The Wise Money Show
Tune in to 104.7 WFRN every Saturday morning at 8:00 am or 95.3 MNC every Saturday morning at 9:00 am for The Wise Money Show with Korhorn Financial Group! Every episode is also available on podcast and YouTube!
Listen to local Certified Financial Planners™ Kevin Korhorn, Josh Gregory, and Mike Bernard discuss current financial planning issues and answer your financial questions.
Join us for a weekly discussion about financial topics that impact you: saving for retirement, planning for college, managing your investments, tax planning, insurance, good financial habits for small businesses, what you need to know about Medicare and much more.
Five 401k Decisions You Must Make
Season 8/Episode 38
This episode explores the crucial financial decisions you must make regarding your 401k retirement plan. Gain the knowledge and confidence to navigate your 401k, 403b, or other employer retirement account wisely and make informed decisions that align with your retirement plan on this episode of Wise Money, joined by Retirement Plans Advisor Corey Johnson.
5 Challenges Every Business Faces With Their Retirement Plan
Season 8/Episode 37
If you own or manage a small business, you know running the company's retirement plan and benefits is complex and cumbersome. We're discussing the five challenges every business faces with their retirement plan and how to solve them during this episode of Wise Money, joined by Retirement Plans Advisor Corey Johnson.
How the Banking Crisis Impacts Your Finances
Season 8/Episode 36
We're diving into the current banking crisis and how it can impact your finances, including savings, investments, and retirement planning. We're providing practical tips that can help you protect your hard-earned money in these turbulent times on this episode of the Wise Money Show.
How Tax Planning Can Make for a Better Tax Return
Season 8/Episode 35
We're breaking down the key tax planning strategies that can be used to maximize tax deductions, credits, and exemptions and minimize tax liabilities. Learn how to take a proactive approach with your taxes and make tax planning a regular part of your financial routine for a better tax return during this episode of the Wise Money Show.
Financial Advice for Graduates | Wise Money Commencement Speech
Season 8/Episode 34
It's graduation season, and the next generation is about to enter the workforce, start their careers, and start their financial life. We're providing the financial advice all graduates need to hear in our Wise Money Commencement speech during this episode of the Wise Money Show.
College Planning Changes for 2023
Season 8/Episode 33
What is the best approach to help your children or grandchildren achieve their college dreams, even as the world of college planning continues to shift? Join us as we break down the most recent changes in college planning and provide you with practical advice on how to prepare, save, and guide your loved ones through the process during this episode of the Wise Money Show.
What Happens to a 401k Loan if You Switch Jobs
Season 8/Episode 32
What happens to your 401k loan when you switch jobs? We dive into that and other financial questions submitted by listeners. Join us as we demystify the process and provide guidance to help you make well-informed decisions during this episode of the Wise Money Show.
4 Potential Changes Coming To Social Security
Season 8/Episode 31
Dive into the world of Social Security reform as we discuss the top 4 potential changes proposed by lawmakers. Learn about raising the retirement age, altering the benefit calculation, modifying payroll taxes, and means-testing benefits. Join us as we break down each proposal, analyze their potential impact, and discuss how you should plan for the future of Social Security on this episode of the Wise Money Show.
How The SECURE Act 2.0 Impacts Your 401k and Retirement
Season 8/Episode 30
The SECURE Act 2.0 created many changes that will impact employers, employees, and their retirement plans. From expanded retirement plan access to increased flexibility in retirement savings, we will examine the key changes and what they mean for your retirement planning. With the help of special guest Corey Johnson, AIF®, we're covering that during this episode of the Wise Money Show.
The State of the Consumer in 2023
Season 8/Episode 29
Accounting for over 70% of GDP, the consumer's financial condition is vital to the stock market and economy. After significant inflation and higher borrowing costs, is the consumer strong, or are they starting to crack under the weight? We're covering that and more on this episode of the Wise Money Show.
3 Questions to Ask Every Year for Optimal Tax Planning
Season 8/Episode 28
Every year before you finalize your tax return, you must ask yourself three crucial tax planning questions. From maximizing deductions to strategizing retirement contributions, these key questions can help you pay less tax and optimize your tax return. We're covering this and ensuring you're fully prepared for tax season on this episode of the Wise Money Show.
Debt in Retirement: Tips and Strategies for Managing Debt
Season 8/Episode 27
Managing debt in retirement can be challenging, but there are ways to ease the burden. In this episode of the Wise Money Show, we'll cover tips and strategies for how retirees can take control of their debt to live a financially secure retirement.
Understanding the Changes to Roth Accounts and Maximizing Your Retirement Savings
Season 8/Episode 26
Recent changes to Roth IRAs and Roth 401ks by the SECURE Act 2.0 are encouraging more Roth-style contributions. We'll explore these changes' benefits and potential drawbacks and discuss how they may affect your retirement savings strategy. We'll also share tips and tricks for maximizing your contributions and maximizing your retirement savings on this episode of The Wise Money Show.
Biggest Ways the SECURE Act 2.0 Will Impact Your Finances
Season 8/Episode 25
The SECURE Act 2.0 will impact every American's financial life and financial decisions. We're taking the issue head-on and helping you understand the biggest ways the SECURE Act 2.0 will impact your finances on this episode of the Wise Money Show.
Tax Law Changes From the SECURE Act 2.0
Season 8/Episode 24
As the 2023 tax season gets underway, it’s important to begin planning for how your tax picture will change as the SECURE Act 2.0 begins to be implemented. Helping us unpack the tax changes you need to begin planning for is special guest Ryan Fair, CPA.
Traps to Avoid When Going From an HSA to Medicare
Season 8/Episode 23
More and more people have an HSA-eligible High Deductible Health Plan and are funding an HSA. While we love the tax benefits that the HSA offers, funding an HSA right before transitioning onto Medicare can create some tax traps. We're helping you identify those challenges and know what to do to avoid these traps on this episode of the Wise Money Show.
What Changes Should You Make in Your Investments for 2023
Season 8/Episode 22
2022 was the most turbulent year in the stock market since 2008 and the worst year on record in the bond index. With such a challenging year behind us and most economists forecasting a challenging year ahead, what changes should you make to your investments for 2023? We're helping you with that on this episode of Wise Money.
How to Avoid Paying Tax on Your Social Security
Season 8/Episode 21
More and more people are paying taxes on their Social Security each year. What can you do today to avoid paying taxes on your Social Security in the future? We're sharing our strategies and more on this week's episode of the Wise Money Show.
Do These 5 Things if You Plan to Retire in 2023
Season 8/Episode 20
What should you do with your finances if you are planning to retire in 2023? We're talking through the 5 items you need to focus on today to reach that goal during this episode of the Wise Money Show.
How to Thrive Financially in 2023 - Recession or Not
Season 8/Episode 19
Most economists anticipate a recession in 2023, so what steps should you take in your finances today to ensure you thrive in the new year, whether we face a recession or not. We're helping you with that on this episode of the Wise Money Show.
Financial Lessons from Past, Present, and Future
Season 8/Episode 18
We've all made past financial mistakes; the hope is to learn from them and not repeat them. From a unique perspective today, we're helping you overcome common financial mistakes to avoid an unpleasant financial future.
How to Raise Financially Responsible Kids
Season 8/Episode 17
What habits should you be instilling in your young children, and how much help or support should you be providing to your grown children? We're providing you with timeless principles to help you raise financially responsible kids on this episode of the Wise Money Show.
How to Invest if Nearing Retirement
Season 8/Episode 16
Retiring in the midst of financial turmoil can be a daunting task, but with the right strategy and comprehensive approach to your financial life, it doesn't have to be. Structuring your investments for a successful retirement is key. In this episode of Wise Money, we'll share insights on how to structure your investments if you're nearing retirement.
End of Year Tax Planning Strategies for 2022
Season 8/Episode 15
As the end of 2022 approaches, it leaves just a few weeks to complete some essential tax planning before it's too late. Roth Conversions, tax loss harvesting, and depreciation planning are just a few that you need to consider before the end of the year. We're joined by CPA Ryan Fair to break down these items and more in this episode of the Wise Money Show.
3 Tax Planning Strategies Are Getting Better in 2023
Season 8/Episode 14
There are 3 tax planning strategies that are being enhanced in 2023. In today's episode, we're discussing how they are being improved, what the benefit is for you, and how you should implement these strategies.
Will the Social Security COLA Raise Your Taxes?
Season 8/Episode 13
Social Security recipients will be receiving a significant Cost of Living increase for 2023. While this is a welcome benefit to retirees, it could mean a higher tax bill due to the unique way in which Social Security benefits are taxable. We're helping you plan ahead to avoid this tax increase on this episode of Wise Money.
5 Ways to Catch Up on Retirement Savings
Season 8/Episode 12
The new retirement plan contribution limits are out for 2023 and it’s great news if you need to catch up on your retirement contributions. What are some ways you can catch up on your retirement savings if you’re feeling behind? That and more on this episode of Wise Money.
Medicare Rates and Open Enrollment for 2023
Season 8/Episode 11
Medicare Open Enrollment for 2023 is from October 15 through December 7th. We're covering what you need to know about open enrollment, what actions you need to take, and how Medicare rates are surprisingly changing for 2023 on this episode of Wise Money.
Retire Confidently in Uncertain Times
Season 8/Episode 10
Were you hoping to retire at the end of 2022 or in the near future, but now unsure if you can do so given this year's stock market performance? How can you still retire with confidence despite the uncertainty in the markets? We’re helping with that and more on this episode of the Wise Money Show.
Should You Get Life Insurance For Your Kids?
Season 8/Episode 9
Should you carry life insurance on your young, dependent children? Emotionally you may feel that you absolutely should, but financially, is this a wise move? If you should get this coverage, where is the best place to get this insurance from? We’re answering those questions and more on this episode of the Wise Money Show.
Financial Planning Opportunities in Down Markets
Season 8/Episode 8
The market downturn thus far in 2022 is emotionally challenging to handle, however, it does present savvy investors with unique financial planning opportunities. How can you be opportunistic during this bear market? We're sharing the financial planning strategies you need to consider using during this down market on this episode of the Wise Money Show.
What is IRMAA and How to Avoid It
Season 8/Episode 7
If your income is above certain thresholds leading up to or in retirement, you may be required to pay a higher amount for your Medicare parts B and D. This charge is known as IRMAA, or Income Related Monthly Adjustment Amount, and can increase what you pay for Medicare. Were explaining how this works and how you can avoid its impact in this episode of the Wise Money Show.
Where to Draw Money From When Retiring Before Age 59.5
Season 8/Episode 6
Saving up for retirement using your 401(k), 403(b), IRA, and Roth IRA, all have one common limitation: withdrawing money from them before age 59.5 could cause you to pay a penalty. If you plan to retire before age 59.5, where should you save up money so that you can bridge the income gap until age 59.5? We are covering that and more during this episode of the Wise Money Show.
UnRetiring - Financial Impact of Returning to Work After Retiring
Season 8/Episode 5
More than ever people are returning back to work after retiring. Though most people plan to retire only once, should you reenter the workforce after retiring, what financial planning strategies exist and what consequences do you need to be aware of? We're covering that on this episode of the Wise Money Show.
Crucial Financial Decisions Part 2
Season 8/Episode 4
Some financial decisions are more important than others - if you get the decision wrong, it could have enormous consequences. We call those "crucial financial decisions". In this part 2 episode of Wise Money, we cover even more crucial financial decisions you could face in your lifetime and how you can make the right choice.
Top 5 Crucial Financial Decisions
Season 8/Episode 3
Some financial decisions are more important than others - if you get the decision wrong, it could have enormous consequences. We call those "crucial financial decisions". In this episode of Wise Money, we cover the top 5 crucial financial decisions you could face in your lifetime and how you can make the right choice.
Student Loan Cancellation - The Details and How to Make the Most of It
Season 8/Episode 2
The White House has announced the cancellation of up to $20,000 of Federal student loans for eligible borrowers. What are the details of the cancellation, what are the next steps, and what should be your approach to student loans in the future? That and more on this episode of the Wise Money Show.
The Step Before Budgeting Most People Miss
Season 8/Episode 1
Budgeting can often time be the difference maker between having long-term financial balance and not. If you're ready to get started budgeting, there's a critical step that you need to take before you jump in. We're helping with that and more on this episode of the Wise Money Show.