Category: Social Security

  • Social Security Mythology

    The 2022 Social Security Fund Trustees’ Report is out, and here’s the latest on Trust Fund solvency: The Old-Age and Survivors Insurance (OASI) Trust Fund, which pays retirement and survivors benefits, will be able to pay scheduled benefits on a timely basis until 2034, one year later than reported last year. The fund’s reserves will…

  • Will Your Social Security Benefits be Taxed (and if so, how much)?

    Most don’t think too much about income taxes in retirement. They just assume that they’ll pay less since it’s possible (likely?) that their income will be less. For many, that’s a reasonable assumption (at least as long as tax rates remain relatively low). Others believe that their Social Security retirement benefits aren’t taxable, further reducing…

  • My New Book “Redeeming Retirement: A Practical Guide to Catch Up” Has Been Released!

    I announced earlier that I would soon publish my next book, Redeeming Retirement: A Practical Guide to Catch Up. Well, I’m excited to announce that it’s been released and is now available on Amazon in both paperback and Kindle editions! In this article, I want to tell you more about it, and let you know about some giveaways…

  • The New Administration and Your Retirement Stewardship: Part 2

    This article is the second about the incoming Biden administration and its plans and proposals that could be most impactful to those planning for or already in retirement. I wrote these articles because part of wise retirement stewardship involves understanding the changing “times and seasons.” As Dan. 2:21 says, He changes times and seasons; he…

  • Announcing My New Book: “The Minister’s Retirement”

    I am very excited to announce that my new book, The Minister’s Retirement, has been released and is now available on Amazon in paperback and Kindle formats. The following is from the introductory material in the book: “This is a book about planning for retirement targeted specifically at ministers. Granted, most ministers I know would…

  • Loving Your Widow With Wise Stewardship

    In my last post, I suggested some new year’s resolutions you may want to consider. In this article, I want to carry that theme forward, but in a slightly different way. Not too long ago, I read an article on the Center for Retirement Research website titled, “Husbands Ignore Future Widows Needs.” As I read…

  • Social Security Claiming Strategies—Which “Camp” Are You In?

    I recently had a conversation with a friend who is a few years from retirement. He said he is planning to claim benefits at his full retirement age (FRA) of 66 regardless of whether he is still working or not. He is in what I call the “take the money and run” camp—those who want…

  • Some Thoughts on “Key Retirement Planning Birthday Milestones”

    A friend recently sent me this link to a chart on PNC Bank’s website titled “A Timeline for Achievement” that provided a helpful list of age-based retirement planning milestones. (Disclaimer: This is not an endorsement for PNC, although I am sure they are a good bank, I just found the chart interesting. This kind of…

  • Reflections and Lessons from 40 Years of Stewardship

    As I shared in a previous article, I decided to retire from my full-time paid position a few weeks ago. I will do an article about how my “transition” to retirement is going and what I am up to in a future article. In this post, I want to share the main lessons I have…

  • Tithing and Giving in Retirement

    Most of us will see a change in our financial situation in retirement. Instead of earning an income from work, we will start receiving income from other sources such as Social Security, pensions and/or annuities, and possibly withdrawals from our retirement savings accounts. Since our income sources will change in retirement, in what ways should…