Closed on Thanksgiving and Friday the 29th

 Everyone at Sjoberg & Holmstrom Financial Services and Your Safe Money Show with you and yours a Happy Thanksgiving. Our office will be closed Thursday the 28th and Friday the 29th. You can leave a message at 320-679-5183.

Your Safe Money Show topics for Saturday November 30th

 For this Saturday's (November 30th) Your Safe Money Show. Todd will have retirement moves to make before 2025. He’ll have things retirees can be thankful for this year and tech tools for older adults. Listen at 8 a.m. at Nice 95.5FM KBEK. They stream live at kbek.com. Hear recent shows at yoursafemoneyshow.com, and on Facebook and YouTube under Your Safe Money.

Medicare Open Enrollment deadline

 Just a reminder that Medicare Open Enrollment ends December 7th. If you want a no cost, no obligation appointment with Todd call 320 679 5183.

Your Safe Money Show Canceling a subscription just got easier 11 23 24

Highlights for November 23rd Your Safe Money Show

 Coming up on this Saturday's November 23rd Your Safe Money Show. As we are gearing up for holiday shopping, Todd will have online scams to be aware of. He’ll also talk about places where you should never give your Social Security number. And canceling a recurring subscription is about to get easier. Listen at 8 a.m. at Nice 95.5FM KBEK. They stream live at kbek.com. Hear recent shows at yoursafemoneyshow.com. You can also find us on Facebook and YouTube under Your Safe Money.

Deadline for Medicare Open Enrollment

 Just a reminder Open Enrollment for Medicare ends December 7th. To make an appointment with Todd call 320-679-5183.

2025 contribution limits

 I have updated information from the IRS about 2025 investor contribution limits for 401(k) plans, individual retirement accounts and other retirement accounts. The employee contribution limit for 401(k) plans is increasing to $23,500 in 2025, up from $23,000 in 2024, and Catch up contributions for saver's age 50 and older will remain unchanged at $7,500. The new amounts also apply to 403(b) plans, most 457 plans and Thrift Savings Plans. The limit on annual contributions to an IRA remains at $7,000 in 2025. Catch-up contributions will remain unchanged at $1,000. Here are the phase out ranges for 2025: For single taxpayers covered by a workplace retirement plan, the phase-out range is increased to between $79,000 and $89,000, up from between $77,000 and $87,000. For married couples filing jointly, if the spouse making the IRA contribution is covered by a workplace retirement plan, the phase-out range is increased to between $126,000 and $146,000, up from between $123,000 and $143,000. Questions call 320 679 5183 or go to yoursafemoneyshow.com.

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Your Safe Money Show highlights for November 16th

 For this Saturday November 16th Your Safe Money Show Todd will break down the fine print on your pay stub, there’s more to it then you may think. A report finds four Social Security benefit changes that may help people who can’t work until full retirement. And he’ll answer the question “Are you being too frugal in retirement”? Listen at 8 a.m. at Nice 95.5FM KBEK. They stream live at kbek.com. Hear recent shows at yoursafemoneyshow.com, and at Facebook and YouTube.

The cost of scams

 The American people lost $12.5 billion to online criminals and scammers in 2023, and according to the FBI, $652 million of that went to romance and confidence scams. Scammers are getting bolder and more ambitious, and bleeding older people — who may have diminished faculties, or are merely lonely and easy prey for a dedicated scammer — for hundreds of thousands of dollars, if not millions. We have the booklet "Don't be a victim of scams" ask for your complimentary copy by going to yoursafemoneyshow.com or stop at our office at 139 Union Street in Mora.

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Your Safe Money Show highlights for November 9th

 Coming up on the November 9th Your Safe Money Show. With the holiday shopping season basically underway Todd will have what to watch for when it comes to “sellers” tricks. There’s also a trend called “slow shopping” that can save you money this holiday season. And he’ll have 5 reasons to take your Social Security early and 4 reasons to wait. Listen at 8 a.m. at Nice 95.5FM KBEK. They stream live at kbek.com. Hear recent shows at yoursafemoneyshow.com and on Facebook and YouTube.

Costs of health care

 According to an August 2024 report from Peterson-KFF Health System Tracker, the price of medical care, including insurance, drugs and medical equipment has increased by 121.3% since 2000. In contrast, prices for all consumer goods and services increased by 86.1% during that time. Health care is a major expense during retirement, even with Medicare and Medicare supplements helping to cover costs through deductibles and copays. However, Medicare doesn’t necessarily cover all health care costs. A person needs to consider their family health history and whether additional planning needs to be done to protect against unforeseen health issues as well as how a potential long-term care event is going to be covered. Open enrollment for Medicare and MnSure is open now call 320-679-5183 for an appointment with Todd.

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