Podcast by Making Cents of Money
Episode 12: Preparing for Retirement
For many, saving for retirement can be daunting. In fact, according to the Federal Reserve, a quarter of Americans don’t have any retirement savings. However, saving for retirement can be much simpler than you would think and in Illinois, Secure Choice is an excellent way to get started. On this episode of Making Cents of Money, Courtney Eccles from the Illinois Treasurer’s office joins us to break down the retirement crisis in America and how Illinoisans can start saving with Secure Choice.
Learn more about Secure Choice here: https://www.ilsecurechoice.com/
Episode 11: Saving for College with a 529 Savings Plan
Does saving for your children's college have you worried? In this episode of Making Cents of Money, we introduce you to 529 plans: how they work, how they differ from other types of saving accounts, what options are available in Illinois, and how you can use the money without incurring penalties.
Featuring two special guests from the Illinois Treasurer's Office:
Fernando Diaz, Chief Financial Product Officer
John Mitchell, Director of College Savings
Additional resources mentioned in the episode:
-Sign up for Bright Start: brightstart.com
-Sign up for Bright Directions: brightdirections.com
-You may also sign up by calling (877) 432-7444 between 7 am and 7 pm on Monday through Friday
Bright Start on Social Media:
Episode 10: Taxes!
Tax season is here! Do you have questions about your taxes? What are exemptions and deductions, where can I file, and how do stimulus payments effect your taxes? We cover all of that in this episode of Making Cents of Money, check it out!
Links Referenced in the show:
Taxes Webinar: https://go.uillinois.edu/getsavvywebinars
IRS Free File: https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free
Info on VITA & TCE Programs via IRS: https://www.irs.gov/individuals/free-tax-return-preparation-for-qualifying-taxpayers
United Way’s MyFreeTaxes: https://www.unitedway.org/myfreetaxes/unitedway
Ladder Up: https://www.goladderup.org/our-services/tax-assistance/
Get Your Stimulus Check (IL): https://getmypaymentil.org/
Episode 9: Financial Education and Financial Literacy
Financial education is essential for our children & their future. On this episode, we discuss financial literacy in the US & programs for ages pre-K through high school. Teachers, school administrators, and parents, this episode is especially for you!
Resources discussed in the episode:
Economic Awareness Council - https://www.econcouncil.org/
Check you stimulus check status - https://getmypaymentil.org/
On the Money Magazine - https://www.otmonline.org/
Money Minded Illinois - https://illinoistreasurer.gov/Financial_Education/Overview
Episode 8: Holiday Savings Tips and New Year's Goals
Holiday spending have you stressed out? Check out this week’s episode of Making Cents of Money to hear all about some holiday savings tips and tricks and basic financial goal setting for the New Year. Happy Holidays!
Episode 7: The Anti-Predatory Lending Database
This week on the podcast we discuss predatory lending and the Anti-Predatory Lending Database. Our special guest, Katie Liss from IDFPR Division of Banking, breaks down everything you need to know about predatory lending in mortgages and how the APLD helps to mitigate some of these predatory practices. Make sure you check it out so you know how to protect yourself from predatory lending practices!