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How to Offer Catholic Investment Options to Your Employees w/ Daniel Catone of Arimathea

Faith, Hope and Payroll Podcast

Eric Jones and David Franzonello are joined by Daniel Catone of Arimathea, a Catholic asset manager, to look at what is actually held inside the retirement accounts business owners offer their employees. Daniel walks through the three categories the U.S. bishops’ 2021 investment guidelines use to sort companies, with a real example from each, and explains why owning even one share carries a responsibility to engage. Eric, who offers a simple IRA at his own company, asks what Catholic options exist. In This Episode: ●      A spouse with no outside income can still open and fully fund an IRA, and spouses are each other’s beneficiaries by default ●      The three categories in the U.S. bishops’ 2021 investment guidelines, and why Daniel’s firm treats Eli Lilly as a company to avoid while engaging companies like Verizon ●      Why owning even one share comes with a responsibility to influence the company, and how writing to the company or to your fund manager is one way to act on it ●      How to get your portfolio reviewed for compliance with Catholic Social Teaching—completely free. ●      Which Catholic funds fit in a simple IRA, and why a 401(k) limited to one provider’s lineup restricts those choices Resources Mentioned: ●      Workforce PayHub ●      Arimathea Investing ●      The Little Book of Catholic Investing ●      USCCB Socially Responsible Investment Guidelines (2021) ●      Mensuram Bonam: Faith-Based Measures for Catholic Investors Chapters: ●      00:00: Welcome and Daniel Catone’s Background ●      03:11: Putting God First in Financial Planning ●      05:10: IRAs for a Spouse Without Outside Income ●      08:45: What the Church Teaches About Investing ●      11:04: The U.S. Bishops’ 2021 Investment Guidelines ●      14:26: Company Examples From Each Category ●      19:28: Everyday Products and Where to Draw the Line ●      27:02: Why Shareholders Are Called to Engage ●      32:15: Should You Drop Your Costco Membership? ●      34:48: Knowing What Your 401(k) Holds ●      44:07: Catholic Options for Employer Retirement Plans ●      48:25: How to Reach Arimathea Produced by Saint Kolbe Studios