We're revisiting an annual favorite with some new action steps you can take now to set yourself up for success In this video Peter Richon with Richon Planning and Erin Kennedy walk through the top resolutions you should consider in Meet Your Match contribute at least the minimum amount to your retirement accounts to secure your employer's match Contribute More to Retirement contribution limits are higher in and don't forget to contribute to your Roth accounts Create a Budget one of the most important and often overlooked if not avoided steps You don't know what you'll need to live on [... 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]

There are many reasons people put off saving for retirement it's hard to imagine your life or years into the future But there are also many reasons to start saving as soon as possible So what are the five steps young investors can take today Peter at RichonPlanning breaks it down with Erin Kennedy Track Your Budget it's important to know what's coming in and what's going out before you make any financial decisions Set Aside Money for Big Expenses would you like to save for a down payment A wedding A nice vacation Open a Roth account you'll probably [... more]

A lot of us want to go into retirement debt free But before you pay down that debt you should consider a few specific variables And as Peter Richon with Richon Planning explains to Erin Kennedy this isn't a strictly financial decision So before you put money toward that mortgage debt first consider -Your mortgage rate if it's very low your money may be better spent in another investment with a higher rate of return -Tax Consequences you would potentially eliminate a mortage write off and there are penalties if you withdraw money from retirement accounts early -Prioritize Paying Down [... more]

The Bible tells us that only God sees the future but it also says we should prepare for it Does that include churches The short answer is yes On today's Faith amp Finance Live Rob West will explain how churches need to have an emergency fund and he rsquo ll describe what it should look like Then he rsquo ll answer several calls and financial questions nbsp See omnystudio com listener for privacy information [... more]

Having an emergency fund is always important and considering how volatile the markets have been this year Peter with RichonPlanning explains to erinkennedy precisely how much cash you should have on hand right now As you know your emergency fund should be able to cover - months of living expenses Having cash on hand will ensure you don't have to dip into retirement savings to cover living expenses And if you're worried about having too much cash on hand right now considering the rate of inflation there are investment products that still allow for high returns while offering liquidity If [... more]

With another year ending it's time to start thinking about your taxes So are there ways to minimize what you legally have to pay without cutting corners On today's MoneyWise Live host Rob West will share some year-end tax tips that will help you do just that Then he'll answer your financial questions from a biblical perspective See omnystudio com listener for privacy information [... more]

We all make the occasional misstep with our money Some of those mistakes can be quite painful And sometimes we just realize how foolhardy we've been when looking back on our past financial decisions On today's MoneyWise Live Rob West will share a top list of personal finance mistakes to avoid Then he'll answer your calls and questions on various financial topics See omnystudio com listener for privacy information [... more]

These days churches receive regular reminders of the need to take stock of their financial health While each church is different many are finding cash reserves to be a common denominator when it comes to their overall financial health On the next MoneyWise Live hosts Rob West and Steve Moore discuss why it rsquo s important for churches to have an emergency fund Church cash reserves mdash how much is enough That rsquo s on MoneyWise Live at pm Eastern pm Central on Moody Radio [... more]

You have to think of your savings as a piggy bank not a cash cow nbsp If you don rsquo t then you rsquo re just setting yourself up for trouble when you need to tap into your extra funds for a truly unexpected expense On the next MoneyWise Live hosts Rob West and Steve Moore explain the do rsquo s and don rsquo ts of using your emergency fund so you rsquo ll be prepared when you really need it That rsquo on the next MoneyWise Live at pm Eastern pm Central on Moody Radio nbsp [... more]