Your Money Made Easy

Social security is going to make up a significant piece of your retirement income.  Do you know how it works? 

Are you afraid that what you don't know is going to hurt you?

This week I'm super excited to have Marcia Mantell join me.  Marcia has spent the last 30 years teaching retirement planners how retirement and social security work.   She has a new book out called "What's the Deal With Women and Social Security?"

Today's she's going to talk to us about what women specifically need to know about social security to have successful retirements.

Here are a few of the topics we cover: 

• How can stay at home moms collect social security based on what their husbands earns.
• What's the difference between retirement and social security (HINT: They aren't the same thing).
• What happens if you decide to start taking social security at 62 versus 67 (HINT: You're leaving boku dollars on the table).
• How your husband's decision to take social security will affect you.
• What happens if your husband dies and you still have children under 18.
• Why the funeral director will become an important player in your future.
• What happens if you're the breadwinner and your husband is a stay at home dad.
• Why your ex-husband may become your new best friend.

Beyond what we talk about on the show, Marcia's book is a MUST read.  She has a light, easy to read style that makes the topics easy to absorb.

Best of all, most of the book is in a story style.  If you're a younger woman, married to an older man, and you both make the same money, there's a chapter just for you.  If you're an older woman, divorced and living with your significant other, there's another chapter for you.

Full Show notes and links are at www.realfamilyfinance.com/episode17

In 2016 my husband Tom was training for an Ironman race.  At 49 he was in the best shape of his life….and then he had a really bad accident.  He was out of work for 6 months with no pay.   For most families that would spell financial disaster.

Could you survive six months without any (or significantly less) money coming in?  This isn't just a question for families living pay check to pay check.  If you're like most people, the more you make, the more you spend.

In today's show I'll share my story and how we managed our way through the crisis.  As you probably expect, I'm going to be talking about emergency funds. We'll cover everything from how much you need to have set aside, the peace you have knowing it's there, the anger (yup…the anger) you feel that it's money sitting on the sidelines, and how to get started setting one up.

For the full show notes and FREE download "4 Easy Steps to Setting up an Emergency Fund" go to www.realfamilyfinance.com/episode16

Is your money your kryptonite? Do you believe in yourself when it comes to money or do you get weak in the knees every time you think about it.  Would you like today to be the day you decide to lean in and say today's the day I'm going to figure this all out?

Chances are good you have all kinds of subconscious thoughts and ideas about money that have been with you your whole life.   These stories influence the way you feel, the decisions you make (or don't make) and your financial success.

And they may be holding you back.

In today's show, I'm going to talk about how you take your power back. Let's look at how you can change these stories and start believing in your ability to be financially successful.  I promise…your money will follow.

Go to the full show notes to get the FREE worksheet download.

www.RealFamilyFinance.com/episode15

Do you have a 401(k) or 403(b) which is probably ALL mutual fund options and you don't know what you should be doing with them?

Mutual funds are an awesome way to start growing the money you are going to need for retirement.   Did you know that if you start investing $5,000 a year when you are 30 and have it invested in a mutual fund earning 10% a year, by the time you are 60, you will have $1,000,000?

The first step to get started is to understand what exactly mutual funds are.

In this show I'm going to take you through the 4 Basics of Mutual Funds so you can start to feel confident with your investments.

I cover:

1. What are Mutual Funds? – what exactly they are and how they work
2. How do they make you money? – They can earn money or grow in value
3. What do Mutual Funds cost? – from the purchase price to the ongoing management fees
4. How do you get them? – If you have a 401(k) or 403(b) you most likely already have them, but you can also buy them yourself or through your financial adviser

I break down these 4 basics in plain in English AND I added a little bonus section on the pros and cons of mutual funds.

If you want to feel more confident using mutual funds to invest your money so it will grow, check out this weeks episode.

For the resources mentioned in this show, go to the main show notes at www.realfamilyfinance.com/episode10

You work hard for your money!  You deserve to have it work hard for you!

You also deserve to have an amazing retirement where you can do what you want, live where you want and never worry about running out of money.

Your 401(k) is your BEST tool to build the kind of wealth you will need to fund that kind of retirement.

Do you have a 401(k)?   Do any of these sound familiar?

Are you are contributing to a 401(k), and you'd like to understand how it works and how to maximize it, so you can get as wealthy as possible before you retire?

Have you held off from signing up for your 401(k) at work because you aren't sure HOW it works?

Did you leave a job where you had a 401(k), and you're not sure what you are supposed to do with it now that you no longer work there?

I've got you covered.  This week I cover the 5 fundamental pieces of a 401(k) plan, how the whole process works, and how it will make you a ton of money for your retirement.

RESOURCES & LINKS MENTIONED IN THIS VIDEO

"Free eBook – Unleash the Power of Your 401(k)"

"Mark Cuban Explains Why a 401(k) is a No-Brainer"

"The Step by Step Guide to Picking Mutual Funds "

"The 4 Basics of Mutual Funds, Learn to invest with Confidence" 

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