Don and Tom kick off this episode with a satirical bang—mocking the apocalyptic tone of a MarketWatch article about the “Fourth Turning,” a cyclical doom prophecy claiming America faces a cataclysmic reset every 80–100 years. Citing wars, depressions, and now AI, wealth taxes, and the fall of the dollar, the hosts break down the fatalistic tone, expose the fear-marketing behind it, and reassure listeners that, historically, markets have recovered—and rewarded long-term investors.
0:04 Faux alien warning: the Fourth Turning economic apocalypse is coming
1:16 Dissecting the MarketWatch article and the “Fourth Turning” theory
2:26 Peak catastrophe by 2030? AI job loss, collapsing dollar, wealth taxes
3:38 Don asks: what is this guy selling? Spoiler: $100M wealth club
6:01 $180k to join R360—clearly not for the average listener
6:33 Don’s “financial flinch reflex” PSA spoof (ad)
7:41 Tom: “We love being scared”—AI panic and deepfake video fears
9:07 Caller Sue (68): Ready to retire with $820k and SS? Don says yes
13:05 Sue’s next step: get a fiduciary checkup, maybe run Monte Carlo
14:10 Tom runs one: 50th percentile = she hits zero at 98
15:32 Flexible withdrawal rates might work better than rigid 4%
16:34 Listener voicemail: Should we switch from Roth to Traditional now?
18:16 DT’s Roth vs. traditional strategy: save taxes while you can
20:14 WSJ article on taxes and stock gains—do ETFs instead
21:25 Tax basics for investors: capital gains rates and efficiency
23:26 Mad Men nostalgia and mid-century tax rates
25:15 TV detour: Bewitched vs. I Dream of Jeannie vs. Outlander
27:10 Back to calls: Theodore asks about 403(b) options in Burlington
29:10 Don explodes: garbage annuity vendors dominate the plan
31:01 Aspire is the only halfway-decent vendor… if you avoid their advisors
33:54 Don tells how an Albuquerque teacher got Vanguard into their plan
35:44 Aspire hack: use FundSource for no-load mutual funds
36:14 Caller Steve: hold 20 stocks or sell and rebalance?
37:53 Tom: hybrid approach. Don: depends on need. Watch tax bracket
Learn more about your ad choices. Visit megaphone.fm/adchoices
