How 401k’s & IRA’s Limit Both Your Control and Accessibility
Having access to and control over your assets is essential to stewardship. God owns everything, but He’s given you certain assets to steward. This term invokes the Biblical image of a great Lord with many properties and business affairs who puts a Steward (or Manager) in charge of them. (An example: Matthew 25:14-30) Can you […]
How 401K’s and Most IRA’s Limit Investment Options
The vast majority of Qualified Plans (which would include 401(k)’s, 403(b)’s, as well as self directed IRA’s (whether they’re Traditional IRA, Rollover IRA, SEP IRA, or any other) have very limited investment options. Which means you’re not able to invest in the things that you might like to invest in. If the best investment for […]
Disadvantages of Government Retirement Plans (401k’s, IRA’s, etc.)
“Suppose one of you wants to build a tower. Will he not first sit down and estimate the cost to see if he has enough money to complete it? 29For if he lays the foundation and is not able to finish it, everyone who sees it will ridicule him, 30saying, ‘This fellow began to build […]
Retirement Plan Benefits (401k’s, IRA’s, etc.)
There are three major advantages of typical retirement plans. We went over many of the different types of these yesterday and they basically all work the same. The possible advantages that they give you are the following: Deferred Income Tax Your Contributions through an Employer sponsored plan might be matched Government mandated & penalized discipline […]
Retirement Plans
Qualified Retirement Plans (QP’s) are the most common form of Savings in America. They’re the one thing that it seems like most people do. So since most people are involved in them, they must be great, right? Aside from the fact that they don’t seem to be working for most people, many of our clients […]
How Much Should You Save?
“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.” (Proverbs 6:8) We’ve established that saving money is really important. So how much should you save? Again, there is no solid “right” […]
Your Wealth Gate
“Write them on the door frames of your houses and on your gates.” (Deuteronomy 6:9) The word “gate” is used 341 times in the NIV Bible. The gate symbolizes the place where you leave one place and enter another. In the scripture above, the Lord commanded that His people write His Laws on their gates […]
US Dollar or Gold?
Yesterday, we described, in simple terms, how today’s administration is devaluing your money. In real life though, it’s a bit more complicated than that. A dollar is worth whatever the world is willing to pay for it, just like any other product. And for almost a century now, the world has looked upon the US […]
The US Dollar and Gold
“He brought out Israel, laden with silver and gold, and from among their tribes no one faltered.” (Psalm 105:37) Yesterday, we discussed the possibility that in the not too distant future, your dollars could be worth far less than they are today. The US dollar is a fiat currency. This means that it has value […]
Gold and Inflation- Gold as Cash Reserve
“In a large house there are articles not only of gold and silver, but also of wood and clay; some are for noble purposes and some for ignoble. 21If a man cleanses himself from the latter, he will be an instrument for noble purposes, made holy, useful to the Master and prepared to do any […]
