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

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