featuring a "Last Week Tonight" piece on the forecasting abilities of Jim Cramer.

We hear from listeners:

What is our opinion of Mint and Nerdwallet and are they safe?
Is another firm with a financial podcast worth considering?

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Volatility: What to Do? Apr 25, 2023

Tom and Don explore another goofy investing advice article (as if something has actually changed).

Our listeners ask us:

How should assets be consolidated for upcoming retirement?
What should be done to create a backdoor IRA with an excess contribution?
Which Vanguard fund should replace an American Funds tax-free fund?
How safe is Schwab as an investment advisory firm's custodian?
What should be done with an old employer's 401k?

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Buy or Rent the Dream? Apr 24, 2023

Does owning a home make financial sense anymore? Could it be wiser to rent and invest instead?

Plus, Tom takes calls about:

The effect of joint tenancy on estate taxes.
The tax advantage of ETFs over mutual funds.
Should a cash account be moved into qualified dividend stocks?
Does it make sense to invest in a high-yielding real estate trust?
Are there any decent money newsletters?

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Money and Marriage Questions Apr 21, 2023

An extra large helping of listener questions today:

A young investor seeks our portfolio blessing.
Does a Merriman-suggested ETF make sense to own?
Should he keep shoveling money into savings?
Do RMDs impact Social Security taxation?
In which types of accounts should various assets be located?
Is this a strategy to avoid backdoor IRA taxes?
Don is called on to settle a couple's dispute about annuities.

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Gold Bugs...Us Apr 20, 2023

Despite its recent run-up, gold remains a terrible investment. In fact, by our definition, it isn't even an investment as it cannot become more valuable on its own.

Then we hear from some of you, wondering:

Why do we suggest AVUV when it's an "active" ETF?
If an individual fixed-income investor can beat a bond fund or ETF?

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Cash Beats Stocks? Apr 19, 2023

How soon we forget. After years of low to non-existent interest rates on fixed-income securities, suddenly, everyone wants to invest in bonds or CDs. Did the equity markets take that big a beating, and will they return less moving forward?

Then we hear from listeners:

Does it make sense to move money from a Vanguard S&P 500 fine to the identical ETF?
Should a bond fund be added to a diversified equity portfolio at work?

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Avoid Two Hat Advisors Apr 18, 2023

Can someone who provides investment advice be just a little bit fiduciary? What is wrong with investment advisors also being commissioned brokers? How can you find a 100% fiduciary advisor?

Listeners ask:

In which types of accounts should various investments be held?
Which is better: Fidelity or Vanguard?
Should we be buying bank stocks right now?
Can securities be sold by a new broker?

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Can't Beat 'Em Apr 17, 2023

Don shares a new study that, again, illustrates the futility of trying to beat the market. The future remains unknowable. Plus, he discusses the darkest side of cryptocurrencies; power hungry miners.

Callers join in to:

Praise the show.
Is there way to reduce taxes on an investment property sale?
What should be done with an extra $20K?
What are the tax advantages of putting your life in an LLC?
What should be done with some Ferrari stock?

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Another Day of Questions, Answered Apr 14, 2023

Another day, another five questions answered. Today's topics:

How do I know who is a true fiduciary?
What's our opinion of "Infinity Investing?"
Where can I look up financial advisors?
What should be done with an inheritance?
Why do we like the flexible withdrawal strategy for retirement income?

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Q&A on Thursday? Apr 13, 2023

We have gotten a bit behind on answering phoned-in questions, so today, Don answers the following:

How do you get out of a bunch of individual stocks?
What should be done with too much of a single stock in a retirement portfolio?
What is a good place to "safely" invest for retirement?
How will smaller bank spreads affect the market?
How can someone eventually retire with no assets except an almost paid-off home?

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Tax Free Retirement Income Apr 12, 2023

Hard to believe, but the US government allows investors to generate tax-free income from a well-diversified portfolio – without using municipal bonds. Plus, a listener wonders if the extra fees for the Avantis Small-Cap Value ETF (AVUV) are worth paying.

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Things to Do Now Apr 11, 2023

The world has changed dramatically. So, how do you manage your money in this mad new world? Plus, we hear from listeners asking:

How do you get restarted on a retirement investment path?
Will other world currencies supplant the US Dollar?
What do we think of these two stocks?

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Despicable Investments Apr 10, 2023

Rather than tell you which investments make the most sense, we decided to share with our list of the worst investments. These are some of the things we believe you should avoid. Some examples:

Cryptocurrencies
Variable and Indexed annuities
Options
and more.

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A Great Day of Q&A Apr 07, 2023

Don tackles more of your questions:

What happens if an exchange-traded fund (ETF) sponsor goes bankrupt?
Can a Roth IRA conversion count as a required minimum distribution (RMD)?
Should old retirement plans be moved into the new plan?
After moving from Ed Jones to Schwab, where should some extra money be invested?
Does a precious metals fund belong in a diversified portfolio?

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Dividend Strategy Debunked Apr 06, 2023

Many investors seem to believe owning a portfolio of dividend-paying stocks is a safe and effective way to create retirement income. Are there better ways to create investment income in retirement? We explore the evidence.

Then, we hear from two listeners:

What should be done with a windfall that will eventually go into an IRA?
A trick to avoid the "pro rata rule" for backdoor Roths.

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Your Timing Stinks Apr 05, 2023

So, how did the investment market perform this past quester? Investors are only now starting to avoid stocks.

Plus, listeners ask:

Where should I put some new money? Is Ally safe?
Is it normal for a credit union to limit how much cash you can withdraw?

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What You Must Know - Part Two Apr 04, 2023

Money is important. Today we present our second episode devoted to what you need to know about both building wealth and beginning to use it. For example, how much real money is available from your home? What's the best portfolio for retirement?

Plus, we hear from a slew of listeners:

What should be done with poor-performing investments?
Some fiduciaries don't always act in your best interests.
Why can't an advisor get the fund wanted, and should you even invest in a sector fund?
What could be wrong with owning a portfolio of just dividend-producing stocks?

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What You Must Know - Part One Apr 03, 2023

Today, we present part one of a two-part series focused on what you must know about money. In this episode, we discuss spending and credit. Then, we hear from listeners asking:

For help looking up his fee structure and an ADV Part Two. You'll be shocked at what we found.
Seeking the best plan for reducing company ESOP stock holdings.
Wondering why a bank would limit the amount of cash allowed to be withdrawn.

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More of Your Questions Mar 31, 2023

On today's episode, Don is asked:

Does this "granular" DIY portfolio make sense?
Why would he even consider suggesting a reverse mortgage?
What should be done with a portfolio that has always lost money?
Is there any trick to rescue a Backdoor Roth from ponderous taxes?
Does it make sense to build a 5-year income ladder with fixed annuities?

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Never Ending Subscriptions Mar 30, 2023

Like financial leeches, old online subscriptions slowly suck your bank account dry. What can be done about these almost to impossible to cancel services? Then, we hear from listeners asking:

What should I expect from a wealth manager?
Which assets should be in what kind of account?

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Awful Annuity "Guarantees" Mar 29, 2023

One of the biggest annuity collapses in history is progressing in slow motion. This has left the annuity investors stuck without access to their money for years, with no relief in sight. So, just how safe are annuities, and how can those selling them claim they are "guaranteed?" Don is given a fee disclosure document for an Invesco fund, and the costs are shocking.

Then, a listener asks: Why don't we suggest Roth IRAs for everyone?

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...Not the Market Mar 28, 2023

Two (or more) of the biggest reasons you shouldn't rely on the S&P 500 for your stock market diversification. How should you properly diversify your equity portfolio?

Listeners want to know:

What do some of the numbers mean for ETF market quotes?
Do DFA funds charge 12b-1 fees?
How is a transfer from a regular IRA to a Roth reported?
What is the difference between investing with an insurance agent versus a fee-only advisor?
What should be done with some unexpected money?
What's the best way to talk with a friend about "real" investing?

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Money in Motion Mar 27, 2023

Don's away, so Tom discusses the billions of dollars that have been moved to cash. Where is it being stashed and where should you be putting your money? How protected are various financial firms?

We hear from listeners:

With some investing advice.
How to check out a Vanguard advisor?
How to derive tax breaks from unleveraged investmet property?
Looking for our opinion of Vanguard target date funds.

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More Friday Queries Mar 24, 2023

Today's questions:

Why did my ETF distribute capital gains?
Will this tax harvesting and repurchasing strategy run afoul of the "wash-sale" rule?
Is there any reason to pay off a mortgage in retirement?
Why do banks have 11-month CDs?

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Big Buck Orphans Mar 23, 2023

Millions of retirement accounts have been left behind and apparently forgotten. We're talking REAL money. You need to find yours.

A listener asks:

What about buying stocks with shareholder perks?

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T@# Time Prep Mar 22, 2023

What you can do now and later this year to reduce your tax bill. Plus, we talk about a non-financial talk show that spews bad words ("F" instead of "T").

Listeners ask us:

Should you short the long Cramer ETF?
Why did Don change his investing suggestions from those given in the 1990s?

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What Will You Do? Mar 21, 2023

With the retirement upheaval in France, Tom and Don discuss when should we retire and what will we do then. Plus, when it comes to investing, ignorance might actually be bliss.

Callers want to know:

Our opinion of a fiduciary advisor being considered by a listener? The answer will help you choose one.
Whether or not enough money has been accumulated to retire at 62?

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More Banking Bedlam Mar 20, 2023

Welcome to March Money Madness. With several banks teetering what should you do with your money. One banker tries to comfort his depositors by offering his personal cell number. Plus, we answer the buriung questions: What is 100% safe? Then we hear from callers who want to know:

Whose accounts are covered by FDIC insurance?
What is a stable value fund?
How many funds are needed to be properly diversified?

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Q&A: Bonds and Ladders Mar 17, 2023

In this week's question and answer episode:

Should he sell his bond funds and create a CD ladder?
Can funds from a managed account go into an IRA?
Is Fidelity's Brokerlink option for 401k plans a good choice for participants?
Is Vanguard's Federal Money Market fund a good place for emergency funds?

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Moody About Money Mar 16, 2023

Emotions are good for many things, just not for investing. Tom and Don discuss the many money moods that can be financial future killers. Plus, we hear from listeners about:

A 401k that only offers Principal products.
What is the best way to invest for a small-cap value tilt?

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Banking Worries Continue Mar 15, 2023

The fallout from Silicon Valley Bank's failure continues to impact the investing markets. Should you be concerned? What should you do?

Plus, listeners want to know the following:

Who writes those almost identical stock market headlines and if pros can trade, why can't we?
Why does Apella Wealth list insurance sales in its Form ADV?

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Sophisticated Alternatives? Mar 14, 2023

Are stocks and bonds not good enough for you? Why not take on some of those sophisticated investments used by college endowments? We'll tell you why not. Plus, another reason to avoid individual stocks; lying. Then, onto your questions:

How much bond diversification is needed?
Why are company retirement plan participants allowed larger contributions than are allowed for IRAs?

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Bank Run 2023 Mar 13, 2023

Tom and Don discuss the collapse of Silicon Valley Bank and what it means for you and your portfolio. We also talk about the "run" on Social Security as retirees take early withdrawals in a panic.

We then take your questions:

What is the best way to save for retirement outside of a 401k?
How do you add the effect of inflation on your retirement income withdrawals?

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Q&A: Another Way to Roth Kids Mar 10, 2023

Today's questions and comments include the following:

Another way to fund a child's Roth IRA.
Can regular in-service transfers be made from a bad SEP-IRA into a traditional IRA?
Does using a margin loan to buy commercial real estate makes sense?
Does this simple three-fund portfolio look okay?
Can you contribute more than you earn to IRAs and 401ks?
How much diversification is needed in a bond portfolio?

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Disciplined Market Timing Mar 09, 2023

Another academic study looks at a popular, structured market timing system based on the relative valuation of stocks. Has it worked?

How does Vanguard Small Cap Value ETF complare with the Vanguard Russell 2000 ETF?
Why are the spreads between the bid and ask prices for the ETF, AVUV?

Finally, Tom and Don discuss new streaming documentaries (for some reason).

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Cash Comeback? Mar 08, 2023

Every so often, a group of investing "experts" suggest that investing in cash is better than owning stocks. Last year, with rates near zero, that was terrible advice, but what about now?

The listeners ask:

How do you calculate the minimum distributions for an inherited IRA?
Does using an expensive small-cap value fund in a company plan make sense?

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Long Jim or Short Jim Mar 07, 2023

You can now legally bet on the stock picks of "Mad Money" host Jim Cramer. Yes, now there are even ETFs for that. Tom and Don discuss these new products and what part they should play in your financial life. Beware of the ETF with the symbol VBAL. Finally, we discuss what most people think about financial advisors and what they should be expecting.

We hear from callers:

What do we think of sector funds?
What are the pros and cons of Medicare Advantage plans?
Can capital gains taxes be avoided by switching from one balanced fund to another?

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Real Estate Reality Mar 06, 2023

Many consider the key to wealth to be highly leveraged real estate. Using borrowed money to buy properties magnifies your return. What could go wrong? Well, leverage cuts two ways. WHEN prices fall, your losses also multiply. Plus, portfolios focused on one asset class have proven dangerous. Tom almost fell out of his chair over 5% CD rates. Don Trump's that with even higher rates. Then, we compare rates at major banks.

A listener asks, should I be invested in stocks after retirement?

As asides, we consider the shaky future of AM radio and compare Comcast to those old party lines.

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Q and A Day: Specific Direction Mar 03, 2023

In today's question and answer episode, Don answers these questions:

Does a non-deductible IRA make sense?
How is the cost basis of restricted stock units determined?
Does it make sense to have an expensive small-cal value fund?
Can his regular IRA be converted to a Roth?
does it make sense to convert regular Vanguard funds to ETFs?

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Crypto Is Not Investing Mar 02, 2023

WARNING: Some Millennials will be offended by the logical conclusions reached in this episode.

With so many technological innovations, we occasionally think that very new technology must make sense. One example of this tendency to confuse true innovation with simply dumb ideas. Do we really need a newer way to gamble.

How do you start spending after decdaes of saving?

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Retiremeet Part Two Mar 01, 2023

Don continues from Retiremeet 2023 talking with tax planning expert, Diana Bacon about the importance of long-term tax planning. Then, Tom finally drops by for a few minutes to explain how you can watch. Apella Wealth's Director of Financial Planning, Jason Gentile discusses the value of a detailed financial plan.

A caller asks why would a planner using a short-term bond ETF?

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Retiremeet Part One Mar 01, 2023

Don discusses the importance of planning from the 9th annual Retiremeet event from Bellevue, WA in February 2023. Dimensional Fund's Apollo Lupescu spends a few minutes with Don prior to his presentation. Plus, Don talks with listeners:

The first of whom believes that hew has magical market-timing capabilities
Does it makes sense to leave Vanguard Balanced Index and get into a stock and bond ETFs?
Where should a new Roth contribution be invested?
A small company controller questions the firm's 401k choices.

Finally, Paul Merriman stops by for a brief chat.

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Pre-Tax or Post-Tax Feb 23, 2023

When saving for retirement, either in a employer-plan or using IRAs, how do you decide whether to take the tax-deduction and pay taxes later or get lifelong tax-free growth using the Roth option?

Then, listeners ask:

When is the right time to rebalance and how is it done?
How can you judge the performance of a young index fund?

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Top Five Fund Groups Feb 22, 2023

We are thrilled that Dimensional Funds made the Barron's Top Funds list. However, this is a hollow victory, at best (and speaking of victory...). What makes a great fund group?

Then we hear from you:

Who provides the best retirement advice?
Why not give your child a 1099 for chores?
Are American Funds too expensive for a 401k?
Finally, a big fan of indexed annuities calls right at the end, so Don works overtime to discover the truth.

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Too Smart to Scam? Feb 21, 2023

In this episode we explore our propensity to fall for financial lies, both big and small. Even the most sophisticated can get taken in by a slick con artist or a smooth broker. Then, we wade into a bunch of great calls:

How do school districts pick their 403b investments and how can they be changed?
Does it make sense to move a 401k into an IRA as a salepeson is advising?
Why did a fund that lost money in 2022 post a taxable capital gain?
Would Vanguard's 529 plan be better than a state fund?

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Jill on Real Money Feb 20, 2023

CBS News Business Analyst, joins Tom to discuss money, investing and her latest book, The Great Money Reset.

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Don Answers Qs Again Feb 18, 2023

On this Q&A episode, listeners ask:

Where is the best place to start investing at age 13?
Is it better to just have VT versus using VTI and VXUS?
Are non-deductible IRAs worthwhile?
How should I allocate assets between growth and value?

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Retirement Regrets Feb 16, 2023

Tom and Don explore Retiree's biggest retirement regrets. Of course, the biggest one is not having enough money.

Then, we respond to listeners:

One shares a story of an overfunded 529 plan and a new bonus.
Another seeks advice on the best way to start spending retirement assets.

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300 Years Later... Feb 15, 2023

"Experts" have been been writing books filled with investing advice for over 300 years. After all of that information, why are we still such lousy investors? Plus, a couple of listeners join in:

What impact will rising debt have on the economy and investments?
A young investor requests our opinion of his portfolio?

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Forgotten Assets? Feb 14, 2023

Do you have an old 401k or 403b languishing in some bad investments? Maybe it's time to get those rolled over into something better.

We hear from lots of listeners:

How can the cost basis of multiple funds we determined?
Can I-Bond interest be declared annually, even though it's deferred?
Where should money from an inherited 401k be parked temporarily?
Which is better: Fidelity or Vanguard?
Does it make sense to create a T-Bill ladder?
Are there long-term bonds that pay a higher rate?
Does it make sense to sell taxable assets to fund a Roth?

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Cramer Regularly Wrong Feb 13, 2023

Yet another study of Jim Cramer's stock shows just how bad his prediction have been. You would have been better off shorting his picks. Plus, we hear from you:

How do you move money from one "advisor" to another?
How can you determine the stock/bond ratios of various target date funds?
What do we think of a covered call writing ETF?

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Few Flying Rights Feb 11, 2023

After a bit of a troubled trip to Hawaii, Tom turns to ConsumerMan, Herb Weisbaum to discuss your rights and protections when travelling by air.

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Q&A with a Big Finish Feb 10, 2023

Another great Q&A episode with a surprise ending:

We start with a question on money market funds.
Where can one get more information on Medicare options?
Why do people manage active mutual funds when they must know they can't win?
A caller with a good mic has a broker who can systematically invest in ETFs.
Does it make sense to just add a new investment manager to a 403b account?
Finally, a caller shares a story about a promoter of gold IRAs who seems to have vanished with investors funds. Read the Daily Beast article.

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Volatility or Bad Market? Feb 09, 2023

It seems that most investors are expecting continued volatility for the stock market. Yet, the stock market is always volatile. So, it it really volatility they're concerned about?

In today's question time:

Are CITs more risky than a mutual fund or ETF?
Where should money for retirement be parked?

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ESG is Hard to Do Feb 08, 2023

Investing "responsibly" is harder to do it might appear. What makes a compmnay environmentally or socially responsible? Does everyone agree with your definition? You know they don't. These terms elude a business definition and even a sonsensus opinion.

Then we take questions:

Is there a downside with saving with Bread Financial or other high-yield savings providers?
What should be done with a "friend" who is pitching overfunded whole life as a retirement investment?

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Talking Death is Better? Feb 07, 2023

We are more comfortable talking about death than money. Yet, financial planning is an critical part of an estate (and even, life) planning. Then, a school district employee gets us talking about using the tool at 403bWise to look up many school district 403b plan investments.

We hear from listeners:

How can school district employees get school boards to improve plan investments?
You may want to include your actual phone in you estate package.
Please explain the process of meeting with one of our advisors.
What do we think of Thrivent?

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The Rise and Fall of Trading Feb 06, 2023

Nothing stops the excitement of trading your way to wealth in the stock than the inevitable bear market. You claim to follow our advice, but many of you seem to be hearing something else.

Callers want to know:

How to get retirement plan trustees to invest more aggressively?
What's the best way to invest for a younger beneficiary?
Does it makes sense for his wife to take Social Security at full retirement age?
Should she invest in a fixed annuity?
Can money from household chores be invested in a Roth?

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TGIFQAD Feb 03, 2023

Another potpourri of great questions:

Should the cost basis in an IRA be documented?

Is M1 Finance a decent brokerage service?

How do we determine which funds are likely to outperform in the future?

Do mutual funds offer an advantage over ETFs for systematic investors?

What's the real deal with a Lincoln Financial 403b?

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Is it Really Passive Income? Feb 02, 2023

The term "passive income" has been used to refer to everything from buying houses to selling stuff on Amazon. Funny how most of those ideas pitched as providing passive income are actually a lot of work. Usually, the only one making a lot with little effort are the folks teaching you how to do it.

Then, we hear from you about:

How do I pick the best funds for my risk tolerance?
Why would a fund generating capital gains be a bad thing?

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Adding Insult to Injury Feb 01, 2023

Watch out for this year's tax mutual fund tax forms. Many actively managed mutual funds have a surprise for you. Despite losing money in 2022, you might find you owe taxes on a distributed capital gain.

Then, we take your questions:

How should money from a broker sold portfolio be invested?
Is an inherited Roth IRA subject to the 10-year withdrawal rule?

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Ramsey, Orman, Kyosaki, or... Jan 31, 2023

From whom should you get you financial and investing advice? Robert Kyosaki, Suze Orman, Dave ramsey, economists? We look at the various mainstream financial education providers. Plus, why is Tesla rising so fast?

We hear from listeners, too (mostly about banking):

Why don't banks pay more on savings?
What is the advantage to taking lottery winnings in a lump sum?
How do high-yield savings products pay so much more?
Will a 72-year old need to take RMD in 2023?

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Investing Near the Ceiling Jan 30, 2023

The news can be disconcerting and push us to react emotionally. What should you do just in case the US government defaults on its debut? Why do you keep making horrible investing decisions? What is driving the huge disparity in savings rates?

Then a lot of you get in touch:

First, the old "...what should I do with this money?" question addressed.

How can money be moved from an employer retirement plan?

How do you find a safe online bank?

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Weekend Special: Tom with Bill Conerly Jan 28, 2023

Tom loves interviews. Now that he's figured out the technical aspects of creating them, look for more weekend specials featuring prominet money guests.

This weekend, Tom spends time with Bill Conerly, PhD discussing the possible economic future, why highre rates were needed, the future of unemployment, and much more.

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Q (and A) Day Jan 27, 2023

In today's Q&A session:

Is earned income needed to roll 529 money into a Roth IRA?
Where is the best place to park emergency money?
Are Wisdom Tree core portfolios sensible portfolio additions?
After going to cash in 2019, what should I do now?
What do we think of Betterment and how should he get help for his mom?

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Destructive Overconfidence Jan 26, 2023

The vast majority of people believe themselves to be above average. That is statistically impossible. One area in which you are dangerously overconfident is investing, and it shows.

Then, a listener wonders if he should use some extra income to invest for retirement or pay off a car loan?

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Few Worthwhile Innovations Jan 25, 2023

While Wall Street would like you to think that there are new financial products, being created, all the time, real financial innovations are few and far between. In fact, the last significant change happened exactly 30 years ago, with the creation of the exchange traded fund (ETF).

Then, a listener wonders if it makes sense to keep 30 inherited individual stocks to collect the dividends.

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Expensive Lessons Jan 24, 2023

Most of us don't know what we don't know about money and investing. That lack of knowledge can be more costly that you can imagine. Getting financially educated is hard and yet essential for your future. How much do you pay for investments? Do you really know?

Listeners want to know:

Does an individual TIPs ladder make sense for portion of a portfolio?
What should a real estate investor do with new money?
Why her experience with Social Security benefit delays does not add up to 8% per year?
How do the returns of the Merriman 10 fund portfolio compare to 2 or 3 fund portfolios?
What do we think of a friend's advice to move from a target-date fund to a money market fund?
Where do we suggest a mix of investment accounts be consolidated?

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How Should You Invest in a...? Jan 23, 2023

Everyone wants to know how how to invest for the next... whatever. Many, included one of the most famous "stopped clocks" of all time, Robert Kyosaki, want you to believe they know. In fact, we do know how to invest for a recession and everything else. It's just pretty boring.

Listeners want to know:

Which Vanguard ETF is the same as the Total Bond Index fund?
What changed to make us prefer ETFs over mutual funds?
Which site do we use to look up securities?
What are our thoughts about SCHD (a Schwab dividend fund)?

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Q&A: Broker Fees, ETFs vs MFs, CDs vs. Ts Jan 20, 2023

Today, Don starts the Q&A edition with a powerful follow-up from a past caller. Then, it's on determining a brokers fees, the differences between exchange-traded funds and mutual funds, a portfolio allocation check, and the best income ladder building materials: CDs, Treasuries, or TIPS?

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The Best Retirement Age? Jan 19, 2023

The French are rioting over a proposal to raise the national retirement age from 62 to 64. The US may need to raise the full retirement age beyond 67. When should you retire and how should you plan for it?

A listener wants to know how to get into the financial advice business.

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How to Dump Debt Jan 18, 2023

Is the avalanche better than the snowball? Paying off debt can be challenging. What's the best way to get out? Plus, a listener finds that giving up control is hard to do.

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Their Best Advice? Jan 18, 2023

The SEC claims that all "financial advisors" are supposed to act in your best interests and fully disclose any conflict of interest (including high fees, commissions, and expenses). Yet, high-cost, dangerous financial products are still being offered by the many billions of dollars. What can be done to protect you?

Merv from Denver is back to take Don to task for his "misleading" comments about cryptocurrencies. Surprise, he failed to change Don's mind. In fact, we have even more anti-crypto information.

Tangent: What's a Hokie?

Listeners ask:

Can he still make contributions in a Roth with a 401k?
How can massively appreciated stock be sold to avoid taxes?
When should money be withdrawn from retirement accounts?

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Dangerous Dreck Jan 16, 2023

Stop deluding yourself. As much as you want them, there are no higher returning, lower risk investments. Yet, far too many investors are are falling prey to impossible promises from purveyors of high-priced, illiquid investments.

Do index-style funds need a track record? Plus, a group that once called index funds "Un-American" now touts it's market beating index fund portfolio.

Is Tesla really worth the combined value of almost every other car maker combined?

We also hear from listeners:

Is it better to invest all at once or slowly average in?
How much is needed in an emergency fund and should money g o into a Roth or I-Bonds?
Where should short-term money be kept?
Is there any need to diversify among fund groups or brokerage firms?
What percentage of a total portfolio should be allocated among various asset classes?
On what fund was Tom's small-cap value return based?

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Your Lucky Q&A Day Jan 13, 2023

This Friday the 13th is your lucky day as Don answers some important questions that could help you build wealth better:

How much can an employee contribute to a 403b?
Can money in 529 education plans be rolled over into a Roth IRA?
What should be done with some extra monthly investing money?
Now that Vestory is part of Apella Wealth, what's changed?
Should funds in an IRA be moved from Vanguard mutual funds to ETFs?
What are the best fund to use in a qualified plan to match personal risk tolerance?

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Your Advisor Expectations Jan 12, 2023

Today, Tom and Don share what they believe those who provide financial and investing advice should do for you, their clients. Plus, we hear from two listeners asking:

Does his strategy get around wash sale rules for tax losses?
Will the Treasury be sending annual 1099s for I-Bonds?

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Magical Thinking? Jan 11, 2023

A few mutual funds turned a profit in 2022. Are the managers magicians? Investors need to face reality. No one has a secret (legal) way to make you lots of money in good markets and lose you nothing when they turn bad.

Plus, a listener wants to know the best way to build the best portfolio in his 401k?

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Higher Yields Help Jan 10, 2023

The demise of the 60/40 portfolio appears to have been short-lived as sharply higher rates on bonds have lifted the returns for the 40% invested in fixed income funds and ETFs.

Listeners want to know:

What happened to Vestory?
Which is better mutual funds or ETFs?
How can a value tilt be added to portfolio?
Can a tax loss be taken now for last year?
Would taking a tax loss on VTWAX and immediately investing in VT invoke wash-sale rule?
What's our opinion of high-yield savings accounts?
Are Northern Trust funds good investments?

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Madoff Lessons Jan 09, 2023

Have we already forgotten the lessons imparted by the 40-year Madoff scheme that collapsed in 2008? We revisit the unbelieveable story of the biggest investor robbery in history as a new Bernie Madoff documentary airs on Netflix.

Plus, we hear from listeners:

Should investment changes be made in a 529 plan?
How is the impact of a existing IRA on a backdoor Roth?
What is our opinion of a covered call writing fund?

Then, we go on to explain what covered call writing is and how it works.

What is a backdoor Roth?
Is her firm a high-fee advisor?

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Friday Questions Return Jan 06, 2023

After being away for two holiday Fridays, Don is catching up on your questions (and comments):

Invest or pay off mortgage?
Thanks for helping a friend.
Looking for a good financial charity.
Will crypto trading hurt Fidelity?
Why does a bank pay its customers far less interest on CDs?
Do we suggest more bonds in a portfolio?

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Don't Get Burned Jan 05, 2023

What's hot eventually cools and you will never see it coming. Discover why you need to avoid hot investments and sectors.

Then Tom crams in a bunch of questions:

Does it make sense to reduce qualified retirement account contributions?
How soon can I-Bonds be purchased in the new year?
What are the possible issues with moving a from TD Ameritrade?

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Bad Markets Bring Worse Investments Jan 04, 2023

After a year in which most securities took a beating, the "no-risk" investment touting free steak dinner offers should soon be filling mailboxes across the country. Don't let your emotion drive you to make foolish decisions.

Then, listeners chime in:

Have they picked a reasonable ETF allocation for an IRA?
What does Don think of his 403b investment options?
Does this five-year fixed annuity make sense?
Which accounting method should be used for selling securities?
What is the best withdrawal strategy to spend most of his money?

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Simply Unpredictable Jan 03, 2023

Every year about 133 million babies are born. Is there any way to predict which of them will die famous enough to make the TV retrospectives? Of course not. Do you believe you can predict when the investment markets will rise again (and fall again, thereafter)? Then, the phones light up:

Does it make sense to use a regular 403b to help reduce income enough to qualify for a Roth IRA?
What's the best way to own bonds in a portfolio?
Is there reason to be concerned about market volatility during a transfer from a work plan to a private IRA?
What might happen with Central Bank Digital Currencies?
Does an investor need multiple bond funds?

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How to Save in 2023 Jan 02, 2023

Tom and Don look at your top financioal resolutions and what they believe you should do to start growing your wealth. Plus, we take a question:

Why do we prefer total market funds as opposed to a US dividend funds?

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Financial Fee Blindness Dec 30, 2022

Most people have no idea how much they are paying for their investments and investing advice. In this case what you don't know can really hurt you in the future. Plus Tom gets a surpriningly larger number of holiday calls:

One listener call him out for using the show to get out of holiday choses and also seeks advice on fixing a bad mortgage loan.
Another wants to know more about tax-loss harvesting.
One caller wants to talk about qualified charitable distributions (QCDs).
Tom helps figure out how to transfer old work retirement plans.
Finally, he takes a question on the impacts of an inheritance.

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Almost Alone on Christmas Eve Dec 29, 2022

With Don on vacation, Tom shares a semi-poetic ode to his absent co-host. He discusses 401k auto-enrollment. ConsumerMan, Herb Weisbaum stopes by to discuss protecting your wealth during the holidays. Are mortgage buy downs worthwhile?

Plus, some holiday callers arrive:

The first "caller" looks for help dealing with violent holiday financial discussions (sort of).
What should be done with a multiple stock portfolio?
In 2023, should an employee take advantage of new Roth 401k matching?

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4% Rule Resurrected Dec 22, 2022

After recently declaring the 4% withdrawal rule dead, Morningstar has decided it's still kicking out income.

A listener wonders if the Paul Merriman two-fund portfolio is a sensible way to go?

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Real Estate Tapped Out? Dec 21, 2022

Home prices rise and they fall. Those fluctuations are not predictable. With prices down recently, should you be a buyer or a seller? Plus, house flippers took s betaing in 2022.

A listener wants to know if it makes more sense to contribute more to a regular pre-tax retirement account?

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Big Bucks, No Risk, Big Lie Dec 20, 2022

Those who sell "the return of the market, with no risk" is a bald-faced lie. Indexed annuities by any name can't possibly deliver what they promise. That makes those most (if not all) of those who sell them liars. The story of Disney's mismanagement shows just how scary individual stocks can be. Plus, we discuss the best performing stock of 2022.

Then we hear from listeners:

Should his financial advisor be fired and replaced by a target-date fund?
Should she buy an energy ETF to replace her energy mutual fund?
What do we think of brokered CDs?
What should be done with retirement assets as the market has done so badly?

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Stop Fooling Yourself Dec 19, 2022

We lie to ourselves about our prognosticative abilities. We remember making market predictions that were wildly different than we actually did. Plus, retail stock traders have had a very bad year.

Listeners ask:

How to get into an inexpensive small cap value fund?
When we say "risk," don't we really mean volatility?
How can listeners hear our Saturday radio show after it airs?
Are total market funds appropriate for an 50+ investor?

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Drip, Dripping Away Dec 16, 2022

Tom and Don discuss those perpetual online subscriptions. They are good for businesses and often terrible for you. Find out how the regain control and slow the money leaks.

Plus, a listener wants to know about an insurance policy being offered by a commissioned "financial adviser."

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One Unhappy Listener Dec 15, 2022

For some reason one listener really dislikes Don (he's fine with Tom). He disagrees with so much – CBDCs, bonds, cryptocurrencies – that we made an episode of it.

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Adding Insult to Injury Dec 13, 2022

Another downside to active funds, market declines can lead to dramatic taxable gains. It's like losing even more.

Plus, we scold "Mr. Wonderful" for his support of failed crytocurrency exchange, FTX.

Then we hear from listeners:

The Question: How can I make more money with total safety?
How can someone cover long-term care in later years.
How solvent are public retirement systems?
Are 35 securities in a portfolio indictative of hodgepodgeitis?
Which 403b provider is the best of some bad choices?

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You're Losing Billions Dec 12, 2022

Investor left billions of dollars on the table by keeping too much money in regular checking and savings accounts. Bad advice on YouTube for millennial investors from ClearValue tax and Meet Kevin. What should you do with their advice? Non-public REITs can do some dangerous things with your money.

Then we hear from listeners:

Does "Arrived" appear to be good investment?
Sold a rental house, how should the proceeds me invested.
Non-public REITs can do some dangerous things with your money.

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Fantastic Friday Q&A Dec 09, 2022

Don takes on a variety of questions:

How should a son invest in his new 401k?
Should he switch American Funds for something less expensive?
What's the best way to name beneficiaries on accounts?
Why do we suggest some higher cost ETFs?
What are the potentail problems when gifting to kids?
What do I think of another YouTube financial guru?

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Fixed Income Fools Dec 08, 2022

The crazies who pleyed the proverbial meme stocks and failed may be turning in a new direction, gambling with bonds.

Then a listener wants to know if brokered CDs might be better than a stable value fund.

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Just Got Money Dec 07, 2022

We address our favorite question: What should be done with a sudden financial windfall?

Then, we answer questions:

Is a 100% investment in AVGE too aggressive?
Should a small cap value fund be added?

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Senior Regrets Dec 06, 2022

Tom and Don share some of older Americans biggest financial regrets. Then, we hear from a lot of you:

What kind of advisors do I need?
Old stock guy is back.
Should he invest in company stock options?
She regrets not spending enough.
What should be done with low-yielding fund?
How to invest windfall from toy sale?
How far back does Social Security look?

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Not Much New Dec 05, 2022

Most of the "next new things" are neither new nor hot. Beware of trendy investments, because very few things stand the test of time. Plus, we "Meet Kevin" and his expensive exchange-traded fund (ETF).

Plus, callers want to know:

Does it make sense to retire early and, if so, how should a lump-sum payout be invested?

What can be done with an old share of Warner Brothers Studios?

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Pre-Holiday Q&A Dec 02, 2022

This episodes questions:

With a new child on the way, what should be done financially?
What are collective investment trusts?
Daughter being sold a structured annuity, what it it?
Does it make sense to pay of home mortgage?
Does it make sense to transfer a 403b to an IRA and what are the drawbacks?
Can a health savings account (HSA) be moved to another HSA?

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Give Lasting Gifts Dec 01, 2022

Once again, we enter the gift giving season frustrated by trying to pick the perfect present. While things are quickly forgotten a gift of a financial future can literally last a lifetime.

Plus, listeners want to know:

The best way to allocate money between our "three-fund" suggestions?
Does it makes sense to wait on buyiong bonds right now when building a 60/40 portfolio?

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Avoid Inadvertent Gifting Nov 30, 2022

Tom and Don get them, too. Those e-mails that offer you a free gift or inform you a gift that couldn't be delivered. Don't get scammed for Christmas.

Plus listeners chime in:

More agruments against actively managed mutual funds and ETFs.

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Corrupting Bonuses Nov 28, 2022

If bonuses could cause a large group of Wells Fargo employees to cheat, why impact might large comissions have on financial "advice?"

Plus a couple of questions:

Can I change my Roth back to a regular IRA and take a tax loss?

Should I consider the new indexed annuity in my compnay's 401k?

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Risky Financial Education Nov 23, 2022

We recently heard about a non-profit financial education organization, F3E (or Foundation for Financial Education) which claims to provide an unbiased fiscal education. After further review, we found some glaring problems with those who provide this "education." They all appear to be selling insurance products.

Plus, a listener wonders if Securities America is a legitimate custodian.

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Gold IRA Issues Nov 22, 2022

Why would a CBS News reporter tout gold IRAs? Don explains why buying gold in your retirement account is a terrible idea. Plus, he explains what is wrong with most financial advice and why it continues to be so bad. Then, our last caller proves Don's point while trying to to call him out.

Your questions:

What is wrong with ESG investing?
Does it make sense to slowly move an IRA to a Roth?
A former crypto gambler looks for a way to invest kid's gifts.
An the insurance salesman's response to Don's rant.

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Wrong Retirement Time? Nov 21, 2022

As Tom gets ready to travel to Qatar, we consider the opinion of some that a fallen market makes for a dangerous retirement. Plus, we wonder why so many are scared of "the market." What is "the market," really?

Then on to listener questions:

Is there a proper order to move asset classes to a Roth?
How can a young worker invest for the lowest tax liability?
Should a house-flipper own investment property in retirement?
What's the best way to give money to kids?
Can a recharacterized Roth be "backdoored" into another Roth?

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Q&A: CD Day Nov 18, 2022

On this pre-holiday Q&A session listeners want to know:

If a pension counts as a fixed-income portfolio?
From where should retirement income be drawn first?
What's the best place to invest for no risk whatsoever?
That we understood he wasn't throwing Paul Merriman under the bus?
Is it okay to use brokered CDs?
What do we think of Betterment?

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More Crypto Cheats Nov 17, 2022

Another large cryptocurrency exchange, FTX, collapses and even some crypto advocates are having second thoughts about the viability of this possible mega-scam.

Plus, a listener asks of Social Security income can somehow be incorporated into a portfolio as a fixed-income investment?

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60/40 Will Never Die Nov 16, 2022

Every so often, someone tries to make news by declaring a typical balanced portfolio (60% stocks, 40% fixed income) deceased. While a 60/40 portfolio is not the universal answer, creating a properly diversified portfolio for your personal situation should be immortal.

Plus, a listener asks why managed international funds outperform index funds? (spoiler: they don't)

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Insulting Prices Nov 15, 2022

How much is your house really worth? How much is anything worth? One real estate firm decided to stop buying houses because they feared insulting sellers. Tom and Don explain the realities of asset prices.

Then, we take listeners questions:

Where should an estate executor invest money?
How can a lump sum payout stay tax-deferred?
From Ireland: Why have we stopped talking about VT?
Why do some active funds beat the market even though they cost more?

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Feeling Any Better? Nov 14, 2022

After a dreadful three quarters, the stock market soared recently. We discuss which asset classes fared best this year. Then we take lots of questions:

What's the best strategy for retiring early and delaying Social Security?
After getting out of the market early this year, when should he get back in?
Where should a teenager's earnings be invested?
What should be done with a chunk of cash?

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Quality Qs Nov 11, 2022

Another Friday means more of your questions and Don's answers:

Should an old Empower managed 401k be moved to IRA?
How is a pension added to retirement calculation?
Should a Thrivent fund be moved to a low-cost index fund?
Where is our live video show?
What can be done with an extra $4.37 left in old IRA?
If Jeff Bezos invested everything in the total stock market what would happen?
Is the 4% Rule just a ruse to help financial advisors?
Should 403b money be transferred into an indexed annuity?

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Right Time of Day Nov 10, 2022

A recent study found that there may be a best time of day to invest in ETFs. We wonder if it's worth your while.

Plus, a listener asks if it makes sense to get a reverse mortgage for "fun" money?

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Saving With Suze? Nov 09, 2022

Everyone should have an emergency fund. How big should it be and how can you get started building one. We share our thoughts and examine a ne Suze Orman backed service to help get employees set up with automated savings.

Then we hear from a listener wondering what we think of J.L. Collins investing advice.

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Foolish Portfolio Focus Nov 08, 2022

Many of the hot funds of the past got that way by taking big risks on just a few stocks or sectors. However, the dangers of a concetrated portfolio outweigh the occasional impressive gains. Plus, Tom and Don discuss: Should you have invested in the lottery? Are ARMs better than fixed-rate morgages? Then we take listeners questions:

What is the difference between bank and brokered CDs?

Can you pick which IRAs from which to take withdrawals?

What are the call letters of our Seattle station?

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Medicare Disadvantage Plans Nov 07, 2022

During the crazy Medicare enrollment period, insurance compnaies will say or do almost anything to get you to sign up for their Medicare Part C (Medicare Advantage) plans. This allows them to get their hands on that government money that might otherwise just go to patients.

We take some questions, too:

What's the best way to add international equities to AVGE?
Should precious metals and crypto be in your portfolio?

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How are Assets Valued? Nov 03, 2022

How is the price of anything determined? We explore that issue after discovering a huge discrepency between the price of publicly traded real estate investment trusts (REITs) and non-traded REITs. How can one plunge in price while the other seems to be rising?

Plus, a listener wants to know about investing overseas and moving money to safer investments?

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Retiring in Recession? Nov 02, 2022

Some "top experts" share their thoughts about retiring in times of perceived market turmoil. Tom and Don make them easier to understand.

Plus, a listener wonders if his advisor is really a fiduciary when suggesting an annuity purchase.

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The Big Annuity Lie Snares Investors Nov 01, 2022

Just as you can't have calories without weight, you can't have wealth without risk. However, many in the insurance industry want you to believe you can get market returns without losses. Plus, Tom blames Don for the I-bond induced crash of treasurydirect.gov. Don calls Tom an elitist.

We take your questions:

Is moving from Vanguard Windsor II into their large cap index fund a good idea?
When will "real" banks raise their rates?
Why did T. Rowe Price merge funds?

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Expert Misinformation Oct 31, 2022

We discover we have job security as investors are still missing the basics and looking for advice in all the worong places. Plus, what is investing risk. In addition, we get an update on Tom's new car purchase.

Then, we take listeners questions:

What should a recent widow do with a found 401k?
Should he do a $1 million Roth IRA conversion?
How can an investor find true fiduciary advice for a portfolio?

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Wednesday, Thursday, Qday Oct 28, 2022

We have some really great questions this week (and hopefully some decent answers). There seems to be a tax-loss and Roth theme:

Can money from a tax loss sale in a brokerage account be investing in a Roth?

Did she screw up her tax loss sale?

How much can be investing in a Roth TSP and a Roth IRA?

Why isn't Talking Real Money on Deezer?

Is there a better time of day to buy ETFs?

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Break Up With Your Broker Oct 27, 2022

"But, they're so nice," "She's my niece." He goes to our church, so he must be honest." We hear this stuff all the time about financial advisors. Of course they're nice. Most of them are salespeople. To sell products, you generally need to be nice. Should niceness be one of your top criteria for hiring someone to manage your future? Tom and Don discuss how you should be picking an investment advisor.

Plus, a listener wonders which is best, Vanguard, Dimensional, or Avantis?

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Higher Fees, Higher Returns? Oct 26, 2022

A number of fiduciary advisors are being sued for not putting their clients in more expensive mutual funds. Somehow, they equate higher expenses with long-term higher returns.

A listener wonders whether individual bonds are better than a mutual fund?

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Many Go Stock Free Oct 25, 2022

Despite being a proven, long-term wealth building strategy, many Americans still have no stocks on the their portfolios. We explore why. We also spend some time talking with Paul Merriman about the current market and what the future might bring. Plus, we take a question on what should be done with an inheritance?

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Money Market Fund Fees Oct 24, 2022

Money market mutual funds used to be a good place to park money. That has changed as many funds have raised their expenses – some to 1% per year. These high expenses eat up what tiny yield you might have received. There are better alternatives. We also dive into all mutual fund expenses and where they go. How much are you paying, to whom, and for what?

Plus, we take a question about the fee structure of funds of funds. Do you pay twice?

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Q&A Day: How Do Dividends Work Oct 21, 2022

It's Friday (for Don anyway) and he takes a bunch of your questions:

Can you sell an S&P 500 fund at Vanguard and simultaneously buy a a different S&P 500 fund at Fidelity?

Who decides when dividends are declared and terminated?

Who should manage a real estate portfolio?

Should businesses paying her kids to do some work to fund Roth IRAs provide 1099s?

Is AVGE too conservative?

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Financial Know Nothings Oct 20, 2022

Just when you thought the meme stock traders had learned their lesson, they return with new trading targets and even less knowledge.

Plus, we answer our most asked question.

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Inexplicably Volatile? Oct 19, 2022

Market volatility frightens many investors. So, with so many financial experts out there, does anyone really understand investing markets wild fluctuations?

Plus, why would would ever suggest a brand new fund with little money invested and no long-term track record?

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Flipping Out Oct 18, 2022

As real estate prices peak, some of the first feel the effects are speculators like flippers. There is no easy money. Just ask Kevin Bacon.

Then, on to the questions:

Can you tax loss harvest from a municipal bond ETF in a total market bond ETF?

What are the alternatives to to long-term care policies?

Does an immediate annuity make sense?

What is the purpose of bonds in a portfolio?

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How to Get Rich... Oct 17, 2022

Most people want more money than they have. Many want to be rich. How do we define rich and what are some simple ways to get there? Because inflation and the market have battered portfolios, many have decided to delay retirement. Should you wait?

Then we take listeners questions:

Is the Avantis All-Equity ETF (AVGE) a good replacement for VT and how should it be added?
Do we suggest FOREX trading?
In what kinds of accounts to different investments belong?

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A Bunch of Bond Qs Oct 14, 2022

It's Friday Q&A day with Don and in this episode, he takes six of your questions:

Should a home be part of a portfolio mix?
Explain the relationship between bond yields and bond prices.
Is there a disadvantage to waiting to take Social Security?
Is it okay to own multiple funds in similar asset classes?
Do I really need bonds in my portfolio?

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Surprise Subjects Oct 12, 2022

Here's the reveal: Don discovers that one of the worst investment ideas of all times has risen from the dead. Yes, Collateralized Mortgage Obligations (CMOs) are being sold again. Then, Tom's topic is retirement. Do we have retirement planning backward? When should we start planning for our post work life?

Then we take listeners questions:

Is there a better investment than VT for kids long-term investments?

What is our opinion of Avantis All Equities Markets ETF (AVGE)?

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More Insurance Misdeeds Oct 11, 2022

Numerous investigations point to rampant Medicare fraud by the companies that run some of the largest Medicare Advantage plans. When they cheat the system they hurt all of us.

Then we take your questions:

What should be done with an indexed annuity in a qualified retirement plan?
Does it makes sense to join a class action suit against a mutual fund?
How do you convert a percentage to basis points?
From which investment should RMD money be taken?

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So, What Now? Oct 10, 2022

Don looks at his investment portfolio for the first time in months. Yes, stocks and bonds have been down. Should you be doing something? We discuss how to build the right portfolio for any market. We also spend some time discussing the problems with celebrity endorsements for financial products. Also, should the SEC regulate crypto? Then we take some questions:

Why do so many start taking Social Security before age 70?
We clarify spousal beneficiary benefits from Social Security?
How can you buy Treasury securities?
Where should parents go for financial help later in life?

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All About You Day Oct 07, 2022

It's Friday and Don is answering your questions again:

What is our opinion of Personal Capital and AVUV?

What is the cost basis and what are the fees to buy and sell ETFs?

A listener is disappointed with Tom's opinion of I-Bonds.

Is this a good time to buy farm land?

Is it better to be in a tax-free bonds fund?

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House of Trades Oct 05, 2022

Congress came close, but at the last minute greed prevailed and the powers that be, in the House, refused to bring a bill to a vote that would have banned stock trading. What, funds and ETFs aren't good enough for them?

Then off to listeners questions:

What do we think of the Washington state employee annuity?
Should you have different asset classes in your 401k and IRA?
Why does the amount of a security sale differ from the cash available to trade?
Does no state income tax influence the the purchase of CDs or bonds?
With an advisor retiring, how do you choose a new fiduciary advisor?

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The Power of Cash Oct 03, 2022

We start with Don's update on Hurricane Ian, the we consider the many imroved opportunities for investing you short term cash.

After that, we are innundated with questions:

How can a 401k be slowly liquidated when an employer requires the whole account be closed?
What should be done with some old American fund shares in IRAs?
My advisor forgot to send some paperwork.
Is there a cure for a bad case of 'hodgepodgitis?"
How should a TSP portfolio be allocated?

Plus, Tom feels compelled to talk sports again and would you pay 200% interest for that cute "doggy in the window?"

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Back Answering Your Questions Sep 30, 2022

Don is taking your questions again to wrap up the week:

Which comes first, your HSA or 401k?
When is interest taxed in "at maturity" CDs?
The best way to create a balanced investment at Fidelity?
What do we make of an obscure, institutional only fund for retirement plan?
What should parents do with $150,000 sitting in the bank?
Before considering an annuity, with whom should she talk?

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Sinking Home Values Sep 28, 2022

Real estate prices can fall. That truth is becoming obvious as we learn that the Seattle area is falling fastest. Plus, we talk about all of the misleading advice from idustries with commissioned salespeople. Do you have to withdraw from a Roth 401k. Tom asks Don about the latest Florida Hurricane. We share JPMorganChase CEO's Jamie Dimon's thoughts about cryptocurrency. We follow that with the story of Michael Saylor's multi-billion dollar BitCoin bet.

We also hear from listeners:

What are the tax consequences of realizing capital gains in an IRA product?
Thanking us for what we do.
Can you choose with type of 401k account from which you take withdrawals at age 72?
Looking for more information about Series I bonds.
Does it make sense to get a HELOC to buy stocks?

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How to Bear Another Bear Sep 26, 2022

For the second time in a row, investors have faced a second 20%+ decline in 2022. What happened and what does it mean to you? With stocks down and bonds down, at least that bear market protecting, inflation hedging asset class, gold, must have bailed you out? Right? Think again.

So, how are those complaex hedging type mutual funds done? Find out. Plus, we talk about both hurrican and market panic.

Then, we take your calls:

What happened to your podcasts in mid-September?
How to buy treasury securities on their initial offering?
How does the "wash sale rule" work and how to define a "substantially identical" security.
Is AVUV worth the higher fees compared with a pure small cap value index?

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Old & Poor in America Sep 23, 2022

Don is slowly mending as the podcast maintains a shortened schedule of three to four episodes a week. There will be no videos for the nest few weeks.

Today, is the American retirement system broken and what can you do to avoid poverty in your final years?

PlUs, a reformed stockbroker wonders about using actively managed funds to create an income portfolio?

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Time to Retire? Sep 20, 2022

Don and Tom consider the question that plagues many during times after markets have lost money: Is it a bad idea to retire from work in a bear market? Should you go after a "guaranteed" 9% return?

Then, on to your questions:

What do we think of an "advisors" advice to use American Funds in lieu of Vanguard funds?
How much can a working teenager contribute to a Roth?
How can money be given to grandkids and yet protected being used too early?
Is her bank advisor actually a fiduciary and how do they make money?

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The Power of Luck Sep 19, 2022

Don returns to the mic and explains his recent surgical absence (and catches some flack for his disdain for emergency room procedures). Then, we discuss the recent improved performance of active mutual fund managers. Could it simply be luck? Plus, Robin Hood is creating a stupid trader index.

From there we take listeners questions:
When should a 529 plan be funded?
Immediate joint annuity...?
Moving money to Fidelity. How should he switch to indexes.

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Add Bonds, Too. Sep 18, 2022

Program note: We apologize for the delay in getting this episode posted. Don had a major medical emergency on September 9th that both kept him from doing the show and caused him to undergo some intensive surgery on Monday. Thanks so much for your understanding.

What is the diffrenece between stocks and bonds and why do you need those boring bonds? He also discusses the power of broad diversification and a long period during which owning the S&P 500 alone was disasterous.

Plus, Tom takes questions:

Another call about I-Bonds

How do we view REITs?

Thoughts on a Social Security withdrawal strategy?

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Lessons from a Queen Sep 16, 2022

Program note: We apologize for the delay in getting this episode posted. Don had a major medical emergency on Friday that both kept him from doing the show and caused him to undergo some intensive surgery on Monday. Thanks so much for your understanding. He plans to be back for the Saturday show and subsequent episodes.

Tom uses the passing of Queen Elizabeth to make a point about investing consistency.

Do you know your retirement number?

Can you really retire in a recession?

Can iBonds be used in retirement accounts?

What should be done with low interest rate credit union money?

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Getting Back to Work Sep 08, 2022

Don and Tom and John Rekenthaler share some lessons learned about the latest hot boutique funds. Then we take some questions:

Which mutual funds should be used in new Fidelity IRAs?
What's a good ETF in which to park tax loss assets?

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Always Right Sep 07, 2022

Sure, you might correctly guess the future direction of the stock market once, but can you do it every time?

Then, we hear from a bunch of listeners:

One shares a great Vanguard experience.
Another with some really bad investments.
Are Vanguard and few other fund groups facing government intervention?
We hear about the elcetic concept of private foundations avoiding RMD.
Must money be in Roth for five years before withdrawals?
Finally, what do we think of the Fidelity Zero funds?

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Retiring in a Bad Market Sep 06, 2022

We start with off-topic discusssions about holidays and changes in office work. Then we discuss a concern that many share: Can I afford to retire? Plus, we question a retirement portfolio suggestion.

We hear from listeners:

About Vanguard's declining level of customer support.
Wondering if Tom remembers him?
Bashing us for bashing crypto.
It was a holiday.

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Worthless Writings Sep 01, 2022

Don discover a number of articles in Entreprenuer magazine that seem to be created from the same formula by a stock "research" firm in Kalkota. Plus, a comment of our tax-free investing advice.

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More Pointless Products Aug 31, 2022

Tom and Don take a look at a couple of popular investnents that no one needs; buffer funds, private real estate.

Then a listener wonders how to get into Dimensional Funds' products?

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401 Fiduciary Failure? Aug 30, 2022

United Healthcare has been using expensive funds in their 401k plan. Should they have looked for cheaper products? Looks like a court will decide.

Then we take lots of listener questions:

Is Vanguard getting out of mutual fund business?
How do ETFs work and why use them?
What might happen to a company when all shares are held internally?
Will savings rates ever get reasonable again?
How do Treasury Bills work?
Must IRA accounts have beneficiaries named?

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1,000 and 10,000 Aug 29, 2022

As the market collapsed again, how bad has the market actuall been for real investors? Then, what should you do with your student loan forgiveness? How do you pick the right mutual funds? We share the latest chapter in the AMC meme stock stupidity.

Listeners ask:

Does it make sense to tax-loss harvest in tax-advantaged accounts?
How long does the IRS expect us to live?

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A Better Way to Q&A Aug 26, 2022

Don spends another day answering listeners questions:

What to we think about market timing?
How can he add small and emerging markets with a mediocre 401k?
What is the worst case scenarion for an I-Bond buyer?
What is a basis point and is Tom caffeinated?
Can a retored spouse have a Roth IRA and Personal Capital's new savings account?
What should be done with next year's Roth contributions?

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Are There No Fiduciaries? Aug 25, 2022

We explore one of those lists of the "best" financial "advisors." What makes this list of commissioned brokers the "best" wealth managers? We ask and answer that question.

Plus, listeners want to know what to do with a bunch of Microsoft stocks and what is the difference between Dimensional and Avantis?

Also, check out the video version at YouTube.com/talkingrealmoney

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Are There No Rules? Aug 24, 2022

Tom is back. First, we discover that active mutual funds can pick their own securities benchmarks against which they are compared. Now, it appeard that insitutional fund managers are setting their own performance targets to increase performance bonuses.

A listener wonders if Social Security can be considered part of a fixed-income portfolio?

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Just Change the Rules Aug 23, 2022

Don't like the way your active mutual fund compares to the competition? No problem. Just pick a better benchmark. It's perfectly legal and very effective at misdirecting investors. Don also considers the arguments that index funds are un-American. Yet, only a tiny percentage of active funds beat the indexes.

A caller wonders if annuities are guaranteed and what to do with them?

What's the best way to fund retirement accounts for young children?

How could Wellington and Wellesley be recreated with index funds?

In which accounts should bonds be held?

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The Great Ed and Med Ruse Aug 22, 2022

Don dives into one of his biggest issues with the financial services industry. Many insurance companies are lying their way into the retirement plans of educators, medical workers, and public employees and sucking out HUGE fees. That's not conjecture, it's fact. Even worse the teachers unions are more than complicit. They actively promote expensive annuities to their members.

Then onto the questions:

Where can the most recent IRS mortality tables ne found?
Does al all value portfolio make sense?
What should be done with an old fixed annuity?

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Chock Full O' Qs Aug 19, 2022

Thanks for all the great questions. Here's what Don answers in this episode:

How should bonds be added to a portfolio?
Is it time to abandon the sinking ARKK?
Does Crowdstreet look like a good investment?
Will a 70-year old employee face any emergency 401k penalties?
Are these advisors always fiduciaries?
Any apparent problems with this 60/40 portfolio?

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Paying Too Much Aug 18, 2022

Today Don dives into Morgan Stanley's form ADV and a sample crokerage statement to try and help you understand how much you might be paying for investing advice.

Be sure to watch the video to get the visual details at youtube.com/talkingrealmoney

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Who Shot Crypto? Aug 17, 2022

Who was responsible for Crypto's recent collapse?

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Famously Bad Advice Aug 16, 2022

Famous people are notoriously bad investors.

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Reacting to News Aug 15, 2022

Don't react to the markets.

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Bad Brokers Sell Insurance Aug 10, 2022

Where do problem brokers go?

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Essentials Ignorance Aug 08, 2022

Too many don't know the basics.

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Friday Means Questions Aug 05, 2022

It's Don's favorite day: Q&A Friday!

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Too Little to Retire? Aug 04, 2022

What should you do if you didn't save enough?

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Returns Can Deceive Aug 03, 2022

Even a great long-term track record means little.

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"Baloney Storm" Aug 02, 2022

Wanna know what's next for the market?

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Gambling and Social Security Aug 01, 2022

Billion dollar lotto winnings and an expert on Social Security

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Yes, Q&A Day is back Jul 29, 2022

Don's back and taking more questions.

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Wanna Retire Early? Jul 28, 2022

We share some good and bad early retirement tips.

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Crazy Crypto Counseling Jul 27, 2022

More stories of crypto insanity.

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Lying by Omission Jul 27, 2022

Perfidiously pushing products.

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Sell House Now or Later? Jul 25, 2022

HIgher interest rates have slowed home sales

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High Returns, No Risk Jul 22, 2022

You just came into money. What now?

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Fowl Prices Jul 19, 2022

What can you do to reduce the effects of inflation?

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Prepare For Bear Jul 14, 2022

Bears happen when you least expect them.

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Snowballing Swindles Jul 13, 2022

How to avoid being taken by a con artist.

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In Case of Recession... Jul 12, 2022

Emergency cash for a possible recessions

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When to Do What? Jul 11, 2022

There are no telltale signs of a market changing direction.

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Just a Few Good Qs Jul 08, 2022

We only have three questions today.

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The Truth About Rollovers Jul 07, 2022

Will new rules reduce bad retirement rollover pitches?

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Annuities: Agreeing With Dave Jul 06, 2022

A magazine ad pretending to be an article.

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Holiday Caller Day Jul 05, 2022

We expected very few calls. We were wrong.

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More of Your Questions Jul 01, 2022

It's Friday, so...

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Bad Six Months Jun 30, 2022

A proper portfolio didn't do too badly.

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Pensions Compound Mistakes Jun 29, 2022

Underfunded pensions are getting desperate.

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Growth to Value to ARKK Jun 28, 2022

Some hot stocks become undervalued.

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Creating Retirement Income Jun 27, 2022

You need a retirement income plan.

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You're Q'ing Again Jun 24, 2022

Your questions came pouring back in.

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Bad News Letters Jun 23, 2022

Not even newsletters know the future.

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Bad Time to Retire? Jun 22, 2022

Should you be worried about retiring in a bear market?

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Woods' Titanic Losses Jun 21, 2022

How quickly big gains can vanish.

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Crypto and Gold... Jun 20, 2022

Two things that are not investments.

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Doge Con? Jun 17, 2022

With only one Q, we focus on a Musk suit.

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Talking Real Risk Jun 16, 2022

How risky is your portfolio?

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Risk-Free Stock Returns? Jun 15, 2022

The big lie ropes in big bucks.

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How Bad Was It? Jun 14, 2022

The market feels unBEARable.

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Financial Fibbers Jun 13, 2022

Sure, they are nice, but are they honest?

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Your Q and My A Jun 10, 2022

Don answers more listeners questions.

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Real Estate Reality Jun 09, 2022

Real estate hasn't been as hot as it seemed.

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More Fiscal Failings Jun 08, 2022

The 10 biggest mistakes investors make.

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Financial Foolishness Jun 07, 2022

Investors' biggest errors.

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Not Enough to Retire? Jun 06, 2022

Too many are facing a frugal future.

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We're Q&A Caught Up Jun 03, 2022

Today's podcast features some great questions from you.

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Rich Right Away Jun 02, 2022

Rich? Fast? Think again.

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Delaying Retirement? Jun 01, 2022

Do you really need to wait to retire?

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Change of Plans May 31, 2022

Technical problems force us to go with an old show.

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Q&A Friday is Back May 27, 2022

Our Q&A schedule returns to normal.

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You Don't Know the Way May 26, 2022

You have no clue what the market will do.

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What Makes You Rich? May 25, 2022

How much do you need to be "rich?"

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Bonds Near Bottom? May 24, 2022

Bonds have experienced very limited downside.

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Almost a Bear May 23, 2022

Stocks have been doing that thing they do.

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01.28.17 – In Your Best Interests May 20, 2022

This episode is from our vault and hasn't been heard in years.

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Is the Ship Sinking? May 19, 2022

Is it time for investors to jump ship?

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The Bogle Effect May 18, 2022

Tom interviews the author of "The Bogle Effect."

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60/40 Will Never Die May 17, 2022

Reports of balanced funds' death are greatly exaggerated.

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Retiremeet 2022 May 16, 2022

Tom and Don Live at Retiremeet

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Financial Physics 101 May 13, 2022

The new edition of "Financial Fysics" has arrived.

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Do They Work For You? May 12, 2022

Is your financial advisor an insurance agent in disguise?

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How to Reduce Volatility May 11, 2022

How much diversification do you need?

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Take the Cash Now? May 10, 2022

Is it better to take the pension or the lump sum?

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Is Indexing Evil? May 09, 2022

How could index investing be a bad thing?

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OLD SHOW: Tom, Don, & Paul 2017 May 07, 2022

February 2017: Paul Merriman reunites with Don and Tom

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Q&A: A Terrible 403b May 06, 2022

Don's answering your questions, again.

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What Should You Do? May 05, 2022

The markets are a mess. Now what?

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Buffett Bashes Bitcoin May 04, 2022

Wise investors won't touch crypto.

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Full Phone Lines May 03, 2022

With a lot of calls, Don skips a main topic.

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Fear in the Markets May 02, 2022

Once again, investors are tested by falling security prices.

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Great Day of Q&A Apr 29, 2022

Quite the crop of questions.

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All In the Red Apr 28, 2022

What to do when everything is down?

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Mid-Week Q&A Apr 27, 2022

We consider crypto 401ks and a bunch of questions.

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Savings Rates Leisurely Rise Apr 26, 2022

Short-term interest rates are s-l-ow-l-y rising.

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Corrections Expected Apr 25, 2022

After a string of great years, the markets are acting normally.

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Environmental & Social Investing Apr 22, 2022

Larry Swedroe joins Tom to talk about ESG investing.

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Big Bad Bonds Apr 21, 2022

Some bonds can be almost as risky as stocks.

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Another Hump Day Q&A Apr 20, 2022

We keep trying to whittle down the question pile.

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Lower Your Expectations Apr 19, 2022

Instead of stretching for more, create a plan for less.

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Talking Real Mole Apr 18, 2022

Paul Merriman joins Tom for a bad food and great investing episode.

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OLD SHOW: Investing Isn't Gambling Apr 16, 2022

Herer is another episode that hasn't been heard in five years.

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Early Q&A Day Apr 14, 2022

Due to the Friday holiday Don answers question early.

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Lucky or Smart? Apr 13, 2022

Should you invest in last year's hottest funds?

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Easier Retirement Saving Apr 12, 2022

A simple pschycological trick to save more.

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60/40: Dead or Alive Apr 11, 2022

It seems that the traditional balanced portfolio is not yet dead.

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End of Week Queries Apr 08, 2022

Don is back with your questions and his answers.

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Real Estate About to Fall? Apr 07, 2022

Are we nearing the end of another real estate bubble?

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From 2.11.17 - "Live" from Retiremeet 2017 Apr 06, 2022

This episode was created five years ago and hasn't been heard since.

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It's Been Bad, But... Apr 05, 2022

...the markets haven't been as bad as they seem.

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How Much Would You Pay? Apr 04, 2022

What is virtual jewelry really worth?

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2.22.17 – Lesson to Sell? Apr 03, 2022

We dive into the vault for an episode not available since 2018.

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Q&A – Day Two Apr 01, 2022

We love answering your questions.

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Your Profound Questions Mar 31, 2022

Tom and Don work to catch up on your questions.

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Fron Stacking to Stacked Mar 30, 2022

Joe Saul-Sehy from "Stacking Benjamins" joins Don to talk about his new book, "Stacked."

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"Better" Investments Rarely Are Mar 30, 2022

We'd suggest you look both ways before stepping into YieldStreet.

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In the Same Place Mar 28, 2022

Tom flies to Florida to do the show and see a soccer game.

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2.25.17 - Stopped Clock King Mar 27, 2022

Another archived show: Six years later very little has changed.

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Q&A Back on Friday Mar 25, 2022

Don takes your questions to end the work week (for some).

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Misleading Money Media Mar 24, 2022

How and why the financial media makes outrageous claims.

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The Market is Smarter Mar 23, 2022

Active money management continues to fail miserably.

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Too Much Lying Mar 22, 2022

How to find a truthful financial advisor.

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Stop Waiting to Invest Mar 21, 2022

You cannot possibly know when it's time to invest.

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They Don't Care About You Mar 18, 2022

The movie, "Margin Call" helps us illustrate Wall Street's real motives.

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Sex and the Fiduciary Mar 17, 2022

Very specialized financial advice.

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Q&A Different Day Mar 16, 2022

We move questions and answers to Wednesday this week.

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Dealing With Inflation Mar 15, 2022

What can you do to adjust portfolio for inflation.

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Buying Low is Hard to Do Mar 14, 2022

It's difficult to buy stocks when they have been down.

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3.4.17 – Make Money for You Mar 13, 2022

This is an archived show from March of 2017.

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Perspective & Questions Mar 11, 2022

How bad is today's market compared with 2020?

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Retirement Superstitions Mar 10, 2022

Mistaken beliefs about retirement.

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Start With a Plan Mar 09, 2022

Know what you need before you invest.

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Safe Income Annuity? Mar 08, 2022

Looking for a guaranteed income annuity?

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Bogle Said "Don't Peek" Mar 07, 2022

Even investing at the worst time turned out fine.

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War, Investing, Questions Mar 04, 2022

A few comments and a bunch of questions.

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Focused Investing Fails Mar 03, 2022

Hot investments often turn cold.

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Need to Do Something? Mar 02, 2022

How to act when markets are falling?

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Too Many Active ETFs Mar 01, 2022

ETFs are breeding like bunnies.

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When Bad Things Happen... Feb 28, 2022

A new war in Europe baffles the markets.

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4.12.17 – The Big Question Feb 27, 2022

An archived episode from almost five years ago.

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3.18.17 – Investing in Old Sitcoms Feb 26, 2022

An old episode from back in 2017.

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A Little Ukraine + Q&A Feb 25, 2022

Make sure you have the right plan for you.

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Up Without Down Feb 24, 2022

Do "special" investors have access to "special"portfolios?

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Admit Your Money Mistakes Feb 23, 2022

Investors often forget their mistakes.

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No Pain, No Gain Feb 22, 2022

Bad things happen to good investments.

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Scam-A-Rama Feb 21, 2022

Some of today's most popular scams.

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4.6.17: Only One Way to Invest Feb 20, 2022

Investing is too easy to be so hard.

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4.20.17 – Dave Ramsey ELP'd Out Feb 19, 2022

Dave Ramsey is forced to change his "endorsement" program.

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Q&A Extravaganza Feb 18, 2022

Today, Don take nine of your questions and comments.

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More Annuity Arguments Feb 17, 2022

An economist takes us to task about SOME annuities.

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Family Financial Fights Feb 16, 2022

Money is one of the top two causes of fights.

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Inflation Beats Banks Feb 15, 2022

Too many seem to want to lose money.

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You'll Just Be Guessing. Feb 14, 2022

Are we in a stock bubble?

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4.24.17 – Beyond Human Capital Feb 13, 2022

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5.3.17 – Expect How Much? Feb 13, 2022

This is an ARCHIVED show from 2017.

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Don's Big Q&A Day Feb 11, 2022

Wow! Six questions in one podcast.

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Self-Regulation Oxymoronic Feb 10, 2022

Can an industry actually protect consumers from itself?

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Congress, Stocks, and You Feb 09, 2022

There is one lesson for everyone from Congress.

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Blockchain Blockheads Feb 08, 2022

Crypto insanity is reaching new levels of stupidity.

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No Solo Stocks Feb 07, 2022

Trying to pick individual stocks can be dangerous.

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5.12.17 – Real College Investing Feb 06, 2022

Another old show from 2017

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5.9.17 – Do You Really Believe...? Feb 05, 2022

Here's more from the past.

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Another Big Q&A Day Feb 04, 2022

Don takes on seven of your questions.

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Buying the Robots Feb 03, 2022

An odd mix: Full-service brokers and robo-advisors.

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Ignoring the Facts Feb 02, 2022

Many tell you what you want to hear.

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Over Stocked? Feb 01, 2022

Are you too heavily invested in stocks.

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Quit Portfolio Peeking Jan 31, 2022

Close your eyes during trying times.

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5.26.17 – Questions from Classes Jan 30, 2022

An episode tucked away sine 2017

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6.2.17 – Advisor a Fiduciary? Jan 29, 2022

Here's another archived episode from 2017

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Another Day of Q&A Jan 28, 2022

You have questions. Don has answers.

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Avoid Portfolio Panic Jan 27, 2022

Wade Pfau is not an unbiased source of financial advice.

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Crypto to Zero? Jan 26, 2022

How low can crypto go?

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Dumb "Smart" Money Jan 25, 2022

Wall Street hopes you know the future.

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Vanguard's Big, Bad Surprise Jan 24, 2022

An example of the dark side of regular mutual funds

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6.2.17 – You Charge How Much?! Jan 23, 2022

An episode from the vault.

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6.2.17 – Find the Fees Jan 22, 2022

Another archived episode from 2017.

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Down Day Q&A Jan 21, 2022

Bad week for stocks, good one for your questions.

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Ignore Future Guesses Jan 20, 2022

Why prepare for predictions that may be wrong?

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Stock Go Up More Jan 20, 2022

It doesn't matter if you buy at the top.

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Bonds Went Down! Jan 19, 2022

Why should you own bonds?

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An Overloaded ETF Goes Down Jan 17, 2022

ARK took on too much money.

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6.9.17 – What, Tom Arrogant? Jan 15, 2022

Here's another blast from the past.

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Don Loves Questions Jan 14, 2022

We have some great questions and asnwers for you.

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Query Catch-Up Jan 13, 2022

Questions and a curious coincidence.

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Missing the Real Target Jan 12, 2022

Are target-date funds suitable for everyone?

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Bad Investing Habits Jan 11, 2022

Quit paying attention to the financial news

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Financial Knowledge in Jeopardy Jan 10, 2022

A basic investing "answer" stumps the contestants.

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6.16.17 – Lying by Omission Jan 09, 2022

Another long forgotten episode from June 2017.

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Don's Friday Quiz Show Jan 07, 2022

We've made it through the last of your 2021 questions.

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An Extra Day of Q&A Jan 06, 2022

We attack our giant pile of listener questions.

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The Case Against Gold Jan 05, 2022

No matter how you present it, gold is a bad investment.

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Hope Springs Eternal Jan 04, 2022

Someday their predictions will come true.

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Fear Foolishness Jan 03, 2022

The biggest problem facing investors is fear.

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6.9.17 – Life Insurance Truth Jan 02, 2022

We head back to June of 2017 again.

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6.9.17 – Are We Arrogant? Jan 01, 2022

Yet another archived show from June of 2017.

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6.9.17 – Hiring a Robot Dec 31, 2021

An long unheard archived episode.

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6.16.17 – Not a True Fiduciary Dec 30, 2021

Another show from our 2017 archives.

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6.16.17 – Can You Lose It All? Dec 29, 2021

With Don on vacation, here's a long unheard episode.

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6.16.17 – Lying by Omission Dec 28, 2021

An old podcast fromback in June 2017

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12.27.16 – Know What You Don't Know Dec 27, 2021

Another holiday season show from December 2016

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12.13.16 – Speculating or Investing Dec 26, 2021

An archived show from December 13, 2016

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12.23.14 - Happy Holidays Dec 24, 2021

Here is our holiday show from December of 2014

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Q&A on Thursday? Dec 23, 2021

Kicking your questions up a day.

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Just Be Honest Dec 22, 2021

Even in legal disclosures, the truth is hard to find.

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Want 7% Per Year? Dec 21, 2021

The alchemy behind the 7HNDL ETF.

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More Fiduciary Follies Dec 20, 2021

It's hard to know who's looking out for you.

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6.23.17 – The Wild West of Podcasting Dec 19, 2021

A found episode from June of 2017.

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6.23.17 – Telling the Truth Dec 18, 2021

FROM OUR AUDIO ARCHIVES
Please do not call the phone number in podcast. Use 855-935-8255 instead.
Also, the ads and other information may not be accurate at the time you listen.
Should you hire a Vanguard financial advisor?
Why the market being at another all-time high shouldn't impact your investing decisions.
Why the advice we provide is so different than most of the other money shows.

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Pre-Holiday Q&A Day Dec 17, 2021

Our weekly question and answer episode.

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Insurance Product Overkill Dec 16, 2021

There are too many, too confusing insurance 'investments."

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Not Bogle's Vanguard Dec 15, 2021

Has Vanguard lost its way?

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Imaginary Money Magic? Dec 14, 2021

There is no secret financial sauce.

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Real Estate Done Right Dec 13, 2021

Real estate diversification makes sense, too.

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6.23.17 – More is Better Dec 12, 2021

An archived episode from June 23,2017

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6.30.17 – Live from New York Dec 11, 2021

An archived show from June 30, 2017

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The Great Question Episode Dec 10, 2021

Don really loves answering your questions.

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Terrible Money Gifts Dec 10, 2021

There are good and bad money gifts.

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DIY IRA Dec 08, 2021

It's illegal to keep you IRA at home.

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More Bad Predictions Dec 07, 2021

'Tis the season for predictions...

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No Perfect Solution Dec 06, 2021

There is no absolute answer to any problem.

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7.7.17 – Whaddya Know? Dec 05, 2021

Archived episode from July 7, 2017

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7.14.17 – Live from Austin Dec 04, 2021

Another archived episode from July 14, 2017

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Hey... It's Q&A Friday! Dec 03, 2021

A plethora of questions and one great comment.

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We're Talking Trillions Dec 02, 2021

Exploring the history of index funds.

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No No Annuities Dec 01, 2021

We dislike annuities more with every passing podcast.

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Foreign FUNDamentals Nov 30, 2021

International stocks should always be part of your portfolio.

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Double Black Friday Nov 29, 2021

The stock markets make Black Friday even darker.

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7.21.17 – Don't Own Your Own! Nov 28, 2021

Archived episode from July 21, 2017.

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7.28.17 – Money Should Work for You Nov 27, 2021

Another archived episode, unheard for years, from July 28,2017.

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It Can't Be Known Nov 26, 2021

The future CANNOT be predicted.

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8.4.2017 – Single Organism Investing Nov 25, 2021

Happy Thanksgiving with an episode from August 4, 2017

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8.11.17 - Dow 22,000 Nov 24, 2021

An archived episode from August 11, 2017

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Investing Thanksgiving Nov 23, 2021

Thanks to those who provided investing lessons.

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Hidden Index Fund Problem Nov 22, 2021

You may have too much in meme stocks, even in an index fund.

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8.18.17 – Anything for a Buck Nov 21, 2021

A "lost" episode from the vault dated August 18, 2017.

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8.25.17 – Vestory Office Opening Nov 21, 2021

An "lost" episode from the vault dated August 25, 2017.

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Turkey Day Q&A Nov 19, 2021

It's the Friday before Thanksgiving and queries abound.

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Understanding ETFs Nov 18, 2021

Avantis Investors Chief Investment Officer explains exchange-traded funds.

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The Safe Wealth Illusion Nov 17, 2021

You can't make money without taking risk, period.

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Trade In Tesla? Nov 16, 2021

Time to sell Tesla stock (and other individual equities)?

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4% Rule Dead Again Nov 15, 2021

It it now time to give up on the 4% rule?

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9.1.17 – Insurance Disguised as Investing Nov 14, 2021

Another episode from the vault recorded on September 1, 2017.

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9.8.17 – Product Peddler Problems Nov 13, 2021

An episode from our archive: September 8, 2017

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A Buck and Some Qs Nov 12, 2021

Economic etymology and your questions, answered.

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Old vs. New Fund Managers... Nov 11, 2021

...or might you be better off with no managers?

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Future Failures of America Nov 10, 2021

It's all fun and games until some money gets hurt.

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Can You Afford to Retire? Nov 09, 2021

Are you on track to have enough to retire comfortably?

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New Highs Normal Nov 08, 2021

Stocks have hit ongoing new highs because the economy has always grown.

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Post-Booster Q&A Nov 05, 2021

Don powers through your questions once again.

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Data Mining? Nov 04, 2021

There's a fine line between selecting time periods and cherry picking.

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Forecasters Flounder Nov 03, 2021

It's impossible to accurately predict the future.

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The Scourge of Annuities Nov 02, 2021

Annuities keep sneaking back into retirement plans.

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Bury the Bond Bull? Nov 01, 2021

The great 40-year bond rally had to end.

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Social Security Special Oct 30, 2021

Tom spends time with a Social Security expert.

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A Whole Lotta Queries Oct 29, 2021

The question pour in and Don takes them on.

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Control Only What You Can Oct 28, 2021

We worry too much about things we can't control.

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What About Inflation? Oct 27, 2021

How does inflation effect you and what should you do about it?

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Beat It or Be It? Oct 26, 2021

It's usually better to just BE the market.

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More Betting on BitCoin Oct 25, 2021

Instead of buying nothing, you can now bet on buying nothing.

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Questions, Answers, Microphone? Oct 22, 2021

It's another Q&A Friday with some bonus material for a few listeners.

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The Demise of 60/40 Oct 21, 2021

Is the balanced portfolio an obsolete idea?

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Seeking Great Advice Oct 20, 2021

Good investing help is REALLY hard to find.

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Prediction Contradictions Oct 19, 2021

When everyone disagrees it just proves no one knows.

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Fortune's Fine Facts Oct 18, 2021

Financial magazines usually pander to investors' emotions.

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Going for a Q&A Record Oct 15, 2021

As the questions pile up, Don goes for a new Q&A Friday record

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Will Tether Unravel? Oct 14, 2021

One of the major cryptocurrencies may cause a crisis.

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We Want Guarantees Oct 13, 2021

What you want may not always be what you need.

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Investing Sleight of Hand Oct 12, 2021

The insurance industry wants a piece of your retirement money.

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Penny for Your Stocks Oct 11, 2021

Are speculators running out of bad ideas?

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Money Memory Aids Oct 08, 2021

Some of the mnemonic devices used in the financial advice industry.

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Financial Fraud Forever Oct 07, 2021

The stock market IS rigged and it doesn't matter.

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Right Place, Right Time Oct 06, 2021

If they're just lucky how can they be the best?

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Taxes and the Giant Leaf Blower Oct 05, 2021

One thing is certain, tax rates will change.

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Falling for Forty Years Oct 05, 2021

Interest rates hit their peak almost 40-years ago.

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So Many Questions Oct 01, 2021

If it's Friday, it must be Q&A day.

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Maybe Not So Green Sep 30, 2021

Are ESG funds what they are supposed to be?

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Social Insecurity Sep 29, 2021

Will Social Security go broke in 2034?

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Insurance Products Guaranteed? Sep 28, 2021

What are the risks involved when investing with insurance companies?

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Blame it on China Sep 27, 2021

Today's economic scapegoat: China.

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Buy the Dips? Sep 24, 2021

Any attempt to time the market is likely to fail.

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Crypto Curmudgeons Sep 23, 2021

Most of the really smart money experts are worried about BitCoin, etc.

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Keep Calm and Carry On Sep 22, 2021

Someday, the market will fall a lot, but you can't know in advance.

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Your Future Starts With a Plan Sep 21, 2021

A haphazard approach to retirement investing can be disastrous.

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Do Real Estate Better Sep 20, 2021

Make investing in real estate easier and possibly more profitable.

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The Last Q&A from VA Sep 17, 2021

Answering a whole bunch of your questions.

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Good Ol' Speculatin' Sep 16, 2021

Speculation has been with us forever.

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Gambling Thomas Sep 15, 2021

Much of what passes for investing is more like gambling.

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Two-Episode Question Sep 14, 2021

We finish answering the longest question ever.

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Ill-Advised Swagger Sep 13, 2021

Long-term strong markets lead to massive overconfidence.

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A Q&A Deluge Sep 10, 2021

Don takes on a torrent of written questions.

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Annuities & Fiduciaries Sep 09, 2021

Why we hate annuity sales practices.

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Stretching... for Yield Sep 08, 2021

The risks of reaching for extra income.

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Money Never Easy Sep 07, 2021

Are you being lulled into a false sense of investing security?

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Labor Day Q & A Sep 03, 2021

Another podcast filled with your questions.

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What is Passive Investing? Sep 02, 2021

Index funds are passive, right?

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Build Wealth on Wealth Sep 01, 2021

How to use the positive power of compounding.

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Questions and Cheescake Aug 31, 2021

We take a variety of calls and a comment for dessert.

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Social Media, Memes, and Money Aug 30, 2021

Social media is filled with terrible advice making purveyors wealthy.

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Another Day of Q and A Aug 27, 2021

A whole lot of questions from listeners.

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Investing Between the Extremes Aug 26, 2021

Real investing isn't gambling or savings accounts.

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Young Investors Mistakes Aug 25, 2021

The survey says: Young investors could be better investors.

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Passive Shouldn't Mean Work Aug 24, 2021

Many sources of passive income seem quite active.

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How Much Do You Need? Aug 23, 2021

How much money will you need to retire comfortably.

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Our Weekly Q&A Session Aug 20, 2021

Your questions keep coming in, so Don answers them again.

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Buffett's Investing Advice Aug 19, 2021

The Oracle of Omaha's simple portfolio suggestion.

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Expert Investing Ideas Aug 18, 2021

Some investing "experts" share a few weird recommendations.

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Is Real Estate Investing? Aug 17, 2021

Real estate is not an easy way to make money.

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It Eventually Breaks Even Aug 16, 2021

Gold is an inflation hedge... if you wait long enough.

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CryptoCrime + Q&A Aug 13, 2021

Another way cryptocurrencies feel like the "Wild West."

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An Ivy League Portfolio Aug 12, 2021

A professional money manager got it right.

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Too Many Angels Aug 11, 2021

Funding new businesses can be very dangerous.

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Insurance and Investing Don't Mix Aug 10, 2021

An insurance expert has cocerns about cash-value life.

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Seven Investing Principles Aug 09, 2021

How do the academics think you should invest?

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Your Inquiries, Don's Replies Aug 06, 2021

The end of the week brings answers to your questions.

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Emerging Markets Make Sense Aug 05, 2021

This giant economy is still an emerging market.

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The Best Retirement Account Aug 04, 2021

What are the best accounts for your retirement plan?

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Watch What You're Paying Aug 03, 2021

Investing always has costs and they can vary greatly.

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The Trouble With IPOs Aug 02, 2021

Stock initial public offerings are too risky for real investors.

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Hey, Hey, More Q&A Jul 30, 2021

Building a portfolio, bad advisor, poor house investment, 401k contributions.

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Absurd Expectations Jul 29, 2021

Investors are expecting their investments to make how much?

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Contradictory Advice Jul 28, 2021

Hackneyed pointers that can lead to bad investing decisions.

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Sky High Houses Jul 27, 2021

Home prices are up by record amounts.

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Forget Past Performance Jul 26, 2021

Stop using the the financial past to predict the future.

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Kids Must Earn Income Jul 23, 2021

A tax credit isn't earned income.

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Crypto "Cult-Like" Jul 22, 2021

The days of cryptocurrencies as we know them are numbered.

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Meaningless Market Moves Jul 21, 2021

The media makes a big deal about big moves.

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Financial Advisors: Good & Bad Jul 20, 2021

The ins and outs of finding money help.

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Inflation Taking Off? Jul 19, 2021

How to deal with the possibility of inflation.

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TGIQ (and A) Day Jul 16, 2021

Don attacks more of your money questions.

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Double Dipping Advisors Jul 15, 2021

The SEC goes after fee-based advisors who hide commissions.

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TRMSI-Owning Only Stocks Jul 14, 2021

Does it make sense to have a portfolio of just stocks?

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Talking Real Volatility Jul 13, 2021

What has been more volatile than stocks?

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More Queries and Comments Jul 10, 2021

Thanks for all the questions and thoughts

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Catching Some Qs Jul 09, 2021

Trying to catch up on all the questions.

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Investors' Expectations Jul 08, 2021

Which investments will be the best in the future?

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ConsumerMan on CryptoScams Jul 07, 2021

The ConsumerMan, Herb Weisbaum joins Tom

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Lifeless Money Jul 06, 2021

Too much money is making too little.

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Don's Vacation Q&A Jul 02, 2021

Even on a pseudo-vacation, Don is still answering questions.

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Gambling Away Retirement Jul 01, 2021

You should NEVER speculate with your retirement portfolio.

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Richer After Pandemic? Jun 30, 2021

Are we better off after COVID?

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Everybody Gets Scammed Jun 29, 2021

Online scams are effecting more young people.

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Paying Attention? Jun 28, 2021

Listeners keep telling us they follow us religiously.

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Complex Not Better Jun 25, 2021

Wall Street keeps cranking out crazy, convoluted stuff.

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Wait How Long? Jun 24, 2021

When investing, how long is long enough?

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Brokers No More? Jun 23, 2021

Nobody wants to be called a stockbroker.

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Recycled Investment Vehicles Jun 22, 2021

Floating rate notes return after a long hiatus.

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So, the Market Fell... Jun 21, 2021

You can't have profits without suffering some losses.

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Advisors: Quit Lying Jun 18, 2021

Are you an honest financial advisor?

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The Switch to ETFs Jun 17, 2021

DFA converts some of its fund to ETFs

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Take Up Farming? Jun 16, 2021

Replace a 60/40 portfolio with farmland?

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Copious Questions Jun 15, 2021

We use AI to read your questions.

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Monday Q&A Jun 14, 2021

Our normal Monday podcast is late...

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Houses on (Figurative) Fire Jun 11, 2021

What should you do in this hot housing market?

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Busting 3 Money Myths Jun 10, 2021

Don, Tom, and Paul Merrimam dispel false financial notions.

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In Case of Diminished Capacity Jun 09, 2021

You need a plan for possible future cognitive decline.

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Did You Forget Something? Jun 08, 2021

A lot of money is sitting in old 401k plans.

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Pandering Advisors Jun 07, 2021

Too many financial advisors will give you whatever you want.

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Overthinking Portfolio Jun 06, 2021

No need to mess with smart portfolio plan.

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Prediction From the Past Jun 05, 2021

How accurate was this 2001 prediction?

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Question Everything Jun 04, 2021

Sometimes you have to ask for what your deserve.

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Dump Dumb Dow Jun 03, 2021

The Dow 30 has surpassed its useful life.

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US Backed High Yield Jun 02, 2021

A goverment bond yielding 3.5%

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Finding Common Ground Jun 01, 2021

Dealing with family investing disagreements.

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Wealth Killing Emotions May 28, 2021

Money making mind control.

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Be the Market May 27, 2021

You'll never beat the market.

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Designation Confusion May 26, 2021

What do all those letters mean?

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Is All Debt Bad? May 25, 2021

Debt is declining, but don't go too far.

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A Little Here, A Little There... May 24, 2021

Small changes can make big bucks over time.

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Crypto No More May 21, 2021

Cryptocurrencies are walking dead.

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Who Do You Trust? May 20, 2021

There are few honest sources of advice.

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Risk Required May 19, 2021

To invest you must take risk.

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Home Buying Frenzy May 18, 2021

Rising real estate prices bring hidden dangers.

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If Inflation Returns... May 17, 2021

...how should you be investing?

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Faulty Financial Feelings May 14, 2021

Reacting emotionally to events can destroy your future.

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Picking the Right Funds May 13, 2021

How can you find the best mutual funds or ETFs?

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Retiring Early? May 12, 2021

Before your F.I.R.E. know the dangers.

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Supporting Adult Kids May 11, 2021

How much help should you provide to grown children?

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Following the Crazy Crowd May 10, 2021

Are we witnessing another overly exuberant market.

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Financial Fee Fury May 08, 2021

Another QQRR: Are fee-only advisor fees unfair?

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Another Q&A Friday May 07, 2021

The questions keep piling up so it's answer time.

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Is 60/40 Dead Yet? May 06, 2021

Another "expert" declares the balanced portfolio obsolete.

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Sell in May? Go Away. May 05, 2021

Is there any substance to the old Wall Street adage?

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The Realities of Berkshire Hathaway May 04, 2021

Warren Buffett is both better and worse.

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Retiring Early? Why? May 03, 2021

Planning to retire early post pandemic.

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Trampled by YouTube May 02, 2021

Talking Real Money is banned from YouTube.

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Best Way to Balance Portfolio May 01, 2021

Does it make sense to change portfolio balance more often?

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NEW: Tom, Don, and Paul Apr 30, 2021

Crypto has been hot. Will it soon not?

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Disciplined Buying and Selling Apr 29, 2021

There's only one way to buy and sell properly.

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Hottest Consumer Scam Apr 27, 2021

Romance scams were huge in 2020.

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Stocks Hot. Now What? Apr 26, 2021

What should investors do now?

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Why Not Berkshire? Apr 24, 2021

Is Berkshire Hathaway better than an index fund?

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A Big Day for Q&A Apr 23, 2021

We have so many questions to answer.

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Be an Imperturable Investor Apr 22, 2021

Ignore those things you can't control.

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More Than Just Investing Apr 21, 2021

Saving money can be as good as making it.

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Just Making It Worse Apr 20, 2021

Stop reacting to what HAS happened.

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Investing Your Conscience Apr 19, 2021

Is Wall Street using ESG investing to raise prices.

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QQRR: Need a Bigger Umbrella? Apr 17, 2021

As your assets increase should you increase your coverage?

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A New Way to Q&A Apr 16, 2021

We need to start catching up on questions.

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What To Expect Apr 15, 2021

What returns might the stock markets provide in the future?

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Beware of Affinity Scams Apr 14, 2021

Financial advisors who hurt the ones they love.

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Too Much Cash? Apr 13, 2021

There is a lot of cash sitting around doing nothing.

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Touting Big Numbers Apr 12, 2021

The calendar helps mutual funds show huge one-year gains.

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The Next Market Adventure? Apr 09, 2021

You get to choose what the market will do in the future.

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Stop the Financial Lies Apr 08, 2021

They think they need to lie to make a living.

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Free Steak Dinners are Back Apr 07, 2021

We must be getting back to normal as the EIA salespoeople are back.

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Is Investing Like Pickleball? Apr 06, 2021

Financial writers stretch for an investing analogy.

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Not Getting Rich Quick? Apr 05, 2021

Do you need to try harder to make money.

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Hedge Funds Are Illogical Apr 02, 2021

High fees and market beating don't go together.

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Enough Money for Life? Apr 01, 2021

Don't run out of money before you run out of life.

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Homes Don't Grow Mar 31, 2021

Homes haven't been the best investment.

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Income from Dividend Stocks? Mar 30, 2021

Are dividend paying stocks a decent bond alternative?

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Any Idiot Could Make Money Mar 29, 2021

Making money in stocks doesn't make you smart.

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Fools, Damned Fools, and Motley Fools Mar 26, 2021

Taking financial headline obfuscation to a new level.

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It's Not in the Stars Mar 25, 2021

Morningstar stars are not predictive.

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The World Didn't End Mar 24, 2021

One year ago we were scared.

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Annuity Income Illusions Mar 23, 2021

Immediate annuities actual return is far less than they say.

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Stimulus Suggestions Mar 22, 2021

Better ways to use your stimulus check.

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Expecting the Same Result Mar 19, 2021

We tend to forget most distant past lessons.

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Don't Try This At Home Mar 18, 2021

If the fund managers can't win, why should you?

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Most Advice is Bad Mar 17, 2021

Most of the direction given by the financial industry is terrible.

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Bonds Stink! Mar 16, 2021

You claim to listen to us, but are your hearing us?

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The Value of Diversification Mar 15, 2021

After years of underperformance, value soars.

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Make Money Mechanically Mar 12, 2021

Start making regular investments with no fees and no minimum.

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Stay Away from SPACs Mar 11, 2021

SPACs are worse than IPOs.

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Retirement Planning Mistakes Mar 10, 2021

We tend to overestimate our planning abilities

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The Search for a Fiduciary Mar 09, 2021

Good advice is hard to find.

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ARK Fund Floudering Mar 08, 2021

The country's hottest ETF cools way down.

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Scam Review Scam Mar 05, 2021

You can't trust online reviews.

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All-Time Highs Again? Mar 04, 2021

The stock market is supposed to hit new highs, over and over again.

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Cash No Longer King? Mar 03, 2021

Lots of cash laying around doing nothing.

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Privileged People Portfolios? Mar 02, 2021

Special investments for special people?

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Bond Yields Also Rise Mar 01, 2021

No need to panic over interest rates rising.

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Silly Investing List Feb 26, 2021

Many of these ten habits of investors make no sense.

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Finally, Commission Skeptics Feb 25, 2021

The financial advice industry needs to keep evolving.

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The Demise of 60/40 Feb 24, 2021

Is traditional balanced investing dead?

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New Investor Truths Feb 23, 2021

Real investing is serious business.

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Clear as Mud "Investments" Feb 22, 2021

Almost every expert dislikes opaque indexed annuities.

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Meet RetireMeet Feb 19, 2021

RetireMeet preview and primer.

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Women Better, More Timid Feb 18, 2021

Women are less likely to invest in stocks.

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Roaring Kitty Bites Feb 18, 2021

Was the GameStop explosion (and implosion) market manipulation?

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Investing Backward Feb 16, 2021

You keep asking the wrong questions.

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Don't Feed Permabears Feb 15, 2021

Wouldn't it be smarter to be a permabull?

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More Money Cheating Feb 12, 2021

More spouses cheat with money.

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Annuities in Retirement Feb 11, 2021

Do annuities make sense as a safe income source?

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Income Hunters Feb 10, 2021

Everybody wants a safe, simple income generator.

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Diamond or Paper Hands? Feb 09, 2021

Stock traders live in a strange world.

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Inflation Ahead? Feb 08, 2021

Is inflation about to rear its ugly head?

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Tax Time Again Feb 05, 2021

Don't let taxes mess you up.

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Investing Is Dull Feb 03, 2021

Investing shouldn't be exciting.

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Disadvantages of Trading Feb 02, 2021

Trading stocks is even more foolish than we thought.

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GameStop and Grape-Nuts Feb 01, 2021

Plus, we talk millions with Paul Merriman.

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Stupid Stock Speculators Jan 29, 2021

Stop the GameStop Insanity!

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Trolling for Dolllars Jan 28, 2021

Shorts get squeezed by Internet trolls.

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Totally Debt Free? Jan 27, 2021

Should you pay off your home mortgage, too?

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Stocks and Bonds Defined Jan 26, 2021

Back to the basics of investing.

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You'll Never Be Buffett Jan 25, 2021

Do real investors need a support group?

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Investing In Troubled Times Jan 23, 2021

Is it time to give up on the US?

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It's Business, Not Personal Jan 22, 2021

Avoid family and friend "financial advisors."

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Last Year's Hottest Fund Jan 21, 2021

What made this ETF so hot last year?

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Looking for Sure Things Jan 20, 2021

Making money requires uncertainty.

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ETF: Exciting Thematic Fund? Jan 19, 2021

Should you be investing in story funds?

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Ready to Retire? Jan 18, 2021

These questions will help you find out.

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Seeking More Women Jan 17, 2021

A broker wants more female investors.

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Best Funds in the Future? Jan 15, 2021

Nobody has a method for predicting what will do well tomorrow.

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Battling Bitcoin BS Jan 14, 2021

There are so many things wrong with cryptocurrencies.

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From Best to Worst? Jan 13, 2021

What's hot one year could be ice cold the next.

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Stock Market's Next Stop? Jan 12, 2021

After stocks posted a surprisingly good year, where now?

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Trading is for Losers Jan 11, 2021

Online Trading Academy gets spanked by the FTC.

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Market Bubbling Over? Jan 08, 2021

Are stocks about to pop?

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Money (and Life) Lessons Jan 07, 2021

Some simple ideas that could improve your financial life.

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Bye, Bye Bad Funds Jan 06, 2021

Weeding our Wall Street's bad ideas.

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It's Never Your Fault Jan 05, 2021

Who to blame when the market doesn't act as expected.

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Beware of 14.5% Bonds Jan 04, 2021

The stretch for high yields grows scary.

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New Year's Tips Jan 01, 2021

A new year brings new opportunities.

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Lessons Learned Dec 31, 2020

Fixing mistakes made in 2020.

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Your Money AND Your Life Dec 30, 2020

Money is merely the means to an end.

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Bitcoin is Gambling, Period Dec 29, 2020

Putting money into cryptocurrencies is NOT investing.

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Investing is Personal Dec 28, 2020

Plus, the markets are totally unpredicatable.

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Holiday Money Wishes Dec 24, 2020

Why can't financial "advisors" be more principled?

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Give a Future Dec 23, 2020

A gift that very truly does keep on giving.

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Bad Robin Hood? Dec 22, 2020

Robin Hood get in more hot water.

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Tesla Dominates S&P 500 Dec 21, 2020

How a few stocks overpower "the market."

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Problem Free Solution Dec 18, 2020

Wall Streeet loves making new stuff.

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Get Poor Quick Dec 17, 2020

Few will ever get rich quickly.

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Financial Life Decisions Dec 16, 2020

Financial planning for life's changes

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Myopic Money Management Dec 15, 2020

Why do we invest so heavily in US stocks?

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How Much Should You Expect? Dec 14, 2020

Hard to plan without knowing the future.

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Sell or Else Dec 12, 2020

Do stockbrokers care more about you or making the sale?

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Seductive Stock Offerings Dec 11, 2020

What's hot today may cool off quickly.

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Glitters, Doesn't Grow Dec 10, 2020

Gamblers are catching the gold bug, again.

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Boomers Retiring Early Dec 09, 2020

Are you facing an earlier than expected retirement?

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Market Trading Casino Dec 08, 2020

Turning Wall Street into a video casino game.

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Tough Year to Invest Dec 07, 2020

Staying the course has proven difficult.

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Forever Investing Rules Dec 05, 2020

The rules for real investing remain the same.

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Risk and Return... Dec 04, 2020

...go together like a ship's port and stern.

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Needless Alternatives Dec 03, 2020

Is there a need for these complex, expensive funds in your portfolio?

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Futile Financial Forecasts Dec 02, 2020

We want to know what can't be known.

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High Yield Hazards Dec 01, 2020

Stretching for yield can get you in trouble.

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Unloved Sectors Rise Again Nov 30, 2020

Just when it seemed they would never recover...

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Fees Can Kill (Returns) Nov 29, 2020

When you pay more, you'll likely make less.

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Don't Buy What You Know Nov 28, 2020

Don't love your nation's stocks too much.

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Try to Die Broke? Nov 27, 2020

How to manage your post-retirement nest egg.

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The Best Time for Investors Nov 25, 2020

Today's investors have much for which to be thankful.

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Cramer Blames Kids Nov 24, 2020

Cramer looks to blame someone for the market.

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No Money Magic Nov 24, 2020

Insurance and investing don't mix.

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Safety and Timing Nov 22, 2020

We want what we can't have, perfect investing.

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Bad Advice on Bad Advice Nov 22, 2020

An article on bad investing advice gives bad investing advice.

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Small is Back on Top Nov 20, 2020

Small stocks are back in a big way.

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Give Investing, Not Gambling Nov 19, 2020

Giving stocks teaches gambling, not investing.

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Ponzi Scheme Responsibility Nov 18, 2020

It's not just the bad guys who are to blame.

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Retirement Comes First Nov 17, 2020

Investing for retirement should be your priority

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Just Right Risk Nov 16, 2020

Most investors take too much or too little risk.

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Motley Fool: You Can Win! Nov 13, 2020

Can you really beat the market with small stocks?

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Emerging Markets Spring Back Nov 13, 2020

One of the hottest sectors surprises many.

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Bye, Bye Bitcoin Billion Nov 11, 2020

Almost $1 billion in Bitcoin is now gone.

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Hard to Predict Nov 10, 2020

Predicting markets is harder than elections.

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Strange Times Nov 09, 2020

A weird ending to a wacky week.

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More Fund Choices Nov 06, 2020

There's more than just Vanguard.

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Wealth Secrets? Nov 04, 2020

There is no special way to make more money.

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Extra Income Risks Nov 03, 2020

A higher yield can hurt you later.

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Tricks, Treats, Birds, Bears, and Bucks Nov 02, 2020

Our Halloween show features wildlife.

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More Income, More Risk Oct 31, 2020

Be careful when stretching for yield.

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Literal Wealth Killers Oct 30, 2020

People will kill for your money.

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Crash in October? Oct 29, 2020

If a fall stock market decline typical?

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Robbin' Robots Oct 28, 2020

Today's phone scams don't require humans.

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Brokers and Income Don't Mix Oct 27, 2020

Commssions and fees eat up return

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Day Trading Grandparents Oct 26, 2020

When everybody's doing it, watch out.

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SPACs Are Back Oct 25, 2020

Investing in what? You don't know.

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Safe High Yielding REITs? Oct 24, 2020

You can't possibly have it all.

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Don't Go Changing Oct 23, 2020

Heading off in a new direction?

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Death of the 4% Rule? Oct 22, 2020

Ways to create retirement income.

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Political Investing Oct 21, 2020

What effect do elections have on equities?

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What Should I Do Today? Oct 20, 2020

Investing advice for the now.

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Is 60/40 Dead? Oct 19, 2020

Is the tried and true balanced portfolio obsolete?

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Finding Financial Help Oct 18, 2020

Good investing help can be elusive.

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Proper Portfolio Plan Oct 17, 2020

Determining your stock bond balance.

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French Friday: Your Perfect Portfolio Oct 16, 2020

Build your portfolio the right way

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How Low Can They Go? Oct 15, 2020

Can investing costs fall much farther?

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Not Investments Oct 14, 2020

Only a few things are actual investments

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So Many Calls Oct 13, 2020

We take lots of questions.

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Facing Financial Future Fears Oct 12, 2020

Should you fear the election/Covid/economy/uncertainty?

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Third Quarter Recap Oct 11, 2020

Tom looks back at the recent markets.

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Just Say No IPO Oct 10, 2020

The risks of initial public offerings.

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French Friday: Allocating Assets Oct 09, 2020

How do you build the right portfolio?

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No Need to Overpay Oct 08, 2020

Social responsibility doesn't need to be expensive.

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The Market Hasn't Changed Oct 07, 2020

Investing is too simple to change dramatically.

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Today's Hottest Stocks Oct 06, 2020

Have vaccine stocks gotten ahead of reality?

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Are You Financially Literate? Oct 05, 2020

Take our easy three question test.

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Embrace International Investing Oct 04, 2020

There's a whole world of opportunity out there.

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You Suze, You Lose Oct 03, 2020

The bad advice continues.

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French Friday: Managing Risk Oct 02, 2020

Defining and managing risk.

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Eat Free With Pitch Oct 01, 2020

Indexed annuity salespoeople are hungry.

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Whole Life. Rebranded. Sep 30, 2020

Life insurance by any other name is still...

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Indexed Annuity Lies Sep 29, 2020

EIAs: High return, no risk? No way!

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Elections Haven't Hurt Stocks Sep 28, 2020

Presidential elections have had no impact.

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Taking Social Security Sep 27, 2020

It pays to wait.

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Don't Stash Cash Sep 26, 2020

Cash is almost trash.

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French Friday: Market Timing Sep 25, 2020

Why you'd be foolish to market time.

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Real Investing Scientists Sep 24, 2020

Financial facts with Fama and French

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Investing Can Be Simple Sep 23, 2020

Some simple rules for investing success.

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Passive Investing LIves On Sep 22, 2020

Active money management makes no sense.

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Ticked Off Traders Sep 21, 2020

Our beliefs don't sit well with some.

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Talking Real... Estate Sep 20, 2020

Has real estate beaten stocks?

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Big Money Mistakes Sep 19, 2020

There are some things we often fail to do.

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It's Not the Economy Sep 18, 2020

The stock market doesn't reflect today.

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Mental Money Melee Sep 17, 2020

Our emotions can overwhelm logic.

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Investing Illusions Sep 16, 2020

Most of what you know is wrong.

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Compare Better Sep 15, 2020

Compare Better

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A Day fror Q and A Sep 11, 2020

The questions have been pouring in.

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Your Money and Your Kids Sep 10, 2020

Do your children need your money?

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Bored and Gambling Sep 09, 2020

Being bored begets bad behavior.

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Hot Stocks Stumble Sep 08, 2020

After soaring for months stock take a tumble.

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Stock Market Overpriced? Sep 04, 2020

Depends on what you call "the market."

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Latest Not Always Greatest Sep 03, 2020

There is a reason why old ways linger: They work.

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Stocks In Pieces Sep 02, 2020

Stock splits add no value.

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Invest Like Buffett? Sep 01, 2020

Has the "Oracle" lost his touch?

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Crypto Cons Keep Coming Aug 28, 2020

Virtual currency causes vanishing wealth.

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Stick With Your Plan Aug 27, 2020

There is a reason for disciplined investing.

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Mother Knows Best Aug 26, 2020

Life lessons from Tom's mom.

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Gambling with Options Aug 25, 2020

Playing options is NOT investing!

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Buyin' As They're Risin' Aug 24, 2020

Only buy the stocks that go up?

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High Fees Suck Big Bucks Aug 21, 2020

Fees affect returns and risk.

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Fear + Greed = NASDAQ Aug 20, 2020

Want a truly scary portfolio?

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Free Isn't Free Aug 19, 2020

Free trading still costs you.

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Smarter than the Market? Aug 18, 2020

You know more than millions of investors?

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Money Myth Busting Aug 17, 2020

Science takes down traditional advice.

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We Don't Have a Clue Aug 14, 2020

Nobody can predict the future.

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Complexity Not Needed Aug 13, 2020

Investing doesn't need to be complicated.

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Not Very Diversified Aug 12, 2020

The S&P 500 is not the market.

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It's Crypto, Not Currency Aug 11, 2020

Cryptocurrencies fail miserably as a means of exchange.

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Confusing Gambling With Investing Aug 10, 2020

Again, stock traders fail to get rich quickly

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Is Gold Overvalued? Aug 07, 2020

A new paper shows that gold may be overpriced.

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What Good Are Bonds? Aug 06, 2020

Bonds should reduce volatility.

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Shilling Wrong More Than Right Aug 05, 2020

Why do we keep listening to bad market gurus?

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No Annuities in Retirement Plans Aug 04, 2020

VALIC (AIG) gets caught tricking teachers.

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Economic Exaggeration Aug 03, 2020

The media needs to make the news sound worse.

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Markets Know Best Jul 31, 2020

The wisdom of the crowd or your feelings?

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Markets Anticipate Economic Activity Jul 30, 2020

Stocks rarely react to expected news.

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Tax Deferral Not Worth It Jul 29, 2020

Fees today and more taxes later.

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Buying Gold is Not Investing Jul 28, 2020

Gold has never grown more valuable.

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The Hazards of Trading Jul 27, 2020

Day traders lose 90% of the time.

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Don Disagrees with Dave, Again Jul 24, 2020

Should you pay off your mortgage?

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Ignore Insular Investing Jul 23, 2020

Invest internationally, too.

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Catching Up on Questions Jul 22, 2020

An all listener question episode.

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The Calls Keep Coming Jul 21, 2020

This episode is entirely caller driven.

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Bubbles Always Burst Jul 20, 2020

Buying what's hot has always been dangerous.

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Know What You're Paying Jul 16, 2020

What do you pay for financial advice?

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Gold Rarely Glitters for Investors Jul 14, 2020

Precious metals are pretty (but) bad investments

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Stansberry's Newsletter Mystery Jul 13, 2020

The real unsolved mystery: Why do people subscribe?

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Robin Hood in Reverse Jul 09, 2020

Taking from the poor dumb traders and giving to Wall Street

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Pricey Volatility Protection Jul 08, 2020

Market neutral funds are complicated and expensive.

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Real Still Beats Robo Jul 07, 2020

Investors would rather work with people.

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Annuities: Good for Anybody? Jul 06, 2020

Are annuities generally good investments?

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It's Been a Strange Three Months Jul 02, 2020

The market's have provided a lot of surprises.

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Investing or SPACulation? Jul 01, 2020

These are more dangerous than IPOs.

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Pay You Now or Over Time Jun 30, 2020

Retire early with lump sum or annuity?

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The Smart Money Stayed Jun 29, 2020

While many bailed, index investors remained.

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High Fees Suck You Dry Jun 26, 2020

High fees and expenses are hard to justify.

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They Shouldn't Be Certified Anymore Jun 25, 2020

All CFPs are not acting as fiduciaries

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Absolutes Aren't Absolutely Right Jun 25, 2020

Advice can never be black and white.

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Fees Harming Hedge Funds Jun 25, 2020

You pay more than your get back.

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Retirees Making Bad Choices Jun 22, 2020

Black and white investing is dangerous.

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Insurance Investments Aren't Guaranteed Jun 19, 2020

The insurance industry facing a new high-yield disaster.

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Target Date Funds Compared Jun 18, 2020

The truth about target-date funds.

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Real Estate Investing Reality Jun 17, 2020

Owning property can be perilous.

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Hard Not to Look Jun 16, 2020

It's tough to avoid looking at the stock market.

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Another Fool Rushes In Jun 12, 2020

There's a difference between luck and skill.

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Trying Treacherous Trading Jun 11, 2020

Short-term stock trading will burn you.

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It's Not investing, it's Gambling Jun 10, 2020

Stop playing with risky stocks.

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Take the Lump Sum or Pension? Jun 09, 2020

The last Civil War pensioner couldn't choose.

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Just a Bad Dream? Jun 08, 2020

Did a bear market really happen?

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What Bear Market? Jun 06, 2020

Stocks have almost recovered to pre-2020 levels.

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Your Funds in Flight Jun 05, 2020

Focusing on a single sector can cause a crash.

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A Sure Seven Percent? Jun 03, 2020

Can an investment actually deliver a certain 7% annual return?

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Good Advice is Hard to Find. Jun 02, 2020

Most financial advisors are not on your side.

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Climbing Up the Worry Wall Jun 01, 2020

The market tends to ignore expected events.

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A Very Greedy Advisor May 29, 2020

And they call themselves a fiduciary.

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Best Interest Annuities? May 28, 2020

Can you be a fiduciary and sell annuities?

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The Hazards of Illiquidity May 27, 2020

Avoid investments that don't trade regularly.

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From AAA to Bankruptcy May 26, 2020

It didn't take long for Hertz bonds to plunge.

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The Future Can Never Be Known May 22, 2020

We desperately want the one thing we can never have.

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A Famous Money Villain May 21, 2020

Rich Dad could make you poorer.

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The Market Also Rises May 20, 2020

What's up with stock prices? Literally.

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Skip the Losers, Buy the Winners. May 19, 2020

Why would anyone want a portfolio filled with losers?

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Why So Many Lies? May 18, 2020

Much of the financial industry thrives on lies.

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Avoid Magical Thinking May 15, 2020

We must face the financial facts.

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Pensions Performing Poorly May 14, 2020

Why do pensions consistently underperform?

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"Rich Guys" are Manipulating Money Media May 13, 2020

Billionaire money managers should disclose positions.

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One of the Worst Investments, EVER May 12, 2020

This investment vehicle is so bad...

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Managing Money After Covid-19 May 11, 2020

What you should be doing with your dough now.

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From a Bear to a Blip May 08, 2020

The stock market seems to be doing much better.

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They Claim to Know What They Can't May 07, 2020

So many people are are lying to get your money.

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Free Isn't Always a Good Deal May 06, 2020

There is usually a reason they're giving it away.

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Buffett Bleeds Billions of Bucks May 05, 2020

Warren Buffett loses tens of billions in market decline.

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Why Another Great Depression is Unlikely May 05, 2020

Economically, it really is different this time.

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More Annuity Sales Lies May 01, 2020

Few would buy annuities without the lies.

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Staying Safe Can Cost You Apr 30, 2020

Safe investments can be very expensive

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Investment Club or Gambling Party? Apr 29, 2020

Investing clubs teach speculating.

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Crisis Financial Repair Apr 29, 2020

Ideas for improving your financial situation now.

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Professional Advice is Never Truly Impartial Apr 24, 2020

You need to know who is paying the experts.

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Windfall Investing Rules Apr 23, 2020

What are the steps for investing unexpected money?

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The End of the World as We Knew It? Apr 22, 2020

Now it's time to get ready for whatever follows the curent weirdness.

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Get $35,000 plus a 42,000 Barrel of Oil Bonus Apr 20, 2020

Why would someone pay you to take oil off their hands?

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The Stock Market Almost Feels Normal Apr 17, 2020

Stock markets anticipate the future.

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Fees, Glorious Fees Apr 16, 2020

Is there a best way to charge for wealth management?

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Active Management is Still Wrong Apr 15, 2020

We mistakenly believe that the future can be predicted.

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Financial Products You Don't Need Apr 14, 2020

Wall Street makes a lot of investment you should avoid.

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You're Looking for the Wrong Advice Apr 13, 2020

The advice you think you want is usually wrong.

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They're Not Smarter Than the Market? Apr 10, 2020

The "experts" hate to admit that they can't predict the future.

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Getting a Bum Rap in Bear Markets Apr 09, 2020

They're vilifying target-date funds, again

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Market Returns? No Risk? No Way! Apr 08, 2020

The bald-face lies of insurance salespeople.

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Your Money: It Was There, Then It Was Gone. Apr 07, 2020

Avoid making bad financial decisions.

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Dumb and Dumber Investing Advice Apr 06, 2020

Kyosaki and Dent alone are bad enough.

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Worse Than a Stopped Clock Apr 03, 2020

Expert financial advice that has rarely been right.

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How Does Today Compare With the Past? Apr 02, 2020

Is the current situation similar to The Great Depression?

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Can a Squiggly Line Help Predict the Future? Apr 01, 2020

Do the markets follow predictable patterns?

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Too Complex, Too Illiquid, Too Expensive Mar 31, 2020

and potentially far too dangerous

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The Future Tends to Look Like the Past Mar 30, 2020

We were saying the same things 12 years ago.

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It Was Bound to Go Down Again Mar 27, 2020

After a few positive days, stocks fell again.

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Investors Postcards from the Edge Mar 27, 2020

How to deal with an unknown financial future.

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Insurance Companies Ripping Off Teachers Mar 25, 2020

Salespeople taking advantage of educators and health workers.

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A Fiduciary in Name Only Mar 24, 2020

Don't be fooled by brokers in fiduciary clothing.

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Know When to Hold 'Em Mar 24, 2020

Know when to rebalance 'em.

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So, How Low Can it Go? Mar 23, 2020

There is a limit to how far stock prices can fall.

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Normalcy Will Eventually Return... Mar 20, 2020

...and just when you least expect it.

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Crises Come and Go, While the Economy Endures. Mar 19, 2020

You can count on the economy recovering.

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Stay Away from Single Stocks Mar 18, 2020

Buying individual stocks can be scary.

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Emotions That Lead Us Astray Mar 18, 2020

Fear and greed are our worst enemies

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What Should I Be Doing Now? Mar 17, 2020

The crazy markets and how to cope with them.

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Black Swans: Rare But Not Unheard Of Mar 16, 2020

Times like these are the price we pay for higher returns over time.

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Market Changes Can Make Your Head Spin Mar 13, 2020

Change is normal and should be expected.

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Stocks Succumb to Virus Scare Mar 12, 2020

The stock market hates what it doesn't understand.

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Buy Bonds for Big, Bad Bears Mar 11, 2020

You're living the reason you need bonds.

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The Market's Circuit Breaker Tripped Mar 09, 2020

It may have kept the market from melting down.

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Which is Worse: Stocks, COVID-19, or Cars? Mar 06, 2020

Are you afraid of the virus or the stock market? Why not driving?

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This Market is a Scary Roller Coaster Mar 06, 2020

The market goes up and down and up and down and...

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Can You Trust the Stock Market? Mar 04, 2020

In the wake of Wall Street cheat's Micheal Milkin's presidential pardon and market volatility you might worry that the market is rigged against you. The fact is, sometimes it is. So what should you do. Tom has some simple advice that may save your wealth.

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I Don't Want to Talk About it Mar 03, 2020

The stock market, the Fed, and some of us are temporarily insane.

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Good Thing You Didn't Sell Last Week Mar 02, 2020

Stocks go down and they go up (usually more than they go down).

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Relax: You're Probably Not All in Stocks Feb 28, 2020

If you're not 100% in stocks you've fared better lately.

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Another Day, Another Decline: Are We Done Yet? Feb 27, 2020

Could this be as bad as the last decline? No, not 2008. 2018.

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Virus? President? The Economy Doesn't Care. Feb 26, 2020

But what about coronavirus or the election?

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Help! The Market's Fallen! What Do I Do? Feb 24, 2020

Keep calm and take your RisQuiz.

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They'll Tell You Anything to Make a Sale Feb 20, 2020

The lies told to sell financial products.

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No Security in the Secure Act Feb 20, 2020

What the SECURE Act means to you.

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Retirement Home: Buy or Rent? Feb 14, 2020

Is it better to own your retirement home?

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Most People are Really Bad Investors Feb 13, 2020

Face it. You're investing badly.

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Every Journey Requires a Plan Feb 12, 2020

You need a plan for your future.

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How to Turn a Settlement in an Investment Feb 12, 2020

Taking the first step toward a better future.

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Take a Little Now or Possibly More Later Feb 10, 2020

Is a tax-deduction today better than tax-free growth?

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Tom's Recipe for Cooking Up a Better Portfolio Feb 07, 2020

Is your portfolio made with the proper ingredients?

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It's Easier to Eliminate Bad Investments Feb 06, 2020

Picking the right investments is hard. Start by skipping the bad ones.

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Fear of Crash Leads to Income Dash Feb 06, 2020

As stocks fall, many flee to dangerous high-yield mutual funds.

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There will always be ways to cheat the system. Jan 31, 2020

There is no perfect compensation system for professional advice.

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Lessons from Tom's Dad Jan 30, 2020

Tom shares memories of his father

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Fee-Only Advisors Not Helping Small Investors? Jan 29, 2020

The arguments for and against advisors who charge asset-based fees.

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What Can You Expect in the Future? Jan 27, 2020

How can you reasonably guess what you might make?

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Before You Invest: Know Your Number Jan 23, 2020

In this short episode, Tom shares a better way to express you risk tolerance.

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You Can't Do Anything, So Stop Worrying Jan 23, 2020

Volatility is inevitable and unpredictable, so invest as if you have no control.

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Those Extra Fees Add Up and Hurt You Jan 21, 2020

One percent here and one percent there and pretty soon you're talking real money.

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Podcast of Legends: Merriman and Marshawn Jan 17, 2020

Don is joined by financial and football stars.

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China: From Hot to Not Jan 17, 2020

Don't try to pick the next hot market.

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Your Biggest Investing Questions Jan 16, 2020

Some of the most popular questions asked of financial advisors.

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Expensive, Illiquid, Opaque, and Unnecessary Jan 15, 2020

There is no reason for anyone to own non-public REITs.

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Stop Overthinking Investing Jan 15, 2020

You can't know anything about the future.

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Roth Your Way to Wealth Jan 13, 2020

Tax-free should typically beat tax-deferred.

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Global Real Investing Advice Jan 09, 2020

Helping everyone manage money better.

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Stocks Have Been Down for 30 Years Jan 08, 2020

What would a 30-year bear market do to your portfolio?

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Owning Individual Stocks is Still a Bad Idea Jan 07, 2020

Despite the occasional anecdotal success, owning individual stocks is still gambling.

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The Best Ways to Put it In and Take it Out Jan 07, 2020

There are differences between accumulation and withdrawal.

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Few More Wrong than Prechter the Predictor Jan 03, 2020

Make better market predictions by flipping a coin.

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Stocks: More Like Gambling Than Investing Jan 02, 2020

If you can easily lose everything it's gambling.

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Make Better Resolutions in 2020 Dec 31, 2019

Resolve to build a better future.

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A Scary and Expensive Alternative Investment Dec 31, 2019

Could consumer loans be the next collateralized debt crisis?

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The Ultimate Buy & Hold Fund Dec 23, 2019

What if a mutual fund never traded its portfolio?

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Money Even Corrupts Those Who Claim to Care Dec 20, 2019

That guy on the radio and even your union may be ripping you off.

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Stop expecting a bunch of experts to know the unknowable. Dec 19, 2019

Surprise! Economists failed to predict the future, again.

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Social Security Already Has Your Number Dec 19, 2019

No one is ever going to call and tell you you're being arrested.

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Don't invest in alphabetical order. Dec 17, 2019

Don't pick the funds at the top of the lists.

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Why do you keep wasting your money? Dec 16, 2019

Lotteries are for losers. Literally!

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Love of stocks is the root of many losses Dec 13, 2019

Love your spouse, country, or pets, just don't love your stocks.

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The Only Way to Consistently Buy Low and Sell High Dec 12, 2019

You can't time the market, but a disciplined plan can help you buy and sell.

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If the told you the truth you wouldn't buy their stuff. Dec 11, 2019

The incredible lengths to which they will go to sell "investments."

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Ongoing Financial Guidance is Good for You Dec 10, 2019

Most investors need regular hand holding.

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Q&A: Income desperation leads to high risks Dec 06, 2019

Don't go crazy reaching for yield.

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Holiday gifts even a Scrooge would love. Dec 05, 2019

It's hard to say "humbug" to a brighter future.

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Don't let financial fiends feast on your funds. Dec 05, 2019

Beware of the sharks wanting to take a bite of your wealth.

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The future isn't foreseeable. Maybe foreguessable. Dec 03, 2019

The future's not ours to see. Even financially.

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Cryptocurrencies: Useless or Crooked? Dec 02, 2019

Cryptocurrencies are making a few rich at your expense.

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Happy Thanksgiving: A Shortcut to Charity. Nov 27, 2019

How to give your RMD directly to charity.

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Are Commodities Real Investments? Nov 26, 2019

Can stuff actually grow larger?

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The Future Will Always Be Unknowable Nov 25, 2019

You may want to, but can't know the financial future.

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Is human advice becoming obsolete? Nov 21, 2019

Real or robo advice? That is the question.

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Retirement's Biggest Challenge: Lifelong Income Nov 20, 2019

Avoid running out of moeny before you run out of life.

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Market beating performance at a high cost. Nov 19, 2019

While a few may win big, you probably won't.

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Using Omission and Obfuscation to Make a Sale Nov 18, 2019

The whole truth behind a financial product pitch.

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Companies Collapse, Economies Endure Nov 15, 2019

You can lose money in stocks, but not likely in stock markets.

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Cracking down on the sale of liar load funds Nov 14, 2019

Most investments are sold and sold pretty badly.

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Looking Forward to Aerobics, Polka, and Bingo? Nov 13, 2019

Here's one baby boomer who won't be looking for a "typical" retirement.

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Life and Investing Lessons from Gert Boyle Nov 12, 2019

A memorial lesson from a very special business woman.

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Deferring Pay, Selling a House, and Investing in Small Cap Nov 07, 2019

The phones were very busy at 855-935-TALK.

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A Hedge Fund by Another Other Name... Nov 06, 2019

...is still an overpriced, underperforming, risky invesment.

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Crypto Corruption - Manipulating BitCoin Nov 05, 2019

Cryptocurrencies are far too dangerous for mere mortals

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How to avoid capital gains tax on your home. Oct 31, 2019

You can still avoid paying taxes on the sale of your primary residence.

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Why the Crash of 1929 should no longer haunt us. Oct 30, 2019

Why a systemic, long-lived stock crash is unlikely.

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The harder they're sold, the worse the investment. Oct 28, 2019

How does a hot, managed fund compare with a boring index product?

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Thirty stocks do not a market make. Oct 25, 2019

The Dow Jones is a bad proxy for the market.

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One of the strangest investment ideas ever. Oct 25, 2019

Put ham and cheese in a sandwich, not a portfolio.

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Repos, Zeros, and Pounds, Oh My! Oct 23, 2019

Fed repos, zero fund fees, and UK investing.

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Taking the wealth that the economy has given. Oct 22, 2019

Indexing has worked because economies have grown.

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The biggest advisor loses more than his mind. Oct 17, 2019

Ken Fisher's faux pas may cost him a fortune.

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Popular financial books. Bad Investing advice. Oct 16, 2019

Some of the best-read money books are investing disasters.

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BONUS EPISODE: Stop Buying Stocks! Oct 11, 2019

Why you should never own individual stocks in your portfolio.

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Vanguard measures the emotional value of an advisor. Oct 11, 2019

It appears that the value of a 100% fiduciary advisor runs deep.

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How did you feel in 2008? Oct 08, 2019

Were you feeling good about stocks as 2008 was ending?

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Using your home equity to invest Oct 03, 2019

Does it make sense to take cash from your home?

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Is the stock market a form of gambling? Oct 03, 2019

Comparing stock market investing to gambling is misleading.

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A quick lesson on the equity market. Oct 03, 2019

What happens when short-term bonds yield more than long-term?

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Does it make sense to harvest your gains? Oct 02, 2019

Plus, how rich are you compared with the rest of the world?

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Taking stock of stocks: A Primer Sep 28, 2019

A quick lesson on the equity market.

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There's a Lot of Bad Advice Out There Sep 13, 2019

It's almost impossible to find an advisor who always does what's best... for you!

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Another annuity pitching charlatan exposed Sep 12, 2019

The feeble reality of the so-called “Super Annuity.”

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Laddering Your Way to Steady Income Sep 11, 2019

Can a CD ladder be a decent alternative to a bond fund?

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VTWAX, E-Bonds, and an Expired Advisor Sep 10, 2019

The question catch up continues.

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One angry listener and a batch of Bobs. Sep 09, 2019

We get called on the carpet for slagging "advisors."

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Hurricanes, Stock Markets, and the Media Sep 08, 2019

The emotional similarities between weather and market coverage

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Risk always exists, so be prepared for it. Aug 29, 2019

There is no such thing as wealth without risk.

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Can advisors do what's best for you and them? Aug 29, 2019

The illogic of dual-registered financial advisors.

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The best ways to start building wealth early. Aug 22, 2019

Getting started investing is easier than ever before.

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If it sounds too good to be true, what is it? Aug 22, 2019

It's usually too good to be true (in other words, a lie).

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Finding your way to a financial future. Aug 08, 2019

Multiple factors combine to threaten your retirement.

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Most of us really are lousy investors. Aug 08, 2019

Average investors have failed miserably over the past 30 years.

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In case of emergency, you need money. Aug 02, 2019

What will you do if a financial disaster occurs?

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There is no such thing as safe investing. Jul 31, 2019

To make money on your money, you must take risk.

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Are you sure you'll never retire? Jul 25, 2019

Working until you die is a bad retirement strategy.

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What's the best retirement income strategy? Jul 25, 2019

Withdrawal strategies, the purpose of bonds, IRA conversions

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Moneyjauna and more Jul 17, 2019

A POTpourri of interesting money questions

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Your Summer Money with Nerdwallet Jul 16, 2019

Some sound summer money advice from Tom and Nerdwallet

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Good help is really hard to find Jul 12, 2019

When most advisors are bad finding a good one is tough.

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How to write the script for your third act. Jul 10, 2019

Ending your life's story on a high note.

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The folly of seeking the "next big thing" Jul 10, 2019

...and other dumb mistakes investors make.

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Shrinking Social Security and Booming Bitcoin Jul 04, 2019

Will Social Security benefits be reduced in the future?

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Stocks have been very, very good to you lately. Jul 03, 2019

2019 has been one of the best years for stock investors.

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We can do this the easy way or the hard way... Jun 28, 2019

...both will probably get you to the same place.

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No one predicted a great June for stocks. Jun 28, 2019

After a gloomy May, who would have imagined a booming June.

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Failing to protect investors yet again. Jun 28, 2019

The SEC continues to allow brokers and insurance salesman to lie for your money.

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So answer me these questions three. Jun 28, 2019

A call on two-funds, double house payments, and advisor interviews

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Must everyone believe what you do? Jun 22, 2019

When did we stop listening to those with whom we disagree?

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Are gold coins better than bullion? Jun 20, 2019

Is all gold a bad investment and taxing trusts

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Some simple steps to protect your wealth. Jun 19, 2019

The Consumerman shares tips to protect yourself online.

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The value of fatherly financial advice Jun 18, 2019

How fathers can help their children become financially savvy.

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What's the best way to pay for long-term care? Jun 14, 2019

What are the pros and cons of buying long-term care insurance?

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Still not acting in your best interests. Jun 13, 2019

The SEC, once again, fails to rein in greedy, opaque financial "advisors."

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Are you on course for a great retirement? Jun 06, 2019

A secure and enjoyable future requires a plan.

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The tough task of picking the best advisor. Jun 05, 2019

How do you separate good advisors from the plethora of bad ones?

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Be very wary of most financial advisors Jun 04, 2019

The majority of financial advice providers aren't always looking out for you.

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What is going on with this crazy market? Jun 02, 2019

We don't usually talk about "the market," but today we make an exception.

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Too many are saving far too little. Jun 02, 2019

Everyone needs to be saving and investing for retirement.

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The "Iron Condor" and other foolish "investments." May 29, 2019

More truly bad ideas from the folks on Wall Street.

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Reaching too far for higher yields. May 28, 2019

Investors are ignoring risk for higher income.

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All things being equal is better? May 24, 2019

Market-cap weighted versus equally weighted index funds.

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Timing the stock market CANNOT work. May 23, 2019

There is absolutely no way to know the future.

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Invest money the same way you earn it. May 22, 2019

Dollar-cost averaging is the way you make money, too.

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The market will misbehave from time to time. May 21, 2019

Why you must invest for the long-term.

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The bigger the market, the more accurate the price May 21, 2019

Markets grow increasingly efficient with size and time.

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An easy way to get more Social Security May 16, 2019

Enjoy a fatter paycheck in retirement with one easy trick.

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Is value investing no longer a thing? May 16, 2019

What's been wrong with value stocks lately and will they come back?

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It seems the markets may have overreacted a bit. May 14, 2019

Will a trade war with China really destroy the economy?

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The next industry to be killed by the web? May 10, 2019

Are real estate agents the next group to have their jobs killed by technology?

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Terrible investing advice for grads (and everyone else). May 09, 2019

Once again, Marketwatch offers some of the worst investing advice.

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A high income always comes with high risk. May 08, 2019

Anyone who offers high income, low-risk investments is a liar.

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If you won't take risks you can't make money. May 07, 2019

One of the greatest source of investing confusion: risk.

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Beating the Stock Pickers and Product Placement Problem May 06, 2019

Which is smarter: A dart or a hedge fund manager?

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The potential perils of pursuing high yields. May 03, 2019

Just because we WANT very safe, very high income doesn't mean we can have it.

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Most "fiduciary" advisors are probably liars. May 02, 2019

In this TRM "rantisode," Don gets angry with both fake fiduciary advisors and the CFP Board.

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Debunking popular investing myths. May 01, 2019

Investing is far too easy to be so complicated.

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Stop trying to guess what the market might do. Apr 30, 2019

Just because you think something might happen doesn't mean it will.

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Working with BIG investment firms can be VERY expensive. Apr 29, 2019

The big wealth management firms both charge too much and return too little.

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The Myth of the Market Prognosticator Apr 27, 2019

No one (absolutely NO ONE) can accurately predict the future (financial or otherwise).

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Not worried about retirement? You should be. Apr 24, 2019

Both young and old are failing to save enough for retirement.

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The compounding power of patience and discipline. Apr 23, 2019

Through good times and bad, patient, steady investing has paid.

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Is Dave Ramsey getting back to basics? Apr 19, 2019

It seems that Dave Ramsey may be giving less bad investing advice.

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Most won't have nearly enough to retire comfortably. Apr 18, 2019

The majority of 401k plan participants will fall short.

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Is it good or is it too good (to be true)? Apr 17, 2019

There are good investments and then there are those that sound too good.

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Too many financial advisors will do anything for a buck. Apr 16, 2019

Doing what is best for the client takes a back seat to generating huge profits.

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Should you be "investing" in fine art? Apr 15, 2019

Does investing in art make sense?

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A Q&A Melange from Easy Portfolios to More F.I.R.E. Apr 12, 2019

Making simple investing harder and retiring really early

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Don answers the 10 Biggest Retirement Questions Apr 11, 2019

Here are the definitive answers to American's retirement questions.

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Don't make investing more complicated than needed. Apr 11, 2019

The more complex an idea sounds, the less likely it will succeed.

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If you have money questions, we'll get the answers. Apr 10, 2019

Our favorite thing to do is answer your financial questions.

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Early retirement warning: FIRE can burn you if you’re not careful Apr 09, 2019

Playing with FIRE and those "free" steak dinners.

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What you don't know about money can cost you. Apr 05, 2019

If you don't have money to burn you need a financial education.

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Stocks not scary enough? Ride the Cryptocoaster. Apr 04, 2019

Why suffer through a tiny little 50% decline, when you can lose 80% or more?

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Stop switching your investments around Apr 03, 2019

You must stay the course no matter what markets do.

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Is this a good long-term care insurance option? Apr 02, 2019

Should you consider asset-based long-term care insurance?

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Market rises while the Dow 30 plunges by near record amount Apr 01, 2019

Today marked one of the most foolish markets in history.

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The Great Passive Real Estate Investing Scam Mar 29, 2019

To make money you must work hard, get lucky, or cheat.

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When Interest Rates Turn Upside Down Mar 28, 2019

Who's afraid of an inverted yield curve?

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To invest right you must understand risk. Mar 28, 2019

Do you know how risky your investments really are and how much risk you can stand?

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There are NO special investments for special people like you. Mar 26, 2019

No matter how good an investment might sound there is always a downside.

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Stop fooling yourself: You can't possibly know the future. Mar 22, 2019

Successful investing requires that you stop guessing and stay disciplined.

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Beware of broker-sold, high-fee, 529 college savings plans Mar 21, 2019

You can save 1% or more per year in fees if you don't invest in a 529 plan through a brokerage firm,

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A disaster points out the risk of owning stock in a single company. Mar 19, 2019

Real investors diversify their portfolios and understand their tolerance for volatility.

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Crazy? We keep asking the same question expecting different results. Mar 18, 2019

Gary Shilling predicts the future as well as anyone else. Badly.

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Financial radio host is busted for running a classic Ponzi scheme. Mar 15, 2019

With so many crooked financial advice providers, who can you trust?

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How the financial media uses your greed to get you to read. Mar 14, 2019

Our greed and FOMO (fear of missing out) make us easy prey for the money media

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Stock trading is nothing but gambling with terrible odds. Mar 13, 2019

You wouldn't gamble your wealth at a casino, so why would you play the stock market?

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Why does the financial news media keep trying to scare you? Mar 12, 2019

Once again, perma-bear Marketwatch uses facts to scare investors.

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Actively managed mutual funds continue to waste investors money. Mar 11, 2019

Yet another report shows that active mutual fund managers fail to beat the market.

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Even some major insurance firms hate equity indexed annuities. Mar 08, 2019

One major insurance firm wants to steer you away from indexed annuities into...

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Could the "4% Rule" still apply if you retire early? Mar 07, 2019

As a "rule-of-thumb" the "4% Rule" has stood the test of time, but could it work for FIRE followers?

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Taxes can hit some mutual fund investors when they least expect it. Mar 06, 2019

After a losing year, why do some mutual funds pay big capital gains?

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How should you choose your next financial advice provider? Mar 05, 2019

It's not easy determining who to trust for financial and investment advice.

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What you say you want is hurting your financial future. Mar 04, 2019

There's a big difference between what we want and what we need.

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People lie! There will NEVER be high returns with no risk. Mar 01, 2019

Just because someone is on the radio doesn't mean there are high, riskless returns.

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Would you give up sex for a free college education for your kids? Feb 28, 2019

A strange way to draw attention to parents' need to save money for their children's college education..

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When it comes to investing, you must watch your back. Feb 27, 2019

Too many financial advisors will do whatever it takes to make a buck.

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It's a win-win, better investing helps reduce inflation. Feb 26, 2019

How Jack Bogle helped fight inflation with low-cost mutual funds.

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Shocking Financial Forecast: 87% of economists believe a recession will happen... someday. Feb 25, 2019

There are two types of economists: Those who don't know and those who don't know they don't know.

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Why does Wall Street keep trying to baffle you with BS? Feb 22, 2019

It's human nature to exaggerate, but some people take aggrandizement to a whole new level

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How can doctors avoid falling prey to unscrupulous financial advisors? Feb 21, 2019

Some financial advisors are like a pack of hyenas and doctors – particularly young ones – are their favorite prey.

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Don't take most of the financial news too seriously. Feb 20, 2019

The financial news media blows things out of proportion to scare you.

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A few simple steps to protect yourself from internet crime Feb 19, 2019

Cybercrime defenses and strategies for procuring the highest Social Security benefits.

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The best way to protect your money? Be skeptical. Feb 18, 2019

Beware of free meals and advice that seems too good to be true.

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SPIVA says: Index investing beats active investing yet again. Feb 14, 2019

The new SPIVA Scorecard is out and, no surprise, active managers can't win.

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Would you like a snow job with your free steak dinner? Feb 13, 2019

You won't - and shouldn't - believe the claims that were served with Don's free steak dinner.

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Vanguard's identity crisis: Passive or Active? Feb 12, 2019

Vanguard knows that active management doesn't work well, yet they keep defending it.

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Hey active fund managers: Face facts. You can't beat the market! Feb 11, 2019

Active mutual fund managers said that a bad market would show their skills. Wrong!

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Even when they seem to be winning, active funds usually lose. Feb 08, 2019

The passive versus active fund management race has been over for some time

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What could possibly be wrong with something called a "Freedom Check?" Feb 07, 2019

"Freedom Checks" another sneaky little con job from the folks at Banyan Hill Publishing

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How to make millions giving bad invsting advice with no oversight Feb 06, 2019

Slimy newsletter publishers provide some of the worst investing advice and yet can't be stopped

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Indexed annuity lies: There is no way to get high returns with low risk Feb 05, 2019

Please call us BEFORE you put money into an indexed annuity or life product.

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Learn how to build real wealth in just 19 minutes. Feb 05, 2019

Investing isn't as hard as most in the financial services industry would like you to believe.

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Stop mistaking financial luck for investing skill. Feb 04, 2019

What's the better wealth building explanation: Prescience or fortuity?

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Alternative investments have done poorly for 10 years. Feb 01, 2019

Sometimes new ideas aren't better and alternatives are often gimmicks.

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How should you plan for the possible long-term care needs in retirement? Jan 31, 2019

One of the most frightening parts of growing older is the possibility of needing long-term care and its costs.

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Annuities: How can a financial product with such small benefits be so popular? Jan 30, 2019

Someone once wisely stated, "Annuities are not bought, they're sold." Why?

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How prepared are you for living well in retirement? Jan 29, 2019

How are most Americans faring on the road to retirement?

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Millenials may have the makings of great investors. Jan 29, 2019

When the markets got rough, thirty-somethings hung tough. Some even doubled down.

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Two things Don hates because of what they do to you! Jan 28, 2019

A special hateful edition of the podcast: Find out why Don hates MLMs and EIAs

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Active mutual fund managers are about to become the dial-up phones of investing. Jan 25, 2019

"If Passive Funds Are iPhones, Active Ones Are Landlines" -Bloomberg

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Who's getting rich with hedge funds? Probably not you! Jan 24, 2019

Hedge funds are a wonderful way to get filthy, stinkin' rich. If you run one.

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Unlike stocks, cryptocurrencies have been down longer than they've been up. Jan 23, 2019

Bear market records are nothing new for Bitcoin and the rest of the crazy cryptos.

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There is no need to add technology stocks to a diversified portfolio, they're there. Jan 23, 2019

A short show with lots of callers talking technology, liquidity, rebalancing and more.

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Jack Bogle put hundreds of billions of extra dollars into Americans' pockets. Jan 22, 2019

Tom and Don take a look back at some of the best advice from Vanguard founder, Jack Bogle

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Bear markets haven't been as bad for retirees as we thought. Jan 22, 2019

Most think that retirees don't have the time to outwait a bear market, but 118 years of past results contradict that belief.

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After years of mistakes, Don is a smarter investor. Jan 18, 2019

The is a big difference between intelligence and financial wisdom. Getting smart takes time.

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Jack Bogle: A man who led us to better financial futures Jan 17, 2019

We pay tribute to Vanguard founder, John C. Bogle, a man who put billions of dollars in our pockets.

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Guessing right about the future doesn't make you smart, just lucky. Jan 16, 2019

Why do so many of us believe we have special predictive powers when the future must be unknown.

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Why are most money talk shows and podcasts giving bad advice? Jan 16, 2019

Good financial advice is hard to find, particularly on the radio. Plus, more on retirement planning.

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Even a wise old sage like Jack Bogle can get emotionally swayed Jan 15, 2019

While Barron's made it sound like Bogle was panicking out of stocks (he hasn't) it seems he did let his emotions get to him.

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When do you want to retire and what will you do? Jan 15, 2019

As we are living longer, you should consider when you really should retire and what you'll do with your life.

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Don't use the only type of fund that made money last year. Jan 14, 2019

Every asset class lost investors money in 2018. However, funds that sold short(s) did pretty well.

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Wow, how quickly stocks go from worst ever to best ever. Jan 11, 2019

2018 was the worst year for stocks since 2008, so far 2019 is a whole other story.

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Listen to this before you yell at your financial advice provider. Jan 10, 2019

Okay, so just opened your statement, and your portfolio performed horribly last year, what would you have done differently?

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You're a bad investor when you want what you can't have? Jan 09, 2019

Sure, we all want to make lots of money and hate taking risks. Do you want to make money or not?

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Warren Buffet's indexing bet continues to look brilliant Jan 09, 2019

While Warren Buffet may have lost a fortune on Apple his bet against hedge funds continues to shine.

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TUE: Even in business, death is required for future growth Jan 08, 2019

We tend to hate change, but it's inevitable and often good. The old must inevitably make way for the new.

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If the volatile market is scaring you, you're doing something wrong. Jan 08, 2019

Make sure you're properly invested for dizzying markets and are using the right advisor.

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MON: Of course, my investment advice is in your best interests. Jan 07, 2019

Doctors are always fiduciaries. Lawyers are always fiduciaries. Financial advisors are occasionally fiduciaries (but not often). What's yours?

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FRI: Dumb smart money versus smart dumb money Jan 04, 2019

Special people think they deserve special investments, but how has that worked out for them?

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THU: When markets are scary, know your turbulence tolerance. Jan 03, 2019

Investing isn't scary, markets are (like today's was). So, how wild a ride can you stand?

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WED: If you weren't a loser you did something wrong. Jan 02, 2019

The stock market had a very bad month, did you?

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SEC forces Jordan Goodman to return ill-gotten Woodbridge gains. Dec 30, 2018

You heard it here first: A promoter of high-yielding "investments," Jordan Goodman really was selling a Ponzi scheme. So, will people stop listening?

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Should you invest in scary stocks, scarier crypto, or a bag of air? Dec 29, 2018

To make money you need to take risk, but you need to know yourself and be a smart, REAL investor.

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What Should You Do if a Bear Approaches? Dec 20, 2018

Welcome to another EMERGENCY MARKET edition of Talking Real Money addressing the elephant, er, uh, bear entering the room.

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Call us BEFORE you make a major money mistake! Dec 19, 2018

Investing your money is a major financial decision, and like all other major decisions in life, you should do your research.

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Take a caller-driven, wild ride through an array of important money issues Dec 18, 2018

We always preach diversification, so in this episode we diversified our topics to cover a wide range of valuable information. HELOCs and crypto and Social Security, oh my!

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How do you decide when and how to take Social Security in retirement? Dec 12, 2018

For most retirees, Social Security will be their future foundation. That's why it is important to have a plan for your future payments.

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What should you do after the stock market has dramatically declined? Dec 11, 2018

The Dow losing over 1,000 points sounds scary, but how bad was the recent decline in stocks prices historically?

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TIme for an emergency market perspective intervention Dec 06, 2018

With the stock market appearing to plummet, it seems like a great time for a perspective adjustment. Here's a short bonus edition of Talking Real Money.

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Investing isn't a complicated as you might think Dec 05, 2018

Real investing is pretty simple. It's only made to appear complex by those who want to get their hands on your money.

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That "free" steak dinner could cost you thousands of dollars Dec 04, 2018

Those free steak dinners have a catch and that catch could cost you. In addition, often the pitch is a well-crafted series of lies.

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That "free" steak dinner could cost you thousands of dollars Dec 04, 2018

Those free steak dinners have a catch and that catch could cost you. In addition, often the pitch is a well-crafted series of lies.

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Last-minute steps you can take to reduce your 2018 tax bill Nov 29, 2018

You have a month left to take some steps to reduce this year's taxes. How to be a better investor at any age. Who should you believe?

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How to avoid panicking in bad markets and learn to accept them Nov 28, 2018

The stock market will always fall at times. You will never know exactly when it will happen, nor how far it will fall. So, invest right initially.

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Bitcoin: Is it a currency, an investment, or something far more dangerous? Nov 20, 2018

As we approach the one-year anniversary of the cryptocurrency craziness, maybe it's time to face the facts about this economic phantasm.

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Stop believing that someone can predict the future direction of your investments Nov 14, 2018

"What is the market doing?" "What will the market do?" The only question that can be answered is "What has the market done?"

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Where do you get your financial advice? Nov 13, 2018

To enjoy a better financial future, you probably need better advice. Find out why most of the traditional sources of investment advice are so horribly flawed.

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What happens to your future if those dividends run dry? Nov 08, 2018

Is dividend investing a sound retirement income strategy? Plus, what is a 529-A plan?

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Stock prices have fallen. What should you do about it? Nov 07, 2018

What should investors do about the elephant in the room; the recent declines in the equity markets.

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Your wallet is back on the menu at those free steak dinners. Oct 31, 2018

With the demise of the fiduciary requirement, annuity salespeople are back with a vengeance. Plus, we continue the ten keys to real investing with the last five!

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Learn the investing strategy that can save your sanity in scary markets. Oct 25, 2018

In this episode, we look back at recent stock at last week’s interesting stock market declines and what they might mean for your investments. We take a historical look back at the US market and consider the effects of different investment strategies over the last century. Don takes calls on college fund investing and portfolio withdrawals. We kick off the ten keys to real investing with the first five and will be doing the second five next week.

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The Ballad of Wade Crook or You Can't Keep a Good Con Down Oct 17, 2018

Wade Cook is back and still selling seminars. What better way to celebrate this dumbfounding news than parody podcast. Then we talk about insurance, stock picking perils and the danger of cryptocurrencies.

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Suze Orman's and Dave Ramsey's Investing Advice is Bad for You Oct 11, 2018

A special episode focusing on why most of the popular financial advice providers – like Dave Ramsey or Suze Orman – give so much terrible investing advice.

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How you can enjoy a brighter future by avoiding active money management Oct 04, 2018

In this episode of Talking Real Money Quick, Don takes a few calls on proper portfolio allocation and whether it is worth having any actively managed funds. We also breeze through some reminders about avoiding speculation and following financial science rather than outdated beliefs.

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What lessons can you learn from a bad financial advisor? Oct 03, 2018

In this short episode of the Talking Real Money, Don was broadcasting live
from FinCon 2018 in Orlando. He talks about some of the classes he attended
and his surprise encounter with Woodbridge Ponzi promoter, Jordan Goodman.

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Gold, BitCoin, Chocolate Sep 27, 2018

On today’s episode, Don answers questions on how to find a reliable
fiduciary in your area and the continual, healthy diversification of a
portfolio. We also touch on investing intuition and why it is not to be
trusted, market foresight, risk management and more!

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Protect Yourself Sep 26, 2018

In this episode, Tom is joined by ConsumerMan Herb Weisbaum in Don’s
absence. We talk about pet insurance, free credit freezes and check fraud.
In addition, we discuss estate planning and wills; financial advisors, and
why you should stick to fee-only fiduciaries.

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Sky High Stocks Sep 25, 2018

In this episode, Tom is joined by securities attorney, Lawrence Cock (yes,
they are brothers). Today we discuss the Dow’s all-time high at the end of
last week, and look back at some of the times in history it plunged. We
also talk about financial fraud and avoiding Ponzi schemes.

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Commodity Games Sep 21, 2018

Don takes calls on small cap investing, portfolios, credit scores and more.
Spliced in between these we hear why stocks are still the best place to put
your money, the arguments against commodities as investment, and why money
and happiness are not actually as disconnected as has often been said.

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Dialing in Risk Sep 20, 2018

Today on the show we are answering your money questions, about the tax
implications of transferring funds from a 401(k), equities versus fixed
income investments, student loan refinancing, and why it is so important to
understand your risk profile before making your investment choice. We also
broach the topic of fiduciaries, and what you should always ask them. So
for all the strategies and tips to make your money life a lot better, don’t
miss out on this great episode!

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Buy Norway? Sep 18, 2018

The long podcast returns, as Don and Tom answer questions on a Roth 401k,
disability insurance, and inheritance investments. They also chat about
deceitful annuities, the US markets this year and investing in Norway in
2009.

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Taking in Slowly Sep 13, 2018

In this episode, Don fields questions on the amount of cash held by index,
and the best way to deal with an inherited IRA. Plus, he discusses money
and happiness, surrender fees and the problems with some stock brokers and
advisors.

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Conflict Free? Sep 07, 2018

In this episode we discuss investing in ETFs versus mutual funds, why you
should stay away from actively managed funds, and understanding that you
cannot build wealth without the inherent risk. Finally, we also dig into
what to look for when choosing your financial adviser and what questions to
ask in making your decision.

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Healthy Savings Sep 06, 2018

On today’s pocket-sized episode we tackle health savings accounts and
consider low-cost (or no-cost) offerings from Fidelity and Vanguard. Don
also packs in a few reminders about the evils of actively managed funds and
those who claim to know the future. Finally, we consider the flimsiness of
bitcoin investments.

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Designation Decipher Aug 30, 2018

Great calls and valuable information to help you manage money better. Don
answers questions on finding a fiduciary advisor and the meanings of
various professional designations. He also takes calls of 529 plan
allocation and getting a late start on retirement. He also offer some
thoughts on global investing, actively managed funds, and why risk so
important in growing your funds.

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Grown Up Bullies Aug 29, 2018

In this episode, Tom and Don are tackling the adult equivalent of those old
bullies who stole your lunch money. We hear from one caller who does not
know how much commission her advisor is taking even though she has asked
him multiple times. We also talk about the myths of actively managed funds
and clever ways to think about your Social Security as you reach the age of
collection.

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Collapsing Woodbridge Aug 28, 2018

An update on the now official Woodbridge Ponzi scheme. Many of this
episodes calls focus on moving money from one place to another. Don and Tom
help a few callers with different variations of this problem from avoiding
taxation to finding the right place for an inheritance in the short term.

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Quick: Mortgage Inverted Aug 23, 2018

This episode is jam packed with great questions and useful investing
information for all listeners. Don answers this week’s queries on reverse
mortgages, early retirement and the concept of F.I.R.E. and discusses the
recent, long running bull market and the real value of gold.

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Shockingly Expensive Aug 22, 2018

In this episode, discuss a bond fund with outrageously high fees and
extraordinary risk. Listen in as they chat about easily accessible online
resources for money management, retirement preparation, and how to invest
cleverly from a young age. They also talk about inflation and why silver
has not actually increased in value in the last hundred years.

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Money Media Mendacity Aug 21, 2018

Today’s topics include which investing personalities, on TV and radio,
should be trusted, living your life smartly with the constant alerts to
impending doom, Jim Cramer and why investing estimates are framed in a
particular way.

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Quick: Figuring the Future Aug 16, 2018

In this episode of Talking Real Money Quick we explore the evils of stock
picking and why investment decisions should not be made from emotional or
intuitive areas of our brain, the best retirement calculator, Ponzi schemes
and much more.

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How Much Risk? Aug 15, 2018

This episode’s topics range from savings accounts to annuities. Don and Tom
tackle your questions about IRAs, pensions and bond funds. We also pack in
some useful information on the resources available on our website and how
to use RisQuiz to help you on your investment journey.

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Stick to Debt Talk Aug 14, 2018

Dave Ramsey has helped a lot of people manage their debt and become savers.
However, his investing advice leaves a whole lot to be desired because he
has a huge financial interest in promoting brokers.

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Quick: Pecuniary Puzzles Aug 10, 2018

Bite-sized money bits including: Things the financial industry hides from
you. Who is less honest? Stock brokers or insurance agents? The common
thread through all the so-called crises of recent history. How the rule of
seventy-two can help you calculate future worth. Plus, much more

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Silver's So Sad Aug 10, 2018

Most of those in the financial services industry are not looking out for
you, they’re looking out for themselves. In this episode, Don shows you how
to look out for you. He also gets into commodities with a caller who's
promoting silver. How has silver done when compared with equities and the
growth of the global economy.

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What's the Catch? Aug 09, 2018

Tom's on vacation, so Don talks about fund fee wars. Last week, Fidelity
Funds announced two new funds, Fidelity Zero Total Market and The Fidelity
Zero International without zero expenses. In other words, Fidelity is going
to lose a lot of money on them.

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Quick: Home as Investment? Aug 02, 2018

Are homes great investments? The reality of home price appreciation has
been far different than we’ve been lead to believe. Why we often feel like
we knew what the markets were going to do, when in fact we knew nothing at
all. Plus, much more.

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No Money Magic Aug 01, 2018

The path to a great future is paved with money. But to have money you have
to manage it properly. To manage it properly you need to find somebody that
you can absolutely trust to do what’s best for you. Like a fiduciary.

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Two Stock Melt Jul 31, 2018

Tom and Don discuss the plunging price of two very well-known companies,
Facebook and Twitter. Their message: Avoid individual stocks! In addition
we take your calls on a variety of issues from charitable gift annuities to
stock allocation

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Quick: More Keys Jul 27, 2018

In this episode of Talking Real Money Quick, we bring you part two of the
10 crucial keys to successful investing. In this episode, we learn why
market timing is so foolish and why you’re probably better off ignoring
news media. As always, we also answer your calls and questions and today,
cover topics such as investing with Swell and calculating taxes on Social
Security.

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Cost Drag Jul 26, 2018

In this episode, Don and Tom are talking taxes, social security, annuities
and take hard look at insurance. Plus a caller shares a terrible experience
with their “advisor.”

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Trading Truths Jul 25, 2018

Trading stocks is no different from gambling and the result usually is the
same. Plus we discuss Trivent, Merrill Lynch, fees, market correlation,
advisor picking, and much more.

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Quick: 5 Investing Keys Jul 20, 2018

Saving for yourself versus saving for your kids.Find out why risk tolerance is a misnomer.The basis of the business market hypothesis.Why we should listen to the market’s collective wisdom.Retirement income versus life strategy income.Determining your volatility and risk tolerance.Why you should quit investing on previous returns.How stock markets reflect the value of the global economy.Why stock markets reward long-term real investors.Why real investing must be based on science.The four well-established dimensions of return.Improve your risk portfolio with dimensions of return.
Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comRobert Schiller – https://twitter.com/RobertJShiller

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Reverse Realities Jul 19, 2018

A caller’s reverse mortgage problems.How to invest some extra money.Determine your risk tolerance.Only buy the best stocks.Picking stocks is not the same as drafting sports players.Taking out the elements of luck and prediction in investments.Your risk tolerance should guide your investments.
Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comBetter Retirement Guidebook — https://www.retirebetterbook.com/Acorns — https://www.acorns.com/

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Don's Truth Form Jul 18, 2018

Don goes solo this week as Tom is on vacation.How to get started as an investor and where to get the right advice.Don’s issues with majority of financial advisors and what to look out for.Considering retirement investment options for a teacher. Ideas for emergency funds for fastest and safest access. Getting a real financial advisor instead of a stock broker. Use this handy form to interview financial advisors.
Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comBetter Retirement Guidebook — https://www.retirebetterbook.com/Acorns - https://www.acorns.com/Retirement Roundtable - http://www.talkingrealmoney.com/new-events/2018/8/18/retirement-roundtable

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Quick: Why They Lie Jul 13, 2018

Why a bonus round of the “Quick” podcast this week?Why don’t consumers trust financial “professionals?”Were recent “crises” really that bad?The wacky world of cryptocurrency ICOs.Investing for your tolerance for volatility.What’s happened since the ’08 crash and how would you have fared?
Money Thirty Podcast — https://www.moneythirty.com/Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comBetter Retirement Guidebook — https://www.retirebetterbook.com/Quarters — https://pocketfulofquarters.com/Diet Bitcoin — https://www.dietbitcoinico.org/

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Quick: 2 Words, 2 Letters Jul 12, 2018

Talking Real Money now begins in earnest. Every week we will intersperse your calls (to 855-935-TALK) with a bunch quick, informational features that Don produces for KOMO News in Seattle. Get an eclectic and science based money education in 10-20 minutes per week. In this edition:Two words and two letters for new investors.Cryptocurrency confusion and con jobs. Immediate annuities aren’t as good as they appear. You can’t know when the market will fall or rise again. Predictable failures when predicting the future.What is anything really worth?
Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comBetter Retirement Guidebook — https://www.retirebetterbook.com/Acorns — https://www.acorns.com/SEC — https://www.sec.gov/

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Crypto: Craze to Crash Jul 05, 2018

The cryptocurrency craze and collapse!Where to put a chunk of savings for best returns according to your risk tolerance. How to go about replacing income for retirement. Balancing your risk and safety through stocks and bonds.Finding a full-time, 100% fee-only fiduciary online. The interviewing processing when selecting a capable, appropriate advisor. What we can learn from the example of Japan in the 1990s.
Money Thirty Podcast — https://www.moneythirty.com/Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comBetter Retirement Guidebook — https://www.retirebetterbook.com/Ethereum — https://ethereum.org/Cristiano Ronaldo — https://www.cristianoronaldo.com/Edward Jones — https://www.edwardjones.com/index.htmlDimensional Investing — https://us.dimensional.com/Peanuts — http://www.vulture.com/2015/12/peanuts-specials-ranked.htmlTalking Real Money DFA Advisor Link — http://www.talkingrealmoney.com/dfaAllison Spielman — http://www.allisonspielman.com/Warren Buffett — https://www.investopedia.com/university/warren-buffett-biography/warren-buffett-success-story.aspBerkshire Hathaway — http://www.berkshirehathaway.com/

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Ignore Predictions Jul 04, 2018

Will the future economy be better or worse?Don’s approached by the World Marketing Alliance.Why you should be investing in what is down.Bond percentages versus stocks percentages.Intermediate government bond funds go down.Investors are doing worse than funds themselves.A brief update on bad investor behavior.Why investor returns recently improved.Returns on the Fidelity Emerging Marketing Fund.Why you don’t react to everything that is going on.Sell some of your winners, buy some of your losers.Insurance companies are not 100% guaranteed safe.Remember, there’s nothing out there that is free.
Money Thirty Podcast — https://www.moneythirty.com/Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comWorld Marketing Alliance – https://www.linkedin.com/company/wma-world-marketing-alliance/Fidelity Emerging Marketing Fund – https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/SHDOCS/FEMKX/hosts/sh_comm_qfr.000322.RETAIL_pdf.pdfJason Heath – https://business.financialpost.com/author/fpjasonheathExecutive Life – https://en.wikipedia.org/wiki/Executive_Life_Insurance_Company

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Your Money & The Law Jun 28, 2018

Attorney Rick Gregorek joins Tom and here are some of the topics discussed:Investment tip 1: Ignore all the noise.Are you okay losing half of the money you invested?The need for return versus the want for return.Why half of your money should be in bonds.You have to afford to save for retirement, now.State planning, disability and dying: It’s a reality people!What Rick and Tom cover in Retirement Freedom.Why financial portfolios need to adapt as you age.What happens when investment portfolios rely on principle.Planning for not being able to take care of yourself. Financial conflict often created by blended families.Knowing the purpose for your own money first.Determining how much you should be saving. The “mortgage-free” myth you need to know.Why windfalls are a major financial decision.Is tax referral generally a good idea?Hear Tom’s problem with real estate today.Stocks that have gone parabolic in the last year. The importance of really diversifying your stocks.
Money Thirty Podcast — https://www.moneythirty.com/Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comRick Gregorek – https://www.rjglegal.com/Rick Gregorek on Twitter – https://twitter.com/RJGLegalYour Partner in Law – http://yourpartnerinlaw.com/Acorns – https://www.acorns.com/Retirement Freedom – http://yourpartnerinlaw.com/Page/upcoming-eventsYour Money and Your Brain – https://www.amazon.com/Your-Money-Brain-Science-Neuroeconomics/dp/0743276698Bank Rate – https://www.bankrate.com/Talking Real Money on Twitter – https://twitter.com/donmcdonald

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The Obsolete Index Jun 27, 2018

Why the 110-year old Dow Jones Industrial Average is an anachronism.Some advice for diversifying IRA investments.The current plight of some baby boomers going into retirement.Looking back on the original companies from the DJIA. The lesson that the history of the DJIA teaches us for free! The upcoming Retirement Freedom class that Tom is offering.When to start taking Social Security.How to go about starting to prepare for retirement. Transferring into a Roth IRA and the tax options.Balancing real estate investments with stock and bonds.
Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comDave Ramsey — https://www.daveramsey.com/Disney — https://www.disney.com/Time — http://time.com/Forbes — https://www.forbes.com/American Funds Group — https://groupinvestments.americanfunds.com/Bill Gross — https://en-us.janushenderson.com/institutional/make-money/SEC — https://www.sec.gov/Ray Lucia — http://www.raylucia.com/Dow Jones Industrial Average — https://www.marketwatch.com/investing/index/djiaDow 30 — https://money.cnn.com/data/dow30/AT&T — https://www.att.com/Wall Street Journal — https://www.wsj.com/S&P TMI — https://www.marketwatch.com/investing/index/sptmi?countrycode=xxMicrosoft — https://www.microsoft.com/Apple — https://www.apple.com/Caterpillar — https://www.caterpillar.com/en.htmlRetirement Freedom Kirkland — http://www.talkingrealmoney.com/new-events/2018/5/23/retirement-freedom-kirklandRick Gregorek — http://yourpartnerinlaw.com/

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Bad Investing Advice Jun 26, 2018

The problem with Dave Ramsey’s advice on investing.Don't expect a 12% return on your investments.Investing in stocks is far from safe.Investment advice on the radio and who to trust.Where to stash money for the short term. A reminder about Don’s advisor hats!The oxymoron that is ‘actively managed index funds’.The best indicator of the US market at any point.Is the Dow Jones Industrial Average an anachronism.
Money Thirty Podcast — https://www.moneythirty.com/Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comDave Ramsey — https://www.daveramsey.com/Disney — https://www.disney.com/Time — http://time.com/Forbes — https://www.forbes.com/American Funds Group — https://groupinvestments.americanfunds.com/Bill Gross — https://en-us.janushenderson.com/institutional/make-money/SEC — https://www.sec.gov/Ray Lucia — http://www.raylucia.com/Dow Jones Industrial Average — https://www.marketwatch.com/investing/index/djiaDow 30 — https://money.cnn.com/data/dow30/AT&T — https://www.att.com/Wall Street Journal — https://www.wsj.com/S&P TMI — https://www.marketwatch.com/investing/index/sptmi?countrycode=xxMicrosoft — https://www.microsoft.com/Apple — https://www.apple.com/Caterpillar — https://www.caterpillar.com/en.htmlRetirement Freedom Kirkland — http://www.talkingrealmoney.com/new-events/2018/5/23/retirement-freedom-kirklandRick Gregorek — http://yourpartnerinlaw.com/

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Worry Free Investing Jun 22, 2018

Confusing predictions, investment knowledge, and pornography.Making investments that you do not have to watch every day.Knowing your risk tolerance and then acting in accordance with it.Picking which Vanguard index fund to utilize to suit your needs.Further considerations about GET and Utah Plans. The two things that parents should be thinking about when securing their children’s futures. The vital importance of education as an investment.Why some advisors are somehow insisting their clients want to pay more!Avoiding the obfuscation that many advisor firms employ. John Thain’s contentious side table.
Money Thirty Podcast — https://www.moneythirty.com/Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comRetirement Freedom Kirkland — http://www.talkingrealmoney.com/new-events/2018/5/23/retirement-freedom-kirklandRick Gregorek — http://yourpartnerinlaw.com/Financial Fysics — https://www.amazon.com/Financial-Fysics-Money-Investing-Really/dp/1453898557Amazon — https://www.amazon.com/David Letterman — https://www.theguardian.com/media/david-lettermanMorningstar — https://www.morningstar.com/The Great Bull Market That Everybody Missed — https://www.morningstar.com/articles/869684/the-great-bull-market-that-everybody-missed.htmlPaul Merriman — https://paulmerriman.com/My529 — https://my529.org/DreamAhead — https://www.get.wa.gov/savings-planAge-Based Aggressive Global — https://my529.org/age-based-aggressive-global/GoFundMe — https://www.gofundme.com/Mel Gibson — https://www.imdb.com/name/nm0000154/Merrill Lynch — https://www.ml.com/Wall Street Journal — https://www.wsj.com/Morgan Stanley — https://www.morganstanley.com/John Thain — https://news.efinancialcareers.com/za-en/312153/john-thain-deutsche-bank

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More Ways to Save Jun 21, 2018

Preparing for retirement on a teacher’s salary.Using a trust to secure an estate inheritance.Roth IRAs and saving agreements with children.Why individual stocks are gambles, not investments.Pros and cons of investing with Acorns.Acorns’ ‘Found Money’ and how it works.529 College Plans and where to best place your money.Some more ideas for ensuring a safe trust for your kids. Questions to ask before parking money from a real estate sale
Money Thirty Podcast — https://www.moneythirty.com/Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comFinancial Fysics — https://www.amazon.com/Financial-Fysics-Money-Investing-Really/dp/1453898557Retirement Freedom Kirkland — http://www.talkingrealmoney.com/new-events/2018/5/23/retirement-freedom-kirklandRick Gregorek — http://yourpartnerinlaw.com/Dow Jones Industrial Average — https://www.marketwatch.com/investing/index/djiaApple — https://www.apple.com/Boeing — https://www.boeing.com/Acorns — https://www.acorns.com/Lyft — https://www.lyft.com/Wall Street Journal — https://www.wsj.com/Walmart — https://www.walmart.com/DreamAhead Plan — https://www.get.wa.gov/savings-planUtah 529 Plan — https://my529.org/Bankrate — https://www.bankrate.com/

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Time for a Hat Jun 20, 2018

Why Don has no qualms about taking down investment charlatans.The increase in index fund investment over the last two decades.Common questions that Tom encounters from clients who have been swindled.Knowing your money’s purpose before making any kind of investments.Creating a savings habit from a young age. Don’s idea to send the SEC some hats to improve their practices.Figuring out if your investment plan is too conservative.The differences between a money market account and a money market fund.
Money Thirty Podcast — https://www.moneythirty.com/Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comWall Street Journal — https://www.wsj.com/Billions — https://www.imdb.com/title/tt4270492/Andrew Ross Sorkin — https://www.nytimes.com/by/andrew-ross-sorkinBobby Axelrod — http://billions.wikia.com/wiki/Bobby_AxelrodThe Americans — https://www.imdb.com/title/tt2149175/The West Wing — https://www.imdb.com/title/tt0200276/Happy Days — https://www.imdb.com/title/tt0070992/Yes — http://yesworld.com/Incredibles 2 — https://www.imdb.com/title/tt3606756/Financial Fysics — https://www.amazon.com/Financial-Fysics-Money-Investing-Really/dp/1453898557SEC — https://www.sec.gov/Bankrate — https://www.bankrate.com/Northpointe Bank — https://www.northpointe.com/

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Our Own Worst Enemy Jun 15, 2018

Surrender charges and their vague justifications.Free meals and the associated sales pitches.The different formats on which Talking Real Money is available. Overconfidence and the behavioral biases around investing. Pattern recognition and its evolutionary roots. Recency bias and the psychological after effects of the 2008 market crash. A host of other biases that affect our investment choices. Some of the recent news from the world’s most famous investors.
Money Thirty Podcast — https://www.moneythirty.com/Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comThe Americans TV Show — https://www.imdb.com/title/tt2149175/Charlies Steak House Florida — https://www.tripadvisor.co.za/Restaurant_Review-g34515-d456639-Reviews-Charley_s_Steak_House-Orlando_Florida.htmlAndersonville — https://www.history.com/topics/american-civil-war/andersonvilleS&P 500 — https://www.marketwatch.com/investing/index/spxMoney Magazine — http://time.com/money/Investor’s Business Daily — https://www.investors.com/Blackberry — https://us.blackberry.com/Apple — https://www.apple.com/Jason Zweig — http://jasonzweig.com/Warren Buffett — https://www.investopedia.com/university/warren-buffett-biography/warren-buffett-success-story.aspJohn Bogle — https://www.marketwatch.com/story/this-is-jack-bogles-strategy-to-avoid-disappointing-vanguard-investors-2017-07-20Burton Malkiel — https://www.nytimes.com/2017/06/22/business/burton-malkiel-investment-stock-index-funds.html

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Kid's Money Lessons Jun 14, 2018

Who should you ask your for investment advice?Managing a tricky annuity alongside an IRA.Researching the current value of the New York 529 Plan. When to pick up brokerage CDs. Understanding stock market reports and what rises and falls are compared to.The worst lesson anyone can take when it comes to money. Why learning about money is important from an early age. The drawbacks of teaching kids about money too early.
Money Thirty Podcast — https://www.moneythirty.com/Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comSEC — https://www.sec.gov/KC and the Sunshine Band — http://www.heykcsb.com/Anthony Bourdain — http://www.anthonybourdain.net/New York 529 Plan — https://www.nysaves.org/DreamAhead Plan — https://www.get.wa.gov/savings-planOlympia Beer — http://olympia-beer.com/Bankrate — https://www.bankrate.com/Bellevue Event — http://www.talkingrealmoney.com/new-events/2016/6/3/lunched-the-science-of-retirement-investing-portlandDow Jones Industrial Average — https://www.marketwatch.com/investing/index/djiaAcorns — https://www.acorns.com/ Whiz Biz Kids — http://whizbizkids.com/Camp Millionaire — http://www.creativewealthintl.org/campmillionaire.phpRobert Kiyosaki — https://richdadeducation.com/us/FreeWorkshop/?vsid=30d26bd6-586e-e811-93fe-a0369f1303c6Blackstone — https://www.blackstone.com/

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It's Just Capitalism? Jun 13, 2018

Don’s beef with most of the people, not all of the people, who sell financial services is that they don’t regularly tell the truth, the whole truth and nothing but the truth. The reason being, that they are paid to obfuscate. In this episode, Tom and Don discuss the misleading nature of many of the sales pitches out there today. The phrase, “It’s just capitalism,” so often heard when it comes to shady business dealings, is just no excuse! By the end of this episode, you’ll have some helpful tools in your pocket to help you find out whether you are being bamboozled by your brokers.Misleading financial services sales pitches.Equity index annuities: Are they really that great?Why you need to be aware of surrender charges.Helpful tricks to find out whether you are being bamboozled.Should financial decisions be based on the concept of caveat emptor?Why the phrase “It’s just capitalism” is not excusable.Somebody shouldn’t have to win, somebody shouldn’t have to lose.Tom and Don’s beef with bank brokers and wealth managers.More insights on the 529 GET Plan and DreamAhead program.
Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comCaveat Emptor – https://consumer.findlaw.com/consumer-transactions/what-does-caveat-emptor-mean-.htmlTom Cock – https://www.linkedin.com/in/tom-cock-846234b/Bank Rate – https://www.bankrate.com/CNL Bank – http://www.usbanklocations.com/cnlbank-34427.shtmlDreamAhead Plan — https://www.get.wa.gov/savings-plan529 GET Plan – https://www.get.wa.gov/

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Educational Dream Jun 07, 2018

Learn more about Washington State’s Dream Ahead plan.Why we’re not gigantic fans of the 529 because of asset allocation.Hear our “secret” plan for The Dream Ahead stock portfolio.Learn more about the State’s TAP Annuity plan. Is it worth it?Why hedge funds dramatically underperform on average.Why the bane of the financial services industry is the concept of dual registration.Why Wall Street does not want to disclose their conflicts of interest.Discover why it’s easier for financial service providers to outright lie.Fake news, fake corporations, fake scams, and fake people.How Bill ‘Bond King’ Gross lost 21 million dollars of his own money.Find out more about PIMCO’s Total Return fund.An update on Bitcoin mining.
Money Thirty Podcast — https://www.moneythirty.com/Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comMoney Magazine — http://time.com/money/Better Retirement Guidebook — https://www.retirebetterbook.com/The Dream Ahead Plan – https://www.dreamahead.wa.gov/Dream Ahead 529 Is A Better College-Savings Plan Than GET –https://www.seattletimes.com/opinion/dreamahead-529-is-a-better-college-savings-plan-than-get/Westworld on HBO – https://www.hbo.com/westworldUesp.org – https://my529.org/The TAP Annuity – http://www.merriman.com/wealth-enhancement/how-the-tap-annuity-works-for-washington-state-employees/Bill Gross’s Janus Unconstrained Bond Fund Drops Sharply – https://www.wsj.com/articles/bill-grosss-janus-unconstrained-bond-fund-drops-sharply-1527688629PIMCO – https://www.pimco.com/en-us/?showSplash=1C-Share – https://www.investopedia.com/terms/c/cshare.aspVerizon – https://www.verizon.com/home/verizonglobalhome/ghp_landing.aspxSprint – https://www.sprint.com/

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Money Schooling Jun 06, 2018

The lousy pay in teaching and education.Looking at the DreamAhead College Investment Plan and its possibilities.Comparing a Global REIT fund from Vanguard with bond funds.The low-down on annuities and when to avoid them. Clarifying some points from the Washington GET College Fund. Preparing for a child’s college payments the smart way. Recapping the story from last week’s episode with Jordan Goodman.
Money Thirty Podcast — https://www.moneythirty.com/Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comWashington State University — https://wsu.edu/529 Plan — https://www.sec.gov/reportspubs/investor-publications/investorpubsintro529htm.htmlDreamAhead Plan — https://www.get.wa.gov/savings-planRetirement Planning Today — https://www.campusce.net/everett/Course/Course.aspx?c=157Fidelity — https://www.fidelity.com/Jordan E. Goodman — https://www.moneyanswers.com/SEC — https://www.sec.gov/

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The Naked Bond King Jun 05, 2018

Bill Gross and the so-called ‘Bond King's’ epic fail!Finding and budgeting for a true fiduciary advisor.Why a long term perspective is indispensable to successful investing. The study that shows why it is better to hold off on Social Security.What is AAII’s shadow stock portfolio?
Money Thirty Podcast — https://www.moneythirty.com/Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comBill Gross — https://www.reuters.com/article/us-funds-janushenderson-gross/bill-gross-janus-unconstrained-bond-fund-drops-to-last-in-peer-group-idUSKCN1IV27VPimco — https://global.pimco.com/en-gblJanus Henderson — https://en-us.janushenderson.com/institutional/make-money/Nuveen — https://www.nuveen.com/homeTrump — https://www.donaldjtrump.com/Dimensional — https://us.dimensional.com/George Mason University — https://www2.gmu.edu/The Power of Working Longer — http://www.nber.org/papers/w24226AAII — http://www.aaii.com/Jason Zweig — http://jasonzweig.com/CDI Corp — https://www.cdicorp.com/Salem Media Group — http://salemmedia.com/Wall Street Journal — https://www.wsj.comMark Holbert — https://www.raymondjames.com/holbert/about-us/bio?_=Mark.HolbertS&P 500 — http://money.cnn.com/data/markets/sandp/Eric Tyson — https://erictyson.com/Investing for Dummies — https://www.amazon.com/Investing-Dummies-Eric-Tyson/dp/1119293340

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Advice Gone Bad Jun 01, 2018

In this episode we talk with former Money magazine reporter Jordan Goodman about recommendation of the alleged Woodbridge Wealth Ponzi scheme and his advice for investors going forward. Apparently, he failed to learn his lesson from his last failed promotion. Special guest, Jordan GoodmanThe risk of the stock market versus the safety of a bank. Jordan’s take on the SEC complaint against Woodbridge Wealth. Some self-serving “investing” advice from Jordan in the wake of the Woodbridge debacle. Don and Tom confronts Jordan on his endorsements and ethics.The conflicted interests of many financial advisors.The personal expenses of Robert Shapiro of Woodbridge Wealth.

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Anecdote or Evidence? May 31, 2018

How many Warren Buffet’s are really out there?Learn more about Warren Buffets’ Berkshire Hathaway.Berkshire Hathaway VS Vanguard Total Stock Market Index Fund.The very big difference between anecdotes and evidence.The problem with the majority of brokers / fiduciaries today. Dual-registered advisers and why you should be weary of them.What to do if your advisor does not have your best interest at heart.When to wear the “best interest” red hat and the “merely suitable” green hat.A fictional view of the Hedge Fund industry and its charges. Can you really learn to effectively trade?Learn more about the Peter Lynch method for investing.Is buying shares in something like BlackBerry a good idea?
Money Thirty Podcast — https://www.moneythirty.com/Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Warren Buffet – https://www.forbes.com/profile/warren-buffett/Berkshire Hathaway – http://www.berkshirehathaway.com/Inside Billionaire Steve Cohen’s Comeback – http://fortune.com/steve-cohen-billionaire-point72-hedge-fundWarren Buffett’s Berkshire Hathaway Had An Amazing 2017. 2018 Isn’t Looking Too Bad, Either – https://www.washingtonpost.com/news/get-there/wp/2018/01/18/warren-buffetts-berkshire-hathaway-had-an-amazing-2017-2018-isnt-looking-too-bad-either/?noredirect=on&utm_term=.631aed853601Vanguard Total Stock Market Index Fund – https://investor.vanguard.com/mutual-funds/profile/VTSAXTom Cock LinkedIn – https://www.linkedin.com/in/tom-cock-846234b/The Deuce on HBO – https://www.hbo.com/the-deuceThe Peter Lynch Method – https://www.investopedia.com/articles/stocks/06/peterlynch.asp

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No Magic Money May 30, 2018

Big banks and their conscious-free approach to money.One of the biggest challenges for Bank of America managers.The substantial shift to passive investment strategies.Is the best way to slow or reverse the ship by generating alpha?Recommendations from Bank of America that investors can perform.Return volatility and buying the riskier stocks.Stock Picker’s Paradise: Is that a real place or just a song?Why Bank of America wants you to “Take the road less travelled.”Extend your time horizon: Why short-term trading hurts returns.Do active managers do well in down markets?Find out why having one retirement fund makes sense.A look at the stats: How many traders really outperform?Why we are yet to find a reliable track record of long-term performance.Stock market investors versus gamblers.Why Warren Buffet isn’t as good as you think.
Vestory — https://vestory.com/National Association of Broadcasters – https://www.nab.org/Bank of America – https://www.bankofamerica.com/HSBC Bank – https://www.us.hsbc.com/Dirty Money – https://www.imdb.com/title/tt7889220/Savita Subramanian – https://www.linkedin.com/in/savita-subramanian-87034/Merril Lynch – https://www.ml.com/Morgan Stanley – http://www.morganstanley.com/Bank Of America Outlines Tips Investors Can Use To Beat The Market – https://www.cnbc.com/2018/05/25/to-beat-the-market-bank-of-america-outlines-these-tips-for-investors.htmlMoney Thirty Podcast — https://www.moneythirty.com/Warren Buffet – https://www.forbes.com/profile/warren-buffett/Fama & French – https://www.investopedia.com/terms/f/famaandfrenchthreefactormodel.aspVanguard — https://investor.vanguard.comReal Investing Journal — https://www.realinvestingjournal.com/The Secret to Beating the Stock Market, According to Vanguard Experts – http://time.com/money/4683900/vanguard-active-funds-beat-the-market-index-funds/

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Gold's Empty Promise May 25, 2018

In this episode of the podcast we are steering you away from the troubled waters of shady advisors and bad investments. Don and Tom take a few calls about correcting your investment path, the reality of gold and precious metal investments.. The duo also discuss the state of Seattle’s pension fund, Don’s book, and bitcoin. The episode finishes off with an invite to their next event, The Science of Retirement Investing, which is happening in June and will, like this show, help you prepare for a financially secure future.The recent Seattle City pension fund debacle.Don and Tom’s free advice for those in charge of pensions in Seattle.How to get ahold of Don’s book, Financial Fysics. The continuation of Mary’s question from the last episode. Finding the right advisor for your needs and comfortability. The danger of precious metal investments.What in the world is bitcoin art?Mining asteroids for gold and other minerals!More flimsy cryptocurrency options that you should ignore. Some information on the upcoming Science of Retirement Investing lunch. A quick look at bitcoin’s recent chart.
Money Thirty Podcast — https://www.moneythirty.com/Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comFinancial Fysics — https://www.amazon.com/Financial-Fysics-Money-Investing-Really/dp/1453898557Apple iBook Store — https://itunes.apple.com/us/app/ibooks/id364709193?mt=8The Seattle Times — https://www.seattletimes.com/Seattle Pension Fund Phone Number — 206-386-1293Apple Hospitality REIT — http://applehospitalityreit.com/DFAUS — https://us.dimensional.com/Angus Maddison — https://www.rug.nl/ggdc/historicaldevelopment/maddison/?lang=enJeff Bezos — https://www.forbes.com/forbes/welcome/?toURL=https://www.forbes.com/profile/jeff-bezos/&refURL=https://www.google.co.za/&referrer=https://www.google.co.za/Elon Musk — https://www.tesla.com/elon-muskPablo Escobar — https://www.biography.com/people/pablo-escobar-9542497HoweyCoins — https://www.howeycoins.com/index.htmlThe Science of Retirement Investing — http://www.talkingrealmoney.com/new-events/2016/6/3/lunched-the-science-of-retirement-investing-portlandBillions TV Show — https://www.imdb.com/title/tt4270492/

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It's the Tax Scam May 23, 2018

In this episode of Talking Real Money our hosts take a look at some particularly tricky investment questions. Tom gives some advice on how to not get scammed by people claiming to be the IRS. We then look at short term plans, recent interest rates, college funds and dispel any myths around energy investments! Don helps answer a query about real estate and when to pivot from a your own personal investment strategy and why. We end off with a caller whose story reiterates our main point: only take advice from fee-only fiduciaries!Tom’s ‘troubles’ with someone claiming to be ‘internal revenue service’.Short term policies and why they are usually expensive. Interest rates and the recents rises this year. The GET Program and it’s utility in saving for your education. Comparing a savings account with a short term, bond investment fund. Why to stay away from energy partnerships!Weighing the pros and cons of selling a rental property. Another story that illustrates why you need a fee-only fiduciary.Switching strategies and manages your investment tactics.
Money Thirty Podcast — https://www.moneythirty.com/Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comGET Program — https://www.get.wa.gov/howgetworksVOYA — https://www.voya.com/Seattle Not Beating the Market? — http://www.talkingrealmoney.com/blog/2018/5/19/beating-the-marketSOAEX — http://www.morningstar.com/funds/xnas/soaex/quote.html

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Being Actively Drained May 22, 2018

In this episode our hosts advise you to stay away from actively managed funds! Don and Tom look at the recent Seattle pension debacle before looking at emerging market funds and which give the best returns. We also cover some questions on payouts, rollovers and how to view investment in your 20s. The episode finishes off with a reminder about how volatility relates to investment returns.How to invest a company payout smartly.Weighing up 401(k) and IRA accounts.Rollovers and transfers in IRAs and how to do them safely.When to move funds from a 401(k) to a Roth IRA for tax reasons.Why younger investors should not focus on bonds.The Seattle pension problem.Comparing a few emerging market funds.The correlation between volatility and returns.
Money Thirty Podcast — https://www.moneythirty.com/Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comThe Science of Retirement Investing — http://www.talkingrealmoney.com/new-events/2016/6/3/lunched-the-science-of-retirement-investing-portlandRetiremeet North — http://www.retiremeet.com/Elon Musk — https://www.tesla.com/elon-muskSeattle Pension Issue — https://www.seattletimes.com/seattle-news/seattles-retirement-fund-was-mismanaged-now-taxpayers-are-paying-the-price/Kmart — http://www.kmart.com/Sears Holdings — https://searsholdings.com/Kenwood — http://www.kenwoodworld.com/Royal Wedding — https://www.royal.uk/royalweddingDFA Global Equity Portfolio — http://www.morningstar.com/funds/xnas/dgeix/quote.htmlThe Seattle Times — https://www.seattletimes.com/Fidelity — https://www.fidelity.com/American Funds — https://www.americanfunds.com/T. Rowe Price — https://www3.troweprice.com/Morningstar — http://www.morningstar.com/

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Avoid Bad Advice May 18, 2018

In this episode, Don and Tom want to keep you from falling victim to a Ponzi scheme or greedy stock brokers. Their advice: Stick to fee-only fiduciaries and keep those investments as diversified as possible. We look at how to check up on possible advisors using BrokerCheck, answer some questions on stable value funds and bonds indexes, look at the state of pensions in Seattle and advise that if you want to play the market you might as well head off to the casino.The reason why people like Bernie Madoff are not more uncommon.Using BrokerCheck to your investment advantage.Do not get caught out by the multitude of Ponzi schemes out there.A reminder about the Vestory risk quiz and how easy it is to take it.Don looks back on his dark history as a broker.Some traveling advice on shuttles from Don and his trip.A strange similarity between index funds and Uber rides. The differences between a fee-only fiduciary and a stock broker. Choosing between a stable value fund and a bond index fund. Is there an alternative to equities?Seattle’s pension problems and what this shows us. Why picking stocks is no better than going to the casinos. How to get ready for retirement the smart way.
Money Thirty Podcast — https://www.moneythirty.com/Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comThe Science of Retirement Investing - http://www.talkingrealmoney.com/new-events/2016/6/3/lunched-the-science-of-retirement-investing-portlandRetiremeet North — http://www.retiremeet.com/Johnny Cash — http://www.johnnycash.com/Bernie Madoff — https://www.biography.com/people/bernard-madoff-466366BrokerCheck — https://brokercheck.finra.org/Knowles Systems — https://knowlessystem.com/Charles Ponzi — http://mentalfloss.com/article/20377/who-was-ponzi-what-was-his-schemeUlysses S. Grant — https://www.biography.com/people/ulysses-s-grant-9318285Emirates — https://www.emirates.com/Uber — https://www.uber.com/MarketWatch — https://www.marketwatch.com/Alternative to Equities Article — https://www.marketwatch.com/story/theres-finally-an-alternative-to-equities-says-billionaire-fund-manager-2018-05-11Seattle Times — https://www.seattletimes.com/Seattle Times Pension Article — https://www.seattletimes.com/seattle-news/seattles-retirement-fund-was-mismanaged-now-taxpayers-are-paying-the-price/

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Reasonable Returns? May 17, 2018

In this episode, Don and Tom look at reasonable portfolio returns, the 2008 crash and, of course, cryptocurrency. The duo continue to explain the use of intermediate bond funds in getting your investments ready for retirement.Returns on portfolios and weighing good percentages.Why you can make more than 5% a year on a diversified portfolio.The risk quiz and why everyone should take it.Remembering the 2008 market crash and its legacy. Looking at how many times bitcoin has dropped a large percentage of its value. Intermediate bond funds and balancing your risk.Estimating what you need so that you do not lose what you have.Looking ahead to unencumbered finances after your dependents have graduated.

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Special Investor? May 16, 2018

Don't learn the hard way. There are no special investment for "special" people. Today on the show, Don and Tom help you to avoid falling victim to a Ponzi scheme or greedy stock brokers. We look at how to check up on possible advisors using BrokerCheck. Don and Tom answer some questions on stable value funds and bonds indexes, look at the state of pensions in Seattle and advise that if you want to play the market you might as well head off to the casino.Some information on penguins and their swimming habits.The reason why people like Bernie Madoff are not more uncommon.Using BrokerCheck to your investment advantage.Do not get caught out by the multitude of Ponzi schemes out there.A reminder about the Vestory risk quiz and how easy it is to take it.Don looks back on his dark history as a broker.Some traveling advice on shuttles from Don and his trip.A strange similarity between index funds and Uber rides. The differences between a fee-only fiduciary and a stock broker. Choosing between a stable value fund and a bond index fund. Is there an alternative to equities?Seattle’s pension problems and what this shows us. Why picking stocks is no better than going to the casinos. How to get ready for retirement the smart way.

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Retiremeet Q&A May 12, 2018

This episode features a panel of experts from Retiremeet North, Harlan Accola from Fairway Mortgage, Rick Gregorek from Gregorek and Associates, Paul Merriman formerly of Merriman, Don McDonald, and Tom Cock.The most difficult decisions we see people make as they get close to retirement.Understanding the mental shift required to spend home equity.Overcoming the fear of action and breaking free of planning paralysis.How to end your reverse mortgage prior to selling your house.The most common information a client omits/forgets to tell an advisor.Learning to foresee potential problems that can arise when writing your will.The best way to set up power of attorney with multiple agents. What you should be looking for when choosing a new financial advisor. Truly understanding the definition of a fiduciary relationship.Utilizing real estate as part of your long-term strategy to build passive income. The difference between a reverse mortgage as a home equity and a regular home equity.Incorporating Publicly traded Real Estate Investment Trust (REITs) in your portfolio.Understanding sector funds and why it is an over-weighted, gamble of an investment.The pros and cons of market cap-weighted index funds versus ones that are not.Why artificially impoverishing yourself to get on Medicaid is a matter of ethics.The best two-minute advice from our panelists to get prepared and ready for retirement.
Money Thirty Podcast — https://www.moneythirty.com/Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Retiremeet North — http://www.retiremeet.com/Tom Cock — https://www.linkedin.com/in/tom-cock-846234b/ Harlan Accola — https://www.linkedin.com/in/harlan-j-accola-crmp-b6544819/ Fairway — http://fairwayreverse.com/Rick Gregorek — https://www.linkedin.com/in/rick-gregorek-esq-86687513/ Gregorek and Associates — http://www.rjglegal.com/Your Partner in Law — http://yourpartnerinlaw.com/ Paul Merriman — https://paulmerriman.com/25 Things You Should Be Getting From Your Financial Advisor — https://paulmerriman.com/25-things-getting-financial-advisor/ Get Smart Or Get Screwed — https://www.amazon.com/Get-Smart-Screwed-Financial-Advisor/dp/1480179531 Dimensional Fund Advisors — https://www.dimensional.com/ My Future Blueprint — http://www.myfutureblueprint.com/

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Retiremeet Classes May 11, 2018

This episode is the second part of live recording at the Retiremeet North Conference and on today’s roster of speakers we have Harlan Accola from Fairway and Rick Gregorek from Gregorek and Associates. Harlan is an expert author and advisor on reverse mortgages. He explains how to use these products and clear up all confusion about reverse mortgages. Rick covers the topics of estate planning, putting together a team of advisors, the different retirement plans you can choose from and he even quickly looks at Medicaid.Introducing our first guest in today’s episode, Harlan Accola.Common misconceptions about reverse mortgages.Some information Harlan’s book on home equity and reverse mortgages.When to stop putting your money into equity and why.Why reverse mortgages are a part of a diversification strategy.The worthlessness of equity when you go into retirement.Why Harlan’s family distrusted his ideas on reverse mortgages. Introducing our second guest for today’s episode, attorney, Rick Gregorek. Rick’s professional background and the concepts he will covering today.Integrated estate planning and the importance of compiling a team of advisors.Comparing will based and trust based plans.How Rick and his colleagues came up with their wealth plan system. Business tools for estate planning and what you can use to your advantage.The subtle difficulties of dealing with Medicaid and health tools.
Harlan Accola on Linkedin — https://www.linkedin.com/in/harlan-j-accola-crmp-b6544819Home Equity and Reverse Mortgages — https://www.amazon.com/Home-Equity-Reverse-Mortgages-Cinderella/dp/0692044965Fairway — http://fairwayreverse.com/Rick Gregorek — http://www.rjglegal.com/Page/richard_gregorekGregorek and Associates — http://www.rjglegal.com/

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Paul Merriman May 11, 2018

This special episode features Paul Merriman’s keynote address at Retiremeet North on May 5, 2018 in Everett, WA. Paul talks about the essential aspects of smart investing and what he calls the ten million-dollar decisions that investors make. These choices have to be made, either consciously or just by default and Paul is here to remind us of the importance of making these decisions carefully correctly to ensure a bright financial future.The ten million-dollar decisions that one makes as an investor.Picking a trustworthy advisor to aid you on your path to financial security.Balancing stocks and bonds for the best returns and longevity.Signing up for the rises and drops in the market and the returns over the long term.Market timing as opposed to buying and holding.The importance of planning and setting out a glide path. The role of luck in the life of any investor.
Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comRetiremeet North — http://www.retiremeet.com/Paul Merriman — https://paulmerriman.com/ Merriman — http://www.merriman.com/101 Investment Decisions Guaranteed to Change Your Financial Future — https://paulmerriman.com/101-investment-decisions/Bessembinder — https://wpcarey.asu.edu/people/profile/2717225General Motors — https://www.gm.com/SPIVA Report — https://us.spindices.com/spiva/Morning Star — http://www.morningstar.com/John Bogle — http://johncbogle.com/wordpress/

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The Best and Worst May 10, 2018

This is the last of Don’s holiday episodes and so we gratefully thank Paul Merriman for stepping in one last time as co-host. In this episode, we cover some historically good and bad investments from none other than our hosts, reversed mortgages, gold and silver investments, market speculation and the work of Professor Bessembinder. Paul gives some invaluable information on salespeople and why you should avoid employing them as advisors. We even go so far as to give some tips for preparing for rough times in the market.Tom and Paul’s best and worst investments of all time.Selling good investments versus good ideas and stories. The possibilities of a reversed mortgage and the implications on inheritance.Investing in gold and silver and the volatility of this option.Preparing for the next bear market and covering your bases. Should you speculate at all? Clarifying exactly what Professor Bessembinder said.What to look forward to in Paul and Tom’s presentations at Retiremeet. Farewell to Paul Merriman, our amazing guest host!
Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/Paul Merriman — https://paulmerriman.com/ Merriman — http://www.merriman.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comRetiremeet North — http://www.retiremeet.com/SeaWorld — https://seaworld.com/orlando/Harcourt Brace Jovanovich — https://www.thriftbooks.com/a/harcourt-brace-jovanovich/221290/Warren Buffett — https://www.investopedia.com/university/warren-buffett-biography/warren-buffett-success-story.aspGeneral Motors — https://www.gm.com/Aerospace — http://www.aerospace.org/Amazon — https://www.amazon.com/Bessembinder — https://www.nasdaq.com/article/bessembinder-rocks-the-investment-world-cm862572

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Roth Power May 09, 2018

The focus of this episode is the Roth account, as our hosts take a few calls on the subject and unpack the benefits for our listeners. Guest host, Paul Merriman lays out his ideas around really long term investing, for your grandchildren, and how to utilize the Roth IRA for this purpose. We also talk about picking strategies for multiple accounts and how much of an effect small choices make over the years with compounding interest. We also look forward to the fast approaching Retiremeet and Paul gives us a small idea of what to expect from his presentation.Why to pick a Roth IRA over a 401(k).Investing for your grandchildren with the a Roth IRA.Deciding on levels of aggression for your investment strategy.The widening difference that occurs with compounding interest. Best practices for long term investing with regards to risk.More reasons why we like the Roth IRA as a long term option.Looking forward to the best and worst questions surrounding investments. A taste of Paul Merriman’s Retiremeet topic.
Money Thirty Podcast — https://www.moneythirty.com/Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/Paul Merriman — https://paulmerriman.com/ Merriman — http://www.merriman.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comRetiremeet North — http://www.retiremeet.com/MarketWatch — https://www.marketwatch.com/Dwight David Eisenhower — https://www.biography.com/people/dwight-d-eisenhower-9285482Dimensional Funds — http://dfaus.com/101 Investment Decisions Guaranteed to Change Your Financial Future — https://paulmerriman.com/101-investment-decisions/

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Cut Fund Costs May 08, 2018

Tom is joined by Paul Merriman again this week as Don is still traversing New Zealand in a camper-van. On today’s episode Tom and Paul look at the news regarding 2017’s mutual fund costs, talk about important phone calls, answer questions on real estate, retirement and index funds. As usual the emphasis is on long term, diversified, passive investments. Paul states that, on average, people overstate their returns, miscalculating them to their supposed advantage.Mutual fund costs drop in 2017.Know your costs, your fees and your expenses!The three phone calls that changed your life. Miscalculating your returns and the better than average rule. Why index funds are proven to give better returns than almost anything. The difficulties of purchasing real estate from a 401(k). The idea of turning assets into income in retirement. The life changing quality of equities!
Paul Merriman — https://paulmerriman.com/ Merriman — http://www.merriman.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comRetiremeet North — http://www.retiremeet.com/MarketWatch — https://www.marketwatch.com/Stan the Annuity Man — http://www.stantheannuityman.com/Your Money and Your Brain — https://www.amazon.com/Your-Money-Brain-Science-Neuroeconomics/dp/0743276698Morningstar — http://www.morningstar.com/General Electric — https://www.ge.com/

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Not a Toy May 07, 2018

Welcome to the Talking Real Money Podcast! We are once again joined by Paul Merriman, who will be helping us talk about all the things that matter to you most and field your questions about how to make the most of investments. Paul and Tom go through some information about mutual funds, annuities, show again why stock picking is a bad choice and tackle index funds. Paul also gives a teaser of what you can expect from him at the upcoming Retiremeet conference and we finish off getting a bit of background to his history in investing and discussing some ideas for improving today’s financial education, to better equip the younger generation. So if you would like to keep that finger on the money’s pulse, tune in!Some more information on last week’s social media bust-up.Why it’s okay to get mutual fund returns instead of trying to play the market. A special call from Don, all the way from New Zealand!Shopping around for annuities and the complexities of the subject.A taste of what Paul Merriman will be presenting at Retiremeet. Looking at some examples of stock picking.Comparing good options for index funds. Financing a problem-free retirement according to your needs. Low risk investment and the basics of the game.Some of Paul’s work since he sold his company.What’s missing from today’s financial education in universities.
Money Thirty Podcast — https://www.moneythirty.com/Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/Paul Merriman — https://paulmerriman.com/ Merriman — http://www.merriman.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comRetiremeet North — http://www.retiremeet.com/Money Magazine — http://time.com/money/Wall Street Journal — https://www.wsj.com/europeStan the Annuity Man — http://www.stantheannuityman.com/Warren Buffett — https://www.biography.com/people/warren-buffett-9230729Berkshire Hathaway — http://www.berkshirehathaway.com/Dimensional — https://us.dimensional.com/Bainbridge — http://www.bainbridge.com/

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A Dangerous Game May 01, 2018

Don is still away in New Zealand so today we welcome a very special guest and friend in the form of Paul Merriman. Paul will helping to field all the questions you may have regarding investing, stocks, bonds and the market in general and we sure are pleased to have him aboard for today. We chat about some of last week’s problems including a small issue that arose on social media. We challenge the notion of stock picking and even take a call on the subject. Paul and Tom also discuss mutual funds, cryptocurrencies and the necessity of a financial advisor before finishing off looking at social security and retirement. So if you want to get with the money and hear all the latest news, you know what to do, join us as we talk real money!Last week’s social media bust up and the problem with stock picking contests.Tom’s mistake from the last episode and setting the record straight. Introducing today’s special guest, Paul Merriman!Another point about stock picking and lottery. Looking at the legacy of mutual funds from 2003. Tom and Paul’s opinion on the speculative nature of cryptocurrencies. Losing on commodities and why this is similar to cryptocurrencies.Who does not need a financial advisor? When to take social security in relation to your retirement.
Talking Real Money — http://www.talkingrealmoney.com/Talking Real Money Quick — http://www.talkingrealmoney.com/talking-real-money/Money Thirty Podcast — https://www.moneythirty.com/Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/Bessembinder — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2900447Warren Buffett — https://www.biography.com/people/warren-buffett-9230729Paul Merriman — https://paulmerriman.com/Berkshire Hathaway — http://www.berkshirehathaway.com/Spiva Report — https://us.spindices.com/spiva/Morningstar — http://www.morningstar.com/John Oliver on Cryptocurrency — https://www.youtube.com/watch?v=g6iDZspbRMg401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comRetiremeet North — http://www.retiremeet.com/

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Look Farther Apr 18, 2018

Tom continues talking with securities attorney, Lawrence Cock. In this episode:The problem with short term, actively managed funds.Some information on home equity lines of credit and refinancing real estate.How to make decisions around housing when approaching retirement.Waiting on social security collection and weighing the benefits. Choosing between credit card debt and taking out a second mortgage. Clarifying the concept of capital gains. Inheriting benefits from IRAs and the social security grace period. And much more!
Money Thirty Podcast — https://www.moneythirty.com/Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comRetiremeet North — http://www.retiremeet.com/Warren Buffett — https://www.biography.com/people/warren-buffett-9230729Lawrence R. Cock — https://www.corrcronin.com/profiles/lawrence-r-cock/HELOC — https://www.bankrate.com/finance/topic/heloc.aspx

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Protect Yourself! Apr 18, 2018

With Don away in New Zealand for a rare holiday Tom is joined by securities attorney, Lawrence Cock to talk about the legal side of finances and how you can protect your wealth. In this episode:Why short-term returns are the wrong way to view your money.Following an academic approach to the market.Introducing this week’s guest star!Some of the financial scams that are currently making the round. Looking back at the greatest Ponzi scheme of all time.Real estate investing in Seattle and its returns.Investments that do not live up to expectations as a form of scamming. Recourse against fraudsters and submitting complaints to firms. The rights of minority shareholders and how to settle disputes. What to consider when hiring a fiduciary.Real estate financing and primary residential regulations.
Real Money Hotline — 855-935-TALK (8255)Talking Real Money — http://www.talkingrealmoney.com/Talking Real Money Quick — http://www.talkingrealmoney.com/talking-real-money/Money Thirty Podcast — https://www.moneythirty.com/Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comVFSTX — http://www.morningstar.com/funds/xnas/vfstx/quote.htmlRetiremeet North — http://www.retiremeet.com/The Wall Street Journal — https://www.wsj.comMarketWatch — https://www.marketwatch.com/Goldman Sachs Bank — http://www.goldmansachs.com/what-we-do/investing-and-lending/banking/Bankrate — https://www.bankrate.com/Financial Fysics — https://www.amazon.com/Financial-Fysics-Money-Investing-Really/dp/1453898557Paul Merriman — https://paulmerriman.com/Real Investing Journal “Own the Whole Planet” — https://www.realinvestingjournal.com/reports/2018/3/1/own-the-whole-planetAuckland Blues — http://theblues.co.nz/Auckland Aces — http://aucklandcricket.co.nz/about-auckland-cricket/aces/Seattle Times Retirement Article — https://www.seattletimes.com/business/how-not-to-run-out-of-money-in-retirement/New Zealand National Cricket Team — http://www.nzc.nz/

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Reaching for Return Apr 12, 2018

The best place to keep your savings with quick and easy access.Why interest rate changes might mean for your savings.High rates at Goldman Sachs bank.A couple of good resources for an introduction to investing.More info about Don’s upcoming holiday in New Zealand. Unloading stocks, penalties and the IRS protocols for profit. A discussion on the rules and culture of cricket. Seriously.When is a good time to retire?Soccer riots and why Tom couldn’t go to a Mexican soccer game.The problem with dual registration of investment advisors and stock dealers. Questions to ask about your so-called fiduciary advisor.
Real Money Hotline — 855-935-TALK (8255)Talking Real Money — http://www.talkingrealmoney.com/Talking Real Money Quick — http://www.talkingrealmoney.com/talking-real-money/Money Thirty Podcast — https://www.moneythirty.com/Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comVFSTX — http://www.morningstar.com/funds/xnas/vfstx/quote.htmlRetiremeet North — http://www.retiremeet.com/The Wall Street Journal — https://www.wsj.comMarketWatch — https://www.marketwatch.com/Goldman Sachs Bank — http://www.goldmansachs.com/what-we-do/investing-and-lending/banking/Bankrate — https://www.bankrate.com/Financial Fysics — https://www.amazon.com/Financial-Fysics-Money-Investing-Really/dp/1453898557Paul Merriman — https://paulmerriman.com/Real Investing Journal “Own the Whole Planet” — https://www.realinvestingjournal.com/reports/2018/3/1/own-the-whole-planetAuckland Blues — http://theblues.co.nz/Auckland Aces — http://aucklandcricket.co.nz/about-auckland-cricket/aces/Seattle Times Retirement Article — https://www.seattletimes.com/business/how-not-to-run-out-of-money-in-retirement/New Zealand National Cricket Team — http://www.nzc.nz/

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Risk or RISK? Apr 11, 2018

Don heads out on a three week vacation.Some more info on Don’s other podcast, "MoneyThirty".Who is the bad guy in Billions? How and where to allocate your money when investing.Replacing the ‘word’ risk with the word ‘volatility’. Where to start your retirement fund after college.Looking back at investments at the turn of the millennium. What’s wrong with index and variable annuities? Why to use a VTWSX and when is right time.
Talking Real Money —Delta Airlines — https://www.delta.com/Emirates - https://www.emirates.com/Talking Real Money Quick — http://www.talkingrealmoney.com/talking-real-money/Money Thirty Podcast — https://www.moneythirty.com/Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comRetiremeet North — http://www.retiremeet.com/Roundabout by Yes — https://www.youtube.com/watch?v=-Tdu4uKSZ3MDave Ramsey — https://www.daveramsey.com/Tim Ferriss - https://tim.blog/Warrior Wealth - https://www.warriorwealthsolutions.com/Billions - http://www.imdb.com/title/tt4270492/Morningstar — http://www.morningstar.com/VTWSX - http://www.morningstar.com/funds/xnas/vtwsx/quote.html

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The End Isn't Nigh Apr 10, 2018

Growing conservative with age and why this is not always a good for investments.Last week’s market plunge!Different approaches to IRAs and where to put your money.The retirement fund crisis and the what the US government might be doing about it. The insurance industry’s international power. A tough week on the stock market and is it really Armageddon? Why the markets feel volatile at the moment and why it’s part of the package. The new cryptocurrency index fund and putting your entire retirement at risk.Capital Economic’s newly published thesis on bitcoin. Our bitcoin update!
Real Money Hotline — 855-935-TALK (8255)Talking Real Money — http://www.talkingrealmoney.com/Talking Real Money Quick — http://www.talkingrealmoney.com/talking-real-money/Money Thirty Podcast — https://www.moneythirty.com/Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Vanguard — https://investor.vanguard.comRetiremeet North — http://www.retiremeet.com/T-Mobile - https://www.t-mobile.com/Delta Airlines — https://www.delta.com/Larry Swedroe — http://www.etf.com/contributors/larry-swedroe Index Fund Advisors - https://www.ifa.com/Hold Ten Private Index Fund - https://www.cnbc.com/2017/12/12/bitwise-hold-10-launches-crypto-index-fund-with-4-million-in-funding.htmlKingdom Trust - https://www.kingdomtrust.com/The Entrust Group - https://www.theentrustgroup.comCapital Economics - https://www.capitaleconomics.com/

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Prepare For Bouncing Apr 06, 2018

The markets at the moment and the troublesome first quarter of 2018.Building accounts that are prepared for volatility. Why you should still not being listening to Harry Dent. The problem with speculative stock broking.The so-called housing bubble and why to be cautious.Parabolic housing estimations and the unreliability of real estate.The MarketWatch list of the most popular books on investing.The problem with the majority of investment books. Don and Tom’s list of jobs in chronological order.

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Crypto Games Apr 05, 2018

An alternative Roth IRA for a younger person with a lower investment.Vanguard’s recent difficulties with customer service.A new cryptocurrency for video games called Quarters. Bill Ackman and an assortment of other scammers and swindlers. A little bit about a great new TV show called Dirty Money. Minimizing your operational expenses at Vanguard.Managing a tricky situation with a 403(b).A strategy for a 24 year old investment and which account to use.
Money Thirty Podcast — https://www.moneythirty.com/Real Investing Journal — https://www.realinvestingjournal.com/Vestory — https://vestory.com/401411 — http://www.401411.com/Diet Bitcoin — http://www.dietbitcoinico.org/Vanguard — https://investor.vanguard.comAcorns — https://www.acorns.com/Quarters — https://pocketfulofquarters.com/Flappy Bird — http://flappybird.io/I, Tonya — http://www.imdb.com/title/tt5580036/Billions — http://www.imdb.com/title/tt4270492/ Dirty Money — http://www.imdb.com/title/tt7889220/Bill Ackman — http://fortune.com/2018/02/28/bill-ackman-valeant-herbalife-short/Scott Tucker — https://www.bloomberg.com/news/articles/2018-01-05/payday-loan-mogul-trades-ferraris-racing-life-for-prison-termDavidson — https://dadavidson.comBankers Life — https://www.bankerslife.com/DFA — http://dfaus.com/Magellan — https://www.magellangroup.com.au/Retiremeet North — http://www.retiremeet.com/

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More Eggs, Better Baskets Apr 04, 2018

Why eggs are subsidized in most grocery stores.What happened to stocks and bonds in this scary first quarter.The big dip that Amazon and Facebook took in the last month. All new Diet Bitcoin! Same old diagnosis! Who knows what a cryptocurrency is? Explaining the the block chain and how it supports bitcoin and other cryptocurrencies.What is cryptocurrency really good for?Weighing up the load of your stocks in middle age.
Links Mentioned in Today’s Episode:Real Money Hotline — 855-935-TALK (8255)Talking Real Money — http://www.talkingrealmoney.com/Talking Real Money Quick — http://www.talkingrealmoney.com/talking-real-money/Money Thirty Podcast — https://www.moneythirty.com/Dow Jones 30 Industrial Average — https://www.marketwatch.com/investing/index/djiaCambridge Analytica Story — https://www.nytimes.com/2018/03/19/technology/facebook-cambridge-analytica-explained.htmlTrump Amazon Tweet — http://money.cnn.com/2018/04/03/news/companies/amazon-stock/index.html401411 — http://www.401411.com/Diet Bitcoin — http://www.dietbitcoinico.org/Pablo Escobar — https://www.biography.com/people/pablo-escobar-9542497Narcos — http://www.imdb.com/title/tt2707408/Vestory — https://vestory.com/John Oliver on Cryptocurrency — https://www.theguardian.com/tv-and-radio/2018/mar/12/john-oliver-last-week-tonight-cryptocurrencyReal Investing Journal — https://www.realinvestingjournal.com/Vanguard — https://investor.vanguard.com

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Guaranteed? Really? Mar 30, 2018

In this episode we carry on with the ongoing inspection of the last week’s market downturn. Then, we remind all of our listeners, even though at this point they should know, not to believe the hype. When the schemers and scammers come for you with deals to good to be true, chances are it is. Our hosts remind us of the flimsiness of the word ‘guaranteed’, so be wary of this particular and popular word when it comes to investment advice. We also look at the different types of bonds available and talk about which ones you should be aiming to invest in. Lastly, we have a look at cryptocurrency. Again, beware! If it were up to us, you would leavethem all alone.Key Points From This Episode:Falling prey to Ponzi schemes and scammers!Why to distrust guarantees and the problem with the word in general.The biggest contemporary scam and why you should call us before agreeing.Putting last week’s stock market drops into context.What to do in the face of a bear market.Short and intermediate term bonds and the benefits of these.Volatility of stocks versus the foundational character of bond investments.Again! Do not worry too much about the Dow Jones 30 Industrial Average!Why this radio show has become a podcast now and some info on Don’s other podcast.The financing podcast promotion scammers.Getting a beach towel as a gift from Google.Cryptocurrency and the bubble that is about to burst.The problem with the popular tactic of trying to beat the market.

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The Bad Week Mar 29, 2018

On today’s show we will be tackling last week’s bad, bad, bad week on the market. Was it that bad? Maybe not as bad as you thought. Don and Tom break down why this week’s drops should not have you running for the hills before looking at some of the common mistakes made by their, not so great, rivals, other finance podcasts. They look at managed brokerage accounts and give out some free, unsolicited advice for job seekers! The hosts answer a question about a real estate investment with a few problems and comment on the current state of fiduciary standards. Lastly our fearless team take a few shots at the scammers, gold diggers and general up to no good investors out there so you don’t get duped! So tune in and stay up to date with where the real money is!Key Points From This Episode:Why you should not be freaked out by the declines this week.Stocks, gold and Bitcoin last week.Some mistakes other investment podcasts are making.Managed brokerage accounts and when to use them.Some career and job hunting advice from the hosts.Sorting out a real estate investment that has gone a but south.Fiduciary standards and the current the rulings that are in process.The biggest problem facing the financial services industry.Dated approaches to money and the financial media’s problems. Scams of the day and the legitimate-likeness.And much more!

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