Money Talks - February 1, 2020

Published: Feb. 3, 2020, 9:21 p.m.

This week on “Money Talks,” Chief Investment Officer Troy Harmon is joined by Principal Jennifer Thomas and Managing Associate K.C. Smith, CFP®, CEPA, to discuss the week’s market movements and economic releases including New Home Sales, U.S. Home Price Indices, and the Conference Board’s Consumer Confidence reading. K.C. and Troy discuss the situation of a business owner who is looking to have his son take over his business so he may retire. The experts discuss the timeline for such a transaction, what planning issues need to be taken into account, and how his options may need to change depending on how quickly he needs the money from the sale of his business. Rounding out the show, the hosts answer listeners’ questions on what to do with unwanted gift cards, and mid-cap financial/credit service companies FirstCash, Inc. and Credit Acceptance Corp.