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 […]
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 […]
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 […]