Instead of investing in Wall Street traded corporations, Alma Jean and I have been blessed by having the bulk of our retirement funds in microlending programs that benefit the poor and help the environment.
Our local financial adviser Glen Kauffman, with Everence Association Inc., a fraternal benefit society, has helped us do this through Calvert, MEDA, Oikocredit and similar organizations.
For us this represents the best of both worlds, having our money meet the kinds of needs we typically associate with charitable giving, yet also having it available for later use as needed for our retirement.
For example, Everence offering an Advantage Select High Impact Annuity for individuals wanting to save for retirement while their money is invested helping others. It offers an annual interest rate guarantee of 1.7% for two years or 2.05% for four years.
That may not seem like much, but it helps provide loans for causes that are priceless:
- Emerging and socially engaged congregations growing their ministries and community services.
- Green lending for nonprofit organizations making environmentally friendly improvements.
- Community development needs in underserved areas in the U.S. and around the world.
As a disclaimer, I am not a part of any organized effort to promote Everence or any of its products. But as one of its customers, I definitely approve this message.
Check this link for previous blogs on this subject.