Mr. Money Talks: Navigating Economic Trends and Personal Finance Strategies (05/18/24)

This episode delves into the heart of the economy and stock market, touching upon the uncertainties of the upcoming presidential election, the specters of inflation and recession, and the realities of rising interest rates.

Mr. Money doesn’t just stop at broad economic trends; he dives deep into personal finance strategies that matter to you. From the critical distinctions between independent contractors and employees for tax purposes to navigating retirement savings for nonprofit workers and securing alimony through life insurance, this episode is packed with actionable insights. Whether you're adjusting your investment portfolio or optimizing tax credits for childcare, "Mr. Money Talks" has you covered with expert advice and timely discussions.

Sources:

https://www.wsj.com/livecoverage/stock-market-today-dow-jones-earnings-05-17-2024

https://bradfordtaxinstitute.com/Content/The-Cleaning-Lady-and-Your-Home-Office-Deduction.aspx

https://money.usnews.com/money/personal-finance/taxes/articles/is-summer-camp-tax-deductible#:~:text=Summer%20camp%20can%20qualify%20for,not%20education%2C%E2%80%9D%20Luscombe%20says.&text=Overnight%20camp%2C%20however%2C%20is%20not%20eligible.

https://www.wsj.com/finance/investing/stock-market-dow-record-economy-6b77dac7

https://www.wsj.com/finance/stocks/america-is-still-headed-for-a-soft-landing-97db0be8

https://www.wsj.com/finance/stocks/global-stocks-markets-dow-news-05-15-2024-e617f995

https://www.wsj.com/buyside/personal-finance/what-is-403b-01660677031

https://www.investmentnews.com/life-insurance-and-annuities/opinion/dear-gabby/ensuring-alimony-payments-continue-despite-premature-death-251306

https://www.usatoday.com/story/money/2024/05/03/april-jobs-report-numbers/73548184007/