I had a little fun with the title because this is a “heavy” subject, and I wanted to lighten things up a little. And while we’re at it, what in the world is Moses wearing; it looks like a costume. (At least there’s not a big “M” on his chest.) Okay, back to our serious … Read more
I’ve written previously about withdrawing from my Traditional IRA to help fund our retirement. I’ve also described how I started making Qualified Charitable Distributions (QCDs) in early 2023 after I turned 70 1/2. In a recent article, I explained how I might optimize my income tax withholding schedule while fully complying with IRS rules. My … Read more
I am excited to share a new project I just went “live” with: NextGenSteward, a Substack targeted at young Christian adults. (Substack is a popular publishing and newsletter creation platform that makes setting up a site like this one very easy as compared to a new WordPress site.) The site’s purpose is to provide guidance on … Read more
There are many retirement financial milestones to pay attention to: your penalty-free early distribution age from an IRA (59/12), eligibility for Social Security (early filer at 62 and full retirement age at 66–67), Medicare eligibility (age 65, for most), and your RMD age (currently 73; 75 beginning in 2033). I’ve already hit all those milestones … Read more
First and foremost, thank you for subscribing to this blog. I’ve had quite a few new subscribers this year and really appreciate the kind comments I received from readers. If you have a topic you’d like me to explore next year, just a question that you and perhaps others would like me to respond to, … Read more
This is the second of two articles about some of Donald Trump’s campaign promises, which, if enacted, could significantly impact retirees or near-retirees. Interest rates Promises PolitiFact: ”Trump said ‘we’re going to cap’ credit card interest rates ‘at around 10%. We can’t let them make 25% and 30%.’ When he made the pledge in September … Read more
In a previous article, I discussed the two presidential candidates’ major policy positions on taxes, the debt limit, and abortion. Taxes and the debt limit directly impact retirees’ finances and stewardship. We’re now on the other side of the election, and the Republican Party won a clear victory, a “trifecta,” as they call it, as … Read more
Regular readers know that I think a big part of retirement stewardship is having plans and documentation in place so that things go as well as we have hoped and prayed for after we’re gone, especially for our spouse should we predecease them. I sometimes refer to this in principle as “loving your widow.” Depending … Read more
If you spend much time listening to their political ads, you’ll hear the two presidential candidates saying basically the same thing: “Your financial well-being will be hurt by (insert candidate name here ) if you vote for them because they will (insert campaign promise allegedly pledged by said candidate).” The implication is that presidents have … Read more
