Financial News and Articles with Dustin Allen in Allen TX

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I saw this recommendation recently and wanted to get your thoughts: 50/30/20 budget: 50% Needs: -Housing -Utilities -Insurance -Groceries -Healthcare -Transportation -Personal Care 30% Wants: -Amusement -Shopping -Dining Out -Subscriptions 20% Savings: -Retirement -Emergencies -Investing -Debt Pay-off I’m interested to hear your thoughts. What’s missing? What would you add? Anything you would remove? Please don’t take this post as a suggestion. Budgets are personal. Be sure to talk with your advisor before locking in your percentages. If you don’t have an advisor or want a second opinion, let’s talk. Disclosures thrivent.com/social

Thrivent Social Media Privacy Policy, Guidelines, Disclosures & DisclaimersHow to Grow Wealth: A Biblical Perspective As a financial advisor at Thrivent, I often emphasize the power of discipline over time. Not only is this a simple yet profound concept that can significantly impact your financial future, but it is also a Biblical principle that we see throughout the Scriptures. The Bible speaks to the wisdom of prudent financial management in many places. One place it is mentioned is Proverbs 13:11 which says, "Dishonest money dwindles away, but whoever gathers money little by little makes it grow." This points to steady, consistent growth over time. Practical Steps: Start Early: The sooner you invest, the more time your money has to grow. Be Consistent: Regular contributions can lead to substantial growth. Stay Patient: Compound interest rewards those who stay the course. Let's connect and discuss how you can harness the power of consistent discipline + compound interest to secure your financial future, guided by timeless biblical principles. #FinancialPlanning #BiblicalWisdom #ThriventFinancial #WealthManagement thrivent.com/social

Portfolio diversification: Importance, benefits & how to startIs your portfolio diversified? Having a mix of investments can help you manage risk, reduce volatility and build a reliable foundation for your long-term financial goals. Here are 4 primary components to help you diversify. ⬇️

Three weeks. Three events. Three very different audiences. Girl dads. Teachers. Professionals from all walks of life. The topics changed slightly, but the goal stayed the same: helping people better understand their finances through conversations about the Financial House, tax-efficient planning, and the Five Phases of an IRA. Because good financial principles can benefit anyone. #Thrivent #FinancialEducation #RetirementPlanning #TaxEfficiency For educational purposes only. Consultation with a tax or legal professional is recommended for individual guidance. www.thrivent.com/social

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7 ways to help reduce your taxable incomeSeeing your hard-earned money go towards taxes can be frustrating. However, there are ways you can help reduce your tax burdens and become more tax efficient. ⬇️

Thrivent Social Media Privacy Policy, Guidelines, Disclosures & DisclaimersHere are some recent client questions I've received the last few weeks: - I heard life insurance could help me leave less of a tax burden to my children when I pass and be a good idea when it’s time to take my RMDs. Can you tell me more about that? - Should I replace this annuity with a different one? - Can this annuity help me pay for my upcoming move and house near the beach? - How can we start saving? We are both bad at it. - My pension with cover our necessary income. How do I navigate these other two lump sums I will receive when I retire? - How should we handle this inheritance? Should we pay off debt, or invest it? All of these questions deserve individual attention, and the answers are specific to your situation. If you don’t have someone helping you navigate these or similar topics, let’s talk. https://calendly.com/dustin-allen-thrivent/thrivent-connect-meeting thrivent.com/social

What an incredible night we had last Friday at our first ever “Pints and Ponys” event at Armor Brewing! Fellowship, fun, and bonding with fellow Girl Dads! We enjoyed great food and drinks and went through a “Dad Braid Bootcamp” learning a basic ponytail, messy bun, basic braid, and French braid! 🍻🍔🎀💆🏻‍♀️ We even had a fierce competition on who could do the best braid, tightest ponytail, and prettiest “messy” bun! 🤣 These competitive dads were not playing around! I saw several guys excited to go home and practice on their daughters and impress their wives! 🏆 Big thanks to Richard Chaves for co-hosting with me, my awesome wife and associate Emily Allen for all the preparation and planning that went into it this last month, and last but not least Armor Brewing Co. for hosting us in their private event space! Special shout-out to Melvina and Tiffany for your hospitality and serving us so well! Can’t wait for the next event! #PintsandPonys #GirlDads #Fellowship #Fun thrivent.com/social

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When should you get life insurance?Not sure when you should get life insurance? Here are different factors to consider that will help you decide when to take the next step. ⬇️

Finances + Generosity | ThriventEven though your personal finances likely start with your personal goals, they can also be a way to support the people, causes and community you love. Who are you building your legacy for?

Better money decisions start with a conversation | ThriventI used to work for a landscaping company. I know how to take great care of my yard. But I don’t... Right now we’re in an “in-between” season where we are renting a house while we search for the right one to buy. When we moved in the lawn was basically nonexistent in the backyard and terribly unhealthy out front. I know exactly what to do to get rid of the weeds and bring the grass back to thriving. But it’s not my yard and I’m not willing to invest the time and money it would take to improve it. I have the knowledge, but I’m choosing not to apply it. The same can be true of our finances. Just because we learned something that could be helpful for us doesn’t mean it will move the needle. We have to apply the knowledge. Application can often be the hardest part. We’re inundated with sporadic advice without any idea how to use it to actually make a difference in reaching our goals. That’s where I can help. Financial advice SHOULD be personal, not generic. There is a lot of great advice out there, but it needs to be applied correctly. Let’s talk about it. thrivent.com/social

Why disability insurance matters & who should get itWondering if disability income insurance is something you need? This resource contains commonly asked questions so you can decide what is right for you. ⬇️

Thrivent Newsroom - 404 Page Not FoundAs a third generation Dallas Cowboys fan I’m a bit conflicted about this announcement 😂 I’m THRILLED that Thrivent has such an awesome NFL partnership, but did it HAVE to be the Packers? 🤦‍♂️ https://newsroom.thrivent.com/2026-07-13-Packers,-Thrivent-Announce-Multi-Year-Partnership-Centered-on-Fan-Engagement-and-Community-Impact

Financial literacy for teens: 6 lessons about money managementOne of the greatest gifts you can offer your teenager is teaching them about money. In a few years, they'll face financial decisions that demand a long-term perspective. Here are ways to start the conversation. ⬇️

Dustin AllenHere are a few questions that I've received from my clients the last few weeks: - I work 2 jobs - can I contribute to both 401Ks? - Can I stay invested in ________ if I transfer these funds to you? - Am I going to outlive my money? - Do I need to call you before I buy this golf cart? - Should we go ahead and pay off the mortgage? - Should we take a premature IRA distribution to pay off debt? Have these questions crossed your mind too? If so, I'd be happy to help. Grab a time on my calendar below for a quick call or a coffee connect: https://calendly.com/dustin-allen-thrivent Disclosures: thrivent.com/social

How to offset inflation's impact on your retirement savingsInflation can sneak up fast, affecting how far your money can go each day. Many people are already feeling the impact of higher prices. Learn how to prepare and take steps to help your money stretch further in retirement. 👇

How to know if you're saving enough for retirementRoadblocks happen, but they don't have to stop your progress. Discover how to stay on track with your retirement goals. 👇

Dustin AllenSome client questions I've received in the last few weeks: - What is a bank CD? How do they work? - Will my income from TRS (Teacher Retirement System) be enough? - Will my spouse be okay if I don’t choose the survivor benefit? - Can I contribute to a Roth IRA now that I’ve stopped working? - How can I leave these properties to my family tax-free? If you don’t have someone helping you with questions like these, let’s talk. https://calendly.com/dustin-allen-thrivent Disclosures: thrivent.com/social

The government could be handing your child $1,000. Regardless of your political affiliation or personal feelings toward our current administration, you should take this money. But before you put more money into the account, we need to talk. . . . . . . . . . Trump accounts are real, and if your child was born between 2025 and 2028, the U.S. Treasury is dropping $1,000 into a tax-deferred investment account in their name. No strings. No catch. Free money. Here’s how to claim it: Who qualifies: U.S. Citizens born January 1,2025 - December 31, 2028 How to sign up: File IRS Form 4547 with your 2025 taxes OR go to trumpaccounts.gov Goes live: July 4-5, 2026 **Take the $1,000. Seriously. Do not leave it on the table. ** But here’s something else you need to know: Just because the government opened the account doesn’t mean you should keep funding it. Depending on your situation, there are strategies that offer more flexibility and better tax advantages. One size does NOT fit all when it comes to building wealth for your kids. Before you start throwing extra money into an account just because it exists, let’s look at what makes sense for your family. Disclosures: thrivent.com'/social

Several factors, like age and marital status, should be taken into consideration when deciding when to start taking Social Security. But those are not the only ones. Learn more about other key factors that impact Social Security: https://bit.ly/44be4hK

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June 2026 Market Update: Stocks and inflation keep risingMarkets up. Risks remain. See what’s driving Thrivent's outlook. ⬇️