Category: Retirement
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The 25x Rule
The rule of 25 serves as a straightforward guideline for achieving financial independence, often synonymous with retirement. This principle suggests accumulating savings equivalent to 25 times your planned annual expenses upon exiting the traditional workforce. For instance, if monthly expenses amount to $7,500, totaling $90,000 annually, multiplying this figure by 25 yields a retirement fund…
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Are you 1 of 26 million?
I was intrigued by a report on the number of millionaires in the United States, encompassing the total wealth and assets of individuals. With the U.S. population at 332 million and California alone housing close to 40 million, I expected the number of millionaires to surpass 26 million. But with less than 10% of the…
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What’s the Magic Number for Retirement?
First and foremost, the concept of retirement is a cultural concept and not a biblical one. In fact, the work of the Lord continues until your last days on earth; it just takes on different forms and seasons as you grow older. However, this post is not about delving into the biblical view of retirement.…
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Navigating from 529 to Roth IRA for Your Child’s Future
As a devoted financial steward and a responsible Christian father, shaping your child’s educational journey is a powerful expression of honoring Proverbs 13:22: “A good man leaves an inheritance to his children’s children.” Investing in your child’s education is an invaluable gift that goes beyond money inheritance. The conventional 529 college plan serves as a…
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The Million Dollar Mistake
Unraveling the True Cost of Procrastinating on Your Retirement Savings I often find myself in conversations with bright-eyed professionals and families just stepping into the game of life. You know, that classic scenario where the present seems too demanding to allow even a single dollar to escape into the abyss of a retirement fund. It’s…
Faith, Finance & Fatherhood 