In this article, we are going to consider what role, if any, whole life insurance might play in your retirement income plan. Although the death benefit is still in view, the focus here is on leveraging the cash-value (investment) component to help fund your retirement income stream. More and more retirement planning professionals are emphasizing…
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Should Whole Life Insurance Be Part Of Your Retirement Plan (Part 1)?
A reader recently asked me to take a look at a retirement planning (funding) method using permanent life insurance espoused by Nelson Nash in his book Becoming Your Own Banker. In addition to the life insurance benefit, the author discusses a “be your own bank” approach to funding major life purchases. He also recommends using permanent…
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My New Book, “Reimagine Retirement: Planning and Living for the Glory of God,” Has Been Released!
Well, folks, I have great news: as of today, my new book, Reimagine Retirement: Planning and Living for the Glory of God, has been released by B&H Publishing (LifeWay)! It is a project I have been working on for about 18 months, and I am thrilled to announce that it is available to order from LifeWay.com, Amazon.com, Christianbook.com,…
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Imagining Your Retirement
You may remember these lyrics from the now famous 1971 song “Imagine” that was written and performed by former Beatle John Lennon and his wife, Yoko Ono: Imagine there’s no heaven It’s easy if you try No hell below us Above us only sky Imagine all the people living for today… It’s a simple, melodic song…
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Help—I Think Too Much About My Retirement Savings!
I was recently part of a book study with a group of men who happened to all be younger than me. During a discussion, one of them candidly commented in passing that he thinks too much about his retirement savings. It may have been a confession of sorts, but there wasn’t time to discuss it…
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Social Security Claiming Strategies—Which “Camp” Are You In?
I recently had a conversation with a friend who is a few years from retirement. He said he is planning to claim benefits at his full retirement age (FRA) of 66 regardless of whether he is still working or not. He is in what I call the “take the money and run” camp—those who want…
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Stock Market Volatility and “The Prudent Man Rule”
In case you haven’t noticed, after a relatively “quiet” first half of 2019, volatility has returned to the financial markets in a big way. The stock market was down about 3 percent just the other day. As I understand it, uneasiness about a trade war with China, a global economic slowdown, and increasing tensions with…
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