This article is part of the Biblically-Informed Framework for Retirement Stewardship (BIFRS) series. In the first article of this Caregiving Principle series, we established the biblical foundation for preparing to both give and receive care. In the second and third articles, we explored healthcare planning before and after Medicare—the latter being the foundation of medical … Read more
This article is part of the Biblically-Informed Framework for Retirement Stewardship (BIFRS) series. Even if you retire before age 65, Medicare becomes the foundation of healthcare coverage once you reach that age. It isn’t a perfect system—it has gaps and limitations—but it’s what we have, and it’s worth understanding well. I view Medicare as part … Read more
This article is part of the Biblically-Informed for Retirement Steward series (BIFRS). Planning for healthcare, both before and in retirement, isn’t fun or glamorous. It’s not as exciting as planning for travel or hobbies in retirement. But it’s absolutely essential. Without adequate healthcare coverage and planning, a single medical crisis can severely impact your financial … Read more
This article is part of the Biblically-Informed Framework for Retirement Stewardship (BIFRS) series. In the previous series of articles, we explored the Self-Sustaining Principle, which is the biblical call to plan wisely so we don’t become an unnecessary burden on others. We discussed saving adequately, generating sustainable retirement income, managing expenses, and building wealth responsibly. … Read more
This article is part of the Biblically-Informed Framework for Retirement Stewardship (BIFRS) series. In this article, we’ll explore Tier 3 income. This variable, self- or advisor-managed layer sits atop your guaranteed income (Tier 1: Social Security, pensions, annuities) and semi-stable income (Tier 2: bonds, dividends, TIPS). It’s the most flexible part of your retirement income, … Read more
This article is part of the Biblically-Informed Framework for Retirement Stewardship (BIFRS) series. In the previous article, we explored Tier 1 Income—your guaranteed, lifetime income floor from Social Security, pensions, and annuities. This foundation is the bedrock of a sustainable retirement, providing income you cannot outlive, regardless of market conditions. We now move to Tier … Read more
This article is part of the Biblically-Informed Framework for Retirement Stewardship (BIFRS) series. In the previous article in this series, we explored retirement income and its three-tiered structure. We established that income is arguably the most critical component of the Sustainability Principle, which is the idea that your retirement will be financially sustainable when your … Read more
This article is part of the Biblically-Informed Framework for Retirement Stewardship (BIFRS) series. I remember when I received my last paycheck from my employer in 2018, I felt an odd mix of emotions. I was excited about what was to come (I was going to finish my first book and do lots of other things … Read more
This article is part of the Biblically-Informed Framework for Retirement Stewardship (BIFRS) series Before we delve into ways to generate sustainable retirement income, we need to discuss how to determine how much you need to save to retire with dignity and self-sustainability. How do you calculate this for your specific situation? What can you do … Read more
