An HSA, the "Other Retirement Account"
February 21, 2023
00:54:09
Airing live at 9am CST on American Family Radio, Faith & Finance with Rob West, along with special guests and financial experts, aims to provide biblical wisdom on a variety of financial topics as well as answers to call-in questions. Originating in 1988, Larry Burkett, co-founder of Christian Financial Concepts and Crown Financial Ministries, started a question-and-answer radio program with co-host Steve Moore called “Money Matters”. After Larry’s passing and homegoing in 2003, Crown’s other co-founder, Howard Dayton, became the new host and in 2011, Money Matters was transformed into MoneyWise by Howard’s new organization, Compass Finances God’s Way. In 2017, Kingdom Advisors (another organization Larry Burkett co-founded) acquired the MoneyWise radio broadcast ministry and in January 2023 the ministry changed it's name to Faith & Finance. Today, under the leadership of radio host Rob West, Faith & Finance can be found on your favorite podcast platform and on the AFR website and mobile app.
A health savings account can save you a lot of money now and give you a healthier retirement income later.
On today's Faith & Finance on AFR, host Rob West will talk with Mark Biller about how health savings accounts were designed to help folks struggling with out-of-pocket medical expenses but a key provision makes them terrific “back up” retirement accounts, too. Then Rob will answer your questions on various financial topics.
For more than a quarter century, financial advisors have used the 4% rule for retirement withdrawals. So why change it now? Some advisors are now saying 4% may be too high, while the man who wrote the rule says it’s too low. On today's Faith & Finance on AFR, host Rob West will weigh into the debate. Then Rob will answer your calls on various financial topics.
Based on some estimates, the average household spends an astonishing 40% of its food budget eating out. But should we be spending that much on convenient ways to eat? On today's Faith & Finance on AFR, host Rob West will talk about how making changes to your food budget can easily save you a lot of money and calories. Then Rob will answer your questions on various financial topics.
Do you have any false gods or idols in your life? Would you recognize one if you did? On today's Faith & Finance on AFR, host Rob West will explain how anything that stands between you and Christ is an idol and he’ll give you some examples of them, so you can be on the lookout for idols in your own life. Then Rob will answer your calls on various financial topics.
God’s Word contains dozens of verses about repaying debt, but they are usually from the perspective of owing money to others. But, what if someone owes us money? On today's Faith & Finance on AFR, host Rob West will talk about the process you can use to reconcile unpaid debt when someone owes you money. Then Rob will answer your calls on various financial topics.
Happy Valentine’s Day! Are you celebrating by giving flowers, cards, or candy to loved ones? Expressing your feelings on Valentine’s Day is a great tradition, but it’s only one day a year. On today's Faith and Finance on AFR, Rob West shares things you should do all year round to ensure your Valentine’s Day is a happy one. Then Rob will answer your calls on various financial topics.
It’s nothing new for seniors to get discounts, but did you know that one of them can save you money on healthcare costs? On today's Faith & Finance on AFR, Rob West will talk with Lauren Gajdek about Christian Healthcare Ministries’ program called Senior Share. Then Rob will answer your calls on various financial topics.
Credit card debt fell sharply during the COVID shutdowns. But unfortunately, it’s becoming a big problem once again. On today's Faith & Finance on AFR, host Rob West will talk with Neile Simon of Christian Credit Counselors about how you can get help managing your credit card debt. Then Rob will answer your questions on various financial topics.
Do you know how much you’ve given back to God’s Kingdom over the years? If not, would you like to understand how to track your generosity in the future? On today's Faith & Finance on AFR, host Rob West will welcome Art Rainer to talk about why it’s important to track your generosity and he’ll suggest ways you can get started. Then Rob will answer your calls on various financial topics.
Student loan forgiveness is popular among the millions of Americans who owe more than $1.7 trillion for their education. But it definitely has its detractors as well. On today's Faith & Finance on AFR, host Rob West will welcome Jerry Bowyer to talk about several reasons why he’s not a fan of student loan forgiveness. Then Rob will answer your calls on various financial topics.
We’re called to be good stewards of God’s resources, but being financially faithful amid the business of modern life isn’t easy. Today on Faith & Finance on AFR, host Rob West will tell you how to remain faithful in managing your money. Then he'll answer your questions on a variety of financial topics.
Are we headed for a recession? The answer is always “yes,” but no one knows when it’ll come or how deep it will be. Today on Faith & Finance on AFR, host Rob West will talk with financial coach John Putnam about how you can prepare today. Then he'll answer your questions on various financial topics.
When in doubt, a great piece of advice is, “Do the next right thing.” But since the order in which we do things can mean success or failure, we need to know how to determine what the next right thing is. On today's Faith & Finance on AFR, Rob West will welcome Chad Clark to remind us about the importance of the order of operations. Then Rob will answer your calls and financial questions.
The job market remains strong—so strong, in fact, that employers are getting sneaky about the ways they’re hiring and expanding their businesses. On today's Faith & Finance on AFR, host Rob West will explain how with millions of open jobs going unfilled, the work force needs to be prepared for a ramp up of what employers are calling “quiet hiring.” Then he’ll answer your questions on various financial topics.
We should set goals for using the resources God gives us. But those goals may need to change depending on what stage of life we’re in. On today's Faith & Finance on AFR, host Rob West will welcome Ron Blue to talk about the point in life when we should think about changing our stewardship goals. Then Rob will answer your calls on various financial topics.
Critics of the recently passed $1.7 trillion Omnibus bill have to admit that it does have a few silver linings for retirement accounts. And when Congress is involved, you have to take a win whenever you can get it. On today's Faith & Finance on AFR, host Rob West will explain how the new legislation is a definite win for retirement savers with a 401k, 403b, or Roth IRA. Then he’ll answer your questions on different financial topics.
We all want to become wise stewards of God’s resources. But younger generations need training that will equip them to become adults who faithfully manage the resources God has entrusted to them. On today's Faith & Finance on AFR, Rob West will share some important money lessons for young adults. Then he’ll answer your calls on various financial topics.
Have you memorized Proverbs 21:5? It states, “Steady plodding brings prosperity; hasty speculation brings poverty.” And you may know that verse by heart, but taking it to heart is a different thing altogether. On today's Faith & Finance on AFR, Rob West will explain how we must take to heart both parts of that proverb to be financially successful. Then he’ll answer your calls and financial questions.
For more than 20 years, 529 education savings plans have helped families pay for qualified school expenses while enjoying a tax benefit in the process. And recently, this savings strategy has become even more attractive. On today's Faith & Finance on AFR, host Rob West will talk about how one major drawback to using a 529 plan has recently been removed. Then he’ll answer your questions on various financial topics.
The Bible teaches that we should seek out wise counsel for answers to life’s questions. And that’s especially true when we’re dealing with tough financial questions. On today's Faith & Finance on AFR, host Rob West will welcome Howard Dayton to review some of the tough financial questions he’s answered over the years with the help of scripture. Then Rob will answer your calls on various financial topics.
