Highlights for this Saturdays (Feb.1st) Your Safe Money Show

The news keeps coming in on the Target breach and now more retailers are coming forward, what a mess. So what a perfect time to have John Mackey, a credit specialist, from master credit solutions to talk about all things credit related.                                                                  

Helping Family Members Financially Good Idea or Not?

Acting as the bank of Mom and Dad is not a new thing. But, overtime, it could be a dangerous one. A recent study shows that nearly two-thirds of people age 50 and older are helping family members without considering the impact on their own retirement. Another study found that support to adult children was one of the top retirement derailers. Possible guidelines for reigning it in:
Get a handle on how much you've been giving and put it in context.
Before you shell out, ask about cheaper alternatives-or other financing options.
If you shell out, specify how much and for how long.
(Kiplinger's Personal Finance)

The first Wine,Women and Wealth event.

I am fresh off last night's Wine, Women and Wealth event held at Goose Lake Farm and Winery in Elk River. I so appreciate everyone who came out in cold conditions to be part of this.
The food and wine was delicious and I hope those who participated learned some valuable information that they can use for their financial future.
I will be having one more Wine, Women and Wealth event this week on Thursday the 30th at the same location at 6 p.m. and you are welcome to still sign up. There is no cost but we need you to register so we have enough materials and food. Call toll free 877-812-0259.
Full details are on the home page.

Tonight's the Night!

I am having the first Wine, Women and Wealth workshop tonight at 6 p.m. at Goose Lake Farm and Winery in Elk River. Full details are at the home page and I still have room for a few more if you'd like to part of this FREE event call now 877-812-0259.

Highlights for January 25th Your Safe Money Show

If you looked back to 1983 and compared costs to today would things cost more or less?

Deadline for signup drawing near

The "Wine, Women and Wealth" workshops are coming up fast! This coming Tuesday the 28th and Thursday the 30th at 6 p.m. at Goose Lake Farm and Winery in Elk River. We have a few seats open for this free event but don't wait to call and register toll free 877-812-0259. Look at the home page for full details!

Being Willing to Share.

In this day and age with many account options and many online, do your heirs a favor and let them into your financial life, by providing a road map.
Financial accounts- Make a list of all your accounts (bank, credit card, investment and retirement), as well as household bills and insurance (health, home and auto). Include account numbers as well as log-ins and passwords.
Legal documents- Give a copy of your wills, trusts and powers of attorney to anyone named or authorized to act on your behalf. Store the originals at home, or in a lock box.
Your team- List contact info for your attorney, tax guy, etc.Better yet introduce them to your children.

Definition of the Day January 22

Beneficiary: The individual or legal entity receiving an annuity death benefit when the annuitant designated in the contract dies. Typically a child or spouse. The beneficiary cannot manage the annuity-a right reserved solely for the contract owner.

Wine, Women and Wealth event!

I am just so excited for two upcoming workshops being held next week at Goose Lake Farm and Winery in Elk River! You  maybe noticed on the home page of the website, information on this. The information is geared to women 45 and older but all our welcome. This is a FREE event. Women face different challenges than men when it comes to saving and dealing with retirement. I'll talk about those challenges and answer questions starting at 6 p.m. and afterwards there'll be wine sampling and food. Go to the home page to get full details but the first get together is Tuesday January 28th and the second one Thursday January 30th.  To register call 877-812-0259. Hurry seating is limited!

Highlights for this Saturday January 18 Your Safe Money Show!

The Target breach has been a mess and John Mackey, a credit specialist, has insight on what we can do to keep ourselves safe. There are 40,000 new laws, regulations and resolutions starting in 2014, some make sense, some not so much. Plus we look at some crazy laws still on the books.

Definition of the Day January 15

Life Annuity: An annuity that pays a set amount on a regular, periodic basis, for the duration of the annuitant's life.

Definition of the Day January 14

Non-Qualified Annuity: Non-qualified refers to the part of an annuity plan that can be attributed to the return of capital and is therefore not subject to taxation; the interest portion is taxable however.

Definition of the Day January 13

Premature Distributions: The withdrawal of earnings amounts from an annuity program before the annuity contract's owner reaches 59.5 years of age. Usually accompanied by a 10% penalty from the IRS.

Highlights for Saturday January 11 Your Safe Money Show

Taking care of your eyes should be a top priority especially as we age. The longer we see well the better quality of life. Saturday on Your Safe Money Show I have Dr. Troy Mork an optometrist discussing various eye concerns as we age and what we can do to stay healthy.

Tax Refund's for 2013 will have delays

Due to the government shutdown in October, the IRS pushed back the date it will accept returns by ten days. Originally, scheduled for January 21, the IRS won't 'process' any returns until January 31. The IRS is using the extra time to update and test the computer systems that process returns- a task that was delayed by IRS workers being furloughed during the 16 day shutdown. Because of the delay, you may not get your refund as quickly. You can speed up the process by using e-file with direct deposit.

Definition of the Day January 8

Joint Owner:
An individual who co-owns an annuity contract with another person. Both have the right to make and approve decisions relating to the contract.

Definition of the Day January 6, 2014

Simplified Employee Pension (SEP):
A type of retirement plan in which an IRA (Individual Retirement Account) is used to hold contributions; a simpler alternative to a 401(k) or profit sharing.

Highlights of Saturday January 4th Your Safe Money Show

Tune in and hear the "best of" the last six months of 2013 shows, including the good news with Social Security, rolling over 401(k)'s, documents you need before you die, lending money to family members and more!