Should You Stop Saving for Retirement Because of AI? (FQF)

This week on Five Question Friday (FQF):

Question 1: Elon Musk says saving for retirement is pointless. Is he right?

Question 2: Why do RMDs matter if you have to take the money out anyway?

Question 3: Do you tell your kids how much money you have?

Question 4: Should you fund gifts to your kids from your IRA or your brokerage account?

Question 5: What are direct indexing and tax-loss harvesting, and how are they connected?

Resources mentioned in the video:

Musk on saving for retirement (Business Insider): https://finance.yahoo.com/economy/articles/elon-musk-says-long-term-095852337.html

Schwab RMD calculator: https://www.schwab.com/ira/ira-calculators/rmd

Fidelity 2025 Family and Finance Study: https://preview.thenewsmarket.com/Previews/FINP/DocumentAssets/707745.pdf

Boldin: https://go.robberger.com/boldin/yt-fqf-2026-11-06

ProjectionLab: https://go.robberger.com/projectionlab/yt-fqf-2026-11-06

IRS Net Investment Income Tax Q&A: https://www.irs.gov/newsroom/questions-and-answers-on-the-net-investment-income-tax

IRS gift tax FAQ: https://www.irs.gov/businesses/small-businesses-self-employed/frequently-asked-questions-on-gift-taxes

Fidelity Managed FidFolios, U.S. Large Cap Index: https://digital.fidelity.com/prgw/digital/managed-fidfolios/fidfolios/details/USLargeCap?taxManaged=false

Schwab Personalized Indexing: https://www.schwab.com/direct-indexing

AQR, Beyond Direct Indexing: https://www.aqr.com/-/media/AQR/Documents/Journal-Articles/AQR-JBISFall23-Beyond-Direct-Indexing-Dynamic-Direct-LongShort-Investing.pdf

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0:00 Intro: this week's five questions
0:43 A warning about imposter emails
1:28 Elon Musk on saving for retirement
4:16 Why RMDs matter
8:12 Telling your kids what you have
10:14 Gifting from an IRA or a brokerage account
18:12 Direct indexing and tax-loss harvesting

ABOUT ME

While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. I've since sold my websites, bought them back, and started a new website and this YouTube channel.

I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom (https://amzn.to/3by10EE)

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