Hours for the holidays

 Sjoberg & Holmstrom Financial Services is closed for the holidays. We will reopen on January 4th at 8 a.m. You can leave a message at 320-679-5183, we are monitoring those messages.

Your Safe Money Show Good debt Bad debt 12 26 2020

Your Safe Money Show topics for December 26th

 Coming up on this Saturday's (December 26th) Your Safe Money Show, we’re going to look at good debt and bad debt, yes there is a difference. Also, if you’re cohabitating (living together) and not married, there are things to be aware of especially with money matters. And if you start to see memory issues with your parents, I’ll have ways to help them with their finances.

Listen at 7:30 a.m. at Nice 95.5 KBEK. They stream live at kbek.com.

Here recent shows at the podcast page at yoursafemoneyshow.com.

Stimulus

 Well the big news this week, Congressional leaders on Monday the 21st, announced they'd agreed on a second round of stimulus to help the ailing U.S. economy. What’s in the ~$900 billion goodie bag: Direct payments. Those who made under $75,000 in the 2019 tax year will receive checks for $600, plus $600 per child. There’ll be added unemployment benefits of $300 per person, however the $300 supplement could face delays for at least three weeks, or a maximum of six to eight weeks in some states Why? Because of difficulties in programming new benefits into computer systems during the holidays. Some state programs don’t have the resources and technology needed to add programs instantly. The takeaway for unemployed Americans is that they may have to wait through part of January to get access to benefits that stopped at the end of December. Benefits are typically restored beginning the date of enactment, so there shouldn’t be a gap in someone’s eligibility, just a gap in when they will get paid. There’ll be $300 billion for the Paycheck Protection Program, which supports small businesses. A $15 billion injection to help airlines rehire over 32,000 workers who were furloughed in October, plus more for airports and air travel-related industries. Amtrak will receive $1 billion, and public transit systems will nab $14 billion. $25 billion for rental assistance, plus an extension to the federal eviction moratorium.

Your Safe Money Show Retirement rule changes 2020

Highlights for Saturday December 19th Your Safe Money Show

 Your Safe Money Show topics for Saturday December 19th. If you are a “snowbird” I have a checklist when it comes to your insurance. We’ll look at retirement rule changes in 2020 and how they affect you. And how do you open a Roth IRA? I’ll go over that, so you understand the steps involved. Listen at 7:30 a.m. at Nice 95 5 KBEK. They stream live at kbek.com. Hear recent shows at the podcast page at yoursafemoneyshow.com.

Will your income last?