Faith & Finance

Christians are generous people, as God calls us to be. That means we must also be discerning.We should always give with our hearts out of a passion for advancing God’s Kingdom, but we must also use our heads to strategically choose which organizations or causes receive our financial support. Ron Blue joins us today with some advice before you write that check.Ron Blue, co-founder of Kingdom Advisors and author of numerous books on biblical personal finance, offers valuable insights into how we can give effectively to ministries. Drawing from his book Splitting Heirs: Giving Your Money and Things to Your Children Without Ruining Their Lives, he provides a strategic approach to ensure our giving is impactful and aligned with God's work. Here are seven critical questions to consider before financially supporting a ministry.1. Are the Leaders Marked by Godly Characteristics?When choosing to support a ministry, the first thing to examine is the character of its leaders. Christian leaders—whether they are pastors, missionaries, or heads of organizations—should be men and women of integrity, vision, and, most importantly, a growing relationship with Jesus Christ. If you can't trust the leaders, it's a clear sign that you should reconsider your support.2. Is the Ministry Active in God’s ‘Hot Spots’?Some ministries create programs and plans without aligning them with God’s work. Instead of assuming that God will bless good intentions, effective ministries actively seek to participate in areas where God is already working. Supporting ministries that follow God’s leading ensures your contributions are used where they will make the most significant impact.3. Is the Ministry Innovative?A healthy ministry isn't stagnant. It should be innovative—willing to create, experiment, and challenge the status quo while remaining true to its biblical principles. Look for ministries that pursue new methods and approaches, turning short-term opportunities into long-term growth. These ministries often see and act on possibilities that others might overlook.4. Is the Ministry Growing and Cooperative?Effective ministries continuously grow and make measurable progress toward their goals. Leaders with a clear sense of purpose and vision inspire donors to support their work. Additionally, strategic ministries are willing to collaborate with like-minded organizations and churches. By pooling resources, they achieve greater impact, breaking down denominational barriers and working together for the Kingdom.5. Is the Ministry Goal-Oriented?Ministries should have a clear sense of what God has called them to do and how to achieve it. Effective organizations maintain a laser focus on their goals and purpose. As a donor, it’s important to assess whether the ministry you’re supporting is committed to its mission and is actively working toward it.6. Is the Ministry Accountable?Accountability is essential in any ministry. Strategic ministries hold themselves and their staff accountable to meet established goals. This may come in the form of a strong board of directors, elders, or other leadership structures that ensure financial integrity and operational transparency. Always check if there are systems in place to ensure accountability within the organization.7. Is the Ministry Endorsed by a Strong Track Record?Finally, examine the ministry’s track record. The best predictor of future success is past performance. Instead of being swayed by eloquent appeals or effective fundraising, focus on the actual results the ministry has achieved. Review annual reports, visit the ministry’s website, and, if needed, request their IRS Form 990 to gain insight into their financial stewardship.By asking these seven questions, you can be confident that your giving is strategic, impactful, and aligned with God’s work. Giving should not be an emotional response but a thoughtful, prayerful decision grounded in biblical principles.On Today’s Program, Rob Answers Listener Questions:I'm on a variable income. I have plenty of work during the summer, but my income almost cuts in half during the winter. What should I do, and what resources are available to help me during that downtime?Our affluent church just received a $2.4 million unrestricted donation. It seems wasteful to just let the money sit, but I also don't feel right about not supporting the church. What are your thoughts?About three years ago, I saved up some money and bought about $15,000 worth of gold. Since then, I've saved another $10,000. I want to ensure I'm doing the right thing by buying gold and not leaving it sitting in a savings account at the bank. What are your thoughts on that?Resources Mentioned:Splitting Heirs: Giving Your Money and Things to Your Children Without Ruining Their Lives by Ron Blue with Jeremy WhiteLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich 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 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.

Are you worried about a recession? Some economists say there’s still a 35% chance it could happen in 2024.People often ask, “Will we have a recession?” The answer, of course, is “Yes.” We’ll always have another recession—the real questions are, “When?” and “Are you prepared for it?” If you’re not, now’s the time to get started.With the economy showing signs of slowing down, preparing yourself financially for a potential recession is essential. Here are seven practical steps to “recession-proof” your finances and help you navigate uncertain times:1. Check Your Credit Score and ReportsThe first step is to assess where you stand financially by checking your credit score and obtaining your credit reports. You can access free credit reports from Experian, TransUnion, and Equifax at AnnualCreditReport.com. This gives you a baseline to track any changes and helps you negotiate with creditors if needed, especially if you face temporary financial hardship.Having a history of on-time payments can work in your favor if you need to negotiate better terms in the future.2. Use the Mayday BudgetIn times of financial stress, focus on the essentials. The Mayday budget consists of four key categories:Food: Prioritize simple, affordable meals and avoid dining out.Housing: Make your mortgage or rent payment.Utilities: Ensure essential services like electricity and water are covered.Transportation: Keep your car running or pay for essential transportation.Once these are covered, any remaining funds can be allocated to other bills.3. Seek Additional ResourcesIf your unemployment benefits or savings run out, there are other resources available. Non-profit organizations and local government agencies often offer assistance programs. You can call 2-1-1 or visit 2-1-1.org to find services in your area.4. Communicate with CreditorsBe proactive with your creditors. Create a list of all your creditors and their contact information, and be prepared to call them if your financial situation worsens. Explain your situation in detail, providing pay stubs to show your reduced income, and ask if you can make partial payments or temporarily stop payments.Keep a record of every conversation and ask for any agreements in writing. This can prevent confusion and protect you from scams. Remember, legitimate creditors won’t ask for sensitive information over the phone or email.5. Get Professional Help with Credit Card DebtIf you’re struggling to keep up with credit card payments, seek help from non-profit organizations like Christian Credit Counselors. They can help lower your interest rates and consolidate multiple payments into one manageable amount. This form of debt management helps pay off debts faster without the risks associated with debt consolidation.6. Save as Much as PossibleBuilding up your emergency fund is critical during a recession. Aim to have 3 to 6 months of living expenses saved. This cushion can help cover essential costs like food, housing, and utilities during periods of unemployment or reduced income.7. Pray for WisdomFinally, don’t forget to pray. God promises in James 1:5 to give wisdom generously to those who ask. Pray for guidance in managing your finances, and trust that God will provide for you during difficult times.By following these steps, you can take meaningful action to protect your finances during a recession. Preparing in advance, maintaining open communication, and seeking God’s wisdom will help you navigate whatever financial challenges come your way.On Today’s Program, Rob Answers Listener Questions:Does the Bible speak about retirement at all? I’ve never read anything regarding it in Scripture besides referring to Levites and Priests.I'm reluctant to start shopping again for insurance, auto, and home. My premiums went up 31% this year, and I had just changed to another insurance company last year. I have no claims, and I just wondered if that seemed to be the pattern across the country or maybe for this region. Do you have any thoughts?My husband opted out of Social Security back in the 1980s. He's a pastor who works part-time. Now he's retired, and I wonder if he can get back into Social Security if he gets enough credits.My mom just passed away, and she left the house. She has a mortgage of $125,000 on it, and the loan is a VA loan. I don't know what to do with this property, so any advice would be greatly appreciated.Resources Mentioned:AnnualCreditReport.com211.orgChristian Credit CounselorsLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich 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 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.

God’s Word says a husband and wife become one flesh…but it doesn’t say anything about prenups.It’s true; you won’t find “prenuptial agreement” in your concordance. So, does that mean a Christian should never have one?God’s Design for Marriage: Oneness and CovenantA prenuptial agreement (prenup) is a legal contract that couples agree to before marriage, outlining how their assets—money, property, and other possessions—will be divided if they divorce. While this can seem like a practical way to handle complex financial conversations, many wonder if it aligns with God’s design for marriage.In Genesis 2:24, God sets the foundation for marriage: "A man leaves his father and mother and is united to his wife, and they become one flesh." Paul reinforces this principle in 1 Corinthians 7:4, reminding us that in marriage, even our bodies are not our own but belong to our spouse. This unity is central to God’s plan for a thriving marriage—there should be no "mine" or "yours," only "ours."Marriage is also a covenant relationship, reflecting the bond between Christ and His Church (Ephesians 5:31-32). This covenant is built on love, sacrifice, grace, and mutual respect. In a Christ-centered marriage, everything is shared, and the relationship becomes a testimony of God’s love to the world.Potential Issues with Prenups in Christian MarriagesWhile a prenup may seem practical, it can introduce harmful dynamics into a Christian marriage. Dr. Art Rainer, a frequent contributor to Faith and Finance, outlines three potential messages a prenup might send:Distrust in the Relationship: A prenup often signals that one partner feels the need to protect their assets, which can imply a lack of trust in the other person.Doubt About the Marriage’s Longevity: By preparing for a divorce before the marriage even begins, a prenup can suggest uncertainty about the commitment to "forever."One Partner Isn’t Fully Committed: In a biblical marriage, all things—finances included—are shared. A prenup can indicate that one partner is unwilling to fully embrace the oneness that God desires.Are There Legitimate Reasons for a Prenup?Despite these potential issues, there are scenarios where a prenup might foster unity rather than harm it. For example, if one or both spouses have children from previous marriages, a prenup can help clarify how inheritances will be handled. This could show that the marriage is being pursued for the right reasons and that the best interests of all family members are being considered.However, any decision about a prenup should involve prayer and godly counsel. Seeking wisdom from advisors ensures that the couple asks the hard questions and examines their motivations before moving forward.Keeping God’s Design at the Center of MarriageUltimately, marriage is a covenant reflecting Christ’s relationship with the Church, built on trust, sacrifice, and unity. While there may be valid reasons to consider a prenup, it should never replace the trust and commitment foundational to Christian marriage.Both spouses should prayerfully consider their motivations, ensuring their relationship aligns with God’s design for oneness in all areas, including finances. Open conversations about money and trust are essential, and any agreement made between each spouse should serve the marriage, not undermine it.We hope this reflection has provided you with valuable insights as you ponder whether a prenup is right for your situation. Seek God’s guidance, and let His vision of unity and covenant shape your marriage decisions.On Today’s Program, Rob Answers Listener Questions:I started receiving my Social Security benefit at 62 but was later notified I could get a higher amount. After speaking with them, my benefit increased slightly since half of my ex-husband's benefit was higher than I had been receiving. Now, I'm wondering if I would be eligible for survivor benefits if my ex-husband were to pass away before me.I'm paying a $120 monthly premium on a $10,000 life insurance policy for my 96-year-old mother. The policy has a $5,000 cash value. Should I cancel the policy and use the $5,000 cash value to pre-pay funeral expenses, or should I keep the policy active until she passes and use the $10,000 death benefit then?I have multiple 401(k) accounts from past jobs and traditional and Roth IRAs. Would it be best to consolidate all these retirement accounts into a single traditional IRA and/or Roth IRA? I'm hoping consolidation could simplify management and potentially improve my investment options.Resources Mentioned:Look At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich 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 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.

So you’d like to give more, but you don’t know how? Good news! If money’s scarce, it doesn’t mean your giving has to be.Hebrews 13:16 reads:“Do not neglect to do good and to share what you have, for such sacrifices are pleasing to God.”It doesn’_t say, “unless you’re broke.” Today, we’ll give you some ways you can give _without money:1. Give Your Time to Your ChurchOne of the easiest ways to be generous is by offering your time. Your local church has plenty of service opportunities:Join a missions committee or teach a Sunday School class.Serve in the children’s ministry if teaching isn't your strength.Help with outdoor work like weeding flower beds or raking leaves.If you’re unsure where to start, ask a church leader what help is needed. You’ll likely receive plenty of suggestions!2. Visit and Care for OthersAnother impactful way to serve is by visiting members of your church or community, especially those in the hospital or who are elderly shut-ins. Spending an hour with someone can brighten their day. You can also offer practical help:Babysit for parents who need a break.Help an elderly neighbor with household tasks, yard work, or grocery shopping.Use these moments to share the love of Christ, perhaps by inviting them to church.3. Encourage Others from HomeYou don’t even need to leave your house to make a difference. Set up a personal ministry by sending cards or handwritten letters of encouragement. Include a passage of Scripture that speaks to God’s love and care.4. Donate Items You No Longer UseLook around your home—are there things you no longer need? Items from your closet, garage, or basement can be donated to a Christian charity like the Salvation Army or Habitat for Humanity. Even something as simple as recycling plastic bags can help a ministry like a food bank or thrift store.5. Offer Your Skills and ResourcesDo you have a van, truck, or trailer? Consider using it to help people move or haul items. It’s a surprising and practical way to serve others. If you have professional skills—whether in computers, graphic design, or even gardening—find ways to offer those talents to your church or community.6. Donate Unused Christian MaterialsIf you have extra Bibles or Christian books, you can donate them to ministries that distribute materials to believers worldwide. Organizations like Love Packages and Christian Resources International accept and send these materials to places where believers are eager to learn God’s Word. Local homeless shelters may also welcome donations of Bibles and Christian literature.7. Give BloodA unique way to give is by donating blood. Every pint of blood donated can save up to three lives, allowing others to experience God’s love and perhaps the chance to hear the Gospel. Visit RedCrossBlood.org to learn where and when you can donate.8. PrayPerhaps the most important way you can give is through prayer. Join your church’s prayer group, or commit to praying individually for your church, community, friends, and world leaders. Prayer is a powerful way to support the work of God’s Kingdom.Even if you don’t have financial resources to give, there are countless ways to be generous. From donating your time and skills to praying for others, God honors sacrificial giving in all its forms. Take advantage of these opportunities to bless others and advance God’s Kingdom.On Today’s Program, Rob Answers Listener Questions:If my spouse is accumulating credit card debt and my name is not on the credit card, if he should die, would I be responsible for that debt?I would like to know if I should get a foreclosure home or a new home. What's the difference between the two options?My parents (around 85) recently sold a duplex they inherited for $215,000. I have two questions: 1) How do they determine the taxes owed on the sale? 2) What should my mom do with the remaining money after covering healthcare and home repair costs, considering she's considering putting it in CDs?I'm in my 70s and retired. Since I'm divorced, I don't have much money saved, and my income goes towards alimony. At my age, I'm wondering how to balance saving money for emergencies and giving more to the Lord's work. I believe giving to the Lord's work is a better reward than saving money down here. What do you think?Resources Mentioned:Red Cross Blood Services | Love Packages | Christian Resources InternationalSalvation Army | Habitat For HumanityBankrate.comLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich 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 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.

There are plenty of Christian retirement plans out there…but is retirement itself actually biblical?The answer depends on your definition of retirement. For Christians, that should be quite different from the world’s view of retirement.Work: A Biblical CallingThe world often sees work as something to escape—a negative experience endured under the pressure of a demanding boss. However, the Bible presents a very different view. In Colossians 3:23-24, Paul tells us: "Whatever you do, work heartily, as for the Lord and not for men."God is our true boss, and we are called to serve Him through our work.Work existed before the Fall. Genesis 2:15 shows us that God put Adam to work in the Garden of Eden. Nowhere does the Bible suggest that we should stop serving God once we have saved enough money to retire into a life of leisure.Moreover, God Himself is a worker. In John 5:17, Jesus says:“My Father is always at his work to this very day, and I too am working.”This means that our service to the Lord should never truly end. Interestingly, the Bible only mentions retirement in one instance, and that’s in a specific context. Numbers 8:24-25 describes how Levitical priests were to retire at age 50. However, this instruction was specific to their duties and doesn’t apply to all believers. The Bible doesn’t give a general mandate for retirement as we think of it today.In fact, before the 20th century, people worked for as long as they were able. The concept of retirement as we know it—a time to completely cease working—came about with the introduction of Social Security and pensions. But as Christians, we are called to serve God for our entire lives.Why Should We Save for Retirement?You might be wondering, “If we’re not supposed to retire, why are we saving all this money?” The answer is simple: It’s wise to prepare for a time when we might not be physically able to work. People today are living longer than in previous generations, and many will face a stage of life where work is no longer possible.Proverbs 21:20 reminds us: “Precious treasure and oil are in a wise man's dwelling, but a foolish man devours it.”Saving is a biblical principle that allows us to be good stewards of the resources God has entrusted to us.But for Christians, saving for retirement isn’t about stepping away from work altogether. Instead, we should view it as an opportunity to retire to something, not just from something. Perhaps this means using the resources you’ve saved to enter the mission field or serve in a new capacity. Or, it might mean having the freedom to give more generously to advance God’s Kingdom.As Christians, our goal in retirement should be to serve God in even greater ways. The Apostle John continued writing and preaching into his 90s, and second-century pastor Polycarp testified to his faith even in his final days. These examples remind us that our service to the Lord never ends, no matter our age.So, while it’s prudent to save for the day when you can no longer work as diligently as you do now, the ultimate goal is to use that season of life to serve God more fully.Practical Steps for Saving for RetirementHere at Faith and Finance, when we talk about retirement, we’re not advocating for ceasing all work. Instead, we aim to help you be faithful stewards of God’s money so that, one day, you can serve Him in new and meaningful ways.To prepare financially for retirement, start saving as early as possible to benefit from compound interest. We recommend setting aside 10 to 15 percent of your income in a tax-advantaged retirement plan, like a 401(k), especially if your employer offers matching contributions.If your employer doesn’t provide a 401(k), consider opening a traditional or Roth IRA. For younger individuals with more time until retirement, a Roth IRA may be especially beneficial because of its long-term tax advantages.As believers, our view of retirement should be shaped by our desire to serve God faithfully throughout every season of life. Saving for retirement is wise and biblical, but our goal is not to stop working altogether. Instead, we prepare for a time when we can use the resources God has given us to serve Him more fully, whether through giving, missions, or new opportunities for ministry.On Today’s Program, Rob Answers Listener Questions:I bought a house years ago and am the only one on the mortgage. I moved out and purchased another property but didn't sell the first one. My CPA said I'd have to pay up to 24% capital gains tax. Can I sell the first house, take the money, and buy the new property from my wife to avoid the capital gains tax?I started drawing Social Security early while working part-time and made over the income limit. They withheld half of the amount over the limit. I understood from a previous program that I could get that money back after I reached full retirement age. I wonder if that means the check will be more because of the input or if it will build up some payment for me.At this point in my life, is a reverse mortgage a good thing for me to do? I'm 63 and still working, and I plan to work until age 70. I have a pension through a union, but I'm unsure of the exact amount since I'm not fully vested. I'm trying to build up my nest egg again after some setbacks 15 years ago. Would a reverse mortgage be a good option for me?Resources Mentioned:List Of Faith-Based Investing FundsLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich 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 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.

“Where there is no guidance, a people falls, but in an abundance of counselors there is safety.” - Proverbs 11:14At one time, finding someone who shared your Christian values and could give you expert financial guidance was quite a challenge. But today, a nationwide network of Christian financial professionals fills that void. Sharon Epps joins us today to explain “What is a CKA®?”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.The Origin of Certified Kingdom AdvisorsIf you’re new to the concept of a Certified Kingdom Advisor (CKA), you might wonder what sets these financial professionals apart. CKAs are not only trained in financial services but also rooted in a biblical worldview, helping individuals and families make faith-based financial decisions. There are over 1,500 CKAs across the U.S. and Canada, and that number continues to grow.Larry Burkett and Ron Blue inspired the concept of Kingdom Advisors, realizing that God’s people needed trusted, biblically minded financial advisors to help them steward their resources. This vision laid the foundation for the CKA designation, the only credential in the financial industry dedicated to biblically wise financial advice. CKAs are financial professionals, such as planners, accountants, investment advisors, insurance professionals, and lawyers, who are passionate and qualified to integrate faith and finances into their practice.What Does It Take to Become a Certified Kingdom Advisor?Becoming a Certified Kingdom Advisor involves rigorous training. CKAs complete 90 hours of study at the college level, capped by a five-hour proctored exam. This training includes navigating financial decisions from a biblical perspective through a case study of a real family, Bob and Debbie.This process equips financial professionals with deep biblical convictions about financial decision-making and enhances their ability to give competent, faith-aligned advice to their clients. The CKA credential is highly valued across the financial services industry and recognized by firms for its commitment to biblically-based stewardship.Stories of TransformationOne of the most rewarding aspects of the CKA program is hearing stories from advisors who have completed the training and how it has impacted their practice. Sharon shared a few examples, including an advisor who wrote:“My practice is no longer just about financial acumen. It’s about integrating faith and finance, reshaping how I interact with my clients.”Another advisor reflected: “Becoming a CKA has been more than an educational pursuit; it has been a catalyst for spiritual growth and discernment. With each scripture memorized and lesson learned, I’ve gained clarity on God’s calling and purpose for me as a leader and disciple-maker.”These stories illustrate how the CKA designation transforms financial professionals' professional growth and personal faith journeys, allowing them to serve their clients more holistically.Why Choose a Certified Kingdom Advisor?Why should you choose a Certified Kingdom Advisor if you're considering financial guidance? Money is a tool, and having an advisor who shares your biblical worldview ensures that your financial decisions are aligned with your faith. CKAs help you steward your resources wisely and offer spiritual encouragement through prayer and scripture.If you’re ready to take the next step and find a Certified Kingdom Advisor, visit FaithFi.com and click “Find a Professional.” You can connect with a CKA in your area who can guide you in faithful financial stewardship.On Today’s Program, Rob Answers Listener Questions:My son got into a terrible car accident and suffered a brain injury. It took him four years to recover and get back on his feet. He's in his early 30s and has a job, but he's worried about losing his Medicare disability payments if he earns too much. I'm unsure of the rules around the substantial gainful activity limit and the trial work period. Can you help me understand how he can continue working without jeopardizing his disability benefits?My husband and I just sold one of our investment properties for $200,000, and we made about $140,000 in profit. We're about three years away from retirement. Should we use that $200,000 to buy another investment property to avoid paying capital gains taxes? Or should we invest the money elsewhere instead of doing a 1031 exchange?27 years ago, I bought some savings bonds for my sons, who are now adults. The bonds have been sitting in a safe all this time. My sons know about the bonds, but I'm unsure what to do with them now. Should I just hold onto the bonds until they mature in three more years? Or should I go ahead and cash them out and give the money to my sons now? I'm still determining if the bonds will be worth much in a few years, so I wonder if I should just let my sons handle it.Can I find the current CD rates from different banks in one place? I'd like to compare the rates and minimum deposit requirements across various banks to find the best CD options. Can you recommend a website or resource that allows me to easily see and compare CD rates from multiple banks?I recently retired and am still figuring out what to do with my 401(k). It has about $130,000 in it, and I still need the money. Should I leave the 401(k) where it is, or should I roll it over into an IRA? I'm not sure how to manage it myself, so I would like to know if I should hire a financial advisor to help me with that. What do you recommend I do?Resources Mentioned:TreasuryDirect.govBankrate | NerdWalletLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich 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 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.

The definition of synergy is two things put together, having an effect greater than the sum of the parts. Synergy can play a beneficial role in family finances. A case in point is an ABLE account working together with a special needs trust for a person with disabilities. Matt Syverson joins us today to talk about it.Matt Syverson is Managing Partner & Senior Wealth Advisor for Sound Stewardship in Overland Park, Kansas. He is also a Certified Financial Planner (CFP®) and a Certified Kingdom Advisor (CKA®). What is an ABLE Account?An ABLE account, short for “Achieving a Better Life Experience,” is a tax-advantaged savings account specifically designed for individuals with disabilities. It allows them to save money and work without losing access to crucial government benefits like Supplemental Security Income (SSI) and Medicaid, which have strict asset limits of $2,000 for individuals and $3,000 for couples. The key features of an ABLE account include:Eligibility: Available to those who are blind or disabled before age 26 (rising to 46 in 2026).Savings Opportunity: Allows individuals to work and save without exceeding government asset limits.Tax Benefits: Often provides state tax deductions similar to 529 college savings plans.Contribution Limits: The lifetime maximum contribution limit aligns with 529 plans but should stay under $100,000 to avoid affecting SSI or Medicaid.Qualified Expenses: Can be used for day-to-day needs like food and rent, excluding vices like alcohol or gambling.No Impact on Government Benefits: ABLE account balances won’t disqualify the individual from receiving SSI or Medicaid.It’s important to note that in most states, there is a Medicaid payback provision, which allows the state to recover funds from the ABLE account to cover medical bills after the account holder's passing. However, some states, including Kansas, have removed this clawback provision, making these accounts even more attractive for families.What is a Special Needs Trust?A special needs trust (SNT) is a more established tool designed to protect individuals' eligibility for government benefits while allowing families to manage significant assets. This trust can hold homes, vehicles, real estate, investments, and various accounts like IRAs or Roth IRAs. Key benefits of a special needs trust include:Asset Management: Can hold a wide variety of assets that would otherwise disqualify someone from receiving government benefits.Estate Planning Certainty: Spells out how the assets will be managed and distributed after the individual’s passing.No Medicaid Clawback: Unlike ABLE accounts, SNTs are not subject to Medicaid payback provisions, providing greater long-term financial security.Spending Flexibility: Can cover a wide range of expenses not covered by government programs.However, special needs trusts come with a downside. If the trust is used to pay for food or rent, the SSI benefit will be reduced by $334 per month. Additionally, any direct payments to the individual from the trust can affect SSI income, so careful management is required.How Can ABLE Accounts and Special Needs Trusts Work Together?Combining an ABLE account with a special needs trust can offer significant advantages for families. The ABLE account can be used for day-to-day expenses, while the special needs trust can be preserved for larger, long-term financial goals. This separation allows for greater flexibility and financial independence.Day-to-Day Needs: An ABLE account can cover immediate expenses like food and rent without reducing SSI benefits.Long-Term Planning: A special needs trust can hold larger assets and ensure they are passed on to future beneficiaries without impacting government benefit eligibility.Tax Benefits: ABLE accounts enjoy tax-free growth and withdrawals for qualified expenses, while special needs trusts are fully taxable each year. Therefore, it is beneficial to use the ABLE account for specific expenses to maximize tax savings.Why Go Through the Effort?Setting up both an ABLE account and a special needs trust takes planning, but the benefits are well worth it. ABLE accounts are simple and inexpensive to establish, offering tax advantages and flexibility for everyday expenses. Special needs trusts, while more complex and costly, assure that your loved one will retain their benefits and that their assets will be managed according to your wishes.When creating these plans, it’s crucial to consult with an attorney and a financial advisor. Coordinating contributions to the ABLE account and the special needs trust is crucial to avoid exceeding limits that could affect eligibility for government benefits.Combining an ABLE account with a special needs trust can provide powerful financial synergy for families caring for a loved one with disabilities. With the right planning, these tools help ensure both short-term financial needs and long-term security, allowing your family member to thrive and achieve their God-given potential.On Today’s Program, Rob Answers Listener Questions:My wife and I have the opportunity to purchase land and build a home using a VA loan. We currently own 8 acres with a mobile home, and we're trying to decide whether to get a double-wide mobile home or build a metal shop/barn instead. We have six kids, so finding the right long-term housing solution is essential. What is the best approach for us?Resources Mentioned:Sound StewardshipLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich 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 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.

You should have 3 to 6 months’ living expenses in your emergency fund…but what if you can’t get to that money?Does your emergency fund need an emergency fund? That would be money you actually have on hand, not in a bank. And if so, how much?Today, many of us rely heavily on debit and credit cards for everyday transactions. They’re convenient, especially with the added perks of reward points or cashback programs. But as easy as it is to swipe a card, it’s still wise to keep a small cash reserve on hand. Why? Let’s take a look.The Importance of Cash in a Digital WorldWith ATMs and mobile banking apps available 24/7, you might wonder why keeping cash around is necessary. While it’s true that ATMs are convenient, there are rare but possible situations where cash access might be temporarily unavailable. This could be due to:Network-wide banking outagesA hacking incident affecting your bankIdentity theft or a compromised accountThese disruptions could leave you without access to your funds, even if it’s just for a short time. Having a small amount of cash on hand can help bridge the gap during emergencies.How Much Cash Should You Keep?So, how much cash is enough? Consumer experts suggest keeping enough to cover about three days’ worth of expenses. This amount will vary depending on your individual needs. To figure out how much you need:Review your bank and credit card statements for a “normal” month (one without unusual expenses).Subtract fixed bills like your mortgage and utilities from your total spending.Take the remaining amount (expenses covered by card or cash) and divide it by 10 to find your estimated three-day cash need.You’ll likely end up with several hundred dollars, depending on your lifestyle or any special circumstances, like medical needs. That’s your target for an emergency cash reserve.Where Should You Store Your Cash?Now that you know how much cash to keep, where should you store it? Don’t bury it in a coffee can in the backyard. Instead, invest in a fireproof home safe that’s securely bolted to the wall.If you use a cash envelope system, remember that those envelopes might be empty at the end of the month. So, it’s a good idea to keep this emergency cash in a separate, dedicated envelope for unforeseen circumstances.Faith-Based Financial Solutions for Your Emergency FundWhile having a small cash reserve on hand is wise, your larger emergency fund—typically 3 to 6 months’ worth of expenses—should be stored safely in a financial institution. But here’s a question: wouldn’t it be great to know that your bank aligns with your Christian values?Thankfully, there are several faith-based banks and credit unions that do just that. One such example is Christian Community Credit Union (CCCU). In addition to providing great online banking services, CCCU is committed to supporting Christian ministries worldwide. They’ve donated over $6 million to mission projects and use deposits to help build churches, expand ministries, and support Christian businesses. Plus, each account is insured for up to $250,000.As Christians, stewardship goes beyond just the 10% we give the church. It involves managing 100% of what God has given us. Partnering with a faith-based financial institution like CCCU allows you to make a positive impact while ensuring your emergency fund is secure.If you’re looking for a faith-aligned banking option, consider Christian Community Credit Union. You can learn more at JoinChristianCommunity.com.On Today’s Program, Rob Answers Listener Questions:I have four family members. They're in their 30s, single, making $40,000 a year each, and want to buy a house together. Is that a good idea?My auto and home insurance deductibles have increased significantly, and my agent says it's due to excess claims. Do you have any more insight into why this is happening?I have a large 401(k) that I need help managing now that I'm retired. Should I leave it with the current provider or turn it over to a wealth management company? If so, how do I choose the right wealth manager?I'm about to retire, and I don't have any money saved. I will only have social security; whatever my retirement is, I'm trying not to retire this year. I will try putting it off another year to see if I can get a little more prepared or transition easier into that retirement. What are your thoughts on what I should do moving forward?Resources Mentioned:Christian Community Credit UnionLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich 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 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.

There’s a saying…“When the wolf comes in the door, love creeps out the window.”Money problems are always listed among the top reasons couples divorce. This is all the more tragic because money problems are fixable. Rachel McDonough joins us today with a three-step approach to better money and marriage.Rachel McDonough is a Certified Financial Planner (CFP®), a Certified Kingdom Advisor (CKA®), and a regular Faith & Finance contributor..Finding UnityManaging money in marriage can be a significant source of frustration for couples. With different financial habits, priorities, and values, it’s easy for disagreements to arise. However, finding unity in your finances can bring peace and strengthen your relationship. Rachel McDonough has advised many couples on navigating their finances, and she shares a powerful three-step approach to help couples align their values, priorities, and financial goals:1. Understand Each Other’s Personal ValuesThe foundation of financial unity in marriage is understanding each spouse’s personal values. When two people get married, they bring different perspectives, experiences, and priorities to the relationship. Of course, it would be nice if couples automatically thought the same way, but that’s rarely the case. Instead, couples must intentionally work to understand each other.Our personal values reflect the unique "fingerprints" of God in our lives. For example, one spouse might highly value generosity, reflecting God’s giving nature, while the other might prioritize creativity, which mirrors God’s role as a creator. These values are part of what draws couples together, but differences also exist.The key is to honor both similarities and differences, learning how to celebrate each other’s unique values. Couples can engage in exercises like value inventories to help uncover what drives each person’s financial decisions and actions.2. Identify Financial PrioritiesOnce values are understood, the next step is to list and prioritize financial goals. These priorities often stem from personal values and can encompass more than just financial goals. For instance, one spouse might prioritize health, recognizing that a stressful job affects their well-being. As a result, this could lead to a financial decision, such as working fewer hours to improve overall health.Couples should openly discuss their individual priorities and work together to allocate resources equitably. By aligning their financial decisions with shared values, they create a plan that reflects both spouses’ desires and ensures that resources are used to honor both perspectives.3. Implement an Actionable PlanThe final step is to take the identified values and priorities and create a practical, actionable plan. At this stage, couples must decide how to manage their finances, determining specific amounts for various expenses, goals, and savings.When both spouses participate in creating the financial plan, it reflects their unity. For example, if one spouse enjoys making checklists and organizing tasks, they can use that skill to implement the plan effectively. By working together, couples can move forward with intention, managing their money in a way that reflects their shared goals.The Role of Prayer and Patience in Financial UnityFor couples who find themselves struggling to get on the same page, Rachel offers two pieces of advice:Submit to one another out of reverence for Christ (Ephesians 5:21). Unity cannot happen without mutual respect and cooperation. Acting independently or without your spouse’s agreement can lead to division rather than unity.Pray for your spouse. If God is leading you to make a financial decision, trust that He can also speak to your spouse. Instead of pushing or pressuring, pray for God to bring unity and change hearts if necessary.By understanding each other’s values, prioritizing goals, and creating a practical plan, couples can manage their finances to honor both spouses and bring peace to their relationship. And when challenges arise, prayer and patience can help foster the unity that God desires for every marriage.For more financial wisdom from Rachel McDonough, visit her firm’s website at WealthSQ.com.On Today’s Program, Rob Answers Listener Questions:My mom has a vacant house that's expensive to maintain. I've been advised to use it as an Airbnb or rent it out. I don't know which option is better. The Airbnb route makes me nervous since I don't know much about it. What do you recommend?Resources Mentioned:Wealth SquaredLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich 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 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.

Many believers would agree that churches should follow the same financial principles that God’s Word provides for individuals. But even within that agreement, there’s still plenty of room for debate. For example, should churches borrow for building and expansion projects?Borrowing for church projects can be a sensitive topic, raising important questions about finances and faith. While the Bible does not declare borrowing a sin, it does offer several warnings about its potential pitfalls. Let's explore the biblical principles and guidance for churches considering debt.Biblical Warnings About DebtProverbs 22:7 says, “The rich rule over the poor, and the borrower is a slave to the lender.” This warning reminds churches that while borrowing isn’t inherently sinful, it can create a burden and dependency on lenders. The late Larry Burkett emphasized that debt can be destructive if taken to excess, and it’s more about an attitude than an absolute rule.Principles for Church BorrowingFinancial expert Ron Blue offers several key principles for churches to follow when considering borrowing:The benefit should outweigh the cost.A clear repayment plan should be in place.Church leadership should be unified in the decision to borrow.Borrowing should bring peace of mind, not anxiety.The debt should align with God-given goals.These principles help guide churches in making thoughtful decisions about whether to borrow, ensuring that financial obligations don't overshadow their spiritual mission.Three Biblical Principles for BorrowingDr. Art Rainer, Director of the Institute for Christian Financial Health, encourages healthy debate on the issue of church borrowing, outlining three key principles for churches grappling with the issue of debt:Use Caution—Proverbs 22:26-27 advises against entering agreements without being sure of repayment. Churches must ensure they can meet their obligations to avoid damaging their witness.Consider the Congregation's Burden—Debt limits funds available for outreach and missions. As Proverbs 22:7 reminds us, “the borrower is a slave to the lender.”Debt Creates Opportunities for Sin—Psalm 37:21 warns against failing to repay debts. Churches should secure loans with collateral and ensure a repayment plan is in place.Despite the cautions, many churches borrow successfully to expand their ministry efforts. If your church chooses to borrow, selecting a financial institution that shares your Christian values can be a game-changer. Christian Community Credit Union (CCCU) is a trusted partner for churches, providing over $1 billion in ministry real estate loans. CCCU aligns with Christian values and offers financial tools to help ministries thrive.Making an Impact Without BorrowingEven if your church decides against borrowing, you can still make an impact. By opening an account at CCCU, you support other churches and ministries through your deposits. To learn more, visit JoinChristianCommunity.com.While borrowing isn’t sinful, churches must carefully consider the financial and spiritual implications before taking on debt. By following biblical principles and partnering with the right institutions, churches can make informed decisions that support their mission to advance the Gospel.On Today’s Program, Rob Answers Listener Questions:I've been seeing many of these advertisements about debt cancelation on the internet, on Facebook, and in places like that. There's one going on right now: if you're a veteran and owe $20,000 or $30,000 or more, you can get it wiped out. Is stuff like this a legitimate deal, or is it a scam?I'm selling my home and will have a surplus after buying a new home outright. I just retired and want to stay retired. Should I use the surplus to live off of, draw my Social Security, or invest the money?My question is about my retirement investment with my employer versus my investment in a high-yield savings account. I've been with my employer for three and a half years. Its growth has been 2.47% during that time, and my high-yield savings account rate is 5.2%. I'm trying to understand which investment would be most beneficial.I heard you guys talk about a reverse mortgage and was thinking about it for my 90-year-old mother. We’ve been in conversation with Movement Mortgage and started the process, but I got cold feet because of the fees. So, I am wondering what your thoughts are about this and whether this is a good idea. Resources Mentioned:Christian Community Credit UnionLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich 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 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.