Topics for August 12th Your Safe Money Show

 Here's what were planning for this Saturday's (August 12th) Your Safe Money Show. Todd will answer the question “why are you still working”? He’ll also have factors to consider before cashing out a 401(k). And we all know how important your credit score is and he has ways to increase your score right now. Listen at 8 a.m. at Nice 95.5FM KBEK. They stream live at kbek.com. You can now download the app Nice 95.5FM. To hear recent shows go to yoursafemoneyshow.com.

If you are wondering about a life insurance policy

 If you're looking for an unclaimed life insurance policy benefit, check out https://insurance.va.gov/UnclaimedFunds, which is managed by the U.S. Department of Veterans Affairs.

You may also want to consult https://eapps.naic.org/life-policy-locator, a website run by the National Association of Insurance Commissioners. If you're wondering whether a life insurance policy is out there, that might have money owed to you, you would probably find it in this database.

Advice from a 102 year old

 Food for thought from Gladys McGarey, she’s 102 years old, she’s a doctor and she still hasn’t retired. She's beaten cancer, gone through a divorce, and has seen a lot of friends and family pass away. But she still greets each day with optimism. She just published a new book called "The Well-Lived Life" and offered up her top advice for EVERY DECADE of your life . . .

Your Twenties: Use them to grow up a little, but also to find what you're passionate about. Quote, "Your twenties are a time when you start to get serious. You have to put your energy into where you want to go. It's about finding your juice." She says "juice" means discovering your purpose in life.

Your Thirties: Don't get too stuck in your ways. People tend to settle into their habits by their thirties. Or, you might feel like you still don't have things figured out yet. Either way, don't feel like you can't make a change. Quote, "There is still so much to do and so much to reach for. Life doesn't truly begin until your forties."

Your Forties and Fifties: If you can figure out how to take "control" of your life in your forties or fifties, they can be the best years of your life. Don't worry about keeping pace with other people. Just lean on your experience and focus on what's important to you. It's also important to leave hurtful things in the past.

Your Sixties and Seventies: Realize how wise you are and use that experience to keep moving forward. 70 used to mean you were "old," but not anymore, especially from the perspective of 102-year-old. Quote, "There's so much that is still there for you if you look for it."

Your Eighties and Nineties: Remember you can still change almost anything you want to and find new things to explore. Realize your inner child is still in there and keep livin'. She says a happy life is about connecting with your "inner core" and "inner self" no matter how old you are. Quote, "If we do this, we will be exactly where we should be, in each decade of our lives."

Your Safe Money Show What is Fednow 8 5 23

Highlights of Your Safe Money Show August 5th

 Coming up on this Saturday's (8-5-23) Your Safe Money Show. Todd will have how to estimate your Social Security income in retirement. Also, maybe you’ve heard of “Fednow", it’s the government's first instant payment service. He will have details on that. And the IRS is, for the most part, no longer making unannounced visits to taxpayers. Listen at 8 a.m. at Nice 95.5FM KBEK. They stream live at kbek.com. Hear recent shows at yoursafemoneyshow.com.

Keep working or retire?

 Are you starting to wonder how long you want to keep working and when you might want to retire? Call for a no cost, no obligation appointment with Todd Sjoberg. Ask for our Safe Money Kit to get the ball rolling. Call 320-679-5183 or go to yoursafemoneyshow.com.

Relationship study

 When you're in a committed relationship, some things can be combined . . . and others should remain separate. According to a new study out of Indiana University, one secret to a longer, happier relationship may be consolidating your finances. The study followed 230 engaged or newly married couples across two years. Some couples were asked to keep separate bank accounts . . . others were told to open a joint bank account . . . and a third group could choose for themselves. In the end, the couples who opened joint bank accounts reported significantly higher relationship quality than those who kept separate accounts. The researchers believe this shows that merging finances leads to "aligned financial goals, increased transparency, and a shared understanding of marital responsibilities."