Mr. Money Talks: Navigating the Financial Landscape After the Election (11/09/24)

In this episode, financial expert Mark Rothstein, also known as "Mr. Money," delves into the impact of the recent election on the stock market, the Federal Reserve's interest rate decisions, and the tax deductibility of various medical expenses. He also explores the myths surrounding Social Security and provides tips for having open and healthy conversations about money with family, friends, and partners.

Sources:

• Stocks Hit New Records, Close Out Best Week of the Year - WSJ

• Fed Cuts Interest Rates Again as Donald Trump Election Reshapes Growth Outlook - WSJ

• Mortgage Rates are Rising Despite Fed Interest-Rate Cuts - WSJ

• Week Ahead for FX, Bonds: U.S. Inflation Data in Focus as Investors Digest Trump’s Election Win - WSJ

• Another Thing at Stake on Election Day: A $246,000-a-Year Pension Perk - WSJ

• Like sex? Condoms are now tax deductible if you itemize, IRS says (usatoday.com)

• Social Security 2025 COLA increase is the smallest since 2021 (usatoday.com)

• Social Security chief clears up election myths, talks about delays (usatoday.com)

• Money rules for the new millennium: Tips from a financial therapist (usatoday.com)