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Talking Real Money - Investing Talk

Expensive Retirement Plans

Talking Real Money - Investing Talk

Don McDonald

Education, Investing, Business, How To

4.5811 Ratings

🗓️ 24 April 2024

⏱️ 42 minutes

🧾️ Download transcript

Summary

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/adchoicesQuestions? Comments? Click!

Transcript

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0:00.0

Reality Radio for a really great future.

0:08.0

We're talking real money.

0:10.3

Hey there.

0:11.3

Hi, everybody.

0:12.1

Welcome to the Talking Real Money Radio show, soon to be podcast.

0:16.7

It's a multi-purpose gathering of financial information and education to help make you a better

0:26.1

spender, saver, earner, investor, portfolio manager, maybe.

0:33.1

And just try to make all this stuff make sense because it's so blasted confusing. It really is

0:39.0

too complicated for most of us to want to even deal with it. That's why we don't like talking about

0:46.4

money, but we want you to talk about money with us here on the show, and our phone number is

0:50.5

855-935-935-8-25-8-25-5. Now, I know we're on the radio in the Pacific Northwest,

0:59.5

and it is what kind of a day, Tom? It's now turning partly cloudy.

1:05.9

But what is most of that light? Sunshine on my shoulder. For those of you who aren't familiar with the Seattle area, the Pacific Northwest,

1:15.6

they, they, we and the rest of the country go partly cloudy.

1:19.6

Partly means a little bit of clouds and you got a lot of sun.

1:23.6

There, they talk about sun showers with an occasional sun shower. And I'm going, what does

1:30.0

that mean? That means the sun's going to peek out for a second and splatter you with just a little bit of

1:34.6

warm. And that'll hold you over until late June. It'll be okay. So today, it's a beautiful day.

1:42.5

It is a nice day here. It is. That means people aren't locked in their houses on a jury.

1:49.6

People turn their attention to other matters.

1:51.0

Yes, I give you that.

1:51.8

And so that means you have the opportunity of a lifetime.

...

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