Join financial expert Stacy Johnson as he breaks down the recent Federal Reserve interest rate cut and its impact on your wallet. In this engaging live session, recorded on September 20, 2024, in the Money Talks News Retirement Facebook Group, Stacy explains:
Why the Fed lowered rates and what it means for the economy
How falling interest rates affect savers, borrowers, and investors
Strategies for locking in higher rates before they disappear
Tips for managing your stock portfolio in a changing market

With over 45 years of experience in finance, Stacy offers practical advice and answers viewer questions in real-time. Whether you're concerned about your savings, considering a mortgage, or wondering how to adjust your investment strategy, this episode provides valuable insights for navigating the current financial landscape.

Don't miss this opportunity to learn from a seasoned professional and get your money questions answered. Tune in to "Money Talks Live" for straightforward financial advice you can use today!

Want to be part of future live sessions? Join our Retirement Facebook Group: www.facebook.com/groups/moneytalksnewsretirement/

Join financial expert Stacy Johnson as he breaks down the recent Federal Reserve interest rate cut and its impact on your wallet. In this engaging live session, recorded on September 20, 2024, in the Money Talks News Retirement Facebook Group, Stacy explains:
<ul>
<li>Why the Fed lowered rates and what it means for the economy</li>
<li>How falling interest rates affect savers, borrowers, and investors</li>
<li>Strategies for locking in higher rates before they disappear</li>
<li>Tips for managing your stock portfolio in a changing market</li>
</ul>
With over 45 years of experience in finance, Stacy offers practical advice and answers viewer questions in real-time. Whether you're concerned about your savings, considering a mortgage, or wondering how to adjust your investment strategy, this episode provides valuable insights for navigating the current financial landscape.
Don't miss this opportunity to learn from a seasoned professional and get your money questions answered. Tune in to "Money Talks Live" for straightforward financial advice you can use today!
Want to be part of future live sessions? Join our Retirement Facebook Group: <a href="http://www.facebook.com/groups/moneytalksnewsretirement/">www.facebook.com/groups/moneytalksnewsretirement/</a>

Welcome to Money Talks News: The Podcast, a podcast devoted to everything money: how to get it, how to grow it and how to keep it. From the creators of MoneyTalksNews.com, a leading source of personal finance news and advice since 1991.

Welcome to Money Talks News: The Podcast, a podcast devoted to everything money: how to get it, how to grow it and how to keep it. From the creators of MoneyTalksNews.com, a leading source of personal finance news and advice since 1991.

Money Talks News: The Podcast

The Fed Just Lowered Rates: What It Means for Your Money

The great wealth transfer of trillions of dollars in assets – approximately $72.6 trillion over the next 20 years – has begun.

Among those assets are inherited properties, but it's tough to deal with the baggage that comes with an inherited house.

Pam Krueger from Wealthramp is back to go over essential questions to ask when you inherit a house.



You can download the episode wherever you get your podcasts:
Listen on Apple Podcasts
Listen on YouTube Music (formerly Google Podcasts)
Listen on Spotify

Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.

Getting ready to inherit a house

It's not unusual to consider a home as part of an inheritance. However, if you're on the receiving end of that inheritance, you might not be sure what to do.

Pam points out that any type of inheritance can be emotional and lead to difficult conversations. If you need help talking to your parents, we have a podcast episode about how to talk to your aging parents about money.

When you decide to talk about inheriting a house with your parents and siblings, it might also be a good idea to bring in a financial planning professional or estate planner. Getting everyone together so you're all on the same page can reduce the stress involved later.

How to deal with an inherited house

As you review the inheritance, there are some important questions to ask, and plenty of pitfalls to avoid. Some of the most important things to address include:
Is there a reverse mortgage on the home? Once your parents pass, a reverse mortgage can potentially put some limitations on your ability to keep the home in the family. Miranda shares a story of a friend who had no idea there was a reverse mortgage on an inherited house and is dealing with the fallout.
Do you understand the capital gains? Pam talks about stepped-up basis for capital gains taxes on an inherited house. The good news is that you'll be protected from some of the tax consequences of inheriting.
Should you buyout the home? Talk to your siblings about a buyout if you want to be able to do what you want with the inherited house.
How do you split the proceeds? If you're sharing, you need to know how to split the proceeds—after the estate pays out for taxes and upkeep and other expenses.
What's the family situation? Be realistic about your family situation and your parents as you discuss family matters and take into account everyone's preferences.

Meet this week's guest, Pam Krueger

Pam Krueger is a recognized investor advocate, award-winning personal finance journalist and author. She is the founder and CEO of Wealthramp, an advisor-matching platform that connects consumers with rigorously vetted and qualified fee-only financial advisors. It is the only advisor referral service that gives people full control over when and how they talk to their referred advisors.

Her perspectives on personal finance regularly appear in Marketwatch, Forbes, PBS Next Avenue, and she is a frequent speaker on fiduciary financial advice. In addition, Pam is an active volunteer member of the Retirement Income Committee at the Defined Contribution Institutional Investment Association (DCIIA), a non-profit dedicated to enhancing the retirement security of America's workers. She has also served on the California Jump$tart Coalition, an organization dedicated to increasing financial literacy among children and teens, where she created one of their most successful curricula available for K-12 teachers called, Investing Pays Off For Kids.

Each year, she spends part of her time in San Francisco, California and lives in Cape Cod, Massachusetts.
Wealthramp
Podcast: MoneyTrack
Podcast: Friends Talk Money
Twitter
LinkedIn

Don't listen to podcasts?

A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.

You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.

If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!

About the hosts

Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.

The great wealth transfer of trillions of dollars in assets – approximately $72.6 trillion over the next 20 years – has begun.
Among those assets are inherited properties, but it's tough to deal with the baggage that comes with an inherited house.
Pam Krueger from <a href="https://wealthramp.com/">Wealthramp</a> is back to go over essential questions to ask when you inherit a house.

You can download the episode wherever you get your podcasts:
<ul>
<li>Listen on <a href="https://podcasts.apple.com/us/podcast/money/id1465774878">Apple Podcasts</a></li>
<li>Listen on <a href="https://music.youtube.com/">YouTube Music</a> (formerly Google Podcasts)</li>
<li>Listen on <a href="https://open.spotify.com/show/4XzsoL58984FkzefrRay0c">Spotify</a></li>
</ul>
Don't forget to <a href="https://www.moneytalksnews.com/podcasts/">check out our podcast page</a> for more episodes designed to help you make the most of your money.
Getting ready to inherit a house
It's not unusual to <a href="https://www.moneytalksnews.com/slideshows/the-pros-and-cons-of-using-your-home-as-an-inheritance-for-your-heirs/">consider a home as part of an inheritance</a>. However, if you're on the receiving end of that inheritance, you might not be sure what to do.
Pam points out that any type of inheritance can be emotional and lead to difficult conversations. If you need help talking to your parents, we have a podcast episode about <a href="https://www.moneytalksnews.com/tips-for-talking-to-your-aging-parents-about-their-money/">how to talk to your aging parents about money</a>.
When you decide to talk about inheriting a house with your parents and siblings, it might also be a good idea to bring in a <a href="https://www.moneytalksnews.com/slideshows/of-the-most-important-financial-advisor-credentials/">financial planning professional</a> or estate planner. Getting everyone together so you're all on the same page can reduce the stress involved later.
How to deal with an inherited house
As you review the inheritance, there are some important questions to ask, and plenty of pitfalls to avoid. Some of the most important things to address include:
<ul>
<li>Is there a <a href="https://www.moneytalksnews.com/slideshows/of-the-most-important-financial-advisor-credentials/">reverse mortgage</a> on the home? Once your parents pass, a reverse mortgage can potentially put some limitations on your ability to keep the home in the family. Miranda shares a story of a friend who had no idea there was a reverse mortgage on an inherited house and is dealing with the fallout.</li>
<li>Do you understand the capital gains? Pam talks about stepped-up basis for capital gains taxes on an inherited house. The good news is that you'll be protected from some of the <a href="https://www.moneytalksnews.com/will-i-have-to-pay-income-tax-on-an-inherited-house/">tax consequences of inheriting</a>.</li>
<li>Should you buyout the home? Talk to your siblings about a buyout if you want to be able to do what you want with the inherited house.</li>
<li>How do you split the proceeds? If you're sharing, you need to know how to split the proceeds—after the estate pays out for taxes and upkeep and other expenses.</li>
<li>What's the family situation? Be realistic about your family situation and your parents as you discuss family matters and take into account everyone's preferences.</li>
</ul>
Meet this week's guest, Pam Krueger
Pam Krueger is a recognized investor advocate, award-winning personal finance journalist and author. She is the founder and CEO of <a href="http://www.wealthramp.com/">Wealthramp</a>, an advisor-matching platform that connects consumers with rigorously vetted and qualified fee-only financial advisors. It is the only advisor referral service that gives people full control over when and how they talk to their referred advisors.
Her perspectives on personal finance regularly appear in Marketwatch, Forbes, PBS Next Avenue, and she is a frequent speaker on fiduciary financial advice. In addition, Pam is an active volunteer member of the Retirement Income Committee at the Defined Contribution Institutional Investment Association (DCIIA), a non-profit dedicated to enhancing the retirement security of America's workers. She has also served on the California Jump$tart Coalition, an organization dedicated to increasing financial literacy among children and teens, where she created one of their most successful curricula available for K-12 teachers called, Investing Pays Off For Kids.
Each year, she spends part of her time in San Francisco, California and lives in Cape Cod, Massachusetts.
<ul>
<li><a href="http://www.wealthramp.com/">Wealthramp</a></li>
<li>Podcast: <a href="https://na01.safelinks.protection.outlook.com/?url=http%3A%2F%2Fmoneytrack.org%2F&amp;data=04%7C01%7C%7C097423ab6d554d19887f08d94b011b19%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637623290391605962%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&amp;sdata=WUsiTzQXcc7VOQ41OZQDAlwyHk9WNLl3nv7CqX3ogQ8%3D&amp;reserved=0">MoneyTrack</a></li>
<li>Podcast: <a href="https://friendstalkmoney.org/">Friends Talk Money</a></li>
<li><a href="https://twitter.com/PamkruegerTV">Twitter</a></li>
<li><a href="https://www.linkedin.com/in/pamkrueger/">LinkedIn</a></li>
</ul>
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts <a href="https://www.moneytalksnews.com/podcasts/">here</a> or download them to your phone from any number of places, including <a href="https://podcasts.apple.com/us/podcast/money/id1465774878">Apple</a>, <a href="https://open.spotify.com/show/4XzsoL58984FkzefrRay0c">Spotify</a>, <a href="https://radiopublic.com/money-6rRgm9">RadioPublic</a>, <a href="https://www.stitcher.com/podcast/money-talks-news/money-104">Stitcher</a> and <a href="https://api.podcache.net/shows/ebc88ef1-73be-4580-abab-483adb44d09c/feed">RSS</a>.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.

5 Things to Do Before You Inherit Your Parent's House

https://api.omny.fm/orgs/67ee9ddc-11a3-4cec-841d-ac9a015d5b41/clips/344043a5-e7f1-420a-9e88-b1ea011e3006/transcript

In this episode of Money Talks News, Stacy Johnson and his team dive into the economic promises and potential impacts of the upcoming presidential election. With characteristic wit and skepticism, Stacy cuts through the campaign rhetoric to examine what Trump and Harris are really saying about the economy - and why much of it may be "bullsh--." From tariffs to tax cuts to home buyer incentives, Stacy breaks down the candidates' proposals and explains why many are unlikely to become reality. He also offers insights on how presidential policies actually affect the stock market and economy. If you're looking for straight talk on politics and your money, don't miss this lively and informative discussion!

In this episode of Money Talks News, Stacy Johnson and his team dive into the economic promises and potential impacts of the upcoming presidential election. With characteristic wit and skepticism, Stacy cuts through the campaign rhetoric to examine what Trump and Harris are really saying about the economy - and why much of it may be "bullsh--." From tariffs to tax cuts to home buyer incentives, Stacy breaks down the candidates' proposals and explains why many are unlikely to become reality. He also offers insights on how presidential policies actually affect the stock market and economy. If you're looking for straight talk on politics and your money, don't miss this lively and informative discussion!

Trump Vs. Harris: Who's Better for Your Wallet?

https://api.omny.fm/orgs/67ee9ddc-11a3-4cec-841d-ac9a015d5b41/clips/85e296e3-c693-46ed-a237-b1e600ecbf8c/transcript

You've undoubtedly met people who have made a lot of money in the stock market and dreamed you could become one, too. If that's you, I've got great news. You can learn to be a successful stock investor, make some money and maybe some friends while you're at it.

How? By joining an investment club. Today we welcome Ionnie McNeill, a member of the nonprofit National Association of Investors to give us the lowdown.



You can download the episode wherever you get your podcasts:
Listen on Apple Podcasts
Listen on YouTube Music (formerly Google Podcasts)
Listen on Spotify

Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.

What is an investment club?

Our guest, Ionnie, talks about joining an investment club and how it's helped her and others become better investors. Even though it's relatively easy to start investing no matter how much money you have, sometimes it helps to learn from others. Plus, investment clubs can also provide support.

For an index investor like Miranda, joining a club might not make sense. However, if you want to learn how to evaluate stocks and understand the metrics to use when picking stocks for your portfolio, an investment club can help.

Ionnie takes us through the mechanics of her club and how it works to help new investors learn. Additionally, being part of an investment club can motivate you, even as a seasoned investor, to implement principles that will benefit your portfolio over time.

We also talk about other types of investment clubs beyond stocks, like those that focus on real estate investing and other assets, that you can join based on your interests.

How to avoid investment club scams

Unfortunately, whenever you have a good thing, someone almost always wants to scam off it. That's the case with investment clubs as well. There are plenty of financial scams masquerading as investment clubs.

Ionnie helps us understand some of the scam red flags to watch out for:
A stranger approaches you online, through social media or texting app.
There's no real vetting process. A legitimate investment club usually has requirements to join and a process that allows you to see if you fit.
There's a focus on day trading or getting rich quick.
The asset selection process isn't transparent and you're told there's minimal participation.

Ionnie suggests joining the American Association of Individual Investors, which can help you find model portfolios and principles, and also checking out BetterInvesting.org, which can help you find (or even start) an investment club.

Meet this week's guest, Ionnie McNeill[caption id="attachment_492295" align="alignnone" width="837"] Courtesy of Ionnie McNeill / Money Talks News[/caption]

Ionnie McNeill is a longtime BetterInvesting member and volunteer, originally joining as a youth member. Currently, she is serving as a BI National Board Member and the President of the BetterInvesting South Florida Chapter. In the summer of 2020, Ionnie and 26 other people started the South Florida Model Investment Club, which welcomes visitors to come and observe how an investment club is run on BetterInvesting Principles.

"The Baby Billionaire's Guide to Investing" is her children's book explaining the importance of investing early and the power of compound interest. She is originally from Miami, FL and is a proud graduate of Howard University.



Don't listen to podcasts?

A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.

You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.

If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!

About the hosts

Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors

You've undoubtedly met people who have made a lot of money in the stock market and dreamed you could become one, too. If that's you, I've got great news. You can learn to be a successful stock investor, make some money and maybe some friends while you're at it.
How? By joining an investment club. Today we welcome Ionnie McNeill, a member of the nonprofit <a href="https://www.betterinvesting.org/">National Association of Investors</a> to give us the lowdown.

You can download the episode wherever you get your podcasts:
<ul>
<li>Listen on <a href="https://podcasts.apple.com/us/podcast/money/id1465774878">Apple Podcasts</a></li>
<li>Listen on <a href="https://music.youtube.com/">YouTube Music</a> (formerly Google Podcasts)</li>
<li>Listen on <a href="https://open.spotify.com/show/4XzsoL58984FkzefrRay0c">Spotify</a></li>
</ul>
Don't forget to <a href="https://www.moneytalksnews.com/podcasts/">check out our podcast page</a> for more episodes designed to help you make the most of your money.
What is an investment club?
Our guest, Ionnie, talks about joining an investment club and how it's helped her and others become better investors. Even though it's relatively easy to <a href="https://www.moneytalksnews.com/how-to-start-investing-no-matter-how-much-money-you-have/">start investing no matter how much money you have</a>, sometimes it helps to learn from others. Plus, investment clubs can also provide support.
For an <a href="https://www.moneytalksnews.com/slideshows/why-index-fund-investing-is-good-for-your-retirement/">index investor</a> like Miranda, joining a club might not make sense. However, if you want to learn <a href="https://www.moneytalksnews.com/simple-tips-to-make-money-with-stocks/">how to evaluate stocks</a> and understand the metrics to use when picking stocks for your portfolio, an investment club can help.
Ionnie takes us through the mechanics of her club and how it works to help new investors learn. Additionally, being part of an investment club can motivate you, even as a seasoned investor, to implement principles that will benefit your portfolio over time.
We also talk about other types of investment clubs beyond stocks, like those that focus on <a href="https://www.moneytalksnews.com/sponsored-investing-in-commercial-real-estate-with-crowdstreet/">real estate investing</a> and other assets, that you can join based on your interests.
How to avoid investment club scams
Unfortunately, whenever you have a good thing, someone almost always wants to scam off it. That's the case with investment clubs as well. There are plenty of <a href="https://www.moneytalksnews.com/the-big-con-outsmarting-the-sneakiest-financial-scams/">financial scams</a> masquerading as investment clubs.
Ionnie helps us understand some of the scam red flags to watch out for:
<ul>
<li>A stranger approaches you online, through social media or texting app.</li>
<li>There's no real vetting process. A legitimate investment club usually has requirements to join and a process that allows you to see if you fit.</li>
<li>There's a focus on day trading or getting rich quick.</li>
<li>The asset selection process isn't transparent and you're told there's minimal participation.</li>
</ul>
Ionnie suggests joining the <a href="https://invest.aaii.com/membership/">American Association of Individual Investors</a>, which can help you find model portfolios and principles, and also checking out <a href="https://www.betterinvesting.org/">BetterInvesting.org</a>, which can help you find (or even start) an investment club.
Meet this week's guest, Ionnie McNeill[caption id="attachment_492295" align="alignnone" width="837"] Courtesy of Ionnie McNeill / Money Talks News[/caption]
Ionnie McNeill is a longtime BetterInvesting member and volunteer, originally joining as a youth member. Currently, she is serving as a BI National Board Member and the President of the BetterInvesting South Florida Chapter. In the summer of 2020, Ionnie and 26 other people started the South Florida Model Investment Club, which welcomes visitors to come and observe how an investment club is run on BetterInvesting Principles.
"The Baby Billionaire's Guide to Investing" is her children's book explaining the importance of investing early and the power of compound interest. She is originally from Miami, FL and is a proud graduate of Howard University.

Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts <a href="https://www.moneytalksnews.com/podcasts/">here</a> or download them to your phone from any number of places, including <a href="https://podcasts.apple.com/us/podcast/money/id1465774878">Apple</a>, <a href="https://open.spotify.com/show/4XzsoL58984FkzefrRay0c">Spotify</a>, <a href="https://radiopublic.com/money-6rRgm9">RadioPublic</a>, <a href="https://www.stitcher.com/podcast/money-talks-news/money-104">Stitcher</a> and <a href="https://api.podcache.net/shows/ebc88ef1-73be-4580-abab-483adb44d09c/feed">RSS</a>.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors

Want to Make Money in Stock? Join the Club

https://api.omny.fm/orgs/67ee9ddc-11a3-4cec-841d-ac9a015d5b41/clips/c6e328cb-6c0a-4867-a001-b1e10126c1fc/transcript

The Fed Just Lowered Rates: What It Means for Your Money

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