Ben and Brian discuss potential geopolitical impacts on markets, particularly the recent missile attacks in the Middle East. These events could drive oil prices higher, which, in turn, may fuel inflation and affect economic stability.
Outside current events, they cover the importance of Roth conversions as we approach year-end. This is the perfect time to assess whether converting pre-tax IRA funds to a Roth IRA is right for you, especially with tax rates expected to rise!
However, be aware of its impact on Medicare and Social Security—Roth conversions can increase your modified adjusted gross income, potentially leading to higher Medicare premiums and increased taxation on Social Security benefits.
Have you looked at emerging markets recently? We may see an opportunity.