Stewardship Goals Later In Life With Ron Blue

Show Notes

“Everyone to whom much was given, much will be required, and to whom they entrusted much, they will demand the more.” Luke 12:48 is a powerful verse about stewardship. We should set goals for using the resources God gives us. This is Faith and Finance Live - biblical wisdom for your financial journey.

Ron Blue is the founding director of Kingdom Advisors, the author of many books on biblical finance, a financial teacher and a regular contributor to Faith and Finance. It’s always a blessing to have him on the program. Rob and Ron cover these topics and questions:

• They say that if you aim at nothing, you’ll hit it every time so setting goals for our finances and using money wisely is very important, wouldn’t you say?
• Younger folks may have certain goals, like saving to buy a house … or to someday put the kids through college … but later in life, those goals may change, correct?
• At what point should we think about changing our stewardship goals?
• You often mention having a “finish line,” for accumulating wealth. What does that look like?
• One of these later goals may be to leave something to our children. How do we decide on what and how to leave an inheritance?
• How should someone determine their giving goals?

On-Air Mention:

• Ron’s advice and experience is featured regularly in the Weekly Wisdom email from FaithFi. Each week, we send a special email message from me, plus the trending articles, videos, and podcasts on a variety of financial topics from a biblical worldview. Join the thousands of others who are receiving it by going to FaithFi.com and click “Sign Up” to register.

Next, Rob answers these questions at 800-525-7000 or via email at askrob@FaithFi.com:

• If your husband passed away a few months ago and he had an annuity or IRA with about $66,000 in it, what should you do with it?
• How does a person go about setting up all your bills to be paid when you pass away?
• If you've been confronted with an opportunity to sell your house and move out-of-state to where your son lives but you're afraid to sell your paid house, is this a rational fear?
• If 25 years ago and your wife bought a 60 acre unimproved parcel for about $1,000 an acre and it's now valued around $5,500 an acre, how would capital gains affect your taxes should decide to sell?
• If you had a 401(k) at a company that closed down in 2021 and you attempted to roll it over but found that the plan administrator's approval is needed to make the move happen, what can you do considering the company is out of business? Department of Labor - EBSA
• If a retirement advisor told you based on your statements, your current advisor is charging you 2%, is that a lot and how can you actually find out?
• If you purchased a condo for your daughter who has now graduated but you have 2 other children that will use the place in about 1 year, do you have to pay taxes on it and how should you tithe on it if you rent it for that year?
• Does your ex-wife collecting her social Security benefits affect your benefits?
• If you refinanced your mortgage when interest rates were low and you took $22,000 and put it in a money market for fixing the roof, should you leave it there or put it back into the house?

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