Highlights for June 1st Your Safe Money Show

 Coming up on this Saturday's (June 1st) Your Safe Money Show. Todd will tell you mistakes you’ll want to avoid with Social Security. Also looking into a crystal ball, a bit here but what would raising the retirement age to 70 really mean? And you can look to the “clouds” to protect your life documents on your computer, he’ll explain. Listen at 8 a.m. at nice 95.5FM KBEK. They stream live at kbek.com or download the free app to your phone. Hear recent shows at yoursafemoneyshow.com.

What needs to be in a wealth plan

 What needs to be in a wealth plan? The responsibility of creating a comprehensive wealth plan wasn't always on the shoulders of everyday working people. Decades ago, the average person lived only 10 to 12 years after retirement and could rely on a pension and Social Security benefits to largely meet their needs. Pensions, or defined benefit plans, put the risk of creating retirement income on the employer. They were responsible for growing their pension fund investments, but after life expectancies began to rise along with market volatility, companies wanted to ditch the risk of providing lifetime income to their former employees. After lobbying with Congress to create a new investment vehicle for employees known as a defined contribution plan, the 401(k) plan was born. Now, the risk of creating lifetime income is on the employee. It’s up to you to create a retirement income plan that provides for your needs, which is especially challenging as we are living longer.

Go to yoursafemoneyshow.com to get full details under the Your Safe Money Show tab.

You need a wealth plan Your Safe Money Show 5-25-24

 

Boosting your credit score

 As we all know your credit score is so important to your overall financial health, so today I want to share easy ways to boost your score. Start by: Paying down credit card debt. Check credit reports for errors. Include non-traditional accounts in your credit score. Resolve past-due accounts quickly. Keep a low credit utilization rate. Pay your credit card bills on time. If you want to learn more about these strategies go to yoursafemoneyshow.com and click the Your Safe Money Show tab for the May 18th show.

Your Safe Money Show Reasons you'll regret an RV in retirement 5-18-24

 

May 18th Your Safe Money Show highlights

 Coming up on this Saturday's May 18th Your Safe Money Show. More people travel this time of year than ever and today Todd will have reasons that you’ll regret an RV in retirement. We hear a lot about Buy Now Pay Later loans and they could affect your credit score, he’ll explain those changes. And he’ll look at easy ways to boost your credit score. Listen at 8 a.m. at Nice 95.5FM KBEK. They stream live at kbek.com. Hear recent shows at yoursafemoneyshow.com.

Facebook Scam

 Here's a recent scam to be aware of. A friend of mine (Supposedly) had several things listed for sale not, in Marketplace, but on her feed. The post said her dad was moving to a smaller place and had things for sale. It also said she was going to be out of town for a few days so if you were interested you could pay half down to hold the item and when she got back home, you could come look in person and either pay the rest or you’d get your money back. Sounds fair enough right? Some of the “things” listed were a Jeep, tractor, lawn mower, bigger ticket items and there were pictures and the prices too. I was interested in the tractor so I messaged her about payment, and it would have to be through Venmo. Right there I sent a text message to her, and she said she’d been hacked. So, I posted SCAMMER in big letters and my friend deleted her account.

Be aware emails, text messages, phone calls and Social Media are where scammers come at you. Ask for the booklet "Don't Be A Victim Of Scams". It's free. Message here or go to yoursafemoneyshow.com.