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 […]
Chances are, if you are a fan of NASCAR or the Indy Racing League (IRL), you know what safer barriers are. The Steel And Foam Energy Reduction (SAFER) barrier was designed by a team of engineers in collaboration with NASCAR and the IRL. These barriers are designed to absorb the dynamic energy that is released when a race car, traveling at a high speed, crashes into a […]
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) […]
Five short months ago, many began the new year thinking “2020 is going to be my year!” We began with such optimism. Now many of wonder, “When will sports return?”, “When will we be able to watch new TV programming that is NOT a news show?”, “When will the COVID-19 virus end?”, and maybe “Will I ever be able to buy toilet tissue and paper towels again?”
Of […]
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 […]
From the mailbag comes a question for the day. “I have a 403b account at the ministry where I work. I get a housing allowance. I know, when I retire, I can designate my withdrawals as Housing Allowance. If I move the money from the 403b envelope to an IRA can I still get a Housing Allowance?”
The specific question raised is part of a more general question, […]
Thrill rides are a staple for amusement/theme parks. Fifty years ago, amusement parks were fewer in number, but they were all rated by the thrill rides on site. The bigger the dips and the faster the speed of the giant wooden roller coaster, the greater the momentum and suddenness of jerking motion of the Scrambler resulted in greater fame and attendance for the park.
Unfortunately for those retired […]
May we begin with the admission that saving, investing, and planning for retirement is difficult? An overwhelming number of people stop planning for their senior years due to increasing weariness from peering through the fog of investment assumptions, account choices, and conflicting advisor recommendations!
The result has been an increasing number who plan to never retire. Most continue […]
How do you want to spend “the rest of your life”?
Quite honestly, we can answer that for everyone. We all have things in life about which we are passionate, and we want to spend our lives on those things when it is time to change gears. No matter how old we are, no matter how much income […]
Last week we focused upon the basic question anyone needs to ask about retirement. “What income will I need when I cannot, or will not, be involved in full time work?” Everyone will come to a point in time when the skills and abilities diminish to a point others may do our job better. No one escapes the aging process, and some will experience this earlier and […]