For our August 1st edition of Your Safe Money Show I’ll talk about how the coronavirus will change your next tax return, it's always good to understand how taxes can affect you.
Also, I’ll explain how there are "things" that may disappear forever since the pandemic, and if you haven’t already, it’s time to do a midyear retirement review.
Listen at 7:30 a.m. Saturdays at 95.5 FM KBEK. They stream live at kbek.com.
Hear recent shows at the podcast page at yoursafemoneyshow.com.
Thursday, July 30, 2020
Wednesday, July 29, 2020
I am here to help
Do you find yourself glued to the news or obsessively checking your 401(k)? You’re not alone! I can provide a calm voice and reasonable guidance. Contact me today! Todd Sjoberg at 320-679-5183 or go to yoursafemoneyshow.com.
Tuesday, July 28, 2020
Interesting survey results
A recent survey has some telling results.
Every year, brokerage giant Charles Schwab has 1,000 people between age 21 and 75 surveyed to find out what they think it takes to be considered wealthy. The magic number, across all the participants, was around $2.4 million for 2017, 2018 and 2019.
This year, however, the figure has fallen about 17% to $2 million. It dropped even more, by 23%, when measured over just the past six months — in January, people had said they needed $1.6 million to feel rich.
Other perceptions have also changed. A question about which factors contribute the most to someone’s overall happiness — relationships, health, money, lifestyle and career — shows that the importance of relationships rose over the past six months, while that of money stayed largely the same. When results were broken down by generation, the influence of money on happiness fell slightly for millennials and Boomers, and increased for Gen X-ers.
After the terrorist attacks of Sept. 11, 2001 there was also a trend toward the importance of "relationships". A Pew Research Center survey of 1,500 people found 37% of respondents wanted to spend more time with family that holiday season, and 54% of parents were making an effort to spend more time with their kids.
Every year, brokerage giant Charles Schwab has 1,000 people between age 21 and 75 surveyed to find out what they think it takes to be considered wealthy. The magic number, across all the participants, was around $2.4 million for 2017, 2018 and 2019.
This year, however, the figure has fallen about 17% to $2 million. It dropped even more, by 23%, when measured over just the past six months — in January, people had said they needed $1.6 million to feel rich.
Other perceptions have also changed. A question about which factors contribute the most to someone’s overall happiness — relationships, health, money, lifestyle and career — shows that the importance of relationships rose over the past six months, while that of money stayed largely the same. When results were broken down by generation, the influence of money on happiness fell slightly for millennials and Boomers, and increased for Gen X-ers.
After the terrorist attacks of Sept. 11, 2001 there was also a trend toward the importance of "relationships". A Pew Research Center survey of 1,500 people found 37% of respondents wanted to spend more time with family that holiday season, and 54% of parents were making an effort to spend more time with their kids.
Monday, July 27, 2020
Thursday, July 23, 2020
Highlights for July 25th Your Safe Money Show
We have a special edition of Your Safe Money Show this week. Todd has some time off and I am using some of our most asked about content from past shows for this show. Todd will go over the implications of the Secure Act, lying about money and alternatives to long-term care insurance.
Listen at 7:30 a.m. Saturdays at 95.5 FM KBEK. They stream live at kbek.com.
Hear recent shows at the podcast page at yoursafemoneyshow.com.
Listen at 7:30 a.m. Saturdays at 95.5 FM KBEK. They stream live at kbek.com.
Hear recent shows at the podcast page at yoursafemoneyshow.com.
Tuesday, July 21, 2020
Discount drug cards
What are prescription drug cards? And how do they work? First things first, they are completely separate from your health insurance. Think of them as convenient online coupons for prescription medications.
Unlike insurance benefits, these discount cards are generally free and have no additional fees.
Discount card services make money by charging the participating pharmacies and supermarkets in their network a small fee for each transaction. The idea once you're in the store you'll buy other items when getting your prescriptions.
There are several discount cards out there, you can google discount drug cards to find out more.
Unlike insurance benefits, these discount cards are generally free and have no additional fees.
Discount card services make money by charging the participating pharmacies and supermarkets in their network a small fee for each transaction. The idea once you're in the store you'll buy other items when getting your prescriptions.
There are several discount cards out there, you can google discount drug cards to find out more.
Monday, July 20, 2020
Subscribe to:
Posts (Atom)