For older workers starting to think about retiring, or already in retirement, the economic turmoil the coronavirus pandemic triggered caused reactions similar to what many felt just over a decade ago at the start of the “Great Recession.” In 2008, the stock markets lost nearly 40 percent, accompanied by steep declines in real estate. The…
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Redeeming Stewardship Failures
Financial crises have a way of revealing the weaknesses, and sometimes failures, of our stewardship practices. As renowned investor Warren Buffet humorously once said, “Only when the tide goes out do you discover who has been swimming naked.” The 2008-2009 recession showed American’s overdependence on debt, especially real estate mortgages. Many were house rich and…
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My View From the Cheap Seats
We will learn a lot from this pandemic. But perhaps its greatest lesson—one that history teaches us over and over again—is that we can neither predict the future nor control it. At best, the only thing we can do is to anticipate adverse events and plan for them accordingly. Now that the “coronavirus recession” is…
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Retirement Stewardship Q&As During This Time of Coronavirus
A lot has changed in the social and economic landscape in the last few weeks. The far-reaching effects of the spread of the coronavirus have spared no one—we have all been affected one way or the other. It is truly one of those times when God “makes his sun rise on the evil and on…
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