SMI Executive Editor Mark Biller is on the radio this weekend with Rob West and Steve Moore of Compass — Finances God’s Way. Their conversation takes a closer look at saving money — how much is too little and how much is too much? The Bible uses a strong word to describe both ends of the spectrum — "foolish." Mark, Rob, and Steve discuss how to best walk that line between saving too little and too much.
Also on the program, they address the following listener questions:
- I filed for bankruptcy during the recession. I am 57 and trying to figure out the best avenue for retirement. Should I buy another home?
- I'm 59, retired from the military but working another government job, and I own some rental properties. How can I figure out whether I'm ready to retire for good?
- How much money should you have between your pension and other savings in order to be ready for retirement?
To listen to the entire 25-minute program, click the link below.
To learn more about this topic, read the article The Wisdom and Foolishness of Saving Money.
To participate in a future program, call in a question at 1-800-525-7000 and mention that it’s for Sound Mind Investing.