Happy New Year! Welcome to 2023. We’ll talk today about information you might need for this new year. We learn about new tax amounts; ways to save money, ways to get back lost money, and ways to win money. Our experts take questions concerning personal finance. 2023 $66,000 - Defined contribution plan (401k, 403b) total limit per participant $66,000 - SEP IRA contribution limit $22,500 - 401k, 403b, 457 contribution limit (Salary deferrals) $7,500 - 401k, 403b, 457 catch up $6,500 - IRA contribu...
Jan 10, 2023•45 min
ENCORE FROM 03/29/2022 At Money Talks we can’t give you money but we can remind you that you might save money by planning ahead. Compounding interest, buying in bulk, watching for sales are all ways that might put you in a better financial position. We’ll discuss saving money by planning ahead today. We’ll also take your general personal finance questions. In the news: job rate, yield curve. Income Tax payments and filings are due Monday, April 18th this year. https://www.irs.gov/individuals/ste...
Jan 03, 2023•49 min
ENCORE FROM 02/15/2022 According to a report from the Federal Trade Commission: Romance Scammers Steal a Record 547 Million Dollars. Adults 70 and older had $9,000 median loss in 2021. Money Talks wants to make sure the person that steels your heart doesn’t steel your wallet. https://www.ftc.gov/news-events/blogs/data-spotlight/2022/02/reports-romance-scams-hit-record-highs-2021?utm_source=govdelivery You can help stop scammers by reporting suspicious profiles or messages to the dating app or so...
Dec 27, 2022•49 min
Today’s show will have two parts: since we’re in the middle of Hanukkah and Christmas is coming soon we’ll discuss “Holiday Spending Without Adding to Your Debt”. Then we’ll move on to “Tips for Paying Down Holiday Debt”. Money Talks welcomes back Bruce McClary, a Senior Vice President at National Foundation for Credit Counseling. Our resident experts are also on hand for personal finance questions. https://www.nfcc.org/ https://www.nfcc.org/blog/holiday-spending-without-adding-to-your-debt/ htt...
Dec 20, 2022•44 min
It’s time for you to get in gear for the end of the year. December is a great time to reflect on the past and prepare for the future. What money decisions do you need to make before 2023? We’ll find out from our expert and take your personal finance questions. Free credit report: https://www.annualcreditreport.com/index.action Find a personal finance advisor: http://moneytalks.mpbonline.org/episodes/money-talks-choosing-a-professional Update beneficiaries and passwords Review your tax situation ...
Dec 13, 2022•45 min
How can you support the non-profits in your community while on a budget? Our money topic today is about how to contribute to a charity without donating cash. The website: https://www.moneycrashers.com/help-support-charities-without-donating-money/ recently published an article suggesting ways to support charities without donating money. We’ll see what our experts think of the suggestions. Donate your car, truck, motorcycle, RV, or boat to the MPB Foundation by simply completing a form and someon...
Dec 06, 2022•44 min
Today, we’ll have the first of two broadcasts on giving. Next week we’ll discuss giving in ways that aren’t outright cash. As today is Giving Tuesday, we’ll discuss ways to give and how to select who to give your money two. We are also happy to take general personal finance questions. Our Mississippi Secretary of State’s office has a Charities list. Just go to their website: and click on Charities to search for a charity, file a complaint, start a charity, or read tips on donating. https://sos.m...
Nov 29, 2022•47 min
Will you be buying gifts during the next few days or weeks? Money Talks wants to help you be a more informed shopper by sharing some marketing and psychology tips that are used to get consumers to buy more. False Sense of Urgency The Decoy Affect Buying in Bundles The Instant Markdown Buy One Get One Nostalgia Installments No clocks or windows Shop layouts Eye-level shelves Unorganized clearance sections Loss leader Parasite placement Since fast-food restaurants want customers to come in, eat qu...
Nov 22, 2022•46 min
We have new information about inflation in America today. On Thursday the Bureau of Labor and Statistics released the Consumer Price Index for October. That number is how we measure inflation in our country. We’ll get our financial experts to give their opinion on what the new rate means for the future of prices. Hosted on Acast. See acast.com/privacy for more information.
Nov 15, 2022•46 min
Americans have been talking about inflation for over a year now. Whatever the cause this is our current reality. What can we do to protect our personal finances right now? We’ll see what our experts have to say. They also cover other money questions. Money: The True Story of a Made-Up Thing by Jacob Goldstein Tax info: https://www.irs.gov/ Email about what to invest in Inflation Hosted on Acast. See acast.com/privacy for more information....
Nov 08, 2022•45 min
Do you go for the cheapest version when you shop? Do you feel like expensive versions are better quality? Which to choose? Today we’ll discuss opinions on what you should splurge on and when basic is best. Rather than sift though the website Reddit for “is it worth it on not” information, we’ll be discussing contributors’ suggestions on when you should go back to basics or move up for quality for the best value for your money. https://www.boredpanda.com/cheap-version-better-than-luxury-version/?...
Nov 01, 2022•45 min
Mark your calendars folks – there are some important dates coming up: heath care enrollment dates, retirement contribution dates. All of these dates might have an impact on your personal finances. DEADLINE October 31st, 2022 Public Service Loan Forgiveness - The White House If you have worked in public service (federal, state, local, tribal government or a non-profit organization) for 10 years or more (even if not consecutively), you may be eligible to have all your student debt canceled. Now, f...
Oct 25, 2022•45 min
We’re currently in a period of high inflation right now. But how have the prices of specific items increased over the past decade? The past 50 years? Has anything gotten cheaper? We’ll look into the prices of homes, college, electronics and more on the show today. https://www.marketplace.org/2022/08/17/money-and-millennials-the-cost-of-living-in-2022-vs-1972/ https://better.com/content/how-much-home-prices-have-risen-since-1950/ https://www.valuepenguin.com/mortgages/historical-mortgage-rates A ...
Oct 18, 2022•44 min
Today’s an Open topic day – we discuss some issues in the news, student loan forgiveness, holiday shopping, and whatever you’d like to bring up. Contact us with your questions concerning retirement, the stock market, or what your money plans are for the year or decade. Student Loan forgiveness https://www.ed.gov/subscriptions https://www.npr.org/2022/09/29/1125923528/biden-student-loans-debt-cancellation-ffel-perkins https://content.govdelivery.com/accounts/USED/bulletins/32dfbda According to a ...
Oct 11, 2022•40 min
We’ve got a fun show for you today. It’s our drive time show. We’ll be sharing opinions on fees that are simply ridiculous to pay. In addition to saving you money, we’ll tell you how you can support Mississippi Public Broadcasting - For the Love of Mississippi. Thanks for listening to Money Talks on MPB Think Radio, and for choosing MPB as your station for news and ideas. It means a lot to us---and to the community at large---that a non-profit station like MPB can thrive in such a crowded media ...
Oct 04, 2022•41 min
We hope our listeners are familiar with some of the different types of financial institutions. Many in Mississippian aren’t. Many of us are un-banked. Money Talks going to talk about Credit Unions today with our guests from Hope Credit Union. Felicia Lyles, HOPE Senior Vice President of Retail Operations and Carrus King, HOPE Vice President and a Branch Manager of Hope Credit Union will tell us how they are trying to help educate Mississippians against predatory lending and the benefits of havin...
Sep 27, 2022•44 min
Who wouldn’t like an additional income stream! And if you can achieve this extra cash without working 9 to 5, all the better. Today we’ll be learning about passive income. It doesn’t mean “no hard work” just different work. Nancy also takes your financial questions. We’re getting our personal finance expert to give her opinion on a recent Bank Rate.com article on Passive Income Ideas. https://www.bankrate.com/investing/passive-income-ideas/ According to data from the U.S. Census Bureau, 20% of A...
Sep 20, 2022•45 min
We’ve got a new angle on Student Loans to discuss today – the canceling of student debt. What’s the difference between canceling and forgiveness? Who is eligible and when? What happens after your debt is wiped away? We’ll discuss the new student debt elimination programs between your other personal finance questions. President Biden's plan to forgive federal student loan debt – up to $20,000 for Pell Grant recipients and up to $10,000 for others who qualify was announce last month. Borrowers are...
Sep 13, 2022•44 min
We’ve got one of our long-time guests on the show today – Shawn Mercer, from the Social Security Administration. He’ll take your social security questions. Our expert hosts take your personal finance questions. https://www.ssa.gov/ What should I do if I get a call claiming there's a problem with my Social Security number or account? https://faq.ssa.gov/en-us/Topic/article/KA-10018 https://www.ssa.gov/myaccount/ That national phone number is 1-800-772-1213. Hosted on Acast. See acast.com/privacy ...
Sep 06, 2022•43 min
We love having theme shows on Money Talks – budgets, credit cards, new baby costs, cutting expenses. But sometimes, like today, we have an Open Topic show. Ask us anything. Today we’ll discuss vacation homes, bonds, CDs, and anything else you’d like to ask our experts. According to a study by Porch dot com, Jackson is the 8th best midsize college town for student renters according to a weighted average for off-campus room and board cost. https://porch.com/advice/best-college-towns-for-student-re...
Aug 23, 2022•45 min
Tax evasion is the failure to pay or a deliberate underpayment of taxes. Tax avoidance is an action taken to lessen tax liability and maximize after-tax income. We’ll be discussing ways to avoid taxes legally and give some tax-efficient investing tips. Our experts also take your other personal finance questions. The Senate passed Inflation reeducation Act of 2022 allocates approximately 124 billion dollars for IRS tax enforcement. https://www.democrats.senate.gov/imo/media/doc/inflation_reductio...
Aug 16, 2022•43 min
When you add a child to your family you add joy and happiness and extra expenses. What costs can you control? Which costs are flexible? We’ll talk about the extra costs of impending parenthood. We also can take your other personal finance questions. New Legislation: While adoption can be expensive, it doesn’t have to be. In fact, many parents adopt children at little or no cost through the Mississippi foster care system. Expenses totaling $1,000 to $5,000 can be subsidized or reimbursed. https:/...
Aug 09, 2022•41 min
We’ve got two sides of the same coin today: what to do with inherited items you don’t want and also how acquire things you need when you’re on a budget. We’ll discuss ways to get rid of material items if you are trying to downsize and how to accumulate, inexpensively, household objects you may need. Useful websites: https://www.gobankingrates.com/saving-money/home/why-still-wasting-money-storage-units/ https://dengarden.com/cleaning/Stuck-with-Your-Parents-Stuff https://www.legalzoom.com/article...
Aug 02, 2022•47 min
We’ve had previous shows talking about cutting expenses. Today’s tips will be ways to use the internet and apps to help you save money. Money that you could then use to invest or pay off debt. Our suggestions are inspired by AARP https://www.aarp.org/money/budgeting-saving/info-2022/99-great-ways-to-save.html The 2022 Mississippi Sales Tax Holiday takes place between 12:01 A.M. Friday, July 29, 2022 and 12:00 Midnight Saturday, July 30, 2022. We’ll have a link to the Department of Revenues guide...
Jul 26, 2022•49 min
We’d all love to have more money to invest. Before you can find ways to get your money to grow, you have to save money. Budgeting can help you do that. If you need a little help writing out a plan to spend your money each week, this is the show for you. Instead of a "Budget" call it a "Monthly Spending Plan" if that helps you feel better. We spend a bit of the show discussing Inflation in addition to budgets (and Kevin's savings account interest rate). The 2022 Mississippi Sales Tax Holiday take...
Jul 19, 2022•50 min
With identity and data theft on the rise, we’d like to suggest what you can do now and if you are informed of a data breach. Discussion: Ida on the economy COVID on the economy how to get a credit report what will they ask why freeze creating new credit after you freeze your credit if your credit report is wrong check your Social Security Information at ssa.gov You might not be able to keep your data from being stolen but we’ve got tips on what to do if it is. These are tips anyone can use to pr...
Jul 13, 2022•49 min
Credit card debt is on the rise. We give some cautionary advice and answer your questions. What do you need to be careful about when using credit cards? Is our situation right now typical? We answer debt or other personal finance questions. Current stock market Bonds Private loads can not be converted to Federal Student Loans Credit Cards podcast - 08/08/2020 http://moneytalks.mpbonline.org/episodes/money-talks-credit-cards Free things podcast - 02/09/2021 http://moneytalks.mpbonline.org/episode...
Jul 05, 2022•50 min
According to the Mississippi State Treasurer’s office, the average Mississippi student graduates college with $30,000 worth of debt. Also, 30% of these graduates are reporting delaying major life milestones (getting married, buying a house or car, and even having kids!) We'll discuss and answer questions about student loans. Blog post that the New Perspectives interns wrote that ties in with the episode of Money Talks about mortgages: https://newper.blogspot.com/2022/06/heloc-vs-cash-out-refinan...
Jun 28, 2022•49 min
Our guest for the show today is Adam Black, Senior Mortgage Loan Specialist with First Commercial Bank. We’ll talk about getting a home loan in today’s climate. Are you considering buying a home or refinancing? https://www.firstcommercialbk.com/ S&P Case-Shiller home price index recent history of mortgages length of time types credit score down payment shopping for a mortgage 7/14/2020 Money Talks: First Mortgage http://moneytalks.mpbonline.org/episodes/money-talks-first-mortgage 6/11/2019 M...
Jun 21, 2022•49 min
This show isn’t really intended to teach kids about money but today we’ll try to help YOU teach your kids and grandkids about money. We’ll discuss what they need to know at various ages. We’ll also take your “grown-up” money questions. New Perspectives Blog https://newper.blogspot.com/ https://www.consumerfinance.gov/consumer-tools/money-as-you-grow/ 20 Things Kids Need To Know To Live Financially Smart Lives http://moneyasyougrow.org/ Kids aged 3-5 need to know: You need money to buy things. Yo...
Jun 14, 2022•49 min
