07/07/2020

Guest Shawn Mercer, Regional Manager with the Social Security Administration is our guest. Calls dealt with:<ul><li>payroll tax</li><li>end of life documents needed</li><li>do earning affect benefit</li><li>disability and civil service benefits</li><li>benefits</li><li>medicare</li><li>taxes</li><li>email with myssa</li></ul> Social Security Administration handles:<ul><li>Retirement insurance</li><li>Survivors insurance</li><li>Disability insurance</li><li>Hospital and medical insurance for the aged, the disabled, and those with end-stage renal disease</li><li>Prescription Drug Benefit</li><li>Extra help with Medicare Prescription Drug Costs</li><li>Supplemental Security Income</li><li>Special Veterans Benefits</li><li>Unemployment insurance</li><li>Public assistance and welfare services</li></ul> At <a href="ssa.gov" rel="noopener noreferrer" target="_blank">ssa.gov</a> yo can:<ul><li>apply for retirement, disability, and Medicare benefits online</li><li>check the status of an application or appeal</li><li>request a replacement Social Security card (in most areas)</li><li>print a benefit verification letter</li><li>and more – from anywhere and from any of your devices!</li></ul>Social Security employees will never threaten you for information or promise a benefit in exchange for personal information or money. For more information click on the top of the <a href="ssa.gov" rel="noopener noreferrer" target="_blank">ssa.gov</a> webpage. <a href="https://twitter.com/SocialSecurity" rel="noopener noreferrer" target="_blank">https://twitter.com/SocialSecurity</a> <a href="https://www.facebook.com/socialsecurity/" rel="noopener noreferrer" target="_blank">https://www.facebook.com/socialsecurity/</a> <a href="https://blog.ssa.gov/" rel="noopener noreferrer" target="_blank">https://blog.ssa.gov/</a>

Money Talks: Social Security 2020

12/01/2020

On Giving Tuesday, our guest is: Keith Fulcher, president of the Community Foundation for Northwest Mississippi <a href="https://cfnm.org/" rel="noopener noreferrer" target="_blank">https://cfnm.org/</a> Find out more on their YouTube Channel: <a href="https://www.youtube.com/user/CFNM2002/videos" rel="noopener noreferrer" target="_blank">https://www.youtube.com/user/CFNM2002/videos</a> We 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:<ul><li>Community Foundation of East Mississippi: five county area, Lauderdale, Kemper, Neshoba, Newton and Clarke.&nbsp;<a href="https://www.cfem.org/" rel="noopener noreferrer" target="_blank">https://www.cfem.org/</a></li><li>The Gulf Coast Community Foundation: South Mississippi.<a href="&nbsp;https://www.mgccf.org/" rel="noopener noreferrer" target="_blank">&nbsp;https://www.mgccf.org/</a></li><li>West Point Community Foundation&nbsp;<a href="http://www.wpnet.org/index.php/community/community_foundation" rel="noopener noreferrer" target="_blank">http://www.wpnet.org/index.php/community/community_foundation</a></li><li>CREATE Foundation serves Northeast MS: Alcorn, Benton, Calhoun, Chickasaw, Clay, Itawamba, Lafayette, Lee, Lowndes, Marshall, Monroe, Oktibbeha, Pontotoc, Prentiss, Tippah, Tishomingo and Union counties.&nbsp;<a href="&nbsp;https://createfoundation.com/" rel="noopener noreferrer" target="_blank">&nbsp;https://createfoundation.com/</a></li><li>Pinebelt Foundation <a href="https://www.pinebeltfoundation.org/" rel="noopener noreferrer" target="_blank">https://www.pinebeltfoundation.org/</a></li><li>Community Foundation of Greater Jackson become the Community Foundation of Mississippi <a href="&nbsp;https://formississippi.org/" rel="noopener noreferrer" target="_blank">&nbsp;https://formississippi.org/</a></li><li>Community Foundation of Greater Memphis serves Eastern AR; Northern MS; Western TN <a href="https://www.cfgm.org/" rel="noopener noreferrer" target="_blank">https://www.cfgm.org/</a></li></ul> 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 <a href="https://www.mpbfoundation.org/" rel="noopener noreferrer" target="_blank">https://www.mpbfoundation.org/</a>

Money Talks: Community Foundations

11/24/2020

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:<a href="https://www.debt.org/blog/how-to-cut-expenses/" rel="noopener noreferrer" target="_blank">https://www.debt.org/blog/how-to-cut-expenses/</a><a href="https://www.thesimpledollar.com/save-money/trimming-the-fat-forty-ways-to-reduce-your-monthly-required-spending/" rel="noopener noreferrer" target="_blank">https://www.thesimpledollar.com/save-money/trimming-the-fat-forty-ways-to-reduce-your-monthly-required-spending/</a>

Money Talks: Cutting Expenses

11/17/2020

Guest: Charles Mortimer, Owner/Manager at Windsor Properties of Mississippi How to make money from real estate?How to include property in your investment portfolio? <ul><li>Home ownership</li><li>Rental properties</li><li>Flipping houses</li><li>Real Estate Investment Groups</li><li>Real Estate Trusts</li><li>Online Real Estate platforms</li></ul>

Money Talks: Real Estate Investment

11/10/2020

Our experts from New Perspectives <a href="https://www.newper.com/" rel="noopener noreferrer" target="_blank">https://www.newper.com/</a> help us learn all about CDs.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. <ul><li>What is a CD?</li><li>When is opening a CD a good idea?</li><li>Is a 6-month CD at one institution identical to another?</li><li>Where can you buy one?</li><li>What’s the minimum or maximum for putting money into a CD?</li><li>Do you earn a higher rate of return if you put in more money?</li><li>Do CDs ever “go on sale”?</li><li>How safe are CDs?</li><li>Can you ever get out of a CD early?</li><li>What are: Bump-up, Add-on, No penalty, Jumbo, IRA, and Callable CDs?</li></ul>

Money Talks: CDs

11/03/2020

Open Topic November! What's in the News: If you haven’t received the first and so far only Economic Impact payment: November 21 at 3 p.m. ET Deadline to Request Your Economic Impact PaymentIf you&nbsp;did not:<ul><li>file a 2019 federal tax return,</li><li>get an Economic Impact Payment,</li><li>register for an Economic Impact Payment already.</li><li>If that is you then, use&nbsp;<a href="https://www.irs.gov/coronavirus/non-filers-enter-payment-info-here" rel="noopener noreferrer" target="_blank">Non-Filers: Enter Payment Info</a>&nbsp;by&nbsp;November 21&nbsp;to register for your payment.</li><li>Social Security, Railroad Retirement and Department of Veteran Affairs benefit recipients who already received a $1,200 payment now have until November 21 to register for a payment for their spouse or qualifying child.</li></ul> You will receive an additional $500 Payment for each qualifying child you claimed on your tax return being used to calculate your Payment. Here's the criteria you should consider:<ul><li>Relationship to the individual who is eligible for the Payment:&nbsp;The child is the son, daughter, stepchild, eligible foster child, brother, sister, stepbrother, stepsister, half-brother, half-sister, or a descendant of any of them (for example, grandchild, niece, or nephew).</li><li>Child's age:&nbsp;The child was under age 17 at the end of the taxable year.</li><li>Dependent of the individual who's eligible for the Payment:&nbsp;The child is claimed as a dependent on the 2018 or 2019 tax return or entered on the Non-Filers: Enter Payment Info Here tool.</li><li>Child's citizenship:&nbsp;The child is a U.S. citizen, U.S. national, or U.S. resident alien.</li><li>Child's Residency:&nbsp;Child must have lived with the individual eligible for the Payment for more than half the tax year.</li><li>Support for Child:&nbsp;Child must not provide over half of own support for the tax year.</li><li>Child's taxpayer identification number:&nbsp;The child has a valid work eligible Social Security number or an Adoption Taxpayer Identification Number (ATIN) that was issued before July 15, 2020.</li></ul><a href="https://www.irs.gov/coronavirus/economic-impact-payment-information-center" rel="noopener noreferrer" target="_blank">https://www.irs.gov/coronavirus/economic-impact-payment-information-center</a> For Election Day, you can get:<ul><li>A free glazed doughnut at Krispy Kreme along with a special voting sticker while supplies last Tuesday. </li><li>Planet Fitness is offering a way to work off the stress of the election with a free workout and massage Tuesday through Nov. 8.</li><li>Uber and Lyft also are offering discounted rides to the polls.</li><li>DoorDash: The on-demand delivery app will have free delivery on all orders with a $15 minimum placed on Election Day with promo code VOTE</li><li>Starting Tuesday and through Nov. 9, McDonald's is giving away its new pastry items with the purchase of a hot or iced coffee through its app.</li><li>Get free delivery Tuesday on Grubhub orders over $25.</li><li>Shake Shack: Poll workers get a free sandwich including the Shackburger and the Chick’n Shack from Sunday through Election Day with proof of badge.</li></ul><a href="https://www.usatoday.com/story/money/food/2020/11/03/voters-freebies-poll-workers-deals-election-day-2020/6090281002/" rel="noopener noreferrer" target="_blank">https://www.usatoday.com/story/money/food/2020/11/03/voters-freebies-poll-workers-deals-election-day-2020/6090281002/</a> We discussed buying coconut mild picked by monkeys. <a href="https://www.usatoday.com/story/money/food/2020/10/28/coconut-milk-chaokoh-monkey-labor-peta-costco-walgreens/5918418002" rel="noopener noreferrer" target="_blank">https://www.usatoday.com/story/money/food/2020/10/28/coconut-milk-chaokoh-monkey-labor-peta-costco-walgreens/5918418002</a>/ According to an article on CNN:The S&amp;P 500 fell 0.04% between July 31 and October 31. That means the market forecasts -- by a hair -- that Joe Biden will win, according to CFRA Research's Presidential Predictor.The stock market has a fairly reliable track record: Since World War II, when the S&amp;P 500 fell in the three months leading up to the November vote during a presidential election year, the incumbent president or party of the outgoing president has lost the election 88% of the time.<a href="https://www.cnn.com/2020/11/01/investing/stock-market-joe-biden-donald-trump-election/index.html" rel="noopener noreferrer" target="_blank">https://www.cnn.com/2020/11/01/investing/stock-market-joe-biden-donald-trump-election/index.html</a> The Governor’s Job Fair, a division of The Mississippi Department of Employment Security has some job fairs coming up.<ul><li>2020 I-59 Drive-Thru Job Fair Begins:9:00 am until 3pm on November 5, 2020 at Magnolia Center Fairgrounds Parking Lot, 1459 Ellisville Blvd, Laurel, MS <a href="https://www.jobfairs.ms.gov/node/58" rel="noopener noreferrer" target="_blank">https://www.jobfairs.ms.gov/node/58</a></li><li>2020 Mississippi Drive-Thru Job Fair Begins:9:00 am until 3pm on November 10, 2020 at&nbsp;Trustmark Park Parking Lot, 1 Braves Blvd, Pearl, Mississippi <a href="https://www.jobfairs.ms.gov/node/60" rel="noopener noreferrer" target="_blank">https://www.jobfairs.ms.gov/node/60</a>&nbsp;&nbsp;</li><li>2020 Gulf Coast Drive-Thru Job Fair Begins:9:00 am until 3pm on November 12, 2020 at Edgewater Mall Parking Lot, 2600 Beach Blvd, Biloxi, Mississippi&nbsp; <a href="&nbsp;https://www.jobfairs.ms.gov/node/59" rel="noopener noreferrer" target="_blank">&nbsp;https://www.jobfairs.ms.gov/node/59</a></li></ul> <ul><li>The Madison County Economic Development Authority has announced UPS will be building a new $28.6 million distribution facility in Ridgeland starting in early 2021 and is expected to bring more than 160 new jobs to the area with an average annual salary of $57,000. Those interested in applying for a position at the new facility can visit <a href="www.upsjobs.com." rel="noopener noreferrer" target="_blank">www.upsjobs.com.</a></li><li>Amazon is prepping for another facility in Mississippi, this time in Madison County. The development marks the fourth investment by the company in Mississippi in just over two years. In July, Amazon announced hiring more than 500 new, full-time positions at its fulfillment center in Olive Branch, MS. Interested candidates applied online at <a href="www.amazon.com/missjobs" rel="noopener noreferrer" target="_blank">www.amazon.com/missjobs</a> The full-time jobs started at $15 an hour with comprehensive benefits starting on day one.</li><li>Home furniture maker Fusion Furniture has announced a new manufacturing plant in Mississippi. Between 150 and 180 new jobs will added. Production was to begin yesterday. Starting pay for experienced woodworkers and upholsters will be $21 an hour and all positions come up with benefits.&nbsp;</li></ul><a href="https://www.clarionledger.com/story/business/2020/10/29/ups-build-28-6-million-facility-ridgeland-create-160-jobs/6071327002/" rel="noopener noreferrer" target="_blank">https://www.clarionledger.com/story/business/2020/10/29/ups-build-28-6-million-facility-ridgeland-create-160-jobs/6071327002/</a><a href="https://www.localmemphis.com/article/money/business/amazon-to-hire-500-full-time-workers-in-olive-branch-mississippi/522-ef9dcf55-4c88-4d2c-a05b-636bd2849ab4" rel="noopener noreferrer" target="_blank">https://www.localmemphis.com/article/money/business/amazon-to-hire-500-full-time-workers-in-olive-branch-mississippi/522-ef9dcf55-4c88-4d2c-a05b-636bd2849ab4</a><a href="https://www.woodworkingnetwork.com/news/woodworking-industry-news/fusion-furniture-adds-200000-sq-ft-facility-150-jobs" rel="noopener noreferrer" target="_blank">https://www.woodworkingnetwork.com/news/woodworking-industry-news/fusion-furniture-adds-200000-sq-ft-facility-150-jobs</a>

Money Talks: November Open Topic

10/27/2020

Listeners discussed: <ul><li>how to choose an advisor <a href="http://moneytalks.mpbonline.org/episodes/money-talks-choosing-a-professional" rel="noopener noreferrer" target="_blank">http://moneytalks.mpbonline.org/episodes/money-talks-choosing-a-professional</a></li><li>Why she didn't shop at a particular store</li><li>What is fiduciary</li><li>consumer economy</li><li>climate change</li><li>thank you</li><li>fair trade</li><li>anuity</li></ul> Do you think about this before you make purchaes:<ul><li>Environmental impact of what you buy – single use vs reusable</li><li>Impact of what it’s made from – petroleum products vs made from recycled materials</li><li>Impact of how it’s made – child labor vs army labor vs well paid workers</li><li>Where’s it’s made – USA vs over seas</li><li>Packaging – incased in disposable material vs bulk and bring your own container</li><li>Company that makes the product – social philosophy of CEO, politicians they endorse</li><li>Treatment of animals – made of or tested on</li><li>Are you willing to pay more for one item over another based-on Ethics?</li><li>Want vs need. Are you buying on purpose or out of habit? </li><li>Money stays with you or goes to a company that you may not agree with their philosophy</li><li>Rather than “buying” things new buy: Secondhand, Swap, Trade, Repurpose to minimizes the amount of junk that makes its way into landfills, minimizes the number of new items being produced and minimizes your own expense. <a href="http://moneytalks.mpbonline.org/episodes/5cd31f1533f6c1be55607d58" rel="noopener noreferrer" target="_blank">http://moneytalks.mpbonline.org/episodes/5cd31f1533f6c1be55607d58</a></li><li>Will I use social media or tell my family why I choose one company over another to encourage them if they share your beliefs</li></ul> Suggestions:<ul><li>Focus on the business you use most frequently – where do you spend the most money? Learn about that company / organization</li><li>3 Tips to help you be Money Mindful: 1) Keep a Money Diary 2) when you want to make an impulse purchase take 5 deep breaths to take yourself out of the “impulse moment” 3) keep your credit cards at home and only take them out with you when you plan to make a purchase</li><li>Wake up and pay attention to what you spend your money on</li><li>Educate yourself on companies and their practices. Learn about movements that interest you and follow their practices.</li><li>Read labels on products and use your gut instinct. </li><li>Talk to local business owners. </li><li>Donate to organizations that fight for ethics you believe in.</li><li>Volunteer for groups that think the same way you do.</li><li>Support politicians who have views in line with your own.&nbsp;</li></ul> Information:When you see a product with the Fair Trade Certified seal, it was made according to specific social, environmental, and economic standards. These products are available for purchase at Kroger, Target, Sam’s, Amazon, and other popular retailers.&nbsp; <a href="https://www.fairtradeamerica.org/" rel="noopener noreferrer" target="_blank">https://www.fairtradeamerica.org/</a> Socially responsible investing (SRI) is an investing strategy that strives to generate both ethical change and financial returns for an investor. Socially responsible investments often include companies making a positive sustainable or societal impact. <a href="https://www.moneyunder30.com/mindfulness-can-help-you-save-money" rel="noopener noreferrer" target="_blank">https://www.moneyunder30.com/mindfulness-can-help-you-save-money</a> <a href="https://www.thesimpledollar.com/financial-wellness/shopping-ethically-without-breaking-your-budget/" rel="noopener noreferrer" target="_blank">https://www.thesimpledollar.com/financial-wellness/shopping-ethically-without-breaking-your-budget/</a> <a href="https://www.fairtradecertified.org/products" rel="noopener noreferrer" target="_blank">https://www.fairtradecertified.org/products</a> <a href="https://www.ecowatch.com/shopping-ethically-2637784366.html?rebelltitem=6#rebelltitem6" rel="noopener noreferrer" target="_blank">https://www.ecowatch.com/shopping-ethically-2637784366.html?rebelltitem=6#rebelltitem6</a> <a href="https://medium.com/naturehub/what-is-a-conscious-consumer-and-why-does-it-matter-4b7a14ca08fc" rel="noopener noreferrer" target="_blank">https://medium.com/naturehub/what-is-a-conscious-consumer-and-why-does-it-matter-4b7a14ca08fc</a> <a href="https://qz.com/920561/conscious-consumerism-is-a-lie-heres-a-better-way-to-help-save-the-world/" rel="noopener noreferrer" target="_blank">https://qz.com/920561/conscious-consumerism-is-a-lie-heres-a-better-way-to-help-save-the-world/</a> <a href="https://growensemble.com/conscious-consumerism/" rel="noopener noreferrer" target="_blank">https://growensemble.com/conscious-consumerism/</a> <a href="https://www.nerdwallet.com/article/investing/socially-responsible-investing" rel="noopener noreferrer" target="_blank">https://www.nerdwallet.com/article/investing/socially-responsible-investing</a> <a href="https://brainymoney.com/money-mindfulness-tips-to-stay-on-track/" rel="noopener noreferrer" target="_blank">https://brainymoney.com/money-mindfulness-tips-to-stay-on-track/</a>

Money Talks: Money Mindfulness

10/20/2020

<a href="https://www.msn.com/en-us/money/retirement/the-top-7-retirement-concerns-for-americans-in-2020/ss-BB17w2fE" rel="noopener noreferrer" target="_blank">The Top 7 Retirement Concerns for Americans in 2020</a> from MoneyTalkNews (no relation!) from &nbsp;<a href="Retirement Confidence Index" rel="noopener noreferrer" target="_blank">Retirement Confidence Index</a>&nbsp;from SimplyWise <ol><li>Social Security will be gone: <a href="https://www.aarp.org/retirement/social-security/info-2020/10-myths-explained.html#:~:text=Myth%20%231%3A%20Social%20Security%20is,not%20run%20out%20of%20money.&amp;text=Without%20changes%20in%20how%20Social,Security%20won't%20be%20broke" rel="noopener noreferrer" target="_blank">AARP article</a></li><li>Outliving savings: <a href="https://smartasset.com/retirement/how-to-calculate-rmd" rel="noopener noreferrer" target="_blank">How to calculate RMD article</a> and <a href="https://www.irs.gov/newsroom/irs-seniors-retirees-not-required-to-take-distributions-from-retirement-accounts-this-year-under-new-law#:~:text=The%20Coronavirus%20Aid%2C%20Relief%2C%20and,their%20first%20RMD%20in%202020" rel="noopener noreferrer" target="_blank">IRS 2020 rules on RMDs</a></li><li>Paying medical bills:<a href=" https://www.medicare.gov/" rel="noopener noreferrer" target="_blank"> https://www.medicare.gov/</a> <a href="https://www.healthcare.gov/glossary/health-savings-account-hsa/" rel="noopener noreferrer" target="_blank">Health Savings Account info</a></li><li>Paying daily living expenses</li><li>Not being able to retire at all <a href="https://www.ssa.gov/pubs/EN-05-10069.pdf" rel="noopener noreferrer" target="_blank">How Work Affects Your Benefits from SSA</a> <a href="https://turbotax.intuit.com/tax-tips/retirement/an-early-withdrawal-from-your-401k-understanding-the-consequences/L0M8yJMYS" rel="noopener noreferrer" target="_blank">Early withdrawal of 401K info</a></li><li>Having too much debt: <a href="https://www.policygenius.com/blog/how-to-pay-off-debt/" rel="noopener noreferrer" target="_blank">suggestions on paying off debt</a></li><li>Feeling bored or lonely</li></ol>

Money Talks: Retirement Concerns

10/13/2020

Factors to take into consideration when deciding to give someone money:·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fees,&nbsp;Speed,&nbsp;Sending amount, Where the recipient is located, Security, access to actual cash <a href="https://www.npr.org/sections/money/2013/10/04/229224964/episode-489-the-invisible-plumbing-of-our-economy" rel="noopener noreferrer" target="_blank">https://www.npr.org/sections/money/2013/10/04/229224964/episode-489-the-invisible-plumbing-of-our-economy</a> <a href="https://www.mic.com/articles/192848/4-reasons-to-always-carry-cash" rel="noopener noreferrer" target="_blank">https://www.mic.com/articles/192848/4-reasons-to-always-carry-cash</a><a href="https://www.usbank.com/newsroom/news/digital-payment-platforms-primed-to-topple-cash.html" rel="noopener noreferrer" target="_blank">https://www.usbank.com/newsroom/news/digital-payment-platforms-primed-to-topple-cash.html</a><a href="https://www.cnbc.com/2019/01/15/more-americans-say-they-dont-carry-cash.html" rel="noopener noreferrer" target="_blank">https://www.cnbc.com/2019/01/15/more-americans-say-they-dont-carry-cash.html</a><a href="https://www.nerdwallet.com/blog/banking/faq-send-money-individual/" rel="noopener noreferrer" target="_blank">https://www.nerdwallet.com/blog/banking/faq-send-money-individual/</a><a href="https://www.gobankingrates.com/making-money/business/9-ways-transfer-money-friends-family/" rel="noopener noreferrer" target="_blank">https://www.gobankingrates.com/making-money/business/9-ways-transfer-money-friends-family/</a> 1.&nbsp;&nbsp;&nbsp;Cash – easiest and most obvious. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.&nbsp;&nbsp;&nbsp;About 3 in 10 Americans said they make no purchases with cash in a typical week.&nbsp;b.&nbsp;&nbsp;&nbsp;In a survey of more than 2,000 Americans, U.S. Bank found that 50 percent of respondents said they carry cash with them less than half of the time they are out.&nbsp;c.&nbsp;&nbsp;&nbsp;More than 1 in 10 millennials use their digital wallet for every purchase. d.&nbsp;&nbsp;&nbsp;Adults with an annual household income of over $75,000 were more than twice as likely as those making less than $30,000 to say they do not make any purchases using cash in a typical week.2.&nbsp;&nbsp;&nbsp;Bank Transfer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Banks electronically transfer money via ACH. Although some charge fees for a bank transfer, many banks let you transfer money for free to other accounts. Sending a wire transfer through your bank might be the best way to send a large amount quickly. Generally $2,000 to $10,000 per transfer, and delivery can take multiple days.3.&nbsp;&nbsp;&nbsp;Online Bill Payment &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Although online bill payment is geared toward recurring payments, like monthly utility bills, it also works for one-time payments. Your bank will outline how to send money through its online bill payment system; the process typically involves logging onto the bank website, filling out the amount of money you wish to send and the recipient’s information, and authorizing the payment to be mailed out or transferred electronically.&nbsp;&nbsp;&nbsp;&nbsp; Transfers from banks to banks:4.&nbsp;&nbsp;&nbsp;Zelle&nbsp;&nbsp;&nbsp;&nbsp;Account holders at banks that are part of the clearXchange network can take advantage of the new Zelle app, which allows you to to securely send money to others by using your bank’s mobile app. With Zelle, users just need a mobile phone number or an email address to send money to their intended recipient. No account information is shared when you send money; the program will only use your email or mobile phone number to send or receive money to or from your bank account.5.&nbsp;&nbsp;&nbsp;Popmoney&nbsp;&nbsp;Popmoney offers one of the easiest ways to send money via mobile devices or email if you have an account at a participating bank. You can send money for free if a Popmoney user sends you a request. Otherwise, it’s only 95 cents if you initiate the transfer. Non-bank transfers:6.&nbsp;&nbsp;&nbsp;Walmart-2-Walmart: Walmart is cheaper than traditional money transfer companies, such as Western Union and MoneyGram. You can send to one of the thousands of U.S. Walmart stores, where a recipient can pick up the money within minutes. The maximum you can send is $2,500, and costs can reach up to $16. 7.&nbsp;&nbsp;&nbsp;Person to Person apps&nbsp;- limit how much you can transfer. Examples are Square cash, Venmo – owned by PayPal, Facebook Messenger, Google Wallet, Dwolla 8.&nbsp;&nbsp;&nbsp;International money transfers options:&nbsp;&nbsp;When you make a transfer abroad, you generally encounter two costs: the upfront fee and the foreign exchange margin, or the markup on the exchange rate financial institutions use when transferring money among themselves. Consider both fees to find the best deal.a.&nbsp;&nbsp;&nbsp;TransferWise or OFX for free servicesb.&nbsp;&nbsp;&nbsp;Xoom, a PayPal division and MoneyGram are fast optionsc.&nbsp;&nbsp;&nbsp;Western Union&nbsp;&nbsp;The biggest money transfer company worldwide, Western Union also has a sizable range of transfer options. On the provider’s price estimator tool online, you’ll see almost a dozen combinations of sending channels, payment methods and delivery options. You can send money from the Western Union website or its mobile app, and you can use a bank account, debit card or credit card — or send from a nearby agent location using cash.&nbsp;&nbsp;&nbsp;The transfer giant’s physical network covers over 200 countries and territories and more than half a million locations globally.

Money Talks: Transferring Cash ENCORE

10/06/2020

On this open topic show we discussed: <ul><li>stocks</li><li>jobs</li><li>online sales holidays</li><li>stimulus checks UDATED DATE Nov. 21st 2020</li><li>educational information about your budget, an emergency fund, and car buying</li><li>the Mississippi lottery</li><li>taxes and government</li><li>loss and gains</li><li>IRA withdrawals</li></ul> Here are some links to additional information:<ul><li><a href="https://www.amazon.com/primeday" rel="noopener noreferrer" target="_blank">https://www.amazon.com/primeday</a></li><li><a href="https://blackfriday.com/news/walmart-big-save-event-sale" rel="noopener noreferrer" target="_blank">https://blackfriday.com/news/walmart-big-save-event-sale</a></li><li><a href="https://www.target.com/c/deal-days/-/N-xgolj" rel="noopener noreferrer" target="_blank">https://www.target.com/c/deal-days/-/N-xgolj</a></li><li><a href="https://treasury.ms.gov/for-citizens/financial-empowerment/for-individuals-families/" rel="noopener noreferrer" target="_blank">https://treasury.ms.gov/for-citizens/financial-empowerment/for-individuals-families/</a></li><li><a href="https://www.irs.gov/coronavirus/economic-impact-payments" rel="noopener noreferrer" target="_blank">https://www.irs.gov/coronavirus/economic-impact-payments</a></li><li><a href="https://www.irs.gov/newsroom/irs-to-mail-special-letter-to-estimated-9-million-non-filers-urging-them-to-claim-economic-impact-payment-by-oct-15-at-irsgov" rel="noopener noreferrer" target="_blank">https://www.irs.gov/newsroom/irs-to-mail-special-letter-to-estimated-9-million-non-filers-urging-them-to-claim-economic-impact-payment-by-oct-15-at-irsgov</a></li><li><a href="https://www.mslotteryhome.com/instantgames" rel="noopener noreferrer" target="_blank">https://www.mslotteryhome.com/instantgames</a></li></ul>

Money Talks: October Personal Finance

Airs Tuesdays at 9 a.m. on MPB Think Radio

email: money@mpbonline.orgMoney Talks airs Tuesday mornings at 9 Central Time on MPB Think Radio and over the internet at mpbonline.org Money Talks focuses on personal finance as it applies to Mississippians. In any given week, we’ll talk about anything from preparing your taxes to saving for college or investing in the stock market. 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. They join Kevin Farrell in the studio to answer your personal finance questions about family budgeting, retirement savings, Social Security, investments, debt management and more.

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