th Century preacher John Wesley said Do all the good you can by all the means you can in all the ways you can in all the places you can at all the times you can to all the people you can as long as ever you can That s how Christians can respond to God's generous and faithful love Specifically Jesus called his followers to do good to the poor and we ll talk about what that looks like for us The Biblical Foundation for GivingGenerosity towards the needy is a central tenet of Christian living Jesus emphasized the [... more]

When you want pithy quotes check out social media When you want words of truth look to the Bible But be careful not to get those two mixed up Some familiar sayings may sound like Bible verses but they re really not Today we ll find out why so many old saws really don t cut wood God Won t Give You More Than You Can Handle Of all the Bible verses that aren t actually in the Bible here s the most familiar one God won t give you more than you can handle This sounds great especially if [... more]

There are so many benefits to rolling your k into an IRA But turns out according to Vanguard nearly one-third of investors who rolled their k into an IRA were still sitting in cash seven years later they never invested their retirement savings As Peter with Richon Planning and Erin Kennedy discuss these investors are missing out on billions in investment gains This problem is most pronounced among investors who've changed jobs and younger investors While cash has a place in most portfolios researchers estimate that the long-term benefit of investing in a target date fund versus staying in cash [... more]

A boomerang is supposed to return when it leaves your hand But a boomerang kid well that s something else entirely Do you have a boomerang kid That s a term for an adult child that s returned home like a boomerang and now lives with you again If so you re not alone We ll talk about what you can do about it You're not alone if you have a boomerang kid living in your basement The latest Boomerang Kids Survey by Thrivent conducted in April found that of parents have had an adult child move back in with [... more]

Wealth gained hastily will dwindle but whoever gathers little by little will increase it - Proverbs Patience is definitely a virtue especially when it comes to investing But too often we allow our emotions to rule over us Dr Art Rainer joins us today to discuss four ways emotions ruin smart investing 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 Money in the Light of Eternity What the Bible Says about Your Financial Purpose The Impact of Emotions [... more]

Recently on his popular show a well-known financial expert dismissed the common advice to withdraw only of your retirement savings annually as moronic advocating instead for an withdrawal rate In this video Peter Richon with Richon Planning and Erin Kennedy talk through whether and when an withdrawal rate makes sense Here's the answer yes it might make sense But it all depends on the individual person Finding the correct withdrawal rate will vary from person to person To find that number you need to account for life expectancy spending habits and market conditions Finding that number will ensure your savings [... more]

Inflation is the natural enemy of retirement savings but there are strategies you can put in place to guard your nest egg from spiking consumer prices and they may even allow you to use those higher costs to your advantage According to Peter with Richon Planning and Erin Kennedy you should Keep Investing time in the market is often your best inflation hedge Maximize Your Social Security and keep in mind you don't miss out on the COLA if you delay claiming Rethink Your Expenses put simply save more money Working with a financial advisor can help implement these strategies [... more]

It rsquo s said that we learn the most from mistakes not success But is that something you want to experience with your retirement savings On today's Faith amp Finance Live Mark Biller joins host Rob West to share his insights and help you avoid some of the most common retirement-planning mistakes Then Rob will take your calls and financial questions nbsp See omnystudio com listener for privacy information [... more]

It s said that we learn from mistakes not success but do you want to experience that with your retirement savings No question saving and investing for retirement is something you want to get right the first time Mark Biller joins us today to help you avoid some of the most common retirement planning mistakes Mark Biller is Executive Editor and Senior Portfolio Manager at Sound Mind Investing an underwriter of Faith Finance Underestimating the Impact of InflationOne of the most common retirement-planning mistakes is underestimating the impact of inflation Many fail to grasp the destructive power of inflation s [... more]

Statistics show that many people aren't saving for retirement Others may have far more than enough How do you find the right balance Yes saving too much for retirement is possible although many more folks aren't saving enough What does Scripture tell us about responsible savings Brian Holtz fills us in today Brian Holtz is the Chief Operating Officer at Compass Financial Ministry and the author of Financial Discipleship for Families Intentionally Raising Faithful Children It's essential to save and invest enough for retirement but it's just as misguided to prioritize that above all others right The Bible gives us [... more]

It's possible to achieve sustainable income in retirement by utilizing the Retirement Bucket Strategy This strategy involves dividing your retirement savings into different buckets based on your time horizon and risk tolerance In this video Peter with Richon Planning and Erin Kennedy explain each bucket -Short term Bucket -Intermediate Bucket -Long-term Bucket These buckets represent different asset classes or investment strategies tailored to meet your income needs at various stages of retirement The strategy aims to provide a reliable income stream while managing investment risk and ensuring your financial security throughout your retirement years If you'd like to find out [... more]

What does Buckner Shoes for Orphan Souls do They are Buckner International's largest humanitarian aid project Their mission is to follow Jesus' example by serving vulnerable children families and seniors One way they do that is through partnerships like Buckner Shoes for Orphan Souls where they come alongside believers in churches businesses and families throughout the U S to provide new shoes for children worldwide Why are shoes important for health education and opportunity especially in underdeveloped countries Children can't go to school without shoes in many countries where they work so Buckner promotes education by providing that gift Additionally [... 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]

THE DANGER OF MATERIALISM AND FINDING CONTENTMENT IN GODMaterialism contradicts God's plan for His people by prioritizing the love of material things over loving God This attitude can hinder our relationship with Him and rob us of peace The Bible in Ecclesiastes warns us of the futility in pursuing material wealth emphasizing that everything is meaningless without God LIE LIFE IS BETTER WITH MOREThis mindset leads to an endless cycle of discontentment as no amount of wealth can truly satisfy Ecclesiastes states that those who love money will never have enough illustrating the emptiness of materialism Contentment is the biblical [... more]

THE IMPORTANCE OF A HEALTH CARE DIRECTIVE IN ESTATE PLANNINGA Health Care Directive also recognized as a living will Medical Directive or Durable Health Care Power of Attorney is an indispensable legal document outlining your medical care preferences when you're unable to communicate It plays a critical role in estate planning ensuring your medical and end-of-life wishes are honored KEY COMPONENTS OF A HEALTH CARE DIRECTIVE Understanding Its Purpose A Health Care Directive specifies your wishes for medical treatment end-of-life care and the handling of your remains eliminating uncertainty for your family during difficult times Choosing an Agent Select a [... more]

A recent study found women are far less financially prepared for retirement than men According to TransAmerica men have more than double the retirement savings of women As Peter with Richon Planning and Erin Kennedy discuss there are several factors that contribute to that discrepancy the earnings gap women are more likely to be caregivers and they're more likely to have professional interruptions Further of women do not have a retirement strategy versus of men However women live longer than men they need a retirement plan that accounts for longevity Working with a financial advisor can help you create a [... more]

Commit your work to the Lord and your plans will be established Proverbs Howard Dayton is the founder of Compass Finances God's Way and the former host of this program HOW DOES A SPENDING PLAN HELP WITH MANAGING YOUR MONEY AND REDUCING YOUR DEBT Howard founder of Compass Finances God's Way introduces the concept of a spending plan budget He explains that a spending plan is not just about restricting expenses but is a strategic tool that helps direct money towards achieving life goals and reducing debt The plan also controls impulse spending and is flexible enough to adjust as [... more]

If anyone does not provide for his own and especially for those of his household he has denied the faith and is worse than an unbeliever Timothy It's a pleasure to welcome Harlan Accola back to the program Harlan is with Movement Mortgage an underwriter of this program He is also the author of Home Equity and Reverse Mortgages The Cinderella of the Baby Boomer Retirement WHY ARE REVERSE MORTGAGES REFERRED TO AS THE CINDERELLA OF RETIREMENT PLANNING Reverse mortgages are seen as the Cinderella of retirement planning because they have been underestimated but hold significant potential for aiding in [... more]

The IRS recently announced that we'll be able to sock away a lot more money for retirement starting in These increases are in line with an increased cost of living In this video Peter with Richon Planning and Erin Kennedy break down those changes and Peter explains how to prioritize your retirement savings If you'd like to talk through how to prioritize saving for your retirement or if you'd like to find out if you're properly tax-diversified please feel free to reach out to Peter by calling - or by visiting www RichonPlanning com Retirement k TaxStrategies TaxFree TaxDeferred [... more]

A Home Buyer's Market With Dale VermillionNormally November through February are the slowest months of the year for home sales and that means buyers have more bargaining power Will it happen this year Dale Vermillion gives us his take on the market today Dale Vermillion with us again today Dale's the author of Navigating The Mortgage Maze The Simple Truth About Financing Your Home CURRENT TRENDS IN INTEREST RATES AND MORTGAGES Dale Vermillion notes that interest rates are continuing to rise but there's hope for decreases in as predicted by the Mortgage Bankers Association Assumable mortgages are becoming somewhat more [... more]

A Home Buyer's Market With Dale VermillionNormally November through February are the slowest months of the year for home sales and that means buyers have more bargaining power Will it happen this year Dale Vermillion gives us his take on the market today Dale Vermillion with us again today Dale's the author of Navigating The Mortgage Maze The Simple Truth About Financing Your Home CURRENT TRENDS IN INTEREST RATES AND MORTGAGES Dale Vermillion notes that interest rates are continuing to rise but there's hope for decreases in as predicted by the Mortgage Bankers Association Assumable mortgages are becoming somewhat more [... more]

The financial group Thrivent actually does an annual Boomerang Kids Survey The latest one just conducted in May found that of parents have an adult child currently living with them The three most common reasons given for this were Increasing rent and home prices Needing additional financial support after completing high school or college And job loss No doubt the disruptions caused by COVID have also contributed to the boomerang kid boom even though employers were desperate for workers in the later stages of the pandemic and employment remains relatively strong Now an adult child living at home in and [... more]

History has shown us that given the opportunity the government will almost always raise taxes And as the national debt continues to rise there rsquo s ever more reason for lawmakers to want more of your money On today's MoneyWise Live Rob West will explain what you can do to hedge your retirement savings against future tax hikes Then he rsquo ll answer your nbsp questions on various financial topics nbsp See omnystudio com listener for privacy information [... more]

If you read enough of what the so-called financial experts are saying in the retirement headlines you might get the impression that you rsquo ll never be able to retire But you really need to take what they rsquo re saying with a huge grain of salt On today's MoneyWise Live host Rob West will talk with investing expert Mark Biller about a more hopeful future for your retirement savings Then Rob will answer your calls and financial questions nbsp See omnystudio com listener for privacy information [... more]

Congress signed the SECURE Act into law a few months ago and you might be surprised to learn there are quite a few good things in this bill focused on retirement savings On today's Faith amp Finance Live host Rob West will explain how the new law affects your retirement Then he rsquo ll answer questions on different financial topics nbsp See omnystudio com listener for privacy information [... more]

For almost every retiree their biggest fear is running out of money You want your retirement to be a fitting reward to a lifetime of hard work But it's hard to know exactly how much money you'll need to achieve your unique retirement goals without sacrificing your quality of life In this video Peter with Richon Planning and Erin Kennedy break down the three biggest risks to your retirement nest egg Longevity Risk Today a couple at age has a chance of living beyond Changes to Social Security The government will have to make changes to Social Security if the [... more]

More than of adults who live to will need Long Term Care of some kind Not only is LTC very expensive most costs aren't covered by Medicare nor other health insurance plans As Peter with Richon Planning explains to Erin Kennedy without proper planning this can wipe out your retirement savings but before you buy a policy first crunch the numbers to determine - What is the right age to buy LTC insurance -How Much Coverage to Buy -Should You Consider Other Options like Permanent Life Insurance There's a lot of advanced planning that goes into determining when or whether [... more]

Retirement can come with a lot of tax questions and concerns From understanding the tax implications of withdrawing from your retirement accounts to minimizing taxes on investment income it can be overwhelming On today s episode we ll break down the top ten tax questions retirees are asking in Before you file your taxes and plan ahead for the rest of the year make sure to listen to this episode as we ll discuss some important tax questions that retirees should ask themselves to ensure they're making the most of their retirement savings and minimizing their tax burden Here s [... more]

Starting in you can roll up to from a into a Roth individual retirement account which can jumpstart tax-free retirement savings for young investors all while taking advantage of today's historically low tax rate But opening a as Peter Richon with Richon Planning explains to Erin Kennedy isn't right for everyone In this video Peter lays out the pros and cons and suggests other accounts you should consider maxing out first If you'd like to learn more about opening a for your child or grandchild or if you'd like to talk through other strategies to help fund higher education please [... 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]

Hans and Robby discuss tax-free retirement savings and the three different tax characterizations or situations your money might be in including a taxable account a tax deferred account or a tax-free account 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]

Facts have been described as stubborn things that cannot be altered And that makes them especially handy for dispelling myths that could affect your retirement savings On today's MoneyWise Live host Rob West shares some financial facts that will help uncover the truth about retirement myths Then he'll answer some calls and questions on various financial topics See omnystudio com listener for privacy information [... more]

As the economy continues to recover from the COVID pandemic we rsquo re getting a clearer picture of the damage caused by the shutdowns One area that took a big hit is our retirement savings On the next MoneyWise Live host Rob West will explain that it rsquo s time for those who stopped contributing to their retirement plans to start playing ldquo catch up rdquo with their investments Then he rsquo ll take your questions on the financial topics you rsquo d like to discuss That rsquo s the next MoneyWise Live where biblical wisdom meets today rsquo s [... more]

Facts have been described as stubborn things that cannot be altered And that makes them especially handy for dispelling myths that could affect your retirement savings nbsp On the next MoneyWise Live host Rob West shares some financial facts that will help uncover the truth about retirement myths 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]

The economic impact of COVID has changed the way some of us have handled our Ks nbsp But saving for retirement is always important and the need for it doesn rsquo t change even when there rsquo s a crisis On the next MoneyWise Live hosts Rob West and Steve Moore talk about how the pandemic may have affected your retirement savings Then they rsquo ll answer answer your calls and questions on various financial topics What rsquo s in your k on the next MoneyWise Live at pm Eastern pm Central on Moody Radio [... more]

The Secure Act made changes to your IRA contributions especially at ages and If you are at these ages or are coming up on them you are going to want a plan in place for your retirement savings 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]

For the past years retirement investors have relied on the rule to help them make nbsp plans for their future nbsp But nbsp this nbsp rule mdash designed to help nbsp you nbsp stretch your savings to last your lifetime mdash is nbsp now nbsp suddenly nbsp changing nbsp On the next nbsp MoneyWise nbsp Live hosts Rob West and Steve Moore nbsp share the new revelations about this retirement savings nbsp strategy nbsp nbsp Find out what rsquo s changed with the nbsp rule nbsp on nbsp the next nbsp MoneyWise nbsp Live at pm Eastern pm Central on [... more]

Surprises can be fun and even make you smile But when the surprise is about your retirement savings hellip now that rsquo s a different story We all hope to support ourselves in retirement one day but there may be some factors that could keep us from that goal On the next MoneyWise Live hosts Rob West and Steve Moore uncover retirement surprises we should consider now That rsquo s on the next nbsp MoneyWise nbsp Live at pm Eastern pm Central on Moody Radio [... more]

Dr Jon LaPook tells us the part we must all play to reduce our exposure to the virus and minimize its spread to others The COVID- pandemic has created tremendous economic uncertainty CBS News business analyst Jill Schlesinger talks with Michael Goodman president of the investment management firm Wealthstream Advisors about how people should strategize when considering dipping into their retirement savings While stress and anxiety can drive us to take healthy precautions in trying circumstances -- like a pandemic -- our irrational fear can become dangerous when it goes off the rails David Pogue talks to psychologists and researchers [... more]