Owning a house is a great thing. Mostly because we all need a place to live, and if you are fortunate enough to own your own home, you are truly blessed. Actually, among the developed countries in the world, a relatively large percentage of people do own their homes. The most recent statistics for the…
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Finding Balance in Retirement Stewardship
In a recent chat with a younger friend at church, he expressed a desire to find the right balance in his retirement stewardship. He didn’t use that phrase specifically, but that’s how I understood him. He was talking about his financial resources in general, but planning and saving for retirement is part of that equation….
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Can You Retire? Part 2: Your Income
In the first article in this three-part series on financial planning for retirement, I introduced an approach for answering the all-important question, “Can I retire?” The article focused on the first step: Calculating your essential living expenses in retirement. In this article, I am going to discuss the second major phase of the process: Identifying…
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Can You Retire? Part 1: Your Expenses
Sooner or later, most of us will ask ourselves this question: “Can I retire?” Perhaps because of an unexpected layoff, a health issue, age, or some other factor, we will need to come up with an answer. No matter what the reason or when you decide to retire, you will need to have some idea of…
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