Mr. Money Talks: Navigating Retirement Fears and Financial Preparedness (9/21/24)

Live broadcast 9/21/24

 

In this episode, financial expert Mark Rothstein, known as "Mr. Money," delves into the growing concerns Americans have about retirement, including the fear of retirement being more prevalent than the fear of death. He explores the key drivers behind these retirement fears, such as rising long-term care costs, poor investment decisions, and the challenge of maintaining a desired standard of living. Rothstein also discusses the recent Federal Reserve interest rate cut and its implications for mortgages, credit cards, and the stock market. Additionally, he provides insights into the potential impact of the expiration of the 2017 Tax Cuts and Jobs Act on individual tax liabilities. Listeners will gain valuable strategies for managing their finances, securing the best bank interest rates, and staying informed about important financial reports and vehicle recalls.

 

Sources:

• What's more scary than dying? Many Americans say retirement. (usatoday.com)
• The Federal Reserve Pivots to Fight Unemployment - WSJ
• Americans Are Falling Behind on Their Bills. Wall Street Is Alarmed. - WSJ
• Americans Are Desperate for Relief. The Rate Cut Is a Glimmer of Hope. - WSJ
• Stocks Slip After Fed Cuts Rates - WSJ
• Trump's Tax Cuts Could Expire in 2025. If They Do, Here's Where/Who Will Feel It the Most. - WSJ
• 2024 Tax Reference Guide (pimco.com)
• What if I can’t pay my taxes? | Internal Revenue Service (irs.gov)
• Lock in your CD rates now. The Fed's expected to cut rates in 10 days. (usatoday.com)
• Tech checkup: How to review credit reports, medical data, car recalls (usatoday.com)
• Eight in 10 Americans worried over election's impact on their nest eggs - Investment News
• Voters Love the Policies That Economists Love to Hate - WSJ
• What Money Issues and Food Have in Common - Articles - Advisor Perspectives
• What Can Your Small Business Do Now to Lower Taxes for 2024? (bza.me)
• Seven Reasons to Update Your Will (dhclawyers.com)