4.2 • 680 Ratings
🗓️ 25 June 2020
⏱️ 7 minutes
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0:00.0 | The five pound meal deal from McDonald's. |
0:02.0 | Get a cheeseburger or mayo chicken, medium fries, four McNuggets and a medium soft drink for guess what? |
0:08.0 | That's right, five pounds. |
0:10.0 | It's not called the five pound meal deal for nothing. |
0:14.0 | From 11 AM, not available on delivery. |
0:16.0 | Carbonated soft drink upgrade fees apply. |
0:18.0 | Participating restaurants, subjects, availability. |
0:27.7 | Reality Radio for a really great future. |
0:29.8 | We're talking real money. |
0:32.4 | Hi, I'm Tom Cock. |
0:40.3 | In the financial planning, financial advice industry, that word sort of always will always get you in trouble, right? The generalization, the everybody should do this with a very few exceptions. |
0:47.9 | I mean, really should always use index or index like funds. You really always should be |
0:53.6 | globally diversified. You really always should be globally diversified. You really always |
0:55.5 | should keep your cost low. Once you get past that, it gets murky. So there's a lot of concern when |
1:01.5 | the high profile people make these blanket statements. And one of those high profile people, |
1:08.4 | in fact, she's even called in the article, Personal Finance Celebrity, Susie Ormond, or as my mother used to call her, |
1:15.5 | Sousie Orman says retirement saver should steer clear of traditional accounts, |
1:22.0 | in other words, sort of pre-tax savings, and put it all into Roth, |
1:26.2 | especially during the global pandemic. Now, I have no idea |
1:29.7 | what the especially during global pandemic means. I'm going to set that aside. I don't know |
1:34.4 | where that comment comes from. But should everyone just be saving post-tax money into their |
1:42.1 | retirement accounts? Is it really as easy as all of that? |
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