Why We Converted Our Traditional IRA To A Roth IRA

As you probably already know, 2010 is a great time to convert your Traditional IRA to a Roth IRA.  The year is now more than half over, so I thought I’d share my thoughts on the Roth IRA Conversion. In 2010, you can convert a Traditional IRA to a Roth IRA even if you make over $100,000.  Also, you will pay taxes over a two year period and the first payment (1/2) isn’t due until April 2012 and … [Read more...]

How to Calculate Your Life Span

Warning.  What you are about to read is highly irreverent.  If you are offended by people making light of serious issues, then you should probably read something else.  May I suggest my other site – Help Me Travel Cheap. You could learn about How to Get a Refund for Airline Tickets or Airplane Games for Kids: Make Time Fly. My mum (“mom” for the Americans) has been talking about retirement – … [Read more...]

Roth IRA and Traditional IRA Tax Implications in Plain English

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 IRA withdrawal rules, contribution limits, and income limits, but that is another post for another time.  In this article, we are going to focus on clearly … [Read more...]

5 Steps To Retirement Planning For Young Adults

“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.  I am suggesting that the process should be simplified and your time commitment to … [Read more...]

7 Retirement Planning Factors You Cannot Predict

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 old male, I have come to realize that most of my … [Read more...]

Should I Save For Retirement or Give that Money Instead?

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 light of the gospel.  If your thinking was … [Read more...]

How Much Savings for Retirement is Enough?

When it comes to planning for retirement and saving for retirement every Christian investor should add a simple word to their vocabulary – enough.  The Bible seems to indicate that a Christian who neglects an I-have-enough attitude is considered a hoarder.  The danger of hoarding is that it can direct our attention away from God. 16 And he told them this parable: “The ground of a certain rich man … [Read more...]

Should Retirement Be The Goal of Life?

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 5 – 21.  From there, they join the work force for a … [Read more...]

Christians, Retirement, and the Bible

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 with many … [Read more...]

Cost of Living Increase | Thriving Without One

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 last 18 months.  One sign that the economy is recovering is that people are now … [Read more...]