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Talking Real Money - Investing Talk

Quality Qs

Talking Real Money - Investing Talk

Don McDonald

Investing, Education, Business, How To

4.5810 Ratings

🗓️ 11 November 2022

⏱️ 29 minutes

🧾️ Download transcript

Summary

Another Friday means more of your questions and Don's answers: Should an old Empower managed 401k be moved to IRA? How is a pension added to retirement calculation? Should a Thrivent fund be moved to a low-cost index fund? Where is our live video show? What can be done with an extra $4.37 left in old IRA? If Jeff Bezos invested everything in the total stock market what would happen? Is the 4% Rule just a ruse to help financial advisors? Should 403b money be transferred into an indexed...

Transcript

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0:00.0

Reality Radio for a really great future. We're talking real money.

0:10.4

Well, TGQAF, all of you, and got its question and answer Friday. Should that be TGIQAF?

0:19.5

Ooh, Ticwaf.

0:22.3

It's Ticwaf.

0:26.3

I love Q&A Friday because we get some really interesting questions.

0:32.3

Okay, we get some really bad ones too, but I'm not going to criticize anybody specifically,

0:39.1

but we get some pretty good ones that help us nicely illustrate so many of the problems inherent in the financial services industry. Oh, by the way, welcome to the Talking Real Money Friday podcast.

0:44.5

I am Don McDonald. I'm so glad you were able to listen, that you found the podcast and you

0:51.9

listened to it. And I hope you'll keep doing that.

0:56.1

And I hope you call us with the questions, too, because we answer questions here on

1:00.6

Q&A Friday.

1:02.2

We also answer questions on our live show on Saturdays, which airs from noon to two,

1:10.5

Pacific time, three to five Eastern. and you can listen to the live feed of

1:14.1

that at Talking Real Money.com, a lot of other places, too. And you can call us with your questions

1:19.3

during that show at 855935 Talk. That number is also good, though, to call in questions

1:25.5

to this edition of the podcast, because we record

1:31.1

them and then use them. And there's another way to do it, too. You just go to talking realmoney.com,

1:36.7

talking realmoney.com, go to the contact form, and you can record a question like this.

1:42.9

Hey, fellas. I had my previous job, I had a 401k and they were using

1:46.8

a power to manage the account. I have a new job now and started up a 401k with them and they're

1:54.4

also using Empower. So I have both accounts in the same Empower dashboard. And I heard on a previous podcast that maybe having a 401k that's not being used anymore

2:10.4

as inefficient as far as fees go.

...

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