Financial Planning

How to Stay Steady when the Stock Market is Anything but

The last nine-and-a-half years have been a fairy tale for Wall Street. We are living in a time of record upon record highs, and a seemingly endless bull market. However, this story has not been without its drama.  In fact, since the start of the bull market in March of 2009, the US stock market has seen 23 pullbacks greater than 5% and last week marked the 8th of more than 10%, which is considered a market correction.  So while the stock market’s roller coaster of an October isn’t abnormal, the scent of vulnerability seems to be increasingly fresh.

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7 Things Dave Ramsey has Wrong

Let me start with this: I like Dave Ramsey. I think he gets a lot right. I’ve taught his curriculum, Financial Peace University (FPU), many times over and believe that it is the best tool out there for those with limited financial knowledge or who are struggling with debt. Whenever I teach the class, however, I will cringe during certain lessons. I find myself qualifying the teachings by sharing my own opinions with the class. 

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What Should I do if I Receive an Inheritance?

We are on the eve of the greatest transfer of wealth in history. Most baby boomers are now well into retirement age and are finalizing decisions about their will or estate plan. As a result, the coming years will see an unprecedented amount of money being passed down to younger generations in the form of an inheritance. Families receiving an inheritance need to plan carefully in order to avoid some of the common pitfalls.

Here are some important tips to keep in mind:

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Tax Reform and 3 Ways to Make the Most of it

America changed on December 22nd when President Trump signed a bill enacting the biggest tax overhaul in decades. One highlight of the new law is the near doubling of the standard deduction. Just how much this and the other changes will impact households, our economy, and our federal budget is the topic of much debate. These new tax laws won’t impact 2017 taxes that will get filed by April of this year.

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4 Financial Planning Tips Every Pastor Needs to Know

If you’re a pastor, you know that money matters. The Bible contains more than 2,000 verses about money and about 15% of Jesus’ teaching was on the topic of money and possessions. But how much do you actually know about money?

Whether you went to Bible college, seminary, or are simply self-taught, chances are you spent your time digging into the Scriptures, not finance. Your hermeneutics and homiletics may be fine-tuned, but you probably weren’t taught much more about personal finance than the average American.

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What Does Retirement Mean to You?

Whether you’ve been told you should retire at 62, 65, or some other age, only you can decide what is right for you. In fact, you may want to reconsider retiring at all––at least in the traditional sense.

How Most People View of Retirement

Many people don’t like the circumstances they find themselves in––and look at retirement as the nirvana they’ve been missing. The truth probably lies somewhere between completely dropping out (i.e., piddling around in retirement) and never retiring (i.e., dying with their boots on).  

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When is it OK to Take on Debt?

You’ve heard it said: “There is ‘good debt’ and there is ‘bad debt’.” Perhaps this has caused you to wonder how any debt could ever be good at all! Some debt is certainly worse than other debt, but what factors separate bad from good?

Debt and the decision of whether to take it on can often be stressful. Relax. The following information will help you understand a situation regarding debt with more clarity; leading to a more knowledgeable approach to debt in your everyday life. This will bring clarity to when it might be OK to take on debt.

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