Shows
The Christian Retirement ShowEp. 32 Why Interest Rates MatterWelcome to this week's episode of the Christian Retirement Show! This week we are discussing what used to be a boring topic- Interest Rates. Interest rates have been headline news in 2023 and look to keep center stage as we move into 2024.
If you are interested in working with Eric please visit: https://www.christianretirementplanner.com/team-member-01/eric-schrum
To learn more about Schrum Private Wealth please visit: https://www.christianretirementplanner.com/
2023-10-3117 minThe Christian Retirement ShowEp. 31 We’re back! The Future of the Christian Retirement Show!Hello! And welcome back to this week’s episode of the Christian Retirement Show! In case you’re wondering, yes! We have been on a bit of a break. Eric recently welcomed his first child and used the opportunity to take some time away from recording and make improvements to the show.
During this episode, we talk about what to expect going forward with the show and also an update on the market’s this year! As always, we want to hear from you! Reach out to us with your thoughts and questions at www.schrumpw.com or...
2023-08-2906 minThe Christian Retirement ShowEp. 30 Hidden Retirement Killers! Longevity RiskHello! And welcome to this week’s episode of the Christian Retirement Show. Today we are continuing our series on the hidden Retirement Killers lurking just under the surface for people who are retired or are preparing for retirement and how to beat them! This week we’re talking about the biggest fear I hear from retirement savers which is longevity risk!
On today’s show we cover what longevity risk is, it’s causes, and how to overcome longevity risk so you can have a successful retirement!
Causes:
Over...
2022-04-2815 minThe Christian Retirement ShowEp. 29 Hidden Retirement Killers! Sequence of Returns Risk.And welcome to this week’s episode of the Christian Retirement Show. Today we are starting our series on The hidden Retirement Killers lurking just under the surface for people who are retired or are preparing for retirement and how to beat them! This means we are going to be spending the next few week’s talking about 1 of 4 different retirement killers, what they are, why they are important and what you can do to combat them. To begin we are going to be talking about one of the biggest retirement killers out there and a risk that not many...
2022-04-1414 minThe Christian Retirement ShowEp. 28 Is Now The Right Time to Invest In The Stock Market?Today I’m talking about if now is the right time for a retirement saver or retiree to invest in the stock market. But the answer to this question has a twist! So, if you’re ready to hear unbiased retirement advice and not someone trying to sell you a product, then this episode is for you!
Key Take Aways:
Time in the market beats timing the market
The future is unpredictable
Personal finance needs to be just that- Personal
How to listen to today’s show:
On Appl...
2022-03-2414 minThe Christian Retirement ShowEp. 27 Biblically Responsible Investing: What You Need to KnowWelcome to this week’s episode of the Christian Retirement Show! In today’s episode we discuss Biblically responsible investing- What it is, pros & cons, and how we at Schrum Private Wealth Management implement BRI for our clients.
Show Outline:
What is Biblically Responsible Investing?
Biblically responsible investing is the process of investing your money in companies whose business practices align with biblical values. Another way to think of BRI is screening out companies who engage in practices which are contrary to biblical values. Often these values are thi...
2022-03-1717 minThe Christian Retirement ShowEp. 26 - 7 Best Ways To Save Money In 2022!Hello everyone and welcome to this week’s show! For today’s episode I thought we would discuss something that is always on everyone’s mind and also is more light hearted than last week’s episode. Which if you missed I highly recommend going back and listening to because we discussed the tragic situation in Ukraine happening right now and how that might affect your retirement. Plus, in that episode I share 2 strategies you can employ as a retirement saver or retiree to combat volatility and global uncertainty to ensure you are growing but also protecting your money for your...
2022-03-0917 minThe Christian Retirement ShowEp. 25 How the Russia/Ukraine Conflict Affects Your RetirementWelcome to this week’s episode of the Christian Retirement Show! This week we are discussing the conflict between Russia & Ukraine, what this means for your retirement ,and 2 retirement strategies you can implement in times such as these.
Show Outline:
As I type, Russia has continued to escalate the conflict in Ukraine but has been frustrated by the valiant resistance of the Ukrainian military and civilian population. In addition, both Europe and the United States have imposed significant social and economic sanctions.
With all of this in mind, it may seem like...
2022-03-0314 minThe Christian Retirement ShowEp. 24 What Should A Christian Retirement Look Like?On this week’s Christian Retirement Show, CFP Professional Eric Schrum discusses what Retirement should look like for Christians.
It’s a question which is asked often and the answer is Yes, retirement should look different for Christians! During the episode Eric shares 2 take-aways from romans 15:15-24 for the retiree or for someone who is nearing retirement:
1. God has a calling for you now and in retirement, and that calling is different for everyone.
2. Your retirement is going to look different because of the hope and purpose you have on your life.
If y...
2022-02-0911 minThe Christian Retirement ShowEp. 23 Three Ways To Access Retirement Funds Early...Penalty Free!Welcome to this week’s episode of The Christian Retirement Show! Today we are talking about 3 ways to access your retirement savings early…penalty free! You heard that right!
Typically went it comes to retirement accounts and generating retirement income in an early retirement, a retiree must wait until the fateful age 59 ½ before accessing their funds. This is because withdraws prior to age 59 ½ incur a 10% penalty! But take hope, there are a number of strategies which allows retirement savers to start retirement income early.
1. The Rule of 72t allows you to take subs...
2022-02-0216 minThe Christian Retirement ShowEp. 22 The #1 Threat to your Retirement Investments and How to Thwart ItOn this week’s Christian Retirement Show CFP® Professional Eric Schrum talks about the number 1 threat to your retirement investments and how to thwart it!
Recently Dalbar, INC. released a shocking study that has high importance to retirement savers. Dalbar’s study showed that while the SP 500 over a 20 year period returned over 6% per year, the average stock market investor returned just over 4%. A gap of almost 2% per year.
But the news get’s worse. A a retirement investor and saver you are likely in that camp! But don’t worry, Eric shares 3...
2022-01-2016 minThe Christian Retirement ShowEp. 21 Ten Stock Market Surprises for 2022 (Part 2) Ft. Owen SchrumWelcome! To this week’s episode of the Christian Retirement Show! We are jumping back into our Top 10 market Surprises for 2022 and why they are important for Retirement Savers!
Joining us during our show is the founder and president of Schrum Private Wealth Management-and my father! Owen Schrum. Owen, received is CIMA® and MBA designations from the Wharton School of Business at The University of Pennsylvania and brings over 30 years of wealth management experience to Schrum Private Wealth Management.
How to Listen to Today’s Episode:
Christian Retirement Planner: https://www.christianretirementplanner.com/blog-01...
2022-01-1329 minThe Christian Retirement ShowEp. 20 Ten Stock Market Surprises for 2022 (Part 1)This week we are diving into Byron Wein’s 10 surprises for 2022 and why they may be important for retirement savers!
Each year for the past 37 years, legendary investor Byron Wein shares 10 surprises that could happen in the stock market and economy in the year ahead. These surprises are not guarantees, but rather events he thinks have a greater chance of happening than the average investor believes, making it a fun exercise to expand our knowledge as retirement investors.
How to Listen to today’s episode:
Via christianretirementplanner.com: https://www.christianretirementplanner.com/blog-01
...
2022-01-0617 minThe Christian Retirement ShowEp. 19 3 Retirement Tips For The End Of The YearThe end of the year is upon us which means there is a lot to do to get ready for 2022. One thing you do not want to neglect is making sure your finances are in order. As someone in retirement or someone who is preparing for retirement, you want to make sure that you take care of all the various financial planning items that become due on 12/31 of each year.
On today’s episode we start a series where we will address 3 financial planning tips you should consider before the year is over.
Show Outline:...
2021-12-2014 minThe Christian Retirement ShowEp. 18 Is it a Sin to Save for Retirement?Today I’m talking about Retirement Planning, but not like you’ve ever heard it before.
While we can talk about retirement strategies and retirement income plans until the sun goes down, shouldn’t we first stop to ask ourselves, when is it wise to save for retirement and when do our retirement goals turn into sinful idols?
On today’s episode we are addressing a question I hear often which is, I want to save and invest for retirement, but I know the Bible tells me I should give. Sometimes the Bible even tells people t...
2021-11-1813 minThe Christian Retirement ShowEp. 17 How to Turn $8k into $6 BillionOn this week’s show we discuss one of the craziest financial stories of the year, how an “investor” turned a $8,000 investment into $5.7 billion dollars! We also examine a retirement article from the Motley Fool about Dangerous Retirement Myths. Are the main stream financial media articles about retirement worth paying attention to? We’ll let you know in this week’s episode.
Outline of this episode:
[1:15] Weekly Money Bible Verse [2:00] Dangerous Retirement Myths [2:15] Retirement Myth 1 [3:53] Retirement Myth 2 [5:11] Retirement Myth 3 [6:30] Retirement Myth 4 [9:20] How to turn $8k into $6 billion
In summary, it’s always best to do the ex...
2021-11-1114 minThe Christian Retirement ShowEp. 16 Is Social Security Going to Run Out?!Are you a Christian who is diligently saving for Retirement and stay up at night with that nagging question….”Is Social Security going to be there when I retire?” Or maybe you are a Christian who is already retired and your question is “Wow, I’m taking Social Security right now, is it going to go away?!?
Well today we tackle that very important Social Security question. We look at an article on Market Watch written by Brett Arends which examines the effect Covid has had on the Social Security Trust fund, as well as the health of Social...
2021-11-0318 minThe Christian Retirement ShowEp. 15 Three Types of Financial Advisors You Should AVOID!This week on The Christian Retirement Show, Eric talks about a topic that is sure to make people in the wealth management industry mad!
That topic is 3 types of financial advisors you should avoid to have the best retirement and relationship with your financial advisor!
To work with Eric, please email eric@schrumpw.com or visit www.schrumpw.com to start the conversation.
2021-08-2418 minThe Christian Retirement ShowEp. 14 A Different Retirement Plan for Christians & God's Underwater World With Tec ClarkToday we have an amazing show for you! I sit down with the one and only Tec Clark to talk about the amazing underwater world, his career in scuba, and what a different approach to retirement can look like for Christians.
Be sure to check out God's Underwater World and use code: "GUW25" for 25% off! https://www.scubaguruacademy.com/p/gods-underwater-world
To work with Eric go to schrumpw.com or email eric@schrumpw.com
2021-08-1752 minThe Christian Retirement ShowEp. 13 Three Retirement Mistakes You May Be Making Right NowTo work with Eric please visit www.schrumpw.com or email eric@schrumpw.com
On today's episode, Eric discusses a recent Kiplinger article titled into "3 Retirement Mistakes You May Be Making Right Now."
Eric explores whether the investment news out there is reliable by highlighting the good and bad in this retirement advice article. Eric also talks about the modern space race between Jeff Bezos & Sir Richard Branson.
To explore the retirement article further you can find it linked here: https://www.kiplinger.com/retirement/retirement-planning/603135/3-retirement-mistakes-you-may-be-making-right-now
2021-07-2220 minThe Christian Retirement ShowEp. 12 Before you Leave W/ Author Todd Von HelmsOn this week's Christian Retirement Show Eric sits down with Author and Scholar Todd Von Helms to discuss his newest book "Before You Leave: For College, Career, & Eternity." Eric & Todd also discuss what the Bible has to say about finance, money, and how to be a great steward while not giving into legalism.
To order Todd's book visit Amazon or Todd's Website.
To work with Eric please visit Schrumpw.com or email eric@schrumpw.com
2021-07-1553 minThe Christian Retirement ShowEp. 11 The Best Accounts for Retirement SavingOn this week's episode of The Christian Retirement Show, host Eric Schrum discusses the best retirement accounts to use for retirement savings and how to use them.
To work with Eric, please visit schrumpw.com or email Eric at eric@schrumpw.com.
2021-07-0820 minThe Christian Retirement Showep. 10 Building A Business From Scratch With 321 Coffee CEO Lindsay WregeOn today's Christian Retirement Show, Eric is joined by Lindsay Wrege. Lindsay started 321 Coffee while in college to employ people with special needs and make a great cup of coffee in the process.
To learn more about working with Eric you can visit www.schrumpw.com
To learn more about 321 coffee visit their location at the Raleigh Farmers Market and visit their website at https://321coffee.com/
2021-06-1539 minThe Christian Retirement ShowEp. 9 5 Investment Rules For A Successful RetirementOn this week's episode Eric shares 5 rules every one needs to follow to be successful planning and investing for retirement.
Eric is a CFP® professional who specializes in helping Christians plan and invest for retirement. To learn more about working with Eric please visit www.schrumpw.com and click "Free Portfolio Review" to start the conversation
2021-05-2722 minThe Christian Retirement ShowBitcoin's Wild Week, Elon Musk, & Traditional IRA Basics You Need To KnowIn this show Wealth Management Advisor and CFP® Professional Eric Schrum talks about the crazy week in Bitcoin, Elon Musk, and Basics you need to know about Traditional IRAs.
As always, Eric is here for your Retirement Planning and Investing needs. You can visit www.schrumpw.com and click free portfolio review for a free retirement assessment!
2021-05-2020 minThe Christian Retirement ShowEp. 7 What is Biblically Responsible Investing with Robert NetzleyLearn exactly what Biblically Responsible Investing is and how you can implement it in your investments with the founder & CEO of the world's largest BRI ETF provider, Robert Netzley.
2021-03-3042 minThe Christian Retirement ShowEp. 6 Wisdom For Life and Finances with Adam HallOn this week's episode Eric sits down with former All-American wrestler, Team USA Olympic Trialist, Ivy League Alumn, Div. 1 Coach, and fellow believer Adam Hall to discuss the financial and life lessons he's learned through challenges and success.
2021-03-0235 minThe Christian Retirement ShowEp. 5 5 Things to look out for in the Stock Market in 2021In this week's episode Eric discusses 5 things which may have an impact on the markets and the economy in 2021!
2020-12-0311 minThe Christian Retirement ShowEp. 4 Money Questions You Always Wanted To Ask Your Pastor w/Pastor John MullerEric speaks with Summit Church Campus Pastor John Muller and ask him all the questions you've always wanted to ask your pastor but haven't had the chance or the nerves to ask!
2020-11-0653 minThe Christian Retirement ShowEp. 3 5 Things Christians Can Do To Win With MoneyEric explores 5 ways tangible ways Christians can win with money and how to implement them into your life!
2020-10-2116 minThe Christian Retirement ShowEp. 2 How to Make the Most of Your Life & Finances with Dr. Jason MizellEric talks with Colo-rectal surgeon Dr. Jason Mizell. Dr. Mizell is an accomplished surgeon who also teaches the highest attended elective class at UAMS about personal finance and investing. In this week's episode Dr. Mizell & Eric discuss the financial lessons Dr. Mizell has learned through his career, what he teaches new Doctors about their finances, and what it's like to work in a demanding profession!
2020-10-0856 minThe Christian Retirement ShowFaithful Stewardship Ep. 1 with Former NHL Player, Pastor, & NY Jets Chaplain Adam BurtOn this episode of The Faith First Advisor Eric talks with Adam Burt about his journey playing 14 seasons in the NHL, becoming a pastor in New York City right after 9/11, becoming the NY Jets team chaplain, and the financial lessons he learned along the way.
2020-09-0142 min