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? Learn more about your ad choices...
Mar 15, 2024•28 min•Transcript available on Metacast 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? Learn more about your ad choices. Visit megaphone.fm/adchoices
Mar 14, 2024•27 min•Transcript available on Metacast 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 f...
Mar 13, 2024•46 min•Transcript available on Metacast 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. Ho...
Mar 12, 2024•45 min•Transcript available on Metacast With Retiremeet, question flow increased. So, we added a special Monday Q&A Edition with Tom and Don. Learn more about your ad choices. Visit megaphone.fm/adchoices
Mar 11, 2024•28 min•Transcript available on Metacast 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. Learn more about your ad choices. Visit megaphone.fm/adchoices
Mar 08, 2024•20 min•Transcript available on Metacast 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)? Learn more about your ad choices. Visit megaphone.fm/adchoices
Mar 07, 2024•27 min•Transcript available on Metacast 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 deductio...
Mar 06, 2024•46 min•Transcript available on Metacast 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? Learn more about your ad choices. Visit megaphone.fm/adchoices
Mar 05, 2024•47 min•Transcript available on Metacast 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? Learn more about your ad choices. ...
Mar 04, 2024•28 min•Transcript available on Metacast 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. Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 29, 2024•28 min•Transcript available on Metacast Here is the second part of our annual Retiremeet episode featuring a short visit from Paul Merriman and a few of your questions. Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 28, 2024•46 min•Transcript available on Metacast 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. Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 27, 2024•47 min•Transcript available on Metacast 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? Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 26, 2024•26 min•Transcript available on Metacast 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. Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 23, 2024•24 min•Transcript available on Metacast 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? Learn more ab...
Feb 22, 2024•45 min•Transcript available on Metacast 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? Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 21, 2024•47 min•Transcript available on Metacast 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? Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 20, 2024•28 min•Transcript available on Metacast 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? Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 16, 2024•19 min•Transcript available on Metacast 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? Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 15, 2024•25 min•Transcript available on Metacast 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, Pa...
Feb 14, 2024•46 min•Transcript available on Metacast 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? Learn more about your ad choices. Visit ...
Feb 13, 2024•47 min•Transcript available on Metacast 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? Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 12, 2024•28 min•Transcript available on Metacast 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? Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 09, 2024•23 min•Transcript available on Metacast 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. Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 08, 2024•24 min•Transcript available on Metacast 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 "investmen...
Feb 07, 2024•47 min•Transcript available on Metacast 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? Learn...
Feb 06, 2024•46 min•Transcript available on Metacast 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 o...
Feb 05, 2024•29 min•Transcript available on Metacast 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. Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 02, 2024•15 min•Transcript available on Metacast 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? Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 01, 2024•26 min•Transcript available on Metacast 
