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
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
This article is part of the Biblically-Informed Framework for Retirement Stewardship (BIFRS) series. In the previous article, we explored what net worth means, why it matters for sustainable retirement, and how to calculate and track it. We established that your current wealth forms the foundation for everything else in the Sustainability Principle—you can’t generate sustainable … Read more
This article is part of the Biblically-Informed Framework for Retirement Stewardship (BIFRS) series. In the first two articles in this series, I introduced the Sustainability Principle—the fundamental concept that your retirement will be financially sustainable when your reliable income sources consistently cover your ongoing expenses and obligations throughout your lifetime. We also discussed this from … Read more
This article is part of the Biblically-Informed Framework for Retirement Stewardship (BIFRS) series. As we discussed in the introductory article, the Self-Sustaining Principle, grounded in Paul’s instruction to “be dependent on no one” (1 Thessalonians 4:12), calls us to wise stewardship. We plan ahead, save diligently, and live responsibly so we won’t burden others in … Read more
Before I had heard of David McKnight and his books or read his most recent, The Guru Gap, I read a paper by Professor James J. Choi from Yale University titled Popular Personal Financial Advice versus the Professors. I first became familiar with him after reading his bio on the Yale University School of Finance … Read more
This article is part of the Biblically-Informed Framework for Retirement Stewardship (BIFRS). It’s common for Christians to receive advice cautioning them about saving too much for retirement. Such advice is typically well-meaning and based on legitimate concerns founded on biblical teachings on fear, greed, contentment, and generosity. However, as with many aspects of the Christian … Read more
Regular readers know that I sometimes reflect on an interaction I’ve had with an individual or couple in the context of financial counseling/coaching and the broader implications of the subject or issue(s) being discussed to retirement stewardship in general. I recently talked with an older widow in our church about her financial situation. Although she … Read more
This article is part of the Biblically-Informed Framework for Retirement Stewardship (BIFRS). I recently discussed asset allocation and diversification with some friends, a couple in their 50s. In that conversation, they asked me what I thought about Dave Ramsey’s investing recommendations. (They were concerned that they may invest too conservatively for their age and goals.) … Read more
