What rsquo s the best investment option for you mdash a traditional IRA or a Roth On Faith amp Finance Live we get that question a lot as folks try to decide which type of retirement account will put them ahead in the long run So be sure to tune in today as host Rob West welcomes Mark Biller to help us take a fresh look at these two options Then they rsquo ll tackle your questions about investing nbsp See omnystudio com listener for privacy information [... more]

You've heard of the traditional IRA and the Roth IRA But have you heard of the Legacy IRA If you haven't heard of it before you might be wondering now if you need to have one On today's Faith amp Finance Live host Rob West will talk about the Legacy IRA its purposes and how you can know if you should set one up Then he'll answer your questions on various financial topics See omnystudio com listener for privacy information [... more]

America's IRA expert Ed Slott recently told other industry experts that an IRA is just an IOU to the IRS Slott says he doesn't see any benefit to using a traditional IRA right now because tax rates are so low However Peter with Richon Planning does not agree with Slott and explains why to Erin Kennedy There are many reasons investors should still consider investing in tax-deferred accounts even though we are living in a historically low tax rate There is no cookie cutter answer No blanket statement can apply to every person there are too many variables to consider [... more]

There may never be a better time to open a Roth account Roth IRAs offer tax-free earnings growth and as Peter with Richon Planning explains to Erin Kennedy there are clear-cut reasons you should consider investing in a Roth today Today's Historically Low Tax Rate the Tax Cuts and Jobs Act which reduced federal income tax rates is set to sunset in Your Depreciated Portfolio pay taxes on a smaller value now then allow that future growth to happen tax free Possible Elimination of Backdoor Roths the Build Back Better Act proposed ending Backdoor Roths the loophole dodged the axe [... more]

If you ask Christians if they rsquo d like to give more the answer is always yes So why don rsquo t they On today's MoneyWise Live host Rob West will welcome Ron Blue to talk about some obstacles to being more generous that folks may not realize they can overcome Then Rob will answer your calls and financial questions nbsp See omnystudio com listener for privacy information [... more]

Real estate not only can give you an income stream it almost always appreciates in value So is there an easy way to invest in it without becoming a landlord On today's MoneyWise Live Rob West will talk about a hands free way to invest in real estate Then he'll answer your calls and financial questions See omnystudio com listener for privacy information [... more]

Hans and Robby are back again this week with a brand new episode The discussion turns to Roth IRA's and all the need to know information to help you today as well as later on down the road 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]

This week Hans and Stu Epperson subbing in for Robby discuss QCDs Qualified Charitable Distributions and estate planning They go over important information that you need to know now or down the road 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]

You can't invest in anything without first making some decisions And one of the biggest investment decisions you'll make is whether to choose an IRA or k On today's MoneyWise Live Rob West welcomes Mark Biller to explain if you have to choose one investment account over the other or if there's a way to have the best of both worlds Then Rob will answer your calls and questions on various financial topics See omnystudio com listener for privacy information [... more]

Money has its limitations but it really is handy to have around most if not all of the time So you don't want to let opportunities to make or save money slip through your fingers On today's MoneyWise Live Rob West will share ways you may be missing out that could be causing you to lose money Then he'll take your calls and answer your financial questions from a biblical perspective See omnystudio com listener for privacy information [... more]

You picked out the make and model and you rsquo ve been saving your money waiting to buy a new car You rsquo ve maybe even found the exact car you want Now the question is mdash what to do with your old one On the next MoneyWise Live host Rob West shares what to do with your current vehicle if you rsquo re in the market for a new one Then he rsquo ll answer your calls and questions on various financial topics That rsquo s MoneyWise Live mdash where biblical wisdom meets today rsquo s finances weekdays at [... more]

Corinthians sets a high bar for how Christians are to act in this world It reads ldquo Whether you eat or drink or whatever you do do all to the glory of God rdquo nbsp And that ldquo all rdquo certainly includes how we invest On the next MoneyWise Live host Rob West welcomes Jason Myhre to talk about the history of faith-based investing Then Rob will take your calls and questions on the financial matters you rsquo d like to discuss That rsquo s MoneyWise Live mdash where biblical wisdom meets today rsquo s financial decisions weekdays at pm [... more]

Teaching children how to manage money wisely can be a challenge but even more so if the kids have two sets of parents On the next MoneyWise Live host Rob West welcomes Ron Deal to explain the key to giving children a consistent message and equipping them to be good stewards Then Rob will take your questions on the financial topics you rsquo d like to discuss That rsquo s the next MoneyWise Live where biblical wisdom meets today rsquo s finances weekdays at pm Eastern pm Central on Moody Radio nbsp [... more]

Hans and Robby talk about current tax brackets and retirement planning under these parameters 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]

There are some IRAs that allow you to take out money tax-free while others make you pay taxes when you make withdrawals Hans goes over why you should consider looking into the tax-free IRAs and how they could help your family 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 Bible contains more than references to money And since all the wisdom in this world is found within its pages we should take note of a few verses which are sometimes overlooked from a financial perspective On the next MoneyWise Live host Rob West will share a brief Bible study on earning money Then he rsquo ll take your calls and questions on the financial matters you rsquo d like to discuss That rsquo s MoneyWise Live mdash where biblical wisdom meets today rsquo s financial decisions weekdays at pm Eastern pm Central on Moody Radio [... more]

With summer just around the corner certain things are inevitable The weather rsquo s getting warmer days are getting longer and gas prices are on the rise On the next MoneyWise Live host Rob West has some ways you can get more miles out of your tank of gas Then he rsquo ll answer your calls and questions on various financial topics It's how to save on gas on the next MoneyWise Live at pm Eastern pm Central on Moody Radio [... more]

In Genesis we read how Abraham negotiated with God about the destruction of the city of Sodom We learn God promised if only ten righteous people could be found there He rsquo d spare the whole city But what lessons might that passage hold for us today On the next MoneyWise Live hosts Rob West and Steve Moore talk with Jerry Bowyer to find out Then they rsquo ll take your calls and questions on any financial topic Join us to hear how it rsquo s about God not politics on the next MoneyWise Live at pm Eastern pm Central [... more]

The old ldquo tried and true rdquo cash envelope budgeting system will help you spend less nbsp But many folks prefer to use credit and debit cards instead So is there a way to successfully stick to your budget while using both methods of payment nbsp On the next MoneyWise Live hosts Rob West and Steve Moore have a way for you to get the best of both worlds Then it rsquo s your calls and questions on the financial matters you rsquo d like to discuss A hybrid envelope system on the next MoneyWise Live at pm Eastern pm [... more]

The Secure Act made changes to your IRA contributions especially at ages and If you are at these ages or are coming up on them you are going to want a plan in place for your retirement savings 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 Robby help us understand this sometimes confusing but very important topic Just another step in Finishing Well [... more]

With Christmas just a few days away this is a time when we naturally feel more generous And you may be looking for ways to extend to others that spirit of generosity you rsquo re feeling this season On the next MoneyWise Live hosts Rob West and Steve Moore chat with Laurie Farquhar of the National Christian Foundation about the answers to questions about giving That rsquo s on the next MoneyWise Live at pm Eastern pm Central on Moody Radio [... more]

Hans goes over what qualifies as qualified money as well as explains the advantages of this Then he tells Robby the story of a client he had any how he used his IRA in order to leave the legacy he wanted 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]

Is your credit a bit sketchy Or maybe you don rsquo t trust yourself with the temptations of a regular credit card Then a secured credit card may be just the ticket to help you stay out of debt and improve your credit score along the way On the next nbsp MoneyWise nbsp Live hosts Rob West and Steve Moore share how this option might be your best solution It rsquo s all about secured credit cards on the next nbsp MoneyWise nbsp Live at pm Eastern pm Central on Moody Radio [... more]

If you rsquo re looking to make or save more money the digital age is providing new ways to improve your cash flow And with a smartphone and an Internet connection you can make or save money online with very little effort On the next nbsp MoneyWise nbsp Live hosts Rob West and Steve Moore tell you how you can start earning or saving today It rsquo s ways to make or save money online on the next MoneyWise Live at pm Eastern pm Central on Moody Radio nbsp [... more]

You may have been surprised by the signs at your local store asking you to trade in your extra coins for cash But the current shortage of coins in circulation is just one more example of collateral damage from the coronavirus outbreak On the next MoneyWise Live hosts Rob West and Steve Moore explain why this is happening and where you can ldquo cash in rdquo nbsp It rsquo s the COVID coin shortage on the next MoneyWise Live at pm Eastern pm Central on Moody Radio [... more]

There are tax benefits you are going to get out of having a Roth IRA in retirement Hans goes over what these are as well as what you can do right now no matter your age to make sure your IRA and k accounts are in a good spot 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]

Surprisingly there are more than verses in the Bible that deal with money So we can deduce that it rsquo s an important topic in God rsquo s economy When it comes to money God uses it to influence our lives shape our characters strengthen our trust in Him and show that He rsquo s ultimately in control On the next MoneyWise Live hosts Rob West and Steve Moore show how money is a great teaching tool in our lives Money is power tool on MoneyWise Live at pm Eastern pm Central on Moody Radio [... more]

With millions of Americans unemployed and in-person services canceled many churches have seen a decline in income The act of giving is an integral part of church services but online giving has helped to offset the decline in financial contributions On the next MoneyWise Live hosts Rob West and Steve Moore welcome Brian Kluth who offers a battle plan for churches to help weather their financial challenges COVID and church giving on MoneyWise Live at pm Eastern pm Central on Moody Radio [... more]

It's and it is time to have a straight talk on taxes Retirement changes taxes that is a fact Once you have different income sources such as IRAs and Social Security taxes are going to look really different You are now in control of your income at least part of it and you need a plan Hans and Robby go over tax charts for and what they mean for you One of the biggest suggestions Hans gives is to not be scared to pay a little more taxes now to live tax free in the future Want to know why [... more]

The SECURE Act was recently passed making big changes to your IRAs and ks Hans talks about what was changed how this will affect you and what you need to do Important note The SECURE act really does not have any affect on your Roth IRAs If you have more questions about all of this please reach out to us we would be happy to go through everything with you 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 [... more]

Butt Dust We know it sounds weird but as always Robby explains not only how this is relevant to scripture but how it is relevant to money specifically IRAs Hans talks about everything he learned at his tax conference recently that focused on how to maximize your use of IRAs especially traditional vs Roth IRAs 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 [... more]

Everyone's IRA is different but yet they are still taking advice and facts from their friends and family Hans and Robby address this issue as well as all the options you have for making the most of your IRA by lowering your taxable income not receiving penalties and handling required minimum distributions First up is penalties for required minimum distributions Some people have this idea that they never want to pay taxes so they are not going to touch their IRA This is a mistake as not taking out distributions after is going to land you with a huge penalty [... more]

Isaiah - says the seven anointings of the Holy Spirit are wisdom understanding council might knowledge fear of the Lord delight in the fear of the Lord Robbie believes Hans reflects these virtues through his dedication to advising his clients well by staying up-to-date on the retirement industry and adhering to Christian standards This week Hans and Robbie want to keep listeners up-to-date with the SECURE Act and how it will change taxes in retirement Before continuing Hans asks listeners to take a moment and pray for Tom Griffith one of Cardinal's advisors and a regular guest on the show [... 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 Mathew Jesus confronted the Pharisees and Sadducees when they tried to test Him saying that they knew how to interpret a red sky but couldn't interpret the signs of the times This week Hans and Robby talk about the fear and confusion of retirement taxes People tend to worry when their tax return is smaller than expected while in reality this is no cause for fear because the tax rates holistically have gone down It's important to know the difference between retirement policy and politics so you can plan financially and live well Hans recently participated in a webinar [... more]

In Luke the big barn parable tells the story of a rich man who grew extra crops and had no place to store them He decided he would tear down his barn and build a larger one which would give him the time to relax and take life easy God told him he was going to die that night and then what would happen to all the crops he was storing for himself God called the man a fool This same idea can be applied to people who want to leave their large IRAs to their beneficiaries Robby uses his [... more]

This week Hans and Robby talk about IRAs with a special guest Listen and learn about how Uncle Sam is your silent partner in your IRA and more 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]

In Luke Jesus praises the shrewd manager who stole from his boss He says I tell you use worldly wealth to gain friends for yourselves so that when it is gone you will be welcomed into eternal dwellings Many people tend to waste their wealth by not dealing shrewdly Hans and Robby discuss how to apply these principles to income taxes especially in retirement Paying more taxes than you should because you have not planned correctly can be wasteful You should not cheat on your taxes but with proper planning you can make sure you don't pay more than you [... 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]

Robby is reading a book to his dad about lessons you can learn from sheepdogs One of the main points the book makes is that the main way to communicate with sheepdogs is by hand signals not verbal communication Just like sheepdogs you have to follow God's signals as they come into your life Hans had a client come into his life when he was just starting Cardinal Dr Bob introduced Hans to Ed Slott the IRA expert While Hans thought he knew a good amount about IRAs he learned so much by going through the Ed Slott training He [... more]

It's not what you make it's what you keep And the biggest thing standing in between is taxes Taxes are one of our largest known expenses Many people try to save on taxes for income they earned last year without planning to save in all the years ahead Tax reform has given us some great opportunities to save to plan and to minimize your lifetime tax liability Listen to this week's episode to understand the opportunities and strategies you should consider in your planning to keep more of what you make [... more]

In Ecclesiastes it says To everything there is a season Retirement is a season in life that is full of change including your taxes Taxes are different in retirement there is Social Security Medicare IRA withdrawals and for some work income Prosperity can come in your season of retirement from not having the tax burden you had while you were working The only way to reach this prosperity though is to plan for it before this season hits Hans discusses a client who retired when he was years old After retiring he started to withdraw money out of his traditional [... more]

Is a Roth conversion a logical move for you to make or not John breaks down the pros and cons of converting money to Roth in various situations [... more]