America’s Stagnant Housing Market, Stock Market Volatility, Inherited Roth IRAs & IRS Regulations

Welcome to the⁠⁠⁠⁠⁠⁠ @plannedsolutions  ⁠⁠⁠⁠⁠⁠Incorporated Podcast. In this episode we discuss America’s housing market is facing a new challenge. Homeowners who locked in low mortgage rates, either by buying or refinancing during the low-interest rate period of the pandemic, are hesitant to give up their low-rate mortgages causing them to stay put. This has reduced the number of homes for sale, especially in certain localities, causing tight inventories that keep prices high. The combination of high prices and high interest rates makes housing less affordable.

Also, After starting out the year with strong returns, the US stock market recently declined roughly 8% in a few days. While on the surface this looks concerning, history shows that it is very common for the stock market to experience a pullback of at least 10% in most years, including years where the market posts strong returns. Therefore, thus far, the market selloff should be viewed as a normal and healthy correction.

As well, The IRS finally issued tax regulations relating to the rules for non-spouse beneficiaries of a Roth IRA or Roth 401k. After years of confusion the IRS clarified that Roth IRAs must be fully distributed within 10 years of the account owner’s death, similar to traditional IRAs and 401ks, but inherited Roth accounts will not be subject to annual Required Minimum Distributions (RMDs) as inherited traditional IRAs and 401ks will be.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board - Chase was a guest speaker at the Financial Planning Association of Northern California’s quarterly meeting focusing on the business of financial planning and how the industry has evolved. The topics ranged from the current mergers and acquisitions landscape in the financial planning industry, as well as ways to incorporate the next generation into the industry as the Baby Boomer generation slowly reduces their workload or retires.

With interest rates now much higher than they were a few years ago, many banks have been “playing games” to avoid paying depositors competitive rates. Many banks increased the interest rates paid on legacy accounts slower than the market.
The Harlan D. Wood and Debbie Druivenga Memorial Cancer Charity Golf Tournament
Date: Friday, October 11, 2024
Location: Rancho Murieta Country Club – North Course
7000 Alameda Drive
Rancho Murieta, CA 95683
Time: 1:00pm shotgun start, 5:30pm dinner
All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the dinner.

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail ⁠⁠⁠⁠⁠⁠Katie@PlannedSolutions.com⁠⁠⁠⁠⁠⁠

The Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Chase Armer's book- Financial Planning Insights is now available at:
⁠⁠⁠⁠⁠⁠⁠https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpb⁠⁠⁠⁠⁠⁠
Intro 00:00

America’s Stagnant Housing Market 01:28

Stock Market Volatility 11:58

Inherited Roth IRAs-IRS Final Regulations 17:38

Bulletin Board 21:00
Planned Solutions, Inc.

⁠⁠⁠⁠⁠⁠https://www.plannedsolutions.com/⁠⁠⁠

Видео America’s Stagnant Housing Market, Stock Market Volatility, Inherited Roth IRAs & IRS Regulations канала Planned Solutions inc