May 25, 2024

This week on “Money Talks,” Chief Investment Officer Troy Harmon, CFA, CVA, is joined by Senior Associate Michael Griffin, CFP®, and Associate Josh Weidie, CFP®, CWS®, to cover the week’s market news, the minutes from the Fed’s May monetary policy meeting and existing home sales. Michael and Josh provide advice for a couple who are saving for retirement; however, they don’t have a clear goal. The financial experts provide some advice on whether the investors should sit down with a financial adviser. The show hosts round out the show by answering a listener’s question on if there are any advantages to leaving some money in pre-tax retirement accounts if they’re planning a Roth conversion.

Timestamps and Chapters

00:00 Market Roundup: May 20 – May 24, 2024
22:45 Case Study: Planning When Retirement is 25 Years Away
34:01 Q&A Time: Not Converting all Your IRA to a Roth

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Tagged one-time financial plan, FOMC minutes, 401(k) calculators, existing home sales, spending assumptions, taxes, pre-tax money, Roth Conversions, after-tax money, Federal Open Market Committee, diversified retirement funds, S&P 500 index performance, financial planning, May Monetary Policy, 25-year retirement horizon