Faith & Finance

Faith & Finance

Faith & Finance is a daily radio ministry of FaithFi, hosted by Rob West, CEO of Kingdom Advisors. At FaithFi, we help you integrate your faith and financial decisions for the glory of God. Our vision is that every Christian would see God as their ultimate treasure. Join Rob and expert guests as they give biblical wisdom for your financial journey and provide practical answers to your pressing financial questions. From budgeting and debt management to investing and stewardship, Faith & Finance equips listeners with insights to handle money wisely and live generously for God's Kingdom. Listen now or ask your question live by calling 800-525-7000 each weekday from 10-11 a.m. ET on American Family Radio and 4-5 p.m. ET on Moody Radio. You can learn more at FaithFi.com.

  1. Could a Reverse Mortgage Be Wise Stewardship? with Harlan Accola

    16h ago

    Could a Reverse Mortgage Be Wise Stewardship? with Harlan Accola

    Many retirees spend decades building equity in their homes. But could that equity become a wise tool for stewardship in the next season of life? For many people, the words reverse mortgage raise immediate concerns. Some of those concerns come from outdated information, past abuses, or even a sense of guilt about taking on debt later in life. But is it possible that some retirees have dismissed this option too quickly? Harlan Accola, who leads the reverse mortgage team at Movement Mortgage, joined the show today to help separate myth from reality and explain how today’s reverse mortgages may fit into a broader financial plan for some homeowners. Why Reverse Mortgages Have a Stigma Reverse mortgages have carried a strong stigma for years, and according to Accola, some of that reputation was deserved. In the past, there were bad products, bad actors, weak regulation, and not enough consumer protections. Those stories have been passed down through families, churches, and communities, shaping the way many people think about reverse mortgages today. But Accola says today’s reverse mortgages are very different, especially when handled by qualified professionals and governed by stronger safeguards. Much of the fear surrounding reverse mortgages is based on outdated information. Many people assume that taking out a reverse mortgage means losing ownership of their home. But that is not how the product works. A reverse mortgage is simply a lien on the property. The homeowner does not lose ownership of the home, and monthly payments are not required. Instead, the loan is repaid later, usually when the borrower sells the home, moves out, or passes away. That distinction matters because many retirees may be making decisions based on fear rather than accurate information. Is All Debt Bad Debt? Another common concern is that reverse mortgages are simply “bad debt.” But Accola points out that not all debt functions the same way. Most people would not have been able to build wealth through homeownership if they had waited until they could pay for their first house in cash. A traditional mortgage often allows families to purchase a home, build equity, and create long-term stability. Of course, some debt can be dangerous. Credit card debt, high-interest loans, and unnecessary consumer debt can quickly become burdensome. Proverbs 22:7 reminds us, “The rich rules over the poor, and the borrower is the slave of the lender.” That warning should lead us to approach debt with humility and caution. But a reverse mortgage is different from many other forms of debt because it does not require mandatory monthly payments. That feature may provide flexibility for retirees who are trying to manage cash flow, reduce pressure on investment accounts, or remain in their homes without selling. This does not mean a reverse mortgage is right for everyone. It simply means the question should not be answered by fear or assumptions alone. The better question is whether this tool serves wise stewardship in a specific family’s situation. Why Some Christians Feel Guilty For many believers, the hesitation is not only financial—it is spiritual. Some Christians have heard the message that being debt-free automatically makes someone more faithful or responsible. While there is great wisdom in eliminating unnecessary debt, that does not mean every form of debt is morally the same. Accola notes that many retirees still carry mortgage debt into retirement. In fact, many homeowners reach retirement age without having paid off their homes entirely. Others may own their homes but need additional income flexibility. In those situations, shame can become a barrier to wisdom. A retiree may think, “I should have done better,” or “I must not be faithful if I still have a mortgage.” But Scripture does not call us to make financial decisions out of guilt. It calls us to wisdom, prayer, counsel, and trust in God. Stewardship is not about maintaining the appearance of financial success. It is about faithfully managing what God has entrusted to us in this season. For some families, using home equity may be a prudent option. For others, it may not be. But either way, the decision should be made with clarity, not shame. A Tool, Not a One-Size-Fits-All Solution A reverse mortgage should never be treated as a magic solution. It is a financial tool, and like any tool, it can be used wisely or unwisely. For some retirees, it may create breathing room in the budget. It may help them stay in their home. It may reduce the need to sell investments during a market downturn. It may also allow them to preserve other assets for longer. But there are also important considerations. Borrowers need to understand the costs, long-term implications, effect on heirs, and responsibilities that remain with the homeowner, such as taxes, insurance, and maintenance. That is why wise counsel is essential. Proverbs 15:22 says, “Without counsel plans fail, but with many advisers they succeed.” A reverse mortgage decision should involve qualified professionals, trusted family members, and careful prayer. It should also be considered as part of a broader retirement plan, not in isolation. Don’t Decide Based on Fear or Rumors Accola’s encouragement to listeners was simple: do not make financial decisions based on fear, rumors, or guilt. Instead, get accurate information. Talk with people you trust. Seek guidance from professionals who understand how reverse mortgages work today. And when appropriate, involve your family so they understand your thinking and your goals. A reverse mortgage is not right for everyone. But for some retirees, it may be a helpful part of a broader stewardship strategy. The key is understanding your options. Faithful stewardship does not mean refusing to consider every financial tool. It means asking wise questions, seeking trustworthy counsel, and making decisions that help you manage God’s resources with humility and care. For homeowners in retirement, that may include taking a fresh look at home equity—not as a source of security, but as one possible tool to support faithful living in the next season. Learn More If you’d like to learn more about whether a reverse mortgage could be a wise option for your situation, visit FaithFi.com/Movement. Movement Mortgage serves families in all 50 states and can help you understand how today’s reverse mortgages work, what safeguards are in place, and whether this tool may fit into your broader financial plan. That’s FaithFi.com/Movement. On Today’s Program, Rob Answers Listener Questions: I’m 31 and own five properties. I’ve renovated some myself and built significant equity, but most of my cash is tied up in the homes. Should I sell some properties to free up capital, or hold them, do cash-out refinances, rent them out, and benefit from appreciation and loan paydown? How should I decide between flipping and becoming a landlord? I’m 64 and still working. Because of our income, my wife and I are limited in how much we can contribute to Roth IRAs. I’ve heard about the backdoor Roth strategy. How does that work, and can the nondeductible IRA contribution go into an existing traditional IRA, or should it be a separate account? I’m trying to pay down my mortgage and a small loan faster. Is it better to make small extra principal payments each month or one larger principal payment once a year? Does it make much difference? I’m 72 and had about $31,000 in credit card debt. After years of disability and financial strain, I called Christian Credit Counselors and started a debt management plan. Now I’m on track to be debt-free in five years, have more usable income each month, and feel encouraged enough to give again. Is it normal to feel this much relief after starting a plan? I’m 61, married, and planning to retire at 67. I have an old employee trust fund with about $8,378 earning 7.5%, plus a traditional IRA with about $3,823. My husband thinks I should roll the trust fund into my IRA. Is that a good idea, especially since it’s currently earning 7.5%? Resources Mentioned: Faithful Steward: FaithFi’s Quarterly Magazine (Become a FaithFi Partner) Christian Credit Counselors Movement Mortgage Our Ultimate Treasure: A 21-Day Journey to Faithful Stewardship by Rob West Wisdom Over Wealth: 12 Lessons from Ecclesiastes on Money Look At The Sparrows: A 21-Day Devotional on Financial Fear and Anxiety Rich Toward God: A Study on the Parable of the Rich Fool Find a Certified Kingdom Advisor® (CKA) FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

    25 min
  2. The Life-Giving Potential of Wealth with Randy Alcorn

    1d ago

    The Life-Giving Potential of Wealth with Randy Alcorn

    What if giving is not losing at all, but investing in what lasts forever? Jesus tells us in Matthew 6:20 to “store up for yourselves treasures in heaven.” That one command reshapes the way we think about money, possessions, and generosity. Wealth can be dangerous when it owns us, but when it is surrendered to God, it can become a powerful tool for eternal good. Randy Alcorn, bestselling author and founder of Eternal Perspective Ministries (EPM), has spent decades helping Christians think biblically about money, possessions, generosity, and eternity. His message is both sobering and hopeful: wealth is a test, but it can also become a tool for God’s Kingdom. Money Reveals the Heart Money has a powerful influence on our spiritual lives because it reveals what we truly value. Jesus said in Matthew 6:21, “For where your treasure is, there your heart will be also.” The way we handle money is not separate from our discipleship. It shows what we trust, what we prioritize, and where our affections are directed. As Alcorn explains, money is not spiritually insignificant. It has power. Either it will serve God, or we will find ourselves serving it. That is why Scripture speaks so directly about the danger of loving money. In 1 Timothy 6:9–10, Paul warns that “those who desire to be rich fall into temptation, into a snare,” and that “the love of money is a root of all kinds of evils.” He goes on to say that some have wandered from the faith and pierced themselves with many griefs. Those are sobering words. Money is a good gift from God. It can provide for needs, bless families, support ministry, and help those who are suffering. But when it becomes the object of our trust or the center of our affections, it competes with God for our hearts. Wealth Is Both a Tool and a Test The danger of wealth is real, but it is not the whole story. Money surrendered to God can be used in deeply meaningful ways. It can help advance the gospel. It can meet practical needs. It can support Bible translation, provide clean water, help rescue those trapped in exploitation, care for the vulnerable, and strengthen the work of the local church. Money is not the source of transformation—God is. But God often uses the resources of His people to accomplish His purposes in the world. That is why faithful stewardship begins with surrender. We come before the Lord and say, “This all belongs to You. What do You want me to do with it?” When wealth is surrendered to God, it loses its grip on our hearts and becomes an opportunity to participate in His redemptive work. Giving Is Investing in Eternity Jesus’ command to store up treasures in heaven reframes generosity. Giving is not merely parting with money. It is investing in what lasts. Alcorn compares this to investing in a company. When you own shares, you naturally begin to pay attention. You read the reports. You notice the headlines. Your interest follows your investment. The same principle applies spiritually. When we put our resources toward the things of God, our hearts begin to follow. If we want to care more deeply about our church, missions, the poor, or the work of the gospel, one practical step is to invest our time, energy, and money there. Generosity does not only bless the recipient. It reshapes the giver. It moves our hearts toward the Kingdom of God. Generosity Produces Joy In Acts 20:35, Paul reminds the Ephesian elders of Jesus’ words: “It is more blessed to give than to receive.” That does not mean giving is merely a duty. It means generosity leads to joy. The generous life reflects the heart of God, who gives freely and abundantly. Grace itself is rooted in God’s giving nature. When we give, we are not simply checking off a spiritual responsibility. We are participating in the generosity of God. That is why giving can loosen anxiety, deepen purpose, and bring joy. The world often defines “the good life” as having more, spending more, and pursuing personal comfort. But Scripture points us toward a better way. In 1 Timothy 6:18–19, Paul urges the wealthy “to do good, to be rich in good works, to be generous and ready to share,” so that they may “take hold of that which is truly life.” The good life is not found in accumulation. It is found in generosity. Defining Enough One of the most important steps in faithful stewardship is learning to define enough. Without a finish line, we can easily assume that every increase in income is meant to raise our lifestyle. But many of us already have more than we need. The question is not simply, “What can I afford?” but “What has God entrusted to me, and how does He want me to use it?” A financial finish line helps create margin for intentional Kingdom-focused generosity. It keeps accumulation from becoming automatic. It invites us to ask better questions about contentment, purpose, and eternal impact. Everything we own is temporary. Possessions wear out. Trends fade. What once felt essential can quickly become clutter. That does not mean material things are evil, but it does mean they cannot bear the weight of our hope. Giving helps break the hold that money and possessions can have on our hearts. Giving Is Not Losing Wealth is both a tool and a test. When we cling to it, it can pull us away from dependence on God. But when we surrender it, money can become a means of worship, service, and eternal investment. Generosity reminds us that God is our ultimate treasure. It trains our hearts to trust Him. It frees us from the illusion that more money will finally make us secure. And it allows us to participate in the work God is doing in the world. Giving is not losing. In the Kingdom of God, giving is investing in what lasts forever. On Today’s Program, Rob Answers Listener Questions: I live in a 55-plus community in a manufactured home on leased land. We own the home but not the land, which belongs to the community owner. Would a reverse mortgage be possible in this situation, or would a manufactured home on leased land qualify? I have both a traditional IRA and a Roth IRA for retirement, but I’m not retired yet. Why am I required to take RMDs from my IRA at age 72 or 73, even if I’m still working? Do Roth IRAs have RMDs? And how much can my husband and I give through Qualified Charitable Distributions to help reduce taxes? Resources Mentioned: Faithful Steward: FaithFi’s Quarterly Magazine (Become a FaithFi Partner) Money, Possessions, and Eternity by Randy Alcorn The Treasure Principle, Revised and Updated: Unlocking the Secret of Joyful Giving by Randy Alcorn Giving Is the Good Life: The Unexpected Path to Purpose and Joy by Randy Alcorn Eternal Perspective Ministries (EPM) Our Ultimate Treasure: A 21-Day Journey to Faithful Stewardship by Rob West Wisdom Over Wealth: 12 Lessons from Ecclesiastes on Money Look At The Sparrows: A 21-Day Devotional on Financial Fear and Anxiety Rich Toward God: A Study on the Parable of the Rich Fool Find a Certified Kingdom Advisor® (CKA) FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

    25 min
  3. Vocational Stewardship: Working for the Common Good with Dr. Amy Sherman

    2d ago

    Vocational Stewardship: Working for the Common Good with Dr. Amy Sherman

    Work is not merely a way to make a living. It is also one of the primary ways we love our neighbors. Whether you lead a company, teach a class, manage a home, serve in your church, care for children, volunteer in your community, or invest resources for the future, God has entrusted you with influence. That influence is not accidental. It is part of your stewardship. We often think of stewardship in financial terms—and rightly so. But God has given us more than money to steward. He has also entrusted us with skills, relationships, opportunities, knowledge, experience, and influence. Dr. Amy Sherman has spent years helping Christians see their daily work as a means of seeking the common good and participating in God’s redemptive mission in the world. She calls this vocational stewardship—the faithful use of our work and influence to reflect God’s character, serve others, and contribute to the flourishing of the world around us. What Is Vocational Stewardship? Vocational stewardship begins with the recognition that our work is a gift from God. He has given each of us certain abilities, opportunities, networks, and positions of influence. Some of those gifts are expressed through paid employment. Others are expressed through volunteering, homemaking, caregiving, mentoring, leadership, or service. In every case, the question is the same: How can I use what God has entrusted to me for His purposes? Our work is not simply a platform for earning income. It is a platform for reflecting the kingdom of God. It is one of the places where discipleship becomes visible. That means vocational stewardship is not limited to pastors, missionaries, or people in explicitly ministry-related roles. It applies to business owners, teachers, nurses, engineers, artists, parents, retirees, tradespeople, administrators, and everyone else seeking to serve God faithfully where He has placed them. Wherever we are, God invites us to ask: How can my work help others experience something of His goodness, justice, beauty, compassion, and care? More Than Integrity at Work Faithful work certainly includes character. Christians should be honest, dependable, compassionate, and hardworking. We should do our work with integrity, humility, and excellence. But vocational stewardship presses us to go a step further. It asks us not only to consider how we do our work, but also what our work contributes. What does my work make possible for others?  How does it affect employees, customers, clients, families, communities, or creation?  Does it contribute to healing, order, beauty, justice, provision, or human flourishing? Does it help people experience a small glimpse of what God intends for His world? These questions help us see work as part of God’s larger redemptive purposes. A Foretaste of God’s Kingdom Scripture gives us a beautiful picture of the future God is bringing about—a renewed creation where there is no more suffering, corruption, injustice, or death. God’s kingdom will be marked by peace, wholeness, abundance, community, intimacy with Him, and restored relationships. Vocational stewardship asks: How can my work today offer others a small foretaste of that coming reality? That may sound lofty, but it can become very practical. A business owner might create flexible schedules for employees who are single parents, allowing them to care well for their children. An architect might help clients choose safer building materials and energy-efficient designs that promote health and care for creation. A teacher might create a classroom where students feel seen, challenged, and encouraged. A manager might cultivate a workplace marked by fairness, dignity, and trust. These are not small things. They are glimpses of God’s kingdom breaking into ordinary places through ordinary faithfulness. Every Vocation Matters You may be working full-time, raising children at home, caring for aging parents, leading a company, serving in retirement, or volunteering behind the scenes. Whatever your situation, you have been entrusted with something. You have skills, wisdom, relationships, experience, and influence. Vocational stewardship is not about having a certain title. It is about asking, “Where has God placed me, and how can I use what He has given me to serve others?” That question can change the way we see daily life. Work becomes more than a task list. Leadership becomes more than authority. Parenting becomes more than a responsibility. Retirement becomes more than leisure. Investing becomes more than preparation for the future. All of life becomes an opportunity to reflect Christ. Investing as Vocational Stewardship Vocational stewardship also affects the way we think about money—especially investing. Many people view investing primarily as a way to grow wealth and prepare for the future. Those are legitimate concerns. Wise financial planning is part of good stewardship. But investing is also about deploying capital into companies that shape communities, culture, and the marketplace. When we invest, we are helping determine which companies grow and thrive. That means Christians can ask deeper questions about what their investments support. What does this company produce? How does it treat employees? Does it contribute to the well-being of communities? Does it view profit as a means of serving people, or as the ultimate goal? These questions do not eliminate the need for wise financial analysis. But they do remind us that investing is not morally neutral. Our financial decisions can reflect what we value and whom we seek to serve. For someone new to this idea, the first step is simple: become more aware of what you own. Look at the companies represented in your portfolio. Over time, consider whether your investments align with your values and contribute to the kind of world you believe honors God. Work as a Place of Discipleship God deeply cares about our work. Since we spend so much of our lives working, our discipleship must show up there, too. Our workplaces, homes, investments, and communities are not separate from our faith. They are places where we are formed into the image of Christ and where we can embody the good news of the gospel. That does not mean every workday will feel spiritually significant. Much of faithful stewardship looks ordinary: answering emails, making decisions, serving customers, preparing meals, managing employees, helping a neighbor, or showing up with patience when the work is hard. Every act of honesty, compassion, creativity, courage, justice, and service can become a way of reflecting God’s character. Faithfulness Where God Has Placed You Your work matters to God. He has placed you where you are for a reason, and He has given you work to do—not only for your provision, but also for the good of others. Vocational stewardship invites us to see our influence differently. Instead of asking only, “What can I earn?” we begin asking, “How can I serve?” Instead of viewing work only as a source of income, we begin to see it as a calling to love our neighbors. And as we do, even our ordinary work can become a glimpse of the world God is making new. On Today’s Program, Rob Answers Listener Questions: My father-in-law has EE savings bonds that matured in 2023 and are no longer earning interest. Because he has a substantial income, he’s considering giving us the bonds so we can cash them in and take on the tax liability instead. Is that allowed, and is it the best way to handle the bonds given his income and tax situation? My company is allowing us to move some 401(k) funds to private investment firms. I have about $1.1 million in my 401(k), and my advisor would charge around 1.99% to manage the funds. Would it be wise to move part of the money to my advisor, or should I keep it in the current 401(k) funds? Resources Mentioned: Faithful Steward: FaithFi’s Quarterly Magazine (Become a FaithFi Partner) Kingdom Calling: Vocational Stewardship for the Common Good by Amy L. Sherman Agents of Flourishing: Pursuing Shalom in Every Corner of Society by Amy L. Sherman Our Ultimate Treasure: A 21-Day Journey to Faithful Stewardship by Rob West Wisdom Over Wealth: 12 Lessons from Ecclesiastes on Money Look At The Sparrows: A 21-Day Devotional on Financial Fear and Anxiety Rich Toward God: A Study on the Parable of the Rich Fool Find a Certified Kingdom Advisor® (CKA) FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

    25 min
  4. Seeking Wise Counsel

    3d ago

    Seeking Wise Counsel

    Some of the costliest financial mistakes are made in isolation. When big decisions come our way, pride and pressure can convince us that we need to figure everything out ourselves. But God designed us to walk in community, and His wisdom often comes through trusted voices. Seeking wise counsel is not a sign of weakness—it is a key part of faithful stewardship. Have you ever faced a financial decision that felt heavier than your confidence could carry? Maybe it was whether to buy a home. Perhaps it was changing careers, helping aging parents, navigating a difficult season in marriage, or deciding how to prepare for retirement. In those moments, the questions come quickly: What if I get this wrong? What if I overlook something important? What if I regret this later? And often, beneath all of those questions is the assumption that you should be able to figure it out by yourself. But God never intended for you to walk through life’s biggest decisions alone. Wisdom Often Comes Through Community One of the clearest themes in Scripture is that wisdom often comes through community. Proverbs 11:14 says, “Where there is no guidance, a people falls, but in an abundance of counselors there is safety.” That is not only a proverb about leadership. It is a principle for everyday life—including our finances. Sometimes we think wisdom is found only in personal research, spreadsheets, calculators, or online content. Those tools can certainly be helpful. But biblical wisdom is more than information. It includes discernment, humility, perspective, and the willingness to receive insight from others. That is why Proverbs 12:15 says, “The way of a fool is right in his own eyes, but a wise man listens to advice.” Notice the contrast: foolishness is not always recklessness. Sometimes it is simply refusing to listen. Wisdom begins when we acknowledge that we may not see the whole picture. And that takes humility. Humility Opens the Door to Wisdom Proverbs 9:10 tells us, “The fear of the Lord is the beginning of wisdom.” To fear the Lord means recognizing that God is God and we are not. We submit our plans, our preferences, and even our financial assumptions to Him. We stop asking only, “What do I want to do?” and begin asking, “Lord, what would You have me do?” That kind of humility also opens us to receive the people God may use in our lives. Sometimes that person is a mentor who has walked through a season you are now entering. Sometimes it is a trusted friend who knows you well enough to ask hard questions. Sometimes it is an older believer whose experience can spare you from avoidable mistakes. And sometimes it is a professional advisor who brings technical expertise shaped by biblical values, such as a Certified Kingdom Advisor® (CKA®). But ignoring wise voices can have destructive consequences. Rehoboam’s Warning Scripture gives us a sobering example in Rehoboam, the son of Solomon. In 1 Kings 12, when Rehoboam became king, the people asked him to lighten the heavy burdens placed on them. At first, he sought counsel from the older men who had advised his father. They urged him to lead with humility and serve the people. But Rehoboam rejected their wisdom. Instead, he turned to younger voices that echoed his pride and ambition. Their advice was simple: be harsher, be stronger, demand more. He followed their counsel, and the result was devastating. The kingdom was split in two. What began as a leadership decision became a national tragedy. Why? Because Rehoboam preferred affirmation over wisdom. He chose voices that told him what he wanted to hear instead of what he needed to hear. That temptation is still with us today. Wise Counsel Does More Than Validate Us When making financial decisions, we can easily look for voices that justify our desires, reinforce our fears, or confirm what we have already decided. But wise counsel does not merely validate us. It helps us see what we cannot see on our own. Sometimes, wise voices serve as guardrails. They keep us from drifting into the ditches of greed, fear, impulsiveness, or self-reliance. They help us slow down, think clearly, and align our choices with God’s purposes. That may mean someone helps you recognize that a purchase is moving too quickly. It may mean an advisor helps you see the long-term impact of a financial decision. It may mean a trusted friend reminds you that generosity, contentment, and faithfulness matter just as much as the numbers. Ultimately, wise counsel leads to wiser decisions. Don’t Carry the Decision Alone So, what financial decision are you carrying right now? Maybe it is time to stop carrying it alone. Ask God to show you who He has already placed around you. Make a list of trusted people you can reach out to. Invite wise voices into your decision-making process. Do not isolate. Do not assume asking for help is a weakness. Often, it is one of the strongest acts of stewardship you can make. Faithful stewardship is not just about making the right financial choice. It is about making decisions with humility, wisdom, and dependence on God. And one of the ways God often gives us wisdom is through the people He places around us. If you would like to explore this idea further, you can read more in our new devotional, Our Ultimate Treasure: A 21-Day Journey to Faithful Stewardship. Order your copy today at FaithFi.com/Shop. On Today’s Program, Rob Answers Listener Questions: My identity was stolen about five years ago, and I’m still receiving notices for debts and accounts I never opened. I’ve frozen my credit and disputed the fraudulent charges, but banks and lenders continue turning me down. What else can I do to clean this up? I receive Social Security and a pension. How should I think about giving tithes and offerings from that income? My wife owes me a little over $40,000 from a 0% loan I gave her to help save her late mother’s house from foreclosure. We put the agreement in writing, but the repayment period has long passed, and she would have to wipe out her retirement to repay me. I can afford to forgive the loan, but she hasn’t asked for forgiveness. From a biblical and marital standpoint, should I forgive it anyway? What’s the difference between a living trust and a will, and how do I know which one is better for my estate plan? Resources Mentioned: Faithful Steward: FaithFi’s Quarterly Magazine (Become a FaithFi Partner) IdentityTheft.gov (Federal Trade Commission) Equifax | TransUnion | Experian LastPass | 1Password | iCloud Keychain Our Ultimate Treasure: A 21-Day Journey to Faithful Stewardship by Rob West Wisdom Over Wealth: 12 Lessons from Ecclesiastes on Money Look At The Sparrows: A 21-Day Devotional on Financial Fear and Anxiety Rich Toward God: A Study on the Parable of the Rich Fool Find a Certified Kingdom Advisor® (CKA) FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

    25 min
  5. Receiving Eternal Rewards

    6d ago

    Receiving Eternal Rewards

    Pastor Rick Warren once said, “The way you store up treasure in heaven is by investing in getting people there.” That’s a powerful statement—and it raises an important question: What does it really mean to store up treasure in heaven? Jesus speaks directly to this in Matthew 6:20, where He says, “Lay up for yourselves treasures in heaven, where neither moth nor rust destroys and where thieves do not break in and steal.” That word “treasure” is striking. In Greek, the word is thēsauros—the same root from which we get the word “treasury.” It describes something stored safely for the future. But Jesus isn’t describing a spiritual savings account filled with gold and silver. He’s pointing to the lasting fruit of a life lived in alignment with God’s Kingdom. Notice that Jesus doesn’t say, “Don’t have treasure.” He says, “Store your treasure in heaven.” In other words, what we invest in God’s purposes today carries eternal significance. What Are Eternal Rewards? In 1 Timothy 6:18–19, Paul writes that believers 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.” That final phrase matters: “that which is truly life.” The reward is not merely something we receive later. It is the fullness of life that comes from walking in step with Christ—now and forever. The early church understood this well. Augustine wrote in The City of God, “God Himself, who is the author of virtue, shall there be its reward, for as there is nothing greater or better, He has promised Himself.” In other words, the greatest reward of eternity is not something we possess, but Someone we know. That is the heart of eternal rewards: deeper fellowship with God, fuller participation in His Kingdom, and the joy of seeing His work unfold through our lives. Money Reveals What We Treasure This is where our finances come in. Jesus often connected money to an eternal perspective because it reveals what we value. When we give generously, serve faithfully, and steward wisely, we are investing in something that lasts beyond the temporary. We are declaring that our hope is not in wealth, comfort, or control, but in God Himself. In Luke 16:11, Jesus says, “If then you have not been faithful in the unrighteous wealth, who will entrust to you the true riches?” In other words, how we manage earthly resources reflects whether our hearts are ready for something far greater. Every act of generosity, every decision to trust God rather than money, every sacrifice made for His Kingdom becomes part of a story that continues into eternity. God’s Rewards Are Gifts of Grace Here’s the beautiful truth: God’s rewards are never wages. They are gifts. Scripture does not teach that we earn God’s favor through generosity or faithful stewardship. Rather, God rewards His people because He is generous in grace. He chooses to reward the very faithfulness He produces in us. That reveals something remarkable about our Father. No matter what we have or do not have in this world, because we belong to Him, He promises to entrust us with the true riches of His Kingdom. That is what it means to store up treasure in heaven. Instead of investing everything in what is temporary, we place our lives, our resources, and our trust into the hands of the One who is the very source of heaven and earth. It’s not about building a spiritual portfolio. It’s about orienting our hearts toward God Himself. Living Today in Light of Eternity Life with God has never been about accumulating more. It has always been about knowing Him, trusting Him, and sharing in His purposes. So the real question is not, “What do I get in heaven?” The better question is, “How can I live today in light of eternity?” Because one day, every faithful steward will hear the words Jesus spoke in Matthew 25:21—words that will fill every believer’s heart with awe and joy: “Well done, good and faithful servant. Enter into the joy of your master.” A Resource to Help You Live with Eternal Perspective If you’ve ever wondered how to live with that kind of eternal perspective day by day, we walk through it in our new devotional, Our Ultimate Treasure: A 21-Day Journey to Faithful Stewardship. It’s designed to help you view every part of your financial life—saving, giving, planning, and investing—through the lens of eternity as you learn to treasure Christ above all else. You can pick up your copy today, or place a bulk order for your church or small group, at FaithFi.com/Shop. On Today’s Program, Rob Answers Listener Questions: I have an old individual retirement account that was purchased in 1987 and matured in 1990. I’ve been receiving letters from agencies offering to help me cash it out for a fee, but I still have the original receipt. What’s the best way to access the money? Can I transfer it to another traditional IRA or convert it to a Roth? I’m calling on behalf of my daughter about my two-year-old granddaughter. They’d like to set aside about $1,000 a year until she’s 18 or 20, but they’re unsure whether to use a 529 in case she doesn’t attend college. They also want to be careful about putting money directly in the child’s name. What’s the best way to invest and structure this? I have about $4,300 in debt, including $4,000 on a credit card. What’s the best way to handle it—should I use a balance transfer card or take a loan from my 401(k)? I have about $1,000 of extra margin each month. My emergency fund is fully funded, and I’ve paid off all consumer debt except my home. Should I use that extra money to invest more, give more, or pay down my mortgage faster? Resources Mentioned: Faithful Steward: FaithFi’s Quarterly Magazine (Become a FaithFi Partner) The Treasure Principle, Revised and Updated: Unlocking the Secret of Joyful Giving by Randy Alcorn Christian Credit Counselors (CCC) Sound Mind Investing (SMI) Our Ultimate Treasure: A 21-Day Journey to Faithful Stewardship by Rob West Wisdom Over Wealth: 12 Lessons from Ecclesiastes on Money Look At The Sparrows: A 21-Day Devotional on Financial Fear and Anxiety Rich Toward God: A Study on the Parable of the Rich Fool Find a Certified Kingdom Advisor® (CKA) FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

    25 min
  6. The Church’s Response to Crisis in Lebanon with Camille Melki

    May 28

    The Church’s Response to Crisis in Lebanon with Camille Melki

    Imagine if a quarter of our country suddenly had to flee their homes—unsure where they would sleep, how they would eat, or what tomorrow might bring. That is the kind of crisis many families in Lebanon are facing today. Innocent men, women, and children are caught in the middle of another humanitarian disaster, and the needs are urgent. But even in the pain and uncertainty, God is opening doors for His people to bring practical help and the hope of Christ. This quarter, FaithFi is partnering with Heart for Lebanon, a trusted ministry serving families on the ground with food, shelter, trauma care, and gospel-centered support. Camille Melki, co-founder and CEO of Heart for Lebanon, joined us today to share what families are experiencing—and how believers can respond. A Ministry Born in Crisis Camille knows the pain of war personally. He was just nine years old when Lebanon’s brutal 15-year civil war began in 1975. His wife, Hoda, was eight. Decades later, in 2006, another conflict led them to launch Heart for Lebanon. The mission was clear from the beginning: to move people from despair to hope in Christ. Today, Lebanon’s situation remains complicated and heartbreaking. Families from different religious and ethnic backgrounds are being displaced and forced into unfamiliar communities. Many have lost homes, loved ones, and any sense of security. Yet Camille sees something else as well: a bold opportunity to share the gospel with people who may never have had access to it before. As he put it, while innocent civilians continue to pay the highest price, “the mission of the church is still the same.” Families Facing Fear, Loss, and Trauma Many families in Lebanon have been displaced more than once. They are living with broken infrastructure, overwhelmed systems, and the emotional weight of war. Children, especially, are carrying deep trauma from what they have seen and heard. Camille shared the story of Gaia, a woman from Syria who had fled war with her husband and daughter and settled in southern Lebanon. She and her family came to faith through Heart for Lebanon’s Hope Evangelical Church. Then the violence reached their neighborhood. Gaia had just spoken with her neighbors before lunch. Minutes later, those neighbors were killed in attacks. Her home was badly damaged, and she and her husband—who is terminally ill with cancer—were injured. When Heart for Lebanon’s team finally reconnected with Gaia, and she was able to return to church, she said that hearing the Word of God made the heavy burden on her heart feel lighter. The fear had not disappeared completely, but she no longer felt alone. Through Heart for Lebanon, she experienced the tangible love of Christ. Caring for Children in the Shadows of War Heart for Lebanon also works with children through its Children at Risk programs. One of the ministry’s leaders, Freddy, described how thousands of children are living in the shadows of war. Hallways once meant for learning have become shelters. Children have seen things no child should ever have to witness. The ministry responds with trauma-informed care through play, art, listening, and prayer. The goal is not merely to provide temporary relief, but to help children process fear and experience the peace of Christ. Camille shared the story of Ahmad, a 10-year-old Kurdish boy living in Lebanon with his parents, who recently came to know the love and hope found in Jesus. The sounds of rockets and explosions filled Ahmad with fear, especially for his 10-month-old brother. Whenever he heard missiles nearby, he would try to protect the baby with his small hands. His mother encouraged him through God’s promises and prayed with him. Ahmad said he still sometimes remembers the sounds, but now he prays instead of panicking. Remembering that Jesus is with him helps him feel safer. Camille also shared that Yasmin, a third-grade student, did not miss a single day of prayer during the war. She prayed for her younger siblings and reminded them of Jesus’ suffering, death, and resurrection. Her faith helped her encourage others in the middle of fear. Meeting Physical, Emotional, and Spiritual Needs One of the distinctives of Heart for Lebanon is its commitment to care for the whole person. Camille explained that poverty exists on three levels: physical, emotional, and spiritual. That means the ministry provides essentials such as food packages, mattresses, pillows, blankets, and hygiene kits. But those physical gifts are only the beginning. Heart for Lebanon’s team also takes time to listen to families’ stories, pray with them, share Scripture, and build relationships of trust. Camille described this movement as going from transactional care to relational care—and then to transformational care. When trust is built, the door opens for gospel conversations. Families who have never heard the good news of Jesus are introduced to the hope found in Him. Many come from Muslim backgrounds—Kurds, Sunnis, and Shias—but Camille emphasized that what matters most is not who they were before Christ, but who they are in Him. How Your Gift Can Help Heart for Lebanon is currently serving more than 2,000 displaced families, many of whom were forced from their homes in southern Lebanon. A gift of $90 can help provide a full month of support for one displaced family, including food, bedding, hygiene supplies, compassionate care, and gospel-centered support. FaithFi’s goal is to help reach 275 displaced families. A gift of $180 could help two families. A gift of $450 could help five. This is a meaningful opportunity to serve families who have lost nearly everything and to help open the door to lasting hope in Christ. To give, text FAITH to 98656, or visit FaithFi.com/Lebanon. A Time to Give Generously In times of crisis, the church has an opportunity to become a living witness to the compassion of Christ. Families in Lebanon need food, shelter, safety, and care—but above all, they need the hope of the gospel. Through Heart for Lebanon, believers can help meet urgent needs while pointing families to the One who never leaves or forsakes His people. Give generously today at FaithFi.com/Lebanon. On Today’s Program, Rob Answers Listener Questions: I have property in South Carolina that I’d like to sell, and I’m looking for a Christian realtor to help. After the sale, I’d like to give about 90% of the proceeds to charity. Who would you recommend to help me handle this wisely? I have investments and a financial advisor, and we’re meeting soon. I heard you discuss aligning investments with biblical values. Where can I find a resource to help me evaluate whether my current companies or funds reflect those values? I inherited my mom’s home through a Lady Bird deed and recently sold it. I have three questions: Where should I consider investing the proceeds, and are annuities a good option? Will I owe capital gains tax? And how should I think about tithing on this money? Resources Mentioned: Faithful Steward: FaithFi’s Quarterly Magazine (Become a FaithFi Partner) Heart for Lebanon National Christian Foundation (NCF) List of Faith-Based Investment Funds Our Ultimate Treasure: A 21-Day Journey to Faithful Stewardship by Rob West Wisdom Over Wealth: 12 Lessons from Ecclesiastes on Money Look At The Sparrows: A 21-Day Devotional on Financial Fear and Anxiety Rich Toward God: A Study on the Parable of the Rich Fool Find a Certified Kingdom Advisor® (CKA) FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

    25 min
  7. From Accumulation to Impact with Cody Hobelmann

    May 27

    From Accumulation to Impact with Cody Hobelmann

    “Abundance isn’t God’s provision for me to live in luxury; it’s His provision for me to help others live.” That line from Randy Alcorn captures the heart behind a financial finish line. When God entrusts us with more, the question is not simply, “How much can I keep?” but “How much can I use for His purposes?” Cody Hobelman, Certified Financial Planner and Certified Kingdom Advisor, joined the show today to share how that question became deeply personal in his own life. Along with his brother Keelan, Cody contributed to FaithFi’s new Field Guide, How Much Money Is Enough? But before he taught others how to set a financial finish line, he had to wrestle with it in his own context. The Early Pull of Accumulation Early in his career, Cody’s view of money was much like that of many people. He wanted a large income, growing wealth, and the kinds of opportunities that seemed to promise happiness and success—perhaps vacation homes, financial freedom, and a comfortable lifestyle. Those goals were not unusual. Many people begin their careers with an eye toward building, earning, and accumulating. But over time, Cody began to sense that something was missing. After college, he returned to church and began reading Scripture for himself. What stood out to him was how often Jesus spoke about money. Those passages began to reshape the way he viewed his role in managing what God had entrusted to him. When Obedience Begins to Reshape the Heart At the end of 2016, Cody’s church went through a series on managing money biblically. At the conclusion, the congregation was invited to commit to tithing in the coming year. After prayer and conversation with his wife, Steph, Cody decided to begin giving 10% of his income to the church in 2017. That step mattered. It was his first move into intentional giving. He began to see that not every dollar he earned had to serve his own lifestyle. God gives resources with purpose, and giving helped Cody begin to discover that purpose. But as he later reflected, his generosity at that stage still felt like “checking the box.” He was giving, but accumulation remained the deeper goal. Tithing became a generous layer atop a life still largely centered on earning, comparing, and building more. He realized he was trying to serve both God and money. The Question That Changed Everything In 2020, Cody’s brother Keelan invited him to consider a simple but life-altering question: “How much is enough?” In other words, if God provided more income over the course of his career—or even in a single year—how would Cody know how much was enough to spend on his own lifestyle? And how could he create margin so that additional resources could be used for God’s purposes? At first, Cody resisted the conversation. But he could not escape the realization that he was still at the center of his financial world. So he and Steph accepted the challenge. They chose a number that represented a reasonable level of lifestyle spending for a season. That number became their first financial finish line. A financial finish line is a cap on lifestyle spending. Once that line is set, anything beyond it can be directed toward generosity, debt reduction, ministry, or other God-honoring purposes. A Finish Line Before the Increase Interestingly, Cody and Steph set their first finish line when their income was still below that number. Steph was in graduate school, Cody was early in his career, and they still had student loans. They were also hoping to buy a home. So the finish line was not immediately restrictive. It was more future-oriented. But that decision prepared their hearts before additional income arrived. Not long after, Steph graduated and began working full-time. Cody also received a raise. Suddenly, the finish line was no longer theoretical—it was practical. Because they had done the hard work of prayer, conversation, and planning before the increase in income, they already knew what to do. Their finish line helped them avoid simply expanding their lifestyle to match their income. Paying Down Debt to Free Up Generosity At the time, Cody and Steph still had debt. But their growing vision for generosity changed the way they saw it. Rather than viewing debt simply as a financial inconvenience, they began to see it as an obstacle to giving as they wanted to. So even within their finish line, they chose to live on less than they could have in order to prioritize paying down debt. The goal was not merely to become debt-free for their own comfort. It was to remove barriers that limited their ability to participate in what God was doing. From Scorecard to Stewardship Setting a financial finish line changed Cody and Steph’s day-to-day life. For the first time, Cody said he truly experienced contentment. He could honestly say, “We have enough.” That contentment reshaped their conversations about money. Instead of asking only what they could afford for themselves, they began asking what God might be inviting them to do for others. They also created a separate “kingdom account,” moving money into a dedicated giving account. Eventually, they used a donor-advised fund as well. That separation clarified the purpose of the money and helped guard against the temptation to use it for their own lifestyle. Money became a tool, not a scorecard. Before setting a finish line, even giving could feel like something to measure or compare. Afterward, generosity became more about obedience, surrender, and availability. Living With God, Not Merely For God Looking back, Cody says the finish line helped him trust God more deeply. It changed the way he viewed work, provision, and the future. Rather than constantly asking, “Will there be enough?” he began asking, “What would God have us do right now?” That shift moved generosity from a financial category into a way of life. It became part of listening to God, responding to Scripture, and attending to the needs around him. How to Take the First Step For someone who feels drawn to the idea of a finish line yet intimidated by it, Cody offers simple encouragement: start with a trial period. You do not have to choose the perfect number. You do not have to answer every “what if” before you begin. Start with three or six months. Choose a reasonable level of spending for your family, your season, and your location. Then see what God reveals as you take the next step. A finish line is not necessarily a one-time decision. It can be revisited and adjusted as life changes. The point is not rigidity—it is intentionality. When we define enough, we are not limiting our lives. We are creating space for greater clarity, contentment, and generosity. God’s provision is not merely something to consume. It is something to steward. And when we stop asking only, “How much can I keep?” we become free to ask a far better question: “Lord, how do You want me to use what You’ve entrusted to me?” FaithFi’s new Field Guide, How Much Money Is Enough?, is designed to help you begin that journey and set your own financial finish line. You can receive your copy when you become a FaithFi Partner by giving $35 a month or $400 a year by May 31st. Learn more at FaithFi.com/Give. On Today’s Program, Rob Answers Listener Questions: I’ve saved about $2,000 for my 11-year-old grandson by setting aside about $1 a day. He’s interested in the stock market, but I don’t know much about investing. Where could I put this money so it has a chance to grow, and is $2,000 enough to get started? Resources Mentioned: Faithful Steward: FaithFi’s Quarterly Magazine (Become a FaithFi Partner) Fidelity Go® | Schwab Intelligent Portfolios® Our Ultimate Treasure: A 21-Day Journey to Faithful Stewardship by Rob West Wisdom Over Wealth: 12 Lessons from Ecclesiastes on Money Look At The Sparrows: A 21-Day Devotional on Financial Fear and Anxiety Rich Toward God: A Study on the Parable of the Rich Fool Find a Certified Kingdom Advisor® (CKA) FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

    25 min
  8. Why Debt Management is Better with Neile Simon

    May 26

    Why Debt Management is Better with Neile Simon

    If you’re drowning in debt and someone offers a lifeline, make sure it’s not really an anchor. When debt feels overwhelming, it’s natural to look for a way out. And there are several options that sound helpful at first: debt consolidation, debt settlement, and debt management. But while those terms are sometimes used interchangeably, they are not the same—and they can lead to very different outcomes. Neile Simon, a Certified Credit Counselor with Christian Credit Counselors (CCC), joined the show today to explain the differences and help listeners understand which approach best reflects both financial wisdom and biblical responsibility. Debt Consolidation: A Quick Fix With Real Risks Debt consolidation is often appealing because it rolls multiple debts into one new loan. Instead of making several payments to different creditors, you make one payment on the consolidation loan. That may sound simpler and, in some cases, reduce confusion. But Neile explains that these loans often come with interest rates between 15% and 22%, depending on your credit score. And while consolidation may feel like a fresh start, it does not necessarily solve the deeper problem. The biggest risk is that consolidation allows you to keep your credit card accounts open. If spending habits don’t change, many people end up running up new credit card balances while still owing on the consolidation loan. In other words, consolidation can turn one debt problem into two. Proverbs 13:11 says, “Wealth gained hastily will dwindle, but whoever gathers little by little will increase it.” Debt freedom usually doesn’t come through a quick fix. It comes through steady, faithful steps over time. Debt Settlement: A Dangerous Path Another option people often hear about is debt settlement. These companies typically promise to negotiate with creditors so you can pay less than the full amount owed. But Neile warns that debt settlement can be misleading and financially damaging. In many cases, debt settlement companies require you to stop paying your creditors. That means your credit may be severely damaged, and the impact can be almost as serious as bankruptcy. There are other consequences as well. Any forgiven debt may be treated as taxable income, and you may receive a 1099-C at the end of the tax year. In addition, after a period of nonpayment, creditors may pursue legal action, which could result in liens on property or wage garnishment, depending on your state. For Christians, there’s also a biblical concern. Psalm 37:21 says, “The wicked borrows but does not pay back.” While every situation requires wisdom and compassion, Scripture calls us to take responsibility for what we owe whenever it is in our power to do so. Debt Management: A More Faithful Way Forward Debt management is different from both consolidation and settlement. Through a credit counseling agency like Christian Credit Counselors, you can enroll in a debt management program that helps you repay your debts in full while often reducing your interest rates and monthly payments. Instead of taking out a new loan, you make a single monthly payment to the credit counseling agency, which distributes it to each creditor in the program. The goal is not to avoid the debt, but to pay it back in a structured and manageable way. Neile explains that interest rates through a debt management program may range from 1% to 12% APR, allowing many people to pay off debt much faster. One important thing to know is that creditors typically close the accounts you enroll in the program. However, you are not required to enroll every account. That can actually be a benefit. Closing accounts helps break the cycle of relying on credit and builds new habits of spending, saving, and stewardship. Proverbs 3:27 says, “Do not withhold good from those to whom it is due, when it is in your power to do it.” Debt management reflects that principle by helping people honor their debts while finding a sustainable path forward. Why Debt Management Is Often the Best Option Debt management is often the preferred solution because it addresses both the financial and behavioral sides of debt. It lowers interest rates and simplifies payments, but it also requires a change in habits. That matters because debt freedom is not just about reducing balances. It’s about learning to live differently going forward. The team at Christian Credit Counselors begins with education and offers a free consultation to help people understand their options. They also approach debt repayment from a biblical perspective, offering prayer, encouragement, and support along the way. For anyone feeling overwhelmed by debt, the first step is not to panic. It’s wisdom. Get the facts, understand the differences, and choose a path that helps you repay what you owe while building healthier financial habits for the future. To learn more, visit FaithFi.com/CCC. On Today’s Program, Rob Answers Listener Questions: I know you’re not generally a fan of annuities, but I have a diversified portfolio—about $1.3 million in IRAs and a 401(k), plus about $200,000 in liquid assets. If my five-year annuity matures and I roll the full amount into another annuity without taking withdrawals, will I owe taxes on that rollover? I’ve saved enough to cover about four or five years of living expenses, and we have no debt. Should I live off those savings before tapping into retirement benefits, or preserve them and start drawing from retirement now? I’m considering converting $575,000 from my traditional IRA to a Roth IRA over five years and paying the taxes as I go. Once the money is in the Roth and meets the five-year rule, will future interest and gains be tax-free? I have a 10-year HVAC service contract that costs about $41 a month and includes spring and fall maintenance visits, though service calls still have a fee. Since I already have a 10-year manufacturer’s warranty on major components, is this service contract worth keeping? I’ve been with my employer for 44 years, am moving to part-time, and plan to retire fully in August. I have about $500,000 in my 401(k), recently started Social Security at 65, and am still contributing. Should I roll part of my 401(k)—maybe $100,000—into an IRA now for supplemental income, or wait until later? And should I keep it with Empower or move it to Fidelity, Vanguard, or Schwab? Resources Mentioned: Faithful Steward: FaithFi’s Quarterly Magazine (Become a FaithFi Partner) Christian Credit Counselors (CCC) Our Ultimate Treasure: A 21-Day Journey to Faithful Stewardship by Rob West Wisdom Over Wealth: 12 Lessons from Ecclesiastes on Money Look At The Sparrows: A 21-Day Devotional on Financial Fear and Anxiety Rich Toward God: A Study on the Parable of the Rich Fool Find a Certified Kingdom Advisor® (CKA) FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God’s resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

    25 min
4.8
out of 5
138 Ratings

About

Faith & Finance is a daily radio ministry of FaithFi, hosted by Rob West, CEO of Kingdom Advisors. At FaithFi, we help you integrate your faith and financial decisions for the glory of God. Our vision is that every Christian would see God as their ultimate treasure. Join Rob and expert guests as they give biblical wisdom for your financial journey and provide practical answers to your pressing financial questions. From budgeting and debt management to investing and stewardship, Faith & Finance equips listeners with insights to handle money wisely and live generously for God's Kingdom. Listen now or ask your question live by calling 800-525-7000 each weekday from 10-11 a.m. ET on American Family Radio and 4-5 p.m. ET on Moody Radio. You can learn more at FaithFi.com.

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