A sustainable withdrawal rate is integral to a wise retiree’s financial stewardship plan. Your withdrawal rate determines how much money you’ll take from your retirement savings to add to other sources of income to meet your spending needs. I became aware of a video of one of Dave’s recent shows in which he discussed retiree … Read more
Thanksgiving is here, and we’ll soon enter the Advent season leading up to Christmas. I’ve never had it, but I understand a festive dish known as “figgy pudding” originated in medieval times and was especially popular in Victorian England. It’s the dessert that Bob Cratchit and his family enjoy as part of their Christmas celebration, … Read more
Yes, they’re back, and oh, the joys of turning on the TV and being bombarded by Medicare Advantage Plan commercials. It is, after all, the middle of Medicare’s annual “open enrollment” period. And these commercials, with their aging spokespeople, seem to come back around like clockwork. Meet Martha In my opinion, one of the most … Read more
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
