Since summer time equals "travel time", on this week's Your Safe Money Show, I have hotel scams and fees to watch out for before you make reservations.
Retirement accounts like 401(k)'s and IRA's have had some changes recently, how will these changes affect how you save?
And since we have heard so much about Flint Michigan's problems with their drinking water, we'll look at the safety of our drinking water.
Thursday, May 12, 2016
Flip phones making a comeback
I had to smile the other day when I read that flip phones are making a come back. I know there are cycles with products but who would have thought that flip phone sales would be up almost $2 million from last year.
Sounds like there are several reasons for this but the most important reason in my opinion is the cost savings. Not only are the phones themselves much more affordable than a Smart phone but the plans are too.
Like so many things in life, you have to decide what works best for you but if you want to save money, flip phones are one way to save.
Tuesday, May 10, 2016
Life expectancy, how long will you live?
Life expectancy when planning for your retirement is more important today than ever before, because we are living longer than ever before.
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.
As a retirement income planner my job is to help insure you'll have enough income to last all the way through your retirement.
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.
As a retirement income planner my job is to help insure you'll have enough income to last all the way through your retirement.
Monday, May 9, 2016
U.S. Consumer Borrowing Jumps 10 Percent in March
The Federal Reserve reported on Friday that total consumer borrowing rose $29.7 billion in March, a 10 percent jump from the previous month. It was the largest percentage gain since a surge of 18.4 percent in November 2001, when consumer borrowing surged in response to government officials urging Americans to boost spending to support the economy following the September terrorist attacks.
This caught my eye, as this large of a jump in consumer borrowing, tell's me people are using their credit cards to pay ever bigger bills.
Don't let your credit card debt get out of control. I help clients of all ages in setting a budget and working toward a better financial future.
This caught my eye, as this large of a jump in consumer borrowing, tell's me people are using their credit cards to pay ever bigger bills.
Don't let your credit card debt get out of control. I help clients of all ages in setting a budget and working toward a better financial future.
Thursday, May 5, 2016
Tuesday, May 3, 2016
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