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  • It’s the 4th of July—the day we celebrate our nation’s independence. It’s also a great day to take stock of your financial independence.

    Are you on the road to financial freedom? Or are you falling under the bondage of money? It’s one or the other. Either you control your money…or your money controls you.

    The Gift of Financial Freedom

    Independence gave our nation freedom, and financial independence provides us with the freedom to make choices. When we control our money, we can decide where and how we live, where we work, and how much we work. However, financial freedom doesn't mean independence from God. Everything we have comes from Him, including our ability to earn money.

    James 1:17 reminds us, "Every good gift and every perfect gift is from above, coming down from the Father of lights, with whom there is no variation or shadow due to change."

    God's Desire for Our Financial Freedom

    To achieve financial freedom, we must remember that God desires it for us so that we can be more generous and serve Him more fully. Unfortunately, many people say they’d love to give more to God’s kingdom but can't afford to. The more control we have over our household finances, the more generous we can be, and that’s why financial freedom is crucial.

    The Burden of Debt

    A significant obstacle to financial freedom is debt. Proverbs 22:7 warns us, “The rich rule over the poor, and the borrower is the slave of the lender.” When we’re in debt, we work for someone else, not ourselves or God. The more we pay to service debt each month, the less freedom we have to use that money in other ways, including serving God.

    Debt is just one form of financial bondage. Another, often harder to recognize, is the mindset that material things will make us happy. When we strive to acquire more, we may find that our possessions end up owning us. Money is a tool to be used wisely, and having a lot of it can enslave us as effectively as debt if we’re not careful. The Bible warns about our attitude toward wealth.

    1 Timothy 6:10 says, “For the love of money is a root of all kinds of evils. It is through this craving that some have wandered away from the faith and pierced themselves with many pangs.”

    Signs of Financial Bondage

    Here are some signs of financial bondage:

    You think about money constantly and have no peace with God. Your focus is on daily concerns rather than eternal ones. You struggle to give generously, even when you have the means.

    This reluctance indicates a lack of financial freedom. Additionally, a lack of contentment is a red flag. You'll never have enough if you always want more and are never satisfied with God’s provision.

    Ecclesiastes 5:10 says, “He who loves money will not be satisfied with money, nor he who loves wealth with his income; this also is vanity.”

    The Path to Financial Freedom

    So, how do we get back on the road to financial freedom? If you’re in debt, stop borrowing, get on a budget, and start paying down your debt. The FaithFi app can help you set up your budget quickly and easily. If you have plenty of money but no peace, try giving more. Giving breaks the power that money has to enslave us.

    By following God’s principles for managing money—avoiding debt, saving diligently, and giving generously—you can experience true financial freedom. This freedom enhances your life and empowers you to serve God more fully and generously.

    On Today’s Program, Rob Answers Listener Questions:How should I invest for retirement as a 26-year-old single man? As suggested by my financial advisor, I had been considering an IUL (indexed universal life insurance plan). Still, I was uncertain if that was the best option given my long time horizon and ability to take risks at my age.Should I use $6,000 from my Roth account to pay down some of my $24,000 in credit card debt, reducing it to $18,000? I contacted a debt management company, which said they could lower my interest rate to 12%, but I would have to pay $540 per month, which I can't afford. The debt management company said that if I took $6,000 from my Roth to pay the debt, my monthly payment would be around $415, which I think I can afford.I’m about to meet with my financial advisor, who I am not happy with at the moment. I’m 71 and have $265,000 left in my Wells Fargo account. How should I allocate my investments moving forward, and how should I communicate with him when I meet to discuss my portfolio?Resources Mentioned:The Sound Mind Investing Handbook: A Step-by-Step Guide to Managing Your Money From a Biblical Perspective by Austin Pryor with Mark BillerMovement MortgageRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App

    Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

  • 2 Corinthians 9:6 says, “Whoever sows sparingly will also reap sparingly, and whoever sows bountifully will also reap bountifully.”

    God’s Word repeatedly challenges us to be generous givers to our families and His Kingdom. When should we do this giving? Are we waiting too long? Ron Blue joins us today with an idea you may not have thought about.

    Ron Blue is the Co-Founder of Kingdom Advisors and the author of many books on biblical finance, most notably “Master Your Money: A Step-by-Step Plan for Experiencing Financial Contentment.”

    The Joy of Giving

    There is immense joy in seeing the impact of your generosity firsthand. Whether you give $20 to someone working in an airport bathroom or support a charity, the act of giving not only helps others but also enriches your own life.

    Preparing for Wealth Transfer

    One practical aspect of this principle is involving your children in your financial generosity. By allowing them to see and participate in how you handle and distribute your wealth, you prepare them for the future. This hands-on experience can be vital to your wealth transfer or estate plan, ensuring that your values and approach to money are passed down.

    Defining Your Financial Finish Line

    To give maximally, you should define your financial finish line. This means determining what you must live on for the rest of your life and setting a limit. Once you reach this limit, you are free to give away the excess. This clear boundary simplifies financial decisions and opens up opportunities for greater generosity.

    True joy and fulfillment come from using our resources to make a difference while we can see the results. By defining our financial finish line and involving our families, we can ensure that our generosity leaves a lasting legacy.

    On Today’s Program, Rob Answers Listener Questions:Do you have any recommendations on pamphlets or printouts about giving to the church or tithing?Should I set up a revocable trust for my farm and assets to ensure an uninterrupted transfer of the farming business to my farming heirs when I pass away? I'm concerned about avoiding probate costs and ensuring the assets are distributed according to my wishes.I was looking at purchasing some land and paying cash for it. But I am looking at putting it into a revocable trust. That way, when I pass, it can go right to my children and grandchildren and not go through a probate court or have all the taxes and fees and everything that, you know, happens when somebody dies. I also asked if putting it in a revocable trust would keep all of the inheritance tax and everything away or if there would still be some of that tax.I have an extra $400 a month that I don’t know what to do with. Should I put it in my IRA, which has $2000, or my husband's IRA, which has $80,000, or put the extra $400 a month towards our mortgage payment?Resources Mentioned:Master Your Money: A Step-by-Step Plan for Experiencing Financial Contentment by Ron BlueSplitting Heirs: Giving Your Money and Things to Your Children Without Ruining Their Lives by Ron Blue with Jeremy WhiteMoney, Possessions, and Eternity: A Comprehensive Guide to What the Bible Says about Financial Stewardship, Generosity, Materialism, Retirement, Financial Planning, Gambling, Debt, and More by Randy AlcornRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App

    Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

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  • Did you know that anxiety disorders are the most common mental illnesses in the U.S. today?

    You might assume that we have a major anxiety problem just by the number of commercials you see for new medicines to treat these disorders, but is anxiety really a new thing?

    The Reality Of Anxiety

    Modern medicine recognizes anxiety in many forms: generalized anxiety disorder, panic disorder, social anxiety, and various phobias. Data shows nearly a third of all U.S. adults will experience some form of anxiety in their lifetime. The cost of treating anxiety disorders in the U.S. runs into the tens of billions of dollars, with an even higher economic impact due to lost productivity.

    What causes this widespread anxiety? According to the Mayo Clinic, the causes aren’t fully understood but likely include physical and mental health issues, as well as negative life events such as job loss or financial troubles.

    If you’re struggling with persistent anxiety, it’s crucial to see a doctor. Medication and counseling can be transformative.

    Jesus’ Teachings On Anxiety

    Despite appearing like a modern affliction exacerbated by hectic schedules, technology overload, and perhaps even diet, anxiety is not new. We know this because Jesus addresses it in the Bible, particularly Matthew 6 and Luke 12.

    Matthew 6:25-26 says:

    “Therefore I tell you, do not be anxious about your life, what you will eat or what you will drink, nor about your body, what you will put on. Is not life more than food, and the body more than clothing? Look at the birds of the air: they neither sow nor reap nor gather into barns, and yet your heavenly Father feeds them. Are you not of more value than they?”

    Imagine the disciples traveling around Galilee and Judea, relying on donations for their needs. It’s easy to see why they might have felt anxious about where they’d sleep or their next meal. Jesus encourages them to have faith.

    In Matthew 6:31-33, He says:

    “Therefore do not be anxious, saying, ‘What shall we eat?’ or ‘What shall we drink?’ or ‘What shall we wear?’ For the Gentiles seek after all these things, and your heavenly Father knows that you need them all. But seek first the kingdom of God and his righteousness, and all these things will be added to you.”

    Resisting The Love Of Money

    John Rinehart, founder of Gospel Patrons, explains that Jesus aims to free us from fear and anxiety to be distinct from the world. The world often idolizes money and seeks comfort and security through wealth. While financial planning is important, it shouldn’t be for the sake of leisure alone. Rinehart notes that the world is preoccupied with wealth, which can be perilous for Christians.

    Jesus warns of this temptation, emphasizing the need to resist the love of money by recognizing our value to God. He made us with a purpose. Jesus instructs us to seek God’s Kingdom and righteousness first, promising our needs will be met.

    We must actively participate in our provision and trust God to fulfill His promise. When we understand our worth to God, we’ll pursue His Kingdom and boldly share the Gospel, glorifying Him in the process.

    The Choice We All Have To Make

    Ultimately, we all face a choice: will we follow the world or seek the Kingdom of God and His righteousness? We can’t do both. As Jesus states in Matthew 6:24:

    “No one can serve two masters, for either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve God and money.”

    Choose God over money and watch the cares of the world fade away.

    On Today’s Program, Rob Answers Listener Questions:I have two debts here that I'd like to see which one to tackle first. One is obviously just my own mortgage, which I have about 5% interest. And the other one is a small business loan I obtained a couple of years ago at a lower interest rate of 3.5%. I don't know if it makes sense to put all my extra income and money now that I have come to every extra income towards an SBA loan or if you should go ahead and try to pay the home off.I have a couple of CD IRAs above from my wife and me. One was a four-year and a two-year one a while ago, but they both matured around the same time. When I went to roll over the CD IRAs, they were like $20,000, and they said you can only put in $7,000 per person now. I'm wondering what I should do because otherwise, I must pay taxes.I recently received mail promoting a service called ID Resolve. Is it worth it to get these ID protection plans? We have a term life insurance policy that is ending. We can cash it out or roll it into a whole life policy, but we have other adequate life insurance. I'm just wondering if there's a way to put that money in a savings account for our child's college expenses in about a year and a half that would not be painful for taxes.Resources Mentioned:1PasswordLastPassRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App

    Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

  • In the First Century B.C., Roman historian Sallust said, “Prosperity tries the souls, even of the wise.”

    Most people would choose financial prosperity despite its temptations. But what if you’re living with financial adversity? Today, we’ll talk about how to be wise in good times and bad.

    The Temptations of Financial Success and Adversity

    When things are going well financially, it’s tempting to take credit for your success, leading to sins like pride and greed. On the other hand, adversity brings its own set of temptations, such as self-pity, bitterness, and envy. Neither set of attitudes is godly.

    Christians are called to live with integrity, no matter our circumstances. But how do we consistently do that? According to the Bible, wisdom is the key to godly living in both good times and bad.

    Proverbs 1:7 says, “The fear of the Lord is the beginning of knowledge, but fools despise wisdom and discipline.” Fearing the Lord means respecting and honoring His authority and obeying His commands. Understanding the consequences of breaking God’s rules is the first step toward living wisely.

    Good parents know that children need boundaries for safety and healthy development. God has also set boundaries for His children that protect us spiritually and physically. When God says “no” to something, like stealing or dishonesty, those things hurt us by breaking relationships with others and the Lord.

    Because God loves us, He sets these boundaries for our lives. When we obey, we are safe and at peace. So, fearing the Lord isn’t about being afraid; it’s about learning to love and obey our Heavenly Father even more.

    The Benefits of Wisdom

    Wisdom begins with a healthy respect for God’s authority. Whether struggling financially or experiencing prosperity, you can still live wisely by listening to God's words. Here are a few benefits of wisdom:

    Discernment: Proverbs 2:9 says the wise “…will understand what is right and just and fair.”Guidance: Proverbs 3:6 reminds us, “In all your ways acknowledge Him…and He will make your paths straight.”Blessing: Proverbs 3:13 says, “Blessed is the man who finds wisdom.”Good Reputation: Proverbs 3:35 says, “The wise inherit honor.”Protection: Proverbs 16:6 says, “Through the fear of the Lord, a man avoids evil.”

    These benefits are available to you, no matter your financial state. Conversely, the Bible refers to those who do not honor God and live by His rules as “fools.” Psalm 14:1 says, “The fool says in his heart, ‘There is no God.’ They are corrupt, they do abominable deeds; there is none who does good.” Fools suffer shame, disaster, distress, and troubles—outcomes we should strive to avoid in our finances and lives.

    Following a Path of Wisdom in Financial Decisions

    So, how can you follow a path of wisdom in your day-to-day financial decisions?

    Understand how God views money and possessions. The Bible tells us that God owns everything, and we are to be wise caretakers of whatever we have. He’s not really concerned about your bank balance; what matters is where your heart is. Ask the Lord to change your heart so you can follow Him in this area.Being financially wise means living according to biblical principles. Practice integrity in all your dealings and consider others more important than yourself.Contentment is key to financial wisdom. When you invite God into your finances, trusting Him to lead you and provide what you need, you’ll begin to understand 1 Timothy 6:6, “Godliness with contentment is great gain.”

    What do your actions and attitudes about money reveal about you? Are you wise or foolish? If you’re committed to Jesus and following the Lord with all your heart, it will show in your financial choices. Whether God has provided you with adversity or prosperity, you can be confident in His love and provision. Stay focused on what’s really important—following Jesus.

    On Today’s Program, Rob Answers Listener Questions:I own a home, and it's just my name. I do have a will, but I’m concerned about these advertisements on TV about people being scammed out of their houses. I wondered if I should put my house in an LLC or a trust.I wanted to cash in some US Treasury Savings Bonds I bought in the 80s and 90s to take advantage of higher interest rates today. I wondered if there would be any problems with cashing them in to put the money into a one-year CD since it's paying 5% interest now.I wanted to understand why, when you get your first mortgage statement, they haven't taken the interest rate you were quoted—like 7%—but a much larger portion of your interest payment, like 60% rather than 7%. How do amortized loans work? Is the interest on the loan “front-loaded” in the early years of the loan?Resources Mentioned:Rich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App

    Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

  • Since the beginning of time, God’s design for humanity has always been to be a giant family spread throughout the earth. So what happened?

    Because of the power of sin in our world, families are broken, children become orphans, and many feel alone and isolated, as if they don’t belong. Dr. Albert Reyes with Buckner International joins us today to share a hopeful message about God’s design for his family.

    Dr. Albert Reyes is the author of Never Alone: The Power of Family to Inspire Hope and Hope Now: Peace, Healing, and Justice When the Kingdom Comes Near. He serves as the President and CEO of Buckner International, an underwriter of Faith & Finance.

    The Importance of Families

    Sadly, there is a growing effort to undermine the family structure. Strong families are critical to communities, cities, and any organization of humanity. Through Buckner International, they see the impact daily of providing strong families for children who need them and supporting existing families to thrive.

    Lessons from Biblical Families

    Examining the families we see in the Bible reveals valuable lessons from their experiences—positive actions to emulate and mistakes to avoid. Despite their flaws, these families needed redemption, much like ours today. This underscores the importance of a redeemer in strengthening our family units.

    Buckner International’s Mission

    Buckner International is grounded in the biblical directive from James 1:27, which emphasizes caring for orphans and widows. Their ministry focuses on two main areas: senior living and services for children and families. The Children and Families division provides foster care and adoption, support for single-parent families, and Family Hope Centers to aid struggling families. Additionally, they’ve distributed over 5 million pairs of shoes to children in more than 85 countries since 1994.

    Shoes for Orphan Souls

    One of Buckner’s notable projects is "Shoes for Orphan Souls." This initiative collects new shoes for children, which volunteers sort, prepare, and ship. These shoes are crucial in allowing children to run, play, attend school, and stay healthy. Volunteers also include personal notes of encouragement, sharing the love of Christ with each child who receives a pair.

    Get Involved

    For just $15, you can provide a pair of shoes to a child in need anywhere in the world. To contribute, visit GiveShoesToday.org.

    On Today’s Program, Rob Answers Listener Questions:I've got four credit cards and about $6,500 in debt, and I want to get rid of that debt. Should I go through the Trinity finance program, consolidate that, save some of those penalties and things, and get that paid off? Or is it better for my credit to go ahead and do the best I can to make the payments? Is that the best for my future?I have a second home, and my parents live in it. I've been thinking about selling it, but my parents are hesitant because they want to stay there until they pass. They're up there in age, but I just want to get rid of the house. I don't want to put my parents in a nursing home or anything, so what can I do? What are my options?I'm only 63, but I applied for disability. I'm about to have my fourth back surgery. So they asked me if I wanted to go ahead and receive social security while I was waiting for disability to be approved. So, I am receiving that $1,700 a month. Now, there is a cap on how much income, and I'm trying to continue to work to supplement that. But I have a cap of $1,400. That's still not enough to live on, so I live in my car now. But once I receive my disability, and that's approved, will there still be a cap on how much additional supplemental income I can earn?Resources Mentioned:Never Alone: The Power of Family to Inspire Hope by Dr. Albert ReyesBuckner Shoes for Orphan Souls (GiveShoesToday.com)Give To FaithFiRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App

    Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

  • What’s harder to get rid of than termites and hurts more than a toothache?

    A certain group of people will tell you it’s a timeshare. It seemed like a good idea at the time…but now it’s just another budget buster. Today, we’re diving deeper into this topic. Unfortunately, none of the options are particularly great, but let’s explore them.

    Why Are Timeshares Hard to Sell?

    First, it’s important to understand why timeshares are so difficult to sell. Ideally, you’d sell your timeshare and recoup your investment. However, this rarely happens. If anyone has managed it, please let us know how!

    The main issue is that timeshares often lack a clear need for potential buyers. You can book a week at a similar resort without the upfront cost and ongoing fees. Additionally, timeshares suffer from a poor public image due to aggressive sales tactics, making them less appealing to buyers.

    Getting Informed

    Before attempting to sell, gather as much information as possible. A great resource is the Timeshare Users Group (TUG) at Tug2.com. For a $15 annual membership, you can access a community of timeshare owners sharing advice and experiences.

    Selling Your Timeshare

    If you decide to sell your timeshare yourself, be realistic about its value. It’s likely worth much less than what you paid. Advertising options include TUG’s marketplace, eBay, Craigslist, Facebook, and local classifieds.

    Once you find a buyer, drafting a contract is essential. It is wise to hire an attorney to ensure the contract is legally sound.

    Other Options

    If selling doesn’t work, consider these alternatives:

    Timeshare Deed Back: You can ask the resort to take back the timeshare. This is called a deed back and is often the cheapest way out. However, you might need to have paid off the full timeshare cost.Timeshare Exit Company: Be cautious with these companies. Look for one with a solid track record and referrals, as there are many scams. Costs typically start around $5,000 and can go much higher.Hiring an Attorney: An attorney experienced in timeshare contracts might help, especially if the company has breached the contract. Legal fees can also be high, often comparable to timeshare exit companies.Costs and Considerations

    Selling your timeshare might involve several hundred dollars in advertising fees. You’ll also lose the difference between your purchase and sale prices. Using a timeshare exit company or attorney can cost between $5,000 and $10,000 or more.

    What to AvoidExtravagant Claims: Avoid companies that make unrealistic promises about getting you out of your timeshare for a low cost.Upfront Payments: Don’t pay upfront fees to timeshare exit companies.Illegal Actions: Never engage in anything illegal or dishonorable.Don’t Stop Payments

    Stopping payments on your timeshare is tempting but dangerous. It can lead to relentless harassment from the timeshare company or collection agencies, damage your credit score, and potentially result in foreclosure. Remember, you signed a contract, and as believers, we are called to honor our commitments. Psalm 3:27 says, “Do not withhold good from those to whom it is due, when it is in your power to do it.”

    Prevention is Key

    Ultimately, the best advice is to avoid buying a timeshare in the first place. As the saying goes, “An ounce of prevention is worth a pound of cure.”

    We hope this information helps you navigate the challenging process of getting out of a timeshare.

    On Today’s Program, Rob Answers Listener Questions:Should I use my extra $500 income each month to pay off my car loan quicker to save on interest, or should I invest that money in renting a parking lot so I can provide dog training services again?I wanted to ask about a new feature in the Roth IRA that my school system offers, where I can choose to protect my investments at certain percentages from drops in the market. I would like to know if choosing the option where I would be protected unless it dropped below 40% or rose above 60% is a good idea or if the other option of protection below 115% and above 40-60% is better. Is this type of downside protection even a good idea?I’m looking for ideas on how to fund a supplemental retirement for my wife using some inheritance money I recently received. As a retired federal employee, I only chose a minimal survivor benefit for her, which will not provide her with enough income when I pass away. I wanted suggestions on investing the $75,000 inheritance to generate retirement income for her after I am gone.Resources Mentioned:Timeshare Users Group (TUG)Give To FaithFiRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App

    Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

  • The Bible contains many accounts of God providing miraculously for His people, but none are more fascinating than the story of the Widow’s Oil.

    That passage is found in 2 Kings 4:1-7—it’s just seven verses, but they’re loaded with teaching about God’s provision. Sharon Epps joins us today to unpack the story of the Widow’s Oil and how we can apply it to our lives today.

    Sharon Epps is the president of Kingdom Advisors, FaithFi’s parent organization. Kingdom Advisors serves the broad Christian financial industry by educating and equipping professionals to integrate biblical wisdom and financial expertise.

    Elisha and the Widow’s Oil

    Let's start by reading the whole story from 2 Kings 4:1-7:

    Now the wife of one of the sons of the prophets cried to Elisha, “Your servant my husband is dead, and you know that your servant feared the Lord, but the creditor has come to take my two children to be his slaves.” And Elisha said to her, “What shall I do for you? Tell me; what have you in the house?” And she said, “Your servant has nothing in the house except a jar of oil.” Then he said, “Go outside, borrow vessels from all your neighbors, empty vessels and not too few. Then go in and shut the door behind yourself and your sons and pour into all these vessels. And when one is full, set it aside.” So she went from him and shut the door behind herself and her sons. And as she poured they brought the vessels to her. When the vessels were full, she said to her son, “Bring me another vessel.” And he said to her, “There is not another.” Then the oil stopped flowing. She came and told the man of God, and he said, “Go, sell the oil and pay your debts, and you and your sons can live on the rest.”

    God’s Role in Our Provision

    This story beautifully illustrates God's role in our lives. God provided the oil when the widow had no other means and also ensured there were buyers for the oil to settle her debts. This story reminds us of our total dependence on God for our needs.

    Our Role in God’s Plan

    While God is the ultimate provider, the widow has a significant role to play. She sought help from Elijah, followed his instructions, gathered the jars, poured the oil, and sold it. This highlights the importance of our participation in God’s provision. We must be active in our faith, seeking guidance, obeying God’s instructions, and doing our part diligently.

    The Lesson of Faith

    Verse 3 of this passage is particularly powerful. Elijah instructed the widow to gather as many jars as possible, and the amount of oil she received was directly tied to the number of jars she collected. This act of gathering jars was a manifestation of her faith. Similarly, our faith can determine the extent of God's blessings in our lives.

    Practical Steps for Faithful Stewardship

    There are several practical lessons from this story:

    Rely on God: In difficult situations, look to God for guidance rather than relying solely on your own abilities.Seek Wise Counsel: Just as the widow sought Elijah's help, we should seek advice from trusted advisors and fellow believers.Do Your Part: Be faithful to the tasks God has given you, no matter how small or mundane they may seem.Involve Your Family: Include your family in your journey of faith and stewardship, allowing them to witness God’s provision firsthand.Avoid Debt: Be mindful of the financial burdens you might leave behind, ensuring you plan for the future responsibly.Use What You Have: Consider how you can use your current resources to meet the needs of others, practicing generosity as an essential aspect of stewardship.

    By aligning our hearts with God's, we can experience the true joy of faithful stewardship.

    On Today’s Program, Rob Answers Listener Questions:I want to pay off my mortgage faster to pay less interest. I have some extra money that I can put towards the mortgage. Would making an extra monthly or a large lump sum payment be best?My wife and I have been paying for long-term care insurance for about 15 years and are in our mid to late 70s. There has been a class action suit against the long-term care company informing us that their rating is now C++, which means they're marginally able to pay for future claims. They're forecasting more premium increases to come and have offered some options, and I don't know what the overall state of the industry is. Still, we're wondering whether we should cancel our policy. What kinds of things should I consider when deciding what to do?Resources Mentioned:Give To FaithFiRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App

    Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

  • The Bible clearly says that Christians are to give…but is it always as clear about where we should give?

    We all have to decide where we will give from our limited resources. So, a good question to ask is, “Does God care where we give?” I’ll talk about that today with David Wills.

    David Wills is President of The National Christian Foundation (NCF). He is also the co-author of Investing in God’s Business (The “How To” of Smart Christian Giving) and numerous articles and lectures nationwide.

    A New Perspective on Giving

    A recent article titled “Does God Care Where We Give?” appeared on the NCF website and challenges a common misconception: that our personal passions should solely drive our giving. Instead, we should place God at the center of our giving decisions.

    Determining God's Will in Giving

    While we often give to areas we care about, it’s crucial to consider what God thinks. How do we determine this? God cares about each of us and allows us to steward financial resources for His glory and our good. By obeying God and reflecting His love, we gain supreme motivation, and our giving can glorify God.

    Biblical Guidance on Where to Give

    God’s Word offers guidance on where to give. Acts 1:8 provides a model with three geographic areas: Jerusalem (local), Judea and Samaria (national and regional), and the ends of the earth (international). This model challenges us to think strategically about our giving on these levels.

    Focusing on Eternal Investments

    Two things will last forever: God’s Word and people. Therefore, supporting the translation, distribution, teaching, and preaching of Scripture and aiding those spreading the gospel aligns with God's priorities. 3 John 5-8 underscores the importance of supporting workers who spread the good news of Jesus Christ.

    Specific Groups to Support

    The Bible also identifies specific groups we should care for: the poor and oppressed, orphans, widows, the hungry, thirsty, strangers, the naked, the sick, prisoners, refugees, and victims of calamity. These groups repeatedly surface as recipients of giving in the Bible, indicating God's special concern for them.

    Laying Up Treasures in Heaven

    While these categories don’t exhaust all giving possibilities, they guide us to support what God cares about locally, nationally, and internationally while leaving room for creative freedom in our giving.

    As Jesus said in Matthew 6:21, “Where your treasure is, there your heart will be also.” By focusing our giving on what aligns with God's heart, we can experience greater joy and fulfillment.

    For more details, be sure to check out David’s article, “Does God Care Where We Give?”

    On Today’s Program, Rob Answers Listener Questions:I recently learned that I will soon receive an inheritance of $200,000. Since my husband and I plan to retire in five years, how can I save or invest this money? What are some options for me to consider with this timeframe in mind?What would be a good amount for me to invest in an annuity? I was told that if I invested $200,000, I would get a guarantee of $16,200 in return each year. Given my situation, what are your thoughts on investing that amount in an annuity?Resources Mentioned:Does God Care Where We Give? By David Wills (NCF Article)Give To FaithFiRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App

    Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

  • Myths can be persistent things. For a long time, people thought the world was flat.

    The investing world has its share of myths that persist to this day. Rachel McDonough joins us today to go over 3 myths about wealth that many Christians believe—but shouldn’t.

    Rachel McDonough is a Certified Financial Planner (CFP®), a Certified Kingdom Advisor (CKA®), and a regular Faith & Finance contributor.

    Flat Earth and Financial Myths

    When your core assumptions are wrong, your strategy becomes useless. Imagine planning a voyage worldwide while believing it's flat—you'd never reach your destination accurately. Similarly, in finance, myths perpetuated by various professionals are usually unintentional but can mislead our strategies.

    Myth #1: Performance Equals Success

    Many think you've succeeded if you can beat the S&P 500. This oversimplifies the complex nature of investing, neglecting how profits are generated.

    In God's economy, people matter more than profit. True success isn’t high profitability achieved by harmful businesses but investments that honor God's values.

    Myth #2 & #3: Avoiding Risk Unless for Higher Return

    The second and third myths are interconnected: the idea that unnecessary risks should be avoided and that risks are only for higher returns. Financial planning often teaches clients to avoid risks unless needed to achieve goals. However, humans take risks for reasons beyond returns—we risk out of love, trust, worship, and obedience.

    For instance, people take risks for the sake of love, like adopting special needs kids or rescuing trafficking victims. These acts reflect God's sacrificial love for us.

    Two Things To Remember:

    First, if you don’t have a financial plan, make one. Second, check your assumptions when planning how to steward God's resources. We shouldn't aim to die wealthy while ignoring the harm our investments might cause.

    Instead, we should embrace risks for the sake of impact and love, share generously with the poor, invest in impact funds, and choose careers based on Kingdom impact, not just financial gain.

    On Today’s Program, Rob Answers Listener Questions:I’m a 64-year-old retiree who recently started receiving Social Security benefits but has taken a higher-paying job. I was unsure whether I should contact Social Security to suspend my benefits and pay back what I had received to increase my future monthly payments or just let them reduce my benefits due to earning more than the income limit. I was also concerned about not having the $8,000 needed to pay back benefits.I want to help my graduating high school senior son start investing some of the money he had earned. Specifically, opening a Roth IRA with $1,000 would be a good option for him, even if he wouldn't contribute more each year until after college. I wanted to know the steps he would need to take to open an account and get started.What is the best way to use two home equity lines of credit? I have one at 6.4% interest and the other at 14% to pay off about $28,000 in credit card debt across various cards with interest rates in the high teens and 20s. I was thinking of using $17,000 from the lower interest line of credit and the remainder from the higher interest line, but I wanted advice on whether that was the right approach or if there were better options.Resources Mentioned:Rachel McDonoughChristian Credit CounselorsCharles SchwabBettermentGive To FaithFiRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App

    Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

  • You’ve probably heard the saying…“If you aim at nothing, you'll hit it every time.” But do you know who coined it?

    Christian author and speaker Zig Ziglar is credited with that famous quote. It urges us to set goals and stay on mission. What are our goals, and what’s our mission here at FaithFi? Chad Clark fills you in today and invites you to be a part of it all.

    Chad Clark is the Executive Director of FaithFi: Faith & Finance.

    Integrating Faith and Finances for God’s Glory

    At FaithFi, our mission is clear: we aim to equip Christians with the tools and resources they need to integrate their faith with their financial decisions, all for the glory of God. Our vision is that all Christians would see God as their ultimate treasure, placing Him above all else, including money, which often competes for the primary position in our hearts.

    Money: A Tool, Not a Treasure

    We see money for what it truly is—a tool. It is not inherently good or bad, but how we use it can be. At FaithFi, we strive to help you grow in your faith and make wise financial decisions that honor God.

    Our resources include our radio program, FaithFi.com, the FaithFi app, and our brand-new studies designed to integrate faith and financial wisdom. We receive daily feedback from individuals whose relationships with God have deepened and who have become wiser stewards of His resources through our ministry.

    Join Us in Our Mission

    Our fiscal year ends on June 30th, and we are still $50,000 short of our fundraising goal.

    If you have been impacted by FaithFi and want to help others find the freedom to make God their ultimate treasure and wisely steward His resources, please consider making a donation. You can do so securely online at faithfi.com/give or find our mailing address to send a check.

    As a token of our appreciation, we will send you a copy of our new study, Rich Toward God, for any gift over $25. This study addresses many of the topics we discuss at FaithFi.

    To our faithful supporters, we extend our heartfelt thanks. Your partnership is invaluable in this important work. Together, we can continue to help Christians integrate their faith and financial decisions for the glory of God.

    On Today’s Program, Rob Answers Listener Questions:I have $280,000 in an annuity that I've had for over 15 years. It's approaching the point where I have to decide whether to annuitize it or surrender it. If I surrender it, there would be no surrender fee. I'm wondering if I should do that and then put half the money into a money market or high-yield savings account and $140,000 into conservative growth funds to try to get a better return than the 4.1% average I've been getting from the annuity.I have a question about investing for retirement income. My wife and I have both retired, though we still work other jobs. We max out our traditional IRAs each year and have no debt. Our other investments are also doing well. I wonder what you think about focusing on dividend stocks for additional investments past maxing out our IRAs each year to generate retirement income.I have a question about an investment property I'm considering in Decatur, Illinois. It's a mixed-use property with residential and retail units that are currently occupied. The list price was $695,000, but I negotiated it down to $650,000. I plan to put 30% down and take out a loan for the rest. The loans I've been offered are around 7.75-8.5% interest. Given the interest rates and Decatur's declining population, is this a good investment opportunity?As we know, retiring before full retirement age results in an 8% reduction for each year early. I want to know if the annual cost of living increases offset this 8% reduction for taking benefits early.Resources Mentioned:Eventide Dividend Opportunities FundGive To FaithFiRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App

    Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

  • It’s said that we learn from mistakes, not success…but do you want to experience that with your retirement savings?

    No question, saving and investing for retirement is something you want to get right the first time. Mark Biller joins us today to help you avoid some of the most common retirement planning mistakes.

    Mark Biller is Executive Editor and Senior Portfolio Manager at Sound Mind Investing, an underwriter of Faith & Finance.

    Underestimating the Impact of Inflation

    One of the most common retirement-planning mistakes is underestimating the impact of inflation. Many fail to grasp the destructive power of inflation’s compounding effect over time. For example, with a 3% annual inflation rate, a lifestyle costing $75,000 today will require $135,000 in twenty years. Understanding this helps retirees plan for sufficient income to maintain their standard of living.

    Investing Too Conservatively

    Another common mistake is investing too conservatively. While fixed-income instruments like CDs and bonds are important, they often do not keep pace with inflation. Retirees need to ensure their portfolios continue to grow by maintaining some exposure to stocks and equities to stay ahead of inflation.

    Overestimating Investment Income

    A realistic retirement plan should be conservative about projected returns. Withdrawing too much money too soon from retirement accounts can create problems later, especially with increased life expectancy. The general guideline is to withdraw no more than 4% annually from your portfolio, but this can vary based on individual circumstances.

    Underestimating Lifespan

    Many people underestimate their lifespan when planning for retirement. Statistics show that a 65-year-old man has a 60% chance of living to age 85, and a 65-year-old woman has over a 50% chance of living into her 90s. Planning for at least two decades of retirement is essential to ensure financial stability.

    Forgetting to Account for Healthcare Costs

    Healthcare costs are a significant consideration in retirement planning. While Medicare covers many expenses for those 65 and older, it doesn't cover everything. Supplemental insurance plans, out-of-pocket expenses, and potential long-term care costs must be factored into retirement plans. Building a Health Savings Account (HSA) during working years can help fund later-life health costs.

    Utilizing Resources and Professional Guidance

    Due to the many variables in retirement planning, avoidance of these common mistakes isn't always easy. Resources like MoneyGuide, a financial planning tool used by many advisors, can help by running "what if" scenarios. Additionally, seeking guidance from a financial professional, such as a Stewardship Advisor at SMI Private Client or a Certified Kingdom Advisor® (CKA), can provide valuable insights and help secure one's financial future.

    While retirement planning is complex and unpredictable, diligent preparation and utilizing available resources can significantly enhance financial security. Learning from others' mistakes can help you better navigate your path to a comfortable retirement.

    Read the article “Avoiding The Most Common Retirement-Planning Mistakes” from Sound Mind Investing to learn more.

    On Today’s Program, Rob Answers Listener Questions:Do I tithe 10% of each paycheck I receive from my three jobs? Or do I tithe 10% of my weekly income regardless of how many paychecks I receive?My 401k is down over 51% from three years ago. Is there anything I can do to help it recover?Resources Mentioned:Avoiding The Most Common Retirement-Planning Mistakes (Sound Mind Investing Article)Sound Mind InvestingMoneyGuideRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App

    Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

  • “Train up a child in the way he should go; even when he is old he will not depart from it.” Proverbs 22:6

    Teaching our children how to manage God’s money is vital to raising them. But how can parents do this well? Brian Holtz will share some great insights today.

    Brian Holtz is the Chief Operating Officer at Compass Financial Ministry and the author of Financial Discipleship for Families: Intentionally Raising Faithful Children.

    MVP Parenting: Building Financial Wisdom in the Next Generation

    Introducing MVP Parenting, a concept foundational for nurturing financial wisdom and spiritual growth in our children. Howard Dayton defines MVP as Modeling, Verbal Instruction, and Practical Opportunities. This approach helps parents effectively teach their kids crucial life skills and values.

    Modeling: Leading by Example

    As parents, our actions speak louder than words. Modeling means demonstrating behaviors that our children can observe and learn from. If your child wants to learn how to pray, they need to see you praying, not just hear about it. Children are always watching and absorbing our behaviors, whether intentional or not. They learn how we handle money, attitudes, and financial habits. Therefore, it's essential to model the right behavior visibly.

    Verbal Instruction: Explaining the Why

    Providing verbal instruction involves explaining actions in a way that children can understand. For instance, after praying or reading the Bible, explain to your children why you do it. Without explanation, they might create their own reasons, which could be far from the truth. Similarly, when giving money at church, explain why you do it. This helps them understand the purpose behind your actions and prevents misunderstandings.

    Practical Opportunities: Hands-On Learning

    Practical opportunities invite children to engage and try things for themselves. It's not enough for them to see and understand; they must practice under supervision. For example, involve them in simple financial tasks appropriate for their age, allowing them to apply what they've observed and learned.

    Implementing MVP Parenting with Clients

    This MVP approach is not limited to parenting young children; it works with adult children and even in professional settings. When working with clients, encourage them to document their experiences and prepare their wealth for the next generation. Challenge them to apply the MVP principles to teach their children financial stewardship.

    In a corporate setting, this might look like mentoring a junior team member by letting them observe your presentations, explaining the outcomes, and gradually involving them in the process. Similarly, parents can apply these principles to raise financially wise children by providing a vision for the family’s wealth and decisions.

    The Importance of Family Vision

    A clear family vision is crucial. It defines why you exist, why the wealth has been entrusted to you, and why you make certain decisions. Core values and a family vision ensure that everyone understands the purpose behind their actions. Just like a book's value depends on its purpose, a family's success in stewardship depends on defining what that means for them.

    By integrating these principles, families can nurture financial wisdom and spiritual growth, ensuring that the next generation is well-prepared to be good stewards of their resources.

    On Today’s Program, Rob Answers Listener Questions:My wife and I received an inherited IRA from her father. We've been taking the required minimum distributions since he passed away, but now we've been told we must liquidate the entire account, which is around $100,000, by next year. We don't need to take all the money out since we don't use it for living expenses. Is there another option besides liquidating the whole thing?I’m looking for guidance on optimizing my retirement plan as I prepare to retire next quarter at age 61. I'll have significant assets and want to ensure I use them efficiently. I'm wondering if I should work with a CPA or a financial planner and if you could provide any suggestions on who might be a good fit given that I want to consider the interaction between required minimum distributions, Roth conversions, donor-advised funds, and when to start taking Social Security benefits. I have a lot of factors to consider when planning my retirement, and I could use help putting together a comprehensive plan.Should I use a home equity line of credit to purchase a new vehicle? Our mortgage has been paid off for a while, but the interest rates on new cars are so high. I wonder if using some of the equity in our home instead through a HELOC would be better. We'd prefer to buy a new car to avoid any potential mechanical issues from a used vehicle. What are your thoughts on using a HELOC versus financing through an auto loan?I'm 62 and no longer working, while my husband is 63 and plans to work until 65 or 67. We had always planned to delay taking benefits as long as possible, but I read something recently about how I could potentially take just my own benefit now at 62. Then, once my husband retires and starts collecting his, my benefit would convert to receiving the spousal benefit instead. I'm still confused about exactly how the spousal benefit works, though, and I was hoping you could help explain it.Resources Mentioned:Financial Discipleship for Families: Intentionally Raising Faithful Children by Brian C. HoltzCompass Financial MinistryBankrate.comRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App

    Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

  • “By wisdom a house is built, and by understanding it is established; by knowledge the rooms are filled with all precious and pleasant riches.” - Proverbs 24:3-4

    Faithful stewardship requires us to make wise financial decisions…manage and grow assets, and protect our families from hardship. Are you ready if you’re suddenly disabled or incapacitated? Valerie Hogan joins us with a checklist to prepare you for it.

    Valerie Hogan is an attorney, a Certified Financial Planner (CFP®), a member of Kingdom Advisors, as well as the co-author of Wise Women Managing Money: Expert Advice on Debt, Wealth, Budgeting, and More with Miriam Neff.

    The Importance of Disability Insurance

    We need the humility to realize we don't know what's coming in the future and the due diligence to get disability insurance, which protects us from loss of income if we're disabled. It's available publicly and through private programs, with costs varying based on qualification strictness, medical history, benefit duration (short or long term), and waiting period before it kicks in.

    Preparing for disability also falls in the same category as basic estate planning. This includes considering a durable power of attorney for finance or health decisions, a will or revocable living trust, and a living will when you can't make medical decisions independently.

    Organizing for Incapacity

    To get organized, securely store important papers and legal documents and let someone you trust know their location. Talk to your spouse or family member about your advanced care wishes and permit your doctors and lawyers to speak with your caregiver, which may require a HIPAA release.

    Essential Documents to Organize

    Here’s a comprehensive list:

    Birth, death, and marriage certificatesNames and phone numbers of close friends, relatives, doctors, lawyers, and financial advisorsFinancial information such as social security card or number, sources of income, IRAs, 401(k)sInsurance information, including life, long-term care, home, and car policies, with policy numbers and agents’ contact detailsBank account numbers, checking, savings, and credit union detailsInvestment information (stocks, bonds, property) with broker’s contact detailsMost recent income tax returnsUp-to-date will or trust with original signatures and witnesses (varies by state)List of liabilities and whom you oweDeeds or trust documents for your house and carHealth information, including current prescriptions, a living will, a durable power of attorney for health care, health insurance policies with policy numbers and contacts, and HIPAA releases.

    It’s worth it to ensure everything is done properly, so a licensed attorney specializing in estate planning in your state is an excellent resource for wisdom and advice. A godly estate planning attorney can help you consider whether the next steward is chosen and prepared.

    On Today’s Program, Rob Answers Listener Questions:Should I consider paying off my mortgage since the mortgage rate is considerably less than I could get by investing money in CDs? I'm also curious if digital currency is coming to the United States and if we must worry about the government taking our home.As a new medical practice owner who is barely making it right now with overhead and mortgage expenses, do I tithe from the gross income that the practice brings in, or can I tithe from the net income after taking care of all the expenses? Also, I bought a house in Florida to pay off, and I just got engaged. I plan to add him to the deed. What will the tax consequences be for him?How can my husband and I save or invest $200,000 that I will soon receive as an inheritance, given that we plan to retire in five years?My husband and I had gotten behind in tithing and giving to the ministries we support. We were challenged to get caught up, so despite life circumstances, we dipped into our savings and sent the checks. The day we delivered our tithe check to the church, we received a cash offer and sold our house in just two weeks. I wanted to encourage others that God is faithful when we surrender our hearts to him.I'm a 73-year-old widow living on Medicare and Medicaid. Because of this, I've heard they could take my house, but I want to understand more about how true that is and what I need to do, like possibly setting up a trust to secure my home. Where should I start to get advice on this issue?Resources Mentioned:Wise Women Managing Money: Expert Advice on Debt, Wealth, Budgeting, and More by Miriam Neff and Valerie Neff Hogan, JDMoney and Marriage God’s Way by Howard DaytonRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App

    Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

  • You’ve been a careful steward, working hard, saving your money, and spending wisely. Now what?

    Being able to live comfortably and afford the things you need seems like a worthy goal. Today, we’ll look at having a surplus from a biblical perspective.

    Celebrating Financial Faithfulness

    Maybe we don’t do this enough—speak directly to the faithful listeners who already follow God’s principles in their finances. You’ve been living with integrity and making wise choices with your money for years. Well, we’re talking to you today.

    First of all, well done. Financial faithfulness is a big deal. It takes sacrifice, commitment, and patience. You’ve paid off debts, worked hard at one or more jobs, invested wisely, and built your savings. More importantly, you understand that everything belongs to God. Your responsibility is to faithfully and humbly care for what He’s provided.

    As a Christian, you know the future is in God’s hands. Markets rise and fall, and your economic realities may change, but God is always faithful. You also know that following biblical financial principles is the wise thing to do. And now you find yourself with a surplus. What’s next?

    You might think, “I don’t have a surplus – I’m just getting to where I can keep my head above water financially.” Let me clarify what we mean by a surplus. A surplus is any money God has provided above what you need to live. The late Larry Burkett calls it “prosperity.” He explains that prosperity can be a blessing from God or a trap from Satan, depending on how it is used.

    The Spiritual Danger of Surplus

    Scripture warns that having a surplus can be more dangerous than having a need. If your surplus leads to a desire for more, it becomes a spiritual trap. 1 Timothy 6:9-10 warns, “Those who desire to be rich fall into temptation, into a snare, into many senseless and harmful desires that plunge people into ruin and destruction.”

    You might think it’s possible to focus on getting and keeping wealth and be devoted to God at the same time. But Jesus tells us in Matthew 6:24, “No one can serve two masters…You cannot serve God and money.”

    If it’s dangerous to focus on getting rich and impossible to serve God and money at the same time, what’s the godly alternative? According to Jesus in Luke 12:21, we’re supposed to be “rich toward God.” When you value Jesus most, you place your trust in an eternal and imperishable treasure. God’s abundance offers so much more than worldly riches do—including power for living and peace in your heart.

    God's Perspective on Financial Surpluses

    So, what’s God’s perspective on financial surpluses? In 1 Samuel 16:7, we learn that “…the Lord sees not as man sees: man looks on the outward appearance, but the Lord looks on the heart.”

    Two things come to mind concerning how we manage a surplus. First, we are to be imitators of Christ. Ephesians 5:1-2 says, “Follow God’s example, therefore, as dearly loved children and walk in the way of love, just as Christ loved us and gave himself up for us as a fragrant offering and sacrifice to God.” How we use our surplus should reflect the God we serve. God is a generous father, faithful and sacrificial in His dealings with us. As a result, we are to be the same toward others.

    Second, we must be “in the world but not of it” [John 17:11,16] in handling that surplus. In the Sermon on the Mount, Jesus explains that God’s power doesn’t follow worldly priorities. True power is displayed through self-giving love. Through the power of generosity, we can participate in God’s work in the world.

    Planning for Potential Surpluses

    When God blesses you with a surplus, it’s essential to see it for what it is—a physical blessing with a spiritual purpose. Larry Burkett states, “The important thing is to have a plan for the use of potential surpluses—planning before the money becomes available.”

    Here’s a final word from 1 Timothy 6:17-19:

    “As for the rich in this present age, charge them not to be haughty, nor to set their hopes on the uncertainty of riches, but on God, who richly provides us with everything to enjoy. They are to do good, to be rich in good works, to be generous and ready to share, thus storing up treasure for themselves as a good foundation for the future, so that they may take hold of that which is truly life.”

    Being financially faithful and handling surpluses with a heart aligned with God’s will allows you to experience true abundance—one that transcends worldly riches and brings eternal peace and joy.

    On Today’s Program, Rob Answers Listener Questions:God has always blessed me, and instead of paying 10%, I pay 11% off of gross. My question is, when I start receiving Social Security, is there a formula? Or to know what part social security has given us that we didn't put in ourselves?I'm a 60-year-old man who retired from the military and still works for them as a contractor. I will collect social security between 66 and 67 when I max out because I am working, so I won't collect it at 62. My question is that I got in trouble with credit cards, so I’m wondering if I should pay that off now with a HELOC or pull it from my 401k. My IRA is no problem because it's a Roth. So they have no taxes, but my 401k is a mandated tax withdrawn 20% for federal 5%. Is there anything I'm not seeing in this conversation that you might be able to see regarding reducing the tax burden I'm about to encounter?My wife is 47, and I am 46 and still working. We have over $100,000 in savings, and we’re looking for good ideas about what to do with the money.I am turning 70 in October this year and have several IRAs. Do I have to cash them all in, or what is the deadline?Resources Mentioned:Rich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App

    Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

  • Dr. Richard Swenson, author of The Overload Syndrome and Margin, writes that… “We must have some room to breathe. We need freedom to think and permission to heal. Our relationships are being starved to death by velocity.”

    Too many people are physically, emotionally, mentally, and financially overloaded these days. So, we’ll look at rest from a biblical perspective today.

    The Concept of Margin

    In his writings, Dr. Richard Swenson introduces the concept of "margin"—essentially, it's the space to take a break before you break down. Many of us feel there’s just not enough time, money, or energy left at the end of the day to recuperate, leading us to start the next day at full throttle again. This lifestyle, lacking margin, can have severe physical and financial consequences.

    Consider sleep, for instance. The Sleep Foundation reports that nearly half of people in the U.S. struggle with sleep, and about one-third of adults sleep less than seven hours each night. Chronic sleep deprivation can lead to expensive health issues like diabetes, anxiety, obesity, and heart disease. Additionally, research from Sleep Advisor indicates that over 2 percent of the U.S. GDP is lost due to workers' lack of proper sleep.

    Working late nights and weekends might seem necessary if you feel like life is moving too fast. However, burning the candle at both ends is ultimately unproductive. Exhaustion leaves no energy for the most important things—your relationships with others and the Lord.

    Work and Rest: Finding the Right Balance

    While God calls us to work for our families, His Kingdom, and the community, He also emphasizes the need for rest. Rest is God’s idea as much as work is. God rested on the seventh day of Creation—not out of tiredness, but because His work was complete. He blessed that rest and called it holy. The Sabbath, enshrined as one of the Ten Commandments, shows how much God values rest. We need time to be with the Lord, reconnect with loved ones, relax, enjoy God’s creation, exercise, breathe deeply, and sleep!

    Technology enables us to work from anywhere at any time, but that doesn't mean we should. Creating margin in our work means getting enough rest to do our jobs “as unto the Lord” with purpose and energy. Staying late at the office or skipping vacations might make you look diligent, but the stress and broken relationships that follow are too high a price for professional progress.

    However, it’s important to distinguish between proper rest and laziness. Laziness is choosing not to do what you’re supposed to or doing the bare minimum. This goes against God’s purpose for us, which involves good works. In his first letter to the Thessalonians, Paul advises the church to “…warn those who are idle and disruptive,” implying that inactivity can lead to trouble. The saying “Idle hands are the devil’s workshop” is a testament to this idea.

    The Dangers of Idleness

    In 1 Timothy 5, Paul highlights other dangers of idleness, such as gossiping and leading others into sin. Idleness, unproductiveness, and laziness open the door to harmful habits. Contrarily, Proverbs 31 praises the “woman of noble character” for her hard work in caring for her family, running her business, training her workers, and providing for the poor. Verse 27 confirms that she “does not eat the bread of idleness.”

    Laziness can also mean spending too much time on unimportant activities like endless scrolling through Instagram or mindlessly shopping online. At its core, laziness is a failure to take care of responsibilities. Paul provides a stern example in 1 Timothy 5:8, stating, “Anyone who does not provide for their relatives, and especially for their own household, has denied the faith and is worse than an unbeliever.”

    If laziness tempts you, turn to Jesus in prayer. 1 John 1:9 assures us, “If we confess our sins, he is faithful and just and will forgive us our sins and purify us from all unrighteousness.”

    Whether your issue is working too hard or hardly working, it’s time to restore the margin in your work and finances. Do your work “as unto the Lord,” as Colossians 3:23 advises. And if you’re feeling overwhelmed, find comfort in Jesus’ words from Matthew 11:28: “Come to me, all you who are weary and burdened, and I will give you rest.”

    On Today’s Program, Rob Answers Listener Questions:Where should I go to find a Certified Kingdom Advisor to get a referral for a godly estate planning attorney?I paid a capital gains tax a few years ago when I sold some stock. Even though my income from my job was below the limit to be taxed at 0% for long-term capital gains, they taxed me on the full capital gains amount as if that was my adjusted gross income. I want to check with my tax preparer since I thought I should have gotten taxed at 0% based on my income that year.Please give me a simplified explanation of a money market account. My new husband and I are considering putting some retirement money into one.Given all the economic uncertainties, does it make sense for someone in their 70s who is still working, with money in a 401k and savings account, to consider spending that money now on something of value like real estate? I'm concerned about the dollar's devaluation and wanted your perspective on proactively spending the money versus letting it sit in investments and seeing what happens.Resources Mentioned:The Overload Syndrome: Learning to Live Within Your Limits by Dr. Richard SwensonMargin: Restoring Emotional, Physical, Financial, and Time Reserves to Overloaded Lives by Dr. Richard SwensonBankrate.comRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App

    Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

  • We all want our plans to succeed, but what does the Lord want?

    Are you and God on the same page regarding your financial plans? Today, we’ll discuss achieving your financial goals and doing God’s will.

    As avid planners, we know that having a plan is the best way to meet your financial goals—or any goals, for that matter. But how do you ensure your plans align with God’s will for your life? As Christians, we believe that Jesus’ plans are the best, and the Bible supports this in Proverbs 19:21: “Many are the plans in the mind of a man, but it is the purpose of the Lord that will succeed.”

    Discovering God's Purpose

    Understanding God’s will is crucial because His purpose will always succeed. But how do you discern what God wants? The Bible guides us in Micah 6:8, “And what does the Lord require of you? To act justly and to love mercy and to walk humbly with your God.”

    Proverbs 3:5-7 advises, “Trust in the Lord with all your heart and lean not on your own understanding; in all your ways submit to him, and he will make your paths straight. Do not be wise in your own eyes; fear the Lord and shun evil.”

    You might wonder how submitting to God’s ways can help with practical goals like retirement, buying a car, or planning a vacation. While you may not receive a direct message from God about which car to buy, living by biblical standards will give you greater peace and confidence in your decisions. The key is to focus on what has eternal value: “Seek first the Kingdom of God.” By trusting in the Lord, praying, reading His Word, and submitting your plans to Him, you align with His will. This doesn’t guarantee an easy path but ensures a godly one.

    Seeking Wise Counsel

    Sometimes, even when praying for guidance, you need practical advice. Proverbs 15:22 says, “Without counsel, plans fail, but with many advisers, they succeed.”

    Here are some biblical counsels for saving, debt elimination, and employment:

    Saving for the Future

    Whether saving for college, retirement, or a home purchase requires patience and commitment, so set a target amount and determine how much to save each month. Place your savings in a high-interest account and pray for the discipline to stay on track. Maximize employer-offered savings options or start with a traditional or Roth IRA. For college savings, consider 529 plans.

    If you’re starting late, don’t worry. The Bible assures us that God will provide for our needs. Remember, God is “YHWH Jireh,” our provider, who cares for us more than the sparrows.

    Eliminating Debt

    To eliminate debt, you need a clear plan. List all your debts and create a strategy to pay them off, starting with one debt at a time. Once one is paid off, apply that payment amount to the next debt. If you need assistance, visit ChristianCreditCounselors.org. Avoid debt consolidation or settlement services. Share your goals with trusted friends or family for encouragement and accountability.

    “The borrower is servant to the lender” (Proverbs 22:7), so keep your debt-free goal in sight and seek God’s help to break bad habits.

    Improving Employment

    If you’re unemployed or underemployed, improving your earning power might require a new job or a promotion. Enhance your skills through training, network regularly, update your resume, and practice interview skills. Your persistence and enthusiasm will make a difference.

    Focusing first on what has eternal value ensures that God’s purpose will prevail in your financial life. As you plan and make decisions, remember to trust in the Lord, seek His guidance, and rely on wise counsel. By doing so, you align your financial goals with His will, ensuring a path that is both successful and godly.

    On Today’s Program, Rob Answers Listener Questions:Would a reverse mortgage help my situation? My wife and I are elderly and live on a fixed monthly income of about $2500. Our house is valued at around $160,000, but we still owe $50,000. I would like to use some of the equity in our home to help build an emergency fund and give us a little more financial cushion each month since we're living pretty hand-to-mouth right now. What are your thoughts on whether a reverse mortgage would work for us?I'm 66.5 years old and dealing with Social Security. I took my Social Security last year, starting it in June. I'm considering withdrawing what I've received and reapplying later, in a few more months or a year. What advice do you have about withdrawing my claim and any drawbacks I should know?When should I start receiving my Social Security benefits? I'll be eligible at 66.5 years old but intend to continue working until at least 70. What are the pros and cons of taking my benefits at 66.5 years old versus waiting until 70? I'm also considering using the monthly check between now and 70 to help pay my mortgage, but I'm unsure if that's the best financial decision. What are your thoughts on my options?Resources Mentioned:Christian Credit CounselorsRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App

    Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

  • Knowing where and how to give to God’s Kingdom can be a challenge for any one person…but all the more so if you’re married.

    It’s beautiful when couples agree on how to manage their money—how much to spend and save…but finding agreement on giving is just as important. Today, Bob shares what he and his wife, Leslie, learned about it.

    Bob Doll is the CEO and CIO of Crossmark Global Investments. He regularly contributes to Faith and Finance and other media outlets, such as Bloomberg TV, Fox Business, and CNBC.

    The Foundation of Giving

    Financial disagreements are common in marriages, and the Bible provides wisdom on handling money in over 120 passages. This connection between our spiritual lives and finances is crucial—God wants us to integrate our faith with our financial decisions (Matthew 6:25, 33).

    Five Core Premises for Giving

    In their home, Bob and Leslie follow five guiding principles:

    God Owns It All: The question isn’t how much to give but how much to keep.We’re Temporary Residents: We’re on earth briefly and in heaven eternally.Send It Ahead: You can’t take wealth with you but can invest in eternal treasures (Matthew 6:19-21).Increase Your Standard of Giving, Not Living: As Randy Alcorn puts it, “God prospers us by raising our standard of giving.”Give While Alive: They prefer to give their money away during their lifetime.Navigating Differences in Giving Preferences

    Bob and Leslie have different giving styles—Leslie prefers focusing on a few causes, while Bob prefers to give broadly. They’ve learned to compromise and respect each other’s preferences. Each initiates about 20% of their giving individually in their system, while they jointly decide on the remaining 60%.

    Structuring Their Giving

    Their giving strategy involves a pyramid approach:

    Top Tier: Large gifts to a few organizations they’re deeply involved with and trust.Middle Tier: Causes they know well but are less involved in.Bottom Tier: Smaller donations to various ministries or individuals.A Practical Process for Giving Decisions

    Here’s the process Bob and Leslie follow:

    Pray Together: Remember that it’s God’s money, and aim to be a faithful steward.Respect Each Other: Listen to each other’s voices and be open to the Spirit’s guidance.Be Strategic: Research potential opportunities and be mindful of red flags.Engage Personally: Get involved with some of your giving to maintain the joy and avoid feeling like a checkbook.Allow Flexibility: Be open to new ideas and understand that some giving may be seasonal.Learn from Mistakes: Don’t dwell on mistakes; learn from them and strive to be faithful.Key Truths to Remember

    Bob concludes by reminding us of three critical truths:

    Time is ShortThe Need is GreatThe Cost is High

    Investing in God’s Kingdom yields eternal returns, far surpassing any earthly investment. As believers, we’re called to do “above and beyond” for the honor and glory of God’s name, our good, and the benefit of others.

    For more detailed guidance, see their article, “How to Plan Your Giving as a Married Couple.”

    On Today’s Program, Rob Answers Listener Questions:Both my parents are in their 80s. And my mom didn't work a lot. She stayed home with us. And then my dad worked, you know, work the job for a long time. And someone told her that if something happened to him, she could not draw his social security and that she wouldn't be able to draw his pension. So I didn't know if there was something that they could do about the retirement so she could pull it since he had worked all those years and made that money. Could you give me advice on any of this?I'm updating my will now that I live in Texas. Is it God's will for me to give my children a percentage of the funds that the Lord has gathered for me rather than splitting it three ways for them? I would like to give it to two to three nonprofit organizations I support now.Resources Mentioned:How to Plan Your Giving as a Married Couple (Article by Bob and Leslie Doll)Splitting Heirs: Giving Your Money and Things to Your Children Without Ruining Their Lives by Ron Blue with Jeremy WhiteSSA.gov/applyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App

    Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

  • Some people learn from the mistakes of others. Unfortunately, some people have to be the others.

    You certainly don’t want to be one of the “others” who must learn things the hard way by making mistakes. Today, we'll talk to Ron Blue about some of the biggest financial mistakes you want to avoid.

    Ron Blue is the Co-Founder of Kingdom Advisors and the author of many books on biblical finance, most notably “Master Your Money: A Step-by-Step Plan for Experiencing Financial Contentment.”

    Setting Financial Goals

    Ron emphasized the importance of establishing clear financial goals. Without clear financial goals, you're essentially aiming at nothing. Goals help you prioritize and manage your spending effectively. Setting goals provides direction and ensures that your spending aligns with your priorities.

    Avoiding a Consumptive Lifestyle

    A consumptive lifestyle involves spending significantly more than necessary, often on things that don’t build financial equity. We all face the temptation of greed—a new car or a dress. Overspending on consumable items leads to a lack of financial growth. Instead, focus on investing in things that build equity and create long-term value.

    The Pitfall of Greed

    Greed is often disguised in pursuing the American dream. It's a subtle but pervasive issue. Tim Keller, a well-known pastor, once pointed out that in his experience, greed is rarely confessed as a sin. We often justify our spending under the guise of higher motives, which can lead to financial mismanagement. Avoiding greed starts with creating and sticking to a budget.

    The Importance of Budgeting

    Many view budgeting as restrictive, but it's quite the opposite—budgeting is liberating. A budget allows for pre-planned spending, which includes saving for vacations and preparing for emergencies like car repairs or broken appliances. Planning your expenses provides financial freedom and security.

    Giving: A Key to Financial Freedom

    Many believe that giving should come from surplus rather than regular income. However, giving is essential for experiencing true financial freedom. It's not about the money but about your heart and willingness to trust and honor God with your finances.

    By following these principles, you can achieve financial contentment and freedom.

    On Today’s Program, Rob Answers Listener Questions:What are the tax implications of an inheritance I received from my deceased mother-in-law? Part of the inheritance was a CD, which I understand has no tax implications. The other part was an IRA worth around $9,800 that was distributed to me. I don't know if there is a requirement to withhold taxes from that distribution or what the tax basis would be.I have a balance I have been trying to pay down at the hospital. I have been making $100 monthly payments, but when I get my statements, they still show the original balance and no credits for my payments. I have called the hospital billing department twice, and they said they would call me back within three days, but I never received a return call. Is there a way to get them to show where my payments are being reflected, or should I call the hospital administrator's office to resolve this since I am not getting responses from the billing department?My 97-year-old father had a term life insurance policy that he has now outlived. I checked with the insurance company, and they said something about a tariff that would apply if we tried to renew the policy at his age. Is it financially beneficial to continue the policy?How will my IRMA score impact my retirement planning? I would like to know if my situation is affected by this. My wife and I have been paying off debt and increasing our income over the past ten years through overtime and promotions. We are now debt-free, and I have recently surpassed six figures in income. I want to understand how my current income level might affect my Medicare premiums and overall retirement planning as I approach that stage of life in my 60s.Resources Mentioned:Master Your Money: A Step-by-Step Plan for Experiencing Financial Contentment by Ron BlueRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App

    Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

  • According to some estimates, the average household spends an astonishing 40% of its food budget on eating out. That’s a lot to digest.

    After housing and transportation, food is probably the next biggest item in the budget. It’s also a place where you can easily make changes that will save you a lot of money.

    The Cost of Convenience

    Eating out is convenient, especially for busy families with two working parents or parents shuttling kids to various activities. However, this convenience comes at a cost—not just financially but also in terms of health. Fast food often leads to weight gain and less control over nutrition. To combat this, consider preparing more meals at home. It starts with planning, particularly menu planning.

    The Power of Menu Planning

    How often have you looked in your cupboard and wondered, “Why did I buy that?” Before you go shopping, you can avoid this by planning your meals for the week—breakfast, lunch, dinner, and snacks. This also allows you to choose healthier options like fruits, vegetables, and nuts. When planning your menu, select meals you can prepare ahead of time over the weekend, eliminating weekday guesswork and last-minute scrambling.

    Creating a Shopping List

    Once your menu plan is ready, list all the items you need. Inventory your fridge and cupboards, crossing off what you already have. What’s left is your shopping list. Stick to this list when you shop, and you’ll start saving money immediately. To avoid impulse buys, eat a meal or snack before heading to the store.

    Strategic Shopping

    Avoid the middle sections of the grocery store where cookies, candy, and chips are typically placed. Instead, focus on the outer sections where you’ll find meats, vegetables, fruits, and yogurt. Of course, you’ll need to venture into the middle aisles for certain items, but make these trips quick.

    Stocking Up and Choosing Budget-Friendly Options

    Stock up on staples like cereals, rice, cornmeal, and oatmeal when they’re on sale. For protein, choose lower-cost options—hamburger costs less than steak, chicken costs less than hamburger, and incorporating a meat-free dinner into your weekly plan can save even more. Also, making coffee at home and taking it to work is far cheaper than buying it out, and the same goes for water.

    Utilizing Free Pickup Services

    Many larger grocery chains now offer free pickup options. This service helps avoid the temptation of unnecessary purchases while pushing a cart around the store. You can also keep a running total of your spending, making it easier to stay on budget. If you have little ones, curbside pickup avoids the “buy me this!” requests.

    Smart Shopping Locations

    Be mindful of where you shop, as prices vary. Generally, larger stores or chains offer lower prices, though the service might not be as personalized. Some big box stores have membership fees, but shopping there even once a month can be worth it. Just be sure you can use the large packages before they expire and have space for them at home.

    Online Shopping for Essentials

    You can also save by buying household necessities online from sites like Amazon. Look for free shipping offers to save even more.

    Preparing more meals at home can save you a lot of money and help you eat healthier by allowing you to plan meals, shop strategically, and utilize modern conveniences.

    On Today’s Program, Rob Answers Listener Questions:The $50,000 my husband and I had in a CD expired. The new rate we're being offered for 12 months is only 4%, and I was wondering if there might be something better we could do with that money, given the bumpy roads that may be coming up with the upcoming election. Also, would it be a good idea to invest in gold? I have only studied the Bible for over a year, so I wanted to understand who should receive my tithe.My mother has $116,500 in a John Hancock safe access account, paying only 1% interest. She uses it mainly to pay taxes and her mortgage. I wondered if she could move that money elsewhere to get a better interest rate since she also receives a pension and social security.What would happen to my social security benefits if I were to pass away before my wife? As someone with a government pension from working in a police department who was not married when I retired, I know my pension will end when I pass away. I also know that because I have a government pension, my social security is cut in half from what it usually would be. I wanted to know if, if I pass before my wife, her social security benefits would go back up to the normal rate.Resources Mentioned:TreasuryDirect.govBankrate.comRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App

    Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

  • The Qualified Charitable Distribution is one of the most underutilized tax benefits, yet almost 25 million Americans can take it.

    There are many requirements for taking a Qualified Charitable Distribution (QCD), or QCD. You must be 70 ½ and have an IRA. If more folks understood QCDs better, they might take them. David Hogan joins us today with the ABCs of QCDs.

    David Hogan is the Principal of Clifton Larson Allen CPA’s in Atlanta, GA.

    What is a Qualified Charitable Distribution (QCD)?

    Simply put, a QCD directly transfers funds from your Individual Retirement Account (IRA) to a qualified charity. This move doesn’t offer a deduction, but you don’t have to report the distribution as income, creating a unique tax advantage for those who qualify.

    How to Take a QCD

    Taking a QCD can be straightforward. If your IRA offers check-writing capabilities, you can write a check directly to your chosen charity. If not, you can set up a direct transfer online or over the phone. Your favorite charity can often assist you in setting this up if needed.

    Tax Advantages of a QCD

    A QCD can be particularly beneficial for those over 70 and a half if you’re not itemizing deductions. You might not get a tax benefit from your charitable contributions if you take the standard deduction. However, with a QCD, you avoid recognizing the IRA distribution as income, effectively reducing your taxable income.

    Required Minimum Distributions (RMDs) and QCDs

    Although the required minimum distribution (RMD) age has been moved to 73, you can still benefit from a QCD. Distributions to a charity through a QCD count toward satisfying your RMDs without adding to your taxable income. This is especially useful for those with larger IRAs who don’t need the funds for living expenses.

    Who Can Benefit from a QCD?

    QCDs aren’t just for the wealthy. While those with large IRAs can undoubtedly benefit, anyone with an IRA who is charitably inclined can use a QCD to gain a tax advantage. If you’re not itemizing deductions and usually take the standard deduction, a QCD allows you to give charitably without increasing your taxable income.

    Practical Tips for Using a QCD

    Consider replacing the charitable contributions you typically make from your after-tax dollars with distributions from your IRA. This strategy allows you to use your other assets for personal expenses while maximizing the tax benefits of your IRA distributions.

    A QCD is the best giving opportunity that many eligible individuals are not taking advantage of. If you have an IRA and are over 70 and a half, consider this tax-efficient way to support your favorite charities.

    On Today’s Program, Rob Answers Listener Questions:What should I do with my 401k since I’m approaching retirement in March 2025? I'll have around $200,000 in it, and I wanted advice on whether to roll it over to an advisor or leave it where it is once I retire.Can I deduct the value of my labor for the repairs and maintenance I do on the rental property where I live? Since I own and live in the building with some tenants, I do much of the work to keep costs down. But I wanted to know if I could charge for my time or labor and have it be legal.Would it be wise to take out a home equity line of credit on my $181,000 mortgage and use that HELOC to pay my daily expenses? I would throw my entire paycheck towards paying down the principal on the mortgage, and I would pay it off within about four years. I would like your thoughts on whether that strategy is a good idea.Would it be wise to use my $215,000 annuity to pay off my $140,000 mortgage as soon as possible? I'm 54 years old and will be retiring in about five years, at which point I'll receive a yearly pension of around $85,000-$90,000. I wanted advice on utilizing my annuity and whether eliminating my mortgage debt made the most sense.Resources Mentioned:An Uncommon Guide to Retirement: Finding God's Purpose for the Next Season of Life by Jeff HaanenRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App

    Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.