Paying off debt is always a smart financial move but eliminating it before retirement is one of the best decisions you can make With more people than ever retiring with debt financial security in retirement is at risk Let s explore why carrying debt into retirement can be problematic and what you can do to avoid it The latest statistics reveal a concerning trend According to the Federal Reserve's Survey of Consumer Finances of individuals aged to carry debt a significant increase from when the Fed began tracking this data years ago Debt in retirement severely limits lifestyle choices and [... more]

The Puritan poet Anne Bradstreet once wrote Wisdom without an inheritance is better than an inheritance without wisdom These words are just as relevant today as they were in the th century especially as we approach one of the largest wealth transfers in history It s estimated that Baby Boomers will pass down as much as trillion to their heirs by But is the next generation prepared to manage this wealth wisely Research suggests that many are not Let s explore what this historic transfer means the potential challenges and how families can prepare Biblical Wisdom on Wealth and InheritanceAnne [... more]

What would you call a marriage where spouses see eye to eye about money Some might call it bliss It s true that most couples at least occasionally quarrel about their finances But could a better understanding of each other s values help spouses avoid that bickering Shaunti Feldhahn thinks so and she joins us today to talk about it Shaunti Feldhahn is a Harvard graduate former Wall Street analyst social researcher best-selling author as well as a prominent public speaker She is the co-author of Thriving in Love and Money Game-Changing Insights about Your Relationship Your Money and Yourself [... more]

And whatever you do in word or deed do everything in the name of the Lord Jesus giving thanks to God the Father through him - Colossians God created man for His glory That means everything we do should glorify God including how we manage money Chad Clark joins us today to talk about how FaithFi is helping God s people be more faithful stewards all for His glory Chad Clark is the Executive Director of FaithFi Faith Finance and the co-author of Look at the Sparrows A -Day Devotional on Financial Fear and Anxiety Why FaithFi s Mission Is [... more]

The world is becoming more complex every day Technology solves problems and creates new ones How do you keep up Among so many other things today maybe you ve noticed that managing your finances is increasingly complicated and involves more than balancing a checkbook Sharon Epps joins us today with some much-needed advice the Ds of a Financial Reset Sharon Epps is the President of Kingdom Advisors FaithFi s parent organization Kingdom Advisors serves the broad Christian financial industry by educating and equipping professionals to integrate biblical wisdom and financial expertise Define Your Financial VisionThe first step in a financial [... more]

You have to be at least to collect Social Security maybe because it takes that long to understand the program Do you have questions about Social Security Of course you do Who doesn t Well you don t want to miss today s program Eddie Holland is back to answer more of your questions about Social Security Eddie Holland is a Senior Private Wealth Advisor and partner of Blue Trust in Greenville South Carolina He s also a CPA a Certified Financial Planner CFP and a Certified Kingdom Advisor CKA Can You Claim Benefits Early and Switch Later You can [... more]

If you bought a house in the last couple of years you ve probably been wondering When can I refinance The Federal Reserve has already made one interest rate cut and more are expected before the end of the year So when will it make sense to refinance your mortgage If you re considering refinancing your mortgage it s crucial to weigh various factors before making a decision Movement Mortgage provides a helpful article Refinancing Calculate Your Break-Even Point First which explains when refinancing makes sense and how to determine if it's right for you While lower interest rates are [... more]

God s Word says a husband and wife become one flesh but it doesn t say anything about prenups It s true you won t find prenuptial agreement in your concordance So does that mean a Christian should never have one God s Design for Marriage Oneness and CovenantA prenuptial agreement prenup is a legal contract that couples agree to before marriage outlining how their assets money property and other possessions will be divided if they divorce While this can seem like a practical way to handle complex financial conversations many wonder if it aligns with God s design for [... more]

You ve probably heard it said that anything worth doing is worth doing well Today we ll find out why working hard at something can pay big dividends spiritually and financially The Secret to Success Discipline in Every Area of LifeWhat does it take to succeed If you ask any successful person they ll likely tell you that success doesn t happen by accident it requires hard work preparation and the ability to learn from failure As former U S Secretary of State General Colin Powell once said There is no secret to success It is the result of preparation [... more]

You ve probably heard the saying If you aim at nothing you'll hit it every time But do you know who coined it Christian author and speaker Zig Ziglar is credited with that famous quote It urges us to set goals and stay on mission What are our goals and what s our mission here at FaithFi Chad Clark fills you in today and invites you to be a part of it all Chad Clark is the Executive Director of FaithFi Faith Finance Integrating Faith and Finances for God s GloryAt FaithFi our mission is clear we aim to equip [... more]

PLANNING FOR THE FUTURE AND ESTATE PLANNINGProverbs highlights the importance of acting with knowledge in all aspects of life including the preparation for inevitable events like death This preparation involves legal financial and personal readiness to ensure your wishes are honored and your loved ones are cared for IMPORTANCE OF UPDATED WILLS AND DIRECTIVESHaving updated wills is critical to ensure your wishes are followed after your death with legal powers of attorney and health care directives being equally important An estate attorney is necessary to prepare these documents representing an essential investment in your family's future well-being PREPARING FOR YOUR [... more]

So how would God's word in particular give us guidance on this giving portfolio approach Jesus gives His mission here on earth in Luke - The Spirit of the Lord is upon me because he has anointed me to proclaim good news to the poor He has sent me to proclaim liberty to the captives and recovering of sight to the blind to set at liberty those who are oppressed to proclaim the year of the Lord's favor This is a really is a model for a giving portfolio So how do you take that and apply it to giving [... more]

SELF-EXAMINATION Start by taking an honest assessment of your current financial situation and feelings towards money Worrying about bills arguing with a spouse or avoiding charitable giving are signs of needing a change Change can be daunting but it is beneficial when facing financial troubles TURNING TO SCRIPTURE Isaiah highlights that God is doing something new and will provide a way Rely on biblical truths such as those in Hebrews can guide financial actions and mindset Psalm emphasizes that everything belongs to God shifting the perspective from personal ownership to stewardship Embracing this principle can change one's mindset about money [... more]

If you're not familiar with the latest variation of the individual retirement account it wouldn't be surprising It's only gone into effect this year ABOUT LEGACY IRAs Unlike a traditional IRA a Legacy IRA indirectly provides income to retirees through a Charitable Gift Annuity CGA A CGA is an agreement between a donor and a nonprofit organization where the donor donates assets and the nonprofit provides regular payments for life based on the donated assets keeping the assets upon the donor's death The Legacy IRA allows individuals over the age of with a traditional IRA to take up to as [... 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]

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]

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 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]

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]

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]

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]