Much has been written about the 401k retirement plan. It's one of the most popular retirement plans available, and chances likely that your company offers this benefit to you. What isn't as well-known, but is just as beneficial when saving for retirement, is the 403b retirement plan. Let's take a brief look at what it is, who's eligible, and other important details. What is a 403b plan? It's … [Read more...]
Contribution Limits 2011 – IRA, 401(k), 403(b)
Not, much breaking news here, but just an informative update. The IRS announced (October 28, 2010) cost-of-living adjustments applicable to dollar limitations for pension plans and other items for tax year 2011. 2011 Contribution Limits – IRA, 401(k), 403(b) The contribution limits for 2011 are unchanged from the limits in 2010. 2010 2011 IRA Contribution … [Read more...]
Tithing (Giving) While in Debt
The following is a question related to giving/tithing while in debt that a reader emailed to me: How do you balance good stewardship and putting God first – or is there a difference? Let’s say you have gotten into a lot of debt, learned a lot of hard lessons and are doing everything possible to improve your financial situation. You have worked diligently to cut expenses wherever possible and … [Read more...]
Reflections from Preacher’s Breakfast in Ontario, Canada
Last week I spent time sharing at a preacher’s breakfast with some wonderful men of God here in Ontario, Canada. I spent many of my formative years in this area and many of those who attended are spiritual mentors with years of ministry experience. I was honored to be able to present some of my reflections on finances from a biblical perspective. I hope I was able to provide some valuable … [Read more...]
Graduated Tithe: A Giving Strategy
There are lots of people who introduce strategies for getting wealthy, saving a million dollars, or for getting out of debt. I want to introduce you to a helpful giving strategy. For people who do not need be concerned about tithing while in debt the graduated tithe challenges them to give more. The graduated tithe was a concept I was introduced to by reading Ronald Sider. Just … [Read more...]