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 holidays are behind us you know what that means it s tax season But before you start gathering your W- s and receipts there s an important question Do you know who will prepare your taxes this year With a nationwide shortage of Certified Public Accountants CPAs and tax professionals waiting too long to find a preparer could leave you scrambling and vulnerable to scams Here s how to protect yourself and find a trusted tax preparer Who Can Prepare Your Taxes When hiring a tax professional your preparer will likely fall into one of three categories Certified Public [... more]

Many of us are quick to offer help to others but struggle when it comes to asking for help ourselves Why is that As Christians we are known for our generosity and willingness to assist those in need However when it s our turn to seek help we often hesitate Let s explore why that is and why asking for help is not only okay but also glorifies God The Reluctance to Ask for HelpChurches frequently establish benevolence funds to support members going through financial hardships Most of us gladly contribute to these funds eager to help those in need [... 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]

Roth IRAs are a great way to create wealth Roths offer tax-free withdrawals of contributions and earnings in retirement Plus that money can grow tax-free indefinitely because Roths are not subject to required minimum distributions However as Peter with Richon planning explains to Erin Kennedy there is a catch you can only contribute to a Roth IRA if your income is below for single filers and under if you filed married If you're over that limit there are still ways to contribute to your Roth account including Roth k Roth conversion Backdoor Roth Mega-backdoor Roth IRA Some of these strategies [... more]

One of the most common questions people ask is How much will I need to retire The answer is It depends It depends on your lifestyle needs and one key factor how much you re willing and able to cut from your budget Let s explore how thoughtful adjustments can help you bridge the retirement income gap and make this season of life meaningful and fulfilling Understanding Retirement IncomeMost retirees experience a drop in income While many work-related expenses disappear like commuting clothing and dining out studies show the average retirement budget is about of pre-retirement income Experts generally recommend [... more]

Some people learn from the mistakes of others Unfortunately some people have to be the others Well you certainly don t want to be one of the others who have to learn things the hard way by making mistakes Today we ll talk to Ron Blue about some of the biggest financial mistakes you want to avoid Ron Blue is the Co-Founder of Kingdom Advisors and the author of many books on biblical finance most notably Master Your Money A Step-by-Step Plan for Experiencing Financial Contentment Setting Financial GoalsWithout clear financial goals you're essentially aiming at nothing Goals help you [... 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]

India has one of the world s fastest-growing economies It s also a world leader in human trafficking Human trafficking is a problem in many countries around the world but perhaps nowhere more than in India David Harms is here today to share some hope-filled stories about an organization that s changing the lives of young women and children in India David Harms has devoted nearly a decade of ministry to the work of India Partners an underwriter of Faith Finance With over years of experience in rescuing victims of human trafficking India Partners continues to make a profound impact [... more]

A good man leaves an inheritance to his children's children but the sinner's wealth is laid up for the righteous - Proverbs God s Word is clear that faithful stewards should leave an inheritance for future generations That inheritance doesn t have to be money Passing along biblical principles such as generosity to grandkids well that s priceless Ron Blue joins us to talk about it Ron Blue is the Co-Founder of Kingdom Advisors and the author of many books on biblical finance including Splitting Heirs Giving Your Money and Things to Your Children Without Ruining Their Lives More Than [... more]

Many people assume their taxes will be lower in retirement but that s not always the case In fact as Peter with Richon Planning explains to Erin Kennedy there are good reasons you can plan on your taxes being higher in retirement You won't be spending less if you need the same amount of money to enjoy your retirement you'll be in the same tax bracket when you're not working Tax rates are set to increase many financial experts believe that the Tax Cuts and Jobs Act of reduced federal income tax rates to the lowest level they may ever [... more]

Did you hear about the guy who paid his taxes to the IRS with a smile It didn t work out though it turns out they prefer money Well paying taxes is certainly no laughing matter and we don t want to miss something that could end up costing us money Fortunately Kevin Cross is here today with a list of year-end tax tips you don t want to miss Kevin Cross is a Certified Public Accountant CPA who has headed CPA firms in Florida and now Georgia He has studied the tax code extensively and specializes in representing taxpayers [... more]

Having an emergency fund is great but how can you ensure it s there when you really need it It s easy to set aside money for a rainy day but what happens when we start dipping into that fund for things that aren t actually emergencies The Bible has much to say about wisdom and preparation and Proverbs offers a powerful reminder Precious treasure and oil are in a wise man's dwelling but a foolish man devours them This verse highlights the importance of saving rather than consuming everything we earn urging us to be prepared for the inevitable [... more]

In hymn writer Johnson Oatman Junior penned the timeless words Count your blessings name them one by one a refrain that has encouraged generations It reminds us of the profound role gratitude plays in the Christian life As Thanksgiving approaches this theme of gratitude takes on even greater significance Let s look closer at Oatman s hymn and the enduring truths it holds for us The Importance of GratitudeThankfulness isn t just a holiday sentiment It s foundational to a life of faith In Thessalonians we re reminded to give thanks in all circumstances for this is God s will [... more]

Train up a child in the way he should go even when he is old he will not depart from it - Proverbs God s Word tells us that children should be taught early how to live wisely and righteously including how to handle money Howard Dayton is here to explain why it s especially important to teach kids about the dangers of debt Howard Dayton is the founder of Compass Financial Ministry and the former host of this program He is also the author of a number of books on the topic of Christian Finance and Stewardship The Little-Big [... more]

The Fed is scheduled to meet next week Will it lower interest rates again With one rate cut already on the books and perhaps two more coming before the end of the year folks are wondering what effect all this will have on mortgages and home sales Dale Vermillion joins us today to talk about it Dale Vermillion is the author of Navigating the Mortgage Maze The Simple Truth About Financing Your Home This book covers everything you need to know about securing a mortgage all from a biblical perspective Current Mortgage Rate TrendsWith recent shifts in the economy many [... more]

These days more workers are opting to stay on the job after signing up for Social Security The percentage of Americans over who are still working has doubled since Of course many of them also get security benefits Eddie Holland is here to explain how working affects the monthly benefit check 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 The Impact of Earnings on Social Security Before Full Retirement AgeIf you begin drawing Social Security [... more]

You ve heard the identity theft protection ads for years but do you really need it Today dozens of companies sell identity theft protection so people obviously buy it But what exactly are they getting and is it really worth it Understanding Identity Theft Protection Is It Worth It Identity theft is a growing problem that affects millions of people every year with schemes ranging from credit card fraud to insurance and tax fraud With this in mind many companies offer identity theft protection plans But is it worth it Let s take a closer look at the features their [... more]

Giving is supposed to be a source of great joy for God s people But sometimes we act like it s just another pain in our wallet Christians are supposed to be generous but maybe you re having trouble getting excited about the idea Today we ll point you back to the radical joy of godly generosity Has Your Giving Become Automatic Let s start with an honest confession has your Sunday donation become a routine more about the habit than the heart Or maybe you ve been cutting back on giving due to financial challenges and guilt is starting [... more]

Student loan forgiveness is much in the news these days It s on It s off It s on again maybe What s the lesson here The lesson is this Avoiding student loan debt is much easier than getting out of it It just takes discipline We ll talk about that with Dr Art Rainer today Dr Art Rainer is the founder of the Institute for Christian Financial Health and Christian Money Solutions He is a regular contributor here at Faith Finance and the author of The Money Challenge for Teens Prepare for College Run from Debt and Live Generously [... more]

You ve saved up your downpayment and found the perfect house to buy But have you considered closing costs They re really the first big expense you ll have with home ownership Which can you negotiate and which are set in stone The Hidden Costs of Homebuying What You Need to Know About Closing CostsBuying a home is an exciting milestone but amidst the thrill of owning your first house it s easy to overlook the long list of closing costs that come with it Many people think that because these costs are often rolled into the mortgage they don [... more]

Hans and Robby are back again this week with a brand new episode This week they discuss charitable distribution from IRAs without income tax 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]

Margin is one of those important things in life that we often take for granted and that can lead to trouble Margin basically means something extra A little extra time or even distance from the car in front of you It s critical especially with your finances I ll talk about financial margin today Applying Margin to Personal FinancesWhen you think of margin you might associate it with the business term profit margin This concept is crucial in business as it determines a company's profit after all expenses Every step of bringing a product to market involves multiple entities manufacturers [... more]

Required Minimum Distributions whether you need the income or not the government will force you to take those distributions so they can collect the taxes but as Peter with Richon Planning explains to Erin Kennedy proactive planning means you control your tax liability Here are Peter's quick tips to optimize your RMDs Roth Conversions Plan for Strategic Withdrawals Delay Taking Social Security If you'd like to speak with Peter about how you can better control your tax liability please give him a call at - or visit www RichonPlanning com WealthManagement Taxes SocialSecurity RothConversions FinancialAdvisor [... more]

The Bible clearly says that Christians are to give but is it always as clear about where we should give We all have to decide where we will give from our limited resources So a good question to ask is Does God care where we give I ll talk about that today with David Wills David Wills is President of The National Christian Foundation NCF He is also the co-author of Investing in God s Business The How To of Smart Christian Giving and numerous articles and lectures nationwide A New Perspective on GivingA recent article titled Does God Care [... more]

Train up a child in the way he should go even when he is old he will not depart from it Proverbs Teaching our children how to manage God s money is vital to raising them But how can parents do this well Brian Holtz will share some great insights today Brian Holtz is the Chief Operating Officer at Compass Financial Ministry and the author of Financial Discipleship for Families Intentionally Raising Faithful Children MVP Parenting Building Financial Wisdom in the Next GenerationIntroducing MVP Parenting a concept foundational for nurturing financial wisdom and spiritual growth in our children Howard Dayton [... more]

Some people learn from the mistakes of others Unfortunately some people have to be the others You certainly don t want to be one of the others who must learn things the hard way by making mistakes Today we'll talk to Ron Blue about some of the biggest financial mistakes you want to avoid Ron Blue is the Co-Founder of Kingdom Advisors and the author of many books on biblical finance most notably Master Your Money A Step-by-Step Plan for Experiencing Financial Contentment Setting Financial GoalsRon emphasized the importance of establishing clear financial goals Without clear financial goals you're essentially [... more]

HOUR Caitlin Clark has to deal with more media drama Amy reacts to baseball from across the pond Chiefs WR Rashee Rice speaks publicly for the first time since his incidents [... more]

The Qualified Charitable Distribution is one of the most underutilized tax benefits yet almost million Americans can take it There are many requirements for taking a Qualified Charitable Distribution QCD or QCD You must be and have an IRA If more folks understood QCDs better they might take them David Hogan joins us today with the ABCs of QCDs David Hogan is the Principal of Clifton Larson Allen CPA s in Atlanta GA What is a Qualified Charitable Distribution QCD Simply put a QCD directly transfers funds from your Individual Retirement Account IRA to a qualified charity This move doesn [... more]

The Qualified Charitable Distribution or QCD is one of the most underutilized tax benefits yet almost million Americans are eligible to take it But because of their various requirements more folks might take advantage of this option if they understood them better On today's Faith amp Finance Live host Rob West will welcome David Hogan to talk about the ABCs of QCDs Then Rob will take some calls and answer various financial questions See omnystudio com listener for privacy information [... more]

Many think Solomon was the wisest man who ever lived and much of his God-given wisdom is about managing money John Putnam joins us today to talk about the Money Moves of Solomon so you can be just as wise John Putnam is a Strategic Stewardship Coach a Certified Kingdom Advisor CKA and the founder of Money Made Faithful a financial discipleship marketplace ministry The Wisdom of King SolomonScripture makes it clear just how wise Solomon was In Kings we learn that God granted Solomon wisdom and understanding beyond measure surpassing all others in wisdom So what financial principles did [... more]

My eyes are ever toward the Lord for he will pluck my feet out of the net the troubles of my heart are enlarged bring me out of my distresses - Psalm Do you feel trapped by your finances Do you find yourself giving in to worldly pressure Is there a way out of the world s money trap There is and Sharon Epps joins us today to talk about it 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 [... more]

Taxes are set to increase in And even though it may not feel like it we are living in a historically low tax rate In this video Peter with Richon Planning and Erin Kennedy talk through the pros and cons of a Roth Conversion for someone in their 's First the pros if you convert your IRA to a Roth IRA you and your beneficiaries will have tax-free withdrawals all future growth will happen tax-free and you'll have no Required Minimum Distributions which means you have better control your tax liability But before you convert you should also consider the [... more]

Understanding the three main financial phases in your life is key to maximizing your finances As peter with richonplanning explains to erinkennedy each stage has different goals risks and opportunities The three phases are Accumulation Phase Preservation Phase Distribution Phase If you'd like to learn more about these phases and how to maximize your wealth and minimize risk at each stage please give Peter a call at - or make an appointment at www RichonPlanning com WealthManagement CompoundInterest Taxes Retirement [... more]

If the Social Security Administration considers you a high-income beneficiary you ll pay a surcharge known as the Income-Related Monthly Adjustment Amount IRMAA That means if your modified adjusted gross income is more than for single filers or more than for those who are married and filing jointly you'll be paying the IRMAA penalty However as Peter with Richon Planning explains to Erin Kennedy there are strategies you should consider to reduce that penalty They are Roth IRA Conversions Health Savings Accounts Qualified Charitable Distributions There are also instances when you can apply for an IRMAA waiver To avoid that [... more]

It All Starts With CommunicationCommunication is crucial for estate planning in blended families highlighting the importance of being open transparent and truthful While this may be difficult at times it's essential for bringing issues to the forefront suggesting that effective communication is the foundation for addressing the unique challenges blended families face in estate planning How do blended families with different goals work it out When spouses in blended families have different goals they should prioritize seeking understanding and compromise Seek first to understand and then to be understood emphasizing the value of asking questions like tell me more about [... more]

CONSIDERING THE FUTURE POST-HIGH SCHOOLRob discusses the pressure high school seniors and their parents face concerning post-secondary education and emphasizes the importance of aligning educational choices with financial realities He stresses the goal of avoiding college debt through early savings exploring scholarships and considering alternatives to a four-year college such as technical schools online courses and military service Financial planning for education should begin early incorporating discussions about affordability and scholarships Exploring educational alternatives can provide viable paths that align with career goals and financial constraints Completing the FAFSA is essential for all college-bound students to assess eligibility for financial [... more]

Carolyn Calupca on the program was a long time senior producer at Crown Financial Ministries where she worked closely with Larry Burkett for many years She's now a frequent contributor here at Faith and Finance and the author of our new -week study guide Rich Toward God A Study on the Parable of the Rich Fool WHAT IS THE HISTORICAL CONTEXT OF THE PARABLE OF THE RICH FOOL Jesus delivers this parable in AD during a time of significant political and spiritual tension in Judea under Roman rule As Jesus moves toward Jerusalem for the last time he attracts a [... more]

WILL BASICS A will is a simpler document that names an executor and beneficiaries It must go through probate court and becomes public record potentially delaying heirs' access to assets Drafting a will through an estate attorney is recommended to minimize probate delays typically costing around TRUST BASICS Trusts manage assets both before and after death bypassing probate and keeping transactions private Types include revocable living and irrevocable trusts with the former being alterable during the grantor's lifetime Trusts can designate a successor trustee to manage assets if the grantor becomes incapacitated ensuring continuity and privacy KEY REASONS FOR A [... more]

LLC or Limited Liability Company This business structure protects you from personal responsibility for the company's debts or liabilities An LLC gives you protection from debt collectors and lawsuits involving the company just as a corporation would But unlike a corporation the LLC allows what's called flow through for tax purposes The LLC doesn't pay corporate income taxes The company's profits and losses or deductions are passed on to the members of the LLC With an LLC it's easier to set up than a corporation An LLC may have to be dissolved if a member dies or files for bankruptcy [... more]

WHAT DOES IT MEAN TO LIVE A CHRISTIAN LIFESTYLE WITH REGARDS TO MONEY Living a Christian lifestyle with money involves having the right attitude towards it regardless of the amount one possesses This perspective transcends the amount of wealth and focuses on the heart and obedience to God's principles on financial management It's about the attitude and obedience rather than the amount of wealth Lifestyle controversies often stem from misunderstandings of biblical teachings on wealth True obedience involves aligning one's financial decisions and lifestyle with biblical convictions HOW CAN WE INTERPRET THE BIBLICAL RANGE OF WEALTH AND POVERTY The Bible [... more]

BOOMER INFLUENCE ON HOUSING MARKET The current landscape of the housing market is significantly influenced by baby boomers particularly in terms of home ownership patterns and inventory distribution A substantial portion of large homes defined as those with three bedrooms or more is owned by baby boomers who are aged between to years old In contrast younger generations including millennials ages to and Gen Zers ages to possess a smaller share of large homes leading to a disparity in housing options Boomers' ownership status with many owning homes outright and having little financial incentive to sell contributes to the limited [... more]

THE DANGERS OF LOVING MONEY AND THE CHRISTIAN RESPONSESome people view money as the source of life's greatest pleasures equating it with security success freedom and power However the Biblical perspective emphasizes trust in Jesus rather than in fleeting worldly possessions THE PROBLEMS WITH LOVING MONEY Timothy warns about the love of money being the root of all kinds of evils emphasizing the destruction and ruin it can bring Loving money leads to a life-destroying path marked by temptation and harmful desires It can cause us to stray from our faith experiencing deep sorrow as a result Money can become [... more]

Mark Biller is executive editor at Sound Mind Investing an underwriter of this program WHAT DOES IT MEAN TO ALLOCATE YOUR PORTFOLIO OR REBALANCE IT Mark Biller explains that asset allocation refers to the distribution of investments across various asset types like stocks and bonds Portfolio rebalancing is the process of adjusting the portfolio back to its target allocation This is necessary because different investments perform differently over time causing the portfolio to drift from its intended allocation Rebalancing involves selling assets that have grown beyond their target percentage and buying those that are underrepresented to maintain the desired risk [... more]

WHY ARE BENEFICIARY DESIGNATIONS IMPORTANT Beneficiary designations are crucial because they're an easy quick and free way to transfer assets accounts and insurance benefits after passing away They take precedence over wills or trusts and are significant because they skip probate and remain private Beneficiary designations offer a straightforward method to transfer assets after death They are prioritized over estate planning documents and bypass the probate process Keeping them updated and accurate is crucial for ensuring assets are distributed as intended WHAT ARE THE KEYS TO REMEMBER ABOUT DESIGNATING BENEFICIARIES When designating beneficiaries it's important to consider various account types [... more]

The following is an encore presentation from Tithing is fairly simple in your working years Your only decision is whether to tithe on your net or gross income But tithing becomes a bit more complicated when you retire So we're bringing in an expert to help simplify things today on Faith and Finance Anthony Saffer is a Certified Financial Planner with One Degree Advisorswhere they've put together a handy resource to help you decide how to tithe in retirement WHY TITHE Let's start by laying the biblical foundation for tithing because some folks will argue that Christians today are no [... more]

We want to thank the folks at the National Christian Foundation for a great article on an alternative way to give and a new twist in Here are some alternative giving strategies for those of you who might be feeling the pinch financially but still have a heart to support your favorite charities Drawing on insights from an article by the National Christian Foundation we're focusing on using your IRA for charitable giving Of course these are general recommendations and may not apply to everyone You should consult with your CPA for specific advice based on your circumstances Okay here [... more]

Cole Pearson is the President of Investment Solutions at OneAscent which is a family of companies dedicated to faith-based investing and an underwriter of this program HOW DOES ONE ASCENT VIEW INTERNATIONAL INVESTING One Ascent views international investing as a critical component of a well-diversified investment portfolio They believe that investing in international markets can mitigate risks and potentially enhance returns Historical data shows that international markets have outperformed U S markets in several decades highlighting the importance of global diversification IS VALUES-BASED INVESTING POSSIBLE WHEN INVESTING ABROAD One Ascent strongly believes that values-based investing is achievable globally They emphasize [... more]

AVOIDING RETIREMENT PLANNING MISTAKES The most significant mistake is not saving enough during working years A recommended practice is contributing - of income to a retirement plan like a k b or an IRA The earlier the start in saving for retirement the better due to the benefits of compound earnings Relying solely on Social Security is not advisable COMMON ROLLOVER MISTAKES TO AVOID Not adhering to the one-per-year rule for IRA rollovers can result in significant tax implications and a tax for excess contributions Missing the -day deadline for rollovers from an IRA to another plan can result in [... more]

Hans Robby and Tom are back again this week with a brand new episode This week they discuss early distributions of IRAs and Ks 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]

Whether you prefer to ignore your natal day or you still celebrate with gusto every year there are a few birthdays we all need to recognize We're referring to the birthdays with financial implications HERE'S OUR LIST OF FINANCIALLY IMPORTANT BIRTHDAYS Day One Newborns can be registered for Social Security immediately Childhood At age one can get a learner's permit which affects parents' insurance rates It's advised to research and shop around for auto coverage Age This is the legal age of adulthood Key actions include registering to vote potential military service registration and self-medical decision making Parents are advised [... 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]

The end of the year is a great time to start thinking about your taxes for the upcoming year That's why Peter with Richon Planning and Erin Kennedy are sharing tax saving tips you can do now to help you get on track for Max Out Your Roth IRA Tax Loss Harvesting Consider Your Tax Filing Status Seek Tax Efficient Investments If you have any questions about Roth Conversions or if you'd like to talk through specific tax efficient investments including Health Savings Accounts s or Qualified Charitable Distributions please reach out to Peter by calling - or visit www [... more]

Mark Biller is Executive Editor at Sound Mind Investing In this month's SMI newsletter he has a great article to help folks make this decision titled Should You Use A Roth Account Even If You Prefer Traditional WHY IS THIS A GOOD TIME TO ASK WHETHER ONE SHOULD USE A ROTH ACCOUNT EVEN IF THEY PREFER TRADITIONAL Roth IRAs were introduced in with rules about who can contribute A new law will soon mandate some older primarily higher income k investors to direct some contributions into Roth accounts This law also impacts those using B B plans and the Thrift [... more]

We talk a lot about the benefits of Roth accounts A Roth IRA allows you to save for retirement with after-tax dollars That means you pay taxes on your contributions now but your withdrawals are tax free in retirement There are also several benefits to inheriting a Roth IRA as Peter with Richon Planning explains to Erin Kennedy the distributions are tax-free and they won't affect your taxable income However with a few exceptions you'll still have to drain the inherited account within years If you are inheriting a Roth IRA here's a quick action plan Understand your beneficiary type [... more]

MAXIMIZING K CONTRIBUTIONS Not contributing enough to a k to receive the maximum employer matching contribution can result in money loss An additional strategy involves front-loading contributions at the beginning of the year to maximize compound earnings with the annual contribution limit noted as or for those aged or older Caution is advised to maintain contributions throughout the year to secure the employer match effectively UTILIZING ROTH IRAS In cases where employers do not offer k plans establishing a Roth IRA is recommended to prevent money loss due to compound earnings over time Roth IRAs provide tax-free retirement income and [... 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]

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]

On this episode of Our American Stories the Old Dominick Distillery story starts back in with an Italian immigrant and a fruit cart that grew to be one of the largest distribution companies in the South Add in a Kentucky woman who didn't drink until she was Alex Castle and you get the first whiskey distillery in Memphis as well as the first female head distiller in the state of Tennessee since Prohibition Support the show https www ouramericanstories com donate See omnystudio com listener for privacy information [... more]

The Matt Slick Live daily radio show broadcast is a production of the Christian Apologetics Research Ministry -CARM- During the show Matt answers questions on the air and offers insight on topics like The Bible Apologetics Theology World Religions Atheism and other issues-- The show airs live on the Truth Network Monday through Friday - PM EST - - PM PST--You can also email questions to Matt using- info-carm org Please put -Radio Show Question- in the Subject line--You can also watch a live stream during the live show on RUMBLE---Time stamps are approximate due to commercials being removed for [... more]