Debt and the Opportunity Costs of Not Paying it Off

When you make a decision to get into debt, you're also making a decision not to do many other things. Here are the three biggest opportunity costs of not paying it off. Opportunity Cost #1 - Your Future Retirement This cost will affect the day-to-day existence of possibly a third of your whole life. Some people may think that since retirement is so far away, they don't have to be concerned about … [Read more...]

5 Ways to Retire with Less Investment Risk

In my last post, I talked about what really matters about investment risk. The basic idea was that meeting your retirement planning goals should have a higher priority than staying within your risk tolerance. If you invest in a "safe" portfolio but don't reach your goals, was it really a safe investment? I don't think so. But I also mentioned that there are some options if you don't want to … [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...]

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...]