This tool has changed a lot since it first launched, and rather than listing the changes in the order they were made, I’ve organized them here by area. I’m sure there will be more, but I think the tool is getting to a pretty good place. Please let me know if you find something that … Read more
The first two articles in this three-part series provided background and introduced you to the Retirement Income Modeling Tool (RIMT). The articles and instructions on the Tool website cover almost everything you need to know, and you can contact me directly with specific questions (or issues—remember, it’s still in “beta mode”). To help you get … Read more
In Part One, I introduced a spreadsheet I used AI to build to model retirement income, and my idea to use it as a basis to build a simple, easy-to-use, web-based modeling tool. In this article, I’ll tell you more about the tool and how I built it using AI. I’ll also tell you how … Read more
I admit, I’m interested in AI. It’s probably because I spent almost all of my adult life working in information technology (IT), but also because AI may be one of the most significant technologies of my lifetime, next to the internet (without which AI would probably not exist). Because of my interest, I’ve researched and … 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
I’m excited to announce that I have completed a significant update and expansion of my Redeeming Retirement book, originally published in 2021. The new edition is titled: Redeeming Retirement: How to Steward What You Have and Retire with Dignity. In may ways, this book is now an excellent “sequel” to NextGen Steward—it picks up where … Read more
