cjcagle My wife and I recently had the privilege of assisting a widow in our church with some legal/financial issues after her husband’s passing. It was my first experience with the “Clerk of the Superior Court” in my county. Fortunately, this woman and her husband had their affairs in order. They had a will and a … Read more
I recently discussed asset allocation and diversification with some friends, a couple in their 50s. In the context of that conversation, they asked me what I thought about Dave Ramsey’s investing recommendations. (They were concerned that they may invest too conservatively for their age and goals.) I told them that I respect Dave and agree … Read more
In a previous article, I touched on the risk that rising interest rates present to retirees. There are risks—the negative impacts of rising rates—but there are also benefits, especially for savers and retirees. But to the extent that higher rates are usually associated with inflation, the scale tips toward the negatives and less toward the … Read more
In the last article, we looked at what I believe to be the greatest risk in retirement: retiring without a clear sense of calling and purpose. But I also mentioned some other risks—the financial ones. The Bible encourages us to take wise precautions as part of good stewardship to protect ourselves from the adverse effects … Read more
If you’re young, the most critical retirement risk you face right now is that you may be hoping to retire someday, but you haven’t given much thought to retirement planning. Or maybe you’re counting on Social Security and Medicare for your financial security in retirement; after all, you’re paying taxes, right? In fact, not saving … Read more
I recently had the opportunity to do a seminar on a Christian’s retirement at a church that’s part of our denomination. It’s a large church with a sizeable number of older folks. The seminar wasn’t only about the financial aspects (it was one of three sessions), but a recent study that I used to frame … Read more
In the last article, we examined the first of two main types of systematic withdrawal strategies for sustainable retirement income: fixed withdrawals. In this article, we look at variable strategies. A variable strategy may be a better fit for some retirees, as financial advisors often suggest you adjust your spending based on your portfolio’s value. … Read more
In a recent article, I discussed spending in retirement and whether our costs go down as we age. In this article and the next, we’ll look at the other side of the equation: generating income, specifically the different ways to withdraw from savings to fund your spending, hopefully for as long as you live. This … Read more
The 2022 Social Security Fund Trustees’ Report is out, and here’s the latest on Trust Fund solvency: The Old-Age and Survivors Insurance (OASI) Trust Fund, which pays retirement and survivors benefits, will be able to pay scheduled benefits on a timely basis until 2034, one year later than reported last year. The fund’s reserves will … Read more
