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Faith & Finance

Christian talk radio with Rob West

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Broadcast Episode

February 18, 2023

Changes Coming to Roth Accounts

The new spending package passed by Congress contains important provisions for those with unused money in 529 education savings accounts. Starting in 2024, up to $35,000 of that money can be rolled into a Roth IRA, if it has been in the account for 15 years. The legislation also enables employers to help workers save for emergencies, helps workers repay student loan debt, and makes retirement plans more accessible to part-time workers. Additionally, those with Roth accounts may get the biggest win coming out of the legislation, as they do not have to start withdrawing money when they reach age 72. The legislation also allows employers to put their matching contributions into an employee’s Roth or conventional 401k, and those earning more than $145,000 will have to put their catch-up contributions into a Roth 401k and pay taxes on it going in. These changes will help people make wise decisions about their retirement savings.

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About Faith & Finance

How does your faith in Jesus influence your daily financial decisions? As believers, our faith must be the foundation of our financial stewardship, which is why we're excited to announce that the MoneyWise radio show is now Faith & Finance. Join Rob West and special guests as they address today’s financial questions with biblical answers. To be a part of the broadcast, call 1 (800) 525-7000 or you can email your questions to: [email protected]

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Broadcast Episode

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Broadcast Episode

Wednesday, June 12

Giving as a Couple

Knowing where and how to give to God’s Kingdom can be a challenge for any individual. But that’s even more true for married couples. On today's Faith & Finance Live, host Rob West will welcome Bob Doll to explain that agreeing with your spouse specifically about giving is just as important as agreeing with them about the rest of your finances. Then Rob will answer calls on various financial topics. See omnystudio. com/listener for privacy information.

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Broadcast Episode

Tuesday, June 11

Biggest Financial Mistakes

Some people learn from the mistakes of others. But some people have to be “the others” who actually make the mistakes. Fortunately, you can avoid becoming one of them simply by dodging some common mistakes. On today's Faith & Finance Live, host Rob West will talk to Ron Blue about some of the biggest financial mistakes you’ll want to avoid. Then Rob will answer some caller questions on different financial topics. See omnystudio. com/listener for privacy information.

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Broadcast Episode

Monday, June 10

Eat In, Save Big

Based on some estimates, the average household spends an astonishing 40% of its food budget eating out. But should we be spending that much on convenient ways to eat? On today's Faith & Finance Live, host Rob West will explain how making changes to your food budget can easily save you a lot of money and calories. Then Rob will answer some questions on various financial topics. See omnystudio. com/listener for privacy information.

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