Your Safe Money Show Inflation and Social Security 1 25 20

January 25th Your Safe Money Show talking points

For the January 25th edition of Your Safe Money Show we'll discuss how cyber crooks have been targeting retirement accounts, I’ll tell you what to watch for and how to protect yourself.
I want to touch on inflation and Social Security and how that can affect your benefits.
And we’ll look at standard versus itemized tax deductions.
You can hear the show at 7:30 a.m. on 95.5 FM KBEK Saturday's. They stream live at kbek.com.
Hear recent shows at the podcast page at yoursafemoneyshow.com.

Finding old 401(k)'s

People leave old 401(k) accounts behind for many reasons. Here’s some tips and strategies to find a lost 401(k) account. Call Your Old Employer: If you suspect you have missing 401(k) funds or even if you're not sure, it's still a good idea to contact old employers and ask them to check if they're holding your old account. Use an Old 401(k) Plan Statement: With that document, the plan administrator (the investment/financial company that managed your 401(k) investments) can point you to where your money wound up - and who holds it now. Another option is to leverage a government document called "Form 5500". This form, required by the U.S. government, is used by the Internal Revenue Service to help track plan information and to satisfy annual reporting requirements under ERISA and the IRS code, according to the federal tax agency. Your best bet is to visit FreeERISA.com, which can help you track down your old 401(k). Leverage the National Registry: The National Registry, run by Pen Check, a retirement plan distribution firm, is a nationwide, secure database listing of retirement plan account balances that have been left unclaimed by former participants of retirement plans. The site offers an easy, free-of-charge way to locate lost or forgotten employee retirement accounts.

 If you need help rolling an old 401(k) call 320-679-5183 or go to yoursafemoneyshow.com.

Your Safe Money Show Finance calendar for 2020 1 18 20

January 18th Your Safe Money Show highlights

Start your Saturday morning (January 18th) off right by tuning into Your Safe Money Show.
I have some money hacks that will help you save more and there’s some really good ones that I know I am going to use. Also, I have your 2020 personal finance calendar, a to-do list for you, and I’ll share ways to keep your brain young and improve your life.
Listen at 7:30 at 95.5FM, KBEK. They stream live at kbek.com. Hear recent shows at the podcast page at yoursafemoneyshow.com.

New Generation Retirement

Emergency fund

One of the most important things you can do to protect your financial health is having an emergency fund. 
An emergency fund is money you put away to cover unplanned situations that life throws at you, like losing your job, a medical emergency, unexpected home repairs, having to replace appliances, car troubles, the list goes on. 
How much you need to put away varies but I encourage at least 3 to 6 months’ worth of expenses. But since were all individuals you need to decide what you’re comfortable with, that offers you the most peace of mind.
I am such a believer in the financial stability that an emergency fund will bring to your life, along with the confidence knowing you can handle financial problems that may come up. Plus if you had to borrow money to pay for unexpected issues, you would have interest on the loan and fees, so you save money too. 
Ideally you should keep emergency money where you can get at it quickly and easily like a simple checking account or money market account that comes with a debit or check writing options. 
If you don’t have an emergency fund start saving today, so you’re ready for whatever life throws at you.