Is your financial advisor truly planning for your future or just coasting In this video Peter with Richon Planning and Erin Kennedy lay out the five signs that your advisor is delivering genuine financial planning not just quick fixes A truly committed advisor will Help you define your goals and objectives Gather details on ALIE Assets Liabilities Income and Expenses Confirm your Social Security Benefits Request last year's tax return Ask for copies of Estate Planning Documents If this doesn't sound like your advisor reach out to Peter for a second opinion Just call - or visit www RichonPlanning com [... more]

In Luke we find Jesus rsquo challenging parable of the rich fool which concludes with an invitation to be rich toward God But what exactly does being rich toward God mean On today's Faith amp Finance Live Chad Clark will join host Rob West to explore this challenging yet life-giving parable Then Rob will answer your questions on different financial topics nbsp See omnystudio com listener for privacy information [... more]

Social Security claiming strategies for married couples can be more complex because you need to consider spousal benefits and survivor benefits In this video Peter with Richon Planning and Erin Kennedy talk through some key questions including Spousal strategies how to leverage spousal benefits for a bigger joint income Planning for the future Understand how claiming decisions impact your survivor benefits and overall financial security There are more than permutations if you're married and looking to claim Social Security which is why this isn't simply an equation it needs to be a conversation with an expert If you'd like to [... more]

You rsquo re nearly at full retirement age and still working But if you take Social Security benefits now will they be reduced because your income rsquo s too high On today's Faith amp Finance Live host Rob West will explain how much income you can make when you rsquo re already receiving your social security benefits Then he rsquo ll answer your questions on different financial topics nbsp See omnystudio com listener for privacy information [... more]

You rsquo re nearly at full retirement age and still working But if you take Social Security benefits now will they be reduced because your income rsquo s too high On today's Faith amp Finance Live host Rob West will explain how much income you can make when you rsquo re already receiving your social security benefits Then he rsquo ll answer your questions on different financial topics nbsp See omnystudio com listener for privacy information [... more]

You've spent decades building your nest egg Then when you retire you need a plan to stop saving and start spending but not too much that you risk running out of money As Peter with Richon Planning explains to Erin Kennedy it's a delicate balance that requires you to consider these variables A Plan to Minimize Taxes Make the Right Decision about Social Security Benefits Choose the Right Pension Payout Balance Guaranteed Income and Long-Term Growth Plan for Longevity Account for Inflation Accounting for each of these variables will be different for everyone If you'd like to speak with a [... more]

The cost of living adjustment reflects another year of high inflation However we now know we'll be paying almost more for Medicare Part B That doesn't mean you'll see a smaller SS check in January but if you're wondering how this will affect you Peter with Richon Planning and Erin Kennedy walk through these questions -Does the COLA affect when we should claim our Social Security benefits -How does this jump in the cost of Medicare Part B affect my Social Security check -Does this COLA increase affect the program's insolvency If you have any questions about when you should [... more]

The U S has arguably the most stable stock market in the world but does that mean it rsquo s always the best Could we be shortchanging ourselves if we don rsquo t consider international investing opportunities On today's Faith amp Finance Live host Rob West will talk with Cole Person about the impact of international investing Then Rob will tackle some questions on various financial topics nbsp See omnystudio com listener for privacy information [... more]

While it rsquo s important for Christians to be faithful stewards of their finances the same applies to other resources God gives us mdash our time expertise and experience So how do we leverage those for His Kingdom On today's Faith amp Finance Live Rob West will talk about leveraging your expertise Then he rsquo ll tackle your questions about finances See omnystudio com listener for privacy information [... more]

Many retirees are surprised to learn that above a certain income Social Security is taxed In retirement it's important to know how all your income streams will be taxed and how to mitigate those taxes In this video Peter with Richon Planning explains strategies to Erin Kennedy Convert to a Roth IRA Consider Shifting Income Investments Delay Claiming Your Social Security Benefits Another strategy to consider is a Qualified Charitable Distribution Determining which strategy is right for you is a very personalized calculation and it's something we specialize in at Richon Planning For your detailed and personalized retirement tax plan [... more]

Do you sometimes feel you rsquo re spiritually at war with your own investments How do you take on corporations that engage in ungodly policies and practices On today's Faith amp Finance Live host Rob West will talk with Chris Meyer about one way to become involved in the companies in your portfolio through shareholder advocacy Then Rob will answer some questions on various financial topics nbsp See omnystudio com listener for privacy information [... more]

Some people learn from the mistakes of others The trick is learning to not be one of the others who are making the mistakes On today's MoneyWise Live host Rob West will share some of the biggest financial mistakes so you can learn from them Then he rsquo ll answer some calls and questions on any financial topic nbsp nbsp See omnystudio com listener for privacy information [... more]

You pay into the Social Security system your whole working life but are you taking steps now to boost the benefits you rsquo ll be receiving in the future nbsp On today's MoneyWise Live host Rob West will share some ways you can maximize your social security benefits Then he rsquo ll answer your calls on various financial topics nbsp See omnystudio com listener for privacy information [... more]

Divorce among middle aged couples is increasing In fact there's a new name for the trend grey divorce And according to the journal of sociology after a grey divorce women experienced a drop in their standard of living and men experienced a reduction Which is why Peter with Richon Planning and Erin Kennedy wanted to talk through some key issues you'll need to consider as you plan your new future including -Revisit your estate plan -Examine retirement and pension plans -Determine how your Social Security benefits will be affected -Consider health insurance and life insurance -Consider hiring a Financial Advisor [... more]

Have you ever wondered if the Social Security system will run out of money before you retire Or if claiming benefits as soon as you're eligible is the best decision for your financial future In this episode we'll be debunking common myths about Social Security and answering the questions you've been curious about Social Security will be one of the biggest sources of retirement income for most Americans and you need to be aware of these myths before filing for your benefits Most of the time once that decision is made you can't reverse it So let's make sure you're [... more]

For almost every retiree their biggest fear is running out of money You want your retirement to be a fitting reward to a lifetime of hard work But it's hard to know exactly how much money you'll need to achieve your unique retirement goals without sacrificing your quality of life In this video Peter with Richon Planning and Erin Kennedy break down the three biggest risks to your retirement nest egg Longevity Risk Today a couple at age has a chance of living beyond Changes to Social Security The government will have to make changes to Social Security if the [... more]

We all have to make decisions about where we will give from our limited resources So a good question to ask is does it matter to God where we are giving On today's Faith amp Finance Live host Rob West will welcome David Wills to talk about if God cares where we give Then Rob will answer some calls on various financial topics nbsp See omnystudio com listener for privacy information [... more]

Since the start of the pandemic about of retirees between and have re-entered the workforce If you're thinking of going back to work or unretiring there are a few details you should keep in mind First you will not lose your Social Security benefits but they may change as Peter with Richon Planning explains to Erin Kennedy Also if you unretire you may have to keep taking RMDs and there may be an impact on your medicare benefits If you're thinking about going back to work it's certainly worth having a conversation with a professional to learn how it could [... more]

Retirement can come with a lot of tax questions and concerns From understanding the tax implications of withdrawing from your retirement accounts to minimizing taxes on investment income it can be overwhelming On today's episode we'll break down the top ten tax questions retirees are asking in Before you file your taxes and plan ahead for the rest of the year make sure to listen to this episode as we'll discuss some important tax questions that retirees should ask themselves to ensure they're making the most of their retirement savings and minimizing their tax burden Here's some of what you'll [... more]

Despite a sharp increase in the COLA for some people may see a lower Social Security payment this year In this video Peter Richon with Richon Planning and Erin Kennedy break down possible reasons why You Earned Too Much Last Year If you're under full retirement age and are collecting SS benefits while still working there is a limit to the earnings you can receive You Made Changes to Your Medicare Coverage If you made a change to your Medicare coverage such as adding Part D this will cause a deduction from your Social Security benefit check A Medicare Premium [... more]

MWL record start record start record start record start record startSee omnystudio com listener for privacy information [... more]

Social Security just announced an cost of living adjustment for retirees The COLA increase will be applied to benefits in January of That's the largest inflation adjustment since when it was Peter with Richon Planning explains to Erin Kennedy why this year's Cost of Living Adjustment or COLA is so high and whether this change should affect your claiming strategy If you'd like to speak with Peter to determine when you should claim Social Security Richon Planning actually specializes in running very personalized analyses to determine your most financially optimal strategy Please feel free to reach out for a complimentary [... more]

Hans and Robby are back again this week with a brand new episode This week Hans and Robby are going over social security full retirement age This is vital information for those at full retirement age as well as for those approaching that age Don't forget to get your copy of The Complete Cardinal Guide to Planning for and Living in Retirement on Amazon or on CardinalGuide com for free You can contact Hans and Cardinal by emailing hans cardinalguide com or calling - - Learn more at CardinalGuide com Find us on YouTube Cardinal Advisors [... more]

Millions of American workers plan to retire this year but many wonder if they'll have enough to stay retired On today's MoneyWise Live host Rob West will explain how much income the average retiree needs and he'll share some steps you can take to trim your retirement budget Then he'll answer your calls and questions on various financial topics See omnystudio com listener for privacy information [... more]

We are often asked when is the right time for someone to start taking Social Security benefits Should they only wait until full retirement age or is it worth it to wait longer On today's MoneyWise Live host Rob West will cover common mistakes people make when claiming benefits Then he'll answer some calls and questions on various financial topics See omnystudio com listener for privacy information [... more]

Sometimes we make conscious mistakes with our money Sometimes they're the result of just not paying attention Either way those mistakes can be hazardous to your wealth On today's MoneyWise Live Rob West will talk about some of those harmful missteps Then he'll answer your calls and questions on various financial topics See omnystudio com listener for privacy information [... more]

Almost all Americans fall into one of two groups you're either receiving Social Security Benefits or you will be someday So how can you plan to make the most of it On today's MoneyWise Live Rob West will talk about some steps you can take now that can have a big impact on your future financial security Then he'll answer your calls and questions on a variety of financial topics See omnystudio com listener for privacy information [... more]

Since the COVID Delta variant has prolonged the pandemic businesses are facing new mandates and struggling to stay open And that's leading to continued unemployment woes for retail and service industry employees On today's MoneyWise Live Rob West will share steps you can use to weather a financial crisis brought on by unemployment or other factors Then he'll answer your calls and questions on a variety of financial topics See omnystudio com listener for privacy information [... more]

We are often asked when is the right time for someone to start taking Social Security benefits Should they only wait until full retirement age or is it worth it to wait longer On the next MoneyWise Live host Rob West will cover common mistakes people make when claiming benefits Then he rsquo ll answer your calls and questions on various financial topics That rsquo s the next MoneyWise Live mdash where biblical wisdom meets today rsquo s finances weekdays at pm Eastern pm Central on Moody Radio [... more]

Hans and Robby talk about social security Don't forget to get your copy of The Complete Cardinal Guide to Planning for and Living in Retirement on Amazon or on CardinalGuide com for free You can contact Hans and Cardinal by emailing hans cardinalguide com or calling - - Learn more at CardinalGuide com [... more]

Hans and Robby go over the Social Security benefits for widows and widowers and how these benefits might fall short in retirement Don't forget to get your copy of The Complete Cardinal Guide to Planning for and Living in Retirement on Amazon or on CardinalGuide com for free You can contact Hans and Cardinal by emailing hans cardinalguide com or calling - - Learn more at CardinalGuide com [... more]

Many people are familiar with how their own Social Security benefits work but fewer are aware of how spousal benefits work If you rsquo re married were married in the past or have never received a paycheck you just may be eligible to get your spouse rsquo s retirement benefits On the next MoneyWise Live hosts Rob West and Steve Moore discuss lsquo spousal rsquo and lsquo survivor rsquo benefits Social security spousal benefits on MoneyWise Live at pm Eastern pm Central on Moody Radio nbsp [... more]

Hans and Robby go over Social Security statements how to get them and the information you can get from them Hans even goes over his own personal statement Don't forget to get your copy of The Complete Cardinal Guide to Planning for and Living in Retirement on Amazon or on CardinalGuide com for free You can contact Hans and Cardinal by emailing hans cardinalguide com or calling - - Learn more at CardinalGuide com [... more]

Millions of Americans who are currently receiving Social Security benefits are actually still working It rsquo s true you can receive benefits without totally retiring But big changes may be coming for the workers who do On the next MoneyWise Live hosts Rob West and Steve Moore have the details about some new benefit rules nbsp Social Security changes for workers on the next MoneyWise Live at pm Eastern pm Central on Moody Radio [... more]

Hans and Robby discuss what exactly full retirement age means for your Social Security benefit Don't forget to get your copy of The Complete Cardinal Guide to Planning for and Living in Retirement on Amazon or on CardinalGuide com for free You can contact Hans and Cardinal by emailing hans cardinalguide com or calling - - Learn more at CardinalGuide com [... more]

The annual cost of living adjustment that affects social security benefits is designed to be an adequate increase for most of our seniors But current oil prices and the COVID- crisis could seriously impact next year rsquo s benefit levels On the next MoneyWise Live hosts Rob West and Steve Moore let us know how these factors will affect our nation rsquo s seniors That rsquo s MoneyWise Live at pm Eastern pm Central on Moody Radio [... more]

This week Hans and Robby discuss plans coming together specifically how having a plan for your income in retirement can reduce the tax you pay on your Social Security benefit While only states charge income tax on Social Security the federal government will charge everyone who falls into their set threshold Hans goes over these thresholds If all you have to live off of is Social Security you won't pay taxes It is when you throw other income in there that it can be complicated Don't forget to get your copy of The Complete Cardinal Guide to Planning for and [... more]

Proverbs says Plans fail for lack of counsel but with many advisers they succeed This week Tovah Mitchell elder law and estate planning attorney joins Hans and Robby as an adviser to help you succeed in finishing well She covers everything from power of attorneys to stock certificates and taxes Estate planning is for everyone Once you turn you're an adult Your parents cannot help you unless you have the documents in place Tovah does say it is important to remember that estate plans do not just involve legal documents though you have to consider what life insurance you have [... more]

In the Sermon on the Mount Jesus said Blessed are the poor in spirit for theirs is the kingdom of heaven Robby points out that we should recognize that we are poor in spirit when deciding when to take our Social Security and ask for help Bloomberg recently published an article titled American's lose trillions claiming Social Security at the wrong time Hans agrees that generally people start their Social Security too soon usually because they did not ask for help People who delay Social Security can live off their IRAs or take another job if they don't want to [... more]

In Matthew Jesus gives His sermon on the mount and asks His followers not to worry as their faith will replace their fear Social Security strikes fear in many people especially regarding how long it will be around This week Hans and Robby discuss how to apply faith or in this case fact to Social Security in order to alleviate fears and maximize your benefit The Social Security Trustees Report was recently released While this report is very long Hans summarizes it basically saying that the Social Security fund was increased by millions of dollars this year they did not [... more]

In Matthew Jesus talks about The Great Commission Robby mentions to Hans that salesman love a great commission but the actual great commission is not money it is making disciples Disciples are enthusiastic learners and then become enthusiastic sharers because they are so excited about the teachings To really make good Social Security decisions you have to be an enthusiastic learner as well It is like homework it does not seem fun but you are going to be thankful that you did it Hans and Robby talk this week about how a Social Security benefit is really a beautiful gift [... more]

This tax season returns might look very different for a lot of Americans This week Hans and Robby talk about what differences people and older might see Social Security is the biggest difference for people in this age bracket If your only income is Social Security you will pay no income taxes on this money If your other taxable income is small you will pay some tax on that income but still none on your Social Security benefit Only when you reach higher levels of other income does your Social Security benefit become taxable It is important to note that [... more]

Many of us are familiar with the idea of waiting on the Lord For years Robby explains he thought just waiting was okay He then explains how he studied QAVAH from Genesis and found that sometimes there is waiting but sometimes you need to twist into your situation and get more insight This twisting can help retirees find the right answer to when to claim their Social Security benefit Hans and Robby discuss couples this week who have taken an usual route to their Social Security benefit The first couple is from Ohio When they came to Hans they learned [... more]

There's a lot of confusion surrounding the taxation of Social Security Join us as we seek to clear up the confusion on the podcast Click the link for more in-depth reading in a recent blog post https mrstillmansopus com taxes social-security-taxation [... more]

The government wants their money and they are going to get their money whether it is from you or your heirs RMDs Required Minimum Distribution or is it Really Motivated Distribution Hans and Robby discuss reasons to take your Really Motivated Distributions early and late this week One really motivated way involves building up your Social Security benefit Another really motivated distributions allows you to give to the Church or other charities tax free Don't forget to get your copy of The Complete Cardinal Guide to Planning for and Living in Retirement on Amazon or on CardinalGuide com for free [... more]