How Does Life Insurance Work?
“For by the grace given me I say to every one of you: Do not think of yourself more highly than you ought, but rather think of yourself with sober judgment, in accordance with the measure of faith God has given you.” (Romans 12:3) The kind of life insurance that you want, whole life from […]
Ben’s Story of Whole Life in Action in His Life
Ben & Kim have a regular American family. The have two kids – Jack and Rick – who they love with all their hearts (and probably spoil just a little too much!). They’ve done okay financially, following a lot of financial advice that they’ve heard over the years. They’re no experts, but Ben tries to […]
How Do Life Insurance Tax Benefits Compare to IRA’s/401k’s?
“Be sure you know the condition of your flocks, give careful attention to your herds; for riches do not endure forever, and a crown is not secure for all generations.“ (Proverbs 27:23-24) When the US government changed the Constitution to make legal the income tax, they applied it to certain types of income. Over the […]
Permanent Life Insurance as a Savings Vehicle
“Misfortune pursues the sinner, but prosperity is the reward of the righteous. 22 A good man leaves an inheritance for his children’s children, but a sinner’s wealth is stored up for the righteous. 23 A poor man’s field may produce abundant food, but injustice sweeps it away.” (Proverbs 13:21-23) Life insurance is a severely misunderstood […]
Roth IRA – Differences from Traditional IRA’s and 401k’s
We’ve spent the last 10 posts covering the many facets of Qualified Plans (which include traditional IRA’s, 401k’s, 403b’s, SEP IRA’s, etc.) Today we’ll look at the differences and similarities between these more traditional types and the newer Roth IRA’s. Roth IRA’s allow you to put money into a tax deferral vehicle just like the […]
When Would You Like to Start Paying Taxes?
Let’s talk about real life for a minute. Financial discussions can often devolve into philosophical numerical debates that really have no place in reality. Do you want a good theory of how to have more money in your old age, or do you want to have more money in your old age? Let’s ask the […]
For the Successful at Building Wealth, Isn’t a 401k (or any IRA) a Bad Idea?
A similar question to the one we asked yesterday is, “What if you are successful in building wealth, will the IRA tax deferral have been a wise choice?” We have a lot of clients who are in the 25 or 28% Marginal Tax Bracket. Your marginal bracket is the bracket that your last earned dollar […]
How Will Tax Changes Affect Your 401k or IRA?
“A prudent man sees danger and takes refuge, but the simple keep going and suffer for it.” (Proverbs 22:3) Do you believe taxes will go either up or down in the future? We ask this of all our clients, and almost every single one of them believes they will increase. When you look at the […]
The Real Tax Truth within 401k’s and IRA’s
15Then the Pharisees went out and laid plans to trap him in his words. 16They sent their disciples to him along with the Herodians. “Teacher,” they said, “we know you are a man of integrity and that you teach the way of God in accordance with the truth. You aren’t swayed by men, because you […]
Losing Your Velocity
“The simple inherit folly, but the prudent are crowned with knowledge.” (Proverbs 14:18) Another important issue when it comes to being able to access the money that you are stewarding for the Lord is Velocity. We’ve spoken before about the importance of Velocity and I’m sure we will again. Here we’ll simply give a short […]
