The Wise Money Show™

What is Uninsured and Underinsured Motorist coverage and is it important to have on your Umbrella policy? We're going to explain what all of that means and then help you determine if it's necessary for your situation on this episode of Wise Money! Season 6 Episode 43 Have a question for the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit...

Can you buy a house using your 401(k)? What about your IRA? As the housing market is surging, more people are wondering what the rules are for using their retirement money for a down payment. We're covering those rules and reviewing your options in this episode of Wise Money! Season 6 Episode 42 Have a question for the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certif...

The Roth IRA is one of the most versatile financial instruments available. While it gets a lot of attention, it also has some very strange rules that come along with it. We're sharing our top 5 obscure rules about the Roth IRA that you need to know and answering listener questions on this episode of Wise Money! Season 6 Episode 41 Have a question for the show? Call or text 574-222-2000 or leave a...

This week we’re discussing the creative financial planning strategies for those of you looking to retire before age 59 ½. Where can you get access to cash and avoid the 10% early withdrawal penalty? We share our ideas in this episode of Wise Money! Season 6 Episode 40 Have a question for the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visi...

Long-term financial success is much more attainable if you start on the right track. Therefore, once graduating high school, how do you financially navigate your three choices of what to do next? Each of these choices has different financial ramifications, so we want to help you, or your son or daughter, succeed financially by getting started on the right path. That and more in this episode of Wis...

Despite the Federal Reserve downplaying inflation, prices appear to be rising rapidly. What’s the truth about inflation, is it going to be a huge concern, and what should you be doing with your money? We are covering that and more in this episode of Wise Money! Season 6 Episode 38 Have a question for the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial P...

Where are the biggest financial gaps that a comprehensive approach to your finances fills in? How can you fill in those gaps and avoid unforced financial mistakes? We're covering that and more in this episode of Wise Money! Season 6 Episode 37 Have a question for the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit www.korhorn.com or call...

What’s the best way to protect yourself and your finances from Identity theft? Is it best to purchase identity theft insurance, or is it not actually necessary? If you find yourself a victim of identity theft, what should you do? We’re hitting that and more in this episode of Wise Money! Season 6 Episode 36 Have a question for the show? Call or text 574-222-2000 or leave a comment! Want to speak w...

We all understand the concept of saving up for retirement, but what about investing in retirement? Should your investment approach and risk level change as you near and enter retirement? We're hitting that and more in this episode of Wise Money! Season 6 Episode 35 Have a question for the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit w...

The SECURE Act introduced the 10-Year Rule for withdrawing inherited retirement accounts and it is going to represent a significant tax increase for your beneficiaries on your hard-earned savings. What are some creative financial planning strategies to manage the 10-Year Rule? We are covering that and more in this episode of the Wise Money Show! Season 6 Episode 34 Have a question for the show? Ca...

The Biden Administration has been floating ideas about how they plan to increase taxes to help cover more spending in the future. What are the ways you can prepare for higher tax rates in the future? We’re hitting that and more in this episode of Wise Money! Season 6 Episode 33 Have a question for the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Plan...

What’s the right age to begin talking to your kids about money? Do you wait until they get a job, or when they are in high school or college? How do you do so effectively so that they avoid the common financial mistakes that young adults make? We’re hitting that and more in this episode of Wise Money! Season 6 Episode 32 Have a question for the show? Call or text 574-222-2000 or leave a comment! W...

At what point should you begin discussing finances with your family? You don't want to wait until it's too late, but some family members may not be ready. Follow the 70/40 Rule as a benchmark for when to start discussing this sensitive topic. We’re hitting that and more in this episode of the Wise Money Show! Season 6 Episode 31 Have a question for the show? Call or text 574-222-2000 or leave a co...

The latest stimulus plan brought on significant tax changes, some of which even impact your return for 2020. Changes include the extension of the tax filing deadline to May 17, 2021, taxation on unemployment benefits, additional stimulus payments, and changes to the child tax credits. We’re sharing details with you in this episode of Wise Money. Season 6 Episode 30 Have a question for the show? Ca...

The CARES Act gave people unprecedented access to their retirement accounts during the pandemic. A Kiplingers poll showed an alarming statistic, that nearly 25% of Americans withdrew or borrowed from their retirement to cover basic living expenses during the pandemic. Is there an unintended consequence to withdrawing funds early? We’re hitting that and more in this episode of Wise Money! Season 6...

Part 2 of the biggest tax questions from the pandemic, joined once again by CPA Ryan Fair. During the pandemic, many employees shifted to working from home - can you get a write-off on your taxes for it? What about all those home DIY projects you completed? Those questions and more on this episode of Wise Money! Season 6 Episode 28 Have a question for the show? Call or text 574-222-2000 or leave a...

There are 5 factors, or 5 major variables, that influence your ability to retire with confidence. They are all interrelated, but is there one area of the five that is most important? We’re hitting that and more in this episode of Wise Money! Season 6 Episode 27 Have a question for the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit www.k...

The WallStreetBets and GameStop (GME) short squeeze will go down in stock market history, but it is as confusing as it was entertaining. We’ll explain what led up to it, what happened, and the possible long-term implications it will make on the stock market in this episode of Wise Money! Season 6 Episode 26 Have a question for the show? Call or text 574-222-2000 or leave a comment! Want to speak w...

Another tax season is upon us and it comes with several big changes. The biggest tax questions from the 2020 pandemic: When can you file? Will you have to pay tax on your unemployment? What can I deduct for home office expenses? We’re hitting that and more in this episode of Wise Money! Season 6 Episode 25 Have a question for the show? Call or text 574-222-2000 or leave a comment! Want to speak wi...

Should you have a different investment strategy for your Roth IRA as you do for your 401(k)? Do certain investment strategies make sense in some accounts but not others? This episode we're discussing whether it makes sense to use a different investment strategy for your different types of investment accounts.  Season 6 Episode 24 Have a question for the show? Call or text 574-222-2000 or leave a c...

How much house can you afford? Is this just a number the bank tells you or is it a financial planning decision? As housing prices surge, it’s more important than ever to ensure you have the right clarity on how much house you can afford. We're covering that and more in this episode of Wise Money! Season 6 Episode 23 Have a question for the show? Call or text 574-222-2000 or leave a comment! Want t...

Health insurance remains one of the most important factors in someone's ability and timing of retirement. If you are retiring before age 65, what are your options for health insurance and how would you rank or prioritize those options? We are hitting that and more in this episode of the Wise Money Show! Season 6 Episode 22 Have a question for the show? Call or text 574-222-2000 or leave a comment!...

We are in a Retirement Boom...more people are retiring now than ever before. Due to the risks and challenges in a coronavirus world, and inflated stock prices, people are retiring earlier than they planned. Wherever that hits you, how do you know if you’re ready? We're covering that and more in today's episode of Wise Money! Season 6 Episode 21 Have a question for the show? Call or text 574-222-20...

2020 will go down as one of the most unusual years in stock market history. What investment opportunities should you watch out for in 2021 and what moves should you make in your portfolio? We are covering that and more in this episode! Season 6 Episode 20 Have a question for the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit www.korhorn...

If you were to look back on the year, how would you grade 2020 in your financial life? We are giving you financial tips that you can begin doing right now to make sure 2021 gets a better grade. We’re hitting that and more in this episode of Wise Money! Season 6 Episode 19 Have a question for the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™?...