Your Safe Money Show Holiday Gifts 2017

Highlights for December 23 Your Safe Money Show

For the Saturday December 23 Your Safe Money Show, the Fed raised the interest rate recently, we’ll discuss what that means for the economy and our pocket books. 
Credit card debt is in the news again and the average consumer pays nearly $1000 a year. What can we do to diminish or stop that all together? 
Gift cards are given more today than ever, I’ll have scams to be aware of with gift cards
And what are the most popular holiday gifts for 2017? 
Listen at 7:30 a.m. at 95.5 FM KBEK. They stream live at kbek.com.Hear recent shows at our podcast page at yoursafemoneyshow.com.

Required minimum distributions

Travel Insurance

According to the U.S. Travel Insurance Association, more travelers are getting coverage. So, what is travel insurance? It is intended to cover medical expenses, trip cancellation, lost luggage, flight accident and other losses incurred while traveling. How do you know if you need travel insurance? Ask yourself how much money might be lost if you need to cancel or postpone your trip, or head home early. If that amount is more than you want to lose, insurance might be a good idea. You might also want to consider travel insurance with medical coverage if you're headed abroad (where your health insurance may not be valid) or to a remote area or on a cruise (where getting to a hospital may require air evacuation). Before you buy a third-party travel insurance policy, check to see if you already have some protections through other sources. For example, some homeowners or renter’s insurance policy may cover your belongings away from home. Travel insurance is also a common perk for credit cards, provided you paid for those travel arrangements with the card. 

Your Safe Money Show Changes to Social Security 2018

Highlights for Saturday December 16 Your Safe Money Show

Highlights for Saturday December 16 Your Safe Money Show.
In 2018 there will be changes to Social Security, I’ll go over what those changes will be and how you can plan accordingly.
Many people donate to charities especially during the holidays, I’ll have the best and worst charities.
And there are ways for you to cut the cost of your homeowner’s insurance, might as well start out 2018 by saving some money. 
Tune in at 7:30 a.m. Saturdays at 95.5 FM KBEK. They stream live at kbek.com. If you can't listen Saturday mornings, go to our website yoursafemoneyshow.com and hear recent shows at our podcast page.

Vaccine guidelines for older adults

Finding out if your car has a recall

If you own a used vehicle do you know it’s history? There could be a recall on your vehicle that’s never been taken care of and you don’t even know it. Well the National Highway Traffic Safety Administration has a way for you to find out if your vehicle has a recall or not. Just go to nhtsa.gov and click on recalls. You can put in your vin number or the make and model and they will tell you if that vehicle has a recall or not and what to do. To find your VIN number, look on the lower left of your car's windshield for your 17-character Vehicle Identification Number. Your VIN is also located on your car's registration card, and it may be shown on your insurance card. The VIN search tool covers

• Vehicle safety recalls that are incomplete
• Vehicle safety recalls conducted over the past 15 calendar years
• Vehicle safety recalls conducted by major light auto automakers, including motorcycle manufacturers.

  You can also find out a vehicles safety rating, how car seats compare, and how your tires rate. 

Your Safe Money Show RMD's explained 12 9 17

Highlights for Saturday December 9 Your Safe Money Show

Coming up on this Saturday's (December 9) Your Safe Money Show, RMD’s, Required Minimum Distributions, I think most everyone has heard about RMD’s, but there are several rules you must understand, so I’ll break those down for you.
On a lighter note, what kind of a gift do you get a retiree? These ideas are not your average tie or perfume.
And 2018 is right around the corner, we’ll look at things that will cost more so you can be better prepared going forward.
Tune in at 95.5 FM KBEK at 7:30 a.m. they also stream live at kbek.com.Hear recent podcast of the show at yoursafemoneyshow.com.

Color of Money

Living beyond your means

How do you know if you’re living beyond your means?
Here’s some things to consider.
Do you run out of money before your next paycheck? Might be time to look at your spending each month.
If you use your credit card to pay for vacation because you don’t have the cash. I am not saying you can never go on vacation, but waiting until you can afford it, makes sense.
You have no emergency fund. Emergency fund is 3 to 6 months of your spending needs in case you can’t work, or you have a big unexpected expense.
You can’t pay off your credit card balance each month and you’re paying interest on that money. Try to only use a credit card if you can pay it off each month.
If you can’t save at least 5% of your income each month. Saving what you can each month is crucial to your overall financial health.
We all hit rough patches in life but realizing your living beyond your means, and making changes to your spending can get you back on course.

Your Safe Money Show Give the gift of a Roth IRA 12 2 17

Highlights for December 2 Your Safe Money Show

On this week's (December 2) Your Safe Money Show,we’ll compare our work habits as Americans to those in other countries. I think you’ll find the results interesting. 
I have a warning about items you shouldn’t finance and why. There’s new studies out that show a link to exercise and a longer life.
And have you ever thought of giving a Roth IRA as a gift? For this discussion we’ll be talking about a parent or grandparent gifting to a child or grandchild. 
Tune in Saturday mornings at 7:30 at 95.5FM KBEK. They stream live at kbek.com. Listen to recent shows at our podcast page at yoursafemoneyshow.com.

Identity theft

Lower utility bills

The winter of 2017–2018 is expected to be colder than last winter, according to the National Oceanic and Atmospheric Administration. That means higher heating bills no matter what type of fuel you use.
Even as were into winter, here are ways to save on your utility bills. Seal any air leaks. Professionals perform a blower door test to identify air leaks. But you can try a low-tech version by turning on all of your home’s exhaust fans and holding an incense stick near windows, doors, and electrical outlets. If the smoke blows sideways, you have a leak that needs plugging. Next set your thermostat: If you haven’t upgraded to a programmable or smart thermostat yet, this is the winter to do so. The device will automatically lower the heat when you’re asleep or away from home. If you have forced-air heating you have a filter, be sure to change that filter depending on the grade, some you need to change monthly, some suggest every three months.
These simple changes can help you save on your heating costs.

Your Safe Money Show Short term goals for the New Year 11 25 17

Highlights for November 25 Your Safe Money Show

2018 is right around the corner, I have financial goals you can start now to jump start your New Year.
 If you’ve ever had to do someone’s finances as a caregiver, this can be a tough job, I’ll have suggestions to help you with this difficult position. Many renters don’t have insurance and I want to share with you the benefits of having renter’s insurance. 
And Cyber Monday is two days away, I’ll have what NOT to buy on Cyber Monday. 
Tune into KBEK 95.5 FM at 7:30 Saturday mornings. They stream live at kbek.com. Hear recent shows at yoursafemoneyshow.com.

Emergency Funds

Vaccines

I wanted to share with you vaccines that are good to have as we get older. The once-a-year flu vaccine is a must for older adults. The vaccine typically cuts risk by 40 to 60 percent, and getting vaccinated between 9 and 11 a.m. led to higher levels of protective antibodies than those given between 3 and 5 p.m. 
Two vaccines protect against pneumococcal disease, the CDC recommends that all adults 65 and older have both shots, a year apart. 
The shingles vaccine is recommended for those age 60 and older, it cuts the chances of getting shingles by 51% for 5 years. 
If you didn’t have the Tdap (tetanus, diphtheria, and pertussis) shot—the booster for the childhood Tdap vaccine—as a teen or an adult, get one now. Making sure you’ve had the Tdap booster is especially important if you’ll be spending time around an infant. Pertussis, or whooping cough, is a highly contagious bacterial respiratory-tract infection that can be life-threatening for children younger than 12 months.
 Check with your doctor and stay on top of needed vaccines. 

Your Safe Money Show What is co insurance 11 18 17

Highlights for November 18 Your Safe Money Show

As I meet with people about their health insurance with MnSure open enrollment and Medicare open enrollment, I’ve had questions asked about co-insurance and other insurance terms. So on today’s Your Safe Money Show (November 18) I’ll explain those terms and how they affect you.
Most people pick an age to retire, well let’s reconsider that thinking and go by income as way to decide when to retire. Getting back into the job market in our later years can be a challenge, I’ll have tips to help and how can we teach our children the value of money? 
Tune into KBEK 95.5FM at 7:30 a.m. Saturdays, they also stream live at kbek.com. You can hear recent podcasts of the show at yoursafemoneyshow.com.

Booking Scams

Your Safe Money Show Deer collisions and insurance 11 11 17

Snow bird considerations

We’ve all heard the term “snowbirds”, they typically are folks who head South for the winter. 
If you’re thinking of becoming a snowbird, there are considerations you’ll want to make before you head South. 
You can have multiple residences but only one domicile. There can be many advantages to picking one place over another, several states have no income tax, and others have tax breaks on retirement income and on real estate taxes for older residents. Estate taxes can also be more favorable
in some states than in others. Be prepared to prove that the state you pick really is your home base.
Each state has its own requirements to prove residency, so check the details. For starters, make sure you change your driver's license, mailing address and tax return address. One big mistake people make is they have their income tax return go to the wrong state. The federal government and the state’s share that data.
Check to make sure that all your financial and estate-planning documents — including powers of attorney, wills and medical directives — are all still valid under the laws of your new state.

Your Safe Money Show Retirement Personality Type 11 4 17

Deer crashes

Car accidents with deer are especially common this time of year. 
Driving at dawn and dusk are the highest risk times for deer crashes. 
Hitting a deer can be costly: According to the Insurance Information Institute, the average cost of deer-crash insurance claims was $4,135 in 2015. If you have comprehensive coverage on your car insurance policy, hitting a deer is typically a covered loss. Keep in mind that for comprehensive coverage to apply, your vehicle must make physical contact with the deer. In other words, if you swerve to avoid hitting a deer and crash into another object or vehicle, you would need collision coverage to help repair damage to your car. When you purchase
comprehensive or collision coverage, you choose a set deductible. That's the amount you'll pay out of pocket before your insurer reimburses you for a covered claim.
Check with your agent to be sure you have proper coverage.
Any questions call 320-679-5183 and ask for Dennis Norby.

Your Safe Money Show 401k limits 10 28 17

Highlights for Your Safe Money Show 10-28-17

opics for Your Safe Money Show this Saturday,10-28-17, in the news this week we’ve been hearing a lot about 401(k) limits going up for 2018 but we’ve also heard of proposed cuts in the tax reform bill, I’ll get into those details with you today. 
The headline reads “why traditional retirement is dead”, what has changed?
And we haven’t talked about estate planning for a while, so we’ll have a refresher course for you. 
Tune in Saturday morning at 7:30 at 95.5 FM, KBEK. They stream live at kbek.com. To hear recent shows podcast go to yoursafemoneyshow.com.

Flooded Vehicles Beware

MnSure 2018

There seems to be a bit of confusion about MnSure. To clarify, MNsure is Minnesota’s health insurance marketplace, where you can shop, compare and choose health coverage. It is the only place you can qualify for financial help through federal tax credits or MinnesotaCare and Medical Assistance.
MnSure does not set the prices for health insurance, the health insurance companies do.
We are again serving as a MNsure Broker Enrollment Center during the 2018 open enrollment period, which runs November 1, 2017, to January 14, 2018.
Keep in mind that if you need your insurance to start January 1st you will need to get coverage by December 15th.
If you want to learn more about your health insurance options or you need help with the application or enrollment process call for an appointment today at 320-679-5183 or go to the website yoursafemoneyshow.com.

Your Safe Money Show Minnesota and taxes 10 21 17

Highlights for October 21 Your Safe Money Show

Tune in this Saturday morning (10-21-17) at 7:30 for Your Safe Money Show at 95.5FM KBEK. They stream live at kbek.com.
This might sound kind of crazy, but if you had 1 million dollars going into retirement, how long would it last? We’ll see by state, where it will last the longest.
Minnesota is known for being a high tax state, where does that money go?
Also, if you have traditional Medicare, you’ll need to be sure that your treatment is covered, I’ll explain.
And if you’re a snowbird you’ll want to learn about financial planning that can save you money in the long run.
Hear recent shows at the podcast page at yoursafemoneyshow.com.

How important is your credit score?

Beware of flood damaged vehicles

Flood damaged vehicles will be hitting the market soon, and you
need to be aware of what to watch out for if you’re in the market for a used car or truck.
Inspect the carpets to see if they show signs of having been waterlogged, such as smelling musty or having caked-on mud. Likewise, brand-new carpets in an older vehicle may be another red flag. Check the seat-mounting screws to see if there’s any evidence that they have been removed.
Inspect the lights. Headlights and taillights are expensive to replace, and a visible water line may still show on the lens or reflector.
Inspect the difficult-to-clean places, such as gaps between panels in the trunk and under the hood. Waterborne mud and debris may still appear in these places.
Search around the engine compartment. Water lines and debris can appear in hard-to-clean places, such as behind the engine. Check to see if the rubber drain plugs under the car and on the bottom of doors look as if they have been removed recently. That may have been done to drain floodwater.
Before buying a used vehicle, a detailed inspection is the best protection.

Your Safe Money Show Medicare Open Enrollment 10 14 17

Your Safe Money Show highlights for October 14th

Your Safe Money Show topics this week, (10-14-17) with Open Enrollment for Medicare starting October 15th and running through December 7th, I am going to cover what Medicare is all about, the parts, when and how to enroll, and how important it is to examine your Part D, especially during this Open enrollment period.
Last week we talked about the pros and cons of owning your own home, and a natural next question is “how much house can you afford”? If you’re in the market for a home, this needs to be understood before you start looking.
And to have a successful retirement there’s one thing that stands out, I’ll tell you what that is. 
Tune in at 7:30 Saturday morning's at 95.5 FM KBEK for Your Safe Money Show. They stream live at kbek.com. Hear recent shows at yoursafemoneyshow.com.

Borrowing from your 401(k)

Your Safe Money Show Pros and cons of owning home 10 7 17

Your Safe Money Show October 7th Topics

Here's highlights for the October 7 Your Safe Money Show. We’ve heard about the hurricanes, and along with so much devastation, people’s vehicles are flood damaged. We’ll look at the demand for vehicles to replace those damaged by flooding and the concerns about water damaged vehicles being sold to unknowing car buyers, and what to watch out for.
We will also go over the pros and cons of owning your home free and clear.
And when it comes to managing your money, there are basic rules that can really help keep you on track. I’ll have those rules for you. Hear the show Saturday mornings at 7:30 on KBEK 95.5 FM. They stream live at kbek.com. Hear recent shows at our podcast page at yoursafemoneyshow.com.

Medicare Open Enrollment

Social Security

Social Security checks don’t always provide enough to live on. Fortunately, there’s no rule saying you can’t work and receive benefits at the same time. However, Social Security does limit the amount people who retire before their full retirement age can earn while still receiving benefits.
In 2017, the earnings limit is $16,920. What happens if you exceed the earnings limit? Social Security will withhold $1 in benefits for every $2 over the limit you earn. 
The money isn’t gone forever, though. Once you hit age 66 the earnings limit is lifted and you’ll receive credit for any benefits that were withheld in the past.
In 2017, most workers will pay 6.2% in Social Security tax on the first $127,200 of income. Compared to 2016, that works out to a tax increase of $539.40 for anyone whose income hits or exceeds the cap.
If you have questions call 855-22money, or go to yoursafemoneyshow.com.

Your Safe Money Show Saving money after retirement 9 30 17

Highlights for September 30 Your Safe Money Show

I saw a headline “Having children can ruin your retirement”. Now I know that sounds terrible but it did catch my attention, we’ll dig into what that really means.
Sometimes we have no choice, we have to tap into retirement accounts early, and that means penalties. In some cases you can avoid or reduce those penalties. I’ll explain how that works. And were always talking about ways to save “before” retirement, we’ll see how to save “after” retirement.
Tune in at 7:30 a.m. at 95.5FM KBEK. They live stream at kbek.com.Hear recent shows at our podcast page at yoursafemoneyshow.com.

Medicare Change

Borrowing from your 401(k)

Borrowing from your 401k is not a good idea, and here's why. When you borrow from your 401k, you are taking a loan. Yes, that's right. You are borrowing money from yourself.
Usually, you have five years to pay the money back with interest. If you end up leaving your job before the loan is paid back, you usually have to pay it back within 60 days of leaving, or it's considered a distribution and taxed as income. Not only are you paying interest on your own money, but you're doing it with after-tax dollars. You will have to pay taxes on those same funds again when you withdrawal the money in retirement. This is known as double taxation. You’ re also missing out on any compound growth that your investment would have earned if you didn't take the loan. While you’re paying back the loan, you probably won’t be contributing to the 401(k) so you miss out on the company match.
Those considering a 401(k) loan should compare the rates they can get on other types of loans, such as a home equity line of credit. For people with solid credit, that will likely be a better option than borrowing from the 401(k).
For more information call 855-22money or go to the website yoursafemoneyshow.com.

Your Safe Money Show Gradient and credit card debt 9 23 17

Highlights for September 23 Your Safe Money Show

On this weeks (9-23-17) Your Safe Money Show, we’ll continue my interview with Kalen Sigecan from Gradient Annuity Brokerage, we ran out of time last week so we’ll finish our discussion with him.
Also there’s new information from Wallethub about outstanding credit card debt, we’ll cover the implications of that trend. 
And if you’re getting married yet this year, you need to know money mistakes that can get your marriage off on the wrong foot. Marriage can be a big adjustment and money problems are always listed as one of the top issues in a marriage. 
Tune in at 7:30 a.m. Saturday at KBEK 95.5FM. They stream live at kbek.com. To hear recent podcasts go to yoursafemoneyshow.com.

Insurance

Medicare Changes

Medicare is to begin sending out new cards that replace the Social Security number with a randomly generated beneficiary identifier.
The government will begin sending out new cards next April, with all cards replaced by a congressional deadline of April 2019. Why the long lead time? Medicare is a big, complex bureaucracy, and replacing the cards is expensive: Officials estimated in 2011 that replacing the cards would cost between $812 and $845 million.
Fraudsters will likely take advantage of confusion around the transition. Beware of scammers pretending to be with Medicare and demanding that you disclose your personal information or lose your benefits.
Do not carry your Medicare card with you. Maybe your first appointment you may need the original card but after that take a picture of the card on your smartphone to show healthcare providers.
We’ll remind you of this change in March but for now just be aware of the change coming. If you have any questions message us or go to the website yoursafemoneyshow.com.

Your Safe Money Show Gradient Interview 9 16 17

Highlights for September 16 Your Safe Money Show

We have an in studio guest this week (9-16-17) on Your Safe Money Show. Kalen Sigecan from Gradient Annuity Brokerage out of Arden Hills will answer questions about Gradient, what they do, how long they've been around and how they partner with Sjoberg & Holmstrom. But you'll also learn about annuities, how they've changed over the years, how they work for today's retiree, and much more.
You don't want to miss this Saturday's edition of Your Safe Money Show heard at 7:30 a.m. on KBEK 95.5FM. They stream live at kbek.com.
To hear recent shows go to our podcast page at yoursafemoneyshow.com.

Student loan repayment and Social Security

Overdraft fees

According to new data released by the Consumer Financial Protection Bureau, in 2016, U.S. consumers paid a total of $15 billion in fees for bouncing checks or over drafting.
Where these fees really hurt are consumers with low balances and little margin for error.
The average amount of money consumers overdraft by is about $24 -- but banks often charge fees of around $34 for each overdraft incident.
The Federal Reserve decided to crack down on the issue in 2010 by mandating that banks must receive a customer's explicit permission to approve a transaction when there are insufficient funds, and trigger overdraft fees. Otherwise, the transaction would simply be declined. However, customers that opt in and frequently overdraft "typically" wind up paying $450 per year in fees.
The Consumer Financial Protection Bureau said that it's testing out a new version of the opt-in forms, which are designed to make the issue clearer for customers. Monitor your bank accounts closely to help avoid these fees.

Your Safe Money Show Social Security Facts

Highlights for September 9 Your Safe Money Show

On this weeks (9-9-17) Your Safe Money Show, I have facts about Social Security everyone should know.
Also there are people and their circumstances that can ruin your retirement, I’ll have suggestions to keep that from happening.
And Medicare is fixing a major identity theft risk, I’ll explain that as well.
Tune in to KBEK 95.5 FM Saturday mornings at 7:30. KBEK streams live at kbek.com. Hear recent shows at the podcast page at yoursafemoneyshow.com.

Social Security 2017

Your Safe Money Show Sales in September 9-2-17

Highlights for September 2 Your Safe Money Show

For the September 2 Your Safe Money Show we’ll warn you about charity scams, that are taking advantage of your giving nature, with the Hurricane Harvey disaster. What do you need to watch out for?
And were hearing about gas prices rising, how high and for how long can we expect that trend?
On a lighter note, we’ll have items that seem to always go on sale in September, just in case you’ve been waiting for a “good deal”.
And if you’re thinking about retiring soon I have questions for you to consider before jumping into retirement. 
Tune in at 7:30 a.m. at KBEK 95.5FM. They stream live at kbek.com. To hear recent shows go to yoursafemoneyshow.com at the podcast page.

Overdraft fees

Canceling a credit card

You’d think canceling a credit card would be no big deal, right? However, when you close an account in good standing, you’ll not only reduce your overall credit limit, which could wind up hurting your credit score, but you’ll eventually lose the history associated with that account. That’s because your payment history and the age of your credit are two of the most important factors that make up your overall credit score. And we all know the higher your credit score the better your rates will be on various insurance, rent and mortgage payments.
But there are times you need to cancel a credit card like when you get a divorce. Begin by making sure that you don’t have any outstanding debt on the account; if you do, then you’ll need to pay that off.
You can cancel your card over the phone or online.
Keep an eye on your credit reports so you can confirm the account has been closed. You’ll also want to check your credit scores to see how canceling the account has affected your credit. Make sure everything looks accurate, and don’t be afraid to file a dispute if anything appears incorrect.

Your Safe Money Show Driving for dollars

Highlights for August 26 Your Safe Money Show

Here's what you will learn by tuning into Your Safe Money Show this Saturday August 26 at KBEK 95.5 FM at 7:30 a.m. Retirees are in demand to drive vehicles for people who need them moved cross country. It’s a great way to make extra cash and see the country.
When you’re married there are certain financial benefits you get with your investments that singles don’t get. We’ll go over those today.
And Social Security has made some changes for 2017 that you need to know. Hear recent shows at the podcast page at yoursafemoneyshow.com.

Medical Debt

Signing up for Medicare

I don’t think everyone is aware of the importance of signing up for Medicare when you’re supposed to. 
You are first eligible to sign up for Medicare during a seven-month window that begins three months before the month you turn 65.
You need to be aware that Medicare parts B and D both have late enrollment penalties, that are permanently added to your premiums, if you delay signing up. Yes, you’ll pay those penalties for the rest of your life. 
Now if you continue to work at a job with a group health insurance plan after age 65, you will need to sign up for Medicare within eight months of leaving the job, or the coverage ending, to avoid the late enrollment penalty.
Also, while most retirees have their Medicare Part B premiums withheld from their Social Security checks, seniors who delay claiming Social Security past age 65 will be billed for their Medicare premiums. If you have questions please call for an appointment, 855-22money, or go to the website yoursafemoneyshow.com.

Your Safe Money Show Travel Insurance 8 19 17

Finding your retirement age

Medical Debt changes

Did you know that just over half of all the debt that appears on credit reports is related to medical expenses? The most recent data is from a 2014 report by the Federal Consumer Protection Bureau, and it says that 43 million people have medical debt in collections and it’s hurting their credit score.
Lenders use credit reports and credit scores to evaluate the risk that someone won't repay a loan. The credit reporting agencies are now going to differentiate between medical and non-medical debt. Medical debt will receive a smaller penalty, than non-medical debt.
Starting September 15, the three major credit reporting agencies will set 180-day waiting period before including medical debt on a consumer's credit report. The six-month period is intended to ensure there's enough time to resolve disputes with insurers and delays in payment. In addition,
the credit bureaus will remove medical debt from consumers' credit reports once it's paid by an insurer. Hopefully this move will help those dealing with medical debt. 

Your Safe Money Show Sibling Money Issues 8 12 17

Highlights for August 12th Your Safe Money Show

For Saturday August 12th Your Safe Money Show, we are covering several topics in the news right now. First, since it’s a “sellers” market for homes many are making home improvements and spending a fair amount of money, we’ll see how much and if that’s a good idea. 
Overdraft fees paid in 2016 were off the charts, what can we do to stop overdrafts?
Identity theft is always a concern, but with college students, they have specific ways to keep their identity safe.
And, what is the number one money argument siblings have? A hint, it has to do with their parents. 
Tune in at 7:30 a.m. at 95.5 FM KBEK. They stream live at kbek.com. To hear recent shows go to the podcast page at yoursafemoneyshow.com

MyRa is done 8 5 17

Signing up for Medicare

Credit Limits

How are credit limits determined on credit cards? 

How much credit you are extended on a card corresponds to your income level, credit history, and your FICO score. There are lenders that offer a preset limit, and that limit will apply to anyone who’s approved for the card. Whether or not you get approved, however, will depend on your credit score as well as your income.  Other credit card issuers don’t set a limit they do a more involved analysis of each customer’s finances to determine a max

amount. 

One thing to keep in mind about credit card limits is that having

a higher one isn't necessarily better. Remember, credit card companies

make money by collecting interest on unpaid balances, so if you max out

your card's limit and spend months paying it off, you'll end up paying

out more money than necessary for whatever you used your card to buy.

Like most things in life there’s pro’s and con’s and a higher credit limit

can be good or bad.

Your Safe Money Show The U S falls in retirememt ranking 7 29 17

Highlights for the July 29 Your Safe Money Show

For our July 29th Your Safe Money Show, I will be talking about life insurance, the different kinds there are and how best to utilize these products in your financial life. 
Every year there is a Global Security ranking and the U.S. fell this year, we’ll talk about why and what the criteria involves.
And Social Security projects a 2.2% increase in payments next year we’ll discuss that and look at the future of Social Security. 
Tune in at 7:30 a.m. at 95.5FM KBEK. They stream live at kbek.com. To hear recent shows go to yoursafemoneyshow.com at the podcast page.