Rob West

10 Financial Moves for 2021 with Mark Biller

December 17, 2020
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It won’t take much for the new year to be an improvement, especially if you plan now to fine tune your finances. Rob West and Steve Moore sit down with investing expert Mark Biller to find out how.  Mark is the executive editor at Sound Mind Investing (


The folks at Sound Mind Investing have compiled an exhaustive list of important financial moves to make in 2021.  Our starting point as followers of Christ is that we look beyond the here and now and maintain an eternal perspective. We should always be “looking to Jesus, the author and finisher of our faith.”


The point of SMI’s Top 10 article is to give listeners a chance to go through a list of roughly 60 helpful financial moves they can make in the year ahead regardless of where they are on their financial journey.


This article, with the full list of potential action items, is available to MoneyWise listeners at


Here are some examples of steps you might take.


·      Create a spending plan if you don’t have one already, or bring your existing plan up to date. 


·      Get the right tools.  Investigate online platforms that can help you develop and implement a budget (Rob recommends the new MoneyWise app which is based on the “envelope system.”) 


·      Develop a plan for getting out of debt. 


·      Set a target dollar amount for your emergency savings and save toward it.


·      Develop and write down your investing plan.  


·      Choose an appropriate asset allocation.


·      Open an IRA and begin saving in it this year.  If a retirement plan is available at work, take advantage of that.


·      Train yourself to take market turbulence in stride. 


·      Stop watching financial TV!


·      Diversify, diversify, diversify 


·      Get educated about bonds.


·      Consider investing in commodities. Taking a little bit of money from your stock-based investments and redeploying it into commodities is a simple way to add a little bit more inflation protection. SMI has a full article on that idea available as well.


Rob and Mark then talk about financial decisions specifically geared toward retirement, such as Medicare choices, long-term care and newer short-term-care insurance options, which SMI wrote an article about last month.


Lastly, they talked about the idea of “setting your house in order,” meaning equipping your spouse or other loved ones to handle financial decisions, including investment decisions, after you’re gone.  


The Top 10 list article at contains a link to more information about a special software tool they’ve developed which is used often by financial professionals when guiding clients through the decisions needed in retirement and estate planning.  If you’re interested, you’ll find more about the Top 10 article and all the articles mentioned today at


Next, Rob and Steve answer listener questions at 800-525-7000 or by email at including the following: 


·      A caller shares a testimony about tithing and about how her parents taught her Biblical finance years ago.


·      Caller’s ID has been compromised.  She called to find out who to contact and what to do to try to secure her ID and mitigate any damage.  (Rob mentioned the website and also suggested contacting Equifax, Experion and TransUnion.  The quickest and easiest way to do so is online, but you can call as well.) 


·      A caller is interested in an Indexed Universal Life policy as a possible investment vehicle for retirement savings.  Rob weighs in by explaining the pros and cons of this type of policy.



You can ask your own questions at (800) 525-7000 or email them to Visit our website at where you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources like the MoneyWise app.


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About MoneyWise

MoneyWise is a daily radio ministry of MoneyWise Media. Hosted by Rob West, the program offers a practical, biblical and good-natured approach to managing your time, talents and resources.

About Rob West

Rob West is the host of the nationally syndicated radio programs MoneyWise and The MoneyWise Minute heard on more than 900 radio outlets each day. Rob also serves as the President of Kingdom Advisors, an international community of financial professionals who are specialists in delivering biblically wise financial advice. Rob serves as primary spokesperson for the organization and gives leadership to organizational strategy.

A radio veteran, Rob previously co-hosted a live, call-in, financial radio program with his father from 1998 through 2008 at WAFG, Fort Lauderdale, FL. Rob has dedicated his professional career to working at the intersection of faith and finance having led a successful faith-based financial services firm, serving as the host of several radio programs on a biblical approach to finance, and speaking frequently on the topic. Rob and his wife, Julie, live in Marietta, GA with their four children.


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