Mr. Money Talks

Mr. Money Talks: Navigating Finances in Marriage (9/14/24)

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

Mr. Money Talks: Navigating Retirement Account Withdrawals and Rollovers (9/07/24)

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
 

Mr. Money Talks: Protecting Your Retirement from Scams and Maximizing Tax Savings (7/13/24)

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
 
 

Mr Money Talks: Navigating Interest Rates, Taxes, and Retirement Planning (8/24/24)

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

Mr Money Talks: Navigating the Changing Interest Rate Landscape

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

Mr. Money Talks: Navigating the Complexities of Tax Planning During Election Years (08/10/24)

Live Broadcast 8/10/24
 
Mark Rothstein, also known as Mr. Money, discusses the importance of financial planning and investment strategies. He highlights the S&P 500's strong performance in the first half of 2024, with growth stocks leading the way. Concerns about geopolitical uncertainty and economic indicators, such as inflation and interest rates, are also addressed. Rothstein compares the economic plans of President Biden and former President Trump, noting potential tax changes and their impact on the economy. He emphasizes the importance of accurate tax reporting, especially for stock sales, and advises on managing financial transitions, such as retirement or job changes, to ensure adequate health and life insurance coverage.
 
 

Mr. Money Talks: Navigating Money Matters with Your Partner (8/3/2024)

Live Broadcast 8/3/2024
 
Mark Rothstein, also known as Mr. Money, discussed the potential recession, noting that while unemployment remains low, job vacancies have returned to pre-pandemic levels, which could indicate a recession. He highlighted the impact of inflation, interest rates, and labor market imbalances. Rothstein also addressed the importance of regular money dates for couples to discuss finances, including setting boundaries, creating budgets, and considering long-term financial goals. He shared a case study about a client deciding whether to sell or rent a $2 million home, considering tax implications and future financial needs.
Sources:
Four Money Questions to Ask on the First Date (msn.com)
How To Navigate The Topic Of Money With Your Partner (forbes.com)
S&P 500 Slips After Surprisingly Strong Jobs Data - WSJ
Stock Market News, June 5, 2024: Nasdaq Hits Another Record; Nvidia Joins the $3 Trillion Club (wsj.com)
Why the Recession Still Isn’t Here - WSJ
Hiring and Wages are Up, Reinforcing the Economy’s Resilience - WSJ
European Central Bank Cuts Interest Rates for First Time Since 2019 - WSJ

Mr Money Talks: Real Estate Commission Changes, Tax Planning, and Retirement Strategies (01/06/24)

Join Mark Rothstein and industry experts in a deep dive into potential changes to the real estate commission system, the impact of tax laws and mortgage refinancing options, and essential retirement planning and investment strategies. Learn about the potential illegality of the current commission system, practical tax planning strategies, and considerations for optimizing retirement savings. Gain insights into housing market trends, last-minute tax deductions, and expert advice on managing investments during market volatility.

Mr. Money Talks: Achieving the American Dream, Retirement Savings, and Social Security Strategies (04/27/24- Recorded 03/02/24)

In this podcast, Mark Rothstein explores the challenges of achieving the American Dream of homeownership, addresses retirement savings options and tax planning strategies, and delves into the potential changes to Social Security taxes and claiming strategies. From the impact of rising costs on homeownership to the considerations for Social Security benefits, this episode provides valuable insights for financial planning and decision-making.

Mr Money Talks: Spring Financial Updates, Tax Planning, Retirement Savings, and More with Mark Rothstein (04/20/24- Recorded 04/13/24)

Join Mark Rothstein, aka Mr Money, as he provides valuable insights on the importance of reviewing and updating financial aspects during the spring season. From paying off credit card debt to starting an emergency fund, tax planning, retirement savings, and estate planning, Mark covers it all. Discover the significance of regular monitoring and seeking professional advice for informed decision-making. Learn about managing tax debt with the IRS, addressing notices promptly, and resolving past mistakes. Mark emphasizes the importance of financial planning, maximizing deductions, and optimizing retirement savings. Don't miss out on his tips for reviewing investment portfolios, understanding IRS notices, and navigating payment options. Get ready to make the most of your finances with Mr Money's expert advice.