Gold's Empty Promise

In this episode of the podcast we are steering you away from the troubled waters of shady advisors and bad investments. Don and Tom take a few calls about correcting your investment path, the reality of gold and precious metal investments.. The duo also discuss the state of Seattle’s pension fund, Don’s book, and bitcoin. The episode finishes off with an invite to their next event, The Science of Retirement Investing, which is happening in June and will, like this show, help you prepare for a financially secure future.

  • The recent Seattle City pension fund debacle.
  • Don and Tom’s free advice for those in charge of pensions in Seattle.
  • How to get ahold of Don’s book, Financial Fysics
  • The continuation of Mary’s question from the last episode. 
  • Finding the right advisor for your needs and comfortability.  
  • The danger of precious metal investments.
  • What in the world is bitcoin art?
  • Mining asteroids for gold and other minerals!
  • More flimsy cryptocurrency options that you should ignore. 
  • Some information on the upcoming Science of Retirement Investing lunch. 
  • A quick look at bitcoin’s recent chart.

It's the Tax Scam

In this episode of Talking Real Money our hosts take a look at some particularly tricky investment questions. Tom gives some advice on how to not get scammed by people claiming to be the IRS. We then look at short term plans, recent interest rates, college funds and dispel any myths around energy investments! Don helps answer a query about real estate and when to pivot from a your own personal investment strategy and why. We end off with a caller whose story reiterates our main point: only take advice from fee-only fiduciaries!

  • Tom’s ‘troubles’ with someone claiming to be ‘internal revenue service’.
  • Short term policies and why they are usually expensive. 
  • Interest rates and the recents rises this year. 
  • The GET Program and it’s utility in saving for your education. 
  • Comparing a savings account with a short term, bond investment fund. 
  • Why to stay away from energy partnerships!
  • Weighing the pros and cons of selling a rental property. 
  • Another story that illustrates why you need a fee-only fiduciary.
  • Switching strategies and manages your investment tactics. 

Being Actively Drained

In this episode our hosts advise you to stay away from actively managed funds! Don and Tom look at the recent Seattle pension debacle before looking at emerging market funds and which give the best returns. We also cover some questions on payouts, rollovers and how to view investment in your 20s. The episode finishes off with a reminder about how volatility relates to investment returns.

  • How to invest a company payout smartly.
  • Weighing up 401(k) and IRA accounts.
  • Rollovers and transfers in IRAs and how to do them safely.
  • When to move funds from a 401(k) to a Roth IRA for tax reasons.
  • Why younger investors should not focus on bonds.
  • The Seattle pension problem.
  • Comparing a few emerging market funds.
  • The correlation between volatility and returns.

Avoid Bad Advice

In this episode, Don and Tom want to keep you from falling victim to a Ponzi scheme or greedy stock brokers. Their advice: Stick to fee-only fiduciaries and keep those investments as diversified as possible. We look at how to check up on possible advisors using BrokerCheck, answer some questions on stable value funds and bonds indexes, look at the state of pensions in Seattle and advise that if you want to play the market you might as well head off to the casino.

  • The reason why people like Bernie Madoff are not more uncommon.
  • Using BrokerCheck to your investment advantage.
  • Do not get caught out by the multitude of Ponzi schemes out there.
  • A reminder about the Vestory risk quiz and how easy it is to take it.
  • Don looks back on his dark history as a broker.
  • Some traveling advice on shuttles from Don and his trip.
  • A strange similarity between index funds and Uber rides. 
  • The differences between a fee-only fiduciary and a stock broker. 
  • Choosing between a stable value fund and a bond index fund. 
  • Is there an alternative to equities?
  • Seattle’s pension problems and what this shows us. 
  • Why picking stocks is no better than going to the casinos. 
  • How to get ready for retirement the smart way. 

Reasonable Returns?

In this episode, Don and Tom look at reasonable portfolio returns, the 2008 crash and, of course, cryptocurrency. The duo continue to explain the use of intermediate bond funds in getting your investments ready for retirement.

  • Returns on portfolios and weighing good percentages.
  • Why you can make more than 5% a year on a diversified portfolio.
  • The risk quiz and why everyone should take it.
  • Remembering the 2008 market crash and its legacy. 
  • Looking at how many times bitcoin has dropped a large percentage of its value. 
  • Intermediate bond funds and balancing your risk.
  • Estimating what you need so that you do not lose what you have.
  • Looking ahead to unencumbered finances after your dependents have graduated.

Special Investor?

Don't learn the hard way. There are no special investment for "special" people. Today on the show, Don and Tom help you to avoid falling victim to a Ponzi scheme or greedy stock brokers. We look at how to check up on possible advisors using BrokerCheck. Don and Tom answer some questions on stable value funds and bonds indexes, look at the state of pensions in Seattle and advise that if you want to play the market you might as well head off to the casino.

  • Some information on penguins and their swimming habits.
  • The reason why people like Bernie Madoff are not more uncommon.
  • Using BrokerCheck to your investment advantage.
  • Do not get caught out by the multitude of Ponzi schemes out there.
  • A reminder about the Vestory risk quiz and how easy it is to take it.
  • Don looks back on his dark history as a broker.
  • Some traveling advice on shuttles from Don and his trip.
  • A strange similarity between index funds and Uber rides. 
  • The differences between a fee-only fiduciary and a stock broker. 
  • Choosing between a stable value fund and a bond index fund. 
  • Is there an alternative to equities?
  • Seattle’s pension problems and what this shows us. 
  • Why picking stocks is no better than going to the casinos. 
  • How to get ready for retirement the smart way. 

Retiremeet Q&A

This episode features a panel of experts from Retiremeet North, Harlan Accola from Fairway Mortgage, Rick Gregorek from Gregorek and Associates, Paul Merriman formerly of Merriman, Don McDonald, and Tom Cock.

  • The most difficult decisions we see people make as they get close to retirement.
  • Understanding the mental shift required to spend home equity.
  • Overcoming the fear of action and breaking free of planning paralysis.
  • How to end your reverse mortgage prior to selling your house.
  • The most common information a client omits/forgets to tell an advisor.
  • Learning to foresee potential problems that can arise when writing your will.
  • The best way to set up power of attorney with multiple agents. 
  • What you should be looking for when choosing a new financial advisor. 
  • Truly understanding the definition of a fiduciary relationship.
  • Utilizing real estate as part of your long-term strategy to build passive income. 
  • The difference between a reverse mortgage as a home equity and a regular home equity.
  • Incorporating Publicly traded Real Estate Investment Trust (REITs) in your portfolio.
  • Understanding sector funds and why it is an over-weighted, gamble of an investment.
  • The pros and cons of market cap-weighted index funds versus ones that are not.
  • Why artificially impoverishing yourself to get on Medicaid is a matter of ethics.
  • The best two-minute advice from our panelists to get prepared and ready for retirement.

Retiremeet Classes

This episode is the second part of live recording at the Retiremeet North Conference and on today’s roster of speakers we have Harlan Accola from Fairway and Rick Gregorek from Gregorek and Associates. Harlan is an expert author and advisor on reverse mortgages. He explains how to use these products and clear up all confusion about reverse mortgages. Rick covers the topics of estate planning, putting together a team of advisors, the different retirement plans you can choose from and he even quickly looks at Medicaid.

  • Introducing our first guest in today’s episode, Harlan Accola.
  • Common misconceptions about reverse mortgages.
  • Some information Harlan’s book on home equity and reverse mortgages.
  • When to stop putting your money into equity and why.
  • Why reverse mortgages are a part of a diversification strategy.
  • The worthlessness of equity when you go into retirement.
  • Why Harlan’s family distrusted his ideas on reverse mortgages. 
  • Introducing our second guest for today’s episode, attorney, Rick Gregorek. 
  • Rick’s professional background and the concepts he will covering today.
  • Integrated estate planning and the importance of compiling a team of advisors.
  • Comparing will based and trust based plans.
  • How Rick and his colleagues came up with their wealth plan system.  
  • Business tools for estate planning and what you can use to your advantage.
  • The subtle difficulties of dealing with Medicaid and health tools. 

Paul Merriman

This special episode features Paul Merriman’s keynote address at Retiremeet North on May 5, 2018 in Everett, WA. Paul talks about the essential aspects of smart investing and what he calls the ten million-dollar decisions that investors make. These choices have to be made, either consciously or just by default and Paul is here to remind us of the importance of making these decisions carefully correctly to ensure a bright financial future.

  • The ten million-dollar decisions that one makes as an investor.
  • Picking a trustworthy advisor to aid you on your path to financial security.
  • Balancing stocks and bonds for the best returns and longevity.
  • Signing up for the rises and drops in the market and the returns over the long term.
  • Market timing as opposed to buying and holding.
  • The importance of planning and setting out a glide path. 
  • The role of luck in the life of any investor.

Real Investing Journal — https://www.realinvestingjournal.com/

Vestory — https://vestory.com/

401411 — http://www.401411.com/

Vanguard — https://investor.vanguard.com

Retiremeet North — http://www.retiremeet.com/

Paul Merriman — https://paulmerriman.com/ 

Merriman — http://www.merriman.com/

101 Investment Decisions Guaranteed to Change Your Financial Futurehttps://paulmerriman.com/101-investment-decisions/

Bessembinder — https://wpcarey.asu.edu/people/profile/2717225

General Motors — https://www.gm.com/

SPIVA Report — https://us.spindices.com/spiva/

Morning Star — http://www.morningstar.com/

John Bogle — http://johncbogle.com/wordpress/

The Best and Worst

This is the last of Don’s holiday episodes and so we gratefully thank Paul Merriman for stepping in one last time as co-host. In this episode, we cover some historically good and bad investments from none other than our hosts, reversed mortgages, gold and silver investments, market speculation and the work of Professor Bessembinder. Paul gives some invaluable information on salespeople and why you should avoid employing them as advisors. We even go so far as to give some tips for preparing for rough times in the market.

  • Tom and Paul’s best and worst investments of all time.
  • Selling good investments versus good ideas and stories. 
  • The possibilities of a reversed mortgage and the implications on inheritance.
  • Investing in gold and silver and the volatility of this option.
  • Preparing for the next bear market and covering your bases. 
  • Should you speculate at all? 
  • Clarifying exactly what Professor Bessembinder said.
  • What to look forward to in Paul and Tom’s presentations at Retiremeet. 
  • Farewell to Paul Merriman, our amazing guest host!

Roth Power

The focus of this episode is the Roth account, as our hosts take a few calls on the subject and unpack the benefits for our listeners. Guest host, Paul Merriman lays out his ideas around really long term investing, for your grandchildren, and how to utilize the Roth IRA for this purpose. We also talk about picking strategies for multiple accounts and how much of an effect small choices make over the years with compounding interest. We also look forward to the fast approaching Retiremeet and Paul gives us a small idea of what to expect from his presentation.

  • Why to pick a Roth IRA over a 401(k).
  • Investing for your grandchildren with the a Roth IRA.
  • Deciding on levels of aggression for your investment strategy.
  • The widening difference that occurs with compounding interest. 
  • Best practices for long term investing with regards to risk.
  • More reasons why we like the Roth IRA as a long term option.
  • Looking forward to the best and worst questions surrounding investments. 
  • A taste of Paul Merriman’s Retiremeet topic.

Money Thirty Podcast — https://www.moneythirty.com/

Real Investing Journal — https://www.realinvestingjournal.com/

Vestory — https://vestory.com/

Paul Merriman — https://paulmerriman.com/ 

Merriman — http://www.merriman.com/

401411 — http://www.401411.com/

Vanguard — https://investor.vanguard.com

Retiremeet North — http://www.retiremeet.com/

MarketWatch — https://www.marketwatch.com/

Dwight David Eisenhower — https://www.biography.com/people/dwight-d-eisenhower-9285482

Dimensional Funds — http://dfaus.com/

101 Investment Decisions Guaranteed to Change Your Financial Futurehttps://paulmerriman.com/101-investment-decisions/

Cut Fund Costs

Tom is joined by Paul Merriman again this week as Don is still traversing New Zealand in a camper-van. On today’s episode Tom and Paul look at the news regarding 2017’s mutual fund costs, talk about important phone calls, answer questions on real estate, retirement and index funds. As usual the emphasis is on long term, diversified, passive investments. Paul states that, on average, people overstate their returns, miscalculating them to their supposed advantage.

  • Mutual fund costs drop in 2017.
  • Know your costs, your fees and your expenses!
  • The three phone calls that changed your life. 
  • Miscalculating your returns and the better than average rule. 
  • Why index funds are proven to give better returns than almost anything. 
  • The difficulties of purchasing real estate from a 401(k). 
  • The idea of turning assets into income in retirement. 
  • The life changing quality of equities!