One of the major reasons people avoid planning for their financial future is the fear of making a mistake. There are so many questions, so many choices, and so many variables that it is easy to say, “Forget it. It would be easier to try giving the cat a bath than sort this out.” When a family does eventually decide they do need to plan ahead, the […]
Planning for the future for those in their 50’s may seem easy, but it isn’t! People in this general age group know they NEED to get really serious about their future, but they live in the “land of a 1000 obstacles” to borrow from the title of the 1960’s R&B/Hip-Hop song. There are family demands as children graduate, move into their first career, marry, and buy their […]
Last week, we posted thoughts on the necessity of accepting risk into life. God wants our heart, our mind, and our life open to others. This openness places us in a position where our feelings can be hurt, our emotions can erupt, and our lives can seem crushed. Opening ourselves also allows God to use the talents he has given us to bless others. It allows the […]
I have been guilty of making an abundance of wrong turns in my life. Duh! I am, after all, a man. You are well acquainted with the stereotype, men do not ask for directions, we crank the car and we DRIVE! Thankfully I have never made a wrong turn like the one depicted in the image above, or one driver’s missed turn recorded on Youtube here. […]
Flexibility is a key element for achieving and maintaining athletic activity. It is also a significant element in maintaining health and the ability to pursue our passions during the senior years. Developing and maintaining physical flexibility helps reduce the risk of injury, maintain good balance, and improves range of motion.
The process of ageing is commonly accompanied by a reduction in the elasticity of our skin, muscle tone, […]
Retirement is a difficult subject for younger generations. The entire concept seems a bit foggy and out of focus. For someone who has recently begun a career, planning a vacation or the next date is more exciting. Saving is challenging when there are student loans to pay and graduate school begins soon. Planning for a stage of life 40 years away may seem tiresome for couples who […]
In 2016, Liz Davidson began an article with the words, “Our retirement is not our parent’s retirement.” What an illustration of understatement as literary device! Fifty plus years ago, I remember discussions my parents had with coworkers, family, church friends, and others about retirement. They normally centered around 1) the pension provided by a company, 2) Social Security, and 3) (when only immediate family was present) […]
Do you worry what is ahead for the American economy in the aftermath of the COVID-19 shutdown? Do you wonder if your 403(b) account will recover fast enough to help fund the retirement you dreamed of?
MORE than 30 million people have lost their jobs in the six-week period ending April 25! Oil prices collapsed, because of a world glut due to a lack of demand. As this […]
This week, our post is to the point and brief. Building wealth is better done slowly! While focusing on building wealth slowly may emotionally equate to boring, the outcome will normally be much more gratifying.
Choose investments that are more easily understood. Choosing investment options that seek to limit downside risk often results in solid long-term results. Remember, the dramatic accumulation of wealth occurs after many years of […]
Constructing an income stream for retirement is not unlike constructing a residence or commercial structure. An architect and contractor must understand the challenges presented by the regional geology and specific soil composition around the building. Possession of this critical knowledge guides the decisions about materials used and changes that must be made in the construction process.
One of the great risks that may undermine anyone’s retirement cash flow […]