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 salespeople transporters [... 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 claim Social Security benefits [... 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 Christians with the [... more]

For many money is the number one source of stress But what if you could transform your relationship with money from one of fear and dread to one of trust and joy On today's Faith amp Finance Live host Rob West will welcome Dr Shane Enete to discuss how we can do that Then Rob will answer your questions on different financial topics nbsp See omnystudio com listener for privacy information [... more]

Are you confident you'll be able to retire comfortably someday Are you taking steps to make that happen Inadequate savings faulty assumptions and high inflation could create barriers to a comfortable retirement Can we learn anything from today's retirees Matt Bell thinks we can and joins us today to discuss this Matt Bell is the Managing Editor at Sound Mind Investing an underwriter of Faith Finance What does the latest Employee Benefit Research Institute data show about how people feel about their retirement prospects In the latest report nearly of people in the workforce and somewhat higher numbers of those [... more]

At the most recent Kingdom Advisors Conference John shared an incredible story about some friends of his and an inheritance decision they made I've got some friends who are a super sharp young couple in their s His Father shared that he was about to give them a vast multi-million-dollar inheritance Amazing But they had been reflecting carefully on money and faith for months They said 'We are so grateful for this but we're already OK And if we got this money we'd start to rely on the shifting sands of this money for our security instead of the firm [... more]

Hans and Robby are back again this week with a brand new episode This week's discussion is about should you take social security early or wait until you're 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]

What is the risk of playing it too safe That does seem like a bit of a riddle but we can start to make sense of it by first exploring a behavioral phenomenon called loss aversion Researchers have found that most people feel the pain of losing money roughly twice as strongly as the joy of gaining money To say it again clearly losses feel twice as bad as gains feel good This naturally causes many people to be loss averse and try to avoid losses sometimes to such a substantial degree that it undermines their long-term goals One of [... more]

What To Do When You're Treated UnfairlyMoney is often the issue when we interact with others and it's a powerful motivator to strike back when we feel we're being mistreated Losing money we feel we deserve to have can make us feel bitter But Hebrews tells us See to it that no one fails to obtain the grace of God that no 'root of bitterness' springs up and causes trouble and by it many become defiled We live in a fallen world filled with fallen people and we'll all experience mistreatment at one time or another It's important to remember [... more]

What should folks consider when making this decision People should consider the following when deciding when to take Social Security benefits Understanding that if they take benefits before full retirement age they will be subject to a reductionDelaying past full retirement age means receiving an annual increase of called a delayed retirement creditCash flow needs if retiring and replacing incomePaying down debtIncreasing charitable givingHealth and longevity in the family impacting how long benefits may need to last Legacy goals and inheritance as Social Security benefits can't typically be passed on while portfolio assets can beIncome taxes as Social Security could [... more]

Mark Biller is Executive Editor at Sound Mind Investing a longtime underwriter of this program WHAT IS THE IMPORTANCE OF A RETIREMENT PLANNING CHECKLIST Comparing retirement planning to a preflight checklist underscores the critical importance of preparation Just as pilots meticulously ensure the safety of their flight individuals approaching retirement need to assess various aspects of their financial life to ensure a smooth transition into retirement This analogy highlights the need for thoroughness and attention to detail in retirement planning especially for those within a decade of their planned retirement date A retirement planning checklist serves as a comprehensive review [... more]

Money is a useful tool for reaching personal goals supporting loved ones and serving those in need nbsp But no matter how necessary it is for daily living money should not become an object of our devotion On today's Faith amp Finance Live host Rob West will talk about the love of money Then Rob will take your calls and various financial questions nbsp See omnystudio com listener for privacy information [... more]

You rsquo re nearly at full retirement age and still working But if you take Social Security benefits now will they be reduced because your income rsquo s too high On today's Faith amp Finance Live host Rob West will explain how much income you can make when you rsquo re already receiving your social security benefits Then he rsquo ll answer your questions on different financial topics nbsp See omnystudio com listener for privacy information [... more]

You rsquo re nearly at full retirement age and still working But if you take Social Security benefits now will they be reduced because your income rsquo s too high On today's Faith amp Finance Live host Rob West will explain how much income you can make when you rsquo re already receiving your social security benefits Then he rsquo ll answer your questions on different financial topics nbsp See omnystudio com listener for privacy information [... more]

DECIDING WHEN TO START RECEIVING SOCIAL SECURITY BENEFITSIt's recommended to delay receiving Social Security benefits until Full Retirement Age FRA of or as benefits are permanently reduced by about for each year you start taking them before reaching FRA BREAK-EVEN POINT FOR DELAYING SOCIAL SECURITY BENEFITSIf you delay receiving Social Security benefits until FRA it takes nearly years to recoup the money you missed by not taking benefits early After around age you'll be financially ahead each month for the rest of your life LIFE EXPECTANCY CONSIDERATIONS FOR SOCIAL SECURITYOnce you reach age the average life expectancy is for females [... 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]

Almost a quarter of all jobs added in didn't actually exist AOC accuses Republicans of weaponizing impeachment after she voted to impeach Trump twice The DOJ wants gender dysphoria to be protected as a disability in prisons Philadelphia will remove a statue of William Penn for something more inclusive Some GOP members think Speaker Johnson is in way over his head Some GOP members push for former disgraced Missouri Governor Eric Greitens ato run for Congress Jimmy Kimmel goes on a rant trashing Aaron Rodgers after he made a joke about Epstein's list Vivek Ramaswamy tries to dunk on Nikki [... more]

Sharon Epps is the President of Kingdom Advisors WHAT IS THE CURRENT STATE OF ECONOMIC UNCERTAINTY ACCORDING TO RECENT RESEARCH AND WHAT ARE ITS EFFECTS Economic uncertainty is at a high as indicated by the International Monetary Fund's World Uncertainty Index Covering data from countries over the past years the current level of uncertainty is among the highest since This uncertainty can lead to fear decision paralysis and irrational decision-making Economic uncertainty is significantly high currently comparable to the highest levels since This uncertainty can cause fear hinder decision-making and lead to irrational choices Historical perspective shows that economic uncertainty [... more]

It seems as if retailers start the so-called traditional buying season earlier and earlier every year There's a lot of pressure to spend money on holiday d cor gifts and experiences Well if they can start early so can we We're going to help you prepare by resisting the temptations of emotional buying and impulse spending It's crucial to prepare in advance to avoid succumbing to emotional buying and impulse spending EMOTIONAL BUYING It's crucial to prepare in advance to avoid succumbing to emotional buying and impulse spending Most buying decisions especially during holidays are influenced by emotions Factors that [... more]

You probably remember looking forward to your birthday when you were a kid mdash always proud when you could say you were one year older Yet as we age birthdays don rsquo t hold the same charm But financially speaking some are more important than others On today's Faith amp Finance Live host Rob West will talk about the financial milestone birthdays we all need to keep in mind Then he rsquo ll answer your calls on various financial topics nbsp See omnystudio com listener for privacy information [... 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]

Robby and Tom are back again this week with a brand new episode This week they discuss social security payback 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]

Mark Biller is executive editor at Sound Mind Investing Mark recently published an article in the latest SMI newsletter titled Measuring the Market's Valuation Market valuation refers to the process of assessing the worth or value of the overall stock market or individual stocks within it It involves determining whether the current prices of stocks accurately reflect their underlying fundamentals such as earnings assets and growth potential Market valuation is essential because it helps investors make informed decisions about buying or selling stocks Here's why market valuation is important Price Assessment It helps investors assess whether the prices of stocks [... more]

MONEY ISN'T THE PROBLEMAsk any couple what causes the most stress in their marriage and they'll probably say money However the problem isn't usually money itself or even lack of money No financial tension in a marriage more often springs from bad attitudes unrealistic expectations and wrong assumptions about how to handle money Part of the problem is that everything has a money angle Most of our plans desires hopes and dreams involve some kind of financial activity That means you're constantly facing emotional questions about how to spend save borrow earn and give your money And chances are you [... more]

The Social Security fund is set to run out of money by One measure that could help keep the program afloat would be to raise the retirement age possibly to years old In this video Peter with Richon Planning and Erin Kennedy break down the ways this could affect your financial plan An early retirement could be even more costly You may have to work longer than you're able You may run out of savings And remember claiming social security early will become even more costly For example if your full retirement age is claiming Social Security at age will [... more]

Figuring out the most financially optimal time to claim Social Security is a complicated equation that involves hundreds of variables to complicate matters hidden deep within Social Security's Handbook are a few gotchas that can reduce your benefits forever To make sure you don't shortchange yourself Peter with Richon Planning and Erin Kennedy are breaking down the top five If you take two benefits at once you lose one of the two If you take your retirement benefit at the same time as your spousal or divorced spousal benefit your retirement benefit will generally wipe out your spousal or divorced [... more]

How often have you heard someone say they want their kids to have things they didn rsquo t have That parental wish is part of the American Dream right On today's Faith amp Finance Live host Rob West will talk with Art Rainer about how loving parents can easily fall into debt while trying to provide the ldquo best rdquo things for the kids Then Rob will answer your calls on various financial topics nbsp See omnystudio com listener for privacy information [... more]

The leaker is identified arrested in Massachusetts and charged with espionage Republicans in Tennessee show a willingness to budge on gun laws Primary care providers were bribed to suggest patients to take the COVID vaccine Is Ukraine buying fuel from Russia with American dollars Dana explains how Democrats are using abortion to target all Republicans in elections Democrats call on Dianne Feinstein to resign while staying quiet on John Fetterman President Macron raises the retirement age amid violent riots Bud Light admits the Dylan Mulvaney endorsement was a mistake Please visit our great sponsors Black Rifle Coffeehttps blackriflecoffee com danaUse [... more]

Since the start of the pandemic about of retirees between and have re-entered the workforce If you're thinking of going back to work or unretiring there are a few details you should keep in mind First you will not lose your Social Security benefits but they may change as Peter with Richon Planning explains to Erin Kennedy Also if you unretire you may have to keep taking RMDs and there may be an impact on your medicare benefits If you're thinking about going back to work it's certainly worth having a conversation with a professional to learn how it could [... more]

Despite a sharp increase in the COLA for some people may see a lower Social Security payment this year In this video Peter Richon with Richon Planning and Erin Kennedy break down possible reasons why You Earned Too Much Last Year If you're under full retirement age and are collecting SS benefits while still working there is a limit to the earnings you can receive You Made Changes to Your Medicare Coverage If you made a change to your Medicare coverage such as adding Part D this will cause a deduction from your Social Security benefit check A Medicare Premium [... more]

Jesus makes it pretty clear in Matthew that we can rsquo t serve both God and money nbsp But how can we keep ourselves from becoming slaves to money On today's Faith amp Finance Live host Rob West will unpack the treasure principle and remind us of the biblical truth that where your treasure is there your heart will follow Then he'll answer your questions on different financial topics nbsp See omnystudio com listener for privacy information [... more]

MWL record start record start record start record start record startSee omnystudio com listener for privacy information [... more]

What if you could save almost a third of your grocery budget And what if the only thing you had to do is become a bit more familiar with some commonly used food safety terms On today's MoneyWise Live Rob West will share some tips on how to more accurately decipher the expiration dates of your groceries Then he'll answer your calls and questions on various financial topics See omnystudio com listener for privacy information [... more]

Hans and Robby are back again this week with a brand new episode This week Hans and Robby are going over social security full retirement age This is vital information for those at full retirement age as well as for those approaching that age 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]

Millions of American workers plan to retire this year but many wonder if they'll have enough to stay retired On today's MoneyWise Live host Rob West will explain how much income the average retiree needs and he'll share some steps you can take to trim your retirement budget Then he'll answer your calls and questions on various financial topics See omnystudio com listener for privacy information [... more]

We are often asked when is the right time for someone to start taking Social Security benefits Should they only wait until full retirement age or is it worth it to wait longer On today's MoneyWise Live host Rob West will cover common mistakes people make when claiming benefits Then he'll answer some calls and questions on various financial topics See omnystudio com listener for privacy information [... more]

We are often asked when is the right time for someone to start taking Social Security benefits Should they only wait until full retirement age or is it worth it to wait longer On the next MoneyWise Live host Rob West will cover common mistakes people make when claiming benefits Then he rsquo ll answer your calls and questions on various financial topics That rsquo s the next MoneyWise Live mdash where biblical wisdom meets today rsquo s finances weekdays at pm Eastern pm Central on Moody Radio [... more]

Do you know that your retirement plans are on track nbsp Or do you just hope they are On the next MoneyWise Live host Rob West will talk about a new study that has revealed a surprising number of people aren rsquo t saving enough for retirement and that rsquo s probably because of misconceptions they have about what they rsquo ll need to reach their goals Then he rsquo ll take your calls and questions on the financial matters you rsquo d like to discuss That rsquo s MoneyWise Live mdash where biblical wisdom meets today rsquo s financial [... more]

Millions of Americans who are currently receiving Social Security benefits are actually still working It rsquo s true you can receive benefits without totally retiring But big changes may be coming for the workers who do On the next MoneyWise Live hosts Rob West and Steve Moore have the details about some new benefit rules nbsp Social Security changes for workers on the next MoneyWise Live at pm Eastern pm Central on Moody Radio [... more]

Hans and Robby discuss what exactly full retirement age means for your Social Security benefit 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]

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 Matthew Jesus gives His sermon on the mount and asks His followers not to worry as their faith will replace their fear Social Security strikes fear in many people especially regarding how long it will be around This week Hans and Robby discuss how to apply faith or in this case fact to Social Security in order to alleviate fears and maximize your benefit The Social Security Trustees Report was recently released While this report is very long Hans summarizes it basically saying that the Social Security fund was increased by millions of dollars this year they did not [... more]

Many of us are familiar with the idea of waiting on the Lord For years Robby explains he thought just waiting was okay He then explains how he studied QAVAH from Genesis and found that sometimes there is waiting but sometimes you need to twist into your situation and get more insight This twisting can help retirees find the right answer to when to claim their Social Security benefit Hans and Robby discuss couples this week who have taken an usual route to their Social Security benefit The first couple is from Ohio When they came to Hans they learned [... more]

What are the biggest financial regrets that people have once they get to retirement age Learn from the mistakes of others and avoid these regrets yourself [... more]

Conservative government reformers have made great strides in North Carolina in recent years but there's still room for improvement The th-anniversary edition of the John Locke Foundation's Agenda book spells out recommendations for free-market limited-government reforms in taxation spending education health care property rights and other critical areas of state government JLF Vice President for Research Roy Cordato discusses some of the recommendations and explains why they would help North Carolina prosper This year's presidential election will have a profound impact on the American courts Doug Bandow senior fellow at the Cato Institute reminds us that the next president will [... more]