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Talking Real Money - Investing Talk

The Mammoth in the Room

Talking Real Money - Investing Talk

Don McDonald

Education, Investing, Business, How To

4.5811 Ratings

🗓️ 1 April 2024

⏱️ 30 minutes

🧾️ Download transcript

Summary

You can probably stumble through most of your financial life. The one money need for which you must plan is retirement. Today, we discuss some of the most important things you must do to retire comfortably. Plus, we answer your questions: How should money from a maturing annuity be invested? Why should we invest in Avantis ETFs when they don't have a long track record? 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.

0:10.6

Well, welcome to our little podcast again.

0:13.3

Hi, everybody.

0:14.3

It's the Talking Real Money podcast.

0:17.3

I'm Don McDonald in Florida.

0:19.6

That's Tom Cock in the outskirts of Seattle. Bellevue,

0:24.0

which is a giant city in its own right these days. How big is Bellevue, by the way?

0:28.9

Well, it goes past the door here. I know that. Other than that, I don't know. I don't get out a lot.

0:33.2

You do not know. No, I don't. I shouldn't. The Pacific Northwestern or you are, you do not know?

0:39.8

I'll say 200,000.

0:57.5

I bet it's bigger than that. But we'll find out. We'll check it out before the show's over. I will. I'll check it out. Hi, everybody. Welcome to the big show. This is the show where we deal with dough. we spend a ton of time talking about saving and investing the money that you will need for that big future goal.

0:59.0

The biggest one of all.

1:03.3

It's the 800-pound gorilla.

1:07.1

It's the 32-ton giant woolly mammoth. It is huge.

1:08.8

It is the time when you're going to need a ton of money. We call it

1:14.7

retirement. And in retirement, something people didn't do back in the old days much. A few of the rich

1:20.8

did, but they were already rich, so who cared? Most working people, they just died on the job.

1:25.8

But today, we get to retire, and we get to retire sometimes for a very long time,

1:31.1

which requires an income stream over and above Social Security.

1:36.0

That's why we try to help you get there better.

1:38.3

But it's not linear.

...

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