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Financial Tip

The Financial Tip airs Wednesday at 12:15 p.m. on WBNG. It features financial expert Glen Wood of The Glen Wood Financial Group, Inc.

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Financial Tip: Insurance on a Rental Car Video included

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Car rental agencies offer auto insurance on the vehicle when we rent it. Should we take them up on it?

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Financial Tip: Sharing Your Social Security Number Video included

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 A Social Security number has become a near-universal form of identification, and is often sought whenever you give out your personal information, but must you provide it? 

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Financial Tip: Store Credit Cards Video included

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Nearly every retail store offers you a credit card at checkout. Should you "Say yes?"

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Financial Tip: Car Buying Tips Video included

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Buying a car is a big deal. There are a lot of things you should know before you take the first step. Glen Wood of the Glen Wood Financial Group shares some car buying tips. More>>

Financial Tip: Strategies to get through turbulent times Video included

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It's difficult to watch your investments decrease in value during market declines, but we need to keep some fundamental investing principles in mind. Glen Wood of The Glen Wood Financial Group shares some of those principles. More>>

Financial Tip: Does Money Buy Happiness? Video included

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Recent research had shed some light on the age-old question, "Does money buy happiness?"  Weekly guest, Glen Wood of The Glen Wood Financial Group shares the research. More>>

Financial Tip: Misconceptions About Power of Attorney Video included

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Many of us understand the purpose of a Power of Attorney. What many of us don't understand are the misconceptions of a Power of Attorney, which can cause major issues for you, regardless of age.

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Financial Tip: Common Financial Mistakes Video included

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We're looking at some common financial mistakes that can lead to major economic hardship.

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Financial Tip: Three Questions Video included

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Most Americans don't know the basics when it comes to money, and they should.  Weekly guest, Glen Wood of The Glen Wood Financial Group tells us about a survey that ask three basic questions. Most respondents could not answer all three. Can you?

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Financial Tip: Underinsured Video included

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What happens if you're injured in a car accident by someone whose insurance coverages for Bodily Injury to you are not enough to cover your injuries or if they have no coverage at all? 

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Financial Tip: Tax Scams Video included

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Identity thieves are getting more sophisticated at tricking taxpayers into revealing their personal information. Weekly guest Glen Wood of The Glen Wood Financial Group tells us some examples of scams you may encounter this tax season and what to look out for. More>>

Financial Tip: Value of 1% Video included

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Redirecting a portion of discretionary spending away from minor indulgences like lattes and toward retirement savings would seemingly have little effect on the end result, but you'd be surprised. 

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Financial Tip: Men vs. Women Retirement Costs

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Men and women feel differently about savings patterns, spending habits, goals and even retirement-savings activities. To address these financial aspects of men and women we seek advice from weekly guest, Glen Wood, of The Glen Wood Financial Group. More>>

Financial Tip: Longevity Video included

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Recent research conducted by the Society of Actuaries (SOA), revealed that older Americans are living longer than previously estimated. How much longer? 

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Financial Tip: Keep the Faith

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In the past couple of weeks the markets had the most volatility in two years. What may be happening?  Weekly guest, Glen Wood of The Glen Wood Financial Group weighs in. More>>

Financial Tip: Love and Money Video included

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Managing money issues within the family can often cause added family problems. Weekly guest, Glen Wood, of The Glen Wood Financial Group gives some tips to help smooth out the bickering.  More>>

Financial Tip: January Barometer Effect Video included

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Does the month of January tell us anything about what may happen with the rest of the year in the markets? Glen Wood of The Glen Wood Financial Group gives us the answer. More>>

Financial Tip: When to Drop Collision Video included

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Should you drop the “Collision Coverage” on your car insurance? What will happen if you do? Weekly guest, Glen Wood of The Glen Wood Financial Group explains. More>>

Financial Tip: Stock Price and Total Return Video included

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You’re interested in purchasing some stock. You’re considering two companies. The first company’s current price per share is $50; the second company’s price per share is $10. If they are both projected to return 10%, which one should you buy?

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Financial Tip: Value of a Financial Advisor

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Working with a financial advisor may add “value” in a number of ways. Weekly guest, Glen Wood of The Glen Wood Financial Group has the study to prove it. More>>

Financial Tip: The Financial Literacy Crisis Video included

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Imagine driving a car without a basic understanding of the rules of the road, or even how to operate it. It's a scary thought. Something scarier, not knowing your own finances and how to manage them.

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Financial Tip: Top Money Wasters Video included

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Benjamin Franklin once said, “A penny saved is a penny earned.” The modern upgrade to that observation might be that $100 not spent is more like $143. How so?

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Financial Tip: Credit Score Do's and Don'ts Video included

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In today’s world, we all know how important a good credit score is. What we don’t know are the do’s and don’ts of making and keeping a good credit score. Glen Wood of The Glen Wood Financial Group gives us some tips. More>>

Financial Tip: Lowdown on Credit Scores

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Did you know the credit score provided to you may be different from the one provided to lenders? Well if you didn’t, you should.

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Financial Tip: Sector Investing Video included

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Sector investing is growing in popularity among investors who want broaden their investment strategy beyond conventional allocations and investment styles.

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Financial Tip: The S&P 500 Index Video included

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Very often in our weekly financial tips with Glen Wood of The Glen Wood Financial Group, we reference The S&P 500 Composite Index. In this segment, Glen explains more about it. More>>

Financial Tip: Overlooked Home Improvement Item Video included

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If you’re like most homeowners, you love selecting the fixtures, fabrics, and paint colors of your home improvement project. But there is one very important item that you may overlook.

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Financial Tip: Renter's Insurance Video included

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Renters sometimes overlook the need for insurance based on the belief that they may not have a significant amount of personal possessions or because the property is already insured by the owner.

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Financial Tip: Escaping the 10% IRA Penalty Video included

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Many us know that to take money from your traditional IRA too soon can create a 10% federal tax penalty. But, there are exceptions. Weekly guest, Glen Wood of The Glen Wood Financial Group identifies the top 5 exceptions. More>>

Financial Tip: Dividends Can Make a Difference Video included

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One consideration by many investors when investing in stocks relates to dividends. What can we learn about dividends? Glen Wood of The Glen Wood Financial Group explains.

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Financial Tip: History Lesson on S&P 500 Video included

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It’s no surprise that the S&P 500 index has been breaking records lately. Might it continue? Weekly guest, Glen Wood of The Glen Wood Financial Group gives us some advice.  More>>

Financial Tip: Umbrella Policy Video included

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Auto accidents can be scary things. Even scarier, if you don't have proper insurance coverage. Not having the proper insurance coverage could ruin your financial life.  Glen Wood, of the Glen Wood Financial Group explains. More>>

Financial Tip: Flood Cars Video included

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Buying a used car always adds to risk as a consumer, but when hurricanes hit the mainland that risk can be much greater because cars damaged in those hurricanes could be being sold across the nation.

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Financial Tip: Equifax Breach Video included

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The questions regarding the Equifax breach has been all over the news lately and weekly guest Glen Wood of The Glen Wood Financial Group has been fielding a number of them.  He tells us how we can protect ourselves.  More>>

Financial Tip: Mortgage Interest on a Second Home

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You’re thinking about buying that second home at the lake and wondering if you can write off the interest. Weekly guest, Glen Wood of The Glen Wood Financial Group explains. More>>

Financial Tip: Documents for College Students Video included

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Before your son or daughter heads to school, you need to possess three legal forms. What are they? Weekly guest, Glen Wood of The Glen Wood Financial Group explains the three documents that are needed and why parents should have them for their children. More>>

Financial Tip: The Dow Jones Industrial Average Video included

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Market movements are reported by stating the closing figures of the indexes and averages, like The Dow Jones Industrial Average. But, what is The Dow Jones Industrial Average? 

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Financial Tip: Loaning to Family

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Loaning money to family is a very sensitive situation. Weekly guest, Glen Wood of the Glen Wood Financial Tip explains the best way to handle this situation appropriately. More>>

Financial Tip: Stop Loss

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Buy, sell, hold. The three choices you have if you own stock. But how can you protect your profit in a stock? Weekly guest, Glen Wood of The Glen Wood Financial Group explains what you can do to protect your profit in a stock. More>>

Financial Tip: "Upside Down" in Your Car Video included

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Are you “upside down” in your automobile? Not sure what that means? Weekly guest, Glen Wood of The Glen Wood Financial Group explains what is means to be "upside down" in your automobile. More>>

Financial Tip: Retiree and Retirement Numbers to Know

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Glen Wood of The Glen Wood Financial Group talks statistics and trends that point to one conclusion: the 65-and-older age group is expected to become larger and have more influence in the future. 

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Financial Tip: Don't Procrastinate Video included

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We've all heard the saying, "The sooner you begin to save for retirement, the better!" In this financial tip, we're going to show you why the saying is so true.  Weekly guest, Glen Wood explains the importance of saving early and gives examples. More>>

Financial Tip: Gifting to Relatives Video included

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Are you in a financial position where you can feel comfortable gifting some money to a relative in need? Would you like to know the tax implications of such a gift? Learn the answer to those questions from weekly guest, Glen Wood of The Glen Wood Financial Group.   More>>

Financial Tip: Kids IRA Video included

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If you have young children or grandchildren then you know the benefits of saving for retirement as early as possible. Imagine a 10-year-old starting an IRA. But how? Weekly guest, Glen Wood of The Glen Wood Financial Group explains.   More>>

Financial Tip: Storms in the Southern Tier Video included

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The Southern Tier has its share of storms and high winds. Do you know if there are trees in your yard or your neighbor's that could fall and cause damage? If those trees do fall and cause damage, who's responsible?

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Financial Tip: Stock Prices

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We all pay attention to the direction of the stock market as it goes up and down. Many of us wonder what makes that happen? Weekly guest, Glen Wood of The Glen Wood Financial Group has the answer. More>>

Financial Tip: Early Retirement Video included

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For many Americans, the prospect of retiring early seems especially unlikely these days. But, it is still possible. Weekly guest, Glen Wood of The Glen Wood Financial Group explains. More>>

Financial Tip: Insurance Policies Video included

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When we buy insurance such as auto, home, health and life, we protect ourselves from possible devastating losses. But, some other types of coverage, with small threats are hyped, we need to know more before we buy them. Weekly guest, Glen Wood of The Glen Wood Financial Group explains how not all insurance is worth it.  More>>

Financial Tip: Deadly Sins of Investing Video included

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Saving more, diversifying, and rebalancing our investment portfolios may help us pursue our financial goals. But "investment sins" could be keeping us from doing it. Weekly guest, Glen Wood, of the Glen Wood Financial Group explains what those sins are and how they could be impacting us. More>>

Financial Tip: Rule of 72 Video included

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All investors should know, if they don’t already, something called the Rule of 72. Glen Wood of The Glen Wood Financial Group, explains the Rule of 72 and how it will help as you plan for retirement. More>>

Financial Tip: Social Security Video included

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Are you one of the many baby boomers who are trying to decide when to take your Social Security benefits? 

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Financial Tip: Cash or Credit? Video included

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We all know it’s nice to have access to some cash in savings or checking accounts for unexpected bills. But, should you keep that cash in a savings account or pay off a credit card?

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Financial Tip: Beta on Stocks

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Over the last 2 weeks, we’ve been sharing some examples of truisms and false thinking regarding stock picking. Today we’re sharing another analytical tool stock pickers can use to help them choose among the many stock choices.

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Financial Tip: Expensive Stocks Video included

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Last week we learned that “by itself”, a stock’s price has nothing to do with our potential return on investment. This week, we continue learning about stock picking with our weekly guest, Glen Wood of The Glen Wood Financial Group. 

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Financial Tip: Basic Premise for Stock Picking Video included

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For most of us, trying to choose a stock to buy is a daunting task. Weekly guest, Glen Wood of The Glen Wood Financial Group, helps us begin the process. More>>

Financial Tip: How Tickets Affect Your Insurance Cost Video included

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Did you or someone in your family recently receive a traffic ticket? How much may your premiums increase? 

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Financial Tip: Leaving Money to Family

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Are you one of the fortunate people who are unlikely to spend all the money you've accumulated during your life? Are you also, interested in which assets you should spend so that you may end up leaving more assets for your family?

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