July 29, 2023

This week on “Money Talks,” Chief Investment Officer Troy Harmon, CFA, CVA, Managing Associate D.J. Barker, CWS®, and Senior Financial Planner Adam Stadalius, CFP®, discuss the market’s reaction to the Fed’s latest hike in interest rates, the first reading of second quarter GDP and the yield curve. D.J. and Adam discuss an investor’s options when he inherits his wife’s IRA. With three young children to care for while adjusting to life as a single parent, this investor will have to consider his need to access the money, taxes, and his plans for his family’s future. The hosts round out the show answering a listener’s question on the potential economic impact of student loan payment reinstatements.

Timestamps and Chapters

00:00 Market Roundup: Covering July 24 – July 28, 2023
24:00 Case Study: Decisions as a Spousal Beneficiary
37:36 Q&A Time: Will the Reinstatement of Student Loan Payments Throw us into a Recession?

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Tagged estate planning, inflation, financial planning, recession, FOMC July meeting, student loans, second quarter GDP, Rollover IRA, IRA beneficiary, interest rate hike, spousal beneficiary, repayments, Fed Funds rate, Inherited IRA, economy, S&P 500 index performance