Step 6: The Retirement Plan
Build a plan to retire well and on your own terms, with no financial worry
The Retirement Plan reframes retirement as retiring TO something, not just FROM something. "For I know the plans I have for you... plans to give you hope and a future" (Jeremiah 29:11). You'll build your accumulation strategy, then address a question most retirement planning skips: how do you draw down what you've built, wisely, once you get there?
Building a retirement fund is only half the plan. Most people never learn how to actually live off what they've saved without running out or overspending too cautiously. This step also looks at purpose in retirement, what you'll do, not just what you'll live on.
It protects the wealth you've spent years building by making sure it lasts as long as you need it to, covering both the accumulation and the drawdown.
It means retirement is planned around your goals, financial and personal, rather than defaulting to whatever's left over. This step covers building your accumulation strategy so retirement happens by design, not by chance.
Decumulation is how you draw down your savings once you retire. Most retirement planning only focuses on building the nest egg. This step also covers how to spend it wisely, so it lasts as long as you need it to.
No. Retirement also raises the question of purpose, what you'll do with your time. This step looks at community, purpose, and staying generous in retirement, not just the numbers.
As early as possible. The earlier your accumulation strategy starts, the more time your savings has to grow, but this step is built to help you plan wisely no matter what stage you're starting from.
Find out exactly where you are on the Biblical Wealth Plan and what your next step should be.