Proverbs 11:24 tells us, “One gives freely, yet grows all the richer; another withholds what he should give, and only suffers want.” It’s one of many verses that proclaim God will provide and bless those who are generous. We’d all like to give more, but sometimes that seems to conflict with our need to prepare for when we can no longer work. David Parsley joins us to talk about that today. 
David Parsley, Senior Relationship Manager with the National Christian Foundation in Tampa Bay and has more than 30 years of sales and consulting experience and loves helping families create strategies to enhance their giving. 
<ul><li>Confusion/fear of not having a solid plan for lifestyle, health events, etc. – realities that can often hold people back from being more generous.</li><li>To put this into context, David shares a story about an advisor’s client named Steve.</li><li>Steve has experienced some major life changes – his wife passed away, he sold his 30-year business, no kids, and he’s getting ready to retire. He wants to have a plan, a giving strategy, for being generous and staying involved with some local charities while also maintaining a modest lifestyle income.</li><li>Steve developed a giving strategy to meet his unique situation. He determined his lifestyle income: Charitable Gift Annuity, opened a Giving Fund through NCF, and gave out of his IRA. All of these solutions helped Steve reduce taxes on what he was giving</li><li>Steve’s story is still unfolding, and his situation is unique. But those who are thinking about how to pass down wealth to kids and grandkids, it’s important to have those conversations now, so that you’re passing down values as well as valuables. </li><li>The National Christian Foundation has seen how a giving strategy can lead to more joy in giving and a deeper purpose for the story God is writing.</li><li>To explore more about wealth and resources, visit the generosity library to grow in your journey of generosity: ncfgiving.com/library</li><li>You can also learn more about our giving solutions and how they’re leveraged at ncfgiving.com/stories – particularly an article about how to leverage your IRA for giving. </li></ul><a href="https://NCFGiving.com">National Christian Foundation website</a>
Here are a couple of questions we answered from our callers on this program:
<ul><li>I retired at 55 years old to help take care of my parents. I was with my company for 31 years. I invested in stocks during this time. My financial advisor recommended that I decrease my stock portfolio, so I did to 52%. I think I could increase it, so that my finds will last. Advice?</li><li>My husband and I are considering buying a condo in my daughter’s college town for her to live in and then rent out after she is done with it. Is this wise?</li></ul>Ask your questions at (800) 525-7000 or email them to <a href="mailto:Questions@MoneyWise.org">Questions@MoneyWise.org</a>. Visit our website at <a href="http://moneywise.org/">MoneyWise.org</a>
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FaithFi

Faith & Finance is a daily radio ministry hosted by Rob West. The program offers a practical, biblical and good-natured approach to managing your time, talents and resources.

Faith & Finance with Rob West

We’d all like to give more, but sometimes that seems to conflict with our need to prepare for when we can no longer work. David Parsley joins us to talk about that on this MoneyWise.

When Retirement and Generosity Seem At Odds with David Parsley

FaithFi | May 26, 2021

Show Notes

Where Faith Meets Finance

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