Episodes
Wednesday Oct 02, 2024
Wednesday Oct 02, 2024
Live Broadcast 9/28/24
Mark Rothstein (Mr. Money), discussed common financial regrets, emphasizing the importance of saving for retirement and emergencies. He highlighted the necessity of understanding financial patterns and the benefits of long-term investing. Rothstein shared key financial facts: corrections occur annually, bear markets every three to five years, and historically, bear markets have turned into bull markets. He stressed the importance of staying invested, minimizing fees, and being tax-efficient. Rothstein also provided an income tax update, advising listeners to file by October 15 and consider tax professionals for better returns.
Sources:
What Happens if You Don’t File Your Taxes by April 15 - WSJ
Extension filer reminder: Choose a tax preparer carefully | Internal Revenue Service (irs.gov)
IRS has options to help people who missed the April filing deadline | Internal Revenue Service
Pros and Cons of Waiting Until the Last Minute to File Your Taxes | Taxes | U.S. News (usnews.com)
More Americans claim caretaker tax benefits for looking after parents (usatoday.com)
Monday Sep 30, 2024
Monday Sep 30, 2024
In this episode, financial expert Mark Rothstein, aka "Mr. Money," delves into the intricacies of tax planning, working in retirement, and the latest economic trends. He provides valuable insights on when to hire a tax professional, the benefits and challenges of continued employment, and his analysis of the Federal Reserve's interest rate decisions. Listeners will gain practical knowledge to optimize their financial well-being.
Monday Sep 30, 2024
Monday Sep 30, 2024
In this episode, financial expert Mark Rothstein, also known as "Mr. Money," discusses the recent $418 million settlement between realtors and the National Association of Realtors, which is set to bring significant changes to the home buying and selling process. He also delves into valuable tax-saving strategies, including education tax credits and deductions, as well as common mistakes to avoid with IRAs and 401(k) withdrawals. Listeners will gain insights to help them make informed financial decisions.
Monday Sep 30, 2024
Monday Sep 30, 2024
In this episode, financial expert Mark Rothstein, aka "Mr. Money," delves into the challenges and considerations for those looking to retire before the age of 65. He discusses the importance of healthcare coverage, exploring options like COBRA, the Affordable Care Act (ACA) marketplace, and strategies to minimize costs during the pre-Medicare years. Listeners will gain valuable insights to help them make informed decisions about their retirement planning and healthcare needs.
Sunday Sep 29, 2024
Sunday Sep 29, 2024
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)
Sunday Sep 22, 2024
Sunday Sep 22, 2024
Live Broadcast 9/14/24
In this episode, Mr. Money delves into the crucial financial considerations for couples, whether they're tying the knot for the first time or remarrying. From communication and combining finances to retirement planning and estate management, Mr. Money offers invaluable insights to help couples avoid potential conflicts and ensure a financially secure future.
Sources:
Stock Funds Are Up 12.6% in 2024 - WSJ
Stock market recap: Recession fears send global markets plunging (usatoday.com)
Stocks Rebound to Notch Best Week of 2024 - WSJ
Fed Clears Path for September Interest Rate Cut - WSJ
Fed leaves interest rates unchanged, opens door to rate cut soon (usatoday.com)
You Haven’t Filed Your Tax Returns in Recent Years? The IRS Is Coming - WSJ
Sole Proprietorship vs. LLC: Which Should You Choose? | CO- by US Chamber of Commerce
Financial Tips for Later-in-Life Marriage | Charles Schwab
Are You Using the Right Tax Breaks to Boost Investment Returns? - WSJ
Ed Slott: Time for Some Clients to Ditch Traditional IRAs | ThinkAdvisor
Taxing Social Security Is Only Fair - WSJ
A Bad Tax Policy Tips Over - WSJ
Sunday Sep 22, 2024
Sunday Sep 22, 2024
Live Broadcast 9/7/24
In this episode, Mr. Money discusses the latest IRS regulations on inheriting retirement accounts, the rules around required minimum distributions (RMDs), and the options available when rolling over a 401(k) from a previous employer. He also covers the new emergency withdrawal provision that allows you to access up to $1,000 from your retirement account without penalty.
Sources:
Dow Industrials Jump to Cap Volatile Week - WSJ
U.S. Inflation Data Keeps Door Open for September Interest Rate Cut - WSJ
US retail sales report showcases consumer, economic resilience (yahoo.com)
Dow Industrials Rise After Surprisingly Strong GDP Data - WSJ
CPI report June: Inflation eased again as gas prices fell, rent rose (usatoday.com)
Big Tech Selloff Slams Nasdaq With Worst Day Since 2022 - WSJ
If Republicans Don’t Win, Get Ready for a Tax Hike - WSJ
US billionaires now worth more than half the nation: How we got here (usatoday.com)
How U.S. Presidential Election Years Affect the Stock Market (wsj.com)
AI Data Centers and EVs Create Incredible Opportunities | Advisorpedia
What to Know Now About IRS' Final RMD Regs: Jeff Levine | ThinkAdvisor
Heirs Finally Get an Answer From IRS About Money in Inherited Retirement Accounts - WSJ
Using Your Retirement Account as an Emergency ATM Just Got Easier - WSJ
The 401(k) Rollover Mistake That Costs Retirement Savers Billions - WSJ
Sunday Sep 22, 2024
Sunday Sep 22, 2024
Live Broadcast 7/13/24
In this episode, financial expert Mark Rothstein, known as "Mr. Money," delves into the critical topic of safeguarding your retirement accounts from scams. He provides valuable insights on recognizing and avoiding common financial scams, as well as strategies for optimizing your tax planning throughout the year. From understanding the taxation of Social Security benefits to leveraging Roth retirement accounts and Health Savings Accounts (HSAs), Mr. Money shares practical advice to help you keep more of your hard-earned money.
Sources:
Nearly half of parents financially support adult children, study shows (cnbc.com)
Dow Rises Above 40000 With Investors Putting Rate Cut in Sight - WSJ
It’s Time for the Fed to End the Waiting Game - WSJ
Is Diversification Dead to Investors? | ThinkAdvisor
No Nvidia in Your Portfolio? ‘You’re Just Toast’ - WSJ (both dates)
Underestimating Your Life Expectancy: Don’t Let Your Brain Shrink Your Retirement Benefits - Articles - Advisor Perspectives
Protect Yourself and Your IRA From Scams | Kahler Financial
What You Should Know Before Naming or Being an Estate Executor - Your Money Briefing - WSJ Podcasts
IRS has options to help people who missed the April filing deadline | Internal Revenue Service
Quickfinder Tax Tips Newsletter | Public Accounting Firms | Tax | Thomson Reuters TRTA
Sunday Sep 22, 2024
Sunday Sep 22, 2024
Live Broadcast 8/24/24
In this episode of the Mr. Money show, host Mark Rothstein, aka "Mr. Money," provides valuable insights and advice on a range of financial topics. He discusses the Federal Reserve's interest rate announcement, the impact on the economy and stock market, tax deductions for parents and educators, quarterly tax payments for the self-employed, and the importance of understanding Social Security and estate planning. Mr. Money offers practical tips and strategies to help listeners manage their finances effectively.
Sources:
Powell Says ‘Time Has Come’ for Fed to Cut Interest Rates (yahoo.com)
U.S. Hiring Slowdown Hits Stocks, Fuels Bets on Bigger Rate Cut - WSJ
Jobs report revision: US added 818,000 fewer jobs than believed (msn.com)
IRS reminder for schoolteachers: Up to $300 in classroom expenses deductible for 2024 | Internal Revenue Service
Child and Dependent Care tax credit can help offset summer day camp expenses | Internal Revenue Service (irs.gov)
905dcf96-70c4-45f8-8b00-911cac693605 (pimco.com)
A big Social Security shake-up is coming in 2025. Are you prepared? (usatoday.com)
Social Security COLA 2025 Estimate Drops to 2.6% | ThinkAdvisor
Most Americans Now Fear Poverty in Retirement More Than Death | ThinkAdvisor
Cutting Fees. Going It Alone. New Rules Are Changing How We Buy and Sell Homes. - WSJ
The New Etiquette of Negotiating With Your Real-Estate Agent - WSJ
PressReader.com - Digital Newspaper & Magazine Subscriptions
Changes in Retirement Savings Rules Before Year’s End: What To Know - WSJ
Here's How Much Retiring Clients Can Expect to Pay for Health Care: Fidelity | ThinkAdvisor
Understanding Medical Power of Attorney: Key Steps to Protect Your Health Decisions - Retirement Daily on TheStreet: Finance and Retirement Advice, Analysis, and More
Sunday Sep 22, 2024
Sunday Sep 22, 2024
Join Mr. Money as he provides insights on how to optimize your financial strategy in the face of shifting interest rates. Discover practical tips on managing your investments, securing your savings, and making informed decisions to maximize your returns.
Sources:
Stock Funds Are Up 12.6% in 2024 - WSJ
Stock market recap: Recession fears send global markets plunging (usatoday.com)
Stocks Rebound to Notch Best Week of 2024 - WSJ
Fed Clears Path for September Interest Rate Cut - WSJ
Fed leaves interest rates unchanged, opens door to rate cut soon (usatoday.com)
You Haven’t Filed Your Tax Returns in Recent Years? The IRS Is Coming - WSJ
Sole Proprietorship vs. LLC: Which Should You Choose? | CO- by US Chamber of Commerce
Financial Tips for Later-in-Life Marriage | Charles Schwab
Are You Using the Right Tax Breaks to Boost Investment Returns? - WSJ
Ed Slott: Time for Some Clients to Ditch Traditional IRAs | ThinkAdvisor
Taxing Social Security Is Only Fair - WSJ
A Bad Tax Policy Tips Over - WSJ