Prepare for Retirement
American’s have a mania about retirement, and much of that is due to the fact that people aren’t prepared.
A recent poll found that more than one-third of Americans are unprepared for retirement. One third of American’s don’t have retirement savings and a significant percentage of the population simply can’t afford to retire. Stewards save because we trust the Lord, not because we trust money. Thankfully, a majority of our population is prepared. Their retirement savings include 401Ks, IRAs, life insurance, annuities, real estate and other investments. No one plan is guaranteed to work for everyone. So, know your options, educate yourself and seek wise counsel. Don’t allow confusion or lack of knowledge to intimidate or deter you from starting to save. Begin saving as early as possible.
Take advantage of employer matched contribution plans like a 401(k) or a 403(b). Now this is “free money” that you can grow over time. When you’re young, time is on your side. Start early, learn what God says about money and diversify your investments. Plan to work as long as possible. Your usefulness and expertise doesn’t decline just because you hit 65. If credit card debt prevents you from saving for retirement, get it under control now. Stop using your cards and make a plan to pay them off as soon as possible. Try our debt snowball calculator to get you started. Then pick the snowball or avalanche approach to pay off those bills.
And if you need a little more help, Christian Credit Counselors are a great resource. They have a wonderful team of friendly professional counselors who can help you. They’ll create a debt management plan that will work! For more information call the Crown Helpline: 800-722-1976 or visit online at crown.org/ccc.