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Faith-Based Retirement Planning: Securing Your Future with Values

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As you think about retirement, it’s common to focus on financial readiness, but have you considered how your faith can guide this critical phase of your life? Faith-based retirement planning is an approach that ensures your retirement not only secures your financial future but also aligns with your values and beliefs. I’m Eric Boyum, a financial advisor at Inspire Advisors, and I specialize in integrating faith and financial planning to help you retire with purpose and peace. Why Choose Faith-Based Retirement Planning? Faith-based retirement planning goes beyond standard financial modeling. It looks at your financial goals through the lens of your beliefs and values, ensuring that every decision resonates with your mission in life. Here are some compelling reasons to consider this approach: Alignment with Your Values: Retirement planning should reflect who you are, including your faith. By incorporating your beliefs into your financial strategy, you create a roadmap that is true to yo...
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Retirement Income Planning: Secure Your Financial Future

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Financial planning is essential as you near retirement. Retirement income planning is the process of creating a plan to guarantee a steady income throughout your retirement. Planning helps you navigate retirement finances and maintain the lifestyle that you desire. What is Retirement Income Plan? Retirement income planning involves determining the amount of income that you will require in retirement, and how best to generate it from your available resources. This includes all aspects of financial planning, such as savings, investments and Social Security benefits. It also includes pensions and other sources of income. Why is retirement income planning important? Maintaining your lifestyle: Retirement can last 20-30 years, or even longer. A solid retirement income plan will help you maintain your lifestyle during this period and reach your goals. Inflation Factors The cost of living is expected to rise over the next several decades. Inflation is taken into account in a solid retirement...
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Retirement Income Planning: Securing Your Financial Future

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Planning for retirement involves more than just saving a nest egg; it's about creating a robust income strategy that will sustain you throughout your golden years. Effective retirement income planning helps you navigate the complexities of managing your finances after you stop working, ensuring that you can maintain the lifestyle you desire. At Eric Boyum , a financial advisor aligned with Inspire Advisors , we specialize in helping clients develop comprehensive retirement income plans tailored to their unique needs and goals. Why Retirement Income Planning is Essential As life expectancy increases, it is crucial to have a well-thought-out plan for generating income during retirement. Here are several reasons why retirement income planning should be a priority: Longevity Risk: People are living longer, which means your retirement savings must last longer than ever before. A well-structured income plan helps mitigate the risk of outliving your resources. Inflation: The cost of livi...
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Location: 15232 Fiesta Way, Caldwell, ID 83607, USA
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How to Choose Faith-Based Financial Services?

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How to Choose Faith-Based Financial Services? While there’s no dearth of financial services, it is important that you choose one that aligns with your faith and religious values. It is crucial to analyze if the provider can offer services while considering your financial situation and investment objectives. There are a few things to consider here: ·   Whether they provide a comprehensive financial planning, taking into account your overall financial situation, and not follow a typical transaction-based approach. ·   If they are expert in developing long-term financial strategy. ·   Are they capable of providing retirement planning advice based on your expectations of having a particular lifestyle during those golden years. ·   Above all, are they engaged in faith-based financial services ? Faith-based financial services are gaining prominence for providing individuals and organizations with financial solutions that align with their religious beliefs and values. W...
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Location: 15232 Fiesta Way, Caldwell, ID 83607, USA
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Biblically faithful investing: How to ensure you are doing it right?

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When it comes to investments, everyone has an expectation around possible outcomes. In fact, people are more interested in returns than anything else. Expecting a certain outcome, they decide their actions and plan accordingly. however, Biblical investment decisions are based on values, motivations and beliefs. Investing decisions and actions can change over time, but the heart should always follow the principles and values that matter. Fortunately, even in an era where financial investments shape industries and economies, many Christians seek to align their financial decisions with biblical principles and follow Biblically Faithful Investing (BFI). Here’s what they generally do: Seek God’s guidance in financial decisions Proverbs 3:5-6 reminds everyone to trust in the Lord and acknowledge Him in all the ways of life. Therefore, it must be a practice to pray for wisdom (James 1:5) and seek counsel from spiritually mature individuals before making any investment decisions. Investments ...
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