IRAs Losing Billions

Talking Real Money - Investing Talk

Don McDonald

Education, Business, Investing, How To

4.5 • 811 Ratings

🗓️ 1 August 2024

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, Don is dealing from Deadwood, South Dakota: 2:05 Answering Money Questions on the Move 11:48 Investing Dilemma: What to Do with $50,000? 15:13 Overcoming Hodgepodge-itis 20:13 Annuitizing Annuities: A Dubious Deal 26:21 The Risks of Annuities and Index Funds 35:09 Dangers of Misguided Advisor Recommendations 37:17 Red Flags in Investment Advice 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.
0:10.5	Hi, everybody. I'm Don McDonald up in the mountains outside of Deadwood, South Dakota,
0:15.7	which is why you might hear an occasional digital glitch.
0:19.3	Hi there. Tom, that was Tom. Tom's there. Hi, Tom.
0:22.6	Yeah. Hi. Yeah, I was waiting. So there you are.
0:25.7	How's everything in Seattle?
0:29.6	It's gorgeous, beautiful afternoon, typical late July day and millions of people,
0:36.0	well, maybe not millions, hundreds, maybe not a few people
0:39.5	are waiting outside the studio for you to arrive here in a couple weeks.
0:42.7	So they're kind of lined up.
0:44.9	I guess they're hoping for good weather.
0:46.2	No people are there.
0:47.3	Zero people.
0:48.1	No, you saw a guy drive by right there.
0:51.0	That's because it's North Upway.
0:52.8	There are people.
0:53.8	There are a lot of people
0:54.7	who drive up and down north of way oh i assume they were okay you're right i could be out there
1:00.2	yeah i'm traveling across the country uh in uh just up in the mountains i'm i'm impressed i got a good
1:06.4	wifi signal i'm just not it's not perfect but it's good good enough. And then continuing to head to in the next couple days through Wyoming.
1:17.4	Go west, young man. Wyoming. And then maybe a little corner of Montana there, possibly, a little bit of Idaho.
	...

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