August 3, 2024

This week on "Money Talks," Research Analyst Nick Antonucci, CVA, CEPA is joined by Senior Associate Michael Griffin, CFP®, and Associate Clay Norman, CFP®, to analyze the week's stock market trends, discuss the Fed’s monetary policy meeting, and review the University of Michigan’s Consumer Sentiment Survey and the Conference Board’s Consumer Confidence survey. Michael and Clay provide some recommendations for a couple who don’t need the funds from their required minimum distributions to pay living expenses. They discuss charitable contributions, Roth conversions, and reinvestment options. The financial experts finish the show with a listener’s question on diversification in their 401(k).

Timestamps and Chapters

00:00 Market Roundup: July 29 – August 2, 2024
22:47 Case Study: When RMDs are Not Needed for Living Expenses
35:10 Q&A Time: 401(k) Diversification

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Tagged Federal Open Market Committee, QCDs, S&P 500 index performance, interest rates, FOMC, required minimum distributions, target-date funds, RMDs, Qualified Charitable Distributions, Monetary Policy, index funds, interest rate cuts, gifting, second-quarter earnings, Conference Board Consumer Confidence, diversification, Roth Conversions, University of Michigan Consumer Sentiment