The Wise Money Show™

How do you define financial success, and how do you know if you’re on track towards achieving it? We’re all striving for financial success, however, it has a different meaning for all of us. We are helping you define your own financial success and providing steps to help you achieve it in this episode.  Season 5 Episode 20 Have a question for the show? Call or text 574-222-2000 or leave a comment!...

The start of a new year is a great time to update your budget. That said, we’re going to challenge you to a higher level of a budget by teaching and helping you create a Spending Plan, something we call the Three Bank Account System. That and answers to your questions on this episode. Season 5 Episode 19 Thank you to Auto-Owners Insurance for sponsoring the 4th segment of this episode! https://www...

As we celebrate 2019 and look to the year ahead, what do you want 2020 to look like? That answer for your short term goals needs to fit into your vision for your life, something we call your Primary Aim. We are going to define that further, help you identify your Primary Aim, and then help you set the right financial goals for 2020 in this episode of Wise Money. Season 5 Episode 18 Have a question...

We’re approaching the end of another year, and now is a great time to do a quick financial inventory to ensure that you address all of the time-sensitive financial items before it’s too late. We’re sharing our year-end financial planning checklist for 2019 in this episode of Wise Money. Season 5 Episode 17 Have a question for the show? Call or text 574-222-2000 or leave a comment!   Find more info...

The HSA is an extremely versatile financial instrument, so to make the most of it, should you transfer your IRA into your HSA? Interesting question with an interesting answer. We’ll let you know why you should or shouldn’t consider this in today’s episode. Season 5 Episode 16 Have a question for the show? Call or text 574-222-2000 or leave a comment!   Find more information about the Wise Money Sh...

What do you need to do when you receive an inheritance? Large or small, there are several questions that need to be answered. Do you need to pay taxes on the inheritance? Do you need an attorney and a will? We’re going to review the most common questions and provide answers in this episode of Wise Money. Season 5 Episode 15 Have a question for the show? Call or text 574-222-2000 or leave a comment...

Did you get a late start saving for retirement? Although we all intend to start saving early, life gets in the way and many people are trying to play catch up on their retirement savings. If you’re getting a late start saving for retirement, what do you need to do to catch up and get on track? We are giving you 5 action items to start doing to start saving for retirement! Season 5 Episode 14 Have...

As a grandparent, you want the best for your kids and grandkids. We are giving you the 5 ways you can help pay for college so you can help both at one time! That and viewer questions on this episode! Season 5 Episode 13 Have a question for the show? Call or text 574-222-2000 or leave a comment! Find more information about the Wise Money Show™ at www. WiseMoneyShow.com Be sure to stay up to date by...

Do you know when to draw Social Security? Should you start collecting at 62 because you can or just do what all your friends did? Drawing Social Security benefits is one of the biggest financial decisions you’re going to make in your life, especially when it comes to retirement planning. Don’t make this significant decision in a vacuum, but instead ensure that it fits within your entire financial...

Season 5 Episode 11 Many people miss out on lowering their tax bill, not because of forgetting deductions, but by failing to do some simple things with their money that will improve their tax picture. We’re sharing our top tax planning strategies you need to implement this year to improve your 2019 taxes. Joining us in the studio is CPA Ryan Fair. Have a question for the show? Call or text 574-222...

After the recent tax law changes, specifically with itemized deductions, it is critically important that individuals and business owners who donate to non-profit organizations do Giving Planning as part of their Financial Plan. Donor-Advised Funds are an integral part of Giving Planning, so we’re explaining how they work and why you should use one on this episode with special guest, Ryan Fair CPA....

The student loan crisis is having a real impact on our economy. Congress has been working to solve the current student debt crisis by discussing student loan forgiveness plans and potentially even making college free. We’ll discuss those potential solutions and what this actually means to you in this episode of Wise Money. Have a question for the show? Call or text 574-222-2000 or leave a comment!...

Season 5 Episode 8 When you're single, your financial planning is different than if you were married. Often times saving up for big purchases, like a house or retirement, can be more difficult. What areas of financial planning do you need to focus more on, and which areas can take a back seat? That and listener questions as we wrap up the 3rd show in our Suddenly Single series.  Have a question fo...

Season 5 Episode 7 Going through a divorce is awful emotionally and also turns your financial life upside down. While you'd never intend to go through this financially, how do you make sure to avoid the common financial mistakes and make progress financially if this happens to you? That and more on part 2 of our 3-part series on Suddenly Single with Wise Money! Watch part 1 (Suddenly Single: Finan...

Season 5 Episode 6 Financial planning when you're a single adult will have a different emphasis than for a married couple. We are launching a new 3-part series about finding yourself suddenly single. This week we cover how to take the right approach to financial planning when you find yourself suddenly single after the death of a spouse. Have a question for the show? Call or text 574-222-2000 or l...

Season 5 Episode 5 What should you do after a bad experience with a financial professional? It's hard to make a great decision after you've been hurt, but those are often the times when a great decision is desperately needed. We are helping you pick up the pieces after you have been burned and telling you what to look out for so it doesn't happen again in this episode of Wise Money. Have a questio...

Season 5 Episode 4 Social security is an extremely important financial tool, especially in retirement, which is why you want to make sure you do not make a mistake about when and how to start drawing. Avoiding a mistake is hard to do with so much misinformation and myths about Social Security out there. We are going to solve those myths to help you make a wise financial decision coming up in this...

Season 5 Episode 3 Feeling overwhelmed with all the decisions Medicare open enrollment brings? Not sure which coverages you need or how it could affect your spouse's health insurance? Whether you're about to turn 65, already on Medicare, or just helping ensure your parents have the right health coverage, it's important you are up to date with the latest changes and options available to you. Mike a...

Season 5 Episode 2 How do you make sure you’re getting the best rate on your home and auto insurance from your insurance company? We are giving you our top 4 tips and a few extras to make sure you can get the best rate. We are joined in studio by Alysia Boehner in this episode of Wise Money sponsored by Indiana Farmers Insurance. Have a question for the show? Call or text 574-222-2000 or leave a c...

Season 5 Episode 1 With a rising housing market, should you buy your next house before you sell your current home? You might need to in order to get the house you want, but doing so means you’ve got to take on some financial risk. We’re discussing how to navigate this issue and others with realtor Diane Bennett on this episode of Wise Money. Have a question for the show? Call or text 574-222-2000...

Season 4 Episode 52 Tax Planning is not only one of the six areas of your financial life, but it’s also a habit that can save you a significant amount of money over your lifetime. CPA Ryan Fair joins the Wise Money Show to share with you the two goals of tax planning and why you should be proactive with your taxes. Have a question for the show? Call or text 574-222-2000 or leave a comment! Find mo...

Season 4 Episode 51 Another school year is beginning, are you taking all of the right steps in your financial life? Whether you’ve got a child in college now, or will have one in the coming years, Mike, Josh, and Kevin will help you know what you should be doing right now to capture all opportunities. Have a question for the show? Call or text 574-222-2000 or leave a comment! Find more information...

Season 4 Episode 50 Recently, the Treasury Department recommended it be mandatory for all college students to take a financial-literacy course. That had us thinking about financial skills and principles schools aren’t teaching students to prepare them for the real world. That and more this week on Wise Money. Have a question for the show? Call or text 574-222-2000 or leave a comment! Find more inf...

Season 4 Episode 49 Some interesting research revealed that the millennial generation has less money saved up than the previous two generations at this stage of their lives (according to Pew Research Center, median net worth of households headed by Millennials is about $12,500 compared to $20,700 for households headed by Boomers the same age in 1983). What’s causing this and what can be done about...

Season 4 Episode 48 If you were offered a buyout from your job today, would you take it? Is your financial life always decision-able so that you could confidently make the right decision? Mike, Josh and Kevin are discussing this real life situation and answering your questions in this episode of Wise Money. Have a question for the show? Call or text 574-222-2000 or leave a comment!   Find more inf...