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Talking Real Money - Investing Talk

Okay, Boomer

Talking Real Money - Investing Talk

Don McDonald

Education, Business, Investing, How To

4.5811 Ratings

🗓️ 27 April 2026

⏱️ 30 minutes

🧾️ Download transcript

Summary

Boomers take the blame (with a grin) while unpacking the real retirement mistakes that still trip people up today—failing to plan, claiming Social Security too early, relying on bad advice, and mismatching portfolios to actual needs. The episode leans hard into practical fixes: delay Social Security when it makes sense, build a real financial roadmap, ignore friends-as-advisors, and understand the difference between savings and portfolio strategy. A listener question adds clarity on when (and...

Transcript

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0:00.0

Your guides to a really great financial future. Tom and Don are talking real money.

0:12.2

Okay, boomer. Yeah, I know. You millennials, you don't want to be like us and pretend and the younger ones forget about them.

0:22.4

Boomers, they messed everything up.

0:24.4

They destroyed the world.

0:25.6

Yes, yes, we admit it.

0:27.4

As we're about to leave this mortal coil, we will finally admit, yes, it's all our fault.

0:33.7

We made all the mistakes and we're going to share those with you so you don't make the same

0:37.5

mistakes. And since this is a show about money and retirement and planning for that thing,

0:42.8

I guess we should probably share with you those. My goodness, there are huge mistakes that us

0:50.2

dumb boomers made. Hi everybody. I'm Don McDonald. That guy over there, a mere 3,000 miles away from me,

0:58.8

sitting right in front of me somehow is Tom Cock.

1:01.9

And you're listening to Talking Real Money of the podcast.

1:04.9

So let's talk about the mistakes, Tom.

1:07.3

What did we do wrong this time?

1:09.6

First, I just want to say, we had fun doing it.

1:11.6

We sure did.

1:12.6

We sure did.

1:13.6

Is that the, look at what we're leaving you, you know, piles of debt, the ecological disaster, all those things. But it was fun to get here.

1:23.6

Global warming. That's us.

1:24.6

Oh, yeah. Okay. A little thing we throw in line. This is a fascinating

1:28.3

topic because we've, as we've discussed ad nauseum, families and money, for one thing, not easy.

1:35.6

Children and adult children and very adult parents to discuss money even harder. But there's about six out of ten people who are retired say they have regrets about

...

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