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? Learn more about your ad choi...
Feb 08, 2023•22 min•Transcript available on Metacast 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...
Feb 07, 2023•39 min•Transcript available on Metacast 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 ...
Feb 06, 2023•41 min•Transcript available on Metacast 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? Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 03, 2023•20 min•Transcript available on Metacast 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? Learn more about your ad choices. Visit megaphone.fm/adchoice...
Feb 02, 2023•21 min•Transcript available on Metacast 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? Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 01, 2023•21 min•Transcript available on Metacast 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? Learn more about your ad choices. V...
Jan 31, 2023•40 min•Transcript available on Metacast 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? Learn more about your ad choices. Visit megaphone.fm/adcho...
Jan 30, 2023•40 min•Transcript available on Metacast 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. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 28, 2023•22 min•Transcript available on Metacast 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? Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 27, 2023•25 min•Transcript available on Metacast 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? Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 26, 2023•22 min•Transcript available on Metacast 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. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 25, 2023•21 min•Transcript available on Metacast 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 ...
Jan 24, 2023•47 min•Transcript available on Metacast 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 Sc...
Jan 23, 2023•43 min•Transcript available on Metacast 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? Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 20, 2023•28 min•Transcript available on Metacast 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. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 19, 2023•20 min•Transcript available on Metacast 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. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 18, 2023•20 min•Transcript available on Metacast 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 inf...
Jan 18, 2023•45 min•Transcript available on Metacast 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 b...
Jan 16, 2023•45 min•Transcript available on Metacast 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 toleran...
Jan 13, 2023•31 min•Transcript available on Metacast 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? Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 12, 2023•20 min•Transcript available on Metacast 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? Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 11, 2023•20 min•Transcript available on Metacast 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 North...
Jan 10, 2023•44 min•Transcript available on Metacast 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 ...
Jan 09, 2023•45 min•Transcript available on Metacast 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? Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 06, 2023•26 min•Transcript available on Metacast 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? Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 05, 2023•23 min•Transcript available on Metacast 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 str...
Jan 04, 2023•45 min•Transcript available on Metacast 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 ...
Jan 03, 2023•41 min•Transcript available on Metacast 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? Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 02, 2023•26 min•Transcript available on Metacast 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 h...
Dec 30, 2022•41 min•Transcript available on Metacast 
