Your Safe Money Show Catch Up contributions with Secure Act 2.0 1-14-23

MLK observance

 Sjoberg & Holmstrom Financial Services in Mora and Your Safe Money Show will be closed on Monday January 16th in observance of Martin Luther King Day

Saturday January 14th Your Safe Money Show highlights

 Coming up on this Saturday's (January 14th) edition of Your Safe Money Show. The Secure Act 2.0 has been signed into law, Todd will talk about the catch-up contributions improving with that. Also, there are things you need to consider if you get an inheritance, he’ll explain. And he’ll demystify car insurance. Listen at 8 a.m. at Nice 95.5FM KBEK. They stream live at kbek.com. Hear recent shows at yoursafemoneyshow.com.

Legacy contact

 I recently saw a cool deal for mainly iPhone users, it’s called a legacy contact. Last year, Apple launched this new legacy contact feature, which allows you to designate a trusted person to be able to access your phone should you die. It was mostly of interest to techies as an iPhone trick, but it ended up something that estate planning professionals saw value in. Data that a legacy contact can access include photos, contacts, reminders, files and health data. The process is as simple as clicking a few buttons in your phone settings, under passwords and security, and then either printing the code or sending it to the person you picked to store how they wish. Instead of the previous process of filing legal paperwork and waiting for approval, your designated person just needs the code that’s generated and a copy of a death certificate, and then they can open your phone and see what you see. Alphabet’s Google has a process you can use with Android phones, through its inactive account manager, but it may still require some paperwork. In this day and age of technology this might be a good fit. We are using “cloud services” more and more and some people use their phones to handle all manner of their financial business, so this might be something to look into.

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Highlights for January 7th YSMS

 Coming up on this Saturday's (January 7th) Your Safe Money Show. Todd will have reasons you'll blow up your retirement plan. How to build credit when you don't have any, where do you start? And he'll have the risks of "Buy Now Pay Later" programs. Listen at 8 a.m. at Nice 95.5FM KBEK. They stream live at kbek.com. Hear recent shows at yoursafemoneyshow.com.

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