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Tom Sullivan Financial Friday

Tom Sullivan Financial Friday

Written by: Tom Sullivan
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Financial Friday is listener's calls about money and investing. Tom Sullivan began with one of the Big Four accounting firms in the audit and tax departments. He was in the investment business for 30 years rising to managing director of investments for a major Wall Street firm. He was also one of the original anchors that launched Fox Business interviewing business and political leaders for ten years.Copyright Thomas Sullivan Economics Leadership Management & Leadership Personal Finance
Episodes
  • $40 Trillion in National Debt — And Bessent's Bond Market Trick Failed in 24 Hours. Trump's 50% Canada Tariffs Are Live, Paid by You. Plus H

    $40 Trillion in National Debt — And Bessent's Bond Market Trick Failed in 24 Hours. Trump's 50% Canada Tariffs Are Live, Paid by You. Plus H
    Aug 23 2026
    National debt just crossed $40 trillion. Treasury Secretary Bessent tried to manipulate interest rates lower through a bond buyback trick — worked for one day, completely reversed by Wall Street the next. Meanwhile Trump's 50% tariffs on Canadian goods officially took effect this weekend after talks collapsed at the last minute, and Canada is hitting back dollar for dollar. Remember — you pay these tariffs, not Canada. Then two great listener questions — how do you plan retirement when the government owes $40 trillion, and should you sell a rental in a booming area to move somewhere twice as expensive? We walk through both today.

    Call with your money questions 855-295-6600
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    19 mins
  • Financial Friday — Selling a Landlocked "Up" House Surrounded by Commercial Property, How to Get Out of a REIT & Which Assets Should Be Sold

    Financial Friday — Selling a Landlocked "Up" House Surrounded by Commercial Property, How to Get Out of a REIT & Which Assets Should Be Sold
    Aug 15 2026
    This week on Financial Friday — a caller owns a small piece of land completely surrounded by commercial development, just like the house in Up, and wants to know how to sell it for what it's actually worth. Another caller is trying to get out of a REIT and hitting more resistance than expected. And we tackle a real estate planning question — which assets should actually be sold first after someone passes away, and why the order matters for the tax bill your heirs end up paying. Real questions, straight answers.

    Call with your money questions 855-295-6600
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    29 mins
  • Financial Friday — Taxes on Selling Your Home, Cashing In a 401k to Pay Off Your Mortgage, Rental Property Deductions, Investing in Space &

    Financial Friday — Taxes on Selling Your Home, Cashing In a 401k to Pay Off Your Mortgage, Rental Property Deductions, Investing in Space &
    Aug 8 2026
    This week on Financial Friday — what taxes you'll owe when you sell your home and how to shield most of the gain. Should you ever cash in your 401k to pay off the mortgage? We break down the real math. What tax deductions can rental property owners actually claim? Is investing in the space industry smart or speculative? And what's the best move for a grandchild born just before Trump Account eligibility kicked in? All five questions answered with straight, practical advice.

    Call with your money questions 855-295-6600
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    28 mins
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