As retirement approaches, there are several big changes we must prepare ourselves for. Changes to our daily routines and habits, our priorities, and our goals are all things to think through. We can look forward to spending more time with family and friends, volunteering, traveling, or picking up a new hobby—all the exciting opportunities retirement brings. However, to enjoy this new season, it’s important to have a solid financial strategy in place and be prepared for the mental shift in how we view our resources.

One great challenge of retirement is transitioning from earning a paycheck to creating one from personal assets. Most of us have been prudent in developing a habit of saving and have seen our balances increase over the years. Many have also established the practice of regularly giving to their church or favorite ministries. So, when the paychecks stop, it’s hard to start pulling money out of our accounts to live on and give from and watch our balances decrease.

Even though we know our retirement funds were intended for this purpose, it’s difficult to not worry about the many unknowns when it comes to making our money last. Our lifespan, possible medical expenses, uncertain market returns, inflation, and our desire to leave bequests to our loved ones or favorite ministries are all factors that contribute. If something goes wrong, many will not be able to just earn more money to cover the needs.

No matter where you are in your retirement journey, how will you face these challenges? Personally, I’m wrestling a bit with how I will maintain a lifestyle of generosity as I enter retirement. Will I have faith and not fear?

No matter where you are in your retirement journey, how will you face these challenges? Personally, I’m wrestling a bit with how I will maintain a lifestyle of generosity as I enter retirement. Will I have faith and not fear? Can I resist what I call the “squirrel syndrome” of giving in to the temptation to gather and store more in case I need the money? These questions aren’t just about retirement. They need to be settled for any of life’s challenging times when the pressure is on—and they are not just about money. A generous lifestyle includes all aspects of our lives.

I know I’m not alone in considering these things as retirement approaches. If you are navigating these challenges as well—particularly in the area of generosity during retirement—let Orchard Alliance help. Our team of experienced gift and estate design consultants can meet with you to create a biblical plan of stewardship that utilizes your resources in a way that not only meets your charitable goals but could also create supplemental income streams during the retirement years. To explore all your charitable giving options, give us a call at 833.672.4255 or email service@orchardalliance.org.

May God give all of us the faith and joy of living generously no matter where He leads us.

Larry McCooey
President
Orchard Alliance