1/27/2014 | The Super Bowl on a Budget

How to Get Rich w/ oXYGen Financial Topic: The Super Bowl on a Budget Taped 1/27/14 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Regular Guys and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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The One Secret Your Benefits Department Never Told You About Your 401(k)

What if we were to tell you that you could get access to part of your 401(k) today and NOT pay a single penalty to move your funds into an IRA account?  You would think that we were kidding, right?  Unfortunately, most Time Warner employees (CNN, Cartoon Network, Turner, TBS, TNT, etc.) are unaware of a little known rule in your summary plan description of your 401(k) called an “in-service distribution”. Time Warner permits an in-service distribution which would allow you to withdrawal some of your money from the 401k and roll it over to an IRA while you are still employed with the company!  YES, this is 100% TRUE.  Call Fidelity yourself and find out!  By rolling over the assets to an IRA, you can maintain control of how you manage your money. Let’s face it- – some 401k’s are deficient with high fees, limited investment fund choices, and your ability to customize an investment process within your 401k is restricted. Here are three reasons you should consider an... ...

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Five Financial Moves To Make When You Change Jobs

Whether you leave your employer or your employer leaves you, changing jobs can be one of those money triggering events when you begin to take stock of where you are financially.    Job changes often bring along new responsibilities and challenges, and experience tells us that analyzing and maximizing your new benefits package normally goes to the bottom of the barrel.    This makes a ton of sense as typically the first three to six months in a new position you are immersed with the learning curve of a new role at a new company.    Having a financial advisor by your side can be a valuable resource to make these important decisions.   Here are five financial moves to make when you change jobs. Get all of your 401(k)’s in one backyard- When you hop from job to job, you may have left your 401(k) at your former employer.    I often refer to these as orphan 401(k)’s because most participants don’t pay attention to these once they leave their employer.    It is really... ...

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How Bill Belichick And Deflategate Can Help You Save Money On Your Super Bowl Party

It’s all anybody can talk about now leading up the Super Bowl . . . #deflategate.   Even though Bill ‘the science guy’ Belicheck has vehemently denied any tampering with the footballs, there is silver lining from #deflategate.  What if Bill Belicheck was helping you host your Super Bowl party?  Maybe he could draw a parallel from deflating footballs to showing you how to deflate your budget and still pull off a touchdown for a Super Bowl Party.  The Super Bowl is the second largest single day of food consumption after Thanksgiving.  It also ranks as the most widely watched television show of the entire year.  This can be an exciting day to invite over family, friends, and work colleagues over to your home to enjoy the big game.   If you don’t have a big budget to host the Super Bowl, here are my (and Uncle Bill’s) smart money moves to stretch your dollar into the end zone. Make It A Potluck Sunday- If you are smart and stick to finger... ...

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Why Your Family Income Statement May Be In The RED

Whether or not you accept the role, you are the CEO of your family finances. Many seasoned manager and vice presidents do an excellent job at work managing the profit and loss (P & L) for their divisions. However, most don’t apply the astute management techniques they learn at work to their family finances. Why not? The fact is that even if you have a college degree or an MBA, nobody ever really teaches a personal finance course on how to run your family finances like a business. The two metrics that most business owners review in their business are the income statement (P & L) and the balance sheet. Running your family income statement efficiently (or profit and loss statement) to maximize your cash flow is part I. The cash flow then drives the balance sheet (net worth) which is part II. Net worth is what will ultimately create your overall family financial security. The balance sheet is simply everything you own versus everything you owe or what some... ...

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The Case Of The Broken Cell Phone

Recently, we took our family to a very fun staycation in Nashville. With three teenagers in our household (17, 15, and 13), we often put all of the children together in a room of their own on vacations. The favorite social media application today for teenagers is Instagram bar none. As we all know, teenagers in every family love to squabble and jab at each other. While my youngest two children began to argue over an Instagram picture, my middle daughter decided it would be a good idea to launch my son’s phone across the room and against the wall with Tom Brady accuracy. Ultimately, when they picked up the phone the entire screen was cracked and the device was completely non-functional. In my opinion, many teenagers today simply don’t understand the value of a dollar. They most certainly don’t understand the cost of technology. To them, it all seems free as long as their mobile devices are working. Even though I believe it is a good value to put... ...

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1/20/2014 | The 5 Worst Things People Waste Their Money On

How to Get Rich w/ oXYGen Financial Topic: The 5 Worst Things People Waste Their Money On Taped 1/20/14 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Regular Guys and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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