Mr. Money Talks: Navigating Retirement Account Withdrawals and Rollovers

In this episode, Mr. Money discusses the latest IRS regulations on inheriting retirement accounts, the rules around required minimum distributions (RMDs), and the options available when rolling over a 401(k) from a previous employer. He also covers the new emergency withdrawal provision that allows you to access up to $1,000 from your retirement account without penalty.

Sources:

• Dow Industrials Jump to Cap Volatile Week - WSJ

• U.S. Inflation Data Keeps Door Open for September Interest Rate Cut - WSJ

• US retail sales report showcases consumer, economic resilience (yahoo.com)

• Dow Industrials Rise After Surprisingly Strong GDP Data - WSJ

• CPI report June: Inflation eased again as gas prices fell, rent rose (usatoday.com)

• Big Tech Selloff Slams Nasdaq With Worst Day Since 2022 - WSJ

• If Republicans Don’t Win, Get Ready for a Tax Hike - WSJ

• US billionaires now worth more than half the nation: How we got here (usatoday.com)

• How U.S. Presidential Election Years Affect the Stock Market (wsj.com)

• AI Data Centers and EVs Create Incredible Opportunities | Advisorpedia

• What to Know Now About IRS' Final RMD Regs: Jeff Levine | ThinkAdvisor

• Heirs Finally Get an Answer From IRS About Money in Inherited Retirement Accounts - WSJ

• Using Your Retirement Account as an Emergency ATM Just Got Easier - WSJ

• The 401(k) Rollover Mistake That Costs Retirement Savers Billions - WSJ