- Federal Reserve signals it's ready to start cutting interest rates soon

- New real estate commission rules just went into affect, what does it mean for buyers/sellers?

- How famous athletes and celebrities get financially duped

- Chick Fil A launching steaming service focused on "family-friendly" entertainment

You've got Social Security questions, and I've got Social Security answers!
Today we're covering important aspects of Social Security that you need to know:
1. How is SS calculated?
2. What benefits are included in SS (more than you probably thought)?
3. When should I start claiming SS?
4. SS claiming strategies that often get overlooked

Retirees have two massive challenges when entering retirement: nobody knows how long they'll live and nobody knows what the market will do in the short term. So what's the best strategy for spending your nest egg?

Is an annuity a good way to generate passive guaranteed income in retirement? In today's episode we break down what an annuity is, the major downsides of owning an annuity, and why an annuity might still be a good solution in some cases.

Can you guess what the best-performing stock of all time is? What happens when you give people $1000/mo for free? France's new left-wing party won the election and wants to tax the wealthy at 90%. Southwest is finally abandoning open-seating.

Last year, Josh and Emily Hall fulfilled their dream of living abroad in Europe for 9 months. They managed to do it all without selling their house or quitting their jobs, and they only ended up spending $15,000 more during those 9 months than they would have back home in North Carolina!
We talk about the highlights of their trip as well as the challenges (like getting stuck in Israel during the October 7 attack!), and how this experience shaped their view of money and its role in their lives.

Last year, Josh and Emily Hall fulfilled their dream of living abroad in Europe for 9 months. They managed to do it all without selling their house or quitting their jobs, and they only ended up spending $15,000 more during those 9 months than they would have back home in North Carolina!
We talk about the highlights of their trip as well as the challenges (like getting stuck in Israel during the October 7 attack!), and how this experience shaped their view of money and its role in their lives.

June 2024 Money Minute. New report shows than "hidden" home costs now top $18,000 a year for average home. Americans are spending more than ever on restaurants. The Texas Stock Exchange is set to open later this year in Dallas. NBA close to finalizing new TV deal worth 2.5x more than its current one.

Harley Snode with Inspire Counseling Ministries joins me to discuss the intricate relationship between our money and our mental health:

- How does our upbringing and childhood shape our view of money?

- Are our money decisions based more on math or emotion?

- How do envy and social comparison rob us financial security?

https://inspirecounsel.com/

https://www.facebook.com/harleysnode

How often should I reevaluate my investment strategy? (1:30)

How much can I safely withdraw from my retirement account? (6:48)

Can churches give a tax-free gift to their pastor at retirement? (15:50)

Law of diminishing returns in your personal finances (21:56)

When is it ok to withdraw from my IRA? (32:34)

Thoughts on IULs (indexed universal life insurance) (38:18)

Links:

https://www.clergyfinancial.com/is-a-pastors-retirement-gift-taxable/

https://pastorswallet.com/are-gifts-to-retired-ministers-taxable/

https://www.honestmath.com/iul