Highlights for September 12th Your Safe Money Show

 Here's what's on the docket for our September 12th Your Safe Money Show heard at KBEK 95.5FM Saturday mornings at 7:30. They stream live at kbek.com.

Are you ready to learn how to save a million dollars? I have strategies that can help you toward that goal. I’ll also have how you as a homeowner can save in ways you might not realize. And if you’re doing any estate planning, I’ll have how The Secure Act can affect what you do going forward.

Scammers are targeting older adults during this pandemic

 Scammers are going after older adults during this pandemic. I have for you from an Institute on Aging out of Cleveland tips to help you or a loved one avoid Covid 19 fraud.

1. Ignore offers for vaccines, pills, potions, lotions or other products that claim to cure or treat coronavirus. There is currently no Food and Drug Administration-approved cure or treatment for COVID-19.

2. Do your research before contributing to any charity claiming it will help COVID-19 victims. Good sources to check include the Internal Revenue Service site’s Tax Exempt Organization Search and the Better Business Bureaus’s Give.org site.

3. Never click on links in emails from sources you don’t know, especially those claiming to be from the Centers for Disease Control and Prevention (CDC) or the World Health Organization.

4. Don’t give your financial information or personal information to anyone you don’t know and don’t trust.

5. If someone you don’t know calls asking for money or personal information, hang up. If you think the caller might be telling the truth, phone the company’s number listed on its website.

6. If you answer the phone and hear a recorded sales pitch, hang up.

7. Don’t succumb to high-pressure sales tactics to make an immediate financial decision. Take some time to think about it, check online reviews or talk to trusted friends and family, especially if an offer sounds too good to be true.

8. Before you agree to a free product trial, research the company and read the cancellation policy.

9. Consult with a trusted friend or family member before making a payment for an unsolicited offer.

10. Trust your gut.

Your Safe Money Show Covid 19 scams 9 5 2020

Labor Day

 Sjoberg & Holmstrom Financial Services and Your Safe Money Show wish you a safe and enjoable Labor Day weekend. We will be closed on Monday September 7th. To leave a message call 320-679-5183.

Your Safe Money Show topics for September 5th

 With it being Labor Day weekend I know how busy you might be but I am hoping you can listen to Your Safe Money Show at 7:30 a.m. on Saturday at 95.5 KBEK. They stream live at kbek.com.

If not listen at the podcast page at yoursafemoneyshow.com at your convenience.

Here's what's on the agenda for the September 5th show.

We’ve talked about scams of all kinds here on the show before, and I don’t want to overdo this topic, but with Covid 19, scammers are playing on people’s fear and they are targeting older people more so than any other age group. So, I want to give you what to watch for with these various scams. Also, if you haven’t heard, The Fed is taking a new approach to inflation and we’ll see what that means for your savings, credit card interest and mortgage rate. And what is the FICO Resilience Index, and how will it affect your credit?

Medicare 101

 If you're getting close to your 65th birthday and you have questions about Medicare, call me for an appointment and I'll explain "Medicare 101" to you.

Call 320-679-5183, there's no cost or obligation.

When to retire

 The question I get from many of my clients is "when should I retire"? Well some choose an age like 62 or 65. Some have a financial goal, like when I have a million dollars in a retirement account. I have a check list, if you have a handle on these things, you might be ready to retire. If you know what your expenses will be and also know you have enough income to cover these costs. If you've eliminated debt, having low or no debt allows you to use your savings and retirement income for current expenses. Having an emergency fund is especially important in retirement. Can you afford health insurance? Do you have a social network outside of your job.? And do you know what you want to do in retirement? Having the retirement you want and deserve takes planning, call me for a no cost, no obligation appointment at 320-679-5183 or go to yoursafemoneyshow.com.