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Mind On My Money, presented by Pinnacle: Powell's having none of it

MPW Digital

MPW Digital

Sports

4.71.1K Ratings

🗓️ 15 December 2022

⏱️ 42 minutes

🧾️ Download transcript

Summary

Martin Palomo and Neal McCready discuss stocks, bonds, inflation, recession and Jerome Powell's next moves on this edition of Mind On My Money, presented by Pinnacle. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Welcome into another edition of Mind of My Money presented by Pinnacle.

0:06.2

I'm Neil McCready, Martin Palomo, with me here today as well.

0:09.6

We're recording this on Thursday, December the 15th, 10 days until Christmas,

0:15.7

nine days till the big jolly elf makes his big trip.

0:19.4

So I hope everyone out there is having a great holiday season.

0:22.9

If you're like me and you're traveling starting tomorrow, I hope you and I and all of us are safe.

0:29.0

And let's be careful out there.

0:30.8

See me somewhere in the Las Vegas area or in Boise.

0:36.5

Say hello if you'd like or not. It's up to you. I don't care. Or not. Either way, if you say, you know what, I don't want to talk that some bitch. I'm cool. It's good. No problem. Martin, before we get rolling on the big show, there's some things to get to today. There's there's some stuff that I want to get your thoughts on. People are people. Yeah. You're reading, reading some financial stuff today. We'll talk about that in a minute, but first tell the people what's going on at Pinnacle. Yeah. We'll do. And we'll, we'll get the financial stuff first so that we actually get to it. But if it's all right at the end of the show, if we do have time time i would love to talk a little bit of mike leach

1:11.6

sure if that's cool because uh dude he was he's a guy that i that i loved even you know and openly

1:19.7

uh before all this i just thought he was a a fantastic a funny mind and a fantastic mind so but

1:25.9

anyway um man we are we're kind of we're in the holiday spirits here, man.

1:32.3

We are almost wrapped up with, you know, taking care of our client year-in, loose ends,

1:38.9

which is usually, you know, this year, some tax loss harvesting.

1:42.4

You know, also reminders for folks that are listening out

1:46.2

there if you are uh you know have an inherited IRA you know a parent or a loved one that

1:52.9

passed away and you inherited their IRA um make sure that if you need to take your required

1:58.7

distributions that you do that before year end,

2:02.0

because the penalty is pretty steep.

2:04.6

It's 50% of what you're supposed to take.

2:07.5

So if you're supposed to take 10 grand, the IRS is going to nail you with a $5,000 penalty.

2:13.9

So that is, it's never fun to pay more to the government than you have to so just a little

...

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