I am very excited to announce that my new book, The Minister’s Retirement, has been released and is now available on Amazon in paperback and Kindle formats. The following is from the introductory material in the book: “This is a book about planning for retirement targeted specifically at ministers. Granted, most ministers I know would … Read more
With the COVID-19 pandemic came unprecedented levels of federal spending. As a result, the national debt has reached $26 trillion, and the Congressional Budget Office predicts that the federal deficit for 2020 will hit $3.7 trillion. The government has been borrowing money from the taxpayers for various purposes related to the economic crisis precipitated by the national … Read more
For older workers starting to think about retiring, or already in retirement, the economic turmoil the coronavirus pandemic triggered caused reactions similar to what many felt just over a decade ago at the start of the “Great Recession.” In 2008, the stock markets lost nearly 40 percent, accompanied by steep declines in real estate. The … Read more
Financial crises have a way of revealing the weaknesses, and sometimes failures, of our stewardship practices. As renowned investor Warren Buffet humorously once said, “Only when the tide goes out do you discover who has been swimming naked.” The 2008-2009 recession showed American’s overdependence on debt, especially real estate mortgages. Many were house rich and … Read more
A lot has changed in the social and economic landscape in the last few weeks. The far-reaching effects of the spread of the coronavirus have spared no one—we have all been affected one way or the other. It is truly one of those times when God “makes his sun rise on the evil and on … Read more
It’s honestly hard to know what to write about in times like this. If you are a Christian believer, I trust you are seeking encouragement and guidance from God and His Word, and strength and consolation through his Holy Spirit. God is our refuge and strength, a very present help in trouble (Psalm 46:1). Like … Read more
Note: Because of extreme volatility, the stock market data I use in this article is changing daily (sometimes hourly). To keep it as current as possible, I used stats for the S&P 500 as of the market close on Tues., March 3rd. You have no doubt taken note that the reported value of your retirement … Read more
In this article, we are going to consider what role, if any, whole life insurance might play in your retirement income plan. Although the death benefit is still in view, the focus here is on leveraging the cash-value (investment) component to help fund your retirement income stream. More and more retirement planning professionals are emphasizing … Read more
A reader recently asked me to take a look at a retirement planning (funding) method using permanent life insurance espoused by Nelson Nash in his book Becoming Your Own Banker. In addition to the life insurance benefit, the author discusses a “be your own bank” approach to funding major life purchases. He also recommends using permanent … Read more
