Kevin Grimes, CEO of Grimes & Company, dives into pivotal market insights alongside Andy Schwartz, CEO of OnePoint BFG Wealth Partners. They break down Powell's caution against counting on rate cuts, explore a surprising surge in new home sales, and reveal the quirky 'Men's Underwear Index' as an economic barometer. The discussion also highlights new IRS rules for 401(k) catch-up contributions affecting high earners and strategies to manage tax impacts, ensuring you’re well-informed as you plan your financial future.
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insights INSIGHT
Fed Signaling Is Mixed And Markets React
The Fed shows a spectrum of opinions and isn't unified on more cuts this year.
Markets priced in cuts but Powell warned cuts are not guaranteed, raising uncertainty.
volunteer_activism ADVICE
Stress Test Home Decisions For Rate Moves
Treat one monthly housing statistic as noisy and check regional detail before acting.
Stress test home affordability across different rate paths before buying or recommending a purchase.
insights INSIGHT
Boxes Signal Goods Shift, Not Full Economy
Unconventional indicators like box shipments can reveal shifts in goods demand.
But services now dominate US spending, so box data may reflect structural change, not just slowdown.
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💡Get Kevin's and Andy’s expert advice one-on-one with a free review of your portfolio. Go to https://www.wealthion.com/free and select Grimes & Company or OnePoint BFG Wealth Partners on the form.
This week on Rise UP!, Rise Growth Managing Partner Terri Kallsen and CIO Joe Duran sit down with Kevin Grimes, CEO of Grimes & Company, and Andy Schwartz, CEO of OnePoint BFG Wealth Partners, to break down the biggest market stories investors need to watch. From Powell’s warning that rate cuts aren’t guaranteed, to the surge in new home sales, to quirky but telling economic indicators, Kevin and Andy unpack what these signals mean for the economy and your portfolio. Plus, they dive into the new IRS rules for 401(k) catch-up contributions and what they mean for high earners over 50.
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Chapters:
3:18 - A Great Balancing Act: The Fed Board’s Growing Split
7:27 - New Home Sales Reach a Three-Year High
13:37 - An Unconventional Economic Indicator
20:00 - Changing IRS Rules on 401(k) Catch-Up Contributions
21:02 - What Options Do I Have to Offset the Tax Hit with Changing Rules?
22:09 - What Can I Do if My Company Doesn’t Offer a Roth 401(k)?
24:04 - What’s the Best Way to Manage Required Minimum Distributions on Retirement Accounts?
26:20 - What to Watch Next Week: Employment Numbers
27:20 - What to Look for in the Manufacturing PMI and ISM Readings
29:30 - Should I Pay Closer Attention to the Services PMI and ISM Readings?
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