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Talking Real Money - Investing Talk

Financial Fee Blindness

Talking Real Money - Investing Talk

Don McDonald

Education, Business, Investing, How To

4.5811 Ratings

🗓️ 30 December 2022

⏱️ 40 minutes

🧾️ Download transcript

Summary

Most people have no idea how much they are paying for their investments and investing advice. In this case what you don't know can really hurt you in the future. Plus Tom gets a surpriningly larger number of holiday calls: One listener call him out for using the show to get out of holiday choses and also seeks advice on fixing a bad mortgage loan. Another wants to know more about tax-loss harvesting. One caller wants to talk about qualified charitable distributions (QCDs). Tom helps figure out how to transfer old work retirement plans. Finally, he takes a question on the impacts of an inheritance. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Rated T for Teen.

0:01.7

Each year, thousands of adults lose their shred.

0:05.1

It's an epidemic simply known as shred loss, but it doesn't have to be this way.

0:09.2

Because rekindling your shred is as easy as playing the new Tony Hawk's Pro Skater 3 and 4.

0:13.7

With new parks, cross-platform multiplayer, and sick new game modes,

0:18.9

we can put an end to shred loss everywhere.

0:22.2

Hit the new Tony Hawk's Pro Skater 3 and 4 and show the world that the shred's not dead.

0:26.4

Pre-order Tony Hawk's Pro Skater 3 and 4 and play the foundry demo.

0:33.2

Reality Radio for a really great future.

0:36.1

We're talking real money.

0:39.0

Hey, happy holidays from all of us here at talking real money.

0:44.4

I'm Tom Cock, Don McDonald, has the day, kind of the day off, called us last hour.

0:49.2

Let's hope he doesn't repeat that with a different name since it took me about three minutes to figure out that it was him.

0:54.4

So, but you're out there, you know, doing all the things today that maybe you wanted to do yesterday because

0:59.3

basically you were immobile. Wow, what a very strange day for Seattle to have an ice storm like that that

1:06.6

really literally shut every single thing down, buses, airports, very unusual. So here we are

1:14.4

live. That's right, the 24th of December, 2022 talking about money and the program is about you.

1:21.8

So ring me up. 855-935-8255. That's9-35-8-25-5. As Don said, the bribe remains in effect. I will send a

1:33.2

Talking Real Money T-shirt to you if you call and ask a question. So please do that. Again,

1:39.9

855-935 talk. And I always find these things fascinating when they do surveys of investors

1:46.5

and ask them specific questions about money. And this one was about fees. They ask people,

1:54.1

how much you're paying in fees? And astoundingly, one out of five people they surveyed said they don't pay fees.

...

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