5-3-24 Who'll Win the Tax Cut Battle? (We'll all lose...)

Apple's results + the Biggest Buyback Ever: Are iPhones becoming a high-tech toaster? Labor/Jobs Report preview; what the Fed may do. It is surprising the market is now down more than 5%. This has been a government-driven economy. Janet Yellen is a Marxist. Who will win the tax cut battle? We'll all lose. It's apsneding problem, not a revenue problem. Why are taxing lines drawn at $400k? The life of a WalMart manager; tax dollars go to waste. New Department of Valuations. Next Lunch & Learn preview: Medicare. Are advisors giving conflicting advice on Social Security? No one wants to address Medicare; get a second opinion before taking SS early. The surge in interest in annuities; Gen-Z would rather have insurance than stocks: Stable income from annuities. Gen-Z living frugally: The differing attitudes of younger generations.
3:09 - Apple Results & The Biggest Buyback Ever
14:24 - Who'll Win the Tax Cut Battle?
30:15 - Are Advisors Giving Conflicting SS Advice?
44:28 - Why Gen-Z Would Rather Have Insurance than Stocks
Hosted by RIA Advisors Director of Financial Planning, Richard Rosso, CFP, w Senior Financial Advisor Danny Ratliff, CFP
Produced by Brent Clanton, Executive Producer
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Articles mentioned in this report:
"Fed Policies Turn The Wealth Gap Into A Chasm"
realinvestmentadvice.com/fed-...
"Bullish Sentiment Index Reverses With Buybacks Resuming"
realinvestmentadvice.com/bull...
"Sucker Rally Or The Return Of The Bulls"
realinvestmentadvice.com/news...
"Retail Sales Data Suggests A Strong Consumer Or Does It"
realinvestmentadvice.com/reta...
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REGISTER for our next Lunch & Learn: "Transitioning to Medicare"
realinvestmentadvice.com/evrp...
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The latest installment of our new feature, Before the Bell, "Markets Pump & Dump" is here:
• 5-2-24 Markets Pump & ...
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Our previous show is here: "Powell Holds Pat"
• 5-2-24 Powell Holds Pa...
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[@mitch1161]

Excellent show!

[@fredtorres9416]

Rosso 👍

[@MaddieBr]

No one should take SS while they're still working. But highish net worth people who delay until 70 are likely to see severe cuts or means testing in the 2030s

[@mak529]

I hear psilocybe cubensis are native to Texas..

[@nicowindsurfgodard]

BUFFET bought a few trains of iphone to make sure revenue was A-ok...