Episode 28 | 3 Must-Know Financial Tools | Guest: Robby Scholes
Feb 3, 2021 ·
30m 49s
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Description
It is time to learn about some important financial tools that are out there. In this episode, Art talks with financial expert, Robby Scholes, about three must-know financial tools. It...
show more
It is time to learn about some important financial tools that are out there. In this episode, Art talks with financial expert, Robby Scholes, about three must-know financial tools. It is fun and informative conversation. Plus, Art answers questions about debt, retirement, and Social Security.
Listener question answered:
Question 1: Should I pay off debt or save for retirement first? Also, should I take from my retirement to pay off debt?
Question 2: I am considering taking Social Security early at age 62. Can I also work full time?
Notes:
3 Reasons not to take money from your retirement:
1. 10% penalty
2. Ordinary income taxes
3. Opportunity cost (compounding)
Episode Sponsor:
Most churches struggle to get people to give. SecureGive has created a system that helps churches increase giving so their ministry is funded to reach their community. SecureGive helps churches increase giving in 3 ways: software that makes giving easy, a custom growth strategy, and ongoing stewardship resources. They stand out by offering a real ministry partnership, the most cost-effective solution with the lowest processing rates, and the most comprehensive giving platform available. Use the code 'RAINER20' to get 20% off your first year! Learn more here: https://www.securegive.com/
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Listener question answered:
Question 1: Should I pay off debt or save for retirement first? Also, should I take from my retirement to pay off debt?
Question 2: I am considering taking Social Security early at age 62. Can I also work full time?
Notes:
3 Reasons not to take money from your retirement:
1. 10% penalty
2. Ordinary income taxes
3. Opportunity cost (compounding)
Episode Sponsor:
Most churches struggle to get people to give. SecureGive has created a system that helps churches increase giving so their ministry is funded to reach their community. SecureGive helps churches increase giving in 3 ways: software that makes giving easy, a custom growth strategy, and ongoing stewardship resources. They stand out by offering a real ministry partnership, the most cost-effective solution with the lowest processing rates, and the most comprehensive giving platform available. Use the code 'RAINER20' to get 20% off your first year! Learn more here: https://www.securegive.com/
Information
| Author | Art Rainer |
| Organization | Art Rainer |
| Website | - |
| Tags |
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