Monday, July 31, 2017
Thursday, July 27, 2017
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.
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.
Wednesday, July 26, 2017
Tuesday, July 25, 2017
Thursday, July 20, 2017
Highlights for July 22 Your Safe Money Show
July 22 Your Safe Money Show we'll talk about what the cost of alcohol over the course of one’s lifetime means in real dollars. And we are using alcohol as an example but we could easily have used tobacco, eating out, whatever. I think you’ll find the numbers interesting.
Medical debt can devastate people’s lives but there are some big changes coming to the way credit agencies report this debt that should help people.
We so often hear that younger people drive the economy by spending more on goods and services than older people. Well once again baby boomers are changing that line of thinking.
Tune in to KBEK 95.5FM, Saturday at 7:30 a.m. and they stream live at kbek.com. Hear past shows podcast at yoursafemoneyshow.com.
Medical debt can devastate people’s lives but there are some big changes coming to the way credit agencies report this debt that should help people.
We so often hear that younger people drive the economy by spending more on goods and services than older people. Well once again baby boomers are changing that line of thinking.
Tune in to KBEK 95.5FM, Saturday at 7:30 a.m. and they stream live at kbek.com. Hear past shows podcast at yoursafemoneyshow.com.
Tuesday, July 18, 2017
Health Savings Accounts
A health savings account (HSA) can make a be a great retirement savings vehicle.
A health savings account is a tax-advantaged medical savings account available to taxpayers in the U.S. who are enrolled in a high-deductible health plan.
As with a traditional 401(k) or IRA, an HSA allows you to set aside pretax money without paying federal or state income tax on it.
Money in HSAs grow tax-free, and if used for medical expenses, can also be withdrawn tax-free, compared to a traditional 401(k) or IRA, where you pay income tax on your withdrawals.
The biggest payoff with an HSA comes when the money set aside isn’t all used for current medical bills and instead compounds over time before being used for qualified expenses. Once you are enrolled in Medicare you can no longer contribute to an HSA. But you can continue to tap your HSA balance for medical expenses for yourself, your spouse and any dependents you may have.
A health savings account is a tax-advantaged medical savings account available to taxpayers in the U.S. who are enrolled in a high-deductible health plan.
As with a traditional 401(k) or IRA, an HSA allows you to set aside pretax money without paying federal or state income tax on it.
Money in HSAs grow tax-free, and if used for medical expenses, can also be withdrawn tax-free, compared to a traditional 401(k) or IRA, where you pay income tax on your withdrawals.
The biggest payoff with an HSA comes when the money set aside isn’t all used for current medical bills and instead compounds over time before being used for qualified expenses. Once you are enrolled in Medicare you can no longer contribute to an HSA. But you can continue to tap your HSA balance for medical expenses for yourself, your spouse and any dependents you may have.
Monday, July 17, 2017
Thursday, July 13, 2017
Highlights for July 15 Your Safe Money Show
On Your Safe Money Show this week I will go over common scams that people still fall for. I am hoping this information will keep you safe.
I am also going to take you back to school with retirement terms that are good for you to know and understand.
And we’ll look at the new target retirement age, it might surprise you what that number is.
Tune in at 7:30 a.m. at KBEK 95.5FM. They stream live at kbek.com. Listen to past shows at our podcast page at yoursafemoneyshow.com.
I am also going to take you back to school with retirement terms that are good for you to know and understand.
And we’ll look at the new target retirement age, it might surprise you what that number is.
Tune in at 7:30 a.m. at KBEK 95.5FM. They stream live at kbek.com. Listen to past shows at our podcast page at yoursafemoneyshow.com.
Wednesday, July 12, 2017
Tuesday, July 11, 2017
Stages of retirement
I want to talk with you about the phases of retirement, but believe it or not, many people don’t think about this until they’re retired.
Pre-retirement is when you ideally concentrate on saving for retirement but it still seems far away.
Then the day comes and you officially quit your job and have the retirement party. Now you’re into the “honeymoon” phase where you enjoy being free of going to work every day.
But realty hits at some point, and now you have that “is this all there is” moment? And you realize I don’t have a paycheck like when I was working and I am now using my retirement funds. These next phases are different for everyone but you explore what your new identity will be. What are you going to do with your time? Once you establish this “new” you, before you know it, this retired life is your “new normal” and a routine sets in.
By thinking about these phases now you can better prepare for your retirement.
Putting a financial plan in place, including a budget, you can also, figure how to factor in the fun things you want to do in retirement.
Pre-retirement is when you ideally concentrate on saving for retirement but it still seems far away.
Then the day comes and you officially quit your job and have the retirement party. Now you’re into the “honeymoon” phase where you enjoy being free of going to work every day.
But realty hits at some point, and now you have that “is this all there is” moment? And you realize I don’t have a paycheck like when I was working and I am now using my retirement funds. These next phases are different for everyone but you explore what your new identity will be. What are you going to do with your time? Once you establish this “new” you, before you know it, this retired life is your “new normal” and a routine sets in.
By thinking about these phases now you can better prepare for your retirement.
Putting a financial plan in place, including a budget, you can also, figure how to factor in the fun things you want to do in retirement.
Monday, July 10, 2017
Thursday, July 6, 2017
Highlights for July 8 Your Safe Money Show
This Saturday July 8th at 7:30 a.m. listen to Your Safe Money Show at 95.5FM KBEK. Our topics include, your learning from other people’s mistakes. We all have financial regrets and I'll discuss how to avoid them.
Summertime, people are headed to their cabins or vacation homes. Many of these places have been in the family for years. I will have four questions to ask before you pass the vacation home onto your children.
And believe it or not if you want to cancel a credit card you’ll want to know the right way to do it.
KBEK streams live also at kbek.com. Listen to recent shows at your convenience at yoursafemoneyshow.com at the podcast page.
Summertime, people are headed to their cabins or vacation homes. Many of these places have been in the family for years. I will have four questions to ask before you pass the vacation home onto your children.
And believe it or not if you want to cancel a credit card you’ll want to know the right way to do it.
KBEK streams live also at kbek.com. Listen to recent shows at your convenience at yoursafemoneyshow.com at the podcast page.
Wednesday, July 5, 2017
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