Understanding the three-legged stool of retirement income, Americans rely on Social Security, employer-sponsored plans, and personal savings, with individual retirement accounts playing a crucial role. Mark Biller breaks down the differences between traditional and Roth IRAs, discussing tax implications, contribution limits, and eligibility. He also shares practical advice on setting up business finances, including separating personal and business accounts, choosing a simple accounting system, and treating taxes as a bill to be paid. [... more]

Work is not just a means to an end, but an act of worship to God, reflecting the God who creates, orders, and sustains all things. Scripture reframes the conversation on work, showing it as a sacred calling woven into what it means to bear God's image. Faithful stewardship of resources, including finances, is a key aspect of living out one's faith, and trusting in God's provision and sovereignty is essential for navigating life's uncertainties. [... more]

Creating a pension-like check for life by turning 401k savings into a guaranteed income stream, addressing concerns about long-term care and financial security in retirement. [... more]

Many retirees struggle with rising costs and limited income, yet often overlook their home equity as a valuable resource. A reverse mortgage can provide a safer, more flexible option to tap into this asset, eliminating mortgage payments and offering a guaranteed line of credit for future expenses. Additionally, setting up a 401k plan can be a great tool for small businesses, offering tax benefits and encouraging employees to save for their future. Effective financial planning and stewardship are crucial for a secure retirement, and understanding the options available can make a significant difference in achieving long-term financial goals. [... more]

Ron Blue shares lessons from his own journey from Wall Street to biblical stewardship, emphasizing how recognizing God's ownership of our finances transforms our lives and relationships. He discusses the importance of setting financial finish lines, establishing a lifestyle, and living with financial margin. Blue also addresses how biblical financial principles can improve communication in marriage and how God uses money to test and build faith. [... more]

Managing money doesn't have to feel overwhelming or disconnected from your faith. By integrating your financial decisions with your values and faith, you can make wise choices that honor God and lead to human flourishing. [... more]

A couple in their 60s can purchase a monthly income guaranteed for life, starting at $2,000 a month, for a total of $331,000. This is achieved by combining two annuities, one paying $2,000 a month for five years, and the other paying $2,000 a month for life. The couple can also collect a cash flow of 7.2% of the total investment, making it a great opportunity to provide a guaranteed income for life. [... more]

As Christians, our service to the Lord never ends, and our view of retirement should be different from the world's view. We should save for the day when we can no longer work as diligently as we do now, but continue to serve the Lord in some capacity. It's prudent and entirely biblical to save for the future, and we should look to God's word for guidance on managing our finances. [... more]

Bank runs are rare these days due to insurance provided by the Federal Deposit Insurance Corporation and the National Credit Union Administration. However, some credit unions opt for private insurance, offering more robust coverage. Meanwhile, individuals face decisions about when to take Social Security benefits and navigate Medicare enrollment, while also managing 401k plans. [... more]

Preparing for the future involves making important financial decisions, such as updating wills, powers of attorney, and healthcare directives. It's also crucial to communicate with your spouse and loved ones about your wishes and financial plans, ensuring a smooth transition in the event of your passing. [... more]