Timothy Sumer

It’s a new week which means we have a new Weekly Webinar episode to help you better navigate and understand your finances. This week, Mark touches on a range of wealth management topics, from recent headlines to a review of the markets, ending with tips on how you can save tax on inherited IRAs. Mark begins the webinar by touching on the headlines that have come out this week. Most recently, the Consumer Price Index released its numbers for the month of June, showing that inflation is coming down to more normal areas. However, Mark notes that the FED is still looking for a 2% inflation rate so it’s unclear if they will stop raising interest rates or if they’ll begin making cuts. He also touches on the numbers that came from the Producers Price Index as well as other recent economic indicators. Following this, Mark shares updates from the Ed Slott Group for this week, the big update being that the IRS excused any missed RMDS in 2023 within the 10-year payment period and is...