After a bump in crypto-fueled listener calls, Don tackles a mix of practical and philosophical money questions: why Fidelity’s new “stablecoin” isn’t an investment at all, whether a heavily conditioned city 401k match is worth the risk versus a flexible Roth 457, how to safely reposition an 85-year-old’s idle savings without sacrificing liquidity, and why actively managed mutual funds can generate painful surprise tax bills. The episode closes with the return of Bitcoin Bob, sparking a spirited debate over whether Bitcoin is a currency, a commodity, or a “store of wealth” — and whether something that swings 50% qualifies for that title.

0:04 Crypto episode follow-up, listener call surge, and AI voice processing update

1:52 Fidelity’s new stablecoin FIDD — why it’s pointless for investors

3:41 City retirement plan dilemma: conditional 401k match vs. Roth 457 flexibility

8:24 When complicated employer matches aren’t worth the hoops

9:31 Helping an 85-year-old move idle savings — high-yield savings vs. brokerage

11:40 Janus mid-cap fund capital gains surprise and ETF tax efficiency

13:11 Why mid-cap alone isn’t diversification — broader ETF alternatives

15:19 Bitcoin Bob returns: currency vs. commodity vs. “store of wealth”

19:53 Volatility reality check — why Bitcoin fails the store-of-wealth test

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