CIS Wealth Management Group
Owner and Senior Wealth Advisor, Certified Wealth Strategist
Bob Barber is the owner and Senior Wealth Advisor of CIS Wealth Management. He has 33 years of investing experience, starting with real estate back in May of 1984 and financial planning and advisory experience since 1993. For 24 years, Bob has been helping individuals, couples, and families with financial advise from a Biblical perspective.
If you are looking for sound financial advice without compromising Christian values, then CIS Wealth Management is a great choice. Bob is a Certified Wealth Strategist® and has many years of experience in teaching and advising others.
Bob is a Certified Wealth Strategist® and was host of Christian Investors Daily for 8 years on radio stations in San Antonio, Austin, Houston, and Corpus Christi that taught Biblical Principles for finance. He has taught many Bible studies on finance and is the author of 7 Pillars of Biblical Stewardship and Biblical Viewpoints of Money. Bob leads a monthly Bible Study group for Kingdom Advisors for Christian financial professionals in Central Texas.
Bob is currently a member of Kingdom Advisors, a nationwide group of Christian financial professionals. He has led many Wednesday night topical Bible studies at Oakwood Baptist Church and is the Past President of the National Association of Christian Financial Consultants. He is a qualified Kingdom Advisor with Kingdom Advisors and member of Oakwood Baptist Church for the last 15 years.
Bob has spoken and continues to speak for churches and ministries on Creative Giving Techniques, Planned Giving, and Estate Planning. He has been married to the same wonderful woman for 32 years, and they have three grown children. The two oldest are married, and one currently works in the business with Bob. He has lived in New Braunfels for 31 years and is a 6th Generation Central Texan. He attended Southwest Texas State University (now Texas State University) from 1980-1984 and is the current President of Hunters Creek Homeowners Association.
Texas State University
Assets Under Management:
Securities offered through Girard Securities, Inc., member FINRA, SIPC. Investment advisory services offered through Christian Investment Advisors, a registered investment advisor not affiliated with Girard Securities, Inc.
“The Millionaire Next Door” by Thomas J. Stanley & William D. Danko, next, “Family.Money.Five Questions Every Family $hould Ask About Wealth” by David Wills, Terry Parker & Greg Sperry (this one can be downloaded direct from the internet in a PDF) and last “Tested in the Trenches” by Ron Carson and Steve Sanduski.
No, you cannot withdraw funds from your 401k without penalty to pay off debts, but you can borrow against your 401k to pay off a high interest rate debt and then pay back the debt from your 401k at possibly a much lower interest rate that could result in less interest over time. I’m not passing any judgement but the real question that needs to be answered is how did the 40k in credit card debt happen? If you borrow from your 401k to pay off the credit card debt what will keep the same thing from happening again? I would suggest you seek out a budgeting class, which are many times offered through local churches. We have a Budgeting and Debt Elimination Coach on our staff - you can view information by clicking here or contact us for more specific information about your situation.
As an older advisor of 20 plus years, I love to be paid just for owning a stock. You can easily see what the dividend is for a publically traded stock on just about any financial website like Google Finance or Yahoo Finance. Most companies that pay dividends are larger and more established companies that are passing back some of their income to their shareholders. Dividends are not guaranteed and the dividend yield may fluctuate. Many high growth companies don't pay dividends because they are reinvesting all their earnings back into the company for future growth. Feel free to schedule a meeting with me for more information of your particular situation, as I can only give generic information and not specific advice without knowing more about your situation.
Most income riders on annuities guarantee an income for a stated period of time or life. Many income riders also have very strict rules about how much can be withdrawn on an annual basis and if the amount is over a certain percentage, the rider will be voided.
There are as many different variations of income riders and rules as there are annuities.
Because riders provide some additional benefit to the policy owner, an extra premium may be charged, as well as additional restrictions. Guarantees are based on the claims paying ability of the issuing company.
The question, “should she have a rider” depends on many factors and what your mom’s complete financial situation is. Feel free to schedule a meeting with me for more information of your particular situation, as I can only give generic information and not specific advice without knowing the complete financial picture.
Do not wait. Just this week Janet Yellen, the Fed chairman said she is planning on raising rates soon.
This answer is intended for informational purposes only and is not intended to provide specific tax, legal, or investment advice. I invite you to schedule a meeting with a me for more information regarding your specific situation.