Category Archives for "Retirement"

Ask Chuck: Should I Retire with a Mortgage?

Dear Chuck, Is it wrong to carry a mortgage in retirement? We are both preparing to retire but have 20 years left on our home mortgage.  Senior Mortgage Concerns    Dear Senior Mortgage Concerns,  My general response is to recommend that you (and everyone else) get completely out of debt before you retire. This verse […]

Ask Chuck: Should We Use Our Retirement Funds to Get through a Tight Spot?

Dear Chuck, My husband’s sales job has not produced good income since the pandemic. We’re in our early 60s, have $10,000 in a savings account, $25,000 in our 401(k), a paid-off home, and no debt. We’ve considered downsizing. Do you advise drawing down on our 401(k) now?  Managing Cash Flow    Dear Managing Cash Flow, […]

Ask Chuck: Are My Investments Safe Under a Biden Presidency?

Dear Chuck, How do you think a Biden presidency would impact my retirement nest egg? It is hard to know which way this election will go! I can’t afford to lose my savings.  Fearful Retiree Dear Fearful Retiree, Thanks for the question. As of this writing on November 4th, the day after the presidential election, […]

Ask Chuck: Ready to Retire?

Dear Chuck, I can retire in two years at age 65. Our home is paid for but we have almost nothing saved for retirement. We can get by on Social Security but it will be tight. How are others getting by who are in this shape? Retirement Planning    Dear Retirement Planning,  It is great […]

Ask Chuck: Will Social Security Go Broke?

Dear Chuck, I’m a recent college graduate with my first “real” job. With that comes paying into the Social Security System. My concern is whether or not there will be funds for me someday, especially in light of the recent deficit report.   Worried Millennial   Dear Worried Millennial,  First, I am impressed with a number […]

Ask Chuck: Should I Tithe on My Retirement Accounts?

Dear Chuck, I’ve been socking away money in a 401(k) account for years. I’ve tried to live like the ant in Proverbs. I have no plans to retire any time soon, but I may take some of the money to pay off credit card debts that accumulated during my wife’s health issues. I want to […]

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