Big Q&A DAY

Talking Real Money - Investing Talk

Don McDonald

Business, Education, Investing, How To

4.2 • 680 Ratings

🗓️ 11 July 2025

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Don tackles six listener questions in a rare full-stack Q&A Friday. He breaks down a shady universal life insurance pitch, dismantles the myth of “smart” market timing with limit orders, and offers clarity on Roth conversions, rebalancing strategies, and inherited IRA hacks. A master class in how to stop making dumb money moves. 0:04 Intro – Friday Q&A episode with a goal: 6 questions in one show 1:18 How to ask your questions (and why spoken questions get on air) 2:55 Rachel (NC): Friend sold a $7,000+/yr universal life policy — is it a scam? (Yes) 4:09 Breakdown of how much goes to commissions, costs, and investments in year one 6:44 Better choice: Buy term and invest the difference 8:47 Backdoor Roth IRA Timing: Can I convert a 2025 non-deductible IRA in 2026 and still have it count for 2025? (Sort of, but not really) 11:08 Andrew: Used a limit order during market dip to rebalance — did it work or just get lucky? 14:22 Why timing systems (even “disciplined” ones) fail over time 15:23 S&P 500 Addition Bump: Can you profit from companies added to the index? (Unlikely) 17:37 Tesla example and the dangers of trying to front-run institutional traders 18:22 Casey in Albuquerque: What does rebalancing really mean? (All of it—stocks/bonds, small/large, U.S./intl.) 21:21 Eric: Can you offset inherited IRA RMDs by making IRA/401(k) contributions with that income? (Yes, if within limits) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	I had the absolute pleasure of speaking to Pamela Anderson.
0:04.2	All thanks to the Dove Self-Eesteem Project.
0:07.1	We speak about the impact Y2K has had on women's body confidence and how Pamela has regained control.
0:12.9	The Dove Self-Esteen project is an amazing initiative supported by science-backed methodology
0:17.8	to help us improve our relationship with our bodies.
0:20.8	To find more
0:21.4	body confidence-building exercises, go to dove.com forward slash Y2K. That's Y2K spelled W-H-Y2K.
0:34.7	Reality Radio for a really great future.
0:38.0	We're talking real money.
0:40.2	Well, it's the question and answer edition of Talking Real Money coming your way.
0:44.7	It goes up on Friday, so we call it the Friday Q&A.
0:49.0	Hey, everybody, I'm Don McDonald.
0:50.3	Thank you so much for listening to our podcast and for all the great questions,
0:57.8	because we really are getting a lot of great questions. And I like that. It allows me to do like
1:03.4	I'm going to try and do today. And that is fit six questions in to the podcast, six questions.
1:10.7	I don't know that I've ever done a six question Friday. I might have done one.
1:15.2	So we're going to do one now. Now, if you want to ask questions, there are several ways to do it.
1:20.2	The one that most people use is just going to talking realmoney.com, clicking the contact us button and then either typing in a
1:29.1	question, which way too many of you do, or speaking it in, which allows me to do them on this
1:35.6	edition of the program. So speak them in if you want them on the Friday edition, type them in
1:40.4	if you want them some other time. Tom gets that pile and I don't know what happens to them.
1:44.2	We eventually answer them.
	...

Transcript will be available on the free plan in 23 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Don McDonald, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Don McDonald and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.