Home values and interest rates remain high and that rsquo s leading some parents to consider becoming a bank for their kids to help them finance their home purchase But are there pitfalls that come with that strategy On today's Faith amp Finance Live host Rob West will explore the idea of you helping your kids buy a house Then he rsquo ll answer some calls and financial questions nbsp See omnystudio com listener for privacy information [... more]

Home values and interest rates remain high and that rsquo s leading some parents to consider becoming a bank for their kids to help them finance their home purchase But are there pitfalls that come with that strategy On today's Faith amp Finance Live host Rob West will explore the idea of you helping your kids buy a house Then he rsquo ll answer some calls and financial questions nbsp See omnystudio com listener for privacy information [... more]

The S P recently crossed its January peak fueled by investor optimism and signaling from the Fed that we'll begin to see lower interest rates The Dow also recently hit a new high However as Peter with Richon Planning explains to Erin Kennedy this rally can't last forever which is why it's so important to stick to your financial plan When the market reaches new highs investors feel euphoric and tend to invest more precisely when we are at the point of maximum financial risk This counterintuitive reaction is known as emotional investing Remember the point of maximum financial opportunity [... more]

You rsquo ve heard it said ldquo Paying rent is throwing your money away You should buy a house rdquo But is that really true On today's Faith amp Finance Live host Rob West will share what analysts are saying nowadays mdash that it actually makes financial sense to rent vs buying a house mdash at least for now Then he rsquo ll answer your financial questions nbsp See omnystudio com listener for privacy information [... more]

Having bad credit is expensive With inflation and high interest rates it rsquo s more important than ever to keep your credit score as high as possible and you won rsquo t believe how much money that can save you On today's Faith amp Finance Live host Rob West will talk about the added expense of having bad credit Then he rsquo ll answer your financial questions on various topics nbsp See omnystudio com listener for privacy information [... more]

Having bad credit is expensive With inflation and high interest rates it rsquo s more important than ever to keep your credit score as high as possible and you won rsquo t believe how much money that can save you On today's Faith amp Finance Live host Rob West will talk about the added expense of having bad credit Then he rsquo ll answer your financial questions on various topics nbsp See omnystudio com listener for privacy information [... more]

It's been a long time since we've seen inflation-adjusted interest rates above zero Since the Fed began hiking interest rates investors can once again earn attractive returns on cash But as Peter with Richon Planning explains to Erin Kennedy you may be earning less money than you think after accounting for inflation and taxes Instead of socking your money away in CDs treasuries or Money Market accounts Peter suggests you consider Buffered ETFs which can offer full principal protection Also unlike cash and cash alternatives Buffered ETFs don't generate taxable interest Instead you get much more favorable capital gains treatment [... more]

The third quarter of saw record growth in annuity sales billion That's an jump over the same quarter last year Here's one reason why recent interest rate hikes When interest rates rise that often means better returns on annuities especially for fixed and fixed index annuities Peter with Richon Planning explains the correlation to Erin Kennedy while outlining why annuities could make sense as part of your larger financial plan Annuities function as a private pension They can provide guaranteed income for the rest of your life Creating a private pension has become increasingly important because the percentage of workers [... more]

When considering investing options bonds are a little mysterious to many people For example when interest rates rise bond prices go down So what's up with that On today's Faith amp Finance Live host Rob West will welcome Mark Biller to go over some basic facts about bonds and explain these fixed income securities Then they will answer your investing questions See omnystudio com listener for privacy information [... more]

When considering investing options bonds are a little mysterious to many people For example when interest rates rise bond prices go down So what's up with that On today's Faith amp Finance Live host Rob West will welcome Mark Biller to go over some basic facts about bonds and explain these fixed income securities Then they will answer your investing questions See omnystudio com listener for privacy information [... more]

In less than four years home prices have surged by percent or more in many American cities Interest rates are more than double what they were during the Trump years With house prices rapidly outpacing the wages of American workers the world wonders Will America's young people ever be able to afford a house like their parents and grandparents could E J Antoni breaks down the impact of Washington's disastrous inflationary bubble Plus Rep Chip Roy discusses the prospects for Congress to get rid of endless CRs slash spending and maybe just maybe work over the Christmas holidays Support the [... more]

We should be concerned about high inflation rising interest rates and the Wall Street rollercoaster But when concern turns to worry then it becomes a problem On today's MoneyWise Live host Rob West will talk with Jim Newheiser about how God empowers us to overcome worry Then Rob will answer your calls and financial questions nbsp See omnystudio com listener for privacy information [... more]

The Federal Reserve rsquo s ongoing effort to curb inflation by raising interest rates is having a ripple effect throughout the economy especially in the housing market On today's MoneyWise Live Rob West will get a mortgage update from Dale Vermillion Then Rob will answer your questions on various financial topics nbsp See omnystudio com listener for privacy information [... more]

Many factors are making home ownership more difficult but the big ones are higher interest rates and low inventory If you're in the market to buy a home make sure you tune in for today's Faith amp Finance Live Host Rob West will welcome Aimee Dodson to talk about overcoming those ownership hurdles so you can move from renting to buying Then Rob will answer your calls about various financial topics See omnystudio com listener for privacy information [... more]

Ask any couple what causes the most stress in their marriage and they rsquo ll probably say ldquo money rdquo nbsp However the problem isn rsquo t usually money itself ndash or even lack of money On today's Faith amp Finance Live Rob West will explain how you can manage money tensions and restore peace in your marriage nbsp Then he rsquo ll answer your questions on various financial topics nbsp See omnystudio com listener for privacy information [... more]

By planning and saving for things you know you're going to need or want in the future you can avoid taking out loans or going into debt with your credit cards On today's Faith amp Finance Live host Rob West will explain how taking certain steps can make saving for major purchases a lot easier Then he'll answer your calls and financial questions See omnystudio com listener for privacy information [... more]

If you rsquo re carrying a balance on a credit card do you know how much you rsquo re paying in interest Here rsquo s a hint mdash it rsquo s a lot more than you were last year On today's Faith amp Finance Live host Rob West will talk with Neile Simon about how you can fight back against rising credit card interest rates Then Rob will answer your calls on various financial topics nbsp See omnystudio com listener for privacy information [... more]

The Fed has raised interest rates times in the last months hoping to curb inflation So will the latest rate hike tip us into the recession we rsquo ve all been expecting On today's Faith amp Finance Live Rob West will talk with Lauren Gajdek about how you can be prepared if the economy falters and you lose your health insurance Then Rob will answer your calls on various financial topics nbsp See omnystudio com listener for privacy information [... more]

As the Federal Reserve raises interest rates the economy is slowing down and a weakening labor market is certain to follow On today's Faith amp Finance Live host Rob West will mention the latest unemployment numbers and share some tips to help you sharpen your job hunting skills Then he rsquo ll answer your calls on various financial topics nbsp See omnystudio com listener for privacy information [... more]

In this episode of Planning Matters Radio we have a surprise guest TomHegna that is joining us The author of multiple books including Don't Worry Retire Happy and Pay Checks and Play Checks TomHegna joins us to discuss the income planning piece of retirement and how simple it can be when broken down We hope you enjoy this special edition to Planning Matters Radio Give PeterRichon a call at - and visit RichonPlanning com [... more]

The Federal Reserve's raising of interest rates to fight inflation is a recipe for slowing the economy down which means a recession is likely coming our way So are you prepared for it On today's Faith amp Finance Live Rob West will talk about how to recession proof your finances Then he'll answer your questions on various financial topics See omnystudio com listener for privacy information [... 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]

Based on some estimates the average household spends an astonishing of its food budget eating out But should we be spending that much on convenient ways to eat On today's Faith amp Finance Live host Rob West will talk about how making changes to your food budget can easily save you a lot of money and calories Then Rob will answer your questions on various financial topics nbsp See omnystudio com listener for privacy information [... more]

Inflation and higher interest rates have taken a toll on home sales But does that mean prices are coming down making this a good time to buy On today's Faith amp Finance Live Rob West will welcome Dale Vermillion to talk about the state of the housing market and fill us in on the latest news from the mortgage industry Then Rob will answer your calls and financial questions See omnystudio com listener for privacy information [... more]

What was the biggest financial headline of According to Peter at Richon Planning the two stories of are Inflation and the ensuing Fed Rate Hikes As Peter explains to Erin Kennedy steep interest rate hikes from the Fed affected almost every aspect of our economy and the markets putting pressure on both stocks and bonds Peter also weighs in on whether bonds will make a comeback and how the Midterm elections will affect the markets in If you'd like to speak with Peter about your unique financial goals for and how continuing interest rate hikes may affect your financial plan [... more]

On the long list of words that don rsquo t sound like much fun discipline is certainly included But is that really a fair assessment considering the benefits that come from discipline On today's MoneyWise Live Rob West will remind us that although it may not be fun we all need discipline mdash especially with our finances Then he rsquo ll answer your questions on various financial topics nbsp See omnystudio com listener for privacy information [... more]

Rising interest rates will cause lump sum pension buyouts to be significantly lower in That has a lot of pre-retirees wondering if they should be considering an early retirement Peter with Richon Planning walks through several important questions you should ask yourself before accepting that buyout Peter recommends to Erin Kennedy that you sit down with a trusted financial advisor who can help you create a plan that incorporates not only the value of your lump sum buyout but also factors in other income sources tax planning and your legacy goals There is no cookie-cutter answer to this question But [... more]

Debt consolidation can seem like the best solution to lower the interest rates and payments on your credit card debt But can that strategy lead to more complications and new problems On today's MoneyWise Live Rob West will talk about how debt consolidation can get you into worse trouble than when you started Then he'll answer your calls and financial questions See omnystudio com listener for privacy information [... more]

Interest compounding inflation bonds FINRA annually tests the American public's knowledge of basic financial concepts Peter Richon of RichonPlanning discusses these topics as well as Traditional vs Roth IRA's the recent and upcoming Fed rate hikes and where you can get a secure interest on savings right now on this week's show [... more]

Record low interest rates have brought on a flurry of home refinancing and with it the very big temptation to increase the size of your loan and take cash out against your home's equity But is it wise to borrow like that On today's MoneyWise Live Rob West will give a brief refresher course on wise biblical borrowing Then he'll answer your calls and questions on various financial topics See omnystudio com listener for privacy information [... more]

Hans and Robby are talking retirement this week There is a lot to go over like annuities and so much 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 Find us on YouTube Cardinal Advisors [... more]

Do you feel like your dollar just isn't going as far In this episode Peter Richon welcomes guest Octavio Marenzi to discuss Federal monetary policy and inflation concerns for spenders savers and investors [... more]

Many would argue that the pandemic and its economic effects have made the rise in our nation rsquo s debt necessary But our founding fathers never could have imagined the -trillion-dollar budget deficit that the federal government has now accumulated On the next MoneyWise Live host Rob West will talk with economist Jerry Bowyer about this critical topic and how it may affect your finances Then Rob will take your questions on the financial topics you rsquo d like to discuss That rsquo s MoneyWise Live where biblical wisdom meets today rsquo s finances weekdays at pm Eastern pm Central [... more]

We knew interest rates couldn rsquo t remain at historic lows forever and now they rsquo re showing the first signs of rising A growing economy and government spending are starting to have an impact on inflation So what does that mean for your finances On the next MoneyWise Live hosts Rob West and Steve Moore sit down with investing expert Mark Biller to find out Then Rob and Steve take your calls and questions on the financial matters you rsquo d like to discuss Rising interest rates on the next MoneyWise Live at pm Eastern pm Central on Moody [... more]

If you rsquo ve been wondering whether it rsquo s time to refinance your house today rsquo s low interest rates could help you make up your mind But is interest the only thing to consider when deciding to refinance On the next MoneyWise Live hosts Rob West and Steve Moore talk with mortgage expert Dale Vermillion about the current real estate climate We rsquo ll ask on the next MoneyWise Live at pm Eastern pm Central on Moody Radio nbsp [... more]

For years Certificates of Deposit or CDs have been the ldquo go to rdquo place to park your money with no risk But with current interest rates at historically low levels are there other safe investments you could use to earn more On the next MoneyWise Live hosts Rob West and Steve Moore have a few ideas to improve your return It's CD alternatives on the next MoneyWise Live at pm Eastern pm Central on Moody Radio [... more]

There are two kinds of people in this world mdash borrowers and savers Right now times are not good for the savers Historically low interest rates are proving to be a problem for those with fixed return investments On the next MoneyWise Live hosts Rob West and Steve Moore talk with Mark Biller about strategies to protect your nest egg from inflation It rsquo s the retirement investing challenge on the next nbsp MoneyWise nbsp Live at pm Eastern pm Central on Moody Radio [... more]

Those who are fed up with the low interest rates on their bank savings accounts are turning to P P mdash or ldquo people to people rdquo mdash lending This investment strategy can bring in higher returns but not without risk On the next nbsp MoneyWise nbsp Live hosts Rob West and Steve Moore share the pros and cons of this new investing idea We rsquo ll talk about P P lending on the next MoneyWise Live at pm Eastern pm Central on Moody Radio [... more]

If you like to haggle or negotiate then you may want to try doing it with your credit card companies With a little knowledge about how to approach them you may be able to get lower interest rates and fees simply by asking On the next MoneyWise Live hosts Rob West and Steve Moore have some tips for you How to negotiate with credit card companies on the next MoneyWise Live at pm Eastern pm Central on Moody Radio [... more]

Mortgage interest rates may be the lowest they rsquo ve ever been But if you want to get a new mortgage or refinance you better take a number nbsp So how can you take advantage of these rate offers when the lenders are log-jammed On the next MoneyWise Live hosts Rob West and Steve Moore talk with mortgage expert Dale Vermillion to find out nbsp It rsquo s the refi-rush on the next MoneyWise Live at pm Eastern pm Central on Moody Radio [... more]

There rsquo s been a wave of refinancing activity spurred on by the COVID- crisis With interest rates down and the need for lower payments and increased cash flow some homeowners are choosing to refinance their mortgage On the next MoneyWise Live hosts Rob West and Steve Moore welcome mortgage expert Dale Vermillion who offers mortgage advice for homeowners Refinancing your home on MoneyWise Live at pm Eastern pm Central on Moody Radio [... more]