Highlights for March 1st Your Safe Money Show

 Coming up on this Saturday's (March 1st) Your Safe Money Show. Todd explains what the 80% rule is with homeowners’ insurance. How to maximize Social Security with spousal benefits and he will compare what household staples cost in 1925 compared to today, should be interesting. Listen at 8 a.m. at Nice 95.5FM KBEK. They stream live at kbek.com. Hear recent shows at yoursafemoneyshow.com, on Facebook and YouTube.

I couldn't resist

 

Appliance prices

 Most of us at one point or another have had to replace a major appliance in our home. And if you have had to do this in the last 5 to 10 years or so, do you feel like they don’t last like they used to? A housing market research firm has found that appliances are becoming more modern and high-tech but they also don’t last as long. From 1995-2005, the average homeowner replaced appliances consistently every 12 to 13 years. Today it is every eight to nine years. And at the same time they are spending way more on the appliances too. Appliances are expensive and depending on circumstances, if you need a repair person to come out, it has to make sense that the bill for parts and labor isn’t more than the value of the appliance. What can you do to help yourself out if you need to fix or replace an appliance? First use your emergency fund to pay for the purchase or to have it fixed. If you don’t have an emergency fund, some retailers offer a trade where they take some off your bill for your old appliance. There are places that fix old appliances and sell them cheaper than new. If you can wait until the appliance goes on sale, there are seasonal times of the year that are cheaper than others. Go to yoursafemoneyshow.com for more details.

Your Safe Money Show Risky places to give your Social Security number 2 ...

Highlights for February 22nd Your Safe Money Show

 Coming up on this Saturday's ( February 22nd) Your Safe Money Show Todd will have costs to include in your retirement budget. This is a major foundational component to any solid retirement plan. Also, we all know it’s important to be careful when it comes to our Social Security number. He will have the riskiest places to give your Social Security number. And as our parents get older, (or maybe we are becoming those parents) he has a step by step guide to care for them. Listen at 8 a.m. at Nice 95.5FM KBEK. They stream live at kbek.com. Hear recent shows at yoursafemoneyshow.com. Also find us on Facebook at YouTube.

Your Safe Money Show Financial Planning myths 2 15 25

Your Safe Money Show content for February 15th

 Coming up on this Saturday's (February 15th) Your Safe Money Show. Todd will talk about tax season as it's just underway he has things you need to know before you file your 2024 tax return. Speaking of taxes, there are common life events that can impact your taxes, he’ll share that information. And he has financial planning Myths and he wants to know how many of these do you believe? 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 go to YouTube and Facebook.

Rule of 100

 

Your Safe Money Show Saving money on a budget 2 8 25

Highlights for Your Safe Money Show February 8th

 Coming up on this Saturday's (February 8th) Your Safe Money Show. Todd will be sharing ways to save money when you’re on a tight budget, no easy task, but we’ll see what he has for answers. Last week he talked about homeowners’ insurance costs rising, this week he has surprising things that homeowners’ insurance doesn’t cover. And there’s 5 reasons you might not want to give your child power of attorney. Listen at 8 a.m. at Nice 95.5FM KBEK. They Stream live at kbek.com. Hear recent shows at yoursafemoneyshow.com. Also find us on YouTube and Facebook.

2025 IRA contribution limits

 In 2025, the contribution limit for individual retirement accounts (IRAs) is $7,000 for taxpayers under 50 years old. For taxpayers 50 and older, the catch-up contribution limit is $1,000.

Contribution limits

Taxpayers under 50: $7,000

Taxpayers 50 and older: $8,000 ($1,000 catch-up contribution)

Income limits

Single filers: Must make less than $150,000 to contribute the full $7,000

Married couples filing jointly: Must make less than $236,000 to contribute the full $7,000

If you have questions call 320 679 5183 or go to yoursafemoneyshow.com

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