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Anyone have any experience with either of these for retirement planning or savings.

J.M.

Judas Maccabeus wrote:Anyone have any experience with either of these for retirement planning or savings.

J.M.

I have an insurance policy with Everence that my parents took out years ago. They seem competent but charge market rates so it's not any special deal or anything. They actually called me when bank draft payment didn't go through because I typed one of the account number digits wrong. I'm not sure a big insurance company like Met Life would do that.

I don't know anything about their retirement planning or savings. I use Vanguard for that.

Ken wrote:

Judas Maccabeus wrote:Anyone have any experience with either of these for retirement planning or savings.

J.M.

I have an insurance policy with Everence that my parents took out years ago. They seem competent but charge market rates so it's not any special deal or anything. They actually called me when bank draft payment didn't go through because I typed one of the account number digits wrong. I'm not sure a big insurance company like Met Life would do that.

I don't know anything about their retirement planning or savings. I use Vanguard for that.

Yeah. The local Fidelity office is still closed, and I have NO intention of having money moved by anything other than a wire transfer. I just wonder if some postal service shenanigans are going to be pulled.

J.M.

Judas Maccabeus wrote:

Ken wrote:

Judas Maccabeus wrote:Anyone have any experience with either of these for retirement planning or savings.

J.M.

I have an insurance policy with Everence that my parents took out years ago. They seem competent but charge market rates so it's not any special deal or anything. They actually called me when bank draft payment didn't go through because I typed one of the account number digits wrong. I'm not sure a big insurance company like Met Life would do that.

I don't know anything about their retirement planning or savings. I use Vanguard for that.

Yeah. The local Fidelity office is still closed, and I have NO intention of having money moved by anything other than a wire transfer. I just wonder if some postal service shenanigans are going to be pulled.

J.M.

Who knows. I try to avoid using the mail for this sort of thing. I always try to do pull transfers rather than push transfers when moving money electronically because it seems safer that way. I suppose you can always go to the post office and use priority mail with tracking if it is important. Or pay even more and use FedEx.

Judas Maccabeus wrote:Anyone have any experience with either of these for retirement planning or savings.

Everence's mutual funds (Praxis) are reasonably good, but Finny's funds typically outperform them.

I looked into Anabaptist Financial some years ago, requested a packet, with the intention of investing. I didn't, however, partly because I knew one of the men on the local board here in Ohio, and have not been impressed with his business practices and attitudes. Also, I was looking for an organization that invests in ministry operations, not so much in just business ventures.

Back when I was still a member in the Mennonite Brethren conference I had an investment in what they called the Deacon's Fund. (This was in the Southern District of the US MB conf. - I don't know if all regional conferences of the MB had the same sort of investment opportunity.) They paid higher than secular interest, and were still able to loan funds to congregations and foreign mission operations well below the bank rates. No investments were loaned to businesses. That's the type of fund I've been looking for ever since I had to pull out of that fund. (I was actually no longer a member of an MB congregation for around the last 8 years I had investments there, but when we moved back to the States and settled in Ohio, where there are no MB congregations, they could not keep us in the fund, due to state laws. I had kept my parent's address as my own address for the previous 20 years, even though I was no longer a resident of Oklahoma. It didn't matter to them that we were not living in the States, but becoming an Ohio resident was different.)

ohio jones wrote:

Judas Maccabeus wrote:Anyone have any experience with either of these for retirement planning or savings.

Everence's mutual funds (Praxis) are reasonably good, but Finny's funds typically outperform them.

Finny accepts WAY more risk than I am comfortable with. Besides, I would have to go through a broker anyway, I doubt he is licensed in Maryland.

J.M.

Judas Maccabeus wrote:

ohio jones wrote:

Judas Maccabeus wrote:Anyone have any experience with either of these for retirement planning or savings.

Everence's mutual funds (Praxis) are reasonably good, but Finny's funds typically outperform them.

Finny accepts WAY more risk than I am comfortable with. Besides, I would have to go through a broker anyway, I doubt he is licensed in Maryland.

J.M.

Last I checked, several years ago, you get 1% interest from AF for short-term investments, and 3% for long-term. My guess is that most investors in AF aren't looking for large returns, just reasonably good security and also the knowledge that their investments are supporting fellow conservative Anabaptist families and businesses.

mike wrote:

Judas Maccabeus wrote:

ohio jones wrote: Everence's mutual funds (Praxis) are reasonably good, but Finny's funds typically outperform them.

Finny accepts WAY more risk than I am comfortable with. Besides, I would have to go through a broker anyway, I doubt he is licensed in Maryland.

J.M.

Last I checked, several years ago, you get 1% interest from AF for short-term investments, and 3% for long-term. My guess is that most investors in AF aren't looking for large returns, just reasonably good security and also the knowledge that their investments are supporting fellow conservative Anabaptist families and businesses.

Yea, the ones that wanted high returns put their money in Trickling Springs....

ken_sylvania wrote:

mike wrote:

Judas Maccabeus wrote:
Finny accepts WAY more risk than I am comfortable with. Besides, I would have to go through a broker anyway, I doubt he is licensed in Maryland.

J.M.

Last I checked, several years ago, you get 1% interest from AF for short-term investments, and 3% for long-term. My guess is that most investors in AF aren't looking for large returns, just reasonably good security and also the knowledge that their investments are supporting fellow conservative Anabaptist families and businesses.

Yea, the ones that wanted high returns put their money in Trickling Springs....

Yep.