Highlights for June 23 Your Safe Money Show

Coming up on this Saturday's (June 23) Your Safe Money Show.
There's "red" money and "green" money, what's the difference?
What is the real rate of return?
Find out if you have any "unclaimed money" .
Do you fully understand your 401(k)? And we'll examine healthcare from MnSure to Medicare.
Tune in at 7:30 a.m.at 95.5 FM KBEK. They stream live at kbek.com. Go to yoursafemoneyshow.com to hear recent shows and get additional information.

RMD's

Hidden fees when renting a car

When renting a car there are certain fees that you need to be aware of. Let’s start with damage waiver coverage. Rental agents will push this coverage, however your own car insurance might already cover you, so check your policy before you buy.
Be sure to look the car over and take pictures of any scratches and make the agent aware so you aren’t charged for these damages.
Bring the car back with a full tank of gas, if you don’t they’ll mark up the price you’ll pay.
If renting a car after arriving at an airport, you’ll save by renting off site from the airport. If you rent right at the airport, you’ll pay a concession fee built right into your bill.
You could pay extra for every additional driver, so you might want to decide who will do all the driving.
Renting a GPS or a car seat isn’t free so be aware how you want to handle this.
Some credit card memberships or triple A for example, offer freebies to their members, you’ll want to find out what those offers are.

Your Safe Money Show Summer vacation scams 6 16 18

Highlights for June 16 Your Safe Money Show

Coming up on this Saturday's (June 16) Your Safe Money Show, we have some great information about how to avoid summer vacation scams and other problems that can happen with vacation planning.
Also, there are hidden fees when renting a car, I’ll explain how to minimize those.
And if you have adult children living with you, how can you set financial boundaries? 
Tune in at 95.5 FM KBEK at 7:30 Saturday mornings, they also stream live at kbek.com.
Hear recent shows by going to the podcast page at yoursafemoneyshow.com.

Is credit monitoring worth it?

Life expectancy

Life expectancy when planning for your retirement is more important today than ever before, because statistics show we are living longer than ever before. For some people retirement is lasting 30 years or longer.
Between 1980 and 2010, the population age 90 and older nearly tripled, reaching 1.9 million people, according to the Census Bureau. Over the next four decades, the 90-plus demographic is expected to quadruple. 
When I meet with a client we discuss their family history and factor in longevity as we formulate their retirement plan along with many other factors.
Many people, when planning for retirement, tend to underestimate their life expectancy and, as a result, tend to overestimate how much they can spend after they retire. While they’re working, people don’t save as much thinking their expenses will go down in retirement, but that isn’t always the case.
As a retirement income planner my job is to help insure you'll have enough income to last all the way through your retirement. For questions go to yoursafemoneyshow.com.

Your Safe Money Show Waiting longer to take Social Security 6 9 18

Highlights for June 9th Your Safe Money Show

Coming up on Saturday's (June 9) Your Safe Money Show.
Retirees are waiting longer to claim their Social Security benefits, we’ll look at why that is and the pro’s and con’s.
IRA’s and 401(k)’s can be used as a tax-free gift, I’ll explain. And were living longer, what are the dividends of longevity?
Tune in at 95.5FM KBEK at 7:30 a.m. They stream live at kbek.com.Hear recent shows at yoursafemoneyshow.com at the podcast page. 

Cohabitating

Leaving retirement accounts behind

According to the U.S. Government accountability office, more than 25 million workers who left an employer between 2004 and 2013 left at least one retirement account behind. And the Pension Action Center, estimates that retirees are owed upward of $150 billion in missing pension benefits.

 The Retirement Savings Lost and Found Act of 2018 would create an online plan registry to help workers locate all of their employer-sponsored retirement accounts. But it also lays out steps that employers must take to track down missing participants, and those steps are minimal, critics say, compared with search requirements outlined in current regulatory guidance.

 For help tracking down a plan, go to pensionhelp.org to find pension counseling projects funded by the U.S. Administration on Aging.

 No matter who is in charge of your plan, don't assume anyone will contact you when it's time to claim benefits. 

Today more than ever it’s on the worker to keep track of accounts and keep contact information current. If you have questions call for an appointment at 320-679-5183 or go to yoursafemoneyshow.com.

Your Safe Money Show Travel in retirement 6 2 18