Category Archives for "Retirement"

Ask Chuck: 4 Lessons About Your 401K

Dear Chuck, My wife and I have a mortgage, a car loan, and some student debt. In addition, we’re maxed out on several credit cards after a series of bad spending decisions. Should I use my 401K to pay off my household debt? Thanks, Need Help Dear Need Help, Millions of Americans are in the […]

Are Reverse Mortgages a Wise Financial Move?

Are Reverse Mortgages a Wise Financial Move?

Ever heard of a reverse mortgage? Many retired couples consider it if they feel strained on a fixed income. They’re advertised as a great option, but I’m not so sure. In fact, many people don’t think they’re a good idea. They’re called “the ugly stepchildren of the home-lending industry” by CNBC, and they may be […]

Ask Chuck – Should I Use My 401k to Pay off Debt?

Dear Chuck, I’m trying to pay my credit cards off but my income is very limited since I am nearing retirement. I have a 401(k) and a small property that I could sell. What would you recommend: sell the property, keep paying the minimum on the credit cards, or take money out of the 401(k)? […]

6 Money Myths You Need to Stop Believing

[vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” width=”1/1″ tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid”][vc_column_text] There are many misconceptions and myths about money. Many of them are completely untrue, but some are more untrue when you look at them through the lens of a faithful, biblical steward. Here are some of the top […]

How to Save for Retirement

As Americans, we have developed somewhat of a mania about retirement. Much of that is due to the fact that people are not prepared: The #1 financial regret of older Americans is that they didn’t save for retirement sooner The median amount saved for retirement among American families is only $5,000 And almost a quarter […]

4 Better Ways to Use Your Tax Refund

Dear Chuck, Procrastinators Unite! This weekend, my husband and I will be crashing on our tax returns, due Monday, April 18th, and we’re hoping to receive a return. What do you suggest we do with the money?   Procrastinator Dear Procrastinator, It is never best to wait until the last minute to do your income […]

The Truth About Retirement

Retirement provision is something that confuses many Christians.The “rules” about retirement have changed over the years and many Americans are realizing they didn’t save enough to maintain the lifestyle they pictured. Almost a quarter of all retirees are worried that their savings will run out and not saving for retirement soon enough is the number […]

The Secret to a Happy Retirement

If you aren’t already there, you will someday face retirement. Want to know a secret shared by the happiest retirees? Author Wes Moss, at TheBalance.com documents the results he found among retirees. When their mortgages are paid off, their happiness levels rise. Quote: “All the successful retirees I know who are living out their dreams […]

Tips on When to Take Social Security Benefits

The consequences of the onset of Social Security benefits are enormous. Recent reports by Sandra Block, at Kiplinger.com and Viewpoints at Fidelity.com confirm this. You are eligible for benefits if you’ve worked a minimum of 10 years in positions covered by Social Security. Benefits are based on two main variables: earning in the 35 highest-paid years […]