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.

Sources:

• Nearly half of parents financially support adult children, study shows (cnbc.com)

• Dow Rises Above 40000 With Investors Putting Rate Cut in Sight - WSJ

• It’s Time for the Fed to End the Waiting Game - WSJ

• Is Diversification Dead to Investors? | ThinkAdvisor

• No Nvidia in Your Portfolio? ‘You’re Just Toast’ - WSJ (both dates)

• Underestimating Your Life Expectancy: Don’t Let Your Brain Shrink Your Retirement Benefits - Articles - Advisor Perspectives

• Protect Yourself and Your IRA From Scams | Kahler Financial

• What You Should Know Before Naming or Being an Estate Executor - Your Money Briefing - WSJ Podcasts

• IRS has options to help people who missed the April filing deadline | Internal Revenue Service

• Quickfinder Tax Tips Newsletter | Public Accounting Firms | Tax | Thomson Reuters TRTA