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