Manage Your Money God's Way - Don't Retire, Rewire

When people retire, many times the goal is to simply stop working. As our lifespan increases, retirement can be a time of great fulfillment by planning well in the following areas:
  • Talk to your spouse to develop a joint plan for retirement.
  • Use a budget before retiring to manage your income and spending in retirement.
  • Ditch the debt so you can be debt free when you retire.
  • Find a passion to use your talents and skills in serving others.
Retirement can be the most fulfilling time of your life if you plan to make it so.
The Compass Catholic blog has more thoughts on retiring well.
Check out our retirement calculators as part of your planning process.

Comments

Post a Comment

Popular posts from this blog

Manage Your Money God's Way - Raising a Large Family

  This episode originally aired on April 3, 2020. Danielle Bean is a wife, mom of 8, author, speaker, and Brand Manager of CatholicMom.com. She is also the host of Girlfriends (a Podcast for Catholic Women). In this episode, Danielle shares how she and her husband financially navigate having a large family while teaching their children about financial discipleship. To learn more about Danielle Bean, visit DanielleBean.com. To learn more about Compass Catholic Ministries, please visit CompassCatholic.org.   Music Credit:Happy by MusicbyAden https://soundcloud.com/musicbyaden Creative Commons — Attribution-ShareAlike 3.0 Unported — CC BY-SA 3.0 Free Download / Stream: https://bit.ly/happy-musicbyaden Music promoted by Audio Library https://youtu.be/IOtFV3u_g5E
Read more

Manage Your Money God's Way - In Honor of World Day for Consecrated Life Part 2

  In honor of the World Day for Consecrated Life, we are replaying the second part of an interview with Anne Folan. Anne discusses the toll student loan debt is taking on vocations, as well as possible solutions to this crisis. Anne Folan is a member of the Board of Directors of the Mater Ecclesiae Fund for Vocations, a nonprofit Catholic organization that makes grants for student loan debt relief for young men and women with vocations to religious life.  45 million Americans owe student loan debt, collectively owing more than $1.5 trillion dollars. Two out of every three college graduates will graduate with a student debt load averaging over $30,000. For individuals discerning a call to religious life, student loan debt can create a tremendous obstacle they didn't consider when pursuing their college degrees because religious communities usually don't allow a person with unresolved debts to enter formation.  Mater Ecclesiae Fund for Vocations:   https://fundforvocations.org Co
Read more

Manage Your Money God's Way - Getting Ready for the Upcoming Tax Season

  Taxes can be a daunting topic. In this week's episode, Matt  Marcoux, CFP, breaks down what to expect in the upcoming tax season. You know someone is good at what they do when they can take a complicated topic and make it simple. A big thank you to Matt for doing just that! Today's guiding principle is from Romans 13: 6-7. "This is why you also pay taxes, for the authorities are ministers of God, devoting themselves to this very thing. Pay to all their dues, taxes to whom taxes are due, toll to whom toll is due, respect to whom respect is due, honor to whom honor is due." To learn more about Compass Catholic Ministries, please visit  https://CompassCatholic.org . Matt Marcoux, CPA, is the co-founder of  Candor Path Financial .   Compass Catholic Ministries does not endorse or recommend any financial goods, products, or services.
Read more