Your Safe Money Show highlights for July 1st

 Coming up on this Saturday's (July 1st) Your Safe Money Show. Todd has what to watch for when it comes to counterfeit money. And he explains money concepts: dynamic pricing and zero-based budgeting. Listen at 8 a.m. at Nice 95.5FM KBEK. They stream live at kbek.com. Hear recent shows at yoursafemoneyshow.com.

Cheaper gas

 A little bit of good news today: AAA reported that 20 gallons of gas currently costs about $30 less than this time last year. And while prices could rise in the coming months with summer travel, experts predict that prices likely won’t get anywhere near last summer’s highs. Great news for your summer road trip!

Wealth survey

 When you were growing up, you may have dreamed of one day being a MILLIONAIRE. But these days, having a million bucks is NOT enough to make you rich. Neither is TWO million. According to a new "Modern Wealth" survey from Charles Schwab, Americans consider themselves wealthy if they have an average of $2.2 million in ASSETS, which includes cash, property, cars, and bling. That number is actually DOWN from before the pandemic. In early 2020, Americans said that $2.6 million was the magic number to be rich. But there's a difference between BEING wealthy and FEELING wealthy. They surveyed 1,000 random people between the ages of 21 to 75, who had an average net worth of $560,000 in assets. And 48% of them said they already "feel wealthy," even if they're well below $2.2 million. That's because many people . . . especially younger adults . . . say money alone doesn't equal wealth, and that there's also "currency" in experiences and relationships.

Your Safe Money Show Happy retirement 6 24 23

Retirement survey findings

 TransAmerica did their 23rd annual retirement survey and asked 5700 American workers what’s one of their biggest concerns heading toward retirement and a full 72% said they worry Social Security won’t be around when they retire. According to the Social Security Administration more than a third of Americans 65 and older depend on Social Security benefits for half or more of their income. So no wonder there’s fear that Social Security might disappear. Other survey results, more than two-thirds, 67% , wish they had received more information and advice from employers about how to reach retirement goals. More than half of those surveyed, 53% , also worry that they haven’t saved enough for retirement and say debt keeps them from saving more for retirement. TransAmerica and many other companies do these surveys and they do offer insight to where the respondents are at and how they feel about their retirement future. I appreciate this information as well, so I can gear what I do when meeting with my clients about their retirement plan. I do this show to bring information forward about the solvency of Social Security for instance. So, if you have concerns, call me for an appointment, let’s talk those over. 320 679 5183 or go to the website yoursafemoneyshow.com.

Your Safe Money Show Questions to ask before paying a medical bill 6 17 23

Your Safe Money Show topics for June 17th

 For this Saturday's (June 17th) Your Safe Money Show. Todd has questions to ask before paying any medical bill. And hard truths about retirement. Listen at 8 a.m. at Nice 95.5FM KBEK. They stream live at kbek.com. Hear recent shows at yoursafemoneyshow.com.