Money Talks

Our guest today is Dr. Rebecca Campbell Smith, associate professor with the MSU Extension Service. Dr. Smith works with the Extension Center for Economic Education and Financial Literacy.http://extension.msstate.edu/Family finanical management websiteThe Healthy, Wealthy and Wise Program is designed to motivate adults to improve financial health and increase wealth by reducing debt, increasing savings and gaining confidence in the ability to make wise financial decisions.When Your Income Drops If your family suffers loss of income, try to remain calm and don’t waste time and energy blaming yourself. Instead, take control of the situation by doing the best you can with the resources available to your family.Managing Personal Finances During COVID-19: This toolkit provides information and resources to help individuals and families stabilize and improve their financial well-being as they weather loss of income and declining asset values. It is also intended to help consumers protect themselves now and position themselves for a stronger financial future.Other pamphlets and videos include: Basic Money ManagementCreditDisaster ReliefEstate and Finanical PlanningFraud and Identity TheftHousing and HomebuyerVolunteer Money MentorsYouth Finanical LiteracyCalls:stimulus taxable?kids and stimulusunemploymentdependent and stimuluslandlord helpsocial security and stimulusHow To Get Your Second Stimulus Payment Direct Deposited To Your Bank Account - a Forbes articleCongress has agreed to a roughly $900 billion economic relief package that includes a second round of stimulus payments.The second stimulus payment will be:A onetime stimulus payment of $600 for each individualA onetime stimulus payment of $1,200 for married or joint filersA onetime stimulus payment of $600 for dependents age 16 and underIn order to qualify for the second stimulus payment, you will need to have earned (in 2019) less than $75,000 (for individuals) or $150,000 (for married/joint filers). If your income is higher than those limits, then the stimulus payment is reduced by 5% of your adjusted gross income above those limits. This was the formula and income threshold under the first stimulus payment bill.

Our experts are Dr. Nancy Lottridge-Anderson, President of New Perspectives and Ryder Taff, portfolio manager at New Perspectives. Nancy and Ryder are both Chartered Financial Analysts and Ryder also holds the Certificate in Investment Performance Measurement from the CFA Institute. https://www.newper.com/Blog: Leaving Money on the Table https://newper.blogspot.com/2020/12/leaving-money-on-table.htmltalking about when to take social security.Social Security https://www.ssa.gov/My Social Security https://www.ssa.gov/myaccount/Money Talks Social Security Podcast: http://moneytalks.mpbonline.org/episodes/money-talks-social-security-decemberMoney Talks on You Tube on the MPB Think Radio ChannelFrugal Fit Mom’s video called 132 meals for $42The Minimal Mom channel has a video called 57 Things We Don’t Buy AnymoreBlog: What Were We Thinking ?!? https://newper.blogspot.com/2020/10/reading-along-with-ryder-part-5-what.htmlDuring these times of COVID-19, accessing your credit is important. That's why Equifax, Experian, and TransUnion are now offering free weekly online reports through April 2021. https://www.annualcreditreport.com/FICO videos https://www.fico.com/en/sabf/resourcesBlog: Credit Score Questions https://newper.blogspot.com/2020/12/credit-score-questions.htmlWebinare video: https://vimeo.com/489583454 Password: ^0u?Rmg% Thank you Mississippi Council for Economic Education https://mscee.org/If you get your credit score from Credit Karma, you’re probably getting a Vantage Score not a FICO Score. Different credit lending institutions look at different scores issued by scoring bureaus. Besides those two agencies, there are about a dozen more credit scoring agencies.Blog: How to Give https://newper.blogspot.com/2020/09/how-to-give.htmlMoney Talks Community Foundation podcast: http://moneytalks.mpbonline.org/episodes/money-talks-community-foundationsCalls:401K pandemic taxesssa - which years do they use?email - top earningsssa - older workerstransfering money and spam emails http://moneytalks.mpbonline.org/episodes/money-talks-transferring-cash-encoressa - expired checkemail - PERS http://moneytalks.mpbonline.org/episodes/money-talks-pers

We’ve all been invited to a webinar. FICO – the credit score company – and the Mississippi Council on Economic Education has teamed up to teach us about our credit score and allow each of us to sign up for free one on one counseling from a local non-profit credit counselor.The invited guest speaker is Congressman Bennie Thompson -US Representative for our 2nd district. https://www.fico.com/sabf?utm_source=social&utm_medium=social_SABF&utm_campaign=jackson_partnersAfter you register, you’ll get the link to the webinar, which will be held from noon to 1:15pm Wednesday Dec. 9th, 2020.Our guest, Shawn Mercer - District Manager for Social Security, takes your call and emails. ssa.govscam phone callsssa.govretirment estimatormy social securityDon't carry your card with you!Use the "office locator" on ssa.gov to get your local ssa phone numberdisability claims and medicare sign upCalls and emails:structured investmentsoptimal time to retireestimated benefitchange namegiving out your social security numbermore name changecollecting social security and workingchanging name backmedicare

On Giving Tuesday, our guest is: Keith Fulcher, president of the Community Foundation for Northwest Mississippi https://cfnm.org/ Find out more on their YouTube Channel: https://www.youtube.com/user/CFNM2002/videosWe learned what a community foundation is and who the CFNM serves (eleven Mississippi counties: Bolivar, Coahoma, DeSoto, Leflore, Marshall, Panola, Quitman, Sunflower, Tallahatchie, Tate and Tunica)Other community foundations in the area:Community Foundation of East Mississippi: five county area, Lauderdale, Kemper, Neshoba, Newton and Clarke.https://www.cfem.org/The Gulf Coast Community Foundation: South Mississippi.https://www.mgccf.org/West Point Community Foundationhttp://www.wpnet.org/index.php/community/community_foundationCREATE Foundation serves Northeast MS: Alcorn, Benton, Calhoun, Chickasaw, Clay, Itawamba, Lafayette, Lee, Lowndes, Marshall, Monroe, Oktibbeha, Pontotoc, Prentiss, Tippah, Tishomingo and Union counties.https://createfoundation.com/Pinebelt Foundation https://www.pinebeltfoundation.org/Community Foundation of Greater Jackson become the Community Foundation of Mississippi https://formississippi.org/Community Foundation of Greater Memphis serves Eastern AR; Northern MS; Western TN https://www.cfgm.org/Listen and learn how the donations are managed, what a donor-estabished fund is, how to establish a scholarship fund, and what charities CFNM provides assistance. If you would like to financially support Mississippi Public Broadcasting, reach out to the MPB Foundation and find out how at https://www.mpbfoundation.org/

Our experts from New Perspectives discuss with our MPB host ways to cut expenses from your life.First: start by tracking your spending habits.Next, get on a budget.When looking to cut expense, re-evaluate your subscriptions.Utility and specifically electric use are large portions of the average household budget. The food budget is usually a pretty big part of a budget. If you’re looking to cut expenses, make it harder to spend money.( didn’t get to: Your insurance payments may be taking up more of your budget than needed.Sometimes cutting expenses means more drastic measures.Look at housing costsSometimes vices or bad habits are putting a drain on your wallet.A very drastic measure to save money might be have a family member live somewhere else – such as a pet. Also look at gift giving options, organized children’s activities, and personal grooming.)Websites to look at:https://www.debt.org/blog/how-to-cut-expenses/https://www.thesimpledollar.com/save-money/trimming-the-fat-forty-ways-to-reduce-your-monthly-required-spending/

Guest: Charles Mortimer, Owner/Manager at Windsor Properties of MississippiHow to make money from real estate?How to include property in your investment portfolio?Home ownershipRental propertiesFlipping housesReal Estate Investment GroupsReal Estate TrustsOnline Real Estate platforms