FaithFi: The Mission with Chad Clark

Join Us in Our Mission

Our fiscal year ends on June 30th, and we are still $50,000 short of our fundraising goal.

To our faithful supporters, we extend our heartfelt thanks. Your partnership is invaluable in this important work. Together, we can continue to help Christians integrate their faith and financial decisions for the glory of God.

On Today’s Program, Rob Answers Listener Questions:

• I have $280,000 in an annuity that I've had for over 15 years. It's approaching the point where I have to decide whether to annuitize it or surrender it. If I surrender it, there would be no surrender fee. I'm wondering if I should do that and then put half the money into a money market or high-yield savings account and $140,000 into conservative growth funds to try to get a better return than the 4.1% average I've been getting from the annuity.
• I have a question about investing for retirement income. My wife and I have both retired, though we still work other jobs. We max out our traditional IRAs each year and have no debt. Our other investments are also doing well. I wonder what you think about focusing on dividend stocks for additional investments past maxing out our IRAs each year to generate retirement income.
• I have a question about an investment property I'm considering in Decatur, Illinois. It's a mixed-use property with residential and retail units that are currently occupied. The list price was $695,000, but I negotiated it down to $650,000. I plan to put 30% down and take out a loan for the rest. The loans I've been offered are around 7.75-8.5% interest. Given the interest rates and Decatur's declining population, is this a good investment opportunity?
• As we know, retiring before full retirement age results in an 8% reduction for each year early. I want to know if the annual cost of living increases offset this 8% reduction for taking benefits early.

Resources Mentioned:

• Eventide Dividend Opportunities Fund
• Give To FaithFi
• Rich Toward God: A Study on the Parable of the Rich Fool
• Find a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)
• FaithFi App