Category: Saving
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What Condition is Your (Retirement Financial) Condition In?
I recently had the opportunity to do a seminar on a Christian’s retirement at a church that’s part of our denomination. It’s a large church with a sizeable number of older folks. The seminar wasn’t only about the financial aspects (it was one of three sessions), but a recent study that I used to frame…
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Back to Basics
Many books and articles have been written about Christians and money, and some about retirement. This blog is about Christians and retirement, and I often write about money and stewardship. There’s much to say about these topics, but the Bible tells us what is most essential for us to know—not every practical detail about personal…
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Making New Years Resolutions? How About “Spend Less, Save and Give More”
Lots of people make resolutions this time of year. Not surprisingly, things like paying down debt and saving more tend to show up the most. According to Fidelity’s Fidelity’s 11th annual New Year Financial Resolutions Study, “more than half of Americans, 53%, say they aim to save more in 2020, 51% plan to pay down…
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My Thoughts on the New Retirement Savings (aka, “SECURE”) Act
Earlier in 2019, I wrote about some retirement legislation that was pending in Congress. Well, surprise, surprise—it passed recently. (Interestingly, the bill was languishing in congress until it was added to a 2020 spending bill and seemed to slip in under the radar.) It’s the most significant legislation since the Pension Protection Act of 2006…
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Stock Market Volatility and “The Prudent Man Rule”
In case you haven’t noticed, after a relatively “quiet” first half of 2019, volatility has returned to the financial markets in a big way. The stock market was down about 3 percent just the other day. As I understand it, uneasiness about a trade war with China, a global economic slowdown, and increasing tensions with…
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5 Ways Congress May Make it Easier to Plan for Retirement
As a reader of this blog, you know that we hold to the position that the Bible teaches that it’s good to wisely save and invest for the future, including a time in “retirement” (Prov. 6-11, Prov. 21:20), and also to be “rich toward God” by “storing up treasures in heaven” (Luke 12:21; Matt. 6:19–21).…
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12 “Hard Truths” For Graduates to Help Them Not Be Broke
I occasionally get the opportunity to talk about stewardship and money with young people (high school and college age). I am always grateful to get the chance and I always enjoy the interactions. We are near the end of the school year, a time when many will be graduating from high school or college. So…