The Transamerica Center for Retirement Studies released a study of the retirement planning habits of Generation Xers (born 1965 to 1978), describing them as “struggling.”1 When presented with the statement, “I prefer not to think about or concern myself with retirement investing until I get closer to my retirement date,” 40% expressed agreement. Fifty-two percent […]
Allianz Life Insurance Company of North America conducted a survey of 3,000 Americans for a study entitled, “The Gift of Time.”1 In that survey, 72% of the respondents indicated they had no financial advisor although nearly one-half wanted guaranteed lifetime income and almost one-third would like help with finances through the changing stages of life. “A recent study by […]
There are a number of reasons that ministry, non-profit, and missions personnel have failed to save for retirement. Some sadly report there were never enough funds available. With limited funds, committing cash to provide a retirement income for personnel have sadly often drifted into obscurity among pressing ministry needs and priorities. A significant number individuals have personally neglected making provision […]
When it comes to saving for retirement, politicians have choices. Those choices affect the people of the USA. On one hand, some have encouraged politicians to eliminate the tax advantages enticing individuals to save through vehicles like 401(k) plans.1 On the other hand, Republicans in the House of Representatives have offered to maintain those tax incentives and create new savings accounts allowing individuals to withdraw contributions and earnings […]
A few decades ago, a wise man asked a Bible college administrator why there were no financial courses offered to help train future ministry personnel in the importance of balanced budgets and saving for retirement. The administrator responded that there were simply insufficient course hours available at the undergraduate level for such a class. Including a course in personal finance would require the elimination of other courses […]