Wednesday Jul 17, 2024

Mr. Money Talks: Navigating Financial Planning and Economic Trends (05/04/24)

Dive into the world of financial mastery with Mark Rothstein in this episode of "Mr. Money Talks," where he is joined by a financial expert to discuss crucial strategies for financial planning and investment. They cover everything from the benefits of tax planning throughout the year and strategic retirement savings to the nuanced implications of relocating to lower-tax states. Further, the conversation pivots to an in-depth analysis of the current U.S. economic climate—unpacking the complexities of GDP growth, inflation rates, and labor market shifts. Rothstein also shares insights on the Fed's likely stance on interest rates amidst evolving economic indicators. Whether you're looking to optimize your tax strategy or understand broader economic trends, this episode provides valuable guidance to navigate these turbulent financial waters.

Sources:

https://www.usatoday.com/story/money/2024/04/11/which-states-cost-the-most-in-lifetime-taxes/73279496007/

https://www.irs.gov/newsroom/when-a-taxpayer-should-file-an-amended-federal-tax-return

https://www.thinkadvisor.com/2024/04/17/irs-waives-2024-rmds-for-ira-beneficiaries-under-10-year-rule/#:~:text=%E2%80%9CFor%20the%204th%20year%2C%20IRS,2024%2D35%2C%20released%20Tuesday.

https://www.wsj.com/personal-finance/retirement/retire-at-65-its-more-like-62-d5f943c4

https://www.usatoday.com/story/money/personalfinance/2024/04/18/where-are-highest-savings-interest-rates/73344558007/

https://www.wsj.com/economy/central-banking/fed-chair-jerome-powell-projects-optimism-but-inflation-data-are-in-the-drivers-seat-2e729027

https://www.usatoday.com/story/money/2024/04/25/gdp-report-first-quarter/73437532007/

https://www.usatoday.com/story/money/2024/04/26/pce-inflation-report-march/73437546007/

https://www.wsj.com/finance/stocks/global-stocks-markets-dow-news-04-30-2024-0f6022cd

https://www.wsj.com/buyside/personal-finance/fed-rate-decision-may-2024-savings-cds-df0443f9

https://www.wsj.com/finance/investing/stock-funds-9-1-gain-first-quarter-b0fc373f