The Wise Money Show™

Adult Children Are Impacting Parents Retirement

Prolonged adolescences is a phenomenon that’s been evident in today’s culture for the past decade, and the retirement dreams of many baby boomers are starting to be impacted. What does this mean for you and how can you successful manage the tension of helping your kids and reaching your financial goals? That and more on this episode of Wise Money!

Have a question for the show? Call or text 574-222-2000 or leave a comment!

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First State Bank - https://www.bfirst.bank/personal
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Inspired Homes - https://inspiredhomes.com/
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The Roth 401(k) Tax Trap

Season 4 Episode 41

There’s a lot to love about the Roth 401(k). However, an interesting provision in the tax code is actually creating a stealth tax trap that hardly anyone knows about. We’ll tell you what it is and how to avoid it on this episode of Wise Money.

 

Have a question for the show? Call or text 574-222-2000 or leave a comment!

 

Find more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-online

 

Be sure to stay up to date by following us!

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Want more Wise Money™? Read our blog! https://www.korhorn.com/wise-money-blog

 

Watch the guys in studio on YouTube: https://www.youtube.com/c/WiseMoneyShow

 

Thank you to our sponsors: 

First State Bank - https://www.bfirst.bank/personal

South Bank Legal (formerly LaDue Curran Kuehn) - https://southbank.legal/

Inspired Homes - https://inspiredhomes.com/

Bethel University Adult & Graduate Studies - https://www.betheluniversity.edu/academics/adult-degrees

Risks, Rewards, and Regrets of the FIRE Movement

Season 4 Episode 40

Financial Independence, Retire Early, also known as the FIRE movement, has gained a lot of attention. Is it something you should pursue, and if so, what are the risks, rewards, and regrets of those who have already achieved FIRE? Mike, Josh and Kevin have that and more on this episode of Wise Money. 

 

Have a question for the show? Call or text 574-222-2000 or leave a comment!

 

Find more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-online

 

Be sure to stay up to date by following us!

Facebook - https://www.facebook.com/wisemoneyradio/

Twitter - https://twitter.com/WiseMoneyShow

 

Want more Wise Money™? Read our blog! https://www.korhorn.com/wise-money-blog

 

Thank you to our sponsors: 

First State Bank - https://www.bfirst.bank/personal

South Bank Legal (formerly LaDue Curran Kuehn) - https://southbank.legal/

Inspired Homes - https://inspiredhomes.com/

Bethel University Adult & Graduate Studies - https://www.betheluniversity.edu/academics/adult-degrees

 

Financial Lessons from March Madness

Season 4 Episode 39

If you’re looking, you can find valuable lessons about your finances just about anywhere. This year’s Korhorn Financial Group March Madness bracket challenge provided an incredible example of that when our own Kevin Korhorn went from shoe-in winner to out of the money in just a few games.

 

Have a question for the show? Call or text 574-222-2000 or leave a comment!

 

Find more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-online

 

Be sure to stay up to date by following us!

Facebook - https://www.facebook.com/wisemoneyradio/

Twitter - https://twitter.com/WiseMoneyShow

 

Want more Wise Money™? Read our blog! https://www.korhorn.com/wise-money-blog

 

Thank you to our sponsors: 

First State Bank - https://www.bfirst.bank/personal

South Bank Legal (formerly LaDue Curran Kuehn) - https://southbank.legal/

Inspired Homes - https://inspiredhomes.com/

Bethel University Adult & Graduate Studies - https://www.betheluniversity.edu/academics/adult-degrees

Most Valuable Planning Concept - Retirement Planning

Season 4 Episode 35

This is fifth week of a series where we share the most valuable planning concept in each of the six areas of your financial life. In this episode we address the fifth area of financial planning: retirement planning.

Have a question for the show? Call or text 574-222-2000 or leave a comment!

Find more information about the Wise Money Show at https://www.korhorn.com/wise-money-online

Be sure to stay up to date by following us!
Facebook - https://www.facebook.com/wisemoneyradio/
Twitter - https://twitter.com/WiseMoneyShow

Thank you to our sponsors: 
First State Bank - https://www.bfirst.bank/personal
South Bank Legal (formerly LaDue Curran Kuehn) - http://lck-law.com/
Inspired Homes - https://inspiredhomes.com/
Bethel College Adult & Graduate Studies - https://www.bethelcollege.edu/academics/adult-degrees

Most Valuable Planning Concept - Tax Planning

Season 4 Episode 33

This is week 3 of a series where we share the most valuable planning concept in each of the six areas of your financial life. In this episode we address the third area of financial planning: tax planning.

Have a question for the show? Call or text 574-222-2000 or leave a comment!

Find more information about the Wise Money Show at https://www.korhorn.com/wise-money-online

Be sure to stay up to date by following us!
Facebook - https://www.facebook.com/wisemoneyradio/
Twitter - https://twitter.com/WiseMoneyShow

Thank you to our sponsors: 
First State Bank - https://www.bfirst.bank/personal
South Bank Legal (formerly LaDue Curran Kuehn) - http://lck-law.com/
Inspired Homes - https://inspiredhomes.com/
Bethel College Adult & Graduate Studies - https://www.bethelcollege.edu/academics/adult-degrees

The 20-Year Term Life Insurance Mistake

Season 4 Episode 30

There are lots of different types of life insurance, which is why it’s so important that you work with a Certified Financial Planner to help you know which is best for your situation. Some people use a rule of thumb that a 20-year term life policy is best, but watch out for applying rules of thumb to your unique financial situation, especially with something as important as life insurance.

Have a question for the show? Call or text 574-222-2000 or leave a comment!

Find more information about the Wise Money Show at https://www.korhorn.com/wise-money-online

Be sure to stay up to date by following us!
Facebook - https://www.facebook.com/wisemoneyradio/
Twitter - https://twitter.com/WiseMoneyShow

Thank you to our sponsors: 
First State Bank - https://www.bfirst.bank/personal
South Bank Legal (formerly LaDue Curran Kuehn) - http://lck-law.com/
Inspired Homes - https://inspiredhomes.com/
Bethel College Adult & Graduate Studies - https://www.bethelcollege.edu/academics/adult-degrees

Converting Your RMD into a Tax Penalty

Season 4 Episode 29

Taking your Required Minimum Distribution (RMD) from your pre-tax retirement account sounds easy enough, but there are a few unique rules that could wind up costing you lots of money if you do not get them right. Mike, Josh, and Kevin share with you the unique rules that come with handling your RMD on this episode of Wise Money.

Have a question for the show? Call or text 574-222-2000 or leave a comment!

Find more information about the Wise Money Show at https://www.korhorn.com/wise-money-online

Be sure to stay up to date by following us!
Facebook - https://www.facebook.com/wisemoneyradio/
Twitter - https://twitter.com/WiseMoneyShow

Thank you to our sponsors: 
First State Bank - https://www.bfirst.bank/personal
South Bank Legal (formerly LaDue Curran Kuehn) - http://lck-law.com/
Inspired Homes - https://inspiredhomes.com/
Bethel College Adult & Graduate Studies - https://www.bethelcollege.edu/academics/adult-degrees

The Financial Do's and Don'ts Before Having a Baby

Season 4 Episode 28

Having a baby is one of the most exciting experiences you’ll have in your life. However, along with that joy comes dirty diapers, lack of sleep, and new financial challenges. We’ll help you prepare with a few must do’s and must not do’s on this episode of Wise Money.

Have a question for the show? Call or text 574-222-2000 or leave a comment!

Find more information about the Wise Money Show at https://www.korhorn.com/wise-money-online

Be sure to stay up to date by following us!
Facebook - https://www.facebook.com/wisemoneyradio/
Twitter - https://twitter.com/WiseMoneyShow

Thank you to our sponsors: 
First State Bank - https://www.bfirst.bank/personal
South Bank Legal (formerly LaDue Curran Kuehn) - http://lck-law.com/
Inspired Homes - https://inspiredhomes.com/
Bethel College Adult & Graduate Studies - https://www.bethelcollege.edu/academics/adult-degrees

Seven Promises For This Year's Taxes

Season 4 Episode 27

Your tax return is both complicated and emotional, and the changes in the tax law this year will strain both. Join Mike and Kevin as they welcome back special guest CPA Ryan Fair to review the seven personal promises you need to make about your tax return this year.

Have a question for the show? Call or text 574-222-2000 or leave a comment!

Find more information about the Wise Money Show at https://www.korhorn.com/wise-money-online

Be sure to stay up to date by following us!
Facebook - https://www.facebook.com/wisemoneyradio/
Twitter - https://twitter.com/WiseMoneyShow

Thank you to our sponsors: 
First State Bank - https://www.bfirst.bank/personal
South Bank Legal (formerly LaDue Curran Kuehn) - http://lck-law.com/
Inspired Homes - https://inspiredhomes.com/
Bethel College Adult & Graduate Studies - https://www.bethelcollege.edu/academics/adult-degrees