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IRA Info

Do you have an Individual Retirement Account? A listener recently asked if an IRA is considered a savings plan or an investment. My answer depends on what you do with the money. You can put IRA funds to work in the stock market through mutual funds and other investments, or in CDs and savings accounts. […]

Savings Day – Sacrificial Living

Preparation for financial storms requires sacrificial living. Are you familiar with this macro-economic cycle? Economies begin with hard work and discipline which leads to abundance and comfort. This leads to indulgence which ultimately leads to decay and destruction. Then, the cycle repeats itself. God’s Word warns us to be prepared for storms of every kind. […]

Crazy Money! – Musicians Sell Catalogs For Millions

It’s Crazy Money Day! Bob Dylan sold the rights to his music for $500 million. At nearly age 80, with six children, perhaps he’s doing some estate planning, or he’s hoping to avoid the proposed increase in capital gains tax! RollingStone reports that Bruce Springsteen, Stevie Nicks, and others are selling their music rights, too. […]

Do You Really Need Two Cars?

It’s expensive to own two cars! One of my sons recently totaled his car on black ice. He borrowed mine until insurance took care of his. So my wife and I shared her car by planning ahead and combining errands. Flexibility made it work. The savings of going from two vehicles to one adds up […]

The IRS and Refund Delays

Have you filed your taxes yet? Last month, the Treasury Department officials said that the IRS has so many challenges this year that tax refunds could be delayed. They’ve had budget cuts and a greater workload due to stimulus checks from the last two years. Their staff has decreased 25% and they ended the year […]

Savings Day – Prep for Higher Property Taxes

Do you own your home? Homeowners have to pay property taxes. It’s the largest source of state and local government tax revenue. They vary widely by location. New Jersey and Illinois carry the highest property tax rates in the nation. My property tax bill has been the same for eight straight years. However, I’m bracing […]

Check Your Withholding Tax

The average tax refund last year was $2,800.  If you’re expecting a tax refund this year, review your W-4 and consider adjusting your withholdings. If you earn an income, you probably pay taxes. A W-4 form determines the amount based on allowances you claim. Withholding too much from paychecks causes tax refunds. If you don’t […]

Evacuation Preparation

If you only had 15 minutes to evacuate your home, would you be ready? Many have experienced voluntary evacuations, but I wonder how many of us are prepared for a mandatory one? It’s worth spending some time on this topic. An evacuation box could spare you from panicking – and possibly save lives. A number […]

Vacation Saving Tips

Are you making vacation plans? Vacations help us relax and renew our minds. With some planning, they don’t have to break our budget. NerdWallet studied hotel rates and found some of the best deals are found just two weeks prior to arrival. You can save nearly 13% on an average room rate in North America. […]

Love Your Neighbor

Do you love your neighbor?   Martin Luther once said, “A true Christian lives and labors on earth not for himself but for his neighbor. Therefore the whole spirit of his life compels him to do even that which he needs not do, but which is profitable and necessary for his neighbor.” Did you know that […]

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