In this episode of Money Matters, brought to you by Greenberg Financial Group, Dean Greenberg, Sebastian Borsini, and Todd Glick break down a week where the Federal Reserve raised interest rates a quarter point and the market barely flinched. The Dow and the Russell 2000 each slipped 1.7%, the S&P 500 finished close to flat, and the Nasdaq managed a small gain. We get into why the bond market had been pushing the Fed in this direction for weeks, what a 5% yield on the 10-year Treasury is telling us, and why a rate hike can say more about the strength of the economy than most people expect.
From there we spend real time on the story that rattled tech stocks early in the week, a new round of headlines warning that AI could be a threat to humanity. Dean looks back at duck and cover drills, Y2K, and the Industrial Revolution to talk about how fear and progress have always traveled together. Sebastian brings in the Luddites, open source versus closed source models, and what is at stake if the United States slows down while other countries lean in. We also talk through oil and record diesel prices, the Bank of Japan's latest move, a volatile week for Bitcoin, the IPO calendar, and the corners of the market that have been quietly holding up, from energy and cybersecurity to value names. Dean also shares why he is staying patient heading into the fall and why having a plan matters more than having a prediction.
Hailey Glick of G&G Tax Advisors joins us for the tax segment with year end right around the corner. We walk through required minimum distributions, who has to take them and when, and the penalty for missing one. Then we get into qualified charitable distributions, a little known rule that can trip up people still contributing to an IRA after 70 and a half, how Roth conversions can fit into the early retirement years, and what changes when you inherit an IRA. We also touch on 401(k) plans for business owners and when it might be time to ask whether an S corp makes sense.
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Disclaimer:
This show discusses different investment products and strategies. Every product and strategy has some type of inherent risk and we strongly encourage our listeners to properly understand these risks. Past performance is no guarantee of future performance. The information presented on this program is believed to be factual and up-to-date, but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. The material covered on this program does not involve the rendering of personalized investment advice, but is for general information purposes only. A professional advisor should be consulted before implementing any of the options presented. Greenberg Financial Group is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements.
