Definition of the Day January 14

Non-Qualified Annuity: Non-qualified refers to the part of an annuity plan that can be attributed to the return of capital and is therefore not subject to taxation; the interest portion is taxable however.

Definition of the Day January 13

Premature Distributions: The withdrawal of earnings amounts from an annuity program before the annuity contract's owner reaches 59.5 years of age. Usually accompanied by a 10% penalty from the IRS.

Highlights for Saturday January 11 Your Safe Money Show

Taking care of your eyes should be a top priority especially as we age. The longer we see well the better quality of life. Saturday on Your Safe Money Show I have Dr. Troy Mork an optometrist discussing various eye concerns as we age and what we can do to stay healthy.

Tax Refund's for 2013 will have delays

Due to the government shutdown in October, the IRS pushed back the date it will accept returns by ten days. Originally, scheduled for January 21, the IRS won't 'process' any returns until January 31. The IRS is using the extra time to update and test the computer systems that process returns- a task that was delayed by IRS workers being furloughed during the 16 day shutdown. Because of the delay, you may not get your refund as quickly. You can speed up the process by using e-file with direct deposit.

Definition of the Day January 8

Joint Owner:
An individual who co-owns an annuity contract with another person. Both have the right to make and approve decisions relating to the contract.

Definition of the Day January 6, 2014

Simplified Employee Pension (SEP):
A type of retirement plan in which an IRA (Individual Retirement Account) is used to hold contributions; a simpler alternative to a 401(k) or profit sharing.

Highlights of Saturday January 4th Your Safe Money Show

Tune in and hear the "best of" the last six months of 2013 shows, including the good news with Social Security, rolling over 401(k)'s, documents you need before you die, lending money to family members and more!