Check the background of this financial professional on FINRA's BrokerCheck.

Mar
06
Donor Driven or Donor Focused Charitable Gift Annuity
Submitted by Stewardship Matters, Inc. on December 23rd, 2016 What is donor driven or donor focused charitable gift annuity?  First what is a Charitable Gift Annuity? American Counsel of Gift Annuities says, "A charitable gift annuity is a contract (not a "trust"), under which a charity, in return for a transfer of cash, marketable securities or other assets, agrees to pay a fixed amount of money  to one or two individuals, for their lifetime. A person who receives payments is called an "annuitant" or "beneficiary." The payments are fixed and unchanged for the term of the contract. A portion of the payments are considered to be a partial tax-free return of the donor's gift, which are spread in equal payments over the life expectancy of...
Continue Reading »

Mar
06
Dave Turns Land into Income and Charitable Gift
Submitted by Stewardship Matters, Inc. on September 14th, 2016 Case Study: Dave Turns Appreciated Land into Income and Charitable Gift. Dave has owned the same farm property for more than 30 years. Renting out the land has little more than covered taxes and minor improvements. His IRA and Social Security cover basic Lifestyle needs. He wants to travel, invest and give more using highly appreciated land. The problem? Taxes: 20% capital gains and 3.8% ACA tax for total of 23.8% is too painful. He decides to fund $1 million of stock into a special charitable income trust that pays him 5% of the yearly balance of the account for life. In addition he avoids 23.8% taxes and gets tax deduction upfront for approximately $400,000 or about...
Continue Reading »

Mar
06
Case Study: Highly Appreciated Stock Turned into Income and Charitable Gift
Submitted by Stewardship Matters, Inc. on September 13th, 2016 Case Study: Highly Appreciated Stock Turned into Income and Charitable Gift. Barbara has worked for same employer for more than three decades and retired. Early on she was given an opportunity to buy shares in the company stock plan and did so in a significant way. Her IRA and Social Security cover all her basic needs. She wants to travel,spend and gift some of the highly appreciated employer stock. The problem? Taxes: 20% capital gains and 3.8% ACA tax for total of 23.8% is too painful. She decides to fund $1 million of stock into a special charitable income trust that pays her 5% of the yearly balance of the account for life. In addition she avoids 23.8% taxes and gets...
Continue Reading »

Mar
06
Is the Next Steward Prepared? If Not Then Who Is Responsible To Get Them Prepared?
Submitted by Stewardship Matters, Inc. on August 30th, 2016 Photo from Veteranstoday.com Father and Son The term “steward” is missing in our modern language. Ships, planes and trains all had stewards to oversee the steward’s assigned area. Responsibility for resources and people were looked after properly. The word “entrusted” is excellent description for the role of the steward. The steward does not own the resource; rather they are entrusted to care for resource as the rancher cares for cattle and the land. Money is a tool; it is a test and a testimony. How we handle it speaks volumes about who we are and our beliefs. Money is not a measure of self-worth. Money does not guarantee contentment- don't we all know someone rich and...
Continue Reading »

Mar
06
Qualified Longevity Annuity Contract: What is it and how does it work?
Submitted by Stewardship Matters, Inc. on July 29th, 2016 What is a Qualified Longevity Annuity Contract or QLAC as it is often called and how QLAC works in retirement planning? A QLAC is a type of deferred income annuity (DIA) allowing a contract holder to purchase future lifetime income with a portion of their qualified account savings (401k, IRA, 403b etc.). The contract holder can exclude the value of that annuity from their annual required minimum distributions (RMD) calculation. This is a fixed annuity- not a variable annuity so the value does not fluctuate up and down. One attribute of the QLAC is tax advantage it can provide- Think of it as carving out up to 25% of IRA value or max $125,000 for an individual and they could...
Continue Reading »

Mar
06
Five Ways to Get $ Out of Life Insurance Policy
Submitted by Stewardship Matters, Inc. on July 13th, 2016 Only Five Ways to Get Money Out Of Life Insurance Contracts All five begin with the letter S and I will focus the majority of this discussion on the 5th way to get money out of life policy. #1 Sad It’s sad because someone we loved died and the death benefit paid to beneficiaries or trust. #2 Stupid It’s not smart to waste resources and one of the worse ways to get money out of life insurance policy is to buy cash value and shortly later surrender it for cash. Early years especially have more costs and best not to buy cash value life unless you can afford it for a long period of time. #3 Smart It will depend on several factors including your personal tax rate, performance of...
Continue Reading »

Mar
06
Half Truth on Veterans Eligibility Requirement
Submitted by Stewardship Matters, Inc. on June 7th, 2016 Recently I have looked at a few national websites of firms claiming to do education on Veterans Aid & Attendance. Here is one example of incorrect statement: “Veteran must have honorable discharge.” The VA Manual reads “Veteran must have other than dishonorable discharge.” Why the distinction here? Daniel was in Vietnam and it was discovered that he had health issues. He received a medical discharge not an honorable discharge. Reading the national website would indicate to Daniel and his wife that they would not be eligible due to medical discharge. Not true. Carl was in Vietnam, his two brothers were killed and he was discharged on an early release due to being the only...
Continue Reading »

Mar
06
Pre-Planning for War Time Veterans and Their Surviving Spouses
Submitted by Stewardship Matters, Inc. on June 1st, 2016 Pre-Planning for Surviving Spouse of War-Time Veteran Case Why would elderly war-time veteran wish to plan ahead their legal and financial matters? Five reasons you will want to plan now. 1) You are a planner and having an appropriate plan is the way you are wired to operate. 2) You have observed others at the end of their lives spend a majority of their income and assets and doesn’t seem right. 3) You want to entrust your adult responsible children to be more engaged in your final years on this earth. 4) The idea of securing very significant funds to provide for your medical needs promised by the VA and government appeals to you. 5) You do not wish to be a burden on your family...
Continue Reading »

Mar
06
What is a Qualified Longevity Annuity Contract or QLAC?
Submitted by Stewardship Matters, Inc. on May 17th, 2016 This a type of deferred income annuity (DIA) allowing a contract holder to purchase future lifetime income with a portion of their qualified account savings (401k, IRA, 403b etc.). The contract holder can exclude the value of that annuity from their annual required minimum distributions (RMD) calculation. Think of it as carving out up to 25% of IRA value or max $125,000 for an individual and they could elect to defer to any age up to age 85 and not required to include this money in the RMD calculations. This is one way to reduce for a period of time distributions and electing income in the future. With life expectancies steadily increasing many are living longer into their 80's...
Continue Reading »

Mar
06
What is the Rule of 115?
Submitted by Stewardship Matters, Inc. on April 18th, 2016 Perhaps you have heard of the Rule of 72? It is a rule of thumb and not meant to be an exact number (mathematics professors are watching). The idea is you take interest rate and divide it into the number 72 to see how long will it take to double your money. Rule of 115 is the same idea, but helps with determining how long it takes to triple (3X) your money. 10% rate of return divided into 115 is 11.5 years for your money to triple. $1,000 become $3,000 in 11/5 years at steady 10% rate of growth. We need to run the negative side of finance as well- credit card debt at 18% interest divided into 115 tells us in little over 6 years the costs of credit would be three times the...
Continue Reading »

Mar
06
What is Rule of 72?
Submitted by Stewardship Matters, Inc. on April 13th, 2016 The “Rule of 72” can be used to illustrate the consequences of the debt-to-economy ratio. The Rule of 72 states that dividing the interest rate into 72 will give you the number of years it will take to double an investment – or double your debt. The Rule of 72 can work for you or against you! For example, say you make an investment at 10% interest; it would take 7.2 years for you to double your investment (10 divided into 72). Now let’s look at the effects of a 2% interest rate. At that rate, an investment of $5,000 will double in value in 36 years! On the downside, if you borrow money at 18% on a credit card, in just 4 years you will actually pay twice the amount you originally...
Continue Reading »

Mar
06
How Long Will Mom's Money Last with Assisted Living Costing $4,000 Per Month?
Submitted by Stewardship Matters, Inc. on April 11th, 2016 How Long Will Mom’s Money Last with Assisted Living Costing $4,000 Per Month? This question was recently posed to me by a worn-out caregiver whose own health deteriorated as she helped her mother with custodial care. The answer depends on a few factors. • How much income is guaranteed by Mom’s pension and or Social Security? • Is she a widow of war-time veteran? • Could her assisted living arrangement be altered to reduce costs? • What assets are there? Are they after-tax assets or still held in retirement accounts? • Does Mom still own a home and if so, what is the net value of that home? • Does she have any life or annuity contracts with clauses to help pay for...
Continue Reading »

Mar
06
Only Five Things Conversation Revisited
Submitted by Stewardship Matters, Inc. on April 8th, 2016 People are surprised when I tell them "There are only five things we can do with money." It really does fall into one of the following buckets: Debts, Taxes, Saving/invest, Giving, Lifestyle/Spend. Try this financial exercise over the next month. Take your credit card statement and bank statement and see if everything does not fall into one of these buckets. Count student loan payments as debt. Vacation expenditures are part of lifestyle. Transportation costs are again lifestyle. The way towards greater financial success is simply to get more margin or savings/investment and being clear about your priorities and adjust spending allocations. Monitor and repeat the process again...
Continue Reading »

Mar
06
Tax Stewardship Matters: Charitable Giving Case Study
Submitted by Stewardship Matters, Inc. on April 8th, 2016\ Tax Stewardship Matters: Charitable Giving Case Study Bernie and Ruth are both 68 years old. They are a generous couple with moderate resources, and they are enjoying a debt-free retirement. Combining their Social Security with an IRA and a small pension provides them with an income of $90,000. They have routinely been giving $10,000 a year to charitable causes. Due to the sources of their income and lack of other write-offs, they generally do not itemize charitable giving on their 1040 filing. The standard deduction for 2015 was $12,600; since Bernie and Ruth’s gifts to charity are less than that, their charitable giving made no impact to reduce their taxes. Bernie and Ruth...
Continue Reading »

Mar
06
Certified Kingdom Advisor is a Designation Granted By Kingdom Advisors: CKA
Tags: 2016
Submitted by Stewardship Matters, Inc. on April 1st, 2016 Certified Kingdom Advisor® is a designation granted by Kingdom Advisors to individuals who have demonstrated themselves to be: Able to Apply Biblical Wisdom in Counsel: By participating in the Certified Kingdom Advisor® coursework and examination and committing to incorporate biblical principles in their financial advice. Technically Competent: By providing evidence of an approved professional designation (varying by discipline) or by having at least 10 years full-time experience in their discipline. Ethical: By agreeing to espouse and practice the Kingdom Advisors Code of Ethics, by maintaining active local church involvement, and by providing pastoral and client letters of...
Continue Reading »

Mar
06
Here is Kingdom Advisors Core Curriculum Overview: Certified Kingdom Advisor or CKA
Submitted by Stewardship Matters, Inc. on March 31st, 2016 Biblical Core Worldview & Wisdom Your worldview is the sum of your total convictions about yourself and the world in which you live. This session provides a framework for a comprehensive biblical worldview. Work & Retirement In this session, Ron Blue discusses work as one of the building blocks of wealth management. He explores the world's perspective on work, God's perspective on work, and where to fit work in the context of life. My Ministry of Biblical Financial Advice Vocational stewardship is a holy calling, requiring intentionality and resulting in eternal consequences. This session explains the advisor's calling to be a disciple of Christ and a discipler of others in...
Continue Reading »

Mar
06
Ten Ways to Foster More Happiness
Tags: 2016
Submitted by Stewardship Matters, Inc. on March 20th, 2016 http://www.thinkadvisor.com/2016/02/01/advisors-in-pursuit-of-happiness Did you know March 20th is International Day of Happiness? Ten Ways to Foster More Happiness A recent article in Investment Advisor ("Advisors in Pursuit of Happiness," February 2016) reminded me that money and risk management are very important to my clients, but they also want to be happy. As Americans, we've learned the value of "life, liberty, and the pursuit of happiness" from the Declaration of Independence. We also know that happiness comes in many forms and means different things to different people. Abraham Lincoln is often quoted as saying, "most people are about as happy as they make up...
Continue Reading »

Mar
06
Identity Theft Recovery Steps From FTC
Tags: 2016
Submitted by Stewardship Matters, Inc. on March 8th, 2016 The photo above is small portion of Federal Trade Commission site called www.identitytheft.gov and if you are overwhelmed by the potential hundreds of hours of lost productivity in your life and are mad to think about that then you should read on. Did you know that according to the Federal Bureau of Investigation aka FBI the estimated ID theft portion that is credit card related is only about 15%. The other 85% is mainly tax fraud, driver license fraud, medical fraud, Social Security fraud and few other minor frauds. Many of these frauds will require legal help to resolve. Trying to solve this is time and money wasted. Link at the bottom of this page provides...
Continue Reading »

Mar
06
Caring for Your Dad as He Matures
Submitted by Stewardship Matters, Inc. on March 7th, 2016? Caring for Your Dad as He Matures Could You Appreciate the nearly free use of $2,700,000? Is your father a wartime veteran with medical needs such as home healthcare, assisted living, or nursing costs? He may be eligible for access to a resource equal to the “use” of $2,700,000. Maybe your father has called the Department of Veterans Affairs and was told he is “not qualified” due to assets or income. Question: would you send your dad to talk to the Internal Revenue Service without proper forms and help? Of course not, so why simply trust a voice on the other end of the phone in calling the VA? Especially since a report by a syndicated columnist wrote in 2005, only “nineteen...
Continue Reading »

Mar
06
What Aid & Attendance is NOT
Submitted by Stewardship Matters, Inc. on February 9th, 2016 What Aid & Attendance is NOT. I was inspired to write after getting several questions about this Veterans Affairs benefit and noticed some patterns of false information from clients, friends, and senior community leaders. Aid & Attendance is a benefit program provided under the Improved Pension Benefits from VA. Short rules: veterans of war time periods and their surviving spouses are afforded overlooked money for healthcare needs after age 65. Only needs to be 90 days and honorable discharge and only 1 day of service during a war ear like WWII. Let's look at what Aid & Attendance is NOT. It is NOT a check the box and collect money program- It can be very complex with several...
Continue Reading »

Mar
06
Caring for Your Mother as She Matures
Tags: 2015
Submitted by Stewardship Matters, Inc. on December 20th, 2015 iStockphoto/Thinkstock Could You Appreciate the nearly free use of $1,840,000? Is your mother the surviving spouse of a wartime veteran with medical needs such as home healthcare, assisted living, or nursing costs? She may be eligible for access to a resource equal to the use of $1,840,000. Maybe your mother is this person and perhaps she called the Department of Veterans Affairs and was told she is "not qualified" due to assets or income. Question: would you send your mother to talk to Internal Revenue Service without proper forms and help? Of course not, so why simply trust a voice on the other end of the phone in calling the VA? Especially since a report by a syndicated...
Continue Reading »

Mar
06
Best Social Security Claiming Tool Period: Updated for Bipartisan Budget 2015
Submitted by Stewardship Matters, Inc. on November 20th, 2015 The photo above is typical example of "What Is At Stake?" report provided on my website. This tool is updated and does a great job helping married couples determine the appropriate course of action in claiming Social Security Retirement.  The Bipartisan Budget of 2015 under Section 831 changed all the rules for those younger than age 62 in 2015.  What it did not touch were widow/widowers claims. There is incorrect information put out on the internet as result of the Bipartisan Budget revisions not known to the public at the time it passed. Section 831 Social Security switch strategies.  This tool will provide you with more insights than reading several articles and custom to...
Continue Reading »

Mar
06
Go-Go, Slow-Go, No-Go are the Three Phases of Life
Submitted by Stewardship Matters, Inc. on November 16th, 2015 There are three phases of our physical life. The Go-Go phase is rushed and busy and demands a lot of energy. The Slow-Go phase is time we don't do as many steps and see the amount of time it takes so we trim some activities.  Nobody want to be in "No-Go phase and good news is generally a very small sliver of time compared to Go-Go and Slow-Go.  No-Go means being confined to bed, room or facility and tough to get enough socialization and interactions with others we care about due to circumstances. As a financial advisor since 1986 doing fee planning and having lots of conversations on goals and dreams and family dynamics the Slow-Go phase is often a wake up call for many...
Continue Reading »

Mar
06
Social Security Deadline April 30, 2016? Or Is It May 1, 2016? Or Is It May 2, 2016?
Submitted by Stewardship Matters, Inc. on November 16th, 2015 Are you married or were you married for at least 10 years? Were you born on or before May 1, 1950?  If so, the door is closing on a significant benefit from Social Security under the new Bipartisan Budget of 2015 under Section 831. How significant is this and if I do nothing what is potential costs?  We routinely see more than $100,000 in today's dollars being left on the table to ignore these strategies currently open.  Good news, you can file before April 30, 2016 and be grandfathered into the generous benefits afforded both married and divorced individuals over the past nearly 15 years.  If you have your Social Security statement and good ideas of ex-spouse/spouse benefits...
Continue Reading »

Mar
06
3 Sets of Rules for Social Security under Bipartisan Budget 2015
Submitted by Stewardship Matters, Inc. on November 16th, 2015 Social Security is hard enough to figure out with 2800+ rules, 9 ways to claim and about 36 different strategies. The Bipartisan Budget of 2015 Section 831 added confusion to a retirement claim with 3 sets of rules depending on your date of birth. One spouse can be in one group and the other spouse in another group. Group 1 those that were born on or before May 1st 1950 will not be negatively impacted if married claim- there is a deadline to file April 30, 2016 in order to get the potential advantages of "file and suspend" claiming.  This can easily add up to $50,000+ over your lifetime as additional cash flow. Group 2 are those turned age 62 in 2015 and younger than 65 1/2...
Continue Reading »

Mar
06
Bipartisan Budget of 2015 Section 831 on Divorced Claims on Social Security Retirement
Submitted by Stewardship Matters, Inc. on November 9th, 2015 What every divorce attorney needs to know about Social Security under Section 831 of Bipartisan Budget 2015 1) 3 Sets of Rules depending on date of birth. 2) Divorced after being married 10 years opens up spousal benefits. Did you know? There could be choices even if there were multiple ex-spouse(s).How would you figure this out? SS will not bring it up. Did you know? Waiting until age 60 to get remarried could yield significantly more money. Did you know? Getting remarried after age 60 resets and treats the individual to choose from past 10+ year divorces or the current spouse when seeking a spousal claim strategy. Did you know? If you are only separated or legally...
Continue Reading »

Mar
06
How Will the Tax Law Change Affect Your Social Security Claim?
Submitted by Stewardship Matters, Inc. on October 29th, 2015 Section 831 of the 2015 Budget Legislation closes loopholes like "file and suspend" and "restricted" claiming strategies. What if you are of Full Retirement Age FRA and already in one of these strategies now? In other words you are claiming some now based on spousal and later claiming more taking advantage of delayed credits. What can be expected is in 2016 when the budget is final plus 6 months later that spousal claims as restricted or file and suspend will be stopped. You then will ultimately choose to either suspend without the spousal money and earn delayed credits or claim your benefit as solo. This will affect couples and divorced ex-partner claims as well. This does...
Continue Reading »

Mar
06
Eldercare Stewardship: Helping Your Mother
Submitted by Stewardship Matters, Inc. on October 22nd, 2015 Focus here is on helping your mom and loving her as she matures. Could You Appreciate the nearly free use of $1,840,000? Is your mother the surviving spouse of a wartime veteran with medical needs such as home healthcare, assisted living costs? She may be eligible for access to a resource equal to the “use” of $1,840,000. Maybe your mother has called the Department of Veterans Affairs and was told she is “not qualified” due to assets or income. Question: would you send your mother to talk to the Internal Revenue Service without proper forms and help? Of course not, so why simply trust a voice on the other end of the phone in calling the VA? Especially since a report by a...
Continue Reading »

Mar
06
What Parents Want for Their Children
Submitted by Stewardship Matters, Inc. on October 22nd, 2015 Parents universal desire for their children: Learn from little mistakes and little pains. Also to avoid the big mistakes and big pains. Here is a strategy that can be widely used in planning your estate. Consider distributing assets over a period of time when you pass away rather than lump sum. It's fair to say nobody wants to see their children ruined by sudden wealth and not being able to handle it. There are guaranteed insurance contracts that can be placed on assets like IRA or non IRA that distribute funds for several years. So they get $30,000 a year for 11 years for example instead of $300,000 today. Lottery winners have proven the worst in people as 90% are broke in 5...
Continue Reading »

Mar
06
Successor Trustee Checklist
Submitted by Stewardship Matters, Inc. on August 28th, 2015 SUCCESSOR TRUSTEE CHECKLIST After Death of Grantor(s) [ ] Make several copies of death certificate and Trust Agreement. Many firms will require both in order to change the name of the Trustee on their records. [ ] Notify banks, stock brokers, mutual funds, or others with whom the deceased transacted business. [ ] Determine if any assets are outside the Trust that require probate proceedings. If so, make probate arrangements. [ ] Check safe deposit box for special instructions or messages. [ ] Notify Social Security (if deceased was receiving benefits). [ ] Contact a tax accountant to: (1) determine whether any state or federal estate or inheritance tax returns must be filed; (2)...
Continue Reading »

Mar
06
What every divorce attorney needs to know about Social Security benefits
Submitted by Stewardship Matters, Inc. on July 24th, 2015 Three most common misunderstandings 1) Divorced after being married 10 years opens up spousal benefits. 2) Ok to claim on the ex-spouse even though they have not claimed. 3) There are multiple strategies for those above. Did you know? There could be choices even if there were multiple ex-spouse(s). Did you know? Waiting until age 60 to get remarried could yield significantly more money. Did you know? Getting remarried after age 60 resets and treats the individual to choose from past 10+ year divorces or the current spouse when seeking a spousal claim strategy. Did you know? If you are only separated or legally separated and not divorced then trying to claim a spouse...
Continue Reading »

Mar
06
Ten Creative Ways to Give
Submitted by Stewardship Matters, Inc. on June 11th, 2015 What is NOT creative is the gift of cash.  Why is giving of non-cash assets creative? Because it reduces your tax potential on both capital gains and ordinary income, and estate taxes and fees. Additionally ,it could be leverage your income or grow your income with advantage of reduced taxes or guarantees. Here is the short take: 1) Giving of appreciated assets= stocks, mutual funds, real estate etc. 2) Gift Annuities= make a gift and then receive income back. 3) Charitable Remainder Trust-avoids the taxes for now and utilizes tax money to help provide income-delayed taxes 4) Charitable Remainder Trust/Wealth Replacement Trust combination-wealth replacement provides to...
Continue Reading »

Mar
06
Only Five Things
Submitted by Stewardship Matters, Inc. on May 28th, 2015 People are surprised when I tell them "There are only five things we can do with money." It really does fall into one of the following buckets: Debts, Taxes, Saving/invest, Giving, Lifestyle/Spend. Try this financial exercise over the next month. Take your credit card statement and bank statement and see if everything does not fall into one of these buckets. Count student loan payments as debt. Vacation expenditures are part of lifestyle. Transportation costs are again lifestyle. The way towards greater financial success is simply to get more margin or savings/investment and being clear about your priorities and adjust spending allocations. Monitor and repeat the process again...
Continue Reading »

Mar
06
Planning for Long Term Care
Submitted by Stewardship Matters, Inc. on May 21st, 2015 As we age, the odds of incurring an injury or major illness that will prevent us from performing simple daily functions increase substantially. Today, one in three people over the age of 65 will require assisted care of some sort. Past age 75 the odds increase to where one in two will need nursing care. With the average cost of nursing care now surpassing $7000 a month, it’s no wonder that long term care often decimates the savings and assets of the seniors who need it. While there is a portion of seniors who have amassed the assets to be able to cover long term care, most Americans would use up their savings within a few years.  There is assistance available from the government...
Continue Reading »

Mar
06
Investment Planning for an Uncertain World
Tags: 2015; risk
Submitted by Stewardship Matters, Inc. on April 24th, 2015 Chances are good that if you turn on the prime time news on any given day or pull up your favorite newspaper on your iPad one of the top stories will relate to emerging risks around the world. Whether it’s strife in the Middle East, tensions with Russia, or the ever-shifting balance of power between global powers, this much seems obvious: we live in a time of both unprecedented global complexity and the technological capability to watch events unfold in real time.  Investing in a Time of Geopolitical Risk When large investment houses start talking about geopolitical risk it’s probably a good idea to take note. Money managers usually spend little time discussing the possibility...
Continue Reading »

Mar
06
Annuities in Financial Planning
Submitted by Stewardship Matters, Inc. on April 17th, 2015 photo:theboxhouston.com As investments, annuities have several unique properties that make them very versatile in addressing a number of financial and investment planning needs. Where an annuity might never have been a consideration by a particular investor, it may, in fact, provide the only real solution once his needs, objectives, priorities and risk tolerance are established. This is why investment decisions should always be based on an overall assessment of your financial profile that includes your tax situation, family needs, accumulation needs, tolerance for risk, and your investment preferences. In the context of a financial plan, annuities can be a vital component of...
Continue Reading »

Mar
06
Annuity Investment Mistakes to Avoid
Tags: 2015; annuity
Submitted by Stewardship Matters, Inc. on April 6th, 2015 Making investment decisions has never been an exact science, nor is the process the same from one individual to the next. There are many variables that need to be factored, both from the standpoint of your individual situation and in the consideration of specific investments. The objective is to match your needs, priorities, preferences and tolerance for risk with the best investment alternative; not an easy task considering there are literally thousands of investment products from which to choose.  Because it can be both expensive and troublesome if a mistake is made, it is important to exhaust all efforts in avoiding them in the first place. Here are the biggest mistakes people...
Continue Reading »

Mar
06
Rescue Scenes Are Storytelling Staple
Submitted by Stewardship Matters, Inc. on March 9th, 2015 We love a hero stepping into the story and making a great save or rescue. Buzz Lightyear saves Woody's life in Toy Story Movie and we all love it. Buzz (new high tech toy doll) does not really fly, but he does "fall with style." There are financial products in peril or at least they are not operating as hoped for due to drag of fees and costs. Like Woody (old cowboy pull string doll)the world of Variable Annuities has changed a lot over the years and many of the products are expensive to operate and maintain. According to the Insured Retirement Institute in 2011 the average costs of variable annuity was 3.13%. The mortality and expense charge was 1.18% and another term for this...
Continue Reading »

Mar
06
Flat Fee Value to You
Submitted by Stewardship Matters, Inc. on March 9th, 2015 Over time, the word “flat” has become synonymous with out-of-touch, scary, clueless, and wrong. Fortunately, in the financial services marketplace, these negative connotations of the past can be overcome. “Flat” has a relative meaning in the world of finance and investments. It is not a good thing when your expectations or marketplace activity surge upward while your investments remain flat. On the other hand, if the financial markets are dropping, but your portfolio remains flat, your investments are outperforming the market, and that’s a time to celebrate. Please allow me to elaborate. A flat fee, or a stated flat fee, is a beautiful thing. Payment of a fully disclosed flat fee...
Continue Reading »

Mar
06
Will You Outlive Your Income? How to be Certain You Won’t
Tags: 2015
Submitted by Stewardship Matters, Inc. on January 14th, 2015 While our extended longevity should be greeted with gratitude for the possibility of enjoying a longer life with our grandchildren, many retirees are approaching it with trepidation, wondering if their hard earned assets will be sufficient to fulfill their vision of a good life for the rest of their life – however long it should last. At the critical point when assets are to be converted to income and a spend-down plan is launched, retirees need the assurance that they won’t outlive their income, which, to some retirees would be a fate worse than death.   Old Rules of Thumb Have Become Dangerous Assumptions Unfortunately, the traditional and outdated retirement planning...
Continue Reading »

Mar
06
Identity Theft May Be Less About Financial Loss and More About Wasted Time
Tags: 2015
Submitted by Stewardship Matters, Inc. on January 9th, 2015 As a financial advisor for nearly three decades, I understand the real pain of identity theft, based on my own personal experience and the experiences of my clients. When all is said and done, identity theft is more frustrating as a waste of your time than it is about the financial risk. I experienced this frustration first-hand earlier this week when my spouse was tricked into providing information on a site pretending to be the postal service. We both went to our bank and explained what had happened. Fortunately, the manager assured us that our financial security had not been breached. What a relief! While many financial institutions do safeguard your bank account or credit...
Continue Reading »

Mar
06
How Confirmation Bias Could be Hurting your Investment Performance
Submitted by Stewardship Matters, Inc. on December 10th, 2014 Have you made up your mind on just about everything, even before you know what it is? For instance, when you meet someone, is your opinion of the person formed from the first impression? Or, when you hear a political argument from the other side, is your mind opened or closed? Are you able to concede the “good points” the other side make, or do you dismiss the whole argument? We encounter people and ideas every day, and, while most of us would like to think we are open-minded, human nature, being what it is, makes it extremely difficult to discard our preconceived opinions. So, we almost instinctively filter out the information that doesn’t support our preconceived notion or...
Continue Reading »

Mar
06
Clarke Howard on 401K fee disclosure and FeeX Tool
Tags: 2014
Submitted by Stewardship Matters, Inc. on September 29th, 2014 Clarke Howard is a rock star in the radio consumer advocate world. He has been extremely diligent on uncovering scams on credit cards, travel ads, cell phones, and many other services. Here is shorten radio segment on FeeX and tool for disclosure in 401K in iTunes. This is appropriate for individuals seeking greater clarity on employer sponsored accounts.  Another resource available, however is often hidden is called the 408(b)2 for employer and 404(c)5 for employees.  As employee you can request 404(c)5 for your company retirement plan.
Continue Reading »

Mar
06
2014 Tax Saving Opportunity: Health Savings Accounts
Tags: 2014; health; taxes
Submitted by Stewardship Matters, Inc. on September 23rd, 2014 Contribution limits for Health Savings Accounts is one of the more overlooked areas. For an individual the limit is $3,300 and for family coverage deduction is $6,450, if over age 55 an additional $1,000 or total $7,450. Health Savings Accounts a k a HSA is not dead. Myth: you have to use up the contributions annually. In fact you can invest and save like an IRA for the future health costs. Earnings can help build up the needed future funds and when paying for qualified health expenses your gains are not taxed. If you do not have a high deductible health insurance plan then you will not qualify for making contributions. If your single then a health plan with an annual...
Continue Reading »

Mar
06
Alicia Munnell A Pioneer In Retirement Income of Baby Boomers
Submitted by Stewardship Matters, Inc. on August 11th, 2014 This is a photo of Alicia Munnell. She is a pioneer on studies of retirement research. She is the director at The Center for Retirement Research at Boston College. She has rich background in economic and retirement policy. Claiming options on Social Security Retirement and how the delay options work are some of her work. Center for Financial Literacy at Boston College has put out impressive reports and co labored on many research projects related to financial literacy and wiser choices. The Social Security Claiming Guide, The Social Security Fix It book and Managing Your Money in Retirement are some of the works produced at Boston College. Target date funds are another project...
Continue Reading »

Mar
06
Healthcare Stewardship
Tags: 2014
Submitted by Stewardship Matters, Inc. on August 5th, 2014 When I was young my parents would take me and by siblings to Orlando Barber College on Orange Blossom Trail. This was a training facility and housed about 20 barber chairs. Easy to get in and very cheap I can remember with rates skyrocketed from fifty cents to seventy-five cents for haircut. Student getting experience and patrons get really reduced rates. Today local colleges have dental and medical schools and will do all types of basic services for small fraction of the costs elsewhere. Students are getting experience and with oversight of instructors nearby. Some of the big box retail stores are offering basic medical services from Licensed Professionals like shots and...
Continue Reading »

Mar
06
The Truth About Life Insurance Offers
Submitted by Stewardship Matters, Inc. on July 22nd, 2014 The Truth About Life insurance Offers If you are anything like me you get faxes or emails with rate sheets of crazy low rates on term life insurance. I unsubscribe and block them and somehow they keep coming to me. The big print giveth and the small print taketh away. Know this fact: there are no hidden secret rates or special offers that are exclusive to the flyers or email offers. All carriers have to file rates with State Insurance Commissioners and all agents are on level field. Only exception is legal rebating- must rebate same way. Not exclusive offer Not a limited time offer Not special tax break Not secret formula Not different pricing from State Filings Here is...
Continue Reading »

Mar
06
Rowing and Sailing Approach to Investing
Submitted by Stewardship Matters, Inc. on July 15th, 2014 This short video lays out the foundation of rowing and sailing strategies for investing. The metaphor of story to connect rowing activity with steady plodding and certainty together with sailing to achieve your results is powerful. After seeing this video you will know more than most advisors in the area of investment strategy approaches and why it pays to combine strategies in the long journey.
Continue Reading »

Mar
06
What Kind of a Doctor Can You Get for a $20 Co-Pay?
Tags: 2014
Submitted by Stewardship Matters, Inc. on July 8th, 2014 A top-notch physician can be accessed for as little as a $20 co-pay, IF you have an excellent insurance plan.  Most insurance plans vet participating physicians and do their homework to bring a network of highly qualified professionals to you for the cost of a simple co-pay.  Physicians agree to trade their skills and services for pre- arranged rates.  The insurance carriers know that their plan and network bring business to the medical community and it’s a win-win for both sides.  This low-cost entry with simple access draws us into being consumers of medical services that we might not consider if we had to stroke the check out of pocket. What kind of an attorney do you think you...
Continue Reading »

Mar
06
Saving Versus Paying Off Debt
Submitted by Stewardship Matters, Inc. on June 11th, 2014 The saving versus paying off debt is an age-old quandary that has plagued people since the advent of consumer debt. Pose this question to a group of financial planners and the responses will be split, roughly down the middle. While there might be as many advocates for savings as there would be for paying down debt, the broad consensus will likely be that it really depends on the situation. Much of the debt reduction argument stems from simple math. If you hold consumer debt that costs you 15% and the only available savings instruments yields 1%, then it would seem to be a no-brainer to pay the higher cost debt down. For as much as you can set aside in savings, the net effect is...
Continue Reading »

Mar
06
Question This Week: Should I Consider Enrolling In Company Offered Personal Legal Plan?
Submitted by Stewardship Matters, Inc. on June 11th, 2014 The answer is "it depends." Doesn't that sounds like something an attorney would say? Enrolling in Company Personal Legal Plan depends on a few factors and generally these group plans are considered a wise use of funds. They can be especially wise when you actually used it like a gym membership. Before I share the benefits these offerings benefits with you, you should know that I am not an attorney and am not offering legal advice. Part of the "it depends" answer is contingent on other factors: Do you have access to family members with various legal backgrounds that are able to help you at anytime? Are you married to an attorney who is well connected to other professionals who...
Continue Reading »

Mar
06
Various Types of Identity Theft and What To Do To Protect Yourself
Submitted by Stewardship Matters, Inc. on June 6th, 2014 How to Reduce Your Chances of Becoming a Victim of Fraud or Identity Theft- Kroll Corporation a leader in Identity Theft Protection and restoration provided brief summary below. Identity theft is the fraudulent use of Personally Identifiable Information (PII) by a thief to obtain goods, services, and/or employment; commit a crime; gain a benefit; or prevent revealing the thief’s real identity. PII includes but may not be limited to a consumer’s name, Social Security number, date of birth, address, driver’s license number, telephone number, passport information, birth certificate, student transcript, or medical record. Some real-life examples of how stolen PII is used to commit...
Continue Reading »

Mar
06
What Are the Two Major Forces Working Against Wealth Creation?
Submitted by Stewardship Matters, Inc. on May 8th, 2014 Another way to consider this question is: "What causes the uncertainty in your financial world?" The typical responses to uncertainty in our lives are fear and focus on survival. What if you could save for the future with 100% dollars, never incur investment losses, and take tax-free income? It may sound impossible, and 30+years ago it was, but now this is what I refer to as Life Income Stewardship. Life Income Stewardship focuses on helping you keep whatever you make. There is never a negative return and even when inflation is on the rise there is still an opportunity for an increase on your return. How can there never be a negative year? This is because there is an annual reset...
Continue Reading »

Mar
06
God's Math
Tags: 2014
Submitted by Stewardship Matters, Inc. on April 23rd, 2014 In 2004, my boys came home from preschool, telling me how they had each planted seeds. They had seen only a tiny plant emerge from the soil, and were not impressed. It bothered me, for some reason, that this miracle of life did not excite them with a sense of wonder and what is possible. I decided to purchase mammoth sunflower seeds, a tray, and some topsoil for sowing. With the boys’ help, we planted 36 seeds. Only 33 of them germinated, and three of them did not look like the picture on the package. We learned a couple of lessons here: not everything is productive, and sometimes the results are not what we expect. Ten days later, we transplanted 30 tiny plants into the ground,...
Continue Reading »

Mar
06
Greater Financial Clarity and How iSteward Delivers to You
Submitted by Stewardship Matters, Inc. on April 23rd, 2014 Why is iSteward safe for you and your personal financial information? Keep your personal financial information safe with iSteward! You can be confident that your important personal financial information is safe and secure with iSteward. iSteward is our next-generation financial information and management tool that allows you to organize, store, and monitor all of your important financial and personal information in one place. It allows you to get a clear, easy-to-understand picture of your finances with simple graphics and user-friendly data. This allows you and your advisors to work together to plan your financial future, saving valuable time and the frustration of using data...
Continue Reading »

Mar
06
Life Lessons From a Window Tint Professional
Submitted by Stewardship Matters, Inc. on April 23rd, 2014 I recently brought my car to a window tinting professional by the name of John who had been recommended by a friend. I quickly learned that John is no ordinary tint installer; he is dedicated to providing top-quality service and he is passionate about the unique shape of each window tint panel he installs. Through my conversations with John, I learned that two identical cars – same year, make, and model, from the same plant with the same glass supplier – will have unique windows. Why? Weather conditions at the time of installation and personal handling of the glass panels make for unique waves, bends, and curves in each window. If you simply had a robot cut the specific size and...
Continue Reading »

Mar
06
We Are Living Longer
Tags: 2014
Submitted by Stewardship Matters, Inc. on April 16th, 2014 “ If I knew I were going to live this long I would have taken better care of myself.” – George Burns George Burns made this statement at age 90, while puffing on a cigar, a drink in hand. He lived another ten years, to age 100. With medical advancements, many people can expect to live beyond age 100. Hallmark now has several birthday cards designed especially for those celebrating their 100th birthday and beyond. The Society of Actuaries determined in 2000 that a healthy couple, age 65, has a 57% chance that one of them will make it to age 92, and a nearly 12% chance that one of them will reach age 100. For most baby boomers, this can mean 35 years in retirement, and a lot...
Continue Reading »

Mar
06
One Simple Document for Children Heading Off to College or Wherever
Tags: 2014
Submitted by Stewardship Matters, Inc. on April 7th, 2014 A client who is preparing to send her child off to college asked me recently whether there are legal issues to address. I am not an attorney and do not pretend to practice law. I do, however, have a sense of what may be wise counsel considering some findings. One study from the Nationwide Children’s Hospital in Columbus, OH, reported on injuries to young adults aged 15 to 24. During the study, which ran from 2005 to 2007, results showed that “not only are injuries the leading cause of death for this age group, but non-fatal injuries have considerable long-term medical and economic consequences.” Preparing a child for college is a busy and exciting time as you arrange for...
Continue Reading »

Mar
06
You've Reached the Age of 65... Now What?
Submitted by Stewardship Matters, Inc. on March 31st, 2014 It has been my experience that there are seven key areas of direction for those who are turning age 65: 1) Dealing with Medicare and Supplement Coverage 2) When and how to apply for Social Security Retirement Benefits 3) Increasing cash flow to meet expenses with the transition from active work to the "next thing" 4) Decisions about lifestyle expenses, such as relocation or downsizing 5) Staying healthy and happy for the next 30 years 6) Updating legal issues, especially involving out-of-state relocation 7) Realistic planning for cash flow to address all of the items above
Continue Reading »

Mar
06
Top Strategies for Funding Your Income Gaps
Submitted by Stewardship Matters, Inc. on March 7th, 2014 Top Strategies for Funding Your Income Gaps Increase retirement savings rate Postpone retirement Implement a pension income technique Postpone activating Social Security Implement a Social Security income Technique Reduce discretionary spending, simplify lifestyle Work full or part-time even at advanced age Use home equity for income Convert managed assets to guaranteed income for life Do one or any combination of these strategies.
Continue Reading »

Mar
06
What Are 8 Choices to Get a Will or Update a Will?
Submitted by Stewardship Matters, Inc. on February 27th, 2014 http://legalshieldassociate.com/st  Best to know the spectrum of choices and there may be more, but here are the main categories of getting your legal affairs addressed. I am not an attorney and this should not be construed as advice, rather as someone who gets requests from individuals and couples on how to address the decision or choices available to get a Will or Update existing one. We have counseled hundreds of individuals regarding their overall plans and getting your legal docs in order should be a high priority. Here are the 8 main ways to address your legal docs. 1) Do nothing. The State of Florida will dictate who handles your matters, who will be designated...
Continue Reading »

Mar
06
Dealing With Loss of Loved One
Tags: 2014
Submitted by Stewardship Matters, Inc. on February 17th, 2014 Planning your estate is not just about your finances, there is so much more than just your money, it is planning on how to allow your loved ones to continue living without you being there to help. It is putting in place a plan of action for your family to follow. Do you have someone to help design a plan with and for you, and will be the family’s advocate for you and your loved ones? Does it feel a little overwhelming thinking about planning your personal estate? Are you relying on some radio guru or maybe a Do it Yourself online course with DVDs or do you have a relationship with a trusted counselor? Does your counselor have perspective that fits well with your faith and...
Continue Reading »

Mar
06
Life Insurance Stewardship
Submitted by Stewardship Matters, Inc. on February 17th, 2014 What is Life Insurance Stewardship and Why Does it Matter? Stewardship is defined as entrusting another to care for and oversee the proper and ongoing management of another party's resources.  Life insurance is typically not a stewarded asset, nor is it appreciated by many in wealth management or fiduciary circles.  Many other professionals struggle with life insurance as an asset class, for it does not have daily valuations in the traditional way as do many other financial instruments.  Large surrender costs, fees, and non-disclosed costs hamper or restrict proper evaluations and audits.  There is currently no standard of disclosures; fortunately the Financial Planning...
Continue Reading »

Mar
06
Life Insurance Research Marketing Association or LIRMA Findings
Tags: 2013
Submitted by Stewardship Matters, Inc. on December 6th, 2013 LIMRA Facts About Life Insurance Fewer American Adults Own Life Insurance—an all-time low as 41 percent (95 million) of U.S. adults have no life insurance at all Troubling Declines for Men—Since 2004 the likelihood of husbands having any life insurance has declined across every income level—low, middle and affluent. Women Lag Behind in Life Insurance Coverage—women ages 55 and older are still considerably less likely than men the same age to own life insurance More U.S. Adults Are Relying on Employer-Sponsored Life Insurance—the percentage of adults having group life insurance has surpassed adults owning individual life insurance (36% to 35%) According to ?The Facts of Life...
Continue Reading »

Mar
06
The Hidden Balance Sheet
Tags: 2013
Submitted by Stewardship Matters, Inc. on December 5th, 2013 The “Hidden Balance Sheet” for retirees or pre-retirees is too often overlooked and sets up false expectations for the future. A balance sheet is made of assets and liabilities listed in two columns and the difference in the two is referred to as net worth. When you take the assets and subtract liabilities you arrive at your net worth, net worth can be positive or negative. Accounting 101, informs both business owners and individuals that income and expenses are the basis for a balance sheet.  Assets on the balance sheet help produce income but if expenses are high then there is a drain on income and thus less addition to assets.  Look at your major asset buckets like your home,...
Continue Reading »

Mar
06
Fiduciary Duties Inside Retirement Plans i.e. 401(k)
Tags: 2013
Submitted by Stewardship Matters, Inc. on December 2nd, 2013 Two ways for employers to engage some significant reductions to liabilities: One is referred to as ERISA 3(21) and the other is ERSIA 3(38).  Plain english translation there are provisions that provide employer's some relief from the mounds of liabilities being heaped on employer's. Big changes on 401(k) Plans and responsibilities are now clearly defined for employers.  What is at stake? Everything is at stake if employers have not taken on proper process to either address and mitigate or transfer the risk altogether.  Can you transfer risk of fiduciary to another? Yes, you can and the Tax Code Section that deals with the most complete transfer of fiduciary risks is ERISA...
Continue Reading »

Mar
06
Personal Motivations for Starting a Family Foundation
Tags: 2013
Submitted by Stewardship Matters, Inc. on November 26th, 2013 Ever thought of setting up your very own Private Family Foundation? According to Foundation Source, the largest provider of comprehensive support services for private foundations in the United States, there are 5 personal reasons  for setting up a Private Family Foundation. Having the family name endure beyond your lifetime. Use Talents, Skills and Experience in a different way. Give back to community where wealth was created. Champion a personal cause, viewpoint, faith, or philosophy. Side step unsolicited requests. However, if you are motivated by reasons #1, #3, or #5 and the amount of initial funding is less than $500,000, and you are unlikely add additional money,...
Continue Reading »

Mar
06
AssetMark Platform Serves Investors and Their Advisors
Tags: 2013
Submitted by Stewardship Matters, Inc. on November 21st, 2013 According to Dalbar Research, (leading researcher of private investor behaviors), most investors have dreams and goals and having an advisor goes a long way to ensure success. Here at Stewardship Matters we help you achieve your goals and dreams and part of our success comes from us utilizing the AssetMark investor platform. AssetMark formerly known as Genworth Private Asset Management is business platform for serving advisors who in turn serve investors. Using AssetMark, the advisors at Stewardship Matters have access to top financial firms that employ highly skilled strategists and their well thought out processes not normally available to individual investors. AssetMark...
Continue Reading »

Mar
06
Emotions Can Lead You Astray: Hire a Strategist or Money Manager?
Tags: 2013
Submitted by Stewardship Matters, Inc. on November 21st, 2013 I use to go out and hire money managers on a daily basis for individuals and institutions or 401(k) plans.  Process and due diligence have changed my mind about doing that going forward. Why the change?  Process and procedures and overview make for less surprises and more consistent management of assets.  I did not say that performance over a certain period of time will exceed or excel selecting money managers. Each strategist has a method and process for selecting and monitoring on a daily basis the money mangers.  Many of the best and largest management teams in the country are now accessible in this format as the minimums of say $100,000,000 are not an issue. This is very...
Continue Reading »

Mar
06
11 Buckets of Clarity in Personal Financial Planning by Ron Blue
Tags: 2013
Submitted by Stewardship Matters, Inc. on November 21st, 2013 Used with permission. Sometimes it is easier to see the planning on one page than diving into pages of forecast, asset allocations and future values. Talking through your priorities and creating a system and process to monitor all of it is the basis of iSteward.
Continue Reading »

Mar
06
It’s a Small World
Tags: 2013
Submitted by Stewardship Matters, Inc. on November 12th, 2013 Does your portfolio diversification look like the present or more like the 1980's? I recall when adding international stocks in the 1980's did a lot to help reduce risk and increase returns.  Not so much today as we are more and more connected with the rest of the world. Walt Disney said it best, “it’s a small world after all.”  The chart above shows the progression of changes to portfolios employed to reduce fluctuations and risks.  The objective is to smooth out the highs and lows and do so in a way in a secure manner. Large pensions and institutions make use of specializes processes and calculations in the design of their portfolios, now these processes can be utilized and...
Continue Reading »

Mar
06
Term Life Insurance Quotes
Tags: 2013
Submitted by Stewardship Matters, Inc. on November 6th, 2013 Term Quotes verses Agent calling on public?  Not an either or, rather "both and" is the new preferred choice. Get great 24 hour quotes with top rated insurance carriers and if you choose to have an experience agent for no extra costs you can. Case Study:  Joe dies suddenly while out of town on a business trip leaving behind Mary his spouse of 30 years.  Out of convenience three years prior Joe and Mary purchased a term policy online without a local agent.  It seemed prudent at the time the price was great the timing of buying over a week-end between business trips was just easy.  Did you know that for the same price Joe and Mary paid online for Term Life Insurance they could...
Continue Reading »

Mar
06
Financial Planning: How verses Why
Tags: 2013
Submitted by Stewardship Matters, Inc. on November 4th, 2013 Used with permission by Kingdom Advisors.  A Qualified Kingdom Advisor (QKA) should be able to help you navigate and address the why of your planning so the how will become more significant for you and your family and community.  Have you addressed the "why" in your planning?  Would you like to see the impact on your family by doing so? Call and schedule a time to talk with Scott Thomas, QKA, ChFC, CAP about your why.
Continue Reading »

Mar
06
Taxes Perspective by Ron Blue of Kingdom Advisors
Tags: 2013
Submitted by Stewardship Matters, Inc. on November 4th, 2013 Used with permission. Biblical Perspective on Taxes By Ron Blue  In the last newsletter, I shared that one of the most effective ways to create a working spending plan is to understand that money can only be spent in five ways: Taxes, Giving, Debt, Saving/Investing, Lifestyle. The "five buckets" model allows people to see that all financial decisions are inter-related, and effective budgeting requires intentional prioritization of these five areas. Today I want to share a few thoughts about, perhaps, the most avoided bucket – taxes. It's tax season, and whether or not we are ready, April 15th is coming. Going back to the ancient wisdom of the Bible, we read one of...
Continue Reading »

Mar
06
Five Buckets by Ron Blue
Tags: 2013
Submitted by Stewardship Matters, Inc. on November 1st, 2013 Used with permission. The Five Buckets By Ron Blue Did you know that there are only five places your money can go? I have found that one of the most helpful diagrams when it comes understanding the flow of money is the "five buckets diagram." As you can see, all of your income is divided among five key areas: giving, taxes, savings/investments, debt, and lifestyle. Of the five short-term uses of money, two are productive in nature and three are consumptive. Both saving and giving will yield a harvest later on; taxes, debt, and lifestyle represent areas where you money is consumed by the spending decision. When you know your spending level in these five areas, you can...
Continue Reading »

Mar
06
Retirement verses Re-Hirement by Ron Blue
Tags: 2013
Submitted by Stewardship Matters, Inc. on November 1st, 2013 Used with permission. Retirement vs. Re-Hirement By Ron Blue  Retirement is a relatively new concept in America. When Franklin D. Roosevelt signed the Social Security Act into law in 1935, it provided for Social Security benefits to begin at age 65, an age based on the actuarial tables for people born in 1930.  At that time, the average life expectancy for men in the United States was 58 years old, and the average life expectancy for women was 62 years.[1] So, when Social Security began, the government expected relatively few Americans to actually live to receive their benefits. On the one hand, we can be glad that our life expectancies have come so far in such a brief...
Continue Reading »

Mar
06
Lifestyle Guidance by Ron Blue
Tags: 2013
Submitted by Stewardship Matters, Inc. on November 1st, 2013 Used with permission. Lifestyle By Ron Blue As I recently shared, there are five places that your money can go in the short-term: taxes, giving, lifestyle, debt, and saving. By far the most complicated and far-reaching bucket is lifestyle. How much is enough? How do I implement an effective budget? How do we plan effectively for our family when money causes so much conflict? Almost every daily financial decision that we make can be categorized in the lifestyle bucket…everything from the purchase of a latte to the purchase of a new car or home falls into this category. What are the "guardrails" that God has set up for our lifestyle decisions? Does the Bible offer...
Continue Reading »

Mar
06
Monitor Progress and Increase Collaboration
Tags: 2013
Submitted by Stewardship Matters, Inc. on October 31st, 2013 Monitor Progress: With a daily snapshot of your progress, we can alert and remind you of financial factors that may impact your ability to achieve your goals. This relieves you of organizational burden, allowing you to focus your energies on what matters most in your life. Increased Collaboration: Our wealth management system provides both you and our team with secure view of your financial progress. We can collaborate with you online at anytime, no matter where you are.
Continue Reading »

Mar
06
Envelope System for Teaching Children About Money
Tags: 2013
Submitted by Stewardship Matters, Inc. on October 31st, 2013 Used with permission. The Envelope System By Ron Blue My wife and I always hoped that our kids would make plenty of mistakes while they were under our roof so that we could coach them through the aftermath of poor choices. Money was top on our list of areas where we wanted them to experience the choice/consequence connection, and we found that the best way to teach our kids how to manage money was to put them on a cash-based envelope system. It went like this… We determined how much we were already spending on them – their clothing, their spending money, their birthday gifts to friends, their charity drives at school or church, etc. Once we determined the amount, we...
Continue Reading »

Mar
06
Debt Article by Ron Blue
Tags: 2013
Submitted by Stewardship Matters, Inc. on October 31st, 2013 Used with permission. Debt By Ron Blue As I recently shared, there are five "buckets" where your money can go in the short-term: taxes, giving, lifestyle, debt, and saving. One of the "buckets" that can be eliminated with financial discipline is debt. Most Americans struggle with a debt load of some sort. If you do not have any credit card, auto or school debt, and if you only have mortgage debt, you are better off than a majority of your peers. However, the Bible is clear that any debt causes us to be in bondage of some sort. ("The borrower is servant to the lender." Proverbs 22:7b Having a cash flow management system that will allow you to pay off your debt, in...
Continue Reading »


RECENT POSTSCATEGORIES


 
 
 

  > Sitemap > Legal, privacy, copyright and trademark information

Get in Touch 

511 N. Maitland Avenue , Maitland, Florida 32751
(407) 644-9411 ext 2  |   scott@stewardshipmatters.net

Stewardship Matters, Inc. is registered investment advisor with State of Florida.


Copyright © 2017 Stewardship Matters, Inc.. All rights reserved.


This communication is strictly intended for individuals residing in the state(s) of FL. No offers may be made or accepted from any resident outside the specific states referenced.
 


Check the background of this financial professional on FINRA's BrokerCheck.