ABLE accounts provide a powerful tool for families caring for individuals with disabilities, allowing them to save for expenses without jeopardizing government benefits. Certified Kingdom Advisors can help navigate the process and provide biblically wise financial advice. [... more]

When it comes to IRAs, understanding which beneficiary designation you're using is crucial to avoid unnecessary taxes and ensure a smooth inheritance process. The SECURE Act changed the rules, and now there are three designations: non-designated beneficiary, non-eligible designated beneficiary, and eligible designated beneficiary. Each has its own set of rules and implications, and knowing which one applies to you can make a big difference in your financial planning and retirement goals. [... more]

A will is the usual tool for passing assets on to your heirs when you die But for some things you don rsquo t need a will at all because there rsquo s a way you can ensure that certain assets go straight to your heirs without passing through probate On today's Faith amp Finance Live host Rob West will be joined by Valerie Hogan who rsquo ll give us a crash course on beneficiary designations and why you want to you use them Then he rsquo ll answer your calls and various financial questions nbsp See omnystudio com listener [... more]

Estate planning and retirement planning are crucial for ensuring that your assets are distributed according to your wishes. Beneficiary designations can help transfer accounts and assets without going through probate, but it's essential to keep them up to date and coordinate with your overall estate plan. A financial advisor can help you navigate the complexities of estate planning and retirement planning, including tax implications and investment strategies. Building an emergency fund is also vital for unexpected expenses, and understanding how social security benefits work can help you make informed decisions about your retirement. [... more]

Practicing financial stewardship and making informed financial decisions requires understanding God's will and biblical values. Rob West discusses the importance of praying within God's will, the difference between needs and wants, and how to manage finances according to God's principles. He also addresses topics such as capital gains tax, charitable giving, and financial planning for retirement, providing practical advice and biblical wisdom for navigating financial challenges. [... more]

The worst sports contracts in history have left athletes and teams reeling, with some players receiving massive payouts despite underperforming or being injured. From Jamarcus Russell's failed tenure with the Raiders to Gilbert Arenas' lucrative deal with the Wizards, these contracts have become infamous in the sports world. [... more]

Designating beneficiaries for life insurance, retirement accounts, and other assets can help avoid probate and ensure that loved ones receive the intended funds. Certified Financial Planner Hans Scheil explains the importance of reviewing and updating beneficiary designations to ensure they are current and accurate. [... more]

Estate planning involves arranging for the management and disposition of money and assets for incapacity and after death. It's essential to plan for incapacity, including power of attorney and long-term care, as well as after death, including wills, trusts, and beneficiary designations. Life insurance can be a great equalizer in second marriages, and taxes for heirs are also a crucial consideration. [... more]

Managing social security, Medicare, IRAs, long-term care, life insurance, investments, and taxes are crucial aspects of retirement planning. A trust can be beneficial for managing assets beyond one's lifetime, avoiding probate, and protecting special needs children. However, not all trusts are created equal, and some may be unnecessary or even counterproductive. Understanding the purpose and proper use of trusts is essential for making informed decisions about one's financial future. [... more]

Inheriting an IRA can be a complex process, with new tax laws and regulations affecting most people before they pass away. Certified financial planner Hans Scheil explains how to navigate the SECURE Act and make informed decisions about IRA inheritances, including the importance of planning and tax-free savings through Roth conversions and life insurance policies. [... more]

Bypassing probate is a critical aspect of estate planning, allowing assets to pass directly to beneficiaries without going through the lengthy and costly probate process. Financial planner Hans Scheil discusses various strategies, including beneficiary designations, trusts, life insurance, and annuities, to help individuals avoid probate and ensure their assets are distributed according to their wishes. [... more]

Guarding the good deposit through the Holy Spirit is crucial, just like managing your estate and ensuring your assets are transferred on demand to your loved ones. Beneficiary designations can make all the difference in avoiding probate and ensuring your financial wishes are carried out. [... more]