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
We discussed paying off the mortgage and home equity in the last article and how our house decisions are both financial and emotional, and very personal. There’s also a spiritual component. We want to seek God’s guidance for any major home or home-financing decisions to ensure that we wisely steward the gifts he has given … Read more
Real estate and mortgages are very much in the news right now. The market is “hot,” and long-term interest rates remain at historic lows. Therefore, lots of people are thinking about selling—perhaps to upgrade or downsize. Others want to refinance to reduce their payments or to get access to some of their equity for improvements, … Read more
As I mentioned in my last article about spending in retirement, this one is a chapter from my new book, which I plan to self-publish very soon. The book, which will be titled “Redeeming Retirement: A Practical Guide to Catch Up,” is targeted at the large number of middle-aged and older households who realize (or … Read more
As we start 2021, the global pandemic continues to rage its economic fallout continues to be felt by families worldwide. Some were in a tenuous financial situation before the pandemic, and their situation has become worse. Others have found themselves there because of the pandemic (job and income loss, medical bills, etc.). In any case, … Read more
I was recently asked by a friend what I thought about buying a vacation home, specifically a beach house. They said they have a relative who owns one and rents it out with annual positive cash flow. We didn’t have a very in-depth discussion, but I have been thinking about it since. Something that occurred … Read more
Lots of people make resolutions this time of year. Not surprisingly, things like paying down debt and saving more tend to show up the most. According to Fidelity’s Fidelity’s 11th annual New Year Financial Resolutions Study, “more than half of Americans, 53%, say they aim to save more in 2020, 51% plan to pay down … Read more
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, … Read more
