Mr Money Talks: Navigating Interest Rates, Taxes, and Retirement Planning

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