First-time homebuyers often face common misunderstandings around home ownership, including the cost of getting into a home, rising rent, and the fear of waiting too long. It's essential to take a clear-eyed look at the true costs of moving from renting into home ownership and to approach the transition with wisdom and patience. A home should fit one's current season of life and support responsibilities and priorities, not stretch finances or limit the ability to live and give faithfully. [... more]

Original Medicare has deductibles and co-payments that can leave you with significant expenses. Supplemental insurance, such as Medigap, can help fill these gaps, but choosing the right plan is crucial, especially at 65 when guaranteed issue is available. Understanding the differences between original Medicare, Medicare Advantage, and supplemental insurance is essential to making informed decisions about your health insurance. [... more]

Navigating healthcare options, including traditional insurance and cost-sharing programs, can be complex. Meanwhile, managing retirement savings and debt is crucial for long-term financial stability. A reverse mortgage can be a viable option for some, and understanding the rules around charitable donations from IRAs is essential for tax planning. [... more]

Preparing for inevitable expenses with sinking funds is a key aspect of financial planning, as seen in biblical examples such as Joseph's grain storage and the ant's diligence. Setting aside resources gradually for future expenses provides peace of mind and freedom from debt, while also demonstrating trust in God's provision. Effective retirement planning involves considering expenses that are irregular but inevitable, such as car repairs and medical costs, and breaking them down into manageable pieces through sinking funds. [... more]

Many Americans are dissatisfied with their health insurance, seeking alternatives that align with their faith and values. Christian Healthcare Ministries offers a budget-friendly, biblical, and compassionate healthcare cost-sharing option. Meanwhile, individuals struggle with debt, seeking advice on debt management and credit counseling, while others navigate elder law and long term care insurance to secure their financial futures. [... more]

Rob West discusses various financial topics, including healthcare cost-sharing alternatives, biblical stewardship, and estate planning. He also answers listener questions on investing, savings bonds, and tax implications of selling a multi-family property. [... more]

Rob West discusses the importance of keeping a cash reserve for emergencies, and how to determine the right amount to keep on hand. He also talks about the benefits of hiring a wealth manager and the importance of aligning your financial decisions with your Christian values. [... more]

Lauren Gydeck discusses Christian Healthcare Ministries, a budget-friendly, biblical, and compassionate healthcare cost-sharing alternative that allows individuals to join at any time of the year. She explains how CHM works, its cost, and spiritual component, and how it can be a lifesaver for those who have missed the open enrollment deadline or are experiencing life transitions. [... more]

When it comes to Medicare, understanding the differences between original and Advantage plans can be crucial in making informed decisions. Certified Financial Planner Hans Scheil explains how Medicare works, including the various parts and how they affect premiums and deductibles. He also discusses the importance of education and knowledge in navigating the complexities of Medicare, and how it can impact one's financial well-being in retirement. [... more]