The Christian Retirement Show

The Hidden Retirement Risk No One Sees Coming (And 5 Ways to Solve it)

Most people think retirement risk is about money.

 

They think about market crashes, inflation, taxes, healthcare costs, and whether their nest egg will last. But there is another risk that often hits just as hard, and almost nobody talks about it early enough.

 

In this episode, we explore the hidden retirement risk of losing purpose after work ends.

For many people, retirement does not just remove a paycheck. It removes structure, identity, momentum, and a sense of being needed. That can leave even financially secure retirees feeling restless, flat, bored, or unsure of who they are without their career.

 

In this episode, we cover:

• Why having enough money does not guarantee a fulfilling retirement

• The connection between work, identity, and meaning

• Why so many retirees struggle with boredom, aimlessness, and loss of direction

• The difference between retiring from work and retiring to something meaningful

• Practical ways to build purpose, rhythm, contribution, and connection in retirement

 

If you are planning for retirement, nearing retirement, or already retired and wondering what this next season is really supposed to look like, this episode is for you.

A successful retirement is not just about financial independence. It is about building a life with purpose, meaning, and direction.

 

 

The content Provided is for general information and educational purposes only and should not be considered a recommendation of any particular strategy investment product or investing advice of any kind. Content is not intended to be and should not be construed as legal or tax advice and or a legal opinion. Please consult a financial professional for your specific situation. Investing involves risks, including the loss of the entire principle. Past performance does not guarantee future results. The views and opinions expressed here are of the author and do not necessarily reflect the opinion of Schrum Private Wealth Management, LLC. Investment Advisory services offered through Schrum Private Wealth Management, LLC. An SEC registered investment advisor.

How to turn a $2 Million Portfolio into a Retirement Paycheck (Without Running Out of Money)

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 decades learning how to grow their investments- but almost no one teaches you how to live off them.

In this video, I walk through how to turn a $2 million portfolio into a reliable retirement paycheck- without running out of money and being forced to sell investments at the wrong time.

We cover:
• Why retirement is a distribution problem, not an investment problem
• The biggest mistake people make with the “4% rule.”
• How sequence of returns risk can quietly derail your plan
• Why the first 5–7 years of retirement matter most

 

If you’re 50–65 and within 10 years of retirement, this is the phase where small mistakes have permanent consequences.

 

The content provided is for general information and educational purposes only and should not be considered a recommendation of any particular strategy, investment product, or investing advice of any kind. Content is not intended to be and should not be construed as legal or tax advice and or a legal opinion. Please consult a financial professional for your specific situation. Investing involves risks, including the loss of the entire principal. Past performance does not guarantee future results. The views and opinions expressed here are of the author and do not necessarily reflect the opinion of Schrum Private Wealth Management, LLC. Investment Advisory services offered through Schrum Private Wealth Management, LLC. An SEC-registered investment advisor.

NHL Veteran and Pastor Adam Burt- The Longest Game

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 the heart behind his new book: The Longest Game- Winning In Life.. Listeners will discover how Adam’s practical insights can shape a fulfilling retirement plan rooted in faith.

Key Takeaways

• Life Lessons from the NHL
  Adam offers a look inside the locker room, recalling the physical challenges of professional sports and the responsibility he felt to support his teammates. His stories reveal the values—focus, endurance, and loyalty—that followed him from the rink to the pulpit.
• Faith Beyond the Arena
  After years of fast-paced competition, Adam leaned into a deeper calling. He opens up about the pivotal day he felt drawn to pastoral work, describing how that decision altered his priorities and sense of purpose.
• Purpose-Filled Retirement
  Adam examines the mindset that can nurture a purposeful retirement. He highlights the importance of aligning finances and life goals with spiritual truths. Listeners will hear practical advice on dedicating time, energy, and resources to pursuits that honor God and serve others.
• Sneak Peek of His New Book
  Adam outlines the core themes of his new project and shares why he believes faith-based practices sustain individuals through every season of life. His writing process combined deep reflection, scriptural study, and real-life experiences from his years on and off the ice.

Why Listen?

• Gain unique perspectives from a former NHL player turned pastor.
• Explore how faith shapes retirement decisions, personal finances, and daily routines.
• Learn actionable steps for living with conviction and discipline.

Action Steps

1. Grab a Notepad – Jot down Adam’s suggestions for integrating faith into your retirement plan.
2. Reflect on Your Calling – Consider the ways your talents and experiences can serve others, just as Adam discovered through his transition to ministry.
3. Check Out the Book – If you’re ready for a new outlook on spiritual growth, be sure to read Adam’s latest work for deeper insights.

Episode Resources

• Adam Burt’s New Book: https://www.amazon.com/Longest-Game-Winning-fulfill-God-given/dp/1956370722
• More Episodes of The Christian Retirement Show: https://www.christianretirementplanner.com/blog-01

Ep. 32 Why Interest Rates Matter

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 Private Wealth please visit: https://www.christianretirementplanner.com/

Ep. 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 eric@schrumpw.com.

If you are interested in retirement planning or investment planning with eric please visit: https://www.christianretirementplanner.com/your-free-retirement-assessment

Ep. 30 Hidden Retirement Killers! Longevity Risk

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 risk is, it’s causes, and how to overcome longevity risk so you can have a successful retirement!

 

Causes:

 

Over-spending- If your lifestyle over reaches your resources you are going to have a rough time in retirement. You may start depleting your savings & investments quickly or it may be a slow burn, but one way or another spending too much will be disastrous for your retirement plans.

 

Investment performance- Most retirees rely on investments to fund their retirement goals. In simple terms- inflation and the cost of living just can’t usually be funded using savings in a checking account. If investment returns during your retirement do not reach certain benchmarks- whether from poor investment decisions or poor overall market performance. This can seriously jeopardize your retirement success and be a significant challenge to overcome. 

 

Living longer than expected- As we discuss modern medical advancements and knowledge on how to take care of our bodies has led to quickly increasing life expectancies and higher quality of life. This means that you not only have a greater chance of living longer but also have living a high-quality lifestyle as well. Now while this is great news and the alternative is not great, this can be a cause of serious concern and anxiety when retirees must face the reality of funding a retirement that is much longer than they ever thought possible. 

 

Retirement Solutions:

 

Budget realistic expectations of retirement spending prior to your retirement date- What this allows you to do is head into retirement with your eyes wide open as to how much you need to live your desired lifestyle and if the resources at your disposable can fund that lifestyle. A great way to do this is by looking at your current level of spending and using that is a gauge for how much you will likely spend once retired.

 

Have a quality investment plan in place- that is built to withstand ups and downs in the market. This means being well diversified and not taking more risk than you are a) comfortable taking and b) should take in order to not jeopardize your retirement savings. 

 

Build a retirement plan- What a retirement plan allows you to do is take all of your lifestyle needs- daily spending, travel, big expenses; all of your resources including retirement savings, pensions, annuities, & social security. And then run calculations to ensure your desired lifestyle can be funded by your resources.

 

Resources in Show:

 

Christian Retirement Planner Website- https://www.christianretirementplanner.com/

Free Retirement Assessment- https://www.christianretirementplanner.com/your-free-retirement-assessment

Weekly Money Bible Verse- https://www.biblegateway.com/passage/?search=Malachi%203%3A10&version=NIV

Listen on Apple- https://podcasts.apple.com/us/podcast/the-christian-retirement-show/id1530097100 

Listen on Spotify- https://open.spotify.com/show/2CvP6jKwvQM9UHCVNbAmVI?si=izRw1lYiQqS0kOBE3hxUpQ

Ep. 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 people know about!

 

First Hidden Retirement Killer- Sequence of Returns Risk

 

Sequence of return risk is the risk that you might retire right when the market takes a significant drop, leaving you to start taking income from your retirement savings when your account is significantly lower than its highest value.

 

To combat this retirement risk there are two great retirement strategies you can employ:

 

1. Start lowering the risk you are taking in your retirement investments as your near retirement and just after you retire.
2. Keep 6 months to 2 years’ worth of living expenses in cash in your retirement savings leaving the rest invested. What this allows you to do is to weather any bear markets or short-term downturns in the market without having to sell investments at a low price in order to fund your retirement income needs.

 

If you are looking for a Christian Financial Planner, you are in the right place. Visit Christianretirementplanner.com or email me at eric@schrumpw.com to start our no cost, no obligation free retirement assessment which allows you to gauge our firm and if we might be a great fit to help you in your retirement planning!

 

Resources in Show:

Christian Retirement Planner Website: https://www.christianretirementplanner.com/

Free Retirement Assessment: https://www.christianretirementplanner.com/your-free-retirement-assessment

Michael Kitces Sequence of Return Risks Article: https://www.kitces.com/blog/understanding-sequence-of-return-risk-safe-withdrawal-rates-bear-market-crashes-and-bad-decades/

Ep. 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 Apple: https://podcasts.apple.com/us/podcast/the-christian-retirement-show/id1530097100
• On Spotify: https://open.spotify.com/show/2CvP6jKwvQM9UHCVNbAmVI?si=DnJ7cAotSai8yYTlNirRlw

 

Episode Links & Resources:

• Retired or nearing retirement? Get a Free Retirement Assessment: https://www.christianretirementplanner.com/your-free-retirement-assessment
• Christian Retirement Planner Website: https://www.christianretirementplanner.com/

Ep. 27 Biblically Responsible Investing: What You Need to Know

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 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 things such as companies who profit from abortion pharmaceuticals, engage in slavery within their supply chains, profit from pornography, the current gender trends, all the way to possible alcohol, tobacco, and gambling sales.

 

What are pros & cons of Biblically Responsible Investing?

 

Pros: 

• Christian’s now have an option to align their faith & finances

• Be part of a growing movement with better investment selection

• Enact change in the culture through investing

 

Cons:

• Higher fees than average

• Mostly Actively Managed Investments

• Can be marketed in a legalistic way.

 

If you are interested in how you can implement Biblically Responsible Investing in your portfolio, we’d love to help. Visit Christianretirementplanner.com or email me at eric@schrumpw.com

 

Resources in Show:

 

Christian Retirement Planner Website: https://www.christianretirementplanner.com/

Free Retirement Assessment: https://www.christianretirementplanner.com/your-free-retirement-assessment

Episode 7 with Robert Netzly: https://podcasts.apple.com/us/podcast/the-christian-retirement-show/id1530097100?i=1000515052460 

Listen to the Show online: https://www.christianretirementplanner.com/blog-01

Listen to the show via apple: https://podcasts.apple.com/us/podcast/the-christian-retirement-show/id1530097100

Listen to the show via Spotify: https://open.spotify.com/show/2CvP6jKwvQM9UHCVNbAmVI?si=DnJ7cAotSai8yYTlNirRlw 

Ep. 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 future.

 

7 Best Ways to Save Money in 2022:

1. Track your expenses not your budget
2. Put together a plan to pay off debt
3. Meal plan the week ahead
4. Put together a savings plan
5. Cancel unused subscriptions
6. Don’t shop at brand name stores
7. Find fun things to do in your hometown that don’t cost a fortune!

 

I had a blast putting together this list, so please share what you do to save money and enhance your life at the same time!

If you are looking for a financial advisor in Raleigh, NC, a financial planner in Raleigh, NC, or a financial planner that has the ability to work with you wherever you are and shares your Christian Faith then you are in the right place. Visit www.christianretirementplanner.com to learn more.

 

Resources in Show: 

• Christian Retirement Planner: www.christianretirementplanner.com
• Free retirement assessment: https://www.christianretirementplanner.com/your-free-retirement-assessment
• Listen to the show online: https://www.christianretirementplanner.com/blog-01
• Listen to the show on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-christian-retirement-show/id1530097100
• Listen to the show on Spotify: https://open.spotify.com/show/2CvP6jKwvQM9UHCVNbAmVI?si=DnJ7cAotSai8yYTlNirRlw

 

Last weeks show about the Ukraine and Russia Conflict:

• Online- https://www.christianretirementplanner.com/blog-01/how-russiaukraine-conflict-effects-your-retirement
• Via Apple Podcasts- https://podcasts.apple.com/us/podcast/ep-25-how-the-russia-ukraine-conflict-effects-your/id1530097100?i=1000552770195 
• Via Spotify- https://open.spotify.com/episode/7pgmLhIpurMTQB201LrwaO?si=94397a5c364d4b45