Radio Interviews with Kerri Miller on The Daily Circuit:
Retirement happens in stages
"I am convinced that planning for retirement really begins with getting rid of the word "retirement" altogether," writes Ruth Hayden, personal finance educator. "It is much more productive and, actually, more accurate to think of retirement as simply a developmental stage, much like other stages we have all gone through."
Hayden joined MPR News' Kerri Miller to talk about a different way to think about retirement.
Broadcast: The Daily Circuit: 10:20 AM June 25, 2015
How to handle new love, old dollar bill blues
For too many couples, money conflicts can blindside a solid relationship. About 68 percent of couples said money conflicts would be their "number one" reason for divorce — even more often than infidelity, according to a recent Bank of Montreal survey. A Utah State study found that fighting over money was a strong predictor of a split. What should you do if you've just embarked on couplehood and want to avert the money trouble lurking around the corner?
Broadcast: The Daily Circuit: 10:20 AM February 27, 2014
Why women need to know more about money
"In my office, I show them how to do risk assessment. If I put my money in here, what's the upside? And what could be the potential downside? The way you make a decision is you manage the downside. 'Can I live with that? Can I manage that? If I can, let's go for it.' There is always some kind of a negative in every decision. And if women are waiting until they have all the negatives managed and they're absolutely sure — it's not going to happen."
Broadcast: The Daily Circuit: 10:20 AM December 11, 2013
Ruth Hayden's 4-point business plan
If the need to create a formal business plan is holding you back from starting your own company, take heart. Ruth Hayden says those plans never work out, anyway." There was an article in the Wall Street Journal about a year ago that said, 'You know those 46-page business plans that you develop in that class you took? When they hit the market they fall apart,'" said Hayden, a consultant and personal finance educator.
Instead, she said, an aspiring entrepreneur can boil the business-plan function down to four simple questions.
Broadcast: The Daily Circuit 10:06 AM October 10, 2013
Are American households feeling the economic recovery?
Recent economic numbers represent a mixed bag. Personal finance educator Ruth Hayden joins The Daily Circuit to discuss how these competing forces affect household finances.
Broadcast: The Daily Circuit 10:20 AM August 8, 2013
How much money do you need to retire? Do you plan to retire? If so, you better start saving now, or yesterday."In a nutshell, inflation explains the Sunbelt. It's not just about warmer climes and country living. Retirees often simply have to find cheaper places to live. States like Florida fill up with older folks in part because of good weather -- but zero state income tax, real estate exemptions and other tax breaks are a big draw, too." (Forbes)
Broadcast: The Daily Circuit 10:06 AM, June 6, 2013
For couples and money, here are three tips that won't work
Ruth Hayden's book on mates and money, "For Richer, Not Poorer," offers advice to help couples live together financially as well as emotionally."My challenge to the couples I work with is: It starts first internally. Then we can change the external," she said. "The external, which is making more money, or how much are we going to spend, is less than 20 percent of the success with money. At least 80 percent is what I call internal, which has to do with skills and how we approach money.
Broadcast: The Daily Circuit 10:20 AM, April 11, 2013
Retirement preparations by young people
What should young people people be doing to prepare for retirement? Finance expert Ruth Hayden talks about retirement goals and preparation.
Broadcast: The Daily Circuit 10:06 AM, February 12, 2013
On money and divorce
About 1 in 10 marriages end before the five-year anniversary and 1 in 4 don't make it to the 10th anniversary. When a marriage does end, financial struggles often make the process more challenging and painful.
What are the best strategies for dealing with the inevitable financial bumps in the road? And, if your marriage does end, what are some steps to take to ensure that all parties can protect their assets and not end up in financial ruin?
Women need to be more prepared for the possibility of divorce.
Create a plan at the beginning of the partnership.
Keeping the house isn't always the best decision.
Keep your retirement money.
Think about the tax ramifications of your assets and forecast their value over time.
Broadcast: The Daily Circuit 11:15 AM, October 12, 2012
Dating: Is debt a deal-breaker?
How does debt affect your relationship? With more people in America accruing debt, many worry about taking on their partners' student loans or credit card debt.
Should you end a relationship because of serious debt - and if you choose to stay, what kinds of conversations do you need to have about fiscal responsibility and each partner's role in managing funds?
Broadcast: The Daily Circuit 10:20 AM, August 10, 2012
On the sandwich generation's financial security
As baby boomers age, many find themselves stuck between financial necessities: caring for elderly parents and helping put their kids through college. How can people balance these obligations in addition to trying to save for their own retirement?
Personal finance educator and consultant Ruth Hayden will join The Daily Circuit Friday to help navigate the murky in-between waters of financial security in middle age.
Broadcast: The Daily Circuit 11:15 AM, June 29, 2012
Are young people saving for retirement?
There are easy ways to begin to think about saving for your future, even when you're facing college costs or the expenses of your early 20s. What can young people can do to prepare for retirement, and how can you balance retirement when you're in the 'crunch' period of your 30s - dealing with new babies and ailing parents.
Broadcast: The Daily Circuit 10:06 AM, May 11, 2012
Getting an affordable college education
The cost of a college education is becoming one of the pressing issues of our time. Today--with the cost of tuition as high as it is--students have to use a much smarter strategy for choosing a college. And students have to think about the debt they'll have to pay off after graduation: There are 38 million Americans with student loan debt. In 2010, Minnesota had the 4th highest average in the nation. The national average is around $25,000, a 5 percent increase from 2009.
How do you figure out what you can afford--now and later? Personal finance educator and consultant Ruth Hayden joins The Daily Circuit Friday to discuss how families can figure out what they can afford, and how to get the best education without accumulating loads of debt.
Broadcast: The Daily Circuit 10:06 AM, March 2, 2012
Student loans, from the parents' perspective
When college students take out loans to pay for school, they are assuming a large load of debt that could affect their finances for years. What role should parents play in guiding their children through that process, and should parents jeopardize their own financial future to help pay for higher education?
Broadcast: Midmorning, 06/03/2011, 10:06 AM
How to create a cash cushion
A recent survey indicated that nearly half of American households couldn't come up with $2,000 in cash within thirty days. In this recession that just won't quit, what are you doing to build an emergency cash cushion?
Broadcast: Midmorning, 08/05/2011, 10:06 AM
Principles to build your wealth
Though our financial goals and obligations may vary widely, personal finance experts agree there are a few principles that can help guide your planning. Ruth Hayden shares her golden rules for money management. Broadcast: Midmorning, 10/08/2010, 10:06 AM
Idealistic, and realistic, retirement planning
Broadcast: Midmorning, 04/09/2010, 10:06 AM
How much we save for retirement often depends less on what we know we'll need and more on what we can afford to set aside. Ruth Hayden has ideas for setting realistic retirement goals and ways to reach them.
How to escape the debt trap
Broadcast: Midmorning, 02/04/2011, 10:06 AM
Whether it's school loans or credit card bills, debt is a reality facing many Americans. Midmorning's financial consultant has some tips on how to make your debt more manageable.
What's your financial new normal?
Broadcast: Midmorning, 02/05/2010, 10:06 AM
Consumers are discovering that they need to have a whole new level of spending that's lower than in the past. Personal finance guru Ruth Hayden says a new way of managing your money means more than just cutting back on purchases.
Three life decisions that couples have to make
Broadcast: Midmorning, 07/02/2010, 10:06 AM
Personal finance expert Ruth Hayden joins Midmorning to talk about the three financial life scenarios that couples need to face: 1. How they will work together on money as a couple? 2. What happens if their relationship ends? 3. What happens when the first one of them dies?
How to find the extra money in your budget
Broadcast: Midmorning, 03/13/2009, 9:06 AM
As the tough times continue, many of us are looking for creative ways to cut back. Ruth Hayden has ideas for listeners on how to weigh the options.
For couples, different paychecks can cause a rift
Broadcast: Midmorning, 12/04/2009, 9:06 AM
Money can really wreck the romance in any relationship. Ruth Hayden offers advice on how to keep money in perspective, especially when one makes more than their partner.
Strategies for weathering the recession
Broadcast: Midmorning, 11/14/2008, 10:16 AM
No matter how deep this recession proves to be, the ways to cope are the same from downturn to downturn. Ruth Hayden and listeners talk financial strategies for tough times.
Money management for singles
Broadcast: Midmorning, 08/06/2010, 10:06 AM
Whether you're just out of college and on your own, or recently divorced or widowed, financial planning can be a challenge. Ruth Hayden joins Midmorning to provide some tips on planning for a secure financial future..