Videos

Understanding your health situation and what you can afford is key when planning retirement. If certain options are out of your budget, exploring alternatives is important. Use tools like the plan comparison on medicare.gov to find the right fit for your needs. #RetirementPlanning #HealthcareCosts #MedicarePlans #BudgetingTips #FinancialHealth

If you’ve sold a home, run a small business, or engaged in any unusual financial transactions, it’s wise to keep your records for at least seven years. While the IRS typically doesn’t go back more than three years unless there are significant issues, holding onto your records for the longer…

Medicare plans come with many nuances that can be hard to navigate independently. A licensed insurance agent specializing in Medicare can help you understand the differences between plans and guide you in choosing the right one for your needs. Their expertise ensures you make informed decisions for your healthcare coverage.…

In this episode of The Ask Ralph Show, Ralph Estep Jr. dives into one of the most common questions: how long should you keep your personal and business tax records? He breaks down the IRS's recommendation to keep them for seven years and explains the tax implications for small business…

Planning to launch a short-term rental like an Airbnb? Your first step should be to check the legal requirements in your area. Many jurisdictions in the U.S. have regulations that may prohibit short-term rentals altogether or require specific permits and inspections. Ensure you’re compliant with local laws to avoid fines…

As a landlord, requiring your tenants to purchase renters insurance is a smart move. It protects their personal belongings and safeguards you in case of any incidents affecting the property. Additionally, it’s essential to discuss the tax implications of this arrangement with a financial advisor to ensure you’re fully informed.…

Thinking about safeguarding your retirement savings? Wondering about the 7 insurance options to protect your retirement? In this episode of The Ask Ralph podcast, Ralph Estep Jr. explores various insurance options that can help shield your assets in retirement. He discusses these options in detail and shares valuable insights to…

The ideal time to enroll in a Medigap policy is during your open enrollment period, which starts when you turn 65 and are enrolled in Medicare Part B. This six-month window is key to securing the right coverage. Remember, the best plan depends on your unique circumstances, so take the…

Retirement should be a time to enjoy life, not worry about unexpected expenses. Planning for healthcare costs isn't just about finances—it's about peace of mind. By preparing now, you can focus on what truly matters in your golden years. #RetirementPlanning #PeaceOfMind #HealthcareCosts #GoldenYears #FinancialWellness

Thinking about retirement planning? Wondering how much money you need to have saved to cover healthcare costs in retirement? In this episode of The Ask Ralph podcast, Ralph Estep Jr. breaks down the essential expenses associated with healthcare in retirement and helps you determine how to prepare financially. Ralph shares…

It's never too late to make changes that benefit your health—and your wallet. By focusing on a healthier lifestyle now, you can reduce potential healthcare expenses in retirement. Small steps today can lead to big savings tomorrow! #HealthyLiving #RetirementPlanning #HealthcareCosts #FinancialWellness #WellnessJourney

Many people are surprised by the gaps in Medicare coverage, which can lead to significant out-of-pocket expenses, adding up to an average of $315,000. Working with a financial advisor can help you create a personalized plan that addresses your health and financial needs, ensuring you're better prepared. #MedicareGaps #RetirementPlanning #FinancialAdvisor…

Are you nearing retirement and curious about how to access your 401(k) without penalties before age 59 and a half? In this episode of The Ask Ralph podcast, Ralph Estep Jr. explains the Rule of 55 and how it can help reduce your taxes. Ralph dives into this IRS provision…

The Rule of 55 allows you to access your 401(k) funds penalty-free before age 59 and a half, but it requires careful planning and a clear understanding of your financial situation. Remember, just because you can withdraw these funds doesn't mean you should, and it's wise to avoid taking everything…

The most important takeaway? Just because you can access your 401(k) funds, doesn't mean you should withdraw everything at once. In Barry's case, we created a detailed budget to ensure his withdrawals would support him throughout retirement. Managing your money wisely is essential to make it last—planning is key! #RetirementPlanning…

To utilize the Rule of 55 for early 401(k) access, your first step is to verify your age—you must leave your job in the calendar year you turn 55 or later. Next, check your 401(k) plan, as not all offers this option. Barry took the right step by confirming with…

Come join me live and share your questions and hear about the best ways to save money when selling a home. I can’t wait to answer your questions and share some financial advice from a Christian Perspective.

Many people are surprised to learn that most domestic health insurance plans, including Medicare, provide limited or no coverage for medical expenses incurred outside the U.S. This can lead to high out-of-pocket costs, as was the case when my mother-in-law needed care abroad. It’s essential to understand your coverage options…

Planning a trip abroad and unsure if you need extra medical insurance? In this episode of The Ask Ralph podcast, Ralph Estep Jr. tackles the important question: "Should I Purchase Special Medical Insurance When I Travel Abroad?" Drawing from real-life experiences, Ralph explains how medical emergencies overseas can lead to…

For tourists, accessing medical care in foreign countries can be a financial shock, as many nations have socialized medicine systems that cover citizens but leave visitors with steep out-of-pocket expenses. Understanding these differences is crucial to avoid unexpected costs while traveling. #TravelInsurance #MedicalCosts #HealthcareAbroad #TouristAwareness #TravelSmart

The greatest benefit of travel medical insurance is the peace of mind it offers. Knowing you’re covered for unexpected medical situations allows you to truly relax and enjoy your trip, free from the constant worry of potential sickness or injury. Don’t let health concerns overshadow your adventure! #TravelInsurance #PeaceOfMind #TravelSmart…

Online banking has various perks, such as no monthly fees, cash-back rewards, and built-in budgeting tools. Some banks even offer early access to your money with direct deposit pre-notes, helping you manage your finances more effectively. Discover the benefits of making the switch to online banking! #OnlineBanking #NoFees #CashBack #Budgeting

Online banks have made significant strides in customer service and security, offering 24/7 phone support, live chat, and even video chat options like my credit union provides. With state-of-the-art encryption and multi-factor authentication, your money is safer than ever. Explore the benefits of banking online today! #OnlineBanking #CustomerService #BankingSecurity #Fintech…

Managing our resources diligently is a vital responsibility entrusted to us by God. By taking advantage of online banking deals and perks, you can be a good steward of your finances, ensuring your money works harder for you. Make wise financial choices today! #Stewardship #OnlineBanking #FinancialWisdom #MoneyManagement #FaithAndFinance