Podcasts about bnd

BND's host Mike Slater, on the recommendation of Breitbart's AWR Hawkins, has been reading "Roots of American Order" by Russell Kirk lately and he wants to talk about how this classic from the 1970s tells us A LOT about the state of our nation in 2026! Following that opener, Slater gabs with Patrick O'Donnell, a historian and author, about an often overlooked 250th anniversary that our country recently celebrated that should be celebrated more than it is. What is it? Tune in and find out! MAGA! Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Rule Seven of Financial Physics says there is no new news: by the time public information reaches you, the market has already reacted.Don and Tom explain why neither headlines nor illegal insider tips offer ordinary investors a durable edge, why fast trading and miracle systems disappoint, and why accepting market returns is the saner path.Then they compare JAAA with BND, help a student balance FAFSA concerns with emergency savings and a Roth IRA, warn against reaching for yield, and untangle a Roth 401(k) rollover.0:44 The shortest investing book1:54 Rule Seven: No New News3:27 Public information versus insider information6:48 Why trading the headlines is futile9:37 Efficient markets and accepting market returns11:27 The trouble with miracle trading systems14:13 Talking Real Money music online17:17 JAAA versus BND for bonds20:21 FAFSA, emergency savings, and a Roth IRA22:28 Reaching for yield with riskier bonds24:49 Rolling over a Roth 401(k)Questions? Comments? Click!

Friday's question pile ranges from the safest bond fund around to the harder question of what retirement is actually for. Don sorts through the choices with his usual preference for simple, sturdy answers.He weighs the TSP G Fund against BND, checks the bona fides of Raisin and The College Investor, and argues that leaving work makes sense only when something better is waiting on the other side.Then comes a candid disagreement over 21-fund portfolios, followed by a pension decision for a well-funded couple who can afford to self-insure. The court may have advisors, but Don is still happy being its jester.Topics03:26 Is the TSP G Fund enough fixed income?05:47 Raisin and The College Investor: useful and legitimate?09:44 Retirement needs a purpose, not just an age12:37 Twenty-one funds, advisor complexity, and honest disagreement16:11 Single-life versus joint-survivor pension choices18:57 Social Security timing, RMDs, and a very strong retirement planQuestions? Comments? Click!

Vladimir Putin promised Russia a "dictatorship of law" when he took office in 2000. He delivered the dictatorship -- but not the law. This week, Russia expert, human rights lawyer, and founder of Russia's first independent foreign law firm Jamison Firestone joins journalist Rosanna Lockwood and former head of MI6 Sir Richard Dearlove to discuss his new book, Rule of Lies: My Wild Ride Through Chaos, Corruption, and Murder in Putin's Russia. Firestone lived through the upheaval of the early 1990s and worked alongside Sergei Magnitsky, who was murdered after exposing a Russian state built to loot itself. Firestone explains why Russia may now be close to a historical tipping point, how $300 billion in frozen Russian assets could be legally transferred to Ukraine to fund Kyiv;s war effort, and the ways in which Donald Trump has emulated Putin and Yeltsin. Plus, in Brief: changes coming to Germany's BND, the legacy of former Chinese Premier Zhu Rongji, Iceland's referendum on restarting EU membership talks, and the latest in the Iran War. In this episode: (00:00) Why Ukraine Matters (02:06) Germany Expands BND Powers (05:01) Zhu Rongji (07:52) Iceland EU Vote and NATO Role (11:46) Iran Deadline and Strait Tensions (15:11) Meet Jamison Firestone (16:42) Growing Up Around Gangsters (26:15) Loving Russia Despite Putin (30:46) Can Russia Reach a Tipping Point (34:32) Mobilization Pressure and Next Steps (36:15) Ukraine Aid and Frozen Funds (41:17) Legal Case For Seizure (43:57) Reparations Loan Explained (50:25) US Politics And Trump Parallels (54:24) How Putin Could Fall (57:06) Can Russia Be Democratic (59:03) Putin Isolation And Ukraine Motive (01:02:12) Life In London And Safety (01:05:08) Magnitsky Legacy And Costs (01:11:33) Drone Swarms And Future War Show Notes:  Rule of Lies: My Wild Ride Through Chaos, Corruption, and Murder in Putin's Russia | https://www.harpercollins.com/products/rule-of-lies-jamison-r-firestone?variant=44366648180770  Website to learn more about Jamison Firestone's advocacy: https://makeputinpay.org/  Hosted by Sir Richard Dearlove (former MI6 Chief) and guest co-host Rosanna Lockwood (International Journalist) Learn more about your ad choices. Visit megaphone.fm/adchoices

Simon Strehlau erklärt, wie die piefigen deutschen Nachrichtendienste zu knallharten Geheimdiensten und der Niedrigpegel im Rhein zum kultigen Natur-Event umgewandelt werden. Gast: Saskia Fröhlich Von WDR 5 Satire Deluxe.

Steffen Bilger, Bundesminister für Verkehr, ist zu Gast bei Stefan Braun und spricht über die Niedrigwasserkrise, den Tankrabatt und seine Pläne für die Deutsche Bahn. Das Niedrigwasser am Rhein bleibt laut Bilger mindestens bis Ende August ein Problem. Einen zweiten Tankrabatt lehnt der Minister ab: „Ich glaube nicht, dass wir uns das nochmal leisten können."Zur Deutschen Bahn sagt Bilger: „Ich kann keine Wunder versprechen [...] aber die spürbare Verbesserung, das müssen wir schon hinkriegen." [11:46]Aus den Nachrichtendiensten sollen Geheimdienste werden: Das Bundeskabinett hat eine Reform des BND- und des Verfassungsschutzgesetzes beschlossen, vorgestellt von Innenminister Alexander Dobrindt (CSU) und Kanzleramtschefin Nina Warken. [01:37]Luca Manns, Geschäftsführer der Forschungsstelle Nachrichtendienste an der Universität zu Köln, hält den Umbau des BND für einen echten Bruch: „Der BND soll künftig durchaus mal eine Brücke in Russland sprengen können oder eine Drohnenfabrik sabotieren." Beim Verfassungsschutz zweifelt Manns an der verfassungsrechtlichen Zuständigkeit – Gefahrenabwehr ist nach dem Grundgesetz Sache der Polizei. [05:01]Table.Briefings - For better informed decisions.Sie entscheiden besser, weil Sie besser informiert sind – das ist das Ziel von Table.Briefings. Wir verschaffen Ihnen mit jedem Professional Briefing, mit jeder Analyse und mit jedem Hintergrundstück einen Informationsvorsprung, am besten sogar einen Wettbewerbsvorteil. Table.Briefings bietet „Deep Journalism“, wir verbinden den Qualitätsanspruch von Leitmedien mit der Tiefenschärfe von Fachinformationen. Professional Briefings kostenlos kennenlernen: table.media/testenHier geht es zu unseren WerbepartnernHol dir deine persönlichen Daten mit Incogni zurück und hol dir 60 % Rabatt auf ein Jahresabo: https://incogni.com/tabletodayImpressum: https://table.media/impressumDatenschutz: https://table.media/datenschutzerklaerungBei Interesse an Audio-Werbung in diesem Podcast melden Sie sich gerne bei Jan Puhlmann: jan.puhlmann@table.media Hosted on Acast. See acast.com/privacy for more information.

Niko Härting und Jan Hemann (HÄRTING Rechtsanwälte) sprechen mit Rechtsanwalt Peter Schantz über die von der Bundesregierung geplante Reform des Rechts der Nachrichtendienste, insbesondere was den Bundesnachrichtendienst (BND) angeht. Peter Schantz ist mit dem Thema vertraut und hat für die Gesellschaft für Freiheitsrechte (GFF) eine kritische Stellungnahme verfasst. Schantz befasst sich seit vielen Jahren mit Fragen des Datenschutzes und der Bürgerrechte und war mehrfach an Verfassungsbeschwerden beteiligt. Bis Ende 2024 war er zudem Abteilungsleiter im Bundesministerium der Justiz (BMJ). Härting, Schantz und Hemann sprechen unter anderem über folgende Fragen und Themen: Evolution oder Revolution? Was ist von der Abkehr vom Trennungsgebot zu halten? Strategische Fernmeldeüberwachung („Datenstaubsauger“), welche Änderungen sind geplant? „Staatstrojaner“: Welche Befugnisse soll der BND erhalten? Welche Befugnisse soll der BND im Inland und gegenüber deutschen Staatsangehörigen erhalten? Mehr Befugnisse, weniger Kontrolle? Welche Möglichkeiten des Rechtsschutzes werden Betroffene haben? Was ist von der Konzentration der Kontrolle beim Unabhängigen Kontrollrat zu halten? Entmachtung der Bundesdatenschutzbeauftragten.

"Echte Geheimdienste" oder neue Geheimpolizei? BND und Verfassungsschutz sollen künftig viel mehr dürfen - auch sabotieren, hacken und einbrechen. Mehr Sicherheit oder mehr Überwachungsstaat? Und: Was sich mit der BAföG-Reform für Studierende ändert. Schulz, Josephine

Das Kabinett hat die Reform der Nachrichtendienste beschlossen. Sie sollen künftig aktiv gegen Angreifer vorgehen dürfen.

Die Bedrohung aus dem Ausland wächst, eine Reform der Nachrichtendienste ist überfällig. Doch das neue Gesetz der Bundesregierung geht weiter als notwendig. Den „Tagesanbruch" gibt es auch zum Nachlesen unter [t-online.de/tagesanbruch](https://www.t-online.de/tagesanbruch) Anmerkungen, Lob und Kritik gern an podcasts@t-online.de Den „Tagesanbruch“-Podcast gibt es immer montags bis freitags ab 6 Uhr zum Start in den Tag vorgelesen von einer freundlichen KI-Stimme – am Wochenende mit einer tiefgründigeren Diskussion. Verpassen Sie keine Folge und abonnieren Sie uns bei [Spotify] https://open.spotify.com/show/3v1HFmv3V3Zvp1R4BT3jlO?si=klrETGehSj2OZQ_dmB5Q9g), [Apple Podcasts](https://itunes.apple.com/de/podcast/t-online-tagesanbruch/id1374882499?mt=2), [Amazon Music](https://music.amazon.de/podcasts/961bad79-b3ba-4a93-9071-42e0d3cdd87f/tagesanbruch-von-t-online) oder überall sonst, wo es Podcasts gibt. Wenn Ihnen der Podcast gefällt, lassen Sie gern eine Bewertung da.

Die Bundesregierung will mehr Befugnisse für Geheimdienste. So sollen BND und Co. auch operativ tätig werden. Das fehlende Trennungsgebot kritisiert nicht nur die Opposition. Warum er darin kein Problem sieht, erklärt CDU-Politiker Marc Henrichmann. Zerback, Sarah www.deutschlandfunk.de, Interviews

Für bessere Gefahrenabwehr: Die Nachrichtendienste sollen mehr Befugnisse kriegen ++ In Hamburg prüfen Statiker, ob ein Teil des einsturzgefährdeten Wohnhauses stehenbleiben kann ++ Vor der teilweisen Sonnenfinsternis gab es einen Run auf die Schutzbrillen

"Echte Geheimdienste" oder neue Geheimpolizei? BND und Verfassungsschutz sollen künftig viel mehr dürfen - auch sabotieren, hacken und einbrechen. Mehr Sicherheit oder mehr Überwachungsstaat? Und: Was sich mit der BAföG-Reform für Studierende ändert. Schulz, Josephine

SPIDER-MAN is SO back! Marvel is SO back!! WE are SO back!!! This box office has shown that not only can Spidey do whatever a spider can but he can also do much, much more. Packing theaters for nearly a week now. Bringing The Punisher to the big screen. Bringing The Hulk too and host of iconic comic moments! How about incorporating moves right out of the insanely popular Insomniac games? Yep that too and much, much more! How many times have you seen BND?? Let us know and give us your feedback!

Rule Four of Financial Physics says everything eventually rises—not every stock, not every year, but human productivity and global economic output over time. Don and Tom explain why buying the broad market is ownership in thousands of businesses, not a trip to the casino, and why international diversification matters when nobody knows which country will lead the next century.Then Kenneth asks whether a tiny slice of his emergency fund belongs in stocks. The answer is still no: emergencies tend to arrive when markets are already falling. The guys also look at using qualified charitable distributions from inherited IRAs and why smart tax planning should not let the tax tail wag the financial dog.Finally, they compare BND with TIPS and ultra-short bond funds, unpack the trade-off between price stability and durable yield, and explain why preferred stocks cannot replace the ballast in a 60/40 portfolio.00:44 AI music, a low-budget show, and big-money topics02:46 Financial Physics Rule Four: everything eventually rises04:05 Stocks are ownership, not a casino bet05:13 Macroeconomic gravity and two centuries of productivity07:45 From $48 to $90,000 of U.S. output per person08:22 Letting thousands of companies do the heavy lifting09:18 AI, global output, and a Social Security token tax11:03 Why the next century demands global diversification13:35 Should emergency-fund money ever go into stocks?19:56 Inherited IRAs and qualified charitable distributions21:40 BND versus TIPS and ultra-short bond funds26:59 Why preferred stocks are not bond substitutes29:13 Theme-song experiments and the Talking Real Money singersQuestions? Comments? Click!

Ronnie and Jazz review the 38th movie in the MCU, Baby-Man: Baby's Day Out. Named after a storyline that followed Spider-Man selling his marriage to the Devil, BND is about Spider-Man undergoing puberty and trying to fight someone who can possess people. Along the way our favorite wallcrawler's become an Instagram stalker. Those hoping to see the Scorpion, Boomerang, Ramrod, Tarantula, Tombstone and other "classic" Spidey villains will be disappointed. You'll get your Hulk and you'll fucking like it. Listeners should be proud: at no point during recording did Ronnie suffer an embolism.

Bonds are supposed to be the brakes in a portfolio—but should those brakes be BND, a shorter-term fund, CDs, or a Treasury ladder? Don explains why duration, yield stability, and personal comfort make the answer more nuanced than one ticker.The Friday questions keep coming: pairing AVGE with VT, moving $5 million from real estate into a retirement portfolio, understanding an emerging-markets fund that became legally non-diversified, and building 529s for grandchildren.The final stretch is all planning: Roth conversions and IRMAA, choosing a HELOC over a 401(k) loan, and resisting the urge to let the tax tail wag the retirement dog.00:00 A full inbox of financial questions02:30 BND versus short bonds, CDs, and Treasury ladders06:45 AVGE plus VT—or unnecessary overlap?10:23 Moving $5 million from real estate into markets14:51 When an index fund becomes legally non-diversified18:18 Building 529s and Roth head starts for grandchildren22:16 Roth conversions, RMDs, and IRMAA25:23 HELOC or 401(k) loan for renovations?28:01 The tax tail and a long Roth-conversion planQuestions? Comments? Click!

Im aktuellen Podcast mit Stefan Brink und Niko Härting tauchen lauter alte Bekannte wieder auf: Zunächst sprechen wir (00:32) über eine „altbekannte“ Beschwerde von „Reporter ohne Grenzen“ zum Europäischen Gerichtshof für Menschenrechte. Es geht um die gesetzliche Erlaubnis von Spyware-Einsatz durch unseren Auslandsnachrichtendienst BND. Darin sieht RoG einen Eingriff in die Pressefreiheit – und hatte sein Anliegen bereits dem Bundesverfassungsgericht vorgetragen, welches die Beschwerde aber zunächst (fruchtlos) zum Bundesverwaltungsgericht schob, um sie dann kommentarlos abzulehnen. Der EGMR hat die Beschwerde nun angenommen und sogar zum „impact case“ mit Vorrang gemacht – darüber dürfen unsere Karlsruher gerne mal nachdenken. Sodann sprechen Niko und Stefan (12:32) über einen FAZ-Artikel von Literaturprofessor Roland Reuss. Er weist auf die mit der Umstellung öffentlicher Bibliotheken auf Cloudlösungen verbundenen Risiken insbesondere für WissenschaftlerInnen hin: Die Bibliotheksprofile lassen den Rückschluss auf Forschungsrichtung und -gegenstand zu, der dann auch dem Zugriff der Cloud-Anbieter unterliegt. Reuss beklagt eine „Ohnmachtserklärung gegenüber der digitalen Verführungs- und Kontrollstruktur“ – diese Vorbehalte gegenüber Cloud-„Lösungen“ kennen wir nur zu gut. Schließlich geht es (23:21) um die „Wiedergänger“-Debatte der letzten zehn Jahre: Datentransfers ins Nicht-EU-Ausland. Die niederländische Datenschutzbehörde verhängte ein Bußgelds iHv 100 Mio. EUR gegen den Anbieter der Taxi-App Yango - wegen der Übermittlung personenbezogener und zum Teil sensibler Daten in die Russische Föderation. Für die Russische Föderation existiert kein Angemessenheitsbeschluss der EU-Kommission, auch die Verwendung von Standardvertragsklauseln genügt aus Sicht der Aufsicht nicht. Gleichzeitig hat der US-Supreme Court in der Sache Trump (altbekannt) vs Slaughter (Rebecca Slaughter, Ex-Federal Trade Commissioner) dem US-Präsidenten nun die Macht zugestanden, auch unabhängiges Personal loszuwerden, nur weil “continued service on the FTC is inconsistent with [the Trump] administration's priorities”. Damit wackelt – meint etwa der ebenfalls notorische Max Schrems – der Angemessenheitsbeschluss zum US-EU „Transatlantic Data Protection Framework". Na, das kennen wir ja auch schon …

Today on the Show... Everyone's Favorite Don stories, Marvel casting rumors and Spider-man:BND leaks A returning DCEU hero confirmed for Man of Tomorrow Netflix top 10 and programming changes Pgh Penguins affiliate news and more....

Nate explains a critical, often overlooked retirement risk: sequence of returns risk—the danger of encountering poor market performance right when you begin taking withdrawals. Even when two retirees earn the same average annual return, the order in which those returns arrive can significantly change outcomes. Nate discusses how to plan for adverse early-retirement markets and presents indexed universal life insurance (IUL) as a flexible, non-market-loss-exposed income source to help mitigate this risk. Key Discussion Points: Sequence of returns risk: It's not a concern until withdrawals begin, typically in retirement. Losses during downturns are compounded when assets are sold to generate income at depressed prices. Even if markets recover, reduced asset bases mean less participation in the rebound, potentially shortening portfolio longevity. Same average return, different outcomes: Two retirees with identical portfolios and a 7% average annual return over 20 years can have dramatically different results depending on whether negative years occur early vs. late in retirement. Early losses paired with withdrawals can rapidly erode principal, demonstrating that the sequence of returns can matter as much as the returns themselves. Planning with Monte Carlo simulations: Nate emphasizes modeling scenarios where the first years of retirement are poor. Objective: Ensure contingency plans exist for adverse sequences, because "we get one chance to get retirement income right." Diversification beyond traditional assets: Historical non-correlation can break down: in 2022, both stocks and bonds fell, undercutting the classic diversification benefits. Relying solely on investment accounts for income in down markets may be suboptimal; alternative funds can allow portfolios time to recover. Role of Indexed Universal Life (IUL): Properly designed and funded IULs can provide cash values protected from market loss. Interest credits are linked to market indices (e.g., S&P 500) without direct exposure to downside. Offers tax-advantaged access to cash values during retirement. Strategy: Draw income from IUL during market volatility instead of selling investments at depressed prices, reducing sequence risk and preserving portfolio recovery potential. Practical insight: Avoiding withdrawals during one or two severe downturn years over the past 25 years could materially improve a retiree's experience and peace of mind. Portfolio construction idea: Consider replacing some or all of a bond allocation with an IUL to add downside protection and tax advantages. Nate's backtest: A Midland National IUL paired with 60% U.S. stocks vs. a traditional 60/40 (stocks/BND bonds) over 25 years. Result: 60% U.S. stock + 40% IUL outperformed 60% U.S. stock + 40% intermediate bonds (Vanguard Total Bond Market, ticker BND). Additional benefits: IUL provides a death benefit and tax-free cash value growth; bond income can be taxable (outside an IRA) or subject to ordinary income tax upon IRA distribution. Major Takeaways: The timing of returns can be as consequential as the returns themselves once withdrawals start. Traditional stock-bond diversification may not always protect against simultaneous market declines. Building an "off-market" income reserve—such as an IUL—can help retirees pause withdrawals from investment portfolios during downturns, improving longevity and stability of retirement income. Integrating IULs as part of or in place of bonds may enhance total outcomes while adding tax and estate benefits, subject to proper design, funding, and suitability. Disclaimers and Professional Guidance: The podcast is informational and not direct investment advice. Not all investments are suitable for all individuals. Investing involves risk; fees and risks should be carefully considered. Crosby Advisory Group LLC is a registered investment entity; consult directly for personalized advice.

For most of its history, Germany's foreign intelligence service was built to watch, not to act — a constraint rooted in the country's experience of the Gestapo and the Stasi. A sweeping draft law would change that, letting the BND conduct sabotage, covert interference, and offensive cyber operations for the first time. Chris speaks with German investigative journalist Florian Flade, among the first to report on the draft, about what's driving the overhaul — Russia's war and hybrid campaign, and eroding trust in Washington under Trump — and the unease that lingers around empowering services that once served dictatorships. Subscribe and share to stay ahead in the world of intelligence, global issues, and current affairs. Articles by Florian https://www.tagesschau.de/investigativ/ndr-wdr/bnd-gesetz-befugnisse-100.html https://www.tagesschau.de/investigativ/ndr-wdr/bnd-gesetz-befugnisse-102.html Take our audience survey: https://forms.gle/eFx59XntNtiKzNQa8 Support Secrets and Spies Become a “Friend of the Podcast” on Patreon for £3/$4: https://www.patreon.com/SecretsAndSpies Buy merchandise from our shop: https://www.redbubble.com/shop/ap/60934996 Buy us a coffee: https://buymeacoffee.com/secretsandspies Subscribe to our YouTube page: https://www.youtube.com/channel/UCDVB23lrHr3KFeXq4VU36dg For more information about the podcast, check out our website: https://secretsandspiespodcast.com Connect with us on social media Bluesky: https://bsky.app/profile/secretsandspies.bsky.social Instagram: https://instagram.com/secretsandspies Facebook: https://facebook.com/secretsandspies Spoutible: https://spoutible.com/SecretsAndSpies Twitter/X: https://x.com/SecretsAndSpies Follow Chris and Matt on Bluesky: https://bsky.app/profile/chriscarrfilm.bsky.social https://bsky.app/profile/mattfulton.net Secrets and Spies is produced by Films & Podcasts LTD: https://filmsandpodcasts.co.uk/ Music by Andrew R. Bird Photo by Christophe Gateau/AP Secrets and Spies sits at the intersection of intelligence, covert action, real-world espionage, and broader geopolitics in a way that is digestible but serious. Hosted by filmmaker Chris Carr and writer Matt Fulton     Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Tom's on vacation, but the listener questions are not. In this packed Q&A episode, Don tackles one of the most common retirement dilemmas: if your Social Security and annuity income already cover your expenses, do you still need a traditional emergency fund?From there, the questions keep coming. Don weighs in on what to do with “lazy money” earning only 3%, whether a MYGA is really a better deal than a CD ladder, how to structure a taxable brokerage account for long-term growth, and where to keep nearly $300,000 set aside for a home purchase in the next two to three years.He also takes on a thoughtful question about managing a taxable portfolio for elderly in-laws who need additional income for memory care, and wraps up with a step-by-step explanation of how inherited IRA money can potentially be used to fund backdoor Roth contributions.Along the way, you'll hear why “guaranteed” doesn't always mean what insurance companies want you to think it means, why simplicity often beats ETF overengineering, and why liquidity still matters—even in retirement.0:05 – Intro and why Tom is getting buried in listener questions while on vacation1:14 – Don thanks listeners and mentions Apple featuring Litreading1:58 – How to send recorded questions at TalkingRealMoney.com2:16 – Question 1: Do retired investors still need a six-month emergency fund if Social Security and annuities cover expenses?3:14 – Why Don still favors stable, liquid emergency money even in retirement4:30 – Question 2: What should retirees do with “lazy money” that's earning only about 3%?5:28 – Don's preference for CD ladders over MYGAs and why “guaranteed” doesn't mean risk-free7:33 – Question 3: How should a high-income investor build a long-term taxable portfolio at Vanguard?10:03 – Don's case for simplifying with AVGE or DFAW instead of mixing multiple ETFs11:24 – Question 4: Is a five-year MYGA better than a five-year CD ladder?12:01 – Why Don still leans toward CDs despite the higher MYGA yield and tax deferral pitch14:16 – Question 5: Best place to keep $291,000 earmarked for a home purchase in two to three years14:46 – Money market vs. high-yield savings vs. CDs vs. BND for short-term house money17:04 – Question 6: How to structure a $300,000 taxable portfolio for elderly in-laws who need extra monthly income for memory care18:37 – Why Don would keep lots of liquidity, use only a little equity, and skip muni bonds in a 22% bracket20:50 – Question 7: Can inherited IRA proceeds be used to fund a backdoor Roth for both spouses?22:40 – Don's step-by-step answer, including opening new IRAs and watching out for the pro-rata rule25:07 – Don plugs The Line Uncrossed and offers a free one-hour advisor meeting25:42 – Reminder to send questions and be patient while Tom is on vacationQuestions? Comments? Click!

This week's Friday Q&A is packed with six listener questions covering some of the biggest financial decisions people face before and during retirement. Topics include whether actively managed bond funds are worth the extra cost, how the new senior tax deduction may affect Roth conversions, whether a 24-year-old should keep a whole life insurance policy, financial planning before marriage, the role of mid-cap funds, and whether it's worth abandoning a target-date fund before retirement. If you've ever wondered whether you're making your portfolio more complicated than it needs to be, this episode is for you.00:00 Welcome and Fourth of July schedule update02:21 Active vs. passive bond funds: Avantis, Dimensional, or BND?05:00 Using the new senior deduction to reduce Roth conversion taxes08:01 Does a 24-year-old need whole life insurance?10:35 Money conversations every engaged couple should have15:53 Are mid-cap funds worth owning?17:52 Should you leave a target-date fund before retirement?23:37 How to submit your own questionsQuestions? Comments? Click!

+++ Alle Rabattcodes und Infos zu unseren Werbepartnern findet ihr hier: https://linktr.ee/wiederwasgelernt +++ Künstliche Intelligenz verändert unseren Alltag, unsere Arbeit, unser Zuhause. Sie verändert aber auch Kriege. Die Ukrainer werten Satellitendaten inzwischen mit Software von Palantir aus. Dadurch erkennen sie viel schneller russische Luftangriffe. Durch Zielerfassung per KI finden sie den besten Moment und die beste Stelle, um anzugreifen. "KI ist eine disruptive Technologie, weil sie Dinge beschleunigt", sagt Verfassungsschutzchef Sinan Selen im ntv-Podcast "Wieder was gelernt" und warnt davor, dass diejenigen, die Deutschland im Visier haben, mit KI auch bereits schneller und effektiver arbeiten. "Uns stehen unruhige Zeiten bevor." Gast: Sinan Selen, Chef des Bundesamtes für Verfassungsschutz (BfV) Moderation: Frauke Niemeyer Sie haben Fragen? Schreiben Sie eine E-Mail an podcasts@ntv.de Sie möchten "Wieder was gelernt" unterstützen? Dann bewerten Sie den Podcast gerne bei Apple Podcasts oder Spotify. Dieser Podcast wird vermarktet von Julep Media: sales@julep.de Wir verarbeiten im Zusammenhang mit dem Angebot unserer Podcasts Daten. Wenn Sie der automatischen Übermittlung der Daten widersprechen wollen, melden Sie sich hier: datenschutz@julep.de

Don and Tom tackle rising bond yields and the anxiety they create for investors, explaining why higher bond yields mean lower bond prices and why recent moves in long-term Treasury rates have sparked comparisons to the period before the 2008 financial crisis. They discuss inflation fears, interest rate policy, and why investors should be cautious about reading too much into bond market movements as predictors of future stock returns. The conversation reinforces the role of bonds as portfolio stabilizers rather than return generators, particularly for retirees. They also answer a listener question about covered-call ETFs, explaining how option premiums create income, why the strategy isn't “magic money,” and the tradeoffs between yield, complexity, and risk. The episode closes with a correction involving Robert Wagner and Robert Conrad and a humorous detour into reverse-mortgage celebrity spokespeople.0:05 Bond investing versus “bondage” and why bonds are suddenly making headlines1:07 Rising Treasury yields and concerns about the bond market2:30 Why investors compare today's bond yields to conditions before 20083:00 Bond prices, bond yields, and the inverse relationship between them3:51 Inflation fears, energy prices, and their impact on bonds5:50 Global bond market pressures and rising yields in Britain7:06 Federal Reserve rate expectations and inflation control7:51 Lessons from the bond market collapse of 20228:36 Can bond market activity predict future recessions or market declines?10:06 Why geopolitical events often fail as market-timing signals10:31 Why own bonds when long-term returns have been disappointing?11:03 The role of bonds in diversification and retirement portfolios12:06 Using bonds as a spending reserve during stock market declines13:07 Listener question: How covered-call ETFs generate income14:18 Covered-call basics and selling options against stocks17:26 Risks, costs, and limitations of covered-call strategies19:38 Evaluating JEPI and the tradeoff between yield and volatility21:22 Listener correction: Robert Wagner versus Robert Conrad24:01 Reverse-mortgage spokespeople and celebrity rankings25:34 Why making a top-five list may be life's greatest achievementQuestions? Comments? Click!

Wer sprengte die Pipelines? Was wusste Selenskyj? Was wird bis heute im betroffenen Deutschland bewusst verschwiegen? Nach langjähriger Recherche und laut eigenen Angaben mittels Gesprächen mit den Saboteuren, der CIA und dem BND hat der Journalist Bojan Pancevski vom „Wall Street Journal“ in einem Buch erstmals die gesamte Geheimoperation und ihre politischen Hintergründe dargestellt.

Don celebrates the continued success of the Friday Q&A format and the encouraging first week of sales for his novel The Line Uncrossed, including a strong Kirkus review, before tackling a series of listener questions centered on retirement income and fixed income investing. He explains how his combination of cash reserves, a CD ladder, and bond funds supports a disciplined withdrawal strategy, discusses why diversified bond funds like BND still play an important role in reducing portfolio volatility, rejects the idea that Social Security and pension income should be counted as bond allocations within an investment portfolio, argues against the concept of a reverse glide path that increases stock exposure later in retirement, and shares lessons learned from decades of entrepreneurship about balancing investments in a business versus the market. Throughout the episode, he emphasizes diversification, discipline, investor behavior, and the importance of managing volatility rather than chasing returns.0:05 Why listener questions remain Don's favorite part of talk radio after 40+ years1:16 Friday Q&A episodes continue to be the most downloaded shows each week1:50 Easier ways to submit questions through the redesigned Talking Real Money website2:42 First-week sales update on The Line Uncrossed and reader support3:21 Positive Kirkus review and details on the ebook bundle4:48 How Don uses cash, bond funds, and a CD ladder during retirement8:00 Why BND and total bond market funds remain useful fixed income tools11:22 Should Social Security and pensions count as bonds in your allocation?14:26 Why Don believes reverse glide paths are a bad retirement strategy17:34 Investing in your own business versus investing in the market21:23 Why compliance reviews delay listener questions from airingQuestions? Comments? Click!

Inflation sticky like old pine sap… Another round of China meetings. Universal Basic Income –hints and whispers. And our guest – Ed Easterling, Founder and President of Crestmont Research NEW! DOWNLOAD THIS EPISODE'S AI GENERATED SHOW NOTES (Guest Segment) Ed Easterling is the founder and President of Crestmont Holdings, an Oregon-based investment management and research firm that publishes provocative research on the financial markets at www.CrestmontResearch.com. He has over thirty years of alternative investment experience, including financial markets, private equity, and business operations. Mr. Easterling is the author of recently-released Probable Outcomes: Secular Stock Market Insights and Unexpected Returns: Understanding Secular Stock Market Cycles (Cypress House; 2005). In addition, he is contributing author to Just One Thing (John Wiley & Sons; 2005) and co-author of chapters in Bull‘s Eye Investing by John Mauldin. Mr. Easterling is a Senior Fellow and a Board Member at the Alternative Asset Management Center at SMU‘s Cox School of Business in Dallas, and previously served as a member of the adjunct faculty teaching the course on alternative investments and hedge funds for MBA students. Mr. Easterling holds a BBA in business, a BA in psychology, and an MBA from Southern Methodist University. Check this out and find out more at: http://www.interactivebrokers.com/ Follow @andrewhorowitz  Stocks mentioned in this episode: (META), (CAT), (IONQ), (SLV), (BND)

Deutsche Nachrichtendienste gelten als fleißig und technisch kompetent – aber auch als bürokratisch und stark reglementiert. Doch das soll sich ändern: Die deutsche Politik plant einen einzigartigen Umbau des BND und anderer Nachrichtendienste. Sie sollen schlagkräftiger werden und fähiger. Nur kaum einer bekommt es mit. In dieser 11KM-Folge – live vom ARD Sounds Festival – erzählt Investigativjournalist Jörg Diehl, was diese stille Zeitenwende der Inneren Sicherheit für die Freiheit jedes Einzelnen bedeutet und von welchen operativen Befugnissen die deutschen Nachrichtendienste träumen: heimliche Hausdurchsuchungen oder etwa Sabotageakte im Ausland. Bekommen deutsche Agenten etwa die Lizenz zum Töten? Jörg Diehl leitet die Recherchekooperation von NDR, WDR und Süddeutsche Zeitung und recherchiert seit mehr als 20 Jahren zu Sicherheitsthemen und Nachrichtendiensten. Diese 11KM-Folge wurde am 9. Mai 2026 live beim ARD Sounds Festival in Nürnberg aufgezeichnet. Alle Updates und Entwicklungen zum Bundesnachrichtendienst BND findet ihr auf tagesschau.de: https://www.tagesschau.de/thema/bnd In dieser früheren 11KM-Folge blickt Florian Flade auf “70 Jahre BND: Wie sich der Bundesnachrichtendienst verändern muss”: https://1.ard.de/11KM_70_Jahre_BND Hier gibt's einen Deep Dive mit der 11KM-Folge “BND-Reform: Ein bisschen mehr James Bond?”: https://1.ard.de/11KM_BND_Reform An dieser Folge waren beteiligt: Hosts und Folgenautor:innen: Elena Kuch und David Krause Mitarbeit: Marc Hoffmann Produktion: Fabian Zweck Planung: Laura Stuhlmacher, Nicole Dienemann und Hardy Funk Distribution: Kerstin Ammermann Redaktionsleitung: Yasemin Yüksel und Fumiko Lipp 11KM: der tagesschau-Podcast wird produziert von BR24 und NDR Info. Die redaktionelle Verantwortung für diese Episode liegt beim NDR.

Wenn Armeen heute bis auf den Meter genau präzise Angriffe gegen strategische Ziele wie kritische Infrastruktur oder Waffensysteme fliegen, geht das durch Aufklärung aus dem Weltraum. Der Himmel hängt voller US-Satelliten, die ständig das Geschehen am Boden im Blick haben. Ex-BND-Agent Gerhard Conrad erklärt im Podcast, wie filigran das Informationsnetz im All arbeitet, warum die Satelliten Sprit brauchen, manchmal fast zusammenstoßen - und was Europa tun muss, um selbst ein Player im Weltraum zu werden. Gast: Gerhard Conrad. Als Agent vermittelte der ehemalige BND-Mann zwischen der israelischen Regierung und Hamas und Hisbollah, um Geiseln freizubekommen. Mehrere Israelis verdanken ihm ihre Freilassung, darunter der Soldat Gilad Schalit nach fünf Jahren in Hamas-Gewalt. Bis 2019 war er Direktor des europäischen Nachrichten-Analysezentrums INTCEN. Moderation: Frauke Niemeyer Sie haben Fragen? Schreiben Sie eine E-Mail an podcasts@ntv.de Sie möchten "Wieder was gelernt" unterstützen? Dann bewerten Sie den Podcast gerne bei Apple Podcasts oder Spotify. Dieser Podcast wird vermarktet von Julep Media: sales@julep.de Wir verarbeiten im Zusammenhang mit dem Angebot unserer Podcasts Daten. Wenn Sie der automatischen Übermittlung der Daten widersprechen wollen, melden Sie sich hier: datenschutz@julep.de

Yet another BND podcast with two great guests for the price of one! Join our host, Mike Slater, as he gabs with: Mike Rogers, Candidate for U.S. Senate in Michigan, on how his campaign in the wolverine state has been going thus far. If he wins, that's a BIG pickup for the GOP. MAGA! and... U.S. Congressman Greg Steube (R-FL-17) with an insider's glimpse into the wacky inner workings of America's federal government. It's a mess in there, but we're lucky to have America First warriors like him fighting the good fight. Yeehaw! Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Nach dem 11. September verändert sich die Welt der Geheimdienste - und der Kampf gegen Terror bekommt eine neue Dimension. In Folge 2 spricht Paul Ronzheimer mit Ex-BND-Mann Gerhard Conrad über die Jahre nach 9/11, über Syrien, Irak, Afghanistan und die Frage, wie Geheimdienste Quellen überprüfen - und wie oft sie belogen werden. Es geht um Verhandlungen mit Terroristen, Geiselnahmen im Nahen Osten, den Austausch des israelischen Soldaten Gilad Shalit, den 7. Oktober als „Intelligence Failure“ - und darum, was Dienste wirklich wissen, wenn Politiker über Irans Atomprogramm sprechen.

Paul Ronzheimer spricht mit Gerhard Conrad, einem der erfahrensten deutschen Geheimdienstler, über seinen Weg zum BND, seine Arbeit in Pullach und seine Zeit als Resident in Damaskus. Conrad erzählt, wie man früher für den Nachrichtendienst ausgewählt wurde, warum Arabischkenntnisse plötzlich sicherheitspolitisch entscheidend wurden – und wie es war, in Syrien Bashar al-Assad zu begegnen, bevor dieser Präsident wurde. Es geht um Geheimhaltung, falsche Berufslegenden, die Arbeit mit Quellen, die deutsche Nahostpolitik vor dem 11. September – und um die Frage, wie man Diktaturen einschätzt, bevor sie zerbrechen.

President Donald J. Trump recently reposted a photo of himself as Jesus on his Truth Social platform. This led to a hubbub online. What does Mike Slater, proud BND radio host and Christian, have to say about all of this? Tune in and find out! Following that opener, Slater gabs with RNC Chairman about Tax Day in America and what the future holds for the GOP in the 2026 Midterm Elections. MAGA!  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Our memorable host, Mike Slater, solicits opinions on the ongoing war in Iran from listeners like YOU on today's BND podcast. Don't miss these incredible hot takes and Slater's reactions to them! Following that opener, Mike speaks with Breitbart's Economics Editor, John Carney, about how the United States of America is doing in a financial sense under Trump 2.0. What's good and what's bad with our money? Guess you'll have to tune in to find out out! MAGA! Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This episode cuts through the marketing fog around “financial advisors,” breaking them into three real categories—brokers, insurance agents, and fiduciary investment advisors—and exposing how incentives, commissions, and murky regulations shape the advice investors receive. Don and Tom highlight the industry's gradual shift away from commissions while warning that titles like “fiduciary” or “CFP” don't guarantee behavior. A listener segment dives into retirement portfolio construction, clarifying misconceptions about bond funds like BND, sequence risk strategies, and the role of safe assets. The episode closes by reframing trendy concepts like “liability matching portfolios” as common-sense planning: keep near-term spending safe and let long-term money grow.0:05 Three types of “financial advisors” and why the title means nothing0:51 Brokers vs RIAs vs insurance agents—what they actually do2:10 Fiduciary confusion and “part-time fiduciaries”3:10 How brokers really operate (transactions, firm-first incentives)6:00 Insurance agents, annuities, and massive hidden commissions7:47 Regulation gaps and misleading “no commission” language8:15 Investment advisors (RIAs) and the fiduciary standard (with caveats)9:42 CFP designation—rigorous, but not a guarantee of behavior10:36 Portfolio reality: “a collection of ideas” vs an actual plan11:50 Industry trend: slow death of commissions and rise of fee-only15:13 Listener: retirement portfolio, glide path, and bond confusion18:15 BND vs Treasuries—risk, diversification, and reality19:59 Sequence risk strategy—lower equities early, increase later21:31 2022 bond drop explained (rates, not failure)23:11 Managing volatility fear—cash buffers vs bond funds24:01 Practical solution: mix of bonds, CDs, and cash28:07 Liability Matching Portfolio (LMP) vs “bucket strategy”31:01 Core takeaway: match short-term needs with safe assets, let rest growQuestions? Comments? Click!

This episode shifts from investing to the growing threat of scams—especially targeting older adults—breaking down how common fraud tactics work, from fake virus alerts and spoofed calls to AI-driven voice cloning and recovery scams. Don and Tom emphasize a simple but powerful rule: if you didn't initiate the contact, assume it's a scam, and never act under pressure. The conversation then pivots to listener questions, covering how to construct a globally diversified portfolio with proper U.S./international balance, how to structure fixed income for retirement income needs, and why investors should resist the urge to “take winnings” after gains—focusing instead on long-term discipline and occasional rebalancing.0:05 Scams targeting older adults and why susceptibility increases1:21 AARP article and life in The Villages as a scam hotspot backdrop3:05 Fake virus alerts and tech support scams (iPad example, $25K loss)6:10 Scale of scam losses (older Americans, underreporting, $5B+ impact)6:48 Common scam types: fake purchases, investment fraud, and urgency tactics7:23 Caller ID spoofing and law enforcement impersonation scams8:25 AI voice cloning and evolving scam sophistication8:39 Call screening tools and reducing scam exposure9:53 Bank impersonation scams using stolen personal data11:14 IRS scams—what the IRS actually does (mail only)11:57 Key defense rule: urgency = scam12:47 “Recovery scams” targeting prior victims13:27 Core principle: assume unsolicited contact is fraudulent14:44 Transition to listener Q&A intro and contact methods16:07 Portfolio construction: balancing U.S. vs international exposure using ETFs18:00 Fixed income strategy: BND vs CDs, money markets, income buckets19:26 Listener question: should you “take profits” after gains?20:03 Why long-term investing ≠ gambling (stay invested vs timing)21:39 Exception: rebalancing vs profit-taking22:38 Historical perspective on long-term economic growthQuestions? Comments? Click!

Als Chef der Spionageabwehr DDR kennt Hansjoachim Tiedge (gest. 6.4.2011) die Geheimnisse westdeutscher Geheimdienstarbeit - und verrät sie alle, ausgerechnet an die DDR. Von Martin Herzog.

Manipulierte Chiffriergeräte, ein Geheimdienstchef aus Hitlers Wehrmacht und fatale Fehleinschätzungen - unter anderem vor dem Ukraine-Krieg: Zum 70. Geburtstag des Bundesnachrichtendienstes erzählt Geheimdienst-Experte Florian Flade vom WDR, wie aus der „Organisation Gehlen“ der BND wurde. Wie die Operation Rubikon zum selbsterklärten Spionage-Coup des Jahrhunderts für BND und CIA wurde und warum der deutsche Auslandsgeheimdienst heute zwischen Russland, Terrorismus, KI-Überwachung und dem Druck zur Reform neu definiert werden muss. 11KM ist am 9. Mai beim ARD Sounds Festival dabei. Alle Infos und Tickets hier: https://www.ardsoundsfestival.de/#/ Hier findet ihr die 11KM-Folge “BND-Reform: Ein bisschen mehr James Bond?”: https://1.ard.de/11KM_BND_Reform Hier geht's zu Welt.Macht.China, unserem Podcast-Tipp: https://1.ard.de/weltmachtchina?cp=11km Diese und viele weitere Folgen von 11KM findet ihr überall da, wo es Podcasts gibt, auch hier in ARD Sounds: https://www.ardsounds.de/sendung/11km-der-tagesschau podcast/urn:ard:show:4549910994dc2464/ An dieser Folge waren beteiligt: Folgenautor: Julius Bretzel Mitarbeit: Sebastian Schwarzenböck, Nicole Dienemann Host: David Krause Produktion: Christiane Gerheuser-Kamp, Konrad Winkler, Jonas Teichmann, Alexander Gerhardt und Marie-Noelle Svihla Planung: Nicole Dienemann und Hardy Funk Distribution: Kerstin Ammermann Redaktionsleitung: Yasemin Yüksel und Fumiko Lipp 11KM: der tagesschau-Podcast wird produziert von BR24 und NDR Info. Die redaktionelle Verantwortung für diese Episode liegt beim NDR.

Questions? Comments?This Friday Q&A episode tackles several thoughtful listener questions covering 401(k) investment choices, Roth conversion strategies, bond market fears, inherited IRA planning, and investment club mechanics. Don explains why opaque collective investment trusts and “cycle” funds often hide market-timing strategies, cautions against making large Roth conversions based on predictions about future tax rates, and reassures investors worried about inflation and national debt that markets already incorporate widely known risks. The episode closes with a practical endorsement of a listener's strategy to gradually withdraw from an inherited IRA to fund Roth contributions, emphasizing simplicity, discipline, and avoiding emotionally driven portfolio decisions.0:04 Don realizes the intro still says “radio” even though the show is now mostly a podcast.0:26 Friday Q&A format explained and reminder to submit questions at TalkingRealMoney.com.1:00 Question 1: 33-year-old with $330k in a 401(k) invested in opaque “intermediate cycle” and wealth-preservation funds.2:26 Don explains collective investment trusts (CITs) and why their lack of transparency is problematic.5:25 Market-timing strategies disguised as “cycle” funds and why simple equity funds may be better.6:47 Question 2: Listener corrects earlier discussion about transferring securities from investment clubs.8:37 How in-kind transfers can avoid capital gains when leaving an investment club—depending on club rules and brokerage policies.10:31 Question 3: Complex Roth conversion strategy involving IRMAA tiers and future tax assumptions.14:31 Don warns against making large conversions based on predictions about future tax rates.16:07 Why gradual conversions preserve flexibility compared with large upfront tax bets.17:28 Question 4: Concern about national debt and whether to replace BND with VTIP (TIPS).18:56 Don argues markets already price known risks like debt and inflation expectations.20:11 How TIPS work and when they actually help investors.21:46 Reminder that emotional reactions to economic fears often lead to bad portfolio decisions.22:10 Question 5: Using withdrawals from an inherited IRA to fund Roth IRA contributions.22:52 Strategy: withdraw gradually to fund Roth contributions while staying within tax brackets.24:15 Don endorses the plan as simple, tax-efficient, and compliant with the 10-year inherited IRA rule.25:09 Closing comments and reminder to submit questions.Learn more about your ad choices. Visit megaphone.fm/adchoices

This Friday Q&A episode tackles several thoughtful listener questions covering 401(k) investment choices, Roth conversion strategies, bond market fears, inherited IRA planning, and investment club mechanics. Don explains why opaque collective investment trusts and “cycle” funds often hide market-timing strategies, cautions against making large Roth conversions based on predictions about future tax rates, and reassures investors worried about inflation and national debt that markets already incorporate widely known risks. The episode closes with a practical endorsement of a listener's strategy to gradually withdraw from an inherited IRA to fund Roth contributions, emphasizing simplicity, discipline, and avoiding emotionally driven portfolio decisions. 0:04 Don realizes the intro still says “radio” even though the show is now mostly a podcast. 0:26 Friday Q&A format explained and reminder to submit questions at TalkingRealMoney.com. 1:00 Question 1: 33-year-old with $330k in a 401(k) invested in opaque “intermediate cycle” and wealth-preservation funds. 2:26 Don explains collective investment trusts (CITs) and why their lack of transparency is problematic. 5:25 Market-timing strategies disguised as “cycle” funds and why simple equity funds may be better. 6:47 Question 2: Listener corrects earlier discussion about transferring securities from investment clubs. 8:37 How in-kind transfers can avoid capital gains when leaving an investment club—depending on club rules and brokerage policies. 10:31 Question 3: Complex Roth conversion strategy involving IRMAA tiers and future tax assumptions. 14:31 Don warns against making large conversions based on predictions about future tax rates. 16:07 Why gradual conversions preserve flexibility compared with large upfront tax bets. 17:28 Question 4: Concern about national debt and whether to replace BND with VTIP (TIPS). 18:56 Don argues markets already price known risks like debt and inflation expectations. 20:11 How TIPS work and when they actually help investors. 21:46 Reminder that emotional reactions to economic fears often lead to bad portfolio decisions. 22:10 Question 5: Using withdrawals from an inherited IRA to fund Roth IRA contributions. 22:52 Strategy: withdraw gradually to fund Roth contributions while staying within tax brackets. 24:15 Don endorses the plan as simple, tax-efficient, and compliant with the 10-year inherited IRA rule. 25:09 Closing comments and reminder to submit questions. Learn more about your ad choices. Visit megaphone.fm/adchoices

Questions? Comments?This episode dives into the surprisingly emotional world of fixed income investing, exploring whether traditional bond funds like BND still make sense or if newer laddered bond ETFs offer a psychological edge by returning principal at a set maturity date. Don and Tom unpack how these ETFs compare to CD ladders, why capital gains should never be expected from bonds, and how investor psychology often drives the preference for “certainty.” They also congratulate Dimensional Fund Advisors on reaching $1 trillion in assets, discuss whether laddering target-date funds makes planning easier or just more complicated, and answer listener questions about transferring accounts from Morgan Stanley to Vanguard and managing tax consequences along the way.0:04 Bonds vs. crypto — why fixed income feels boring but matters1:02 Why bonds exist in portfolios (stability, income, not growth)2:18 Introduction to laddered bond ETFs (Invesco, iShares, Vanguard)3:51 Bond returns in 2025 and the “don't expect capital gains” rule5:03 The psychological problem with bond funds (they never mature)6:54 How target-maturity bond ETFs differ from traditional bond funds11:28 Yield comparisons across laddered maturities vs. BND13:14 When laddered ETFs might make sense (income timing, certainty)15:09 Dimensional Fund Advisors reaches $1 trillion in assets19:57 Listener: Laddering target-date funds instead of bonds23:19 Listener: Transferring IRA and taxable accounts to VanguardLearn more about your ad choices. Visit megaphone.fm/adchoices

This episode dives into the surprisingly emotional world of fixed income investing, exploring whether traditional bond funds like BND still make sense or if newer laddered bond ETFs offer a psychological edge by returning principal at a set maturity date. Don and Tom unpack how these ETFs compare to CD ladders, why capital gains should never be expected from bonds, and how investor psychology often drives the preference for “certainty.” They also congratulate Dimensional Fund Advisors on reaching $1 trillion in assets, discuss whether laddering target-date funds makes planning easier or just more complicated, and answer listener questions about transferring accounts from Morgan Stanley to Vanguard and managing tax consequences along the way. 0:04 Bonds vs. crypto — why fixed income feels boring but matters 1:02 Why bonds exist in portfolios (stability, income, not growth) 2:18 Introduction to laddered bond ETFs (Invesco, iShares, Vanguard) 3:51 Bond returns in 2025 and the “don't expect capital gains” rule 5:03 The psychological problem with bond funds (they never mature) 6:54 How target-maturity bond ETFs differ from traditional bond funds 11:28 Yield comparisons across laddered maturities vs. BND 13:14 When laddered ETFs might make sense (income timing, certainty) 15:09 Dimensional Fund Advisors reaches $1 trillion in assets 19:57 Listener: Laddering target-date funds instead of bonds 23:19 Listener: Transferring IRA and taxable accounts to Vanguard Learn more about your ad choices. Visit megaphone.fm/adchoices

Questions? Comments?Don and Tom tackle S&P 500 concentration risk and the dominance of the Magnificent Seven, explaining why diversification still matters despite compelling active management narratives. They clarify the difference between currency and investment in a pointed Bitcoin vs. U.S. dollar discussion, then pivot to fixed income strategy—highlighting why low-cost, large-scale bond funds like BND often outperform higher-fee “active” alternatives that quietly take more credit risk. Listener calls cover 401(k) catch-up contributions, bond ETF selection for retirement income planning, and whether using excess RMD funds for Roth conversions really adds value after taxes and IRMAA considerations. As always, the theme is disciplined investing over storytelling.0:04 Technical chaos intro and why better investing still matters1:32 S&P 500 concentration risk and the “Magnificent Seven” problem2:40 The dangerous “but” in diversification pitches3:43 Small, value, and momentum factors explained briefly5:33 Active management as narrative creation9:57 Bitcoin vs. U.S. dollar as currency vs. investment13:29 What actually makes something an investment15:08 Bond ETFs for retirement years 5–8: BND vs. Avantis17:42 Why bond fund size and expenses matter21:36 Active bond ETFs, credit risk, and hidden tradeoffs25:38 401(k) catch-up contributions clarified30:21 Roth conversions, RMD strategy, and tax math realities34:09 IRMAA considerations and Medicare premium surprisesLearn more about your ad choices. Visit megaphone.fm/adchoices

Don and Tom tackle S&P 500 concentration risk and the dominance of the Magnificent Seven, explaining why diversification still matters despite compelling active management narratives. They clarify the difference between currency and investment in a pointed Bitcoin vs. U.S. dollar discussion, then pivot to fixed income strategy—highlighting why low-cost, large-scale bond funds like BND often outperform higher-fee “active” alternatives that quietly take more credit risk. Listener calls cover 401(k) catch-up contributions, bond ETF selection for retirement income planning, and whether using excess RMD funds for Roth conversions really adds value after taxes and IRMAA considerations. As always, the theme is disciplined investing over storytelling. 0:04 Technical chaos intro and why better investing still matters 1:32 S&P 500 concentration risk and the “Magnificent Seven” problem 2:40 The dangerous “but” in diversification pitches 3:43 Small, value, and momentum factors explained briefly 5:33 Active management as narrative creation 9:57 Bitcoin vs. U.S. dollar as currency vs. investment 13:29 What actually makes something an investment 15:08 Bond ETFs for retirement years 5–8: BND vs. Avantis 17:42 Why bond fund size and expenses matter 21:36 Active bond ETFs, credit risk, and hidden tradeoffs 25:38 401(k) catch-up contributions clarified 30:21 Roth conversions, RMD strategy, and tax math realities 34:09 IRMAA considerations and Medicare premium surprises Learn more about your ad choices. Visit megaphone.fm/adchoices

Questions? Comments?In this Friday Q&A episode of Talking Real Money, Don tackles five thoughtful listener questions ranging from confusing 401(k) collective investment trusts and investment club withdrawals to Roth conversion strategies, inflation fears in bond portfolios, and inherited IRA planning. Along the way, he emphasizes transparency over opacity, flexibility over prediction, and discipline over emotion. Don pushes back against fear-driven investing decisions, cautions against large tax moves based on uncertain futures, explains when TIPS do (and don't) make sense, and praises a listener's smart inherited IRA-to-Roth strategy. Note: listener call audio has been enhanced with a new tool, making callers sound almost like they're in the studio. Let us know what you think.0:04 Podcast vs. radio intro, Friday Q&A format, and improved caller audio quality1:00 How listeners submit questions through TalkingRealMoney.com1:44 33-year-old with $330K in a 401(k) and confusing collective investment trusts4:26 Why “intermediate cycle” funds are market timing in disguise6:47 Investment club withdrawals and in-kind transfers after Schwab/TD merger9:23 Why there's no universal rule for investment club distributions9:58 Complex Roth conversion plan and IRMAA concerns14:31 Why large Roth conversions rely too heavily on tax predictions16:59 The case for slow, flexible, incremental conversions17:28 National debt fears and switching from BND to TIPS20:47 When TIPS actually help and why panic reallocations fail21:46 Emotional control as the core investing skill22:10 Inherited IRA strategy to fund Roth contributions24:15 Why spreading withdrawals over 10 years makes sense25:09 Listener growth, competition with Stacking Benjamins, and call to actionLearn more about your ad choices. Visit megaphone.fm/adchoices

In this Friday Q&A episode of Talking Real Money, Don tackles five thoughtful listener questions ranging from confusing 401(k) collective investment trusts and investment club withdrawals to Roth conversion strategies, inflation fears in bond portfolios, and inherited IRA planning. Along the way, he emphasizes transparency over opacity, flexibility over prediction, and discipline over emotion. Don pushes back against fear-driven investing decisions, cautions against large tax moves based on uncertain futures, explains when TIPS do (and don't) make sense, and praises a listener's smart inherited IRA-to-Roth strategy. Note: listener call audio has been enhanced with a new tool, making callers sound almost like they're in the studio. Let us know what you think. 0:04 Podcast vs. radio intro, Friday Q&A format, and improved caller audio quality 1:00 How listeners submit questions through TalkingRealMoney.com 1:44 33-year-old with $330K in a 401(k) and confusing collective investment trusts 4:26 Why “intermediate cycle” funds are market timing in disguise 6:47 Investment club withdrawals and in-kind transfers after Schwab/TD merger 9:23 Why there's no universal rule for investment club distributions 9:58 Complex Roth conversion plan and IRMAA concerns 14:31 Why large Roth conversions rely too heavily on tax predictions 16:59 The case for slow, flexible, incremental conversions 17:28 National debt fears and switching from BND to TIPS 20:47 When TIPS actually help and why panic reallocations fail 21:46 Emotional control as the core investing skill 22:10 Inherited IRA strategy to fund Roth contributions 24:15 Why spreading withdrawals over 10 years makes sense 25:09 Listener growth, competition with Stacking Benjamins, and call to action Learn more about your ad choices. Visit megaphone.fm/adchoices

Two great guests for the price of one yet again on the BND podcast!Our phenomenal host, Mike Slater, begins by speaking with Breitbart's World Editor, Frances Martel, about various international stories that are impacting the Trump 2.0 administration. You'll want to hear her thoughts on Venezuela, Iran, and beyond!Following that opener, Slater talks to U.S. Congressman Bryan Steil (R-WI-01) about his recently introduced legislation that would limit representatives like him from buying and selling in the U.S. stock market. Is this a good or bad idea? How likely is it to pass? All of this and more will be answered in another dynamic conversation! Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

A holiday-flavored Friday Q&A that covers a lot of ground without selling a single candy cane. Don answers listener questions on Medicare vs. Medicare Advantage (and the IRMAA buzzsaw), how to safely reposition an elderly parent's taxable account, whether to ditch target-date funds for a DIY equity portfolio, how to think about international small-cap ETFs, why teaching kids to pick stocks is a terrible idea, and what to expect when a “free portfolio review” comes from a company whose name literally includes the word annuity. Skeptical, practical, and very on-brand. 0:17 Corny holiday Q&A musical intro and setup 0:33 Friday Q&A format, how questions get on the show, and holiday vibe 2:00 Medicare vs. Medicare Advantage, IRMAA penalties, and why private insurers are exhausting 3:37 Why capital gains can make Medicare shockingly expensive 4:15 The profit motive problem with Medicare Advantage plans 4:37 Question transition and listener call-in reminder 5:43 Managing an 82-year-old's taxable account: safety vs. yield 6:18 Why bond funds like BND diversify interest-rate risk better than savings accounts 7:15 CD ladders: how they work and why discipline matters 7:39 Treasury funds vs. total bond funds for capital preservation 7:47 Closing thoughts on preservation-focused portfolios 8:52 Target-date funds vs. DIY 401(k) portfolios 9:20 Glide paths, rebalancing, and what target-date funds do well 10:35 100% equity risk, volatility, and why down markets help accumulators 10:53 Choosing between AVDV and AVES (international small value vs. emerging markets) 11:47 Why the correct answer is often “both” 12:33 Teaching high school students about investing 13:52 Why stock-picking education reinforces a dangerous myth 14:28 Luck vs. skill and the evidence against beating the market 15:39 Index funds, market efficiency, and investor behavior 16:49 Morningstar vs. other research tools 17:18 Empower's “free portfolio review” and what might be coming next 18:06 Portfolio concentration concerns and tech exposure 19:33 Humor break and annuity skepticism 20:55 What Empower actually is and what that implies 21:16 Empower as an RIA and how to treat their recommendations 21:52 Getting a second opinion from a fee-only advisor 22:58 Thanks, holiday wrap-up, and call for more questions Learn more about your ad choices. Visit megaphone.fm/adchoices