SEVEN YEARS OF PLENTY AND SEVEN YEARS OF FAMINE. PLAN AHEAD As noted in the Bible (Genesis 41:1-40), God enabled Joseph to interpret the dream of the Pharaoh that there would be seven years of plenty, and seven years of famine in the land of Egypt. Therefore the Pharaoh sent out the order that […]
Don’t let the shutdown knock you down. Take everything to God in prayer. The best things in Life are free. God gives us Life, Liberty, and the pursuit of Happiness. We often fail to enjoy our blessings, due to some of our own shortcomings, disbeliefs, and disobedience to His Will. It’ s important to focus more […]
Much has been said about how to not get in a Financial Hole or Bind when you retire. Let’s focus a bit on How to get out of the financial hole or bind you may find yourself in. First of all, you must admit and recognize that you are indeed in financial straits, and not […]
The prospect of having to live on a fixed income Beyond Retiring can be a daunting one, at best. Having a Nest Egg could certainly help. Pulling from a Nest Egg could become problematic, especially if you don’t have enough funds for the long term. How much money will you need Beyond Retiring? Some […]
When you Retire, you normally no longer have a regular paycheck and you are on a fixed income. Therefore, it is essential that you have a budget to fit your particular needs. A budget that would allow you to live below your means should be considered. This will give you a cushion when unexpected […]
Money Management is serious business. It can be tiring and boring, but necessary; Similar to exercising. You don’t always feel like doing it, and you have to oftentimes think about the end results to stay motivated. The psychological approach to savings. Your attitude toward money management will determine how successfully you can put together […]
We can’t stress enough about the need to have a realistic and practical Budget; especially after Retiring. The world Beyond Retiring will present so many challenges and obstacles for you to tackle. A Budget is a road map; a compass if you will, to guide you in planning your financial future. It will also […]
Social Security alone will not sustain you Beyond Retiring, because you are likely to draw only about 1/3 of your salary after you retire regardless of your pre-retirement salary. Therefore, you will need additional funds to” Fill The Gap” between your monthly Social Security Benefits, and your total living expenses. Having additional savings to […]
A nightmare scenario is one of running out of money Beyond Retirement. If you are fortunate enough to have built up a sizable portfolio during your working years, you will still need to be realistic about planning for the future. It is easy to overestimate your Nest Egg. Frequently retirees failed to factor in […]
Even the best laid out financial plans can run into some roadblocks. You might Find that your NEST EGG, Your SAFETY NET, is getting thin for whatever reason, and needs replenishing. Hopefully, you saw this coming, however, remember not to panic. Even if you didn’t see the financial downturn coming; there are options to replenish your […]
