Ready to make 2025 your best financial year yet? The Friends Talk Money team is here to help! Join Terry, Rich, and Pam as they break down 9 essential tips to set yourself up for financial success in the new year. Unlock Your Financial Future - Begin by consolidating all your year-end IRA statements and harness the power of an online RMD calculator to determine your 2025 minimum distributions. This crucial step ensures you’re setting aside the right amount for a secure future. Refresh Your Recor...
Dec 13, 2024•27 min•Transcript available on Metacast It’s that time of year again! The Friends Talk Money team dives into charitable giving. There are many benefits to contributing to your favorite charity. The conversation is about the tax and personal benefits of giving. But how do you choose the right charities, align donations with your values, and maximize tax savings? Terry, Rich, and Pam share tips on vetting charities and questions to ask your financial advisor. Tune in and join the conversation!
Nov 25, 2024•32 min•Transcript available on Metacast Ready to unlock the secrets to a fulfilling retirement? It’s the most talked-about retirement book in decades! Join the Friends Talk Money team as they chat with retirement expert and best-selling author, Christine Benz! Christine shares some insights on what truly makes retirees happy, how to navigate healthcare choices and the impact of social security on your budget. Plus, you’ll hear what Christine says about getting a second pair of eyes from a qualified financial advisor can provide you pe...
Nov 08, 2024•45 min•Transcript available on Metacast Medicare open enrollment starts now, and this year things could get a little tricky. Good news! We have three of the country’s top Medicare experts co-hosts, Richard & Terry right here, and we’re joined by Medicare special guest, Philip Moeller, author of Get What’s Your’s for Medicare . Phil walks us through some of the most confusing new changes and offers some helpful tips to avoid costly mistakes. Don’t wait to make changes! Have you reviewed your plan options yet?...
Oct 11, 2024•45 min•Transcript available on Metacast A growing number of people 55+ are searching for a deeper meaning and purpose in your life, and heading back to college to find it. And many prestigious colleges and universities are offering specialized programs designed just for those new ‘senior students’. These midlife and later-life reinvention courses are flourishing nationwide, with exciting new opportunities launching soon at Yale, the University of Southern California, and Boston College. Tune in to this week’s episode as the Friends Ta...
Sep 20, 2024•20 min•Transcript available on Metacast Your home is more than just a roof over your head; it’s a treasure trove of memories and emotions. As you consider your estate planning, it’s essential to think about how to pass this cherished asset on to your heirs. The Friends Talk Money team dives into the heart of estate planning and explores all your options for your most emotional asset—your home. Whether you want to keep it in the family, sell it, or create a trust, we’re here to guide you through those tough decisions.
Sep 04, 2024•24 min•Transcript available on Metacast As more retirees seek to reenter the workforce, it is crucial to know how to position yourself for success in today's competitive job market. In this episode, the Friends Talk Money team shares valuable insights on updating your resume effectively. With years of experience in your industry, focus on maintaining a concise and impactful resume. Highlight your achievements with quantifiable metrics and incorporate relevant keywords to make your resume stand out to potential employers. Listen to lea...
Aug 20, 2024•25 min•Transcript available on Metacast On the latest episode of Friends Talk Money, the crew sits down with IRA and Tax Guru Ed Slott to dive deep into all things retirement savings.
Jul 23, 2024•51 min•Transcript available on Metacast Expert Brian Gordon explains how a recent law created a clever new way to pay for premiums in case you ever need long-term care.
Jul 01, 2024•43 min•Transcript available on Metacast Taking care of loved one’s with special needs can be incredibly overwhelming, especially if you’re going at it alone. That’s why it’s so important to know where to turn for help. Mary Anne Ehlert, founder of Protected Tomorrows, recently joined the Friends Talk Money team to share her personal experience as a caregiver to her own sister with special needs. Mary Anne shed light on the complexities and amount of work required to financially care for someone who cannot earn an income of their own. ...
Jun 28, 2024•38 min•Transcript available on Metacast The Friends Talk Money team is joined by Alexandra Armstrong, CFP®, CRPC® who is the chairman and founder of Armstrong, Fleming & Moore, Inc. Alex has worked in the investment field for more than 40 years and back in 1977, was the first person to earn the Certified Financial Planner™ certification in Washington, DC. On this episode, Alex discusses her book On Your Own , a widows guide to emotional and financial well-being and offers useful advice to those who are struggling with becoming a widow...
Jun 21, 2024•29 min•Transcript available on Metacast Our next special guest has undeniably made the most significant impact on your retirement savings strategy. In this episode, the Friends Talk Money team sits down with Ted Benna, the father of the 401(k) plan. Ted shares the fascinating story of how he conceived this groundbreaking idea, navigated the IRS approval process, and gives us a glimpse into his current projects.
May 06, 2024•44 min•Transcript available on Metacast New Social Security Commissioner Cuts Clawbacks!
Mar 28, 2024•45 min•Transcript available on Metacast There's nothing more painful than losing your job when you're older and not being able to get a new one. Research says there's a stigma about "older unemployment" - especially when it drags on for more than a year! Meet Ben who is going through that right now. He remains optimistic, but details the hazards -- even for those in technology -- when a job disappears. Some helpful perspective for you - or someone you might know and love.
Mar 25, 2024•35 min•Transcript available on Metacast The price of prescription drugs can be enormous when you're on Medicare, so in this Friends Talk Money episode, we offer advice on how to pay the least for your medications. With help from expert Diane Archer of JustCareUsa, we discuss when to use your Medicare Part D plan, what to know about prescription discount cards and programs from drug companies and states that can lower your prescription costs.
Mar 08, 2024•23 min•Transcript available on Metacast You're probably familiar with financial literacy, which entails having the skills, knowledge and behaviors to make decisions about money. But how's your longevity literacy? Not sure what we're talking about? In this episode Pam, Terry and Richard break down longevity literacy, and explain the impact, especially when it comes to your retirement readiness. Guest expert, Surya Kolluri , who is the head of the TIAA Institute joins the Friends Talk Money crew to uncover the importance behind longevit...
Feb 23, 2024•34 min•Transcript available on Metacast In this episode Pam, Terry and Richard talk about what’s likely to be the most important financial decision you’ll ever make… what to do with your 401(k) money when you’re ready to retire? The Department of Labor says any retirement advice you get a work should always be in your best interest. The question is… is it? Pam leads the discussion about the DOL’s new proposed Fiduciary Rule and includes special guest Kevin Walsh of Groom Law Group and break down why the DOL’s so worried.
Feb 08, 2024•30 min•Transcript available on Metacast Advice on lowering your debt load and credit card rates, plus pros and cons of filing bankruptcy. With Bruce McClary, Senior Vice President of Media Relations & Membership at the National Foundation for Credit Counseling....
Jan 17, 2024•43 min•Transcript available on Metacast Retiring abroad can be appealing, with lower costs and great weather. But here are some things you also need to consider before making a move.
Jan 09, 2024•27 min•Transcript available on Metacast In this episode, the Friends Talk Money team discusses how you can help set up your grandchildren for financial success beyond the traditional 529 college saving plans. Tune in as Pam, Richard and Terry share helpful tips and savvy money strategies that they’ve learned from their own personal experiences.
Dec 28, 2023•30 min•Transcript available on Metacast The rules for RMDs have changed and you will want to know how much you must take out of your retirement plans and when. We explain it all on this episode of Friends Talk Money, including year-end advice.
Dec 07, 2023•28 min•Transcript available on Metacast The Friends Talk Money podcasts talk about why many of us aren't bestowing inheritances to heirs the right way and not helping our parents make inheritances properly. We also talk about how financial advisers could be more helpful to families so they handle inheritances wisely.
Nov 28, 2023•31 min•Transcript available on Metacast Social Security is clawing back $21 billion in mistaken overpayments — impacting retirees and the disabled. Terry Savage and Larry Kotlikoff have written a new book —Social Security Horror Stories— revealing the shocking abuse. Last weekend they were featured on CBS - Sixty Minutes speaking with Anderson Cooper about this issue. In this episode, Larry joins Terry, Pam and Richard to take a deeper dive into problem and what you should do to ensure you get what’s rightfully yours.
Nov 08, 2023•42 min•Transcript available on Metacast What to know about Medicare Open Enrollment for 2024. What’s new and how to shop wisely for coverage.
Oct 20, 2023•35 min•Transcript available on Metacast Not everyone looks at their personal financial future through rose colored glasses. In fact a recent Gallup poll shows Americans not yet retired are more worried than anytime in the past ten years. Discouraged savers who see the glass-half-empty may actually need different financial strategies just based on their outlook. We give you solid financial planning tips that can make your outlook.
Sep 27, 2023•28 min•Transcript available on Metacast Learn how to lower your repayments and cut years off your loan payments w attorney and expert Rae Kaplan . Student Loan Sticker Shock By Terry Savage Federal Student Loan Debt Relief...
Sep 11, 2023•43 min•Transcript available on Metacast Roger AKA, "The Retirement Answer Man” and author of “Rock Retirement: A Simple Guide to Help You Take Control and Be More Optimistic About the Future,". Roger has been a CERTIFIED FINANCIAL PLANNER™ professional for more than 25 years. He’s sharing how he’s now helping people live well today in retirement without sacrificing tomorrow.
Aug 07, 2023•41 min•Transcript available on Metacast In this episode, Friends Talk Money co-hosts Pam Krueger, Richard Eisenberg and Terry Savage discuss what Medicare does and doesn't cover when it comes to treatments for Alzheimer's Disease and drugs for weight loss. A recent FDA decision means Medicare will be covering a new, game-changing Alzheimer's drug for many people 65 and older, but there are some strings attached. By contrast, Medicare currently won't pay for drugs to lower weight, although it will pay for weight-loss surgery in some ca...
Jul 10, 2023•28 min•Transcript available on Metacast In this Friends Talk Money episode, college financing expert Mark Kantrowitz talks with our hosts Terry Savage, Pam Krueger and Richard Eisenberg on how grandparents can use 529 plans to save for their grandchildren’s’ college tuition bills.
Jun 27, 2023•37 min•Transcript available on Metacast A guide to who should consider buying a long-term care insurance policy, what these policies do and don't cover, what age to consider buying it and the newer versions known as hybrid policies and 10-Pay policies. Our guest: Brian Gordon, a long-term care insurance policy expert with Gordon Associates in Bannockburn, Ill.
Jun 09, 2023•35 min•Transcript available on Metacast