The Trunk
Your Savings make up the core strength of your financial life or the Trunk of Your Fruitful Tree. Sound financial growth stems from your foundation of savings. Many people don’t have enough money in savings because they don’t know how to structure it to best benefit their lives. When structured properly, you should have a […]
Gold Held in Your Name in a Foreign Country (Pooled or Allocated)
We’ll repeat here that in 1933, the US lead by FDR confiscated all Americans’ gold and then paid them what was then the stated rate, followed by a change in the stated rate which effectively dropped the value of the Dollars exchanged for the confiscated gold by almost half. None of us like to think […]
Differences in Accessibility Between Life Insurance and IRA’s
“Make plans by seeking advice; if you wage war, obtain guidance.” (Proverbs 20:18) The government did not invent life insurance. This is good news to you as an owner of some of it. Because the government did invent all Qualified Plans (such as IRA’s, Roth IRA’s, SEP IRA’s, 401k’s, & 430b’s, etc), there is a […]
How Do Life Insurance Tax Benefits Compare to IRA’s/401k’s?
“Be sure you know the condition of your flocks, give careful attention to your herds; for riches do not endure forever, and a crown is not secure for all generations.“ (Proverbs 27:23-24) When the US government changed the Constitution to make legal the income tax, they applied it to certain types of income. Over the […]
For the Successful at Building Wealth, Isn’t a 401k (or any IRA) a Bad Idea?
A similar question to the one we asked yesterday is, “What if you are successful in building wealth, will the IRA tax deferral have been a wise choice?” We have a lot of clients who are in the 25 or 28% Marginal Tax Bracket. Your marginal bracket is the bracket that your last earned dollar […]
How Will Tax Changes Affect Your 401k or IRA?
“A prudent man sees danger and takes refuge, but the simple keep going and suffer for it.” (Proverbs 22:3) Do you believe taxes will go either up or down in the future? We ask this of all our clients, and almost every single one of them believes they will increase. When you look at the […]
The Real Tax Truth within 401k’s and IRA’s
15Then the Pharisees went out and laid plans to trap him in his words. 16They sent their disciples to him along with the Herodians. “Teacher,” they said, “we know you are a man of integrity and that you teach the way of God in accordance with the truth. You aren’t swayed by men, because you […]
How 401k’s & IRA’s Limit Both Your Control and Accessibility
Having access to and control over your assets is essential to stewardship. God owns everything, but He’s given you certain assets to steward. This term invokes the Biblical image of a great Lord with many properties and business affairs who puts a Steward (or Manager) in charge of them. (An example: Matthew 25:14-30) Can you […]
How 401K’s and Most IRA’s Limit Investment Options
The vast majority of Qualified Plans (which would include 401(k)’s, 403(b)’s, as well as self directed IRA’s (whether they’re Traditional IRA, Rollover IRA, SEP IRA, or any other) have very limited investment options. Which means you’re not able to invest in the things that you might like to invest in. If the best investment for […]
Disadvantages of Government Retirement Plans (401k’s, IRA’s, etc.)
“Suppose one of you wants to build a tower. Will he not first sit down and estimate the cost to see if he has enough money to complete it? 29For if he lays the foundation and is not able to finish it, everyone who sees it will ridicule him, 30saying, ‘This fellow began to build […]