Episode 286: A 457 Plan, A Leveraged Portfolio And Lido Advisors Walked Into Our Dive Bar

<p>In this episode we answer emails from Kyle, Blake and Matt.  We discuss investing in a 457 plan with a self-directed option, Blake&apos;s gambling problem -- err, very interesting leveraged portfolio, and how to evaluate RIAs through their SEC filings as applied to Lido.<br/><br/>Links:<br/><br/>Analysis of Total Market vs. 60/20/20 vs. Large cap/small cap value portfolios:  <a href='https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&amp;mode=1&amp;timePeriod=2&amp;startYear=1972&amp;firstMonth=1&amp;endYear=2023&amp;lastMonth=12&amp;calendarAligned=true&amp;includeYTD=false&amp;initialAmount=10000&amp;annualOperation=0&amp;annualAdjustment=0&amp;inflationAdjusted=true&amp;annualPercentage=0.0&amp;frequency=4&amp;rebalanceType=1&amp;absoluteDeviation=5.0&amp;relativeDeviation=25.0&amp;leverageType=0&amp;leverageRatio=0.0&amp;debtAmount=0&amp;debtInterest=0.0&amp;maintenanceMargin=25.0&amp;leveragedBenchmark=false&amp;portfolioNames=false&amp;portfolioName1=Portfolio+1&amp;portfolioName2=Portfolio+2&amp;portfolioName3=Portfolio+3&amp;asset1=TotalStockMarket&amp;allocation1_1=60&amp;allocation1_2=100&amp;allocation1_3=50&amp;asset2=MidCapBlend&amp;allocation2_1=20&amp;asset3=SmallCapBlend&amp;allocation3_1=20&amp;asset4=SmallCapValue&amp;allocation4_3=50'>Backtest Portfolio Asset Class Allocation (portfoliovisualizer.com)</a><br/><br/>Michael Kitces article re Four Phases of Retirement Planning:  <a href='https://www.kitces.com/blog/best-retirement-advice-depends-on-accumulation-phase/'>The Four Phases Of Saving For Retirement (kitces.com)</a><br/><br/>Lido Firm Brochure (Part 2A of SEC Form ADV):  <a href='https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=836681'>crd_iapd_Brochure.aspx (sec.gov)</a><br/><br/>OASDX:  <a href='https://www.morningstar.com/funds/xnas/oasdx/quote'>OASDX – Oakhurst Strategic Defined Risk Instl Fund Stock Price | Morningstar</a><br/><br/>Walk4McKenna:  <a href='https://fathermckennacenter.org/walk4mckenna/'>Walk4McKenna - F