Today on Money Wise, Steve Moore and Rob West chat about 529 plans.They offer advice on what they are and some common mistakes peoplemake relating to them. They talk about mistakes like assuming yourmoney will grow, forgetting to adjust your asset allocation andsavings rate, getting the timing of your contributions wrong, gettingthe timing of your withdrawals wrong, and emptying the account whenyour child doesn't need the money. Next, they answer yourquestions at (800)525-7000 [email protected] the following:- I have cash sitting in an IRA. What is the best use of this money?- I tithe off of my social security and my tax return. Someone told methat since I am a senior I don't need to tithe anymore. Is this true?- What is better, a will, or a trust?Be sure to check out our new website atmoneywise.orgto connect witha Compass Coach or access our books,videos, or any of our free helpful resources. You can also find us onFacebook (Compass - finances God's way) and get notifications aboutour weekly Facebook Live events. Thanks for your prayerful andfinancial support that helps keep MoneyWise on the air. And if you'dlike to help, just go to the website and click the Donate tab at thetop of the page.

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

Today on Money Wise, Steve Moore and Rob West chat about 529 plans.They offer advice on what they are and some common mistakes peoplemake relating to them. They talk about mistakes like assuming yourmoney will grow, forgetting to adjust your asset allocation andsavings rate, getting the timing of your contributions wrong, gettingthe timing of your withdrawals wrong, and emptying the account whenyour child doesn't need the money. Next, they answer yourquestions at (800)525-7000 [email protected] the following:- I have cash sitting in an IRA. What is the best use of this money?- I tithe off of my social security and my tax return. Someone told methat since I am a senior I don't need to tithe anymore. Is this true?- What is better, a will, or a trust?Be sure to check out our new website atmoneywise.orgto connect witha Compass Coach or access our books,videos, or any of our free helpful resources. You can also find us onFacebook (Compass - finances God's way) and get notifications aboutour weekly Facebook Live events. Thanks for your prayerful andfinancial support that helps keep MoneyWise on the air. And if you'dlike to help, just go to the website and click the Donate tab at thetop of the page.

Today, Rob West and Steve Moore shatter some of the myths about women and money. For example, In the past, people have said that women aren’t good at business. That’s false. In fact, women make up a full 1/3 of new entrepreneurs. Proverbs 31 gives us a good picture of a hard working, innovative woman. Next, Rob and Steve answer your questions at (800) 525-7000 and [email protected] about the following:

We’re retiring in 5 years, and we want to know where to start.

I’m a recent federal retiree. I want to have a more hands-on approach to managing my IRA. But I’m nervous about market volatility. Do you have advice on choosing an investment strategy?

I work in construction, and am a licensed real estate agent. I’m trying to decide if I should try to transition into real estate full-time. How should I evaluate these options?

Be sure to click the link above to check out our website (MoneyWise.org) to connect with a Compass Coach or access our books, videos, or any of our free helpful resources. You can also find us on Facebook and get notifications about our weekly Facebook Live events. Thanks for your prayerful and financial support that helps keep MoneyWise on the air. And if you'd like to help, just go to the website and click the Donate tab at the top of the page.

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

Today, Rob West and Steve Moore shatter some of the myths about women and money. For example, In the past, people have said that women arent good at business. Thats false. In fact, women make up a full 1/3 of new entrepreneurs. Proverbs 31 gives us a good picture of a hard working, innovative woman. Next, Rob and Steve answer your questions at (800) 525-7000 and [email protected] about the following:

Were retiring in 5 years, and we want to know where to start.

Im a recent federal retiree. I want to have a more hands-on approach to managing my IRA. But Im nervous about market volatility. Do you have advice on choosing an investment strategy?

I work in construction, and am a licensed real estate agent. Im trying to decide if I should try to transition into real estate full-time. How should I evaluate these options?

Be sure to click the link above to check out our website (MoneyWise.org) to connect with a Compass Coach or access our books, videos, or any of our free helpful resources. You can also find us on Facebook and get notifications about our weekly Facebook Live events. Thanks for your prayerful and financial support that helps keep MoneyWise on the air. And if you'd like to help, just go to the website and click the Donate tab at the top of the page.

Today on Money Wise, Steve Moore and Rob West offer advice on what todo when a financial setback hits you out of the blue. Rob talks aboutsteps to take such as first, pray and trust God, avoiding the big hit,paying close attention to credit card statements, prioritizing yourbills, and stopping retirement saving. Next, theyanswer your questions at(800) 525-7000 [email protected] the following:- Is it wise to sell a home that you have only been in for two years?-I retried last year and took the money from my 403B and rolled itinto a brokerage account. Where is the best place to put this moneynow to keep cost down, but interest high?Be sure to check out our new website atmoneywise.orgto connect witha Compass Coach or access our books,videos, or any of our free helpful resources. You can also find us onFacebook (Compass - finances God's way) and get notifications aboutour weekly Facebook Live events. Thanks for your prayerful andfinancial support that helps keep MoneyWise on the air. And if you'dlike to help, just go to the website and click the Donate tab at thetop of the page.

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

Today on Money Wise, Steve Moore and Rob West offer advice on what todo when a financial setback hits you out of the blue. Rob talks aboutsteps to take such as first, pray and trust God, avoiding the big hit,paying close attention to credit card statements, prioritizing yourbills, and stopping retirement saving. Next, theyanswer your questions at(800) 525-7000 [email protected] the following:- Is it wise to sell a home that you have only been in for two years?-I retried last year and took the money from my 403B and rolled itinto a brokerage account. Where is the best place to put this moneynow to keep cost down, but interest high?Be sure to check out our new website atmoneywise.orgto connect witha Compass Coach or access our books,videos, or any of our free helpful resources. You can also find us onFacebook (Compass - finances God's way) and get notifications aboutour weekly Facebook Live events. Thanks for your prayerful andfinancial support that helps keep MoneyWise on the air. And if you'dlike to help, just go to the website and click the Donate tab at thetop of the page.

There are some things in life that are necessities and your utilities are one of them. Just try living less than a day without electricity, water or heat and you suddenly realize how much you depend on these services and that’s why scammers are targeting you. Steve and Rob explain how to thwart scammers who falsely identify themselves as representatives from your utility company to gain access to your personal information. Things that should alert you to a spoofing call from a scammer:

-Asking you to use a prepaid credit card,

-Threatening to disconnect power or other utility service,

-Asking you for credit card or account number,

-Telling you to act fast.

Next, Rob and Steve answer your questions at (800) 525-7000 and [email protected] about the following:

-Rose Mary wonders whether she should roll over her pension to a 401k with a new employer and then whether she should pay off her mortgage by borrowing from that new 401k.

-Mathew wonders if he heard Rob correctly when he recommended having 10 to 12 times one’s salary saved at the time of retirement.

-Mary would like help sticking to her budget and prioritizing expenses. Rob explains how to formulate what to work toward and Steve recommends Howard Dayton’s book Money Map available at compass1.org.

Visitcompass1.orgto access our books like Money Map, videos, or any of our free helpful resources. You can also find us on Facebook athttps://www.facebook.com/CompassFinancesGodsWay/and get notifications about our weekly Facebook Live events.

Thanks for your prayerful and financial support that helps keep MoneyWise on the air. And if you'd like to help, just go to the website and click the Donate tab at the top of the page.

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

There are some things in life that are necessities and your utilities are one of them. Just try living less than a day without electricity, water or heat and you suddenly realize how much you depend on these services and thats why scammers are targeting you. Steve and Rob explain how to thwart scammers who falsely identify themselves as representatives from your utility company to gain access to your personal information. Things that should alert you to a spoofing call from a scammer:

-Asking you to use a prepaid credit card,

-Threatening to disconnect power or other utility service,

-Asking you for credit card or account number,

-Telling you to act fast.

Next, Rob and Steve answer your questions at (800) 525-7000 and [email protected] about the following:

-Rose Mary wonders whether she should roll over her pension to a 401k with a new employer and then whether she should pay off her mortgage by borrowing from that new 401k.

-Mathew wonders if he heard Rob correctly when he recommended having 10 to 12 times ones salary saved at the time of retirement.

-Mary would like help sticking to her budget and prioritizing expenses. Rob explains how to formulate what to work toward and Steve recommends Howard Daytons book Money Map available at compass1.org.

Visitcompass1.orgto access our books like Money Map, videos, or any of our free helpful resources. You can also find us on Facebook athttps://www.facebook.com/CompassFinancesGodsWay/and get notifications about our weekly Facebook Live events.

Thanks for your prayerful and financial support that helps keep MoneyWise on the air. And if you'd like to help, just go to the website and click the Donate tab at the top of the page.

Don’t you just love Spring time? Birds are coming back, daffodils are blooming and, if you live in Boston, you’ll soon be able to dig out your car! Winter weather and moisture can lead to a lot of damage if not properly addressed so Steve reveals some Spring time money saving tips for keeping your household in order:

-Check for loose or leaky gutters.

-Fill low area around the foundation with compacted soil.

-Probe wood trim around windows, doors, railings and such for rot.

-Check the roof for lost or damaged shingles.

-Check concrete slabs for loose, cracked or chipped area and repair.

-Remove winter firewood that you might have stored near the home.

-Check the outside faucets for freeze damage.

-Have a HVAC worker check and clean your outside unit cleaning coils and filters.

Next, they answer your questions at (800) 525-7000 [email protected] the following:

Lucas from Bangor, MN calls to ask if income from selling a house should apply to tithing.

Richard calls from Chicago wondering how to maximizing resale value on a business vehicle.

Sarah, also from Chicago calls to ask for basic information on investing and what a Roth IRA is.

God cares a great deal more about your money than most of us imagine and in the book Managing God’s Money, author Randy Alcorn breaks it all down for you. Gain a solid Biblical understanding of your money, possessions and eternity as you read his book. For more info, visit https://moneywise.org and click the Store link at the to of the page.

Steve and Rob mention these websites during today’s show:

https://kellybluebook.com

https://edmunds.com

https://truecar.com

https://bankrate.com

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

Dont you just love Spring time? Birds are coming back, daffodils are blooming and, if you live in Boston, youll soon be able to dig out your car! Winter weather and moisture can lead to a lot of damage if not properly addressed so Steve reveals some Spring time money saving tips for keeping your household in order:

-Check for loose or leaky gutters.

-Fill low area around the foundation with compacted soil.

-Probe wood trim around windows, doors, railings and such for rot.

-Check the roof for lost or damaged shingles.

-Check concrete slabs for loose, cracked or chipped area and repair.

-Remove winter firewood that you might have stored near the home.

-Check the outside faucets for freeze damage.

-Have a HVAC worker check and clean your outside unit cleaning coils and filters.

Next, they answer your questions at (800) 525-7000 [email protected] the following:

Lucas from Bangor, MN calls to ask if income from selling a house should apply to tithing.

Richard calls from Chicago wondering how to maximizing resale value on a business vehicle.

Sarah, also from Chicago calls to ask for basic information on investing and what a Roth IRA is.

God cares a great deal more about your money than most of us imagine and in the book Managing Gods Money, author Randy Alcorn breaks it all down for you. Gain a solid Biblical understanding of your money, possessions and eternity as you read his book. For more info, visit https://moneywise.org and click the Store link at the to of the page.

Steve and Rob mention these websites during todays show:

https://kellybluebook.com

https://edmunds.com

https://truecar.com

https://bankrate.com