Tag: retirement
Do You Know How Much Money You Will Need for Retirement?
Posted on January 17, 2017 in Money by Nathan Cherry
Saving for retirement is not a static event. You can’t merely put a dollar amount into a 401k at age 25 and continue for the next 35 years. Retirement saving is an ever-changing event that will depend on your idea of retirement. For those that want a more quiet retirement at home, less might be needed. And for those that want to travel and buy new things regularly, more might be needed.
Apps and Books to Help Plan Your Financial Future
Posted on November 15, 2016 in Family by Nathan Cherry
So you’ve decided you need to get your financial house in order. You see the need to save for emergencies, future purchases, and retirement. Now that you’re ready to take those important steps, you’re wondering where to start and what to do first. With such an important task before you it’s necessary to make sure you do it right.
I suggest starting with a budget. The foundation of any successful financial strategy is a budget. You can’t know how much to save or where to save if you don’t know how much money is coming in and how much is going out each month. A budget is nothing more than a detailed list of your income and your expenses. You can start by simply making a list on a piece of paper showing how much you bring home each month, and how you pay out for things like cable, cell phone, food, gas, and car insurance. It’s a simplified version of a budget, but it’s a great place to start on your journey to financial freedom.
If You’re Wondering Where to Start Saving for Retirement – Look At This
Posted on November 8, 2016 in Family by Nathan Cherry
The need for saving money is critical to everyone and yet it seems to be a constant struggle. Few people know about the options available to them for saving money. This is reflected in shocking statistics like 6 out of 10 Americans have less than $25,000 saved for retirement. Every person hopes to retire one day and still so many find it hard to save for that day.
Recent articles have reported that cash reserves are at all-time highs. People are keeping cash in bank accounts and other cash equivalents (CD’s and Money Market accounts) in an effort to be prepared if the economy crashes. While this might make us sleep better right now, it’s not the wisest way to plan for the future. Between taxes and inflation, keeping cash is a safe way to lose money each year. While it is highly advisable to keep some cash liquid for emergencies, keeping the majority of your assets in cash is not a good plan for preparing for, or living in retirement.
For those who are wondering where to start with investing, take a look at this article.
Are You Funding Abortion, Homosexuality, Pornography with Your Retirement Account?
Posted on December 23, 2014 in Religious Freedom by Nathan Cherry
But one area of life that is routinely overlooked is in the area of retirement and investment saving. This area of spending is rarely given any consideration and many of these “faith driven consumers” would be surprised at the unbiblical values being supported by their retirement and investment money.
Investment products like IRA’s, Bonds, and Mutual Funds are often stock-market based. Investors use an individual’s money to invest into a certain company with the hope of seeing a return. This is how many organizations and companies make money – by spending other people’s money. And this is how the investor makes money – by earning interest and dividends. But what you may not know is that the organizations and companies your financial advisor is investing your money into could very well be actively opposing your religious convictions.
What if your IRA is built on supporting abortion and euthanasia?