From the category archives:

Retirement

Roth IRA and Traditional IRA Tax Implications in Plain English

February 22, 2010

When deciding between a Roth IRA and a Traditional IRA and the tax implications, you just need to remember one little fact.  You will pay taxes on that money.  The only questions are: when and how. 
There are other differences, like the withdrawal rules, contribution limits, and income limits, but that is another post for another [...]

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5 Steps To Retirement Planning For Young Adults

February 15, 2010

“Will I have enough for retirement?” is a very difficult question to answer.  Last week I left on a low note by introducing you to the 7 retirement factors you cannot control.  I guess it was probably a little discouraging.  However, I am not advocating you simply throw up your hands and ignore retirement planning.  [...]

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7 Retirement Planning Factors You Cannot Predict

February 8, 2010

Subtitle:  How not to waste your time planning for retirement. 
Often we are told to ask the question, “Will I have enough for retirement?”  On the surface that certainly is a valid question.  However, the younger a person is the more variables exist that make the equation too complicated to properly calculate.  As a thirty-something year [...]

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Should I Save For Retirement or Give that Money Instead?

January 25, 2010

Editor’s note: I wrote this article a long time ago (August).  I’ve never been closer to pulling an article off my posting schedule (I’m writing this within three hours of posting time).  In some posts, like this one, I try to challenge your thinking without necessarily dictating an action for you.  I’m trying to challenge traditional thinking in [...]

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How Much Savings for Retirement is Enough?

Thumbnail image for How Much Savings for Retirement is Enough? January 18, 2010

Many people often wonder if they are saving enough for retirement. The question as to how much savings for retirement is enough should be answered as it will allow the investor the opportunity to focus on other life goals – like helping those in need. When it comes to retirement planning, I suggest you define a point when you have enough so as to avoid the danger of hoarding as exemplified in Luke 12:16-21. While that point will vary greatly by individuals, it honors God to determine when enough is enough.

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Should Retirement Be The Goal of Life?

Thumbnail image for Should Retirement Be The Goal of Life? December 28, 2009

Do You Want To Retire Early?
The North American Life Trajectory: School. Work. Play.
A friend was recently sharing some of his impressions after reading a book, but I forget the title.  The book introduced the three linear main stages of the Western life – school (learn), work, and play.  Typically children go to school from ages [...]

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Christians, Retirement, and the Bible

Thumbnail image for Christians, Retirement, and the Bible December 21, 2009

Retirement planning.
IRA’s, 403(b)s, 401Ks, dollar cost averaging, mutual funds.
There is a plethora of topics related to retirement. There are blogs, websites, and financial calculators to help with the process. Since the very earliest posts on this blog, I have made it my goal to think critically, evaluate motivations, and establish the true biblical teachings associated [...]

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Cost of Living Increase | Thriving Without One

Thumbnail image for Cost of Living Increase | Thriving Without One October 22, 2009

As Bob at ChristianPF reported, this will be the first year since 1975 since the Social Security Administration will not be adding on a cost of living increase.  In addition, there are numerous companies who are not offering cost of living increases.  This really is not much of a shock considering the events of the [...]

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Book Review: The Automatic Millionaire

July 30, 2009

The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich
Bach, David. The Automatic Millionaire. Doubleday, 2003.  *Canadian Edition
Summary: Bach suggests average people (middle class) have the potential to retire wealthy if they take a few hours and automate their finances (specifically investments).  If a person sticks with this strategy over a lifetime they [...]

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Aging and the Financial Implications

July 16, 2009

Everyone around me is getting older.  Come to think of it, I might just be getting older too.  My mum (mum is Canadian for mom) came back from a bookstore with The Merck Manual of Health & Aging.  As I glanced through the book I was reminded of the unique needs we have in [...]

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