Talking Facs

Host:  Mindy McCulley, MS Extension Specialist for Instructional Support, Family and Consumer Sciences Extension, University of Kentucky Guests: Kelly May, Senior Extension Associate for Family Finance and Resource Management and Barbara Breutinger, Family Financial Counseling Intern Season 8, Episode 1 On this segment of MoneyWi$e on Talking FACS we delve into the essentials of investing with Kelly May and Barbara Breutinger who work on the Family Resource Management side of Family and Consumer Sciences Extension. This episode unravels the intriguing differences between saving and investing, emphasizing the power of compound interest and the potential of growing your wealth over time. We discuss crucial investment strategies, focusing on the importance of starting early, regardless of age, and the benefits of employer retirement plans such as 401(k)s. Listeners will gain insights into building a diversified investment portfolio and understanding risk tolerance, along with tips on leveraging tax advantages an