Saving bond values

 I have a website for you to use if you have savings bonds and you want to know the current value. I had a client this week that had several EE bonds that she’s had for 30 years, and they have matured and we discussed a strategy for when to cash these because the interest is considered “income” and we didn’t want to mess up her cost of healthcare and the tax implications as well.

https://www.treasurydirect.gov/BC/SBCPrice

Your Safe Money Show Are you rich 1 28 23

Your Safe Money Show 1-28-23 Highlights

 Your Safe Money Show topics for January 28th at 8 a.m. Todd will have the best things to keep in a safe deposit box, this is updated information for 2023. Did you know we form “money mindsets” at an early age, he will explain. And a recent survey gives us clues to whether we are rich, what actually defines if you're rich, we’ll find out. KBEK streams live at kbek.com. Hear recent shows at yoursafemoneyshow.com.

Updated website

 If you get a chance check out our updated website at yoursafemoneyshow.com.

Definition of Federal Funds Rate

 Investopedia had terms that stood out in 2022 and here's one we all heard often the term federal funds rate it refers to the target interest rate set by the Federal Open Market Committee (FOMC), and it’s the rate at which commercial banks borrow and lend their excess reserves to each other overnight. On June 15, 2022, the FOMC announced the federal funds rate would be going up by 75 basis points, the biggest hike since 1994. It raised the federal funds rate another 75 basis points three more times in 2022, and doesn’t appear to be finished. This rate-rising environment is new to many younger investors, who are now witnessing how the Fed sets monetary policy and how that impacts their own wallet. For more information go to yoursafemoneyshow.com.

Your Safe Money Show What Red Flags cause a tax audit 1 21 23

Your Safe Money Show January 21st topics

 Here's what we're working on for Saturday's (January 21st) Your Safe Money Show. As tax time is coming closer, Todd will have red flags that can trigger a tax audit. Last year a new rule went into effect that if you’re retiring early, it could mean more money in your pocket, Todd will explain. And Brushing scams, what are they and how can we protect ourselves from them? Listen at 8 a.m. at Nice 95.5FM KBEK. They stream live at kbek.com. Hear recent shows at yoursafemoneyshow.com.