Money Talks

Guest Shawn Mercer, Regional Manager with the Social Security Administration is our guest. Calls dealt with:payroll taxend of life documents neededdo earning affect benefitdisability and civil service benefitsbenefitsmedicaretaxesemail with myssaSocial Security Administration handles:Retirement insuranceSurvivors insuranceDisability insuranceHospital and medical insurance for the aged, the disabled, and those with end-stage renal diseasePrescription Drug BenefitExtra help with Medicare Prescription Drug CostsSupplemental Security IncomeSpecial Veterans BenefitsUnemployment insurancePublic assistance and welfare servicesAt ssa.gov yo can:apply for retirement, disability, and Medicare benefits onlinecheck the status of an application or appealrequest a replacement Social Security card (in most areas)print a benefit verification letterand more – from anywhere and from any of your devices!Social Security employees will never threaten you for information or promise a benefit in exchange for personal information or

https://www.finra.org/investors/learn-to-invest/choosing-investment-professionalRegistered Financial ProfessionalsBuy and sell securities for their customers, including individual investors. They are regulated by FINRA and the SEC.Investment AdvisersProvide advice about securities tailored to the needs of their clients. They are regulated by the SEC or state securities regulators.Financial PlannersProvide an array of financial services that vary from provider to provider. Regulation and licensing depends on the services offered.Insurance AgentsSell life, health and property insurance policies, and other insurance products, including annuities. They are regulated by state insurance commissions.AccountantsProvide professional assistance with taxes and financial planning, tax reporting, auditing and management consulting. They are regulated by national and state licensing standards.LawyersOffer legal assistance to clients related to financial planning and investment decisions, and may represent clients in disput

This broadcast highlighted many of the organizations that provide help during the pandemic and our recent podcasts that dealt with some of these issues. Unemployment The CARES Act added $600 per week from the federal government on top of whatever base amount a worker receives from the state. July 13th, this benefit end. The legislation also adds 13 weeks of unemployment insurance.Typically, self-employed people, freelancers and contractors can't apply for unemployment. The CARES Act created a new, temporary Pandemic Unemployment Assistance program through the end of this year to help people who lose work as a direct result of the public health emergency.On our April 7th Money Talks, we had executives from Mississippi Department of Economic Security. http://moneytalks.mpbonline.org/episodes/money-talks-unemploymentOnline filing is encouraged! A claim may be filed on-line at www.mdes.ms.gov twenty-four (24) hours a day, seven (7) days a week.call the MDES Contact Center at 1-888-844-3577you may contact your l

Have you gotten your Economic Impact Payment? Will you be traveling during the "Summer of Coronavirus"? irs.gov/coronavirus/economic-impact-paymentsPeople who have lost or destroyed their Visa prepaid debit cards now can request a free replacement through MetaBank’s customer service department. You can call 800-240-8100 (select option 2 from the main menu). If your address changed, you may need to go through the process of changing it on file with the IRS. One way to do so is by filing Form 8822, Change of Address.To trace your payment, call the IRS at 800-919-9835 or you may submit Form 3911. Can you say Stay-Cation?What are some examples of some free things to do near your home?  Catch a magnificent sunset or sunriseTake a walk or bike ride.Play in the park.Swim at the beach or lake.Visit a state park and walk their trailsVisit a market.Are you driving somewhere?Improve the Efficiency of Your Car: When taking road trips make sure your car is operating efficiently and is fully serviced. Some tips:C

Our guest is Dr. Charles Beady, the Executive Director of Mississippi Food Network, which began in 1983 as a warehouse facility that would accumulate, store, and distribute food for charities who would then make the final distributions to needy people in their community. MFN is a member of Feeding America, the nation’s largest domestic hunger-relief organization. https://www.msfoodnet.org/There are 430 agencies that distribute the food that MS Food Network accumulates.No.1 requested food donation: canned meatWhen NOT during a pandemic, volunteers who have registered help at the warehouse each month https://www.msfoodnetvolunteers.org/If your organization would like to host a food drive, please contact Stacey Cain at 601-973-7089 or scain@msfoodnet.org.If you are interested in making a corporate donation, please call Mack Matthews at mmatthews@msfoodnet.org or 601-353-7215.There are other ways to give:Monetary donationsShop at Kroger. When shopping at Kroger Stores, make a donation to MFN by register

Our experts check in and update us with the financial news in Mississippi and USA. Topics covered:financial marketsfuture Economic Impact PaymentsHEROES ActEIP debit cardsSafe ReturnEmergency Fundsstart small in your savings accountmaybe move larger amounts to a money marketautomatically savebeware of securitiesCredit Reportsget your free WEEKLY reportscheck them carefully https://www.annualcreditreport.com/index.action See acast.com/privacy for privacy and opt-out information.

No sooner do we come out of the Safer at home executive order but it’s almost hurricane season. Today’s show is an encore broadcast from May 8th 2018. Our hosts, Dr Nancy Lottridge Anderson, President of New Perspectives and Ryder Taff, Portfolio Manager at New Perspectives give advice on how to prepare your financial first aid kit. http://moneytalks.mpbonline.org/episodes/5cd31f1533f6c1be55607d842020 Information:https://www.msema.org/wp-content/uploads/2020/04/39779_MEMA-Hurrican-Preparedness.pdfhttps://www.msema.org/preparedness-2/hurricanes/https://www.fema.gov/media-library-data/1582162058237-59774592ecfffe4e9962d0e1ec3e4780/EFFAKToolkit_FormsOnly_20190906.pdfhttps://www.ready.gov/financial-preparednessEmergency Financial First Aid KitThe Emergency Financial First Aid Kit (EFFAK), a joint publication from Operation Hope and FEMA, can help you prepare financially and provides tips to reduce the financial impact of disasters on you and your family.For Organizations&nb

What's going on in Mississippi this week?We are still under the Safer-at-home Executive Order number 1477 that was extended and remains in effect until Monday, May 25th. Governor Tate Reeves is encouraging all of us to stay at home unless engaged in Essential Activities or Essential Travel. Gov. Tate Reeves has expanded social distancing guidelines for Attala, Leake, Scott, Jasper, Neshoba, Newton, and Lauderdale counties. Businesses in these counties must screen employees for the coronavirus. People have to wear masks if they cannot social distance at their jobs and masks must be worn during retail, live auction and flea market shopping.https://www.sos.ms.gov/content/executiveorders/ExecutiveOrders/1477.pdfhttps://www.sos.ms.gov/content/executiveorders/ExecutiveOrders/1480.pdfThe governor added some benefits for the unemployed. https://www.coronavirus.ms.gov/2020-04/governor-reeves-extends-unemployment-workers-impacted-covid-19Calls concerned:credit card ratesa 2nd EIP check?wife lost workdo dependents get c

Guest: Bruce McClary from the National Foundation for Credit Counseling https://www.nfcc.org/DATES TO KNOW: Submit your banking information to receive direct deposits of Economic Impact Payments by 11am Wednesday, May 13th, 2020.Mississippi Income Tax Returns and Payments are now due July 15th, 2020.Topics on the NFCC's website include - 10 Smart Ways to Reduce Expenses and Tighten Your Budget to Make Your Stimulus Check Last, Tips for Making and Managing an Emergency Budget; Should You Access Your Retirement Funds Early Due to COVID-19You can hear Bruce McClary give additional information on NFCC's Fin Bit Podcast https://open.spotify.com/show/6I2jbwF7mg9BxU3ywhdEUQDiscussions coveredEviction and Foreclosure Suspension for Homeowners Facing Difficulties Making Mortgage Payments https://www.nfcc.org/resources/blog/eviction-and-foreclosure-suspension-for-homeowners-facing-difficulties-making-mortgage-payments/Mortgage ForbearanceRefinancing https://www.nfcc.org/resources/blog/5-ways-to-still-refinance-your

Money Talks expert host, Dr. Nancy Lottridge Anderson was inspired by a recent phone call on the show to talk about the history of money. Listen here to the audio from the creative you tube video she and her husband created or find a link to the video on this site.Thank you for listening and supporting Money Talks on Mississippi Public Broadcasting.Money Talks can be heard live on MPB Think Radio Tuesdays at 9am. Or listen to the podcast. Moneytalks.mpbonline.orgHow can the stock market bounce back when the economic news is so dire? Much of the answer lies with our central bank, The Federal Reserve. The Fed has been pumping money into the system to under-gird the economy.Last week, on the radio, I was asked, "How does the Fed create money?" There was only a minute left before we went to break, so my answer was brief. I decided I needed to craft a better answer. With the help of my producer/director husband, we made a movie!Magic Money See acast.com/privacy for privacy and opt-out information.

From our experts at New Perspectives:We've been presented with questions and concerns surrounding stimulus payments for residents of Medicaid-funded skilled nursing facilities (a.k.a “nursing homes”). Will they get a check? Will they actually get to KEEP the money? Will a stimulus payment affect their Medicaid eligibility status? Hopefully we can offer a bit of clarity.While these residents are normally required to surrender most all their income, the stimulus payment will be an exception. Below is a link to an article that addresses this succinctly, with the key takeaways being:Residents of these facilities should receive a stimulus payment.The facility cannot take the funds to offset a bill or for any other reason.The funds will NOT be treated as income for purposes of Medicaid eligibility and will not force anyone out of their current eligibility status.The funds need to be spent within 12 months, so they are not counted as an asset which could impact eligibility for next year.Now may be the time for resid

Are you waiting for an Economic Impact Payment? Will you have to wait until June? September? April of 2021?Expert Dr. Nancy Lottridge-Anderson answers your questions (and learns a thing or 2 from our listeners who share their knowledge).From Social Security:Please note that we will not consider economic impact payments as income for SSI recipients, and the payments are excluded from resources for 12 months. https://blog.ssa.gov/commissioner-of-social-security-shares-update-about-covid-19-economic-impact-payments-for-beneficiaries/Supplemental Security Income recipients and low-income veterans who receive pensions from the Department of Veterans Affairs -- and who don't file returns -- can expect to see the money in May. If they have children, they're due an actual $500 per dependent. But they won't get this money until next year unless they give dependent information to the IRS today, May 5th, 2020 at the website https://www.irs.gov/coronavirus/non-filers-enter-payment-info-hereFor Social Security recipients,

Guest was: Ivan Drury, a Senior Manager in the Insights Division at Edmunds.com, where he examines trends in the automotive industry and provides insights for Edmunds’ monthly sales forecasts. https://www.edmunds.com/car-news/coronavirus-faqs-for-car-shoppers-and-owners.htmlQuestions were asked about stimulus checks, car leasing, Prius vehicles.Discussions covered: showrooms, internet sales, manufacturer incentives, forbearance, length of car notes, leasing, certified pre-owned cars, and the Edmunds website. See acast.com/privacy for privacy and opt-out information.

Free Oil!"They're going to be giving this stuff away soon" I mumbled to myselfas I shook change out of a fifteen dollar bill to fill my tank.When I drive by a gas station with low prices, I remark "they're going to be giving it away soon." It's my inside joke that gets a guaranteed eye roll from whoever else is in the car. Sometimes that is just me. Recently, some gas stations have come close to giving gas away, one near my house sold gas for $1 and gave free sandwiches and water away with a fill up recently. Costco was selling gas $1.17/gallon.But yesterday - they really were giving it away for free.To be precise, the price of oil went below $0. People were PAYING to get rid of oil. What's up with that?First, a primer. If you're trading oil for financial purposes (speculation, hedging, fun or profit, etc) you don't go out and secure a few barrels of the stuff, you trade contracts on a bunch of it. These standardized futures contracts state what type of oil, how much ($10,000 barrels, generally

UPDATE: Read host Ryder Taff's blog post about oil prices going negative https://newper.blogspot.com/2020/04/free-oil.htmlThe official name for the COVID-19 stimulus checks is the Economic Impact Payment. Have you gotten your check yet?Want to see when you should get your check? Get My Payment is helping millions of taxpayers. Since its launch on April 15, millions of taxpayers have been able to input their direct deposit information to speed—and track—their payments. The IRS reminds taxpayers the information is updated once daily, usually overnight, so they only need to check the application once a day. www.irs.gov/getmypaymentfaqNeed to give your payment information to the IRS? www.irs.gov/getmypaymentfaqHave you filed and paid your personal income taxes yet? The Mississippi Department of Revenue extended Income tax due dates, including estimated payments, to Friday, May 15th, 2020. The deadlines to FILE and PAY federal income taxes are extended to July 15, 2020.For the calendar year 2020, no one

This is the 8th week Money Talks has focused on the financial aspect of the COVID-19 pandemic.Don't compound your financial troubles by being a victim of scammers targeting your economic impact payment. Guest Wilks Cutrer from MPB's Everyday Tech gave out some advice. http://everydaytech.mpbonline.org/Beware of scammers wanting to reimburse you for your extra costs during this emergency or sell you items to ensure your protection. Look out for "snake oil salesmen". Watch out for bogus charities.If you think you are a victim of a scam or attempted fraud involving COVID-19, you can report it without leaving your home though a number of platforms. Contact the National Center for Disaster Fraud Hotline at 866-720-5721 or via email at disaster@leo.gov If it's a cyber scam, submit your complaint through https://www.ic3.gov/default.aspx https://www.justice.gov/coronavirusReporting Coronavirus-related or other phishing attemptsThose who receive unsolicited emails, text messages or social media attempts to gather inf

What a jam packed podcast! We took so many calls and emails with our guests: Jackie Turner, Executive Director and Timothy Rush, Director of Unemployment Insurance from MDES. Have a listen - maybe we answered your questions.The big takeaway from the show - have patience. This is happening fast. The 900 phone lines are jammed. Try again, try another phone line, try to email. Have patience.Visit the MDES website at www.mdes.ms.gov or call the MDES Contact Center at 1-888-844-3577.The contact center hours are 7:00 a.m. to 7:00 p.m., seven days a week.If you are experiencing difficulty filing your Unemployment Insurance claim, you can contact your local WIN Job Center by phone or email for assistance. WIN Job Center lobbies are currently closed to prevent the spread of COVID-19. https://mdes.ms.gov/win-job-centers/ Calls dealt with:email about weekly job search filinghow to contacthelp for self employedout of state employmentreduced wagespartial wage lossgig workers1099 religious workersSocial Security recip

Listeners want to know how the CARES Act will affect their personal finances. Host Dr. Nancy Lottridge-Anderson, remotely, answered questions for the hour.The Mississippi Department of Employment Security announced recently that Mississippi workers who are not able to work due to COVID-19 will be eligible to file for unemployment benefits.                  This applies to:Anyone who is quarantined by a medical professional or a government agency.Those who are laid off or sent home without pay for an extended period by their employers due to COVID-19 concerns.Those who are diagnosed with COVID-19.Those who are caring for an immediate family member who is diagnosed with COVID-19.The governor on Sunday released a “Memorandum of Understanding” after Congress passed their legislation. He reminded us:Emergency increase in unemployment compensation benefits. The weekly benefit amount goes up by $600. This includes workers that

Nancy Lottridge-Anderson answered questions remotely for our show.IRS extened filing and payment deadline to July 15, 2020 for 2019 person income taxes https://www.irs.gov/newsroom/payment-deadline-extended-to-july-15-2020Mississippi Department of Revenue extended the deadline to pay and file state taxes to May 15, 2020 for individual and corporate income tax https://twitter.com/MSDeptofRevenue/status/1242177964101468160/photo/1All Mississippi businesses and non-profits that are severely impacted by the Coronavirus (COVID-19) pandemic are eligible to apply for low-interest federal disaster loans. https://disasterloan.sba.gov/ela/Social Security Administration isn't seeing individuals in the office for now. You can call the National 800 Number. Toll-Free: 1-800-772-1213, call your local office, or go online for answers https://www.ssa.gov/coronavirus/The Mississippi Public Service Commission is prohibiting utility shutoffs during this state of emergency. https://www.msema.org/news/public-service-commissio

We continue to experience the financial effects of COVID-19. Ryder Taff talks more about the stock market and our economy.Call topics:percentage of budget going to foodlosing a job due to the virusmunicipal / treasury / corporate bondsWebsites we discussed:Congressional leaders, administration push swift action on third coronavirus relief bill with major economic stimulus. https://www.washingtonpost.com/business/2020/03/16/congress-fiscal-coronavirus/https://www.usatoday.com/story/money/personalfinance/2019/02/28/average-grocery-store-bill-cost-is-driven-up-most-by-these-items/39094659/https://grocery.walmart.com/https://www.kroger.com/i/ways-to-shophttps://www.cnbc.com/2019/08/27/best-low-cost-online-grocery-delivery-service-reviews.htmlhttps://www.moneycrashers.com/online-grocery-home-delivery-service/https://clark.com/shopping-retail/foods-to-buy-in-bulk-to-save-money/ See acast.com/privacy for privacy and opt-out information.