The Wise Money Show™

There are 3 tax planning strategies that are being enhanced in 2023. In today's episode, we're discussing how they are being improved, what the benefit is for you, and how you should implement these strategies. Season 8 Episode 14 Have a question you want to have answered on the show? Call or text 574-222-2000 or leave a comment!   Want to speak with a Certified Financial Planner™? Visit www.korho...

Social Security recipients will be receiving a significant Cost of Living increase for 2023. While this is a welcome benefit to retirees, it could mean a higher tax bill due to the unique way in which Social Security benefits are taxable. We're helping you plan ahead to avoid this tax increase on this episode of Wise Money. Season 8 Episode 13 Have a question you want to have answered on the show?...

The new retirement plan contribution limits are out for 2023 and it’s great news if you need to catch up on your retirement contributions. What are some ways you can catch up on your retirement savings if you’re feeling behind? That and more on this episode of Wise Money. Season 8 Episode 12 Have a question you want to have answered on the show? Call or text 574-222-2000 or leave a comment! Want t...

Medicare Open Enrollment for 2023 is from October 15 through December 7th. We're covering what you need to know about open enrollment, what actions you need to take, and how Medicare rates are surprisingly changing for 2023 on this episode of Wise Money. Season 8 Episode 11 Have a question you want to have answered on the show? Call or text 574-222-2000 or leave a comment!   Want to speak with a C...

Were you hoping to retire at the end of 2022 or in the near future, but now unsure if you can do so given this year's stock market performance? How can you still retire with confidence despite the uncertainty in the markets? We’re helping with that and more on this episode of the Wise Money Show. Season 8 Episode 10 Have a question you want to have answered on the show? Call or text 574-222-2000 o...

Should you carry life insurance on your young, dependent children? Emotionally you may feel that you absolutely should, but financially, is this a wise move? If you should get this coverage, where is the best place to get this insurance from? We’re answering those questions and more on this episode of the Wise Money Show. Season 8 Episode 9 Have a question you want to have answered on the show? Ca...

The market downturn thus far in 2022 is emotionally challenging to handle, however, it does present savvy investors with unique financial planning opportunities. How can you be opportunistic during this bear market? We're sharing the financial planning strategies you need to consider using during this down market on this episode of the Wise Money Show. Season 8 Episode 8 Have a question you want t...

If your income is above certain thresholds leading up to or in retirement, you may be required to pay a higher amount for your Medicare parts B and D. This charge is known as IRMAA, or Income Related Monthly Adjustment Amount, and can increase what you pay for Medicare. Were explaining how this works and how you can avoid its impact in this episode of the Wise Money Show. Season 8 Episode 7 Have a...

Saving up for retirement using your 401(k), 403(b), IRA, and Roth IRA, all have one common limitation: withdrawing money from them before age 59.5 could cause you to pay a penalty. If you plan to retire before age 59.5, where should you save up money so that you can bridge the income gap until age 59.5? We are covering that and more during this episode of the Wise Money Show. Season 8 Episode 6 Ha...

More than ever people are returning back to work after retiring. Though most people plan to retire only once, should you reenter the workforce after retiring, what financial planning strategies exist and what consequences do you need to be aware of? We're covering that on this episode of the Wise Money Show.   Season 8 Episode 5 Have a question for the show? Call or text 574-222-2000 or leave a co...

Some financial decisions are more important than others - if you get the decision wrong, it could have enormous consequences. We call those "crucial financial decisions". In this part 2 episode of Wise Money, we cover even more crucial financial decisions you could face in your lifetime and how you can make the right choice. Season 8 Episode 4 Have a question for the show? Call or text 574-222-200...

Some financial decisions are more important than others - if you get the decision wrong, it could have enormous consequences. We call those "crucial financial decisions". In this episode of Wise Money, we cover the top 5 crucial financial decisions you could face in your lifetime and how you can make the right choice. Season 8 Episode 3   Have a question for the show? Call or text 574-222-2000 or...

The White House has announced the cancellation of up to $20,000 of Federal student loans for eligible borrowers. What are the details of the cancellation, what are the next steps, and what should be your approach to student loans in the future? That and more on this episode of the Wise Money Show. Season 8 Episode 2 Have a question for the show? Call or text 574-222-2000 or leave a comment!   Want...

Budgeting can often time be the difference maker between having long-term financial balance and not. If you're ready to get started budgeting, there's a critical step that you need to take before you jump in. We're helping with that and more on this episode of the Wise Money Show. Season 8 Episode 1 Have a question for the show? Call or text 574-222-2000 or leave a comment!   Want to speak with a...

Social Security plays an important role in your retirement, yet still, most people are unfamiliar with how Social Security works. Therefore, most people are unprepared to make a great decision on when and how to draw their Social Security. We are covering the top 10 facts you need to know about Social Security in this episode of Wise Money. Season 7 Episode 52 Link to quiz: https://www.cnbc.com/20...

Government savings bonds with an interest rate connected to inflation, I Bonds, are currently paying an interest rate greater than 9%. What are the primary features of these investment options and do they deserve a piece of your overall investment portfolio? We are covering that during this episode of The Wise Money Show! Season 7 Episode 51 Have a question for the show? Call or text 574-222-2000...

The transition onto Medicare is the biggest health insurance transition you'll face in your life, coupled with the biggest health insurance decision of your life, as part of the biggest financial decision in your life - retirement. With so much at stake, how do you ensure it's a smooth transition? Health insurance experts Craig Wiker and Ben Bulgrien join us in the studio to cover the most common...

Many people experienced unpleasant tax surprises when they filed their taxes in 2022, even more than in the past. We have CPA Ryan Fair on the show to help explain why there was an increase in tax surprises, how you can avoid them, and what to do if you face the nastiest of tax surprises - a tax notice? That and more on this episode of the Wise Money Show. Have a question for the show? Call or tex...

With the stock market declines and volatility we've seen this year, just about everyone is asking the same questions - Should I make changes to my investments? The answer depends on whether you've got the right investment strategies structured to take the right level of risk that is consistent with your long-term financial plan. More insight on that during this episode of the Wise Money Show. Have...

More than likely your financial life is scattered among various bank accounts, retirement plans, and other financial instruments, but you need to align those resources to achieve a variety of different financial goals. How can you get the clarity needed to see your entire financial life in one place and determine what's needed to get on track for your most important financial goals? With the help...

The financial decisions you make in your 20s can affect your finances for years to come. Between student loans, starting saving for retirement, and expensive housing markets, the pressure to make the correct financial decision can seem daunting. We're helping you make wise financial decisions as we wrap up our series on the best financial advice by decade in this episode of The Wise Money Show. Se...

In your 30s you'll face many new and interesting financial challenges. You are likely making more money now than ever before and facing significant financial decisions — like having kids, purchasing a bigger house, changing careers, and more. Whether you are entering your 30s or halfway through, we are helping you face the biggest financial planning decisions in your 30s on this episode of The Wis...

Your 40s may be the busiest decade of your life, filled with many financial decisions that can affect you and your family for years to come. While time is still on your side before retirement, but not for long, your financial life needs to be a priority. What are the major financial decisions you will make in your 40s? We're helping you navigate those in this episode of the Wise Money Show. Season...

Financial planning in your 50s may be the most important decade. In your 50s you have significant competing financial priorities like helping kids with college, maybe a big home decision or wedding to help pay for, and that is on top of making a final push for retirement. How do you plan appropriately for all of these items? We're helping you with the biggest financial decisions you'll face in thi...

The decade of your 60s may be the one where you will make the most crucial financial decisions than any other decade. We're helping today with the most important decisions you will face in your 60s during this episode of the Wise Money Show. Season 7 Episode 42 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...