As we start 2021, the global pandemic continues to rage its economic fallout continues to be felt by families worldwide. Some were in a tenuous financial situation before the pandemic, and their situation has become worse. Others have found themselves there because of the pandemic (job and income loss, medical bills, etc.). In any case, … Read more
As you know, I don’t “get political” on this blog. That doesn’t mean I don’t care about politics; I do. I focus on other things here, but when the political winds change as dramatically as they have, it’s important to understand (and plan for) possible changes in the tax code and other policies and laws … Read more
The coronavirus pandemic and corresponding market crash will likely cause the retirement “Cash Bucket Strategy” to become more popular. As Dave Ramsey often says, “cash is king.” Earlier this year, as the COVID-19 pandemic ensued, like lots of other retirees, I watched as my retirement investments took a huge hit. Early estimates were that millions … Read more
I recently read this quote from a retirement expert in a MarketWatch article titled, “Opinion: Half of Americans Over 55 May Retire Poor”: Our data is showing that, because of the COVID recession, about 50% of workers over the age of 55 will be poor or near-poor adults when they reach 65. . . A person who’s … Read more
I started this blog over five years ago. Since that time, I have made very few design changes to the website so I decided it was time. I upgraded the WordPress theme and made changes to improve the layout and navigation. (I am a bit of a computer “nerd,” so I enjoyed doing the work … Read more
I was recently asked by a friend what I thought about buying a vacation home, specifically a beach house. They said they have a relative who owns one and rents it out with annual positive cash flow. We didn’t have a very in-depth discussion, but I have been thinking about it since. Something that occurred … Read more
We will learn a lot from this pandemic. But perhaps its greatest lesson—one that history teaches us over and over again—is that we can neither predict the future nor control it. At best, the only thing we can do is to anticipate adverse events and plan for them accordingly. Now that the “coronavirus recession” is … 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
Last year, I attended a week-long event that dealt with integrating faith and work in the life of the Christian. (If you’re interested, check out the Redeemer City to City Faith and Work Initiative.) I have always been interested in this topic. But I attended the conference because we want to do more ministry in this … Read more
