While many have legitimate concerns about the recently passed $1.7 trillion Omnibus bill, it certainly has a few silver linings for retirement accounts. The new legislation is a definite win for retirement savers with a 401k, 403b, or Roth IRA. We’ll talk about it today on Faith and Finance. 
<ul><li>We recently talked about how the new spending package passed by Congress contains an important provision for folks with unused money in 529 education savings accounts. </li><li>529 money has to be spent on qualified education expenses, and that’s always been a sticking point for folks who want to save for their kids’ education. If there’s money left over or the child decides not to attend college, the 529 plan holder was stuck. Spending it on anything but education draws a 10% penalty. 
But starting in 2024, up to $35,000 of that money can be rolled into a Roth IRA, if it’s been in the account for 15 years. The rollover can only be made to the beneficiary’s Roth IRA— not the owner’s. And changing beneficiaries may restart the 15 waiting period. Still, it’s a big win— getting around the 10% penalty.</li><li>But the legislation has several more wins for retirement savers. It enables employers to help workers save for emergencies; helps workers repay student loan debt and makes retirement plans more accessible to part-time workers.</li><li>But folks with a Roth account may get the biggest win coming out of the legislation, whether it’s a Roth IRA or Roth 401k. If you’re new to investing, here’s how these plans work … </li><li>INVESTMENT RETIREMENT ACCOUNTS</li><li>Money contributed to Roth accounts is taxed differently from conventional employer accounts like 401k’s and 403b’s. </li><li>With those accounts, contributions are made with so-called “pre-tax” money. You get a deduction on your tax form that year. But when you retire and withdraw that money, it’s taxed as regular income based on whatever tax bracket you’re in at the time.</li><li>With Roth accounts, your contributions are taxed going in. You get no deduction for that money when you file your taxes that year. But when you withdraw that money later in life, presumably when your income is higher and you’re in a higher tax bracket, you don’t have to pay taxes on it. </li><li>There are income restrictions that prevent higher earners from opening Roth accounts (and other rules to follow) but for the majority of folks, Roth accounts are very attractive. </li><li>And there are actually two types of Roth accounts. One is the Roth IRA, and you can set one up on your own with any brokerage account like <a href="https://www.fidelity.com/">Fidelity</a> or <a href="https://www.schwab.com/">Schwab</a>. Then there’s the Roth 401k that your employer can offer.</li><li>Now, since money going into a Roth IRA is already taxed — in other words, Uncle Sam got his share upfront — those account holders don’t have to start withdrawing that money when they reach age 72. They’re not subject to Required Minimum Distributions and they can just let the money grow.</li><li>But that hasn’t been the case with Roth 401ks. They were subject to the same rules as a conventional 401k. Account holders have been required to begin taking minimum distributions at age 72. The new legislation wipes out that requirement for Roth 401k’s starting in 2024, which is another big win for retirement investors.</li><li>MATCHING CONTRIBUTIONS</li><li>Another win involves matching contributions. Employers can offer them to Roth 401ks just like with regular 401ks. Right now, employer matching contributions to Roth 401k’s have to go into the employee’s regular 401k account and be subject to taxes in retirement.</li><li>But the new legislation will allow employers to put their matching contributions into an employee’s Roth or
conventional 401k. Why is that a win? </li><li>Remember that the benefit of a Roth account is that you pay taxes on contributions when your income is probably lower — and so is your tax rate. Then, later in life when you’re earning more and probably in a higher tax bracket, no taxes are due on withdrawals. The more money that goes into the Roth side of a 401k, the better off you’re likely to be, and the legislation allows for that.</li><li>Okay, there’s one more important change, but it only involves higher earners. For 2023, if you’re age 50 or older, you can put an extra $7,500 into your 401k without paying taxes on it.</li><li>But once the new legislation goes into effect, those earning more than $145,000 will have to put their catch-up contributions into a Roth 401k and pay taxes on it going in. Whether that’s a win or a loss will depend on the tax bracket you’re in when you retire.</li><li>So some big changes are coming in 2024. </li><li>We hope this information helps you make wise decisions about your retirement savings. Psalm 27:23 tells us, “Know well the condition of your flocks, and give attention to your herds.”</li></ul>On this program, Rob also answers listener questions: 
<ul><li>What is better, a weekly or a monthly budget? </li><li>Does it make sense to pull money out of investments to delay drawing Social Security? </li></ul>Remember, you can call in to ask your questions most days at (800) 525-7000. Also, visit our website at <a href="https://www.faithfi.com/">FaithFi.com</a> where you can connect with a FaithFi Coach, join the FaithFi Community, and even download the free FaithFi app.

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

Critics of the recently passed $1.7 trillion Omnibus bill have to admit it has a few silver linings for retirement accounts. ﻿The new rules are a win for retirement savers with a 401k, 403b, or Roth IRAs.

Changes Coming to Roth Accounts

We all want our kids to mature and become wise stewards of God’s resources. Younger generations need training to do that. We’ll give you some lessons for young adults today on Faith and Finance. 
<ul><li>Some of the lessons we’ll talk about can be taught to younger children, but by the time they’re adults, they should have all of these down pat. It’s sometimes too early, but never too late to teach your children how to manage money wisely. </li><li>So today we want to focus on teaching your older kids who are in, or nearing, adulthood because they may have missed a lesson along the way.</li><li>This is especially important because a recent financial literacy <a href="https://www.tiaa.org/content/dam/tiaa/institute/pdf/2017-04/tiaa-institute-gflec-p-fin-index-report-2.pdf">survey</a> by the TIAA Institute found that Americans aged 18 to 29 scored the lowest of any age group. Only about 40% of these young adults answered money-related questions correctly.</li><li>That’s disturbing, but your family doesn’t have to be part of that statistic if you pass along several important lessons. </li><li>Two of the most important are, first, that God owns everything, including ourselves. Psalm 24:1 reads, “The earth is the Lord's and the fullness thereof, the world and those who dwell therein.” </li><li>And second, God is our Provider. Everything we have is a gift from Him, including and especially, our salvation. James 1:17 tells us, “Every good gift and every perfect gift is from above, coming down from the Father of lights.”</li><li>Grasping those two truths will enable your child to trust in God to provide and to give cheerfully out of gratitude. More on that in a minute.</li><li>Now some lessons about managing money wisely.</li><li>MANAGING MONEY WISELY</li><li>THE VALUE OF WORK: Teach your kids the value of work, whether that’s studying for school or earning money on a job.</li><li>Work is not punishment. It was ordained by God before the Fall. Genesis 2:15 reads, “The Lord God placed the man in the Garden of Eden as its gardener, to tend and care for it.” </li><li>You never want to express the idea that work is punishment, but rather as an opportunity, given by God, to earn money. Children who’ve reached adulthood and are not still in school should work outside the home and contribute to household expenses. You probably aren’t helping them by allowing them to live at home and not contribute.</li><li>Remind them that all work has value and is profitable, that God is their real boss, and that they should always conduct themselves in ways that honor the Lord.</li><li>BUDGETING: The next lesson they need to learn is that living on a budget is essential for wise money management. Everyone needs to budget and the less money you make, the more important it is to have a spending plan.</li><li>Young adults should have zero trouble downloading the <a href="https://app.faithfi.com/guide/moneywise-pro-everything-you-need-to-know-2796">FaithFi app</a> to help them set up a spending plan. They can just look for FaithFi in their app store.</li><li>SAVE: The next lesson is to A.B.S. — Always Be Saving. A budget will help your young adult cut expenses, or maybe increase income, so there’s something left over each month. If he or she can’t learn to live on less than they make, they’ll always be in debt, which is our next lesson.</li><li>AVOID DEBT: Teach them that debt is not a sin, but that Proverbs 22:7 teaches that, “ … the borrower is slave to the lender.” This lesson should not be limited to credit cards. Student loans are a huge problem for young adults entering the workforce. They need to borrow as little as possible for college.</li><li>Living beyond one’s means and running up debt is “presuming on the future,” that you’ll have enough money later to pay it off. But Proverbs 19:21 warns, “Many are the plans in the mind of a man, but it is the purpose of the Lord that will stand.” Debt may also be a sign that one is discontent with God’s provision and is ungrateful … but Philippians 4:19 reads, “My God will supply every need of yours according to his riches in glory in Christ Jesus.” </li><li>GIVING: Our last lesson for young adults, but certainly not least, is about giving. They may be just entering or new to the workforce and struggling financially. We get that, but generosity is an essential part of Christian life and can’t be ignored.</li><li>Encourage your young adult to be a percentage giver to his or her local church. Giving is an act of worship and as Jesus said, it’s better to give than to receive. Giving with an open hand breaks the power that money has over us and strengthens our relationship with Jesus.</li><li>Young adults should learn to give cheerfully out of gratitude for already receiving the gift of salvation through Christ’s work on the Cross. There’s nothing more valuable than that.</li></ul>On this program, Rob also answers listener questions: 
<ul><li>What does the Bible say about tithing? </li><li>When is okay for a Christian to consider bankruptcy? </li></ul>Remember, you can call in to ask your questions most days at (800) 525-7000. Also, visit our website at <a href="https://www.faithfi.com/">FaithFi.com</a> where you can connect with a FaithFi Coach, join the FaithFi Community, and even download the free FaithFi app.

“Train up a child in the way he should go; even when he is old he will not depart from it.” We all want our kids to become wise stewards of God’s resources. Younger generations need training to do that. Rob gives you some lessons for young adults.

Money Lessons For Young Adults

As a new year gets underway, many people feel motivated to do things like lose weight, cut back on social media, and, yes, get out of debt. Unfortunately, New Year’s “motivation” often wanes quickly. So today, we want to give you practical ideas for turning a new year’s resolution into genuine progress — at least in the “getting out of debt” area.
<ul><li>Well, as you may know, every so often on our Monday program, we like to revisit the five basic things you can do with money. Here they are: You can earn it, live on it, give it away, owe it to someone or the government, or you can grow it for the future by saving and investing. Earn, live, give, owe, and grow.</li><li>Today, we’ll focus on the fourth of those: owe.</li><li>Again, many people, at the first of the year, resolve to get out of debt, or at least make progress on reducing their debt. But motivation often wanes quickly.</li><li>To stay motivated, you need to have a plan. You may remember that a few days ago we mentioned the idea of making your resolutions “SMART.” S-M-A-R-T. That stands for Specific— Measurable— Attainable— Realistic— and Timely.</li><li>So let’s start with this specific thing related to debt …<ul><li>1. FIND OUT WHERE YOU ARE. By that we mean you need to have a concrete understanding of how much you, to whom, and what the terms are, including interest rates. You need to know that because, for example, it’ll make much more sense financially to attack a credit card debt that’s at 18 percent than a car loan that’s at 3%. As you catalog your debts, we suggest you list them in order from the lowest balance to the highest.</li><li>2. STOP ADDING TO YOUR DEBT. As the old saying goes, it’s hard to get out of a hole if you keep digging deeper. You may want to stop using credit cards and instead move to a debit card or cash for your spending. That’ll help you avoid further debt.</li><li>3. TELL SOMEONE WHAT YOU’RE DOING. (Credit to financial writer Matt Bell for this one). In other words, ask someone to hold you accountable to your plan to get out of debt. It’s remarkable how much it helps to have an accountability partner when it comes to following through on what you’ve committed to doing.</li><li>4. CREATE A SPECIFIC PLAN FOR PAYING DOWN YOUR DEBT. Now, there are different ways to approach this. Perhaps the easiest method is to commit a specific amount to debt reduction each month. Let’s say it’s $500, and you have five credit cards. Pay at least the minimum balance due on four of your cards, but pay as much as possible on the card with the lowest balance.</li></ul></li><li>To continue the example, let’s say your minimum payments total $300. So you pay that, but then pay the remaining $200 toward the lowest-balance card. When you focus your payments this way, you’ll be able to pay off that lowest-balance card soon.</li><li>Then, when it’s paid off, you’ll keep paying $500 a month on your debt, but now focus your attention on the new lowest-balance card. After a while, when that one is paid off, you keep paying $500 a month and put most of the money toward the new low-balance card.</li><li>This approach of fixing your overall payment at the same amount each month and attacking the lowest-balance card will create a steady sense of progress that you’ll find encouraging.</li><li>And note how this approach is S-M-A-R-T. It’s Specific— Measurable— Attainable— Realistic— and Timely. It’s not vague at all. It is clear and purposeful.</li><li>THE NEXT STEP</li><li>After you get all your credit cards paid for, you can then start attacking other debts that may be at much lower interest rates, such as car loans and school loans. If you were paying $500 a month against your credit cards, that $500 is now freed up to accelerate payments on your other debts.</li><li>This process of creating a systematic plan for paying down debt has worked for many, many people. Again, first, you need to get a clear picture of where you are, then commit to not taking on more debt, and finally, create a clear, easy-to-implement plan that you stick with — not just in the early weeks of January but throughout the months ahead.</li><li>And if you have an accountability partner, you’re much more likely to succeed.</li><li>If you’d like to connect with a financial coach who can discuss your situation and help you implement a plan, we can help with that. Just go to <a href="https://apisource.moneywise.org/connect/">FaithFi.com/connect</a>.</li></ul>On this program, Rob also answers listener questions: 
<ul><li>Should you take Social Security retirement benefits early or take survivor benefits after the death of a spouse?</li><li>How do you know if you need a fiduciary adviser?</li><li>When is it a good idea to buy long-term care insurance? </li></ul>Remember, you can call in to ask your questions most days at (800) 525-7000 or email them to <a href="mailto:questions@moneywise.org">Questions@MoneyWise.org</a>. Also, visit our website at <a href="http://moneywise.org/">MoneyWise.org</a> where you can connect with a MoneyWise Coach, join the MoneyWise Community, and even download the free MoneyWise app.

As a new year gets underway, a lot feel motivated to do things like lose weight, cut back on social media, and get out of debt. Then, New Year’s motivation wanes. Rob gives you practical ideas for using a new year’s resolution for getting out of debt.

Concrete Steps Toward Getting Out of Debt (FOUNDATION #17 Owe)

Have you memorized Proverbs 21:5? It states, “Steady plodding brings prosperity; hasty speculation brings poverty.” You may know it by heart, but taking it to heart is a different thing altogether. It’s a double-edged verse and you must follow both parts to be financially successful. We’ll talk about that today on Faith and Finance. 
<ul><li>There are two sides to Proverbs 21:5, and they’re really about not giving up and not giving in. Steady plodding means not giving up, and hasty speculation means giving in … to greed. </li><li>THE PERILS OF HASTY SPECULATION</li><li>Consider the real-life story of an executive at a major western bank, and to protect his anonymity, we’ll just call him Brian.</li><li>Starting his career in finance back in the 1990s, Brian probably thought he was pretty good at managing money, although he admits he was living beyond his means and accumulating debt.</li><li>That left him vulnerable to the promise of great riches at the peak of the dot.com craze in early 2000. Like so many others at the time, Brian hadn’t grasped the biblical truth that hasty speculation brings poverty.</li><li>When a coworker offered to bring him in on the ground floor of a “can’t lose” tech startup, Brian was “all in.” He invested $10,000 he managed to scrape together and as he describes it, got ready to pop champagne corks.</li><li>But the only popping Brian heard was the dot.com bubble bursting. He lost everything by investing in a company he knew nothing about. He had “given in” to hasty speculation and paid the price. As Proverbs 28:20 warns, “A faithful man will abound with blessings, but whoever hastens to be rich will not go unpunished.”</li><li>Of course, God doesn’t sit around and wait for you to make foolish mistakes with money so He can punish you. He doesn’t have to, because the consequences of poor money management happen all on their own, and those consequences can be severe. Hasty speculation borne of greed is just one example.</li><li>1 Timothy 6:9 and 10 warns, “Those who want to get rich fall into temptation and a trap and into many foolish and harmful desires that plunge people into ruin and destruction.</li><li>For the love of money is the root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.”</li><li>Okay, so much for not giving in, now for not giving up. That’s a short definition of steady plodding— a longer one would be living within your means, avoiding debt, saving for short term needs and investing consistently for long term needs … and to do those things for a very long time. That’s steady plodding.</li><li>And you might think it doesn’t sound very exciting, but don’t be fooled. There’s plenty of drama in staying the course and following God’s financial principles. When you do, you’ll experience highs and lows, great peace and contentment and probably some discouraging setbacks along the way.</li><li>God’s Word addresses this, too. In James 1:2-4 we find, “Count it all joy, my brothers, when you meet trials of various kinds, for you know that the testing of your faith produces steadfastness. And let steadfastness have its full effect, that you may be perfect and complete, lacking in nothing.”</li><li>So God’s Word encourages us to not give up, and this is where we get back our story of Brian the banker. Fortunately, he didn’t give up, even after losing all his money. Instead, he took a course on biblical money management through his church, and that’s when things started to turn around for him.</li><li>Brian says God’s Word taught him to be more frugal and disciplined with money. He saved and eventually began investing in real estate— something he knew more about. He started small and went slowly, with no get-rich-quick scheme, just steady plodding.</li><li>And over the years, it paid off. Because he wasn’t over-leveraged, Brian’s real estate venture survived the housing crash and Great Recession. Eventually, he was able to start a fitness-related business with his son—a dream he’d had for many years— and that business survived COVID and today is thriving.</li><li>Brian says that learning to be more disciplined with budgeting, saving, and investing was an essential part of his financial turnaround … but doing those things over a long period of time was critical. Steady plodding brought Brian out of financial ruin … to eventual financial success and security.</li><li>If you suffer a setback … dust yourself off and keep going. Galatians 6:9 offers this encouragement, “Let us not grow weary of doing good, for in due season we will reap if we do not give up.”</li></ul>On this program, Rob also answers listener questions: 
<ul><li>What should you do if an authorized user on your credit card account is misusing the account? </li><li>Will your children have to pay an inheritance tax when you pass away? </li><li>What is the wisest way to use the proceeds from the sale of a rental home? </li><li>What can you do to minimize the tax liability associated with retirement investments </li></ul>RESOURCES MENTIONED: 
<ul><li><a href="https://www.christiancreditcounselors.org/">ChristianCreditCounselors</a> </li></ul>Remember, you can call in to ask your questions most days at (800) 525-7000. Also, visit our website at <a href="https://www.faithfi.com/">FaithFi.com</a> where you can connect with a FaithFi Coach, join the FaithFi Community, and even download the free FaithFi app.

Have you memorized Proverbs 21:5? - “Steady plodding brings prosperity; hasty speculation brings poverty.” ﻿ You may know it by heart, but taking it to heart is a different thing altogether and you must follow both parts to be financially successful.

Steady Plodding

For more than 20 years, 529 education savings plans have helped families pay for qualified school expenses while enjoying a tax benefit in the process. But there was also a major drawback. 
<ul><li>If you’ve ever wondered how 529 plans got their name, it goes back to 1996 when Congress enacted Section 529 of the Internal Revenue Code, allowing states to establish and administer the plans.</li><li>Each state has its own plan, and they have different benefits and requirements, but the common ingredient is that money put into a 529 savings plan grows tax-free and withdrawals for qualified education expenses are also tax-free. The money can be used for grades K through 12 as well as college.</li><li>So it’s similar to a ROTH IRA, in that contributions are not deductible on your federal tax return. However, more than 30 states offer some kind of tax break, so depending on where you live, you could be eligible for state tax deductions or credits if you invest in a 529.</li><li>These plans also offer you some flexibility in case things change. If one child doesn’t use all of the money in the account, the beneficiary can usually be changed later to a different direct relative. In theory, a single account could survive for generations.</li><li>Another nice feature— anyone can contribute— but it’s usually better to have the account in a parent’s name.</li><li>There’s also a potential financial-aid advantage to a 529 plan. The FAFSA form— Free Application for Federal Student Aid— counts money held in 529 plans at a lower rate than money in other accounts. That means money in a 529 plan won’t count against you as much as other assets when applying for aid.</li><li>You can invest in any state’s 529 plan and use the money to pay for an eligible college in any state. So 529 plans are flexible in many ways, but they come with one major restriction: Once you open a 529 account and put money into it, you’ve committed the money for education.</li><li>If you don't use it for eligible expenses, those withdrawals will incur a 10% penalty and will also be subject to federal income taxes on the investment gains. And that’s why more families haven’t taken advantage of 529 savings plans. But all that is about to change as 529 account holders get a new way to rescue unused funds.</li><li>As part of the $1.7 trillion spending package passed last month, money leftover in a 529 savings plan can be rolled over into a Roth IRA without incurring taxes or penalties starting in 2024. That’s a potentially huge development, as it removes a major drawback to 529 plans and will likely encourage more families to open the accounts.</li><li>It’s unclear how much unused money might be transferred from 529 plans to Roths, but in 2021, there were nearly 15 million 529 accounts holding almost $500 billion in assets. That’s about $30,000 per account.</li><li>Critics of the new provision say it’s a handout to the rich because wealthier families are more likely to have 529 plans than lower-income families — and because the provision doesn't carry income limits.</li><li>It does, however, have a number of other restrictions. For one, there’s a lifetime limit of $35,000 on transfers, and rollovers are still subject to annual Roth contribution limits. In 2023 that limit is $6,500, or $7,500 if you’re over age 50.</li><li>Also, like any custodial account, once the funds go in, they become the property of the beneficiary. That means a 529 rollover can only be made to the beneficiary’s Roth account, even though a parent or grandparent may be the owner.</li><li>Most graduates with leftover 529 money won’t be able to immediately roll it over to a Roth. To be eligible, the 529 account must have been open for at least 15 years, and contributions and earnings must be in the account a minimum of 5 years before they can be transferred.</li><li>You want to save as much as possible for education so you can avoid borrowing … remember Proverbs 22:7, “ … the borrower is slave to the lender.” And one of the best ways to avoid borrowing is with a 529 savings plan.</li><li>So if the “unused funds” restriction was preventing you from opening a 529 account … now you have one less excuse. Get started saving today.</li></ul>On this program, Rob also answers listener questions: 
<ul><li>What should you do after a CD matures? </li><li>When does it make sense to move money into an employer-sponsored ROTH account? </li></ul>Remember, you can call in to ask your questions most days at (800) 525-7000. Also, visit our website at <a href="https://www.faithfi.com/">FaithFi.com</a> where you can connect with a FaithFi Coach, join the FaithFi Community, and even download the free FaithFi app.

One of the best ways to save for your kids’ education is now even more attractive. ﻿For more than 20 years, 529 plans have helped families pay for qualified school expenses with a tax benefit in the process. But there was also a major drawback...

529 Rollover To Roth

The Bible teaches that we should seek out wise counsel for answers to questions. We’ll be asking some tough financial questions and Howard Dayton will give us his answers.“For by wise guidance you can wage your war, and in abundance of counselors there is victory.” Proverbs 24:6. On this episode, we’ll go through a list of questions Howard has been asked over the years.
Howard Dayton is the author of Your Money Counts and the former host of this program.
<ul><li>What’s God's perspective on paying taxes</li><li>That's the same question the pharisee’s spies asked Jesus in Luke 22: "Is it lawful for us to pay taxes to Caesar, or not?” Jesus answered, “Show Me a denarius (which was a Roman coin). Whose head and inscription does it have?' And they said, 'Caesar's.' And He said to them, 'Then render to Caesar the things that are Caesar's"'</li><li>A lot of folks rationalize not paying taxes because the government squanders much of the money it receives. Now, I’m not condoning government waste. In fact, I believe a citizen should try to influence the government to be more efficient and responsive. However, the Bible clearly tells us of an additional responsibility: pay the taxes you legally owe.</li><li>How does the Bible define financial success?</li><li>Scripture tells us that financial success is simply being a faithful steward. That’s different from the world, where success is measured by how much wealth one acquires.</li><li>But as Christians, we should assume someone is successful just by outward appearances. If we had seen Joseph or Paul in prison, Daniel in the lions' den, or Job in his affliction, how many of us would have considered them successful?</li><li>According to Scripture the desired end for us is to become faithful stewards. After we have fulfilled that responsibility, it’s up to God to decide whether or not to entrust us with wealth, or not, according to His purposes.</li><li>Is it permissible for a Christian to be ambitious?</li><li>Scripture certainly doesn’t condemn ambition. Paul was ambitious. In Corinthians 5 he says, "We have as our ambition ... to be pleasing to Him. For we must all appear before the judgment seat of Christ, that each one may be recompensed for his deeds"</li><li>But the Bible does strongly condemn selfish ambition. Paul also says in Romans 2 that the Lord, "will render to every man according to his deeds ... to those who are selfishly ambitious . wrath and indignation."</li><li>So our ambition shouldn’t be motivated by egotistical desire. It should be to please Christ. We should have a burning desire to become increasingly faithful stewards in using the possessions and skills entrusted to us.</li><li>Should wives work in a job outside the home?</li><li>There’s some interesting <a href="https://www.npr.org/2021/06/03/1002402802/there-are-complex-forces-keeping-women-from-coming-back-to-work">data</a> on that. The number of women with children working outside the home peaked at <a href="https://www.rand.org/blog/2020/11/women-are-leaving-the-labor-force-in-record-numbers.html">29 million</a> in 2000 and remained there for nearly two decades. But since COVID, that number has dropped by <a href="https://www.npr.org/2021/06/03/1002402802/there-are-complex-forces-keeping-women-from-coming-back-to-work">2 million</a>. A lot of moms who left the workforce to care for kids because schools were closed. But the experts tell us they’re not returning to the workforce.</li><li>In my opinion, during children's early formative years it is preferable for a mother to be home whenever the children are home. Titus 2:4-5 reads, "Encourage the young women to love their husbands, to love their children, to be sensible, pure, workers at home."</li><li>I think it’s ideal for a mother of young children to limit working outside the home to those times when the children are not at home unless family finances depend upon her income. As children mature, the wife will have increased freedom to pursue work outside the home.</li><li>Why do the wicked prosper?</li><li>God’s people have asked that for centuries. Even the prophet Jeremiah asked it in Jeremiah 12, “Why does the way of the wicked prosper? Why do all the faithless live at ease?"</li><li>The Bible tells us that some of the wicked will prosper, but it does say not to worry about it. In Psalm 37 we find, “Do not fret because of evil men or be envious of those who do wrong, for like the grass they will soon wither.”</li><li>You can find answers to a whole lot more tough financial questions in his book, <a href="https://compass1.org/product/your-money-counts/">Your Money Counts</a>.</li></ul>On this program, Rob also answers listener questions:
<ul><li>Should you redeem savings bonds when they reach maturity? And if so, how should you invest the proceeds?</li><li>When does it make sense to cancel a life insurance policy?</li><li>Does it make sense to begin drawing Social Security and invest that money in an IRA?</li></ul>RESOURCES MENTIONED: 
<ul><li><a href="https://www.treasurydirect.gov/">TreasuryDirect.gov</a></li></ul>Remember, you can call in to ask your questions most days at (800) 525-7000. Also, visit our website at <a href="https://www.faithfi.com/">FaithFi.com</a> where you can connect with a FaithFi Coach, join the FaithFi Community, and even download the free FaithFi app.

﻿The Bible teaches that we should seek out wise counsel for answers to questions. Rob will be asking some tough financial questions and Howard Dayton will give us his answers all based on God’s Word.

Answers To Tough Financial Questions

There are also no secrets to successful investing. In the long run, several key factors will determine your results. Mark Biller lays those out for us today on Faith and Finance.
Mark Biller is the executive editor at <a href="https://soundmindinvesting.com/">Sound Mind Investing</a>.
<ul><li>Today we want to look at <a href="https://soundmindinvesting.com/articles">an article</a> you have up at SoundMindInvesting.org titled, “Eight Key Factors That Determine Your Long-Term Investing Results.” We’ll dive into those in a moment. But first, let’s talk about the big-picture message we hope you’ll take away today.</li><li>In a nutshell, it’s to focus on what you can control rather than worry about what you can’t. That’s good advice for all aspects of life, including money management. </li><li>For investors, it’s a timely reminder as well, given the ever-present uncertainty about the stock market’s future direction. But regardless of which way the market moves this year, there are still several factors you have direct control over. So those are the things to focus our attention on.</li><li>KEY FACTORS</li><li>1. The rate of return you earn: This is what investors focus most of their attention on, which causes them to spend their time trying to pick winning stocks, the best funds, or the most astute market guru to follow. </li><li>And it’s not that your rate of return doesn’t matter. It obviously does. It’s just that, unfortunately, this is the one factor we’ll discuss today that’s largely out of your control, unless you’re willing to settle for guaranteed CD-like returns. No matter how hard you study or how much you know, you can’t predetermine exactly what your rate of return will be. So instead, it makes sense to turn your attention to the factors where you do have a lot of control.</li><li>2. Building on a strong foundation: This is the first factor that you DO have control over. You don’t have as much to fear from economic storms and bear markets if you’re debt-free, have an emergency reserve, and use a cash flow plan that produces a monthly surplus. </li><li>Your ability to put such a foundation in place is affected by how big a house you buy, how new a car you drive, how responsibly you handle credit, and a host of other decisions—most of which are under your direct control.</li><li>3. How much you save and invest: Invest $200 a month for 20 years at 10.0% and it will grow to $152,000. You could improve that to $198,000 by either (1) increasing your annual rate of return from 10% to 12%, or (2) by increasing your deposit by $60 per month. </li><li>A lot of investors will try to move heaven and earth to boost that return, while boosting the monthly deposit is much more certain and under their direct control.</li><li>3. How much you lose to taxes: The example I just gave assumes you’re investing in a tax-deferred retirement account. If you made your $200 monthly investments into a regular taxable account, you’d need to earn 12.6% per year rather than 10%, just to reach even the lower $152,000 target. (That’s assuming a 29% combined federal/state rate.) </li><li>So you want to make full use of tax-advantaged accounts like IRAs and 401(k)s.</li><li>4. How long you save: Examples of compound interest and investment growth show us that amazing things happen when you leave money invested for long periods of time. That means you should start contributing to your investment accounts as early as possible and plan to leave the money working tax-deferred for as long as possible.</li><li>5. Whether you’re playing the short game or the long game: With the long-term investing game, you win by plotting your strategy very carefully at the outset, and then letting that strategy play out over time. Short-term news, current market fads, and so-called expert opinions are largely irrelevant to long-term investors.</li><li>So turn off the financial shows on TV and stop looking at your daily returns.</li><li>6. Whose advice you listen to: Is your strategy in sync with biblically based financial principles, or more reflective of the conventional thinking offered by the secular investing world? It’s your choice.</li><li>And there we can recommend two sources for biblical financial advice: Obviously at Sound Mind Investing. Also, you can connect with a Certified Kingdom Advisor. You can do that at <a href="https://www.faithfi.com/">FaithFi.com</a>.</li></ul>On this program, Rob also answers listener questions: 
<ul><li>What is the best approach to saving for and purchasing a car? </li><li>How can you get the best possible return on your money with minimal risk? </li></ul>Remember, you can call in to ask your questions most days at (800) 525-7000. Also, visit our website at <a href="https://www.faithfi.com/">FaithFi.com</a> where you can connect with a FaithFi Coach, join the FaithFi Community, and even download the free FaithFi app.

The late Colin Powell said, “There are no secrets to success. It is the result of preparation, hard work, and learning from failure.”  ﻿There are also no secrets to successful investing. In the long run, several key factors will determine your results.

Factors for Successful Investing With Mark Biller

We’d all like to have more money, and there’s nothing wrong with that — if we have the right motivation. We’ll talk about that today on Faith and Finance. Every few weeks on our Monday program, we revisit the five things you can do with money. Here they are: You can earn it, live on it, give it away, owe it to someone, or save/invest it. Earn, live, give, owe, and grow. On this episode, our focus is on the last of those: growing your money for the future by investing 
<ul><li>Motivation. If your reason for investing is to “get rich quick,” we have a warning for you. Actually, Jesus has a warning for you. He said — in Luke 12:15 — to “be on guard against every form of greed.”</li><li>Greed takes our eyes off God and puts them on ourselves, which is spiritually dangerous. And it’s a recipe for unhappiness. </li><li>Ecclesiastes 5:10 says, “Anyone who loves money never has enough. Anyone who loves wealth is never satisfied with what he gets.”</li><li>That said, investing for the future — if you have the right motivation — is commended in Scripture.</li><li>Proverbs 21:20 says, “There is precious treasure and oil in the home of the wise, but a foolish person swallows it up” — or as The Living Bible puts it: “The wise man saves for the future, but the foolish man spends whatever he gets.”</li><li>So this is the right motivation — the desire to be a good steward, preparing today — as best you can — for the needs of days and years to come.</li><li>So, how do you prepare? Well, you could stash money in a savings account — and you should, for shorter-term needs and for an emergency fund. But savings accounts, even the highest-paying ones, will not keep up with inflation. Money put in a savings account will lose value over time.</li><li>To keep pace with inflation, or to outdistance it, requires putting your money in things that tend to grow as the economy grows. For most of us, that means investing in the stock market, and you can do that in a way that is balanced, not reckless.</li><li>That brings us to learning … </li><li>WHAT YOU NEED TO KNOW ABOUT INVESTING </li><li>We have guests on this program regularly who talk about wise approaches to investing, so we won’t go into detail about that now, except to say that it’s essential that you have a long-term plan and a set of guidelines that inform your decision-making. In other words, think long-term, not get-rich-quick, and don’t make decisions based on “hot tips” or financial talk shows.</li><li>Now, to be a good steward, you also need to understand the various investment vehicles that may be available to you, such as a tax-advantaged 401(k) or 403(b) at your workplace. You also should learn about Individual Retirement Accounts and how those can help you save for the future in a tax-smart way.</li><li>A great resource that explains such accounts — and many other things about being a good steward as an investor — is <a href="https://www.amazon.com/Sound-Investing-Handbook-Step-Step/dp/0802412157">The Sound Mind Investing Handbook</a> by Austin Pryor.</li><li>One more thing: Making your money grow for the future will involve some risk — that is the nature of investing. So the actual investments you choose should be appropriate for someone of your age and overall financial situation.</li><li>Younger people can afford to take higher levels of risk than older people because younger folks have a lot of time to recover from market downturns.</li><li>So to sum it up: invest with the motivation of being a good steward — and take the time to learn what you need to know to invest wisely for the years to come.</li></ul>On this program, Rob also answers listener questions: 
<ul><li>How do minimum required distributions work? </li><li>When does it make sense to adjust payroll withholdings to cover expenses? </li><li>How do you determine if you need life insurance? </li><li>How much can you contribute to a 401k account and a Roth IRA without tax penalties? </li><li>When is a Medicare Advantage plan a wise purchase? </li><li>How are assets distributed upon the death of a parent without a will? </li></ul>Remember, you can call in to ask your questions most days at (800) 525-7000. Also, visit our website at <a href="https://www.faithfi.com/">FaithFi.com</a> where you can connect with a FaithFi Coach, join the FaithFi Community, and even download the free FaithFi app.

Want to know how to get more money and prepare for your financial future? Sound interesting?﻿  We’d all like to have more money, and there’s nothing wrong with that if we have the right motivation. Rob talks about that first.

Preparing for Your Financial Future

The Bible tells us that only God sees the future, but it also says we should prepare for it. Does that include churches? The short answer is yes. Churches need to have an emergency fund just like individuals. In today's Faith and Finance Rob discusses exactly what that looks like.
<ul><li>COVID caused a dramatic drop in church attendance and giving. If there was a silver lining, it was that the pandemic removed any doubt that churches need to have cash reserves. But the question remains, “How much?”</li><li>The Evangelical Council for Financial Accountability covers this in a great article, “<a href="http://www.ecfa.org/Documents/Church_Cash_Reserves_(TCN%20Insight)_CHURCH.pdf">Church Cash Reserves: How Much Is Enough?</a>”</li><li>Let’s start with why a church emergency fund is so important. Just like with your personal finances, churches need a cushion to ensure that routine expenses are paid on time. Without it, they run the risk of getting hit with late fees.</li><li>If there’s a mortgage on the property, churches need at least a few months’ worth of payments stored up to avoid foreclosure if giving suddenly drops. Why would that happen? Well, just one example - it’s a sad fact that churches split, and if half the members leave, a church could soon be facing financial calamity.</li><li>Also, no one wants to have to take a special offering to replace a worn out heating or cooling unit. Or have to start at zero if the church decides to launch a new ministry. So there are plenty of reasons why a cash reserve is essential for a church.</li><li>The same scriptures that apply to individuals apply to churches. Proverbs 6, “Go to the ant, you sluggard; consider its ways and be wise! It has no commander, no overseer or ruler, yet it stores its provisions in summer and gathers its food at harvest." Also Proverbs 21, “The wise store up choice food and olive oil, but fools gulp theirs down.”</li><li>Let’s say a church has a healthy cash reserve. The work doesn’t stop there. Planning and wise management of that fund are necessary because there will always be pressures within the church about how it should be used.</li><li>Should some of it go toward paying down debt early? Or to be more generous with the staff? Or to start new programs? This leads us back to the original question: How much is enough for a church’s cash reserve? And just how do they come up with that number?</li><li>Here there are two very different schools of thought. One says the church should have almost nothing in reserve, trusting in God, instead. The other says a church should have an entire year or more’s worth of operating expenses in the bank.</li><li>The correct answer is likely somewhere in the middle, and each church, with its leadership, has to decide what’s best.</li><li>What guides that process?<ul><li>Members need to understand that having a cash reserve is simply the faithful administration of God’s resources. This honors God, and the church has to make it a priority, because it represents Christ in the world.</li><li>Next, it’s important to build up the reserve during the good times, especially when the church is growing. It should be part of the budget process - building a cash reserve as giving increases. A church can do that in two ways. One is to budget next year’s revenue at, for example, 90% of this year’s, or by simply putting a line in the budget for “Additions to Cash Reserves.”</li><li>Whichever way a church does this, it’s important to separate the reserve money from designated funds. In the event of a revenue shortfall, a church shouldn’t be tempted to pay the mortgage with money specifically mandated for something else.</li><li>And speaking of the mortgage, it’s wise to keep mortgage reserves above what the lender might require.</li><li>It’s also important to be specific with cash reserve goals - things like servicing debt, capital replacement and ministry expansion.</li><li>Also, for any of this to work, leadership needs to communicate the importance of having cash reserves to the congregation. It doesn’t show a lack of faith - it's simply good stewardship. Properly communicating clear, specific goals and the progress made toward them might even inspire more faithful giving.</li><li>And finally, leadership can challenge the congregation along the way to meeting a church’s cash reserve goals. Malachi 3:10 comes to mind. It reads, “Bring the full tithe into the storehouse, that there may be food in my house. And thereby put me to the test, says the Lord of hosts, if I will not open the windows of heaven for you and pour down for you a blessing until there is no more need.”</li></ul></li></ul>On this program, Rob also answers listener questions: 
<ul><li>What should you do with $57,000 in an old 401k if you are 58, $38,000 is remaining on your mortgage, and you and your husband are employed full time?</li><li>Should you buy or rent if you are a 73 year old widow who recently moved to Tampa and are having second thoughts about having purchased a villa that is currently undergoing renovations?</li><li>What are the benefits and potential costs of establishing a Revocable Living Trust and Medicaid Asset Protection Trust if you and your wife are recently retired and needing to update your estate plan?</li><li>Should you pay off your mortgage if it would use most of your emergency reserves but then plan to replenish your savings?</li></ul>RESOURCES MENTIONED ON THIS SHOW:
<ul><li><a href="http://www.ecfa.org/Documents/Church_Cash_Reserves_(TCN%20Insight)_CHURCH.pdf">The Evangelical Council for Financial Accountability: “Church Cash Reserves: How Much Is Enough?”</a></li></ul>Remember, you can call in to ask your questions most days at (800) 525-7000 or visit our website at FaithFi.com where you can join the FaithFi Community, and download the free FaithFi app.

The Bible tells us that only God sees the future, but it also says we should prepare for it. Does that include churches? The short answer is yes. Churches need to have an emergency fund just like individuals.

Your Church Emergency Fund

Inflation and higher interest rates have taken a toll on home sales … but does that mean prices are coming down? Home sales could drop even further as we head into the winter doldrums when prospective buyers tend to thin out. So is this a good time to buy? We’ll ask mortgage expert Dale Vermillion on this episode of Faith &amp; Finance. 
Our guest Dale Vermillion is the author of <a href="https://www.amazon.com/Navigating-Mortgage-Maze-Simple-Financing/dp/0802483119/ref=sr_1_1?crid=A6253T60ZV05&amp;keywords=navigating+the+mortgage+maze&amp;qid=1673657535&amp;sprefix=navigating+the+mort%2Caps%2C86&amp;sr=8-1">Navigating The Mortgage Maze:</a> The Simple Truth About Financing Your Home.
<ul><li>Dale says mortgage rates may have hit their peak for the foreseeable future. With inflation beginning to taper off a bit, Dale said he expects mortgage rates to stabilize in the months ahead and then potentially drop in 2024. </li><li>He also explains the key drivers of higher mortgage rates and why he believes that mortgage rates may have crested. </li><li>Dale notes that home sales have fallen off considerably. The National Association of Realtors index of contract signings on purchased homes actually decreased to the lowest level (outside of a period early in the pandemic) since 2001. </li><li>Houses sat for an average of 40 days in December before being under contract. That compares to 18 days back in May. There are more properties available to buyers right now because there are fewer buyers in the market. </li><li>He predicts that home prices, which are largely flat right now at a national level, will likely dip at some point in 2023. </li><li>Nevertheless, Dale offers reasons why now might be a good time to buy a house.</li><li>REASONS TO BUY NOW</li><li>There are several things happening that benefit buyers: <ul><li>1. Fewer buyers in the market, which means fewer bidding wars</li><li>2. Listing prices are lower. You might pay a higher mortgage rate, but that’s offset by lower listing prices in some areas (with more parts of the country likely to see lower prices soon).</li><li>3. Sellers are once again willing to make certain concessions to buyers, such as covering certain closing costs or agreeing to a contingency purchase.</li><li>4. Higher interest rates provide tax benefits that help to offset the cost of higher interest rates.</li></ul></li><li>Learn more about Dale Vermillion at <a href="https://www.dalevermillion.com/">DaleVermillion.com</a></li></ul>On this program, Rob also answers listener questions: 
<ul><li>How do you determine if now is a good time for you to buy a home? </li></ul>Remember, you can call in to ask your questions most days at (800) 525-7000. Also, visit our website at <a href="https://www.faithfi.com/">FaithFi.com</a> where you can connect with a FaithFi Coach, join the FaithFi Community, and even download the free FaithFi app.

Inflation and higher interest rates have taken a toll on home sales but does that mean prices are coming down? ﻿Sales could drop further as we head into winter when prospective buyers tend to thin out. Is now a good time to buy?

Latest on Mortgages With Dale Vermillion

"Into your hands I commit my spirit; redeem me, O Lord … deliver me from my enemies and from those who pursue me" Psalm 31:5 and 15. Those are the words of David, who suffered severe mistreatment at the hands of Saul. We’re all treated unfairly from time to time. So how should we respond? We’ll talk about that today on Faith &amp; Finance. 
<ul><li>Before we get into how we should respond when others mistreat us, it’s important to examine ourselves first and to make sure we’re not mistreating others. As Jesus says in Matthew 7:5, “First take the plank out of your own eye, and then you will see clearly to remove the speck from your brother’s eye.”</li><li>If you find that you’ve treated someone unfairly, repent and make amends, because you serve a just God. Proverbs 21:3 says, “To do righteousness and justice is more acceptable to the Lord than sacrifice.”</li><li>WHAT TO DO WHEN YOU’RE TREATED UNFAIRLY</li><li>Now, what to do when you’re treated unfairly? It could be by a family member, a friend, a boss or co-worker or someone you’re doing business with who may be trying to cheat you.</li><li>Money 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 12:15 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.”</li><li>We live in a fallen world filled with fallen people, and we’ll all experience mistreatment at one time or another.</li><li>It’s important to remember that you’re one of those fallen people, too. Your first instinct might be to lash out against someone who’s mistreating you. That is not a biblical response to mistreatment. Instead, look to Christ as your model. No one suffered more injustice and mistreatment than Jesus.</li><li>In 1 Peter 2:20-22, the apostle tells us how a Christian should respond to mistreatment. It reads:</li><li>“When you do good and suffer for it you endure, this is a gracious thing in the sight of God. For to this you have been called, because Christ also suffered for you, leaving you an example, so that you might follow in his steps. He committed no sin, neither was deceit found in his mouth.”</li><li>Now, that’s a pretty high bar to reach, but Peter goes on to tell us how to respond like Christ to injustice in verses 23 and 24. They read: </li><li>“When he was reviled, he did not revile in return; when he suffered, he did not threaten, but continued entrusting himself to him who judges justly. He himself bore our sins in his body on the tree, that we might die to sin and live to righteousness.”</li><li>The key to responding like Christ to injustice is trusting God to work for good in all your affairs. Psalm 37:4-6 tells us: </li><li>“Delight yourself in the Lord, and he will give you the desires of your heart. Commit your way to the Lord; trust in him, and he will act. He will bring forth your righteousness as the light, and your justice as the noonday.”</li><li>One of the greatest examples of a Christ-like response to injustice is found in Genesis and the story of Joseph. He was first sold into slavery by his brothers, then wrongly accused by Potiphar’s wife and thrown into prison.</li><li>Yet Joseph never reacted in an ungodly manner to injustice. He even went on to save his brothers and all of Israel when famine struck. Joseph trusted God Who eventually used Joseph’s mistreatment in a powerful way. And God tests us the same way when we suffer injustice. He expects us to respond like Christ.</li><li>Now, this doesn’t mean that we must quietly accept every injustice that comes our way. It’s not unbiblical to state your case in truth and love, but the result must be left to God.</li><li>This brings up the question of whether Christians should sue or not. In 1 Corinthians 6 Paul says, “If you have such cases, why do you lay them before those who have no standing in the church? Can it be that there is no one among you wise enough to settle a dispute between the brothers?”</li><li>Paul is adamant that this is a terrible witness for Christ. He goes on to say, To have lawsuits at all with one another is already a defeat for you. Why not rather suffer wrong? Why not rather be defrauded?”</li><li>But note that Paul is only talking about Christians suing other Christians in civil courts. The civil courts are ordained by God to protect us from injustice, and nowhere does the Bible say we can’t use them when we’re wronged outside the church.</li></ul>On this program, Rob also answers listener questions: 
<ul><li>Is there a good reason not to redeem savings bonds? </li><li>Should you tithe on Social Security benefits? </li><li>How do you determine the best investment strategy?</li><li>Should you take money out of an IRA to pay off a mortgage? </li></ul>RESOURCES MENTIONED: 
<ul><li><a href="https://www.treasurydirect.gov/">TreasuryDirect.gov</a> </li></ul>Remember, you can call in to ask your questions most days at (800) 525-7000. Also, visit our website at <a href="https://www.faithfi.com/">FaithFi.com</a> where you can connect with a FaithFi Coach, join the FaithFi Community, and even download the free FaithFi app.

"Into your hands I commit my spirit; redeem me, O Lord, deliver me from my enemies and from those who pursue me" Words of David who suffered severely at the hands of Saul. We’re all treated unfairly from time to time so how should we respond?

When You’re Treated Unfairly

Proverbs 11:14 says, “Where there is no guidance, a people falls, but in an abundance of counselors there is safety.” Those are wise words in any situation, but particularly when it comes to your finances. Are you seeking the safety of a wise financial counselor? We’ll talk about that today with Rachel McDonough.
Rachel McDonough is a Certified Financial Planner and a Certified Kingdom Advisor … and she’s seen firsthand the benefits of getting outside advice on managing money. 
<ul><li>THE IMPORTANCE OF BIBLICALLY BASED FINANCIAL ADVICE</li><li>Rachel says it is especially important for Christians to seek wise counsel about their finances. She says any competent financial advisor who is confident can help you achieve your financial goals, such as planning for college or retirement. But a Christian financial adviser with a biblical worldview is really uniquely able to help you make financial decisions in harmony with the principles found in God’s Word. A Christian financial adviser will help you to listen to the prompting of the Holy Spirit.</li><li>Another great example of this comes in our investing. A lot of Christians would like to invest in a way that aligns with their biblical values and not have profits in their portfolio coming from industries that violate them.</li><li>WHAT TO LOOK FOR IN AN ADVISER</li><li>Of course, being a Christian isn’t enough. It’s important to understand the qualifications of an adviser before taking their advice. One way to be sure about the competence of a financial adviser is to seek out a <a href="https://www.faithfi.com/find">Certified Kingdom Adviser</a>. </li></ul>On this program, Rob also answers listener questions: 
<ul><li>How do you determine how best to proceed with bringing a mortgage forbearance current? </li><li>When does a real estate investment trust make sense? </li><li>When does it make sense to use investment funds to pay off credit card debt? </li></ul>RESOURCES MENTIONED: 
<ul><li><a href="https://www.christiancreditcounselors.org/">Christian Credit Counselors</a> </li></ul>Remember, you can call in to ask your questions most days at (800) 525-7000. Also, visit our website at <a href="https://www.faithfi.com/">FaithFi.com</a> where you can connect with a FaithFi Coach, join the FaithFi Community, and even download the free FaithFi app.

“Where there is no guidance, a people falls, but in an abundance of counselors there is safety.” Those are wise words in any situation, but particularly when it comes to your finances. Are you seeking the safety of a wise financial counselor?

Seeking Wise Financial Counsel With Rachel McDonough

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Join Rob West and special guests as they address today's financial questions with biblical answers.

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