Real Money Pros

Our constitution was built to protect the minority from an over-bearing government. In turn, granting rights to the individual. And that's what tonight's show is all about! Jen Wulf, one of our legal wizards, joins to talk about our legal rights. Plus, Jen gives her expertise on what to do if you are merging currently owned assets into a new marriage and how to clarify to whom those assets belong.

Biden would want to raise marginal tax brackets if he's to be elected in a couple of months. While also lowering tax deductions from the money invested into 401(k) accounts for those who land in higher tax brackets. Seems like a double hit, doesn't it? No matter if it's a conservative or democratic administration, they're going to spend your money. So it's up to you to find the best way around it.

Looking to buy a home for the first time? Idaho has just implemented a first-time home buyers savings account that will allow you to save for down payment and closing costs for a qualified first-time home purchase while reducing the amount of Idaho income tax you owe (7%). Hazen Armstrong joins via phone call to explain the caveats of the written code. Plus, the team revisits Trump's executive order for a payroll tax holiday, still wondering if it was the best thing to do as of now...

Investment panic, retirement, and more!

The cost of health care is too damn high! And sometimes we feel like we don't have a choice but to pay whatever the doctor tells us. But do we actually have more of a choice than we think we do? Medical services can be treated like any other service you need done. Too expensive with this one doctor? Shop around for another. Steve Marsh of Medical Plans of Idaho joins tonight's program with tips and tricks to help you get the most out of your money when dealing with doctors and insurance companies.

Trump signed an executive order for a "Payroll Tax Holiday". This order would defer the 6.2% tax employees pay toward Social Security from 9/1 until 12/31. Those funds taxed are deferred, not totally forgiven, so employers will be responsible to pay that back after the deadline. Trump has made good financial decisions before, but is this one of them? Steve Cilley joins Brian and Kent to discuss the possible repercussions.

America is a culture that isn't known for taking care of our elderly as they lose the ability to take care of themselves. Many people with aging parents are too busy with their own lives to be able to spend every minute of the day to take care of them. You want to hire someone else to take care of them for you, but who do you go to? Cash Edwards, the owner of Home Care Assistance, joins the program to talk about his company and what they do to take care of our elders.

Stay-at-home orders has made way for technology to help us socially distance. Working and learning from home, touch-less payments, and online shopping are just a few things that are only made possible with technology. After this pandemic ends, will the world go back to where it was, or is this the start of the future?

In this week's case study, a couple who had already retired once before makes sure that their second go attempt will be more successful. Jeremiah and Nic stress the importance of having your own financial goals and investment strategy. If you're making a decision because you're fearful of a possible outcome, it's not part of your long term plan! Learning to say no and spending and saving within your means is the difference between a timely retirement and going back to work.

Diane Wilson from mysocialsecurityanalyst.com joins Brian Wiley to talk about, you guessed it, Social Security! Diane explains the more intricate details about your social security benefits and how to navigate the sometimes confusing system.