The Secrets To Successful Investing
Live Broadcast 9/28/24
Mark Rothstein (Mr. Money), discussed common financial regrets, emphasizing the importance of saving for retirement and emergencies. He highlighted the necessity of understanding financial patterns and the benefits of long-term investing. Rothstein shared key financial facts: corrections occur annually, bear markets every three to five years, and historically, bear markets have turned into bull markets. He stressed the importance of staying invested, minimizing fees, and being tax-efficient. Rothstein also provided an income tax update, advising listeners to file by October 15 and consider tax professionals for better returns.
Sources:
Extension filer reminder: Choose a tax preparer carefully | Internal Revenue Service (irs.gov)
IRS has options to help people who missed the April filing deadline | Internal Revenue Service
Pros and Cons of Waiting Until the Last Minute to File Your Taxes | Taxes | U.S. News (usnews.com)
More Americans claim caretaker tax benefits for looking after parents (usatoday.com)