Money Talks

We’ve gathered together some tips from various articles to discuss Holiday Spending today. Listen to our experts from New Perspectives https://www.newper.com/ thoughts on these tips:Stick to your budget:    Plan how much you’ll spend on gifts, food, drink, and decorationsAllocate a dollar amount of what you want to spent and who you will shop for. Tally up what you’ve already spent so far if you shop through the year and be aware of what you already bought and what you’ve already spent. Make a list of who you need to buy for and what you want to buy. If you’re not sure who will be attending the family dinner, call and ask the hosts or look back at last year’s pictures. Knowing who to buy for will help you avoid buying “stuff” just in case you missed someone.Holiday debt can linger for months, straining your household budget and even limiting your ability to save for retirement and other goalsWhile planning this year's holidays, start thinking about how you'll save money next year

Dr. Nancy Lottridge-Anderson, President of New Perspectives and Ryder Taff, portfolio manager at New Perspectives are our expert hosts.Nancy and Ryder are both Chartered Financial Analysts and Ryder also holds the Certificate in Investment Performance Measurement from the CFA Institute.We didn't get to many October buys / don't buys due to phone calls. Find that information from these websites:https://www.nerdwallet.com/blog/shopping/what-to-buy-in-october/     https://www.offers.com/blog/post/what-to-buy-in-october/    https://blackfriday.com/news/what-to-buy-october  Tasks for October? Check out this website for advice:  https://www.moolanomy.com/6247/financial-checklist-of-important-tasks/incharge.org has a calendar of when you should do what each month. ·      Reminder: if you filed an extension to file your federal income tax return in April, October 15 is the deadline for extensions.·   &nb

Our chartered financial advisers,Dr. Nancy Lottridge-Anderson, President of New Perspectives and Ryder Taff, portfolio manager at New Perspectives.demystify this diversification tool. https://www.investor.gov/introduction-investing/basics/investment-products/mutual-funds-and-exchange-traded-funds-etfs#FraudRyder mentioned Morningstar as an information source https://www.morningstar.com/funds See acast.com/privacy for privacy and opt-out information.

We used as our guide for today's show: How to Choose the Right Budget System from Nerd Wallet https://www.nerdwallet.com/blog/finance/how-to-build-a-budget/Examples of 4 types of budgets systems are THE 50/30/20 BUDGET, THE ENVELOPE SYSTEM, PAY YOURSELF FIRST, and  THE ZERO-BASED BUDGET·      Automate your savings as much as possible so the money you’ve allocated for a specific purpose gets there with minimal effort on your part. An accountability partner or online support group can help, so that you’re held accountable for choices that blow the budget.·      Revisit your budget as needed. Your income, expenses and priorities will change over time. Adjust your budget accordingly, but always have one. See acast.com/privacy for privacy and opt-out information.

Our hosts are Dr. Nancy Lottridge-Anderson, President of New Perspectives and Ryder Taff, portfolio manager at New Perspectives. Nancy and Ryder are both Chartered Financial Analysts and Ryder also holds the Certificate in Investment Performance Measurement from the CFA Institute. https://www.newper.com/FINRA: the Financial Industry Regulatory Authority suggests how to approach setting your goals. https://www.finra.org/investors/personal-finance/set-your-financial-goalsCollege Savings Calculator: https://tools.finra.org/college_savings/Retirement Calculator: https://tools.finra.org/retirement_calculator/ See acast.com/privacy for privacy and opt-out information.

Emelia Nordan, The College Savings Director from the State Treasurer’s office takes questions and explains the MPACT and MACS savings plans for school tuition. https://www.treasurerlynnfitch.ms.gov/collegesavingsmississippi/Pages/default.aspx See acast.com/privacy for privacy and opt-out information.

Do you need to save money on your regular expenses to have money to invest for retirement?We'll share some money saving tips from AARP's 99 Great Ways to Save https://www.aarp.org/money/budgeting-saving/info-2019/top-ways-to-save.html and our expert, Ryder Taff https://www.newper.com/ will comment. Reimbursed ATM Fees:      Most online banks and some traditional banks will reimburse you for fees incurred when you use another bank's ATM. That can save you an average of $4.68 per transaction.Hire a Haggler:    Not a negotiator? Companies like Billfixers and Billshark will haggle with your cable TV company or other service providers in exchange for a cut of your first year or two of savings. Billfixers says it saves clients $300 a year.Property Tax Breaks:  Many states offer property tax breaks for homeowners over 65, including rebates, caps on assessed value, and tax-rate or assessment freezes.  In Mississippi: Persons 65 years or older and persons who

Ryder Taff, our investment expert from New Perspectives https://www.newper.com/, suggests reading J.P. Morgan's Guide To Retirment https://am.jpmorgan.com/blob-gim/1383280097558/83456/JP-GTR.pdfThere are a number of retirement calculators available on the internet. Each person’s situation will be different. You will need to enter your current age, income, savings balance and how much you save toward retirement each month. Estimating travel expenses, health care, and if your home is paid for are all factors in deciding how much money you will need to live on during retirement.                Vanguard and Nerd Wallet dot com each have a calculator you can play around with, putting in different amounts. https://www.nerdwallet.com/investing/retirement-calculator  https://investor.vanguard.com/retirement/income/investing-in-retirement See acast.com/privacy for privacy and opt-out information.

Expert Ryder Taff from New Perspectives https://www.newper.com/ and guest host Jay White, from MPB's Everyday Tech http://everydaytech.mpbonline.org/ , update listeners on financial data breaches and hacks.https://www.ftc.gov/ Federal Trade Commission From their site you can file an Equifax Claim, learn about Annual Credit Reports 1-800-322-8228, and find more information.·      What can you do if you suspect your financial information has been compromised?Check if your accounts have been affected           Accept the breached company's offer(s) to help.      If the breached company offers to help repair the damage and protect you for a certain amount of time, unless there have been issues with their offer, take them up on it. Place a fraud alert. If you suspect fraud, place a fraud alert with each of the credit reporting companies: Equifax, Experian and TransUnion. The alert notifies creditors

We'd like to help you save on your purchases, save for college, and help you get money for your school.Segment 1We’d like to remind folks that Mississippi has a tax free weekend coming up Friday, the 26th and Saturday the 27th. BUT there are some stipulations:·      Sales Tax is not due on the sale of articles of clothing, footwear, or school supplies if the sales price of a single the item is less than One Hundred Dollars·      There are definitions of Clothing, footwear, accessories, and school supplies.·      Layaway sales of eligible items do not qualify for the holiday.·      Sales of eligible items that were placed or ordered by mail, telephone, or the internet are not subject to Sales Tax if the purchaser orders and pays for the items during the Sales Tax Holiday and the items are less than the $100.00 threshold.·      https://www.dor.ms.gov/Business/Docu

Factors to take into consideration when deciding to give someone money:·      Fees, Speed, Sending amount, Where the recipient is located, Security, access to actual cashhttps://www.mic.com/articles/192848/4-reasons-to-always-carry-cashhttps://www.usbank.com/newsroom/news/digital-payment-platforms-primed-to-topple-cash.htmlhttps://www.cnbc.com/2019/01/15/more-americans-say-they-dont-carry-cash.htmlhttps://www.nerdwallet.com/blog/banking/faq-send-money-individual/https://www.gobankingrates.com/making-money/business/9-ways-transfer-money-friends-family/1.   Cash – easiest and most obvious.       a.   About 3 in 10 Americans said they make no purchases with cash in a typical week. b.   In a survey of more than 2,000 Americans, U.S. Bank found that 50 percent of respondents said they carry cash with them less than half of the time they are out. c.   More than 1 in 10 millenni

Guest Richard Courtney of Courtney Elder Law Associates, a division of Frascogna Courtney, PLLC is the guest.To sign up for an account: mississippiable.com or call 1-888-609-3469ABLE accounts are savings accounts for individuals with disabilities which will not affect their public benefits. These accounts can be used for daily transactions and/or long-term savings. Income earned in the accounts is not taxed if spent on qualified disability-related expenses. Contributions can be made to an account by anyone and may qualify for a state tax deduction. The Mississippi Department of Rehabilitation Services has more information: https://www.mdrs.ms.gov/Pages/able-act.aspxAdditional information( videos and access to Richard Courtney's Essential Planning Guide for Special Needs Children & Adults) can be found on Mr. Courtney's website: elderlawms.org Phone number 601-987-3000 See acast.com/privacy for privacy and opt-out information.

How do you get started with a brokerage account?When do you need a stock broker? What's the difference between and adviser and a broker? What's a cryptocurrency? What's an ETF?These are the topics our financial expert Ryder Taff discussed on this broadcast.FINRA: Financial Industry Regulatory authority www.finra.org See acast.com/privacy for privacy and opt-out information.

What should you buy and what should you stay away from this month? How do you find cheap gas?https://www.dealnews.com/features/discounts/months/June/ suggests: Spring clothes, family movies, lingerie, gym memberships, local fruit and veggies BUT NOT Amazon products, laptops, grills, or patio furniture.Ryder Taff and Nancy Lottreidge-Anderson took calls concerning medical bills, rolling over pensions, car buying, long-term care insurance and nursing home insurance. See acast.com/privacy for privacy and opt-out information.

Guest: Adam Black, mortgage broker from Renasant Bank https://ablack-renasantbank.mortgagewebcenter.com/The show discussed current interest rates, costs to refinance, and how to decide if you would benefit from refinancing your mortgage. Did you know most mortgages are originated by online, non depository lenders?Calls talked about home equity loans, reverse mortgages, and cash out mortgages. See acast.com/privacy for privacy and opt-out information.

We would like to remind you: when disasters strike our state you can tune in to MPB for statewide coverage:Biloxi at 90.3; Bude at 88.9;Jackson at 91.3; Meridian at 88.1;Greenwood at 90.9; Starkville at 89.9Booneville at 89.5; Oxford at 90.3The Atlantic Hurricane season, which affects Mississippi and all of the Gulf Coast began on June 1st and runs through November 30th. The Mississippi Emergency Management Agency suggests that in addition to:Flashlight and battery-powered radio with additional batteries.Canned and non-perishable food.Bottled water.Toiletry items.Pet food and pet supplies.Medicine and prescription medication.You need Copies of important family papers and documents and CASH. Money Talks suggests you print the FEMA Emergency Financial First Aid Kit and fill out the worksheets so you’re ready for an evacuation or a disaster. https://www.fema.gov/media-library-data/1524144185649-5dd9736e7ff89b5997182396f4e13fee/Emergency_Financial_First_Aid_Kit_(EFFAK)_signed_04.09.18_508

We’ve got some suggestions on how to travel with your money concerning safety, convenience, and fees.Traveler’s ChequesCredit CardsATM CardsCashExchange Rates Behavior tipsRyder Taff from New Perspectives, gives expert advice. https://www.newper.com/ See acast.com/privacy for privacy and opt-out information.

How do you know you need a new mattress? How do you choose one?Our guest, Horace McMillon from Miskelly's Furnature will guide us through how to tell when it's time for a new mattress, what are our options, and how to choose a mattress.https://www.consumerreports.org/mattresses/buy-a-better-mattress/https://brandongaille.com/31-mattress-industry-statistics-and-trends/ See acast.com/privacy for privacy and opt-out information.

We let the listeners decide what to talk about on this Open Topic day. The results: savings bonds, 401 K contributions, what to do with your cash, and credit card debt. We also suggested what to buy in May and what gifts a new graduate might like.Savings Bonds information: https://www.treasurydirect.gov/ See acast.com/privacy for privacy and opt-out information.

You've got 11 months before the next tax day. What can you do to make it easier on yourself?How long do you need to keep what paper? It's time for Financial Spring Cleaning. Listen to the show to learn what you should do about your retirement accounts, insurance, beneficiary information, debts, and automated payments.It's time to evaluate your tax withholding, charitable giving, and scheduled medical procedures. Keep good records for yourself and your family for emergencies, disasters, or in case of death. Keep Sales Receipts until warranty expires or can no longer return or exchangeWhat to keep for 1 month:  ATM Printouts (When you balance your checkbook each month throw out the ATM receipts)What to keep for 1 year:Paycheck StubsUtility BillsCancelled ChecksCredit Card ReceiptsBank StatementsQuarterly Investment StatementsWhat to keep for 3 yearsIncome Tax Returns (Please keep in mind that you can be audited by the IRS for no reason up to three years after you filed a tax return. If