And welcome to this week’s episode of the Christian Retirement Show. Today we are starting our series on The hidden Retirement Killers lurking just under the surface for people who are retired or are preparing for retirement and how to beat them! This means we are going to be spending the next few week’s talking about 1 of 4 different retirement killers, what they are, why they are important and what you can do to combat them. To begin we are going to be talking about one of the biggest retirement killers out there and a risk that not many people know about!

First Hidden Retirement Killer- Sequence of Returns Risk

Sequence of return risk is the risk that you might retire right when the market takes a significant drop, leaving you to start taking income from your retirement savings when your account is significantly lower than its highest value.

To combat this retirement risk there are two great retirement strategies you can employ:

1. Start lowering the risk you are taking in your retirement investments as your near retirement and just after you retire.

If you are looking for a Christian Financial Planner, you are in the right place. Visit Christianretirementplanner.com or email me at [email protected] to start our no cost, no obligation free retirement assessment which allows you to gauge our firm and if we might be a great fit to help you in your retirement planning!

Resources in Show:

Christian Retirement Planner Website: https://www.christianretirementplanner.com/

Free Retirement Assessment: https://www.christianretirementplanner.com/your-free-retirement-assessment

Michael Kitces Sequence of Return Risks Article: https://www.kitces.com/blog/understanding-sequence-of-return-risk-safe-withdrawal-rates-bear-market-crashes-and-bad-decades/

Today I’m talking about if now is the right time for a retirement saver or retiree to invest in the stock market. But the answer to this question has a twist! So, if you’re ready to hear unbiased retirement advice and not someone trying to sell you a product, then this episode is for you!

Key Take Aways:

• Time in the market beats timing the market

How to listen to today’s show:

• On Apple: https://podcasts.apple.com/us/podcast/the-christian-retirement-show/id1530097100

Episode Links & Resources:

• Retired or nearing retirement? Get a Free Retirement Assessment: https://www.christianretirementplanner.com/your-free-retirement-assessment

Welcome to this week’s episode of the Christian Retirement Show! In today’s episode we discuss Biblically responsible investing- What it is, pros & cons, and how we at Schrum Private Wealth Management implement BRI for our clients.

Show Outline:

What is Biblically Responsible Investing?

Biblically responsible investing is the process of investing your money in companies whose business practices align with biblical values. Another way to think of BRI is screening out companies who engage in practices which are contrary to biblical values. Often these values are things such as companies who profit from abortion pharmaceuticals, engage in slavery within their supply chains, profit from pornography, the current gender trends, all the way to possible alcohol, tobacco, and gambling sales.

What are pros & cons of Biblically Responsible Investing?

Pros: 

• Christian’s now have an option to align their faith & finances

• Be part of a growing movement with better investment selection

• Enact change in the culture through investing

Cons:

• Higher fees than average

• Mostly Actively Managed Investments

• Can be marketed in a legalistic way.

If you are interested in how you can implement Biblically Responsible Investing in your portfolio, we’d love to help. Visit Christianretirementplanner.com or email me at [email protected]

Resources in Show:

Christian Retirement Planner Website: https://www.christianretirementplanner.com/

Free Retirement Assessment: https://www.christianretirementplanner.com/your-free-retirement-assessment

Episode 7 with Robert Netzly: https://podcasts.apple.com/us/podcast/the-christian-retirement-show/id1530097100?i=1000515052460 

Listen to the Show online: https://www.christianretirementplanner.com/blog-01

Listen to the show via apple: https://podcasts.apple.com/us/podcast/the-christian-retirement-show/id1530097100

Listen to the show via Spotify: https://open.spotify.com/show/2CvP6jKwvQM9UHCVNbAmVI?si=DnJ7cAotSai8yYTlNirRlw 

Hello everyone and welcome to this week’s show! For today’s episode I thought we would discuss something that is always on everyone’s mind and also is more light hearted than last week’s episode. Which if you missed I highly recommend going back and listening to because we discussed the tragic situation in Ukraine happening right now and how that might affect your retirement. Plus, in that episode I share 2 strategies you can employ as a retirement saver or retiree to combat volatility and global uncertainty to ensure you are growing but also protecting your money for your future.

7 Best Ways to Save Money in 2022:

1. Track your expenses not your budget

I had a blast putting together this list, so please share what you do to save money and enhance your life at the same time!

If you are looking for a financial advisor in Raleigh, NC, a financial planner in Raleigh, NC, or a financial planner that has the ability to work with you wherever you are and shares your Christian Faith then you are in the right place. Visit www.christianretirementplanner.com to learn more.

Resources in Show: 

• Christian Retirement Planner: www.christianretirementplanner.com

Last weeks show about the Ukraine and Russia Conflict:

• Online- https://www.christianretirementplanner.com/blog-01/how-russiaukraine-conflict-effects-your-retirement

Welcome to this week’s episode of the Christian Retirement Show! This week we are discussing the conflict between Russia & Ukraine, what this means for your retirement ,and 2 retirement strategies you can implement in times such as these.

Show Outline:

As I type, Russia has continued to escalate the conflict in Ukraine but has been frustrated by the valiant resistance of the Ukrainian military and civilian population. In addition, both Europe and the United States have imposed significant social and economic sanctions. 

With all of this in mind, it may seem like a bleak outlook for the U.S. stock market but what we’ve seen is that on average the SP 500 has ben up by over 13% one year after global conflicts and while each conflict is different we don’t foresee this war between Ukraine & Russia have a long-term effect on the U.S. stock market outside of oil/gas prices.

As a retiree this means having a financial plan which can weather the short-term volatility conflicts like this cause is paramount. To help you in your retirement planning there are two retirement strategies I’d like to share with you. 1) Keep 6 months – 2 years of retirement income in cash in your portfolio. 2) Have different investment buckets for different time horizons.

To explore working with a Christian Financial Advisor and CFP® professional got to www.christianretirementplanner.com or email Eric at [email protected].

Resources in today’s show:

• Christian Retirement Planner website: https://www.christianretirementplanner.com/

How to Listen to today’s show:

• Via Web: https://www.christianretirementplanner.com/blog-01

On this week’s Christian Retirement Show, CFP Professional Eric Schrum discusses what Retirement should look like for Christians.

It’s a question which is asked often and the answer is Yes, retirement should look different for Christians! During the episode Eric shares 2 take-aways from romans 15:15-24 for the retiree or for someone who is nearing retirement:

1. God has a calling for you now and in retirement, and that calling is different for everyone.

If you are someone who is nearing retirement or in retirement and are in need of an investment plan, and retirement plan, or both, go to www.christianretirementplanner.com and click “Free Assessment” to start the process or simply email [email protected].

Resources in today’s show:

Christian Retirement Planner website: https://www.christianretirementplanner.com/

Get Your Free Retirement Assessment: https://www.christianretirementplanner.com/your-free-retirement-assessment

How to Listen to today’s show-

Via Web: https://www.christianretirementplanner.com/blog-01

Via Apple: https://podcasts.apple.com/us/podcast/the-christian-retirement-show/id1530097100

Via Spotify: https://open.spotify.com/show/2CvP6jKwvQM9UHCVNbAmVI?si=cdANypiGQcqroCk0ATQxgA&dl_branch=1

Today’s Bible Verse: https://www.biblegateway.com/passage/?search=Romans%2015%3A15-24&version=NIV

Eric featured in Business Insider: https://www.businessinsider.com/personal-finance/what-financial-advisors-think-of-early-retirement-2021-11

Welcome to this week’s episode of The Christian Retirement Show! Today we are talking about 3 ways to access your retirement savings early…penalty free! You heard that right! 

Typically went it comes to retirement accounts and generating retirement income in an early retirement, a retiree must wait until the fateful age 59 ½ before accessing their funds. This is because withdraws prior to age 59 ½ incur a 10% penalty! But take hope, there are a number of strategies which allows retirement savers to start retirement income early.

1. The Rule of 72t allows you to take substantially equal payments early each year from an IRA account as long as you take those withdraws foe 5 years or until you reach age 59 ½

2. The rule of 55 allows you to withdraw retirement money from your current employers 401k early as long as you retire age 55 or later.

3. You are able to access contributions in a roth ira at any time penalty and tax free! If you and a spouse saved $6k per year into a roth ira for 25 years that would amount to $300k you could access prior to age 59 ½. Not bad!

If you are in need of a retirement or investment plan, visit www.christianretirementplanner.com or email [email protected]

Resources in today’s show:

Christian Retirement Planner website: https://www.christianretirementplanner.com/

Get Your Free Retirement Assessment: https://www.christianretirementplanner.com/your-free-retirement-assessment

Eric featured in Business Insider: https://www.businessinsider.com/personal-finance/what-financial-advisors-think-of-early-retirement-2021-11

How to Listen to today’s show-

Via Web: https://www.christianretirementplanner.com/blog-01

Via Apple: https://podcasts.apple.com/us/podcast/the-christian-retirement-show/id1530097100

Via Spotify: https://open.spotify.com/show/2CvP6jKwvQM9UHCVNbAmVI?si=cdANypiGQcqroCk0ATQxgA&dl_branch=1

On this week’s Christian Retirement Show CFP® Professional Eric Schrum talks about the number 1 threat to your retirement investments and how to thwart it! 

Recently Dalbar, INC. released a shocking study that has high importance to retirement savers. Dalbar’s study showed that while the SP 500 over a 20 year period returned over 6% per year, the average stock market investor returned just over 4%. A gap of almost 2% per year. 

But the news get’s worse. A a retirement investor and saver you are likely in that camp! But don’t worry, Eric shares 3 ways to overcome this retirement risk. 

First, Eric Shares that the foundation of winning in investing and retirement planning is to have a written financial plan that acts as a map for all of your financial decisions.

Second, Eric shares that often the best course of action is scary markets is actually taking no action at all! As Gene Fama says “Your money is like a bar of soap, the more you handle it the less you’ll have.”

Finally, Eric shares that having a basic education on the history of the stock market can help demonstrate that although sometimes market downturns feel scary, history shows us markets recover and grow over the long term!

Resources in today’s show:

Christian Retirement Planner website: https://www.christianretirementplanner.com/

Get Your Free Retirement Assessment: https://www.christianretirementplanner.com/your-free-retirement-assessment

Link to Dalbar’s study: https://www.thebalance.com/why-average-investors-earn-below-average-market-returns-2388519

How to Listen to today’s show-

Via Web: https://www.christianretirementplanner.com/blog-01

Via Apple: https://podcasts.apple.com/us/podcast/the-christian-retirement-show/id1530097100

Via Spotify: https://open.spotify.com/show/2CvP6jKwvQM9UHCVNbAmVI?si=cdANypiGQcqroCk0ATQxgA&dl_branch=1

Welcome! To this week’s episode of the Christian Retirement Show! We are jumping back into our Top 10 market Surprises for 2022 and why they are important for Retirement Savers! 

Joining us during our show is the founder and president of Schrum Private Wealth Management-and my father! Owen Schrum. Owen, received is CIMA® and MBA designations from the Wharton School of Business at The University of Pennsylvania and brings over 30 years of wealth management experience to Schrum Private Wealth Management.

How to Listen to Today’s Episode: 

Christian Retirement Planner: https://www.christianretirementplanner.com/blog-01

Resources in Today’s Episode:

Christian Retirement Planner Website: https://www.christianretirementplanner.com/

This week we are diving into Byron Wein’s 10 surprises for 2022 and why they may be important for retirement savers!

Each year for the past 37 years, legendary investor Byron Wein shares 10 surprises that could happen in the stock market and economy in the year ahead. These surprises are not guarantees, but rather events he thinks have a greater chance of happening than the average investor believes, making it a fun exercise to expand our knowledge as retirement investors.

How to Listen to today’s episode:

Via christianretirementplanner.com: https://www.christianretirementplanner.com/blog-01