A look at the benefits of 403(b) retirement plans for pastors including: - triple tax benefits - flexible design - housing allowance provisions - high contribution limits - easy set up and maintenance
On this month's Money Minute: - Practical ways to save at the grocery store - Apple uses spycraft techniques to protect its secrets and catch leakers - Investors lost out on 15% of their returns in the past 10 years because of bad timing - Do Vanguard and Blackrock secretly run the world?
Last episode, we talked about one of my favorite tax saving strategies. And if you liked that one, you may like this one 3x as much! Because we’re looking at 3 more strategies to save on taxes in retirement.
Would you like tax-free income in retirement? Today, I want to tell you about one of the best strategies to help you not get killed in taxes when you retire.
The 2024 election is just a few weeks away! Here is a breakdown of Donald Trump's specific economic proposals and how they might affect our economy and the national debt. Be sure to check out the companion episode where we break down Kamala Harris' economic policies – https://youtu.be/6ZblcJSCla8
The 2024 election is just a few weeks away! Here is a breakdown of Kamala Harris' specific economic proposals and how they might affect our economy and the national debt. Be sure to check out the companion episode where we break down Donald Trump's economic policies – https://youtu.be/9UWUNsgexHU
Nate's favorite articles from September: - Interest rates drop half a percent (and may drop another half percent by the end of the year) - How common is your birthday? - What Americans think they need in order to be wealthy - Median household income tops $80,000
Unpacking a list of the top 20 mistakes investors make and how you can avoid them.
Unpacking a list of the top 20 mistakes investors make and how you can avoid them.
A conversation with Dan Murray of TheMinistryBooks.com and Fred Murray of Southern Hills Church in Las Vegas, Nevada.
A conversation with Dan Murray of TheMinistryBooks.com and Fred Murray of Southern Hills Church in Las Vegas, Nevada.
- Federal Reserve signals it's ready to start cutting interest rates soon - New real estate commission rules just went into affect, what does it mean for buyers/sellers? - How famous athletes and celebrities get financially duped - Chick Fil A launching steaming service focused on "family-friendly" entertainment
You've got Social Security questions, and I've got Social Security answers! Today we're covering important aspects of Social Security that you need to know: 1. How is SS calculated? 2. What benefits are included in SS (more than you probably thought)? 3. When should I start claiming SS? 4. SS claiming strategies that often get overlooked
Retirees have two massive challenges when entering retirement: nobody knows how long they'll live and nobody knows what the market will do in the short term. So what's the best strategy for spending your nest egg?
Is an annuity a good way to generate passive guaranteed income in retirement? In today's episode we break down what an annuity is, the major downsides of owning an annuity, and why an annuity might still be a good solution in some cases.
Can you guess what the best-performing stock of all time is? What happens when you give people $1000/mo for free? France's new left-wing party won the election and wants to tax the wealthy at 90%. Southwest is finally abandoning open-seating.
Last year, Josh and Emily Hall fulfilled their dream of living abroad in Europe for 9 months. They managed to do it all without selling their house or quitting their jobs, and they only ended up spending $15,000 more during those 9 months than they would have back home in North Carolina! We talk about the highlights of their trip as well as the challenges (like getting stuck in Israel during the October 7 attack!), and how this experience shaped their view of money and its role in their lives....
Last year, Josh and Emily Hall fulfilled their dream of living abroad in Europe for 9 months. They managed to do it all without selling their house or quitting their jobs, and they only ended up spending $15,000 more during those 9 months than they would have back home in North Carolina! We talk about the highlights of their trip as well as the challenges (like getting stuck in Israel during the October 7 attack!), and how this experience shaped their view of money and its role in their lives....
June 2024 Money Minute. New report shows than "hidden" home costs now top $18,000 a year for average home. Americans are spending more than ever on restaurants. The Texas Stock Exchange is set to open later this year in Dallas. NBA close to finalizing new TV deal worth 2.5x more than its current one.
Harley Snode with Inspire Counseling Ministries joins me to discuss the intricate relationship between our money and our mental health: - How does our upbringing and childhood shape our view of money? - Are our money decisions based more on math or emotion? - How do envy and social comparison rob us financial security? https://inspirecounsel.com/ https://www.facebook.com/harleysnode
How often should I reevaluate my investment strategy? (1:30) How much can I safely withdraw from my retirement account? (6:48) Can churches give a tax-free gift to their pastor at retirement? (15:50) Law of diminishing returns in your personal finances (21:56) When is it ok to withdraw from my IRA? (32:34) Thoughts on IULs (indexed universal life insurance) (38:18) Links: https://www.clergyfinancial.com/is-a-pastors-retirement-gift-taxable/ https://pastorswallet.com/are-gifts-to-retired-minister...
- Summer is here! How much should you allocate for yearly getaways? - Social Security reserves are projected to be depleted by 2033, then what? - Jim Simons ran the Medallion Fund for 30 years with a staggering 66% average annual return! - The case for why Americans are overestimating how good of an investment real estate will be in the future
Years ago, Warren Buffett stood in front of a room of college students and offered them a simple thought experiment - instead of investing in a stock, what if you could invest in one of your friend’s and get 10% of their income for life? Who would you choose and why?
The 2024 Presidential Election is fast approaching, and many important economic questions remain unanswered. With all this political uncertainty, is now the time to be making strategic changes to your investments?
A quick roundup on some of the most interesting articles this month... - 14 States Where You Can Still Buy a Home if You Make Less Than $75,000 - Trillions of cicadas will emerge this summer in the largest insect emergence in centuries - How the Interstate Highway System Transformed American Industry - Most Americans Would Rather Be Happy Than Rich
In her famous article "Regrets of the Dying", palliative nurse Bronnie Ware outlines the 5 most common regrets people express at the end their life. https://bronnieware.com/blog/regrets-of-the-dying/ Paul Graham took inspiration from her article and developed "Five Commands for Life" as an antidote to a life of regret.
Is there an easy way to determine how much you should have saved by the time you retire? Today, we talk about the Rule of 25 and how you can use it to gauge your progress toward retirement.
A quick roundup on some of the most interesting articles this month... - Nvidia CEO wishes Stanford students "ample doses of pain and suffering" - 13 budget-friendly places where Americans can retire on $1500/month - Jonathan Haidt writes about how smartphone use has negatively affected American youth, and what we can do about it - Mr Beast links up with Amazon to produce gameshow with $5 million grand prize
Paul McWilliams is a financial advisor and pastor’s kid who works with pastors and churches all across America. In today's episode, we discuss why 403b retirement plans are incredibly helpful vehicles to help pastors and church leaders save for retirement, save on taxes, and be wise managers of their financial resources. Connect with Paul: https://www.inspireadvisors.com/financial-advisor/paul-mcwilliams Pastor's Wallet Article: https://pastorswallet.com/how-can-a-church-sponsor-a-retirement-pla...
A quick roundup on some of the most interesting articles this month... - Apple rumored to be working on making a foldable iPhone - Elon Musk's Neuralink completes first successful brain chip implant in a human - Deepfake scammers dupe company out of $25 million - US returns to the moon for the first time in 50 years
