Episode 71: Adjustable Rate Loans, Dollar's Rise & Changes to Your Tax Bill + Focus on What You Can Control

Episode 74: Tax Bracket Increases, Retirement Contributions Get Updated & Global Growth Weighed Down + Imagine the Possibilities

📰 On this week's episode of Minds Over Money, I go over 3 headlines from last week that directly impact the economy as well as potentially impacting your own investment portfolio. [15:10] And this week’s financial planning topic is Imagine the Possibilities. 🔮

📈 [0:51] The first headline, “Inflation Causes IRS to Raise Tax Brackets and Standard Deduction by 7%”, is an article that explores the recent announcement of adjustments to the tax brackets and some of the metrics used to determine tax deductions.

💰 [5:11] The second headline, “IRS to Make Largest Increase Ever to 401(k) Contribution Limit”, discusses the announcement that will increase the contribution limits on all retirement accounts due to inflation adjustments.

⚖️ [9:11] The Final headline, “Global Economic Growth is Weighed Down by Inflation and Rising Interest Rates”, is a deep dive into the recent economic data from the third quarter around the globe that is pointing to a definite slowdown if not a recession.

Hope you enjoy it!

Episode 73: Black Friday in October, IRS Delays Guidelines & Fed on Track + Reducing the Pain from Required Retirement Withdrawals This Year

📰 On this week's episode of Minds Over Money, I go over 3 headlines from last week that directly impact the economy as well as potentially impacting your own investment portfolio. [11:38] And this week’s financial planning topic is Reducing the Pain from Required Retirement Withdrawals This Year. 💸

🛍️ [0:50] The first headline, “Retailers Kick Off Black Friday in October… Again”, is an article that explores how the major retailers Walmart, Target, and Amazon, are all starting Black Friday shopping events to tackle inventory surplus and lagging sales figures.

💰 [3:58] The second headline, “IRS Delays New Guidelines for Inherited IRAs”, discusses the recent ruling to delay the guidelines stated last year for how required minimum distributions are to be handled with inherited IRAs.

📈 [7:34] The Final headline, “Fed on Track for Another Large Interest Rate Hike After Jobs Report”, is a deep dive into the likelihood of another 0.75% interest rate hike at the Fed’s meeting next month with a resiliently tight labor market, wage growth, and persistent inflation.

Episode 72: Worker's Changing Attitudes, Fed Rate Hike & Central Banks Stoke Risk + How Retirement Income Guardrails Provide Peace of Mind

📰 On this week's episode of Minds Over Money, I go over 3 headlines from last week that directly impact the economy as well as potentially impacting your own investment portfolio. [17:35] And this week’s financial planning topic is How Retirement Income Guardrails Can Provide Peace of Mind. 🚧

💼 [0:45] The first headline, “Worker’s Changing Attitudes Tighten the Labor Market”, is an article that explores how workers are using their bargaining power provided them with the tight labor market to help negotiate higher pay and better working conditions.

💸 [4:26] The second headline, “How the Fed’s Rate Increase Will Hit American’s Monthly Budgets”, discusses the most recent rate increase from the Federal Reserve and how it will have trickledown effects on mortgages, car loans, credit cards, and other monthly budget items.

📈 [10:59] The Final headline, “Central Banks May Stoke Risk By Raising Interest Rates Together”, is a deep dive into the potential effects the tightening of monetary policy around the world will have on the global economy.

Episode 71: Adjustable Rate Loans, Dollar's Rise & Changes to Your Tax Bill + Focus on What You Can Control

📰 On this week's episode of Minds Over Money, I go over 3 headlines from last week that directly impact the economy as well as potentially impacting your own investment portfolio. [17:35] And this week’s financial planning topic is Focus on What You Can Control. 👀

📈 [0:45] The first headline, “As Mortgage Rates Top 6% More Borrowers Choose Adjustable-Rate Loans”, is an article that explores the recent increase in adjustable-rate mortgage applications as rates top 6% for the first time since November of 2008.

⚠️ [4:26] The second headline, “Dollar’s Rise Spells Trouble for Global Economies”, discusses the historic rally the U.S. dollar has been on this year, largely due in part to the Federal Reserve’s interest rate increases and how the rise in the dollar is affecting emerging market economies as well the central banks of developed economies.

🧾 [10:59] The Final headline, “High Inflation Brings Changes to Your Tax Bill”, is a deep dive into the potential changes to tax thresholds, retirement contributions, and tax brackets for the tax year 2023 due to historic levels of inflation.

Hope you enjoy it!

Episode 70: Ocean Shipping Rates, NASA's Artemis I Delayed & August Jobs Report + The Greatest Fear

📰 On this week's episode of Minds Over Money, I go over 3 headlines from last week that directly impact the economy as well as potentially impacting your own investment portfolio. [12:43] And this week’s financial planning topic is The Greatest Fear. 😨

🚢 [0:49] The first headline, “Ocean Shipping Rates Have Plunged 60% This Year”, is an article that explores the plunge in cost to ship a 40-foot container from Asia to the West Coast of the United States and how it relates to inflation and the rise in prices for consumers.

🚀 [3:43] The second headline, “NASA’s Artemis I Moon Launch is Delayed Further as Engineers Analyze Fuel Leak”, discusses the two recent delays in NASA’s first mission for the Artemis Moon program which seeks to put the humans back on the moon after more than 45 years.

💼 [8:11] The Final headline, “August Jobs Report Shows Labor Market Has Cooled but Remains Solid”, is a deep dive into the relative cooling that the U.S. labor market has been exhibiting over the last few months and what effect if any it will have on the Federal Reserve’s policy to curb inflation and find a “soft landing” for the economy.