Should I Invest My 403(b) (Or IRA) In A Target Date Fund?

by Monday, January 22, 2018

Perhaps the most difficult, or at least most intimidating, thing about saving for retirement isn’t finding money to set aside, but rather choosing how to invest that money. After all, 1 in 5 Americans who aren’t invested in the stock market says it’s because they “don’t know enough.”   What Is A Target Date Fund? Because of this, in 1994, a new kind of mutual fund was created: the target date fund (TDF). It is a kind of investment designed so that you can just put your money in and forget about it until it’s time to take your money out. You will recognize them because they have a future date in their name, like LifePath Index 2040 Fund or Vanguard Target Retirement 2040 Fund. View post

Be Prepared: When You Retire Is Not Your Decision

by Monday, January 15, 2018

A lot of pastors think when they retire, or even if they retire, is their decision. But is that really the case? And if not, what should you do? View post

Is The Clergy Housing Allowance Really Unconstitutional? What One Federal Judge’s Ruling Could Mean For You

by Monday, January 8, 2018

A federal judge has ruled that the cash housing allowance for clergy is unconstitutional. What happens next and what does this mean for you? View post

How To Make The Best Financial Decision Every Time

by Monday, January 1, 2018

Today is the beginning of a brand new year, a fresh start. For many people, now is the time to leave the regrets of 2017 behind and do better in the year to come. Millions of people all over America are making New Year's resolutions to do better financially.   How about you? Would you like to improve your finances in 2018? I’ll help you. Your current finances are the result of decisions, both large and small, that you have been making your entire adult life. If you want to make a change in your financial life, you’ll need to change the way you make decisions.   Today, I’m going to show you how to make better financial decisions. View post

The Top Personal Finance Blog Posts For Pastors Of 2017

by Monday, December 25, 2017

Merry Christmas! For the last post of the year, I thought I'd do a recap of the 10 most popular posts of 2017, in case you missed one of them. Here they are, in order of popularity: View post

How The Final Tax Bill Affects Pastors

by Wednesday, December 20, 2017

Now that the GOP tax reform bill is finalized, how does it affect pastors? Let’s take a look at the changes being enacted into law and how they might affect you. View post

Are You Financially Prepared For An Emergency?

by Monday, December 18, 2017

From hurricanes to fires, people all over the nation have been finding themselves in emergency situations this year. What if next year is your turn? Are you financially prepared for an emergency? What steps can you take to become prepared? View post

Act Now For Your 2018 Clergy Housing Allowance

by Monday, December 11, 2017

As a pastor, one of your greatest earthly rewards is the clergy housing allowance. Though it’s nothing compared to the rewards you’re piling up in heaven, it is definitely something that should not be overlooked.   Here are some things to remember as you prepare your 2018 clergy housing allowance request: View post

How To Avoid Large, Loud, And Annoying Toys This Christmas

by Monday, December 4, 2017

Christmas is almost here! And that means that grandparents and fun aunts and uncles are going to be scouring the stores (or just Amazon) for the biggest, loudest, most annoying toys to give your children.   Aren’t you excited?   If you don’t want a life-sized Batman taking over your hallway or Giggle Wiggle singing to you every day, be proactive! Open a 529 college savings account for each of your kids so your family and friends can put their money somewhere that it will really benefit your child- and not drive you crazy. (And if you do want Giggle Wiggle, let me know, I have one that I’d be happy to part with.) View post

Do Stay-At-Home Parents Need Life Insurance?

by Monday, November 27, 2017

Back in September, we talked about how to calculate how much life insurance you need. I’m sure all of you stay-at-home parents took the article to your spouses and said, “Honey, you need more life insurance!” or maybe even just, “Honey, you need life insurance!” (After all, less than ⅔ of Americans even have life insurance in place.)   But what about you? Do you have life insurance? Do you even need it? View post