The Christian Retirement Show

Are the investments you're being pitched actually good for YOU — or good for the person selling them? CFP® Eric Schrum cuts through the noise and gives honest, no-nonsense grades on 5 investments retirees commonly encounter: Mutual Funds, Variable Annuities, ETFs, Whole Life Insurance, and Term Life Insurance. This is Part 1 of an ongoing series. Every retiree's situation is unique, but this gives...

⚠️ Miss this IRS deadline and you could owe a 25% penalty on your own retirement money. In this video, CFP® Eric Schrum breaks down exactly what Required Minimum Distributions (RMDs) are, when they kick in, how much they could cost you if you ignore them — and the strategies you can use right now to take control before the IRS does. Whether you're approaching retirement or already in it, this is o...

Most retirees budget carefully for everything — except the Medicare bill that quietly adds $5,000 or more to their annual expenses. It's called IRMAA, and if you have a substantial retirement portfolio, there's a good chance it's coming for you. In this episode, I break down exactly what IRMAA is, why it catches so many high-income retirees completely off guard, and — most importantly — four strat...

Most people don't find out about Required Minimum Distributions until it's too late — and by then, they're already facing a tax bill they never planned for. In this video, I break down exactly what RMDs are, when you're required to start taking them, how to calculate yours, and the smart strategies retirees are using right now to minimize the tax hit.   If you have a 401(k), Traditional IRA, SEP-I...

Are you actually ready to retire, or are you just chasing a number that may not even fit your life?   One of the biggest mistakes people make when planning for retirement is fixating on an arbitrary portfolio goal like $1 million, $2 million, or more, without ever asking a better question: How much do I actually need to live the life I want in retirement?   In this video, I walk through a more pra...

If you're between 30 and 50, you're sitting on one of the greatest wealth-building windows of your life — but only if you make the right moves. As a CFP professional with over 10 years in the wealth management industry, I'm breaking down the 5 things I'd focus on right now to build serious wealth in your 30s and 40s. Whether you're just starting to get serious about money or already earning well b...

If you want help turning your portfolio into a structured retirement paycheck: 👉 Apply here: https://calendly.com/meeterics/free-10-minute-intro-call   When should you claim Social Security? Should you take it at 62, wait until full retirement age, or delay benefits? In this video, I walk through 3 common Social Security mistakes that can cost retirees thousands of dollars over time.   We cover:...

In this episode, we break down what the latest Iran developments could mean for the stock market, oil prices, inflation, and investors. Geopolitical headlines can move markets fast, but not every headline matters equally. In this conversation, we talk through what investors should actually pay attention to, where higher oil prices could show up first, what parts of the market may be helped or hurt...

If you want help turning your portfolio into a structured retirement paycheck: 👉 Apply here: https://calendly.com/meeterics/free-10-minute-intro-call We work best with households that have $1M+ invested and are within 10 years of retirement.   Most people think retirement risk is about money.   They think about market crashes, inflation, taxes, healthcare costs, and whether their nest egg will la...

If you want help turning your portfolio into a structured retirement paycheck: 👉 Apply here: https://calendly.com/meeterics/free-10-minute-intro-call We work best with households that have $1M+ invested and are within 10 years of retirement. If you’re approaching retirement with $1M–$5M invested, the biggest risk isn’t the market… It’s how you take income from your portfolio. Most people spend de...

Episode Overview In this special episode of The Christian Retirement Show, we sit down with Adam Burt, a former NHL defenseman who stepped away from hockey to serve in pastoral ministry. He recently completed a new book that explores faith, discipline, and personal growth. During our discussion, Adam recounts the jarring impact of body checks on the ice, his shift into spiritual leadership, and th...

Welcome 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 Privat...

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...

Hello! 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...

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 w...

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 ne...

Welcome 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 practi...

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...

Welcome 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 a...

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 i...

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...

On 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...

Welcome! 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...

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 believ...

The 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 whe...