I’m occasionally asked how I manage my retirement finances. I’ve touched on some aspects in previous posts, but I thought I’d share a little about my not-very-formal-or-complicated year-end regime. I don’t do this to suggest that I handle things in an exemplary way or that you should do what I do. Retired families can have … Read more
A friend recently sent me a link to a news item titled “Christian radio host sentenced to three life sentences for Ponzi scheme bilking millions from elderly listeners—William Neil ‘Doc’ Gallagher, 80, and his Gallagher Financial Group advertised on Christian radio with the tagline, ‘See you in church on Sunday.’” According to the state’s attorney … Read more
According to some recent stats, more people are retiring earlier than planned due to the effects of the pandemic. Their specific reasons may differ, but part of what’s been fueling it has been rising stock and real estate markets. Quality of life is also often cited as a key reason. I’m reasonably sure that a … Read more
I retired three years ago this month. Frankly, it seems longer, but I’m not sure why, perhaps because the last 18 to 24 mos. have been a pretty long road for all of us. If you’ve read this blog for very long, you know that I don’t make every article about me or take you … Read more
Regret. Webster defines it as “Feeling sad, repentant, or disappointed over (something that has happened or been done, especially a loss or missed opportunity).” We all have regrets. Why? Mainly because we are fallen people living in a fallen world (Rom. 5:12). Our regrets may be over something we did or did not do or … Read more
I was recently talking to a friend who is getting close to retirement and wants to downsize. He knows he can sell his current home for much more than he could a year ago, but he’s finding his target house hard to find and more expensive as well. He’s not alone. That’s because we are … Read more
This is a follow-up to my last article about the role that immediate income annuities could have in providing additional income for someone running low on income in retirement. The focus was on Single Premium Immediate Annuities (SPIAs), a type of fixed income annuity. But there are two other types of annuities: indexed and variable. The main … Read more
My newest book, Redeeming Retirement: A Practical Guide to Catch Up, is targeted mainly at those aged 35 to 65 who are behind in saving for retirement (or think they might be). But I don’t ignore those who are already retired and discover (a little too late in some cases) that they didn’t save enough. … Read more
In my last post, I highlighted several things you can “invest” in other than money in retirement. One of them was “hobbies and recreation.” I mentioned that writing has been a fulfilling avocation for me in retirement. Perhaps you enjoy writing and may have wondered if you could self-publish a book. Assuming you can write … Read more
