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:
Fed Cuts Interest Rates Again as Donald Trump Election Reshapes Growth Outlook - WSJ
Mortgage Rates are Rising Despite Fed Interest-Rate Cuts - 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)