Talking Real Money - Investing Talk

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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?  Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Visit megaphone.fm/adchoices

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

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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

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

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

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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

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. Visit megaphone.fm/adchoices

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

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

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

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

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

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 about your ad choices. Visit megaphone.fm/adchoices

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

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

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

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

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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 megaphone.fm/adchoices

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

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

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

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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

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

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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)? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices

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? Learn more about your ad choices. Visit megaphone.fm/adchoices