In this second of two articles on my stewardship practices, I discuss my saving, investing, and protecting (insurance) approaches. The stewardship principles that are most applicable to these areas are as follows: Don’t spend all you have – save and invest for needs you know you will have in the future (Prov.6:6-6; Prov.21:20; James 4:13-15). … Read more
A friend recently sent me this link to a chart on PNC Bank’s website titled “A Timeline for Achievement” that provided a helpful list of age-based retirement planning milestones. (Disclaimer: This is not an endorsement for PNC, although I am sure they are a good bank, I just found the chart interesting. This kind of … Read more
Happy New Year! Planning is a wise part of retirement stewardship. But no matter how well we plan, we must always remember that “The heart of man plans his way, but the Lord establishes his steps” (Prov. 16:9). And now that we are closing out 2018 and looking out ahead to 2019, I thought I would share some thoughts … Read more
As I shared in a previous article, I decided to retire from my full-time paid position a few weeks ago. I will do an article about how my “transition” to retirement is going and what I am up to in a future article. In this post, I want to share the main lessons I have … Read more
I published an article about a year ago titled “The 8 Questions I Need to Answer Before I Decide to Retire.” In it, I said that I did not know when I would “retire” and that I was taking it year by year. I had no idea that just one year later I would be … Read more
It seems like I’m always seeing advertisements on TV for life insurance. There are almost as many as reverse mortgage advertisements. Interestingly, it seems like older people are the main targets, including retirees. There are also ads from companies wanting to buy old insurance policies. As a retiree in one of those commercials said, “We … Read more
As I discussed in my last article, there are two major areas of concern when it comes to protecting your identity and preventing theft and fraud. The first is your paper assets such as financial statements and the digital assets that you manage and control on your personal devices (computers, tablets, smartphones, etc.). The second … Read more
I often write about using various online and computer-based tools and services to help simplify and manage your personal and financial life. These can very helpful and convenient, but they also carry the risk of being compromised in some way. Even mishandling physical documents, such as account statements you receive in the mail, can lead … Read more
In previous articles, I discussed Medicare and other health insurance options in retirement. One of the big myths about Medicare is that it pays for everything. Well, it doesn’t – nor does Obamacare or most other plans. In almost all cases, you will be responsible for premiums, co-pays, deductibles, and other out-of-pocket expenses, depending on … Read more
