Videos

The Secure Act 2.0 enhances retirement savings for those 50 and older with increased catch-up contributions. Starting in 2025, individuals aged 60 to 63 can contribute even more to their 401(k) and IRA accounts. This is a great chance to compensate for lost ground or boost your savings as retirement…

Maintaining stable credit is crucial for a healthy credit score. Closing accounts or carrying unusually high balances can negatively impact your score. As a former credit union executive, I valued stability in borrowers, and scoring models reflect this. High-risk borrowers often face higher interest rates due to risk-based lending. Keep…

Each new credit application can cause a small, temporary drop in your credit score, so applying selectively is essential. As a former credit union lending decision-maker, I scrutinized multiple applications for signs of underlying issues or financial stress. Be strategic and cautious to maintain a healthy credit score. #CreditScore #FinancialHealth…

In this episode of the Ask Ralph Podcast, host Ralph Estep Jr. addresses a common financial concern: how to boost your credit score quickly, especially if it has dropped below 700. Ralph answers a listener's question about unexpected drops in credit scores and provides practical, actionable advice on improving it.…

Late payments can significantly impact your credit score, making timely payments crucial. Set up automatic payments for at least the minimum amount due to avoid late fees and protect your credit. You can still make extra payments as needed, but automation ensures you're never late. #CreditScore #FinancialTips #AutomaticPayments #MoneyManagement

Just like you wouldn't trust your money to a bank with a leaky vault, don't trust your online banking to just anyone. Stick with well-known banks and credit unions with a solid security track record. Look for institutions that offer two-factor authentication, which adds an extra layer of security by…

I know you've heard this a million times but creating strong, unique passwords is extremely important. A strong password is at least 12 characters long and includes a mix of uppercase and lowercase letters, numbers, and symbols. Don't use the same password for multiple accounts—it's like using the same key…

Be wary of phishing scams, Danielle. These emails or text messages trick you into giving up personal information, like your bank account or social security number. They often look like legitimate messages from your bank or a government agency. Remember, your bank will never ask for your personal information via…

Are you feeling overwhelmed by the digital financial landscape? Do you worry about falling victim to online scams or losing your hard-earned money with one wrong click? In this episode of the Ask Ralph Podcast, host Ralph Estep Jr. tackles the challenges of online banking. He addresses common fears and…

Are you feeling overwhelmed by credit card offers flooding your mailbox? Do you want to make the most of credit cards without debt? With countless options and tempting rewards, choosing the right card can seem daunting. If you're new to credit cards, you might wonder how to pick the best…

Choose a credit card with clear and simple terms, Danielle. Avoid cards with confusing fees or complicated reward structures, especially as a beginner. Look for options designed specifically for building credit or consider secured credit cards. These often have lower credit limits and help you establish a positive credit history.…

Many credit cards offer rewards like cashback, travel points, or discounts. But here's the catch, Danielle: keep the allure of rewards from leading you into spending more than you can afford. The goal is to use the card responsibly. Pay your balance in full each month and let those rewards…

Building good credit is essential, Danielle. It's like your financial report card, affecting your ability to get loans, rent apartments, or secure certain jobs. A simple, no-frills credit card with a low or no annual fee is ideal for beginners. #CreditBuilding #FinancialTips #CreditCards #BeginnerFinance

How Do I Stop Comparing Myself to Others and Find Contentment in Christ? | Ask Ralph Podcast In this episode, Ralph Estep Jr. explores the pervasive issue of comparison and how it affects our sense of contentment, especially in our financial lives. Ralph shares practical advice and biblical wisdom to…

Your value is not defined by your net worth but by being a deeply loved child of God. Find contentment in His love, grace, and unique purpose for your life. Break free from the comparison trap and embrace your true worth in Christ. #TrueValue #ChildOfGod #ContentmentInChrist #BreakFreeFromComparison #FaithAndPurpose

Comparison can make us feel inadequate and unhappy, robbing us of the present moment and the blessings around us. It's easy to fall into this trap, especially when building a business. Remember, everyone's journey is unique. Focus on your own path and trust in the process. #ComparisonTrap #FindYourJoy #StayPresent #SelfAcceptance…

True contentment isn't found in material possessions but in your relationship with God. Seek contentment in Christ, knowing He is your provider, protector, and ultimate source of peace and joy. Focus on your faith to find lasting fulfillment. #ContentmentInChrist #Faith #SpiritualJourney #PeaceAndJoy #TrueFulfillment

Life insurance provides crucial financial support to your family if you pass away unexpectedly. It can cover debts, fund college savings, and pay final expenses, ensuring your family isn't financially burdened. Protect your loved ones by securing the right life insurance policy. #LifeInsurance #FamilySecurity #FinancialPlanning #DebtProtection #CollegeSavings

Term life insurance is ideal for covering your family during your high-earning years and while your kids are young. Whole life insurance suits high-net-worth individuals for estate planning. The key is to have coverage in place for peace of mind. Consult a financial adviser to find the best policy for…

In this episode of the Ask Ralph Podcast, host Ralph Estep Jr. talks about life insurance. He explains how to determine the right amount of life insurance, the differences between term and whole life policies, and which option may be best for your family's needs. Ralph also talks about the…

Choosing between term and whole life insurance can be challenging. Term insurance offers affordable, temporary coverage, while whole life insurance provides lifelong protection and builds cash value. Understand the benefits of each to make the best decision for your needs. #LifeInsurance #TermVsWhole #FinancialPlanning #InsuranceOptions

Before rushing into refinancing, understand the qualifications. Lenders assess your credit score, debt-to-income ratio, and your home's loan-to-value ratio (LTV)—which compares its market value to the potential loan amount. Cash-out refinances typically go up to 80% of your home's value. A good credit score and low debt-to-income ratio usually secure…

Refinancing is a significant financial decision that requires careful consideration. Before proceeding, pray, seek wise counsel, and align your motivations with your faith values. While refinancing can improve your financial situation, weigh the pros and cons thoughtfully. Consider your goals and invite God's guidance into your decision-making process for clarity…

Refinancing could save you thousands if interest rates have dropped significantly since your original mortgage. However, current rates might be higher than what you're paying, making refinancing less attractive. Many homeowners are holding onto their low-rate mortgages amidst inflation concerns. If rate savings aren't the goal, consider refinancing for shorter…