Tuesday, September 3, 2019
Saturday, August 31, 2019
Closed on Labor Day
Everyone at Sjoberg & Holmstrom Financial Services in Mora, and Your Safe Money Show, hope you're having a wonderful and safe Labor Day weekend.
Our office will be closed on Labor Day and will reopen at 8 a.m. on Tuesday September 3. You can leave a message at 320-679-5183.
Our office will be closed on Labor Day and will reopen at 8 a.m. on Tuesday September 3. You can leave a message at 320-679-5183.
Thursday, August 29, 2019
Highlights for August 31st Your Safe Money Show
What's happening on Your Safe Money Show this Saturday, August 31st?
Scams! There’s so many I’ll go over the most common one’s that target seniors and what you can do to protect yourself.
When your grown child lives a distance from you, when you retire should you move to be near them? This can be a tough decision; I’ll have some insight for you on this topic.
And I’ll have how to avoid the 10 money pits of retirement.
Listen at 7:30 a.m. at 95.5 FM KBEK. They stream live at kbek.com.
Hear recent shows at the podcast page at yoursafemoneyshow.com.
Scams! There’s so many I’ll go over the most common one’s that target seniors and what you can do to protect yourself.
When your grown child lives a distance from you, when you retire should you move to be near them? This can be a tough decision; I’ll have some insight for you on this topic.
And I’ll have how to avoid the 10 money pits of retirement.
Listen at 7:30 a.m. at 95.5 FM KBEK. They stream live at kbek.com.
Hear recent shows at the podcast page at yoursafemoneyshow.com.
Wednesday, August 28, 2019
Tuesday, August 27, 2019
Is carrying a credit balance a good idea?
I heard someone say the other day that carrying a balance of some kind on your credit card month after month will improve your credit rating. Truth is that’s wrong, why is it wrong? Well first of all, the actual balance on your credit card makes up only a tiny fraction of your credit score. Yes, credit utilization — which is the part that carrying a balance is involved with — is one component, but so is payment history, the length of your credit history, the types of accounts you have, and how many credit inquiries you've had recently which means people checking on your credit. In fact, most credit score systems focus primarily on payment history above the other factors, not the credit utilization.
In fact, most credit scores prefer that you remain below 30% of your credit utilization. In other words, they want you to have a balance equal to 30% of your credit limit at the absolute maximum. Carrying more than that actually hurts your credit score.
And we all know the higher your credit score the better rates you get on a mortgage, rent, insurance and more.
For more information go to yoursafemoneyshow.com.
In fact, most credit scores prefer that you remain below 30% of your credit utilization. In other words, they want you to have a balance equal to 30% of your credit limit at the absolute maximum. Carrying more than that actually hurts your credit score.
And we all know the higher your credit score the better rates you get on a mortgage, rent, insurance and more.
For more information go to yoursafemoneyshow.com.
Monday, August 26, 2019
Thursday, August 22, 2019
Your Safe Money Show highlights for August 24th
Make plans to tune in this Saturday morning (August 24) at 7:30 at 95.5 FM for another edition of Your Safe Money Show.
Topics this week, more and more people are working longer, and some are also taking their Social Security benefits. It’s important you understand the impact on your finances if you take your benefits and work at the same time.
I know for some clients deciding to retire is really difficult, I’ll have reasons to delay retirement one more year, the pro’s and con’s.
And if your considering retiring in a Senior Mobile Home Park, I’ll have some insights for you to think about.
KBEK streams live at kbek.com. And you can hear recent shows at your convenience at the podcast page at yoursafemoneyshow.com.
Topics this week, more and more people are working longer, and some are also taking their Social Security benefits. It’s important you understand the impact on your finances if you take your benefits and work at the same time.
I know for some clients deciding to retire is really difficult, I’ll have reasons to delay retirement one more year, the pro’s and con’s.
And if your considering retiring in a Senior Mobile Home Park, I’ll have some insights for you to think about.
KBEK streams live at kbek.com. And you can hear recent shows at your convenience at the podcast page at yoursafemoneyshow.com.
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