Income Generation

Talking Real Money - Investing Talk

Don McDonald

Business, Education, Investing, How To

4.2 • 680 Ratings

🗓️ 14 July 2025

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tom returns from his surprise Canadian adventure and the duo dive into the age-old retirement question: How do I get my money out? They break down the three most common withdrawal strategies—dividends, total return, and hybrid—and make the case for why a well-managed total return strategy usually comes out on top. Listener questions cover Roth IRA gifts to a niece, inherited IRA distribution rules, Paul Merriman’s small-cap stance, and whether long-term care insurance is a smart bet or an emotional security blanket. 0:04 Tom’s Canadian re-entry, Uber tally, and chocolate croissant confessions 1:27 Intro to retirement income strategies: the great withdrawal confusion 2:52 Strategy #1: Living off dividends—why it’s flawed and risky 5:19 Strategy #2: Total return—rebalancing for sustainable income 8:07 Strategy #3: Hybrid approach—Don’s skeptical take 10:51 Listener Q&A: Best way to gift a Roth IRA to a 30-year-old niece 12:01 IRA inheritance rule: what happens if the inheritor dies 13:33 Paul Merriman’s international small-cap comment clarified 16:44 Federal retiree asks about withdrawal order; daughter’s international allocation 24:28 Long-term care insurance: practical planning or expensive gamble? 27:35 How to get a free, pressure-free portfolio review from the team Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Rated T for Teen.
0:02.0	Each year, thousands of adults lose their shred.
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0:21.7	get the new Tony Hawk's Pro Skater 3 and 4 and show the world that the shred's not dead
0:26.2	get Tony Hawk's Pro Skater 3 and 4 available now reality radio for a really great future.
0:37.9	We're talking real money.
0:40.5	Wait, hold on.
0:42.0	There's something amiss here.
0:44.2	Haven't I been doing the show alone for like ever?
0:48.0	Who let someone in my studio?
0:50.2	Oh, wait, I vaguely remember you.
0:53.2	That's Tom. Oh, hi, Tom. Welcome remember you. That's Tom.
0:55.4	Oh, hi, Tom.
0:56.2	Welcome to Talking Real Money.
0:57.4	Back from an unexpected visit to Canada, which is touching in some ways because I don't get to see the country to our north that often.
1:08.7	47 chocolate croissant and also 31 Uber rice.
1:13.5	Oh, wait. You had chocolate croissant?
1:15.1	Yeah, chocolate. Oh, yeah. Chocolate.
1:16.6	If you're going to have one, you may as well have chocolate.
	...

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