Mr. Money Talks: Protecting Your Retirement from Scams and Maximizing Tax Savings

Mark Rothstein, also known as Mr. Money, discussed various financial topics on his radio show. He highlighted the increasing contributions to retirement accounts by employers and the importance of avoiding scams, particularly false tax returns. He emphasized the need for professional advice before making distributions from IRAs or 401(k)s and warned against high-pressure sales tactics. Rothstein also covered the importance of tax planning, including the taxability of Social Security benefits and the benefits of Roth conversions and HSAs. He shared real-life examples of clients dealing with inherited bonds and property, stressing the need for proper legal documentation to ensure assets are distributed according to one's wishes.

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