How do you invest in retirement when interest rates are so low? And 7 other important questions.

Paul introduces Don McDonald, Co-Founder of   Vestory Investment Advisory  and co-host of  "Talking Real Money"  podcast, who will be producing “money minutes” for most of our podcasts. Don also produced the soon-to-be-released audio version for our latest book,  We’re Talking Millions! .

Paul discusses the upcoming  Retiremeet America 2021  free online conference on Feb. 20, 8:00 a.m.-1:00 p.m. PT. See the list of speakers, topics, speaking times and registration form at  https://retiremeet.com   Paul and David Booth, Co-Founder of Dimensional Fund Advisors, are keynoting the conference.

Before addressing the Q&A's Paul discusses an article, “ Deep Risk in the United States of America ,” by Ben Carlson. Ben is on Paul’s list of Truth Tellers and highly recommends Ben's articles and podcasts at  https://awealthofcommonsense.com/.

1. Larry motivates Paul to discuss the question: What changes should a pre-retiree make to their portfolio when they have saved enough to retire, even though they are planning to work longer? 19:00


2. What asset allocation should I have when I reach retirement but don’t need the money to live on? 23:40


3. How would you suggest someone who is currently in cash get back into the market? 31:22

Don McDonald’s “ Talking Real Money ” —  The risks in owning bonds

1. With bond yields so low do you expect retirement returns to be significantly lower than in your tables?  38:57


2. In a recent newsletter we mentioned a presentation by Barry Schwartz, author of  The Paradox of Choice. The focus of the presentation was what happens when people are offered too many choices. We linked to a college presentation that got into other topics not of interest to us.  Here is a shorter presentation and very popular TED Talk with over 15 million views:  https://www.ted.com/talks/barry_schwartz_the_paradox_of_choice?language=en    45:10


3. In your 2012 book,  First Time Investor , you were not in favor of target date funds. What has changed that you now recommend them? 60:40


4. Do you really think the S&P is going to beat Berkshire Hathaway over the next 10 years? 57:45


5. I know an investment advisor who made 29% a year over the last 2 years and he has all of his own money in the portfolio he wants me to use —individual stocks, not index funds. Is this investment philosophy a fool's errand and am I falling for a siren’s song? 1:06:35