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Planned Solutions

Planned Solutions is an Independent Financial Planning Firm - looking out for our client's best interests. With over 30 years in the financial planning business, we at Planned Solutions will help guide you to a secure financial future.At Planned Solutions, a CERTIFIED FINANCIAL PLANNER™ professional will sit down with you, review your current situation and work with you to develop an individualized financial plan and implement an asset management strategy. We are very familiar with the range of options available today – investment opportunities, savings, pension plans and insurance products – and will help you identify which choices are best suited for both you and your family’s goals.Financial planning, retirement planning, investment management, estate planning, insurance analysis, and tax planning and preparation are our specialties. Please give us a call for a complimentary initial consultation, where we will discuss your goals and help design a plan of action.
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Social Security Fairness Act, Market Cycles and Initial Public Offerings & Social Security Earnings Test
30 January 2025
Social Security Fairness Act, Market Cycles and Initial Public Offerings & Social Security Earnings Test

Welcome to the⁠⁠⁠⁠⁠⁠⁠⁠ ⁠ @plannedsolutions  ⁠⁠⁠⁠⁠⁠Incorporated Podcast. In this episode, we discuss how The Social Security Fairness Act has changed how Social Security benefits are calculated for individuals who had years of employment not covered by Social Security (did not pay Social Security taxes while working). This change also impacts those eligible for survivor or spousal benefits under a spouse’s record. Those who may be impacted should contact the Social Security Administration to determine what they need to do to increase their benefits. https://www.ssa.gov/benefits/retirement/social-security-fairness-act.html Depending on who an individual listens to, the current market cycle may be very long and nearing a downturn, or it’s the beginning of a new growth cycle with additional strong returns anticipated. Arguably, the few Initial Public Offerings (IPOs) over the past three years make a case that the growth cycle is in its early stages and is unlikely to peak until after the IPO market heats up. Individuals who file to collect their Social Security retirement benefits before their full retirement age will receive reduced benefits compared to those who delay collecting. In addition, those below full retirement age are subject to the Social Security Earnings Test which will reduce their benefits for the period if their earnings from working exceed $23,400 in 2025. If the earnings test is exceeded benefits may be suspended or may need to be paid back. Plus a look at the Planned Solutions Incorporated Office Bulletin Board - There are a couple of annual tax filings due January 31st that some taxpayers need to be aware of. The first is Form 1099-NEC which reports amounts of $600 or greater that a business paid to an individual (does not apply to payments made to corporations or other entities). Also, some taxpayers may need to file Form 1098, which is also due by January 31st. This form reports the interest received on a seller-financed mortgage. To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail ⁠⁠⁠⁠⁠⁠⁠⁠⁠Katie@PlannedSolutions.com⁠⁠⁠⁠⁠⁠⁠ ⁠⁠ ⁠⁠⁠⁠⁠⁠⁠ The Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action Chase Armer's book- Financial Planning Insights is now available at: ⁠https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpb⁠⁠⁠⁠⁠⁠⁠⁠⁠ Intro 00:00 Stock Valuations and Growth Rates 01:20 Electric Vehicle Tax Credit Risk 10:57 Review Memberships to Manage Expenses 17:35 Bulletin Board 22:07 Planned Solutions, Inc.

28 min
Stock Valuations and Growth Rates Electric Vehicle Tax Credit Risk Review Memberships to Manage Expenses
16 January 2025
Stock Valuations and Growth Rates Electric Vehicle Tax Credit Risk Review Memberships to Manage Expenses

Welcome to the⁠⁠⁠⁠⁠⁠⁠⁠ ⁠ @plannedsolutions  ⁠⁠⁠⁠⁠⁠Incorporated Podcast. In this episode, we discuss how large company US stocks appear historically expensive when the price is compared to the earnings the companies generate. However, the historical earnings growth rate for those stocks has been quite high, which may justify the high valuations should those earnings growth rates continue. Meanwhile, the valuations for foreign, small, and mid-sized US companies are starting the year at more reasonable levels, even with their lower expected earnings growth. Also, The expanded Electric Vehicle Tax Credit under The expanded Electric Vehicle Tax Credit under The new year is a good time for Spring cleaning, which can include cleaning up your budget. One budget category that has increased substantially for many households is memberships and subscriptions. Memberships and subscriptions may include gym memberships, subscriptions to streaming entertainment, the monthly fees paid to apps on a phone, and subscriptions to publications. Reducing these costs, especially for services that are rarely used, can add up to real savings over an entire year. Plus a look at the Planned Solutions Incorporated Office Bulletin Board - Before preparing your 2024 income tax return(s) it is important to make sure that you have all To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail ⁠⁠⁠⁠⁠⁠⁠⁠⁠Katie@PlannedSolutions.com⁠⁠⁠⁠⁠⁠⁠ ⁠⁠ ⁠⁠⁠⁠⁠⁠⁠ The Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action. Chase Armer's book- Financial Planning Insights is now available at: ⁠https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpb⁠⁠⁠⁠⁠⁠⁠⁠⁠ Intro 00:00 Stock Valuations and Growth Rates 01:18 Electric Vehicle Tax Credit Risk 11:28 Review Memberships to Manage Expenses 15:55 Bulletin Board 22:10 Planned Solutions, Inc.

26 min
What YOU NEED To Know about the Social Security Fairness Act & Annual Gift Tax Exclusion Increases
2 January 2025
What YOU NEED To Know about the Social Security Fairness Act & Annual Gift Tax Exclusion Increases

Welcome to the⁠⁠⁠⁠⁠⁠⁠⁠ ⁠ @plannedsolutions  ⁠⁠⁠⁠⁠⁠Incorporated Podcast. In this episode, we discuss how with the start of a new year many people will reach an important date or milestone that will impact their financial situation. So, as we prepare for another year, we have outlined a few of the most common dates or ages that may affect financial planning options and opportunities for the coming year. Of course, this list is not comprehensive as many people will have additional dates that impact their specific financial situation. Also, both houses of Congress recently passed the bipartisan Social Security Fairness Act. This bill will increase Social Security benefits for workers who did not pay Social Security taxes on a substantial portion of their earnings and will also eliminate reduced payments for spousal and/or widow(er) payments. It is projected to cost the already underfunded Social Security program $200 billion. The annual gift tax exclusion will increase from $18,000 in 2024 to $19,000 in 2025. This is the amount that an individual can give to another person(s) without having to file a gift tax return and without reducing the amount that they can give tax-free during their lifetime, or leave to their heirs tax-free after death. Plus a look at the Planned Solutions Incorporated Office Bulletin Board - Charles Schwab recently sent an alert, which we forwarded as an e-mail blast, warning clients about an active “Smishing” campaign. Smishing occurs when a nefarious actor sends fraudulent text messages with a false account alert in an attempt to route an individual to an incorrect internet link where they are encouraged to enter their account login and password. These text messages have several red flags. One, they are originating from international phone numbers. Two, they list links to a website that, at first glance, may look like it’s Charles Schwab’s website, but in fact, is slightly different. Three, Schwab does not notify clients via text message, so just the form of communication should be a reason to disregard it. If you receive one of these text messages do not respond and do not click on the link. If you have concerns about your account, please contact our office directly. The Social Security Administration recently announced that it will be sending $1,400 payments to over one million taxpayers who were eligible but did not properly apply for the Pandemic stimulus checks in 2020. To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail ⁠⁠⁠⁠⁠⁠⁠⁠⁠Katie@PlannedSolutions.com⁠⁠⁠⁠⁠⁠⁠ ⁠⁠ ⁠⁠⁠⁠⁠⁠⁠ The Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action. Chase Armer's book- Financial Planning Insights is now available at: ⁠https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpb⁠⁠⁠⁠⁠⁠⁠⁠⁠ Intro 00:00 Upcoming Important Dates and Milestones 01:53 Social Security Fairness Act 13:51 Annual Gift Tax Exclusion Increases 18:35 Bulletin Board 22:57 Planned Solutions, Inc.

27 min
Will Tariffs lead to MORE Inflation? Jobs Bounce Back, what you need to know about taxes & Bitcoin
19 December 2024
Will Tariffs lead to MORE Inflation? Jobs Bounce Back, what you need to know about taxes & Bitcoin

Welcome to the⁠⁠⁠⁠⁠⁠⁠⁠  @plannedsolutions  ⁠⁠⁠⁠⁠⁠Incorporated Podcast. In this episode, we discuss how Tariffs are a tax on imported goods, the cost of which Also, After a weak October, the US jobs market data bounced back in November calming fears that the economy was slowing, and the job market was weakening. Instead, the narrative appears to be that hurricane Helene and the Boeing strike distorted the October jobs report making it an anomaly. Sales of digital assets, such as Bitcoin, are subject to the same capital gains rules as other assets. However, the reporting of these gains can be much more difficult as there are generally no capital gain and loss reports issued to Bitcoin owners. However, this income must be reported correctly as it is an area of emphasis for the IRS and can result in serious penalties, including the possibility of jail time if it is omitted from an income tax return. Plus a look at the Planned Solutions Incorporated Office Bulletin Board - As a reminder, financial planners are not allowed to conduct business with mediums of communication that cannot be efficiently captured and archived. This most typically applies to text messages sent to a planner’s personal phone. This has been an area of emphasis for the Securities and Exchange Commission (SEC), which has levied fines from $250,000 to millions against financial firms whose employees have answered text messages from clients. We agree that this seems excessive given that text messages are a common form of communication, but often government regulations do not keep up with societal changes. As a result, it is important that clients not send text messages to any Planned Solutions employees unless it is of a personal nature and does not reference any business issues. Due to the high risk of large fines, Planned Solutions employees may not be able to respond to client text messages or instructions which could lead to a poor client service outcome. The best way to contact us remains to be by e-mail or telephone. To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail ⁠⁠⁠⁠⁠⁠⁠⁠Katie@PlannedSolutions.com⁠⁠⁠⁠⁠⁠⁠ ⁠ ⁠⁠⁠⁠⁠⁠⁠ ⁠ The Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action. Chase Armer's book- Financial Planning Insights is now available at: https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpb⁠⁠⁠⁠⁠⁠⁠⁠ Intro 00:00 Tariffs and Inflation 01:17 Jobs Bounce Back in November 12:43 IRS and Bitcoin Income 16:46 Bulletin Board 22:15 Planned Solutions, Inc.

26 min
The Stock Market SURGE Continues! What's Next? And Social Security Taxation Facts
5 December 2024
The Stock Market SURGE Continues! What's Next? And Social Security Taxation Facts

Welcome to the⁠⁠⁠⁠⁠⁠⁠⁠  @plannedsolutions  ⁠⁠⁠⁠⁠⁠Incorporated Podcast. In this episode, we discuss how the stock market rallies this year and last were led by a relatively small number of large, growth, tech companies in the first half of the year. Then in the second half the market rally broadened as small and mid-sized companies, as well as value stocks, took the lead fueled by improving fundamentals and better valuations, especially when compared to the stocks that had large gains that exceeded their sales, earnings, and cash flow growth. Also, Social Security benefits are subject to federal income taxation depending on the taxpayer’s total income. Low-income taxpayers may pay very little, or no tax, on their Social Security income. As the reportable income increases, more of the Social Security income will become taxable, causing the taxpayer to pay a higher effective tax rate than would be expected based on their federal tax bracket. Black Friday, historically the nation’s biggest shopping day, has come and gone. Many retailers have a whole bag of tricks that they use to get sales and, in some cases, to increase the sales prices over other options. Therefore, it is important have a budget for holiday spending, a strategy for comparing prices, and the patience to avoid the marketing that retailers use to get customers to buy now and think later. Plus a look at the Planned Solutions Incorporated Office Bulletin Board - With the holidays quickly approaching, we want to make sure you are aware of our holiday schedule for this year. November 28th Closed November 29th Closed December 24th Closed December 25th Closed January 1st Closed Given the above holiday schedule and the holiday schedule of many of the companies we work with, we ask that any forms or other requests that must be completed before year-end be submitted as soon as possible. If any paperwork or requests come in close to the end of the year, we will try to process the forms or fulfill the requests but cannot guarantee that they will be completed in time due to factors beyond our control. To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail ⁠⁠⁠⁠⁠⁠⁠⁠Katie@PlannedSolutions.com⁠⁠⁠⁠⁠⁠⁠ ⁠ The Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action. Chase Armer's book- Financial Planning Insights is now available at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpb⁠⁠⁠⁠⁠⁠⁠⁠ Intro 00:00 What are the FACTS as the Stock Market Rally Broadens 01:12 What YOU need to know about Social Security Taxation 14:03 Are YOU saving money during Black Friday Shopping 19:42 Bulletin Board 23:49 Planned Solutions, Inc. ⁠⁠⁠⁠⁠⁠https://www.plannedsolutions.com/⁠⁠⁠

27 min
What's the REAL Connection Between Inflation and Politics?
21 November 2024
What's the REAL Connection Between Inflation and Politics?

Welcome to the⁠⁠⁠⁠⁠⁠⁠⁠  @plannedsolutions  ⁠⁠⁠⁠⁠⁠Incorporated Podcast. In this episode, we discuss how the US presidential election was recently decided, causing many Americans and political pundits to examine the result and its potential causes. However, looking beyond the US borders, it becomes apparent that the shift in the political tide is not just limited to the US. The US election reflects a global trend of voter frustration with inflation causing them to shift away from the party in power. Also, The US stock market increased in value following the US Presidential election. However, not all sectors or industries participated to the same extent, with some stocks declining in value due to higher policy risk. In contrast, others increased based on an expectation that they would benefit from future policy changes. As well, The IRS has announced another round of inflation adjustments for 2025, this time focusing on the contribution limits and income thresholds for retirement plan contributions. This year the inflation rate was sufficient enough to increase contribution limits for 401k plans, but the limits for IRAs and the catch-up contribution limits allowed to those age 50+ will remain unchanged. Plus a look at the Planned Solutions Incorporated Office Bulletin Board - The holidays are a popular time for charitable giving. However, few people give much thought to how they give, which means they may be missing out on potential tax savings. Ever since the 2017 Tax Act, which increased the amount of the standard deduction, many taxpayers do not have enough itemized deductions to be able to take advantage of their charitable contributions. To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail ⁠⁠⁠⁠⁠⁠⁠Katie@PlannedSolutions.com⁠⁠⁠⁠⁠⁠⁠ The Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action. Chase Armer's book- Financial Planning Insights is now available at: ⁠⁠⁠⁠⁠⁠⁠⁠https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpb⁠⁠⁠⁠⁠⁠⁠ Intro 00:00 Inflation and Politics: The Correlation 01:12 Post-Election Stock Rotation 11:14 2025 Retirement Contribution Limits 16:58 Bulletin Board 24:14 Planned Solutions, Inc. ⁠⁠⁠⁠⁠⁠https://www.plannedsolutions.com/⁠⁠⁠

29 min
Is Direct Indexing Worth the Hype? Earnings Season Update. & 401k In-Service Distributions
7 November 2024
Is Direct Indexing Worth the Hype? Earnings Season Update. & 401k In-Service Distributions

Welcome to the⁠⁠⁠⁠⁠⁠⁠⁠  @plannedsolutions  ⁠⁠⁠⁠⁠⁠Incorporated Podcast. In this episode, we discuss how Direct indexing has become more and more popular as advancements in technology and decreasing trading and custodial costs have made these strategies more competitive. In some cases, direct indexing can lead to better tax outcomes or could better meet investor preferences to hold or avoid certain securities. However, there are also some negative implications, including increased complexity that may offset the benefits. Also, the Earnings season is off to a strong start. With roughly one in four S&P 500 companies having already reported, more than three out of four companies have beat analysts’ estimates, with only 19% falling short. Third-quarter earnings are expected to increase nearly 13% from the same quarter a year ago. As well, Some employer-sponsored 401k plans allow participants who have reached age 59.5 to access their 401k funds through an inservice distribution. This allows participants to move their 401k funds into another plan or an IRA while still employed and participating in the 401k plan. This option can be attractive for some employees due to its greater flexibility, but all of the pros and cons should be weighed before making a decision. Plus a look at the Planned Solutions Incorporated Office Bulletin Board - The IRS Standard Deduction for 2025 will increase by $800 for Married Couples to $30,000, by $400 for Single Filers to $15,000, and by $600 for Head of Household filers to $22,500. To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail ⁠⁠⁠⁠⁠⁠⁠Katie@PlannedSolutions.com⁠⁠⁠⁠⁠⁠⁠ The Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action. Chase Armer's book- Financial Planning Insights is now available at: ⁠⁠⁠⁠⁠⁠⁠⁠https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpb⁠⁠⁠⁠⁠⁠⁠ Intro 00:00 Is Direct Indexing Worth It 01:39 Earnings Season Update 17:01 401k In-Service Distributions 20:02 Bulletin Board 22:29 Planned Solutions, Inc. ⁠⁠⁠⁠⁠⁠https://www.plannedsolutions.com/⁠⁠⁠

26 min
The Truth About Social Security Benefits
24 October 2024
The Truth About Social Security Benefits

Welcome to the⁠⁠⁠⁠⁠⁠⁠⁠  @plannedsolutions  ⁠⁠⁠⁠⁠⁠Incorporated Podcast. In this episode, we discuss The trustees of the Social Security benefit program recently released their report for 2024. As in the past, the trustees are sounding the alarm about the future funding of Social Security benefits as program revenue is expected to fall short of outflows, causing its limited reserves to dwindle over time. Therefore, the trustees recommend that Congress act sooner rather than later to gradually implement changes over time to fill the gap in funding. Also, The Inflation Reduction Act expanded the federal tax credits available to homeowners who do energy-efficient home improvements. However, many homeowners are finding after the fact that their expenditures do not qualify because the materials do not meet the proper energy rating standard. Therefore, if the tax credit is a key to doing a project, it is important to check these details before proceeding. As well, Credit card rewards can be a valuable benefit as some cards offer generous cash-back or discounts that can be used to fund other expenses. However, as these benefits accrue, they do not increase in value like other savings, so their value is eroded by inflation over time. For this reason, it is often best to use the credit card benefits as they accrue rather than using them as a savings vehicle to cover larger future financial goals. Plus a look at the Planned Solutions Incorporated Office Bulletin Board - The Harlan D. Wood and Debbie Druivenga Memorial Cancer Charity Golf Tournament was once again a big success! This year we raised over $10,444 for cancer charities bringing our cumulative total to $178,309. We would like to thank everyone who supported the event this year and in years past by attending the tournament, bidding on auction items, and contributing to cancer charities. To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail ⁠⁠⁠⁠⁠⁠⁠Katie@PlannedSolutions.com⁠⁠⁠⁠⁠⁠⁠ The Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action. Chase Armer's book- Financial Planning Insights is now available at: ⁠⁠⁠⁠⁠⁠⁠⁠https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpb⁠⁠⁠⁠⁠⁠⁠ Intro 00:00 Social Security Trustee Report 01:20 Home Energy Efficient Tax Credit Details 13:02 Spend Credit Card Benefits 18:08 Bulletin Board 22:42 Planned Solutions, Inc. ⁠⁠⁠⁠⁠⁠https://www.plannedsolutions.com/⁠⁠⁠

26 min
Coast FIRE Movement, Changes to Real Estate Commissions & Is Gold a Good Investment?
10 October 2024
Coast FIRE Movement, Changes to Real Estate Commissions & Is Gold a Good Investment?

Welcome to the⁠⁠⁠⁠⁠⁠⁠⁠  @plannedsolutions  ⁠⁠⁠⁠⁠⁠Incorporated Podcast. In this episode, we discuss the Financial Independence Retire Early (FIRE) movement was popular several years ago, but many adherents found it to be too difficult to achieve or that it came with downsides that were not worth the effort in the long run. Now a new version of the FIRE movement, called Coast FIRE, is gaining attention as it better balances needs today with the desire for increased financial freedom in the future and maybe attainable for more people. Also, A recent court ruling may make buying or selling real estate a bit more complicated. The courts ruled that the old structure in which the seller paid both the buyer’s and seller’s agent's commission created potential conflicts of interest and constituted monopolistic behavior. Now buyers will be required to negotiate the compensation with their agents rather than depending on the seller to pay the agents’ commission. As well, Gold has become a popular investment recently due to the perceived economic and political risk that many people feel. However, there are several downsides to owning gold, including the lack of cash flow or liquidity, the higher income tax rate, and the risk of theft. In addition, gold has historically offered lower returns and higher price volatility than other investment vehicles such as stocks. Plus a look at the Planned Solutions Incorporated Office Bulletin Board - Daryl recently volunteered at Sac State providing coaching and guidance to their Financial Wellness Peer Financial Coaches. The Financial Wellness Program at Sac State is a program created to promote and assist students with money management. The income tax return deadline for those who filed for an automatic six-month extension is October 15th this year. Therefore, anyone who has not yet filed their income taxes should start working on them very soon. To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail ⁠⁠⁠⁠⁠⁠⁠Katie@PlannedSolutions.com⁠⁠⁠⁠⁠⁠⁠ The Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action. Chase Armer's book- Financial Planning Insights is now available at: ⁠⁠⁠⁠⁠⁠⁠⁠https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpb⁠⁠⁠⁠⁠⁠⁠ Intro 00:00 Coast FIRE Movement 01:20 Changes to Real Estate Commissions 10:32 Is Gold a Good Investment? 16:47 Bulletin Board 22:08 Planned Solutions, Inc. ⁠⁠⁠⁠⁠⁠https://www.plannedsolutions.com/⁠⁠⁠

26 min
Inflation Is Cooling, But Many Households Still Feel the Pinch, The True Cost of Teen Driving & New Social Security Website
26 September 2024
Inflation Is Cooling, But Many Households Still Feel the Pinch, The True Cost of Teen Driving & New Social Security Website

Welcome to the⁠⁠⁠⁠⁠⁠ ⁠ @plannedsolutions ⁠ ⁠⁠⁠⁠⁠⁠Incorporated Podcast. In this episode, we discuss the rate at which prices were increasing has eased but many households are still feeling the pinch from inflation. One of the factors that explains why some households are feeling more of the pinch than others is that inflation has not been evenly distributed across all goods and services. Instead, certain categories have experienced higher inflation than others so the mix of a given household's normal spending will have a big impact on their individual inflation rate. Also, The costs of adding a teen driver are often far more than most parents anticipate. There are the obvious costs of an additional vehicle, higher insurance premiums, and increased fuel costs. However, there are also the higher costs that often come with the increased freedom that teens can enjoy when they are able to drive themselves. These include higher household food, entertainment, and shopping expenses. As well, The Social Security Administration is updating its website which will require long-time users who registered under the old system to update their accounts. Setting up access to a Social Security account before it is needed is good policy as other forms of accessing Social Security information, such as calling or visiting a local office, can lead to long delays in accessing information that may be needed to file for benefits or file tax returns. Plus a look at the Planned Solutions Incorporated Office Bulletin Board - The Harlan D. Wood and Debbie Druivenga Memorial Cancer Charity Golf Tournament Date: Friday, October 11, 2024 Location: Rancho Murieta Country Club – North Course 7000 Alameda Drive Rancho Murieta, CA 95683 Time: 1:00pm shotgun start, 5:30pm dinner You can register by visiting: https://www.eventcreate.com/e/plannedsolutionsgolftournament2024 All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the dinner. To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail ⁠⁠⁠⁠⁠⁠Katie@PlannedSolutions.com⁠⁠⁠⁠⁠⁠ The Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action. Chase Armer's book- Financial Planning Insights is now available at: ⁠⁠⁠⁠⁠⁠⁠https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpb⁠⁠⁠⁠⁠⁠ Intro 00:00 Inflation Is Cooling, But Many Households Still Feel the Pinch 01:55 The True Cost of Teen Driving 09:58 New Social Security Website 15:44 Bulletin Board 18:48 Planned Solutions, Inc. ⁠⁠⁠⁠⁠⁠https://www.plannedsolutions.com/⁠⁠⁠

25 min
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