Grow Money Business with Grant Bledsoe Grant Bledsoe

We dedicated this week’s episode to another mailbag question from our listeners related to tax withholdings.  Here in the U.S., most people set some money aside throughout the year from their income and/or estimated tax payments, to be put toward their income tax bill for the year.  Then they cross their fingers when it comes time to file their return, hoping that they don’t owe any more than what they’ve set aside.
In this week’s episode Grant covers the ins and outs of tax withholdings, and answers a listener’s question on whether they should adjust their withholdings for 2024. 

Michelle Seiler Tucker is back on the show this week to discuss how higher interest rates have impacted the market climate for business sales.  Michelle is the best selling author of Exit Rich and has been in the M&A business for over 20 years (selling over 1,000 business over that time frame).  She shares a few basics of what business owners can do now to set themselves up for future success, as well as how the buyer’s perspective has changed.
We also cover some market news.  Gamestop has been in the news recently after Keith Gill, aka “Roaring Kitty” posted screenshots of his holdings and announced a YouTube livestream last week.  Gamestop proceeded to make a surprise earnings announcement, in addition to a secondary share offering after seeing it’s price jump over the last two weeks.
 
Links:
https://www.wsj.com/finance/stocks/degen-stock-crypto-trading-market-trend-69d12a56

This week was relatively slow in market news…..until the Trump verdict came out.  Donald Trump was found guilty on all 34 counts brought against him in the hush money trial, which throws more uncertainty into upcoming election cycle.  The financial world changed on Tuesday as well, as the stock settlement cycle was shortened from T+2 to T+1.  We cover what all this means for you, how the markets reacted to the Trump verdict, and whether the investment vehicle Trump used to take Truth Social public is something you should consider for your portfolio.
Resources:
https://www.jpmorgan.com/insights/securities-services/regulatory-solutions/t-plus-1

We’ve covered a lot of technical investment concepts on the show over the last couple years.  Since it’s sometimes helpful to take a step back and focus on the core foundational concepts, this week’s episode covers the three golden rules of investing we should all be trying to use.  We also cover Nvidia’s stock split and the new world of financial scammers.
Resources
sherwood.news/tech/investigating-instagram-investing-scams/

A few weeks ago I had someone ask whether it was possible to live off of dividend income alone in retirement.  This gentleman had saved up a nice chunk of money and was currently invested 100% in stocks.  He was eligible for Social Security benefits, and was intent on never selling any of his shares in retirement.
Instead, he wanted to live off the dividends his portfolio produced to pay his expenses.  He thought that between his Social Security benefits and dividend income he’d have plenty to pay his bills.  I thought this was an interesting question, and dive into the details in today’s podcast episode.

We’re trying a new format on the show!  Starting this week each episode of Grow Money Business will include a few consistent sections.  We’ll answer mailbag questions.  We’ll interview guests.  We’ll spend a couple minutes reviewing the markets.  And we’ll review news articles you should be paying attention to.  Enjoy!
Resources:
etf.com/sections/news/fidelity-adds-surcharge-etf-platform
wsj.com/personal-finance/retirement/inherited-retirement-account-ira-irs-c3c95273?mod=personal-finance_lead_story