Thursday, January 26, 2017

Highlights for January 28 Your Safe Money Show

Listen this Saturday January 28 at 7:30 a.m. at 95.5 FM KBEK for Your Safe Money Show.
Scammers use tax time to steal your information through emails, and over the phone, discover what to watch out for. 
The IRS is delaying tax refunds for millions of low income families and the delay has to do with screening the returns for fraud. Find out when to expect your refund.
And there is one rule, if you follow it, could change your financial future for the better.
KBEK streams live at kbek.com.

Tuesday, January 24, 2017

Finding your retirement age

Deciding when to retire might be one of the biggest decisions you ever make. I want to share with you factors to consider whether you are retiring soon or down the road. How much have you saved? Many of us count on Social Security benefits for our retirement income. So, maximizing the benefits you have coming is important. You also have to look at 401(k) accounts, IRA’s and any other retirement savings you have, and will there be enough to carry you all the way through your retirement. Having an account that offers lifetime income might be a good fit for you.  Next you should consider your health and the cost of health care too. There are benefits to working longer if you can, but as you decide “when” to retire your health is crucial to that decision. And finally, what are your goals in retirement? Don’t overlook this consideration and just pick a date to retire. Many people want to travel just keep in mind travel costs money. Having a plan and finding a way to reach your goals is the difference between a so-so retirement and an awesome one.

Thursday, January 19, 2017

Highlights for January 21 Your Safe Money Show

Social Security, there’s so much to understand that it can be overwhelming, that’s why we have a quiz for you. You can find out how well you understand Social Security.
Staying with a Social Security them, some 12 million workers will pay more in taxes, because of a rise in the Social Security "taxable minimum”, some will pay as much as $500 more.
And to save money Social Security is again cutting back on paper statements, we’ll see what those changes are.
Listen at 7:30 a.m. at 95.5FM KBEK. They also stream live at kbek.com.

Wednesday, January 18, 2017

Social Security paper statements

There has been another change regarding Social Security paper
statements. These statements detail information on your
earnings, your estimated benefits, and the contributions you've paid in payroll taxes.
Back in 2011, the agency stopped mailing its annual paper statements to save on costs. The following year, Social Security started the web site "My Social Security account" to get all your information on-line.
 In September 2014, the agency started sending paper statements to
workers who weren’t receiving benefits and who hadn’t signed up for an online account. These individuals were getting their paper
documents as they turned 25, 30, 35, 40, 45, 50, 55, 60 and over.
So, here’s the new change, only individuals who are 60 and over, who aren't receiving benefits and who don't have a "My Social Security account" online will get paper statements.
This measure will reduce the cost of processing and mailing statements by $11.3 million in the 2017 fiscal year.