More Than Money

A Continued Calling: a Q&A on Retirement

For many who enter the retirement season, questions for what to do with their time and how to continue serving or volunteering with purpose arise. After you worked in your place of service for years then passed the torch on to others, how will you spend your time? Who will you invest in? Your retirement may be exactly what you thought it would be, or it may bring with it an unexpected season of continued and intentional work and ministry. We interviewed Ruby Fulbright, former Executive Director/Treasurer of WMU North Carolina, and asked her to share a few of her retirement experiences and how she continues to invest well during this season of life.

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WMU Foundation: What is one thing that surprised you most about retirement?

Ruby: I think I expected more down time, more rest, maybe even a chance to be a little bored. I didn’t expect retirement would be all rest and moving at a slow pace. I didn’t want that. But, almost immediately, I was busy, busy, busy.

WMU Foundation: Are there any books, websites, or other resources you would suggest for retirees or those planning to retire?

Ruby: Calvin Partain’s book, More Than Money, is an excellent resource (and you can find free monthly bible studies and leader guides on the WMU Foundation website to go along with this book). I learned a great deal from the WMU Foundation through resources they sent out and through learning experiences while I served on the Board of Directors. I also have some very good friends who retired before me, and they seemed to have done it right, so I spent time talking with them. Asking those we respect and who have experienced retirement can be very helpful.

WMU Foundation: Tell us the most fun thing you’ve done since retiring.

Ruby: When our three children left the nest, they flew far away, and, not until I retired in 2012 have we lived close to them or to grandchildren. Currently, we live close to two of our grandchildren in North Carolina, two others are in Alabama, and two are in Texas. Retirement meant I could travel to Alabama and Texas and spend extended time with the grandchildren. It is a blessing to me as a grandmother to have been at the birth of all six of my grandchildren.

WMU Foundation: How many years did you spend in your career, and what did you do?

Ruby: I married while my husband, Ellis, and I were still working on our educations. Immediately after my husband graduated from seminary, we went to Zambia, Africa, to serve with the Foreign Mission Board (now International Mission Board) as career missionaries. We served there twelve years.

Because of some health issues, we returned to the States and I worked alongside my husband in associational missions work and on a church staff. Very quickly I became involved with WMU in my church, my association, and on the state level. While serving as WMU North Carolina State President from 1999-2002, I was asked to consider taking a ‘paying job’ and was elected as Executive Director/Treasurer of WMU North Carolina. I served in this position for ten years.

WMU Foundation: Now that you are retired, how do you spend your time?

Ruby: Grandchildren, NABWU (now Baptist Women of North America), young women (Uptick), WMU North Carolina Executive Board, CWJC Executive Board, WMU Foundation Board, church Women on Mission, Sunday school teacher, mission trips.

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WMU Foundation: How do you invest in others in your retirement?

Ruby: I retired in June 2012, and, in October of 2012, I became Vice President of Leadership Development, Networking, and Mentoring for North American Baptist Women’s Union (now Baptist Women of North America). This was a 5-year commitment, and one of my greatest joys was learning from, teaching, mentoring, and encouraging young women through that organization and currently through the Uptick experience of the Spence Network. I guess I’d have to say that besides ‘building into’ my grandchildren, continuing to work with young women in leadership and ministry is where I spend most of my time.

WMU Foundation: What advice would you give other retirees about using their time wisely?

Ruby: Take time in the beginning of your retirement to rest and discern God’s leadership before jumping right into busyness. Other people will have a gazillion suggestions/opportunities (all good things) for you to do or invest in, but first reflect on those things you wanted to do and couldn’t when you were working. Give yourself time to do some of those things that fill your heart and your soul as well as your calendar.

WMU Foundation: How are you connected to the WMU Foundation?

Ruby: As Executive Director/Treasurer of WMU North Carolina, I came to appreciate who the WMU Foundation was, what she stood for, and how helpful David George, in particular, was to us as a state organization. During some rocky times for WMU North Carolina, the WMU Foundation offered advice, suggestions, and encouragement related to our finances and investments.

I served on the Board of the WMU Foundation from 2013-2018, and, for three of those years, I was Chair of the Awards and Nominations Committee. This committee, in my opinion, is the best committee of all. There definitely is work to do and there are difficult decisions to make, but this committee helps determine scholarships and grants, which ensure the missions and ministries of WMU and Baptists around the world continue.

WMU Foundation: What has been the most meaningful part of retirement so far?

Ruby: Seeing someone I’ve invested in go into their own ministry and calling. Being told ‘thank you’ when I didn’t even know I did anything out of the ordinary. Having some time to journal and write and giving advice because ‘I’ve been there and done that.’ Knowing that a big part of my calling at this stage in life is to share what I’ve experienced, the ups and the downs, the good days and the bad, and being able to offer assurance that God is always near to comfort, hold, encourage, pick you up when you fall, and help remind you that “for such a time as this” I have been called.

To find more ways to use your missions passion during retirement, please contact us at wmufoundation@wmu.org or visit our Give Your Way page to see various options for how you can get involved.

Plan & Prepare: a Q&A on Retirement

James Wright, WMU Foundation board chairman, joined us for a Q&A on retirement:

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1. What is the one thing that surprised you the most about retirement?

I anticipated having a lot of “free” time to do things that I wanted to do, and not have to plan my days and weeks. I found very quickly that you can get busy, and there is a need to still plan and carefully maintain your calendar and commitments so you will have time to do the things you want to do. If you don’t take time to plan, you will find your days going by very quickly and you have not accomplished the things you planned to do.

2. What are the top three words of advice you would give to someone who is wondering when they should retire?

My three words are: Plan, Prepare, and Economize.

Plan: Knowing when you are financially prepared to retire requires a lot of planning. This includes knowing the income you will have in retirement such as Social Security, the amount available to withdrawal from retirement accounts, what other financial resources are available to you, and knowing your expenses in detail. Make a budget that includes monthly expense items, and be sure to include annual expenses such a property taxes, house and car insurance, etc. You need to know all of this to have a full view of all of your expenses for a year.

Prepare: There is the need to Prepare. My greatest suggestion for preparation is to begin retirement debt free. When you don’t have a house or car payment you greatly reduce your annual expenses. This takes a LOT of preparation, but gives a much higher level of assurance that you will have enough money in retirement.

Economize: Especially in the early years of retirement, it is wise to live on less than your income. Investment returns can vary greatly from year to year so spending less can take pressure off needing the best of investment results. I very simply call it living below your means.

3. What would you say to someone who is approaching retirement age and worries they do not have enough money saved?

If a person has this question, then they need to seek assistance from a person who can help them do the calculations to know for sure. I recommend a financial planner to review your personal financial situation and accurately assess when you can retire and maintain your lifestyle. If you don’t have as much as you need, consider working a few more years. Or if you are close to having enough, consider working part time.

4. Are there any books, websites, or other resources you would suggest for retirees or those planning to retire?

More Than Money by Calvin Partain is a great book about stewardship and helpful as you think about how you will spend your time, resources, and money. More Than Money is available through New Hope Publishers. Free Bible studies and leader guides based on the book are available on our website.

5. Tell us the most fun thing you’ve done since retiring?

Without a doubt it has been traveling. My favorite was a trip to Scotland visiting tourist sites in Edinburgh and Glasgow and being able to go to the home of golf, The Old Course in St. Andrews. The main part of our trip was hiking the West Highland Way which is a 100-mile trail over an eight-day period. We hiked during the day until we reached a village or a town and spent the night in a Bed and Breakfast. We enjoyed Scottish culture and food. It is a trip I will always remember.

More Than a Resolution: Intro

Another year passed and we are at the crossroads once again as we approach a new year. It’s a time of celebration, a time of reflection on where we have been, and a time of preparation for the future as we think on whom we will be. Resolutions are being created—a plan to better ourselves or the lives of others. Typically, we will focus on one area of our life: our weight, our finances, our time, or our relationships.

What if in 2017 we resolved to focus on every part of our life? What if we made a holistic resolution allowing us the opportunity to direct each area of our life toward its intended purpose—glorifying God?

“Through seasons of scarcity and seasons of plenty, all of life is in God’s hands. He is the ultimate faithful steward, and knowing the faithfulness of God builds a foundation for our own faithful stewardship. God has entrusted to us everything that is in our care, and our love for God and for others should compel us to live rightly. Stewardship is gratitude for the love God has shown us. Therefore, the decisions we make about our finances, bodies, minds, abilities, time, relationships, substance, positions, and how we share the gospel are all a response to God’s faithfulness.” –Dr. Noel Forlini Burt, excerpt from the More than Money Bible Study

In 2017, the WMU Foundation will release ten Bible studies on More than Money—a book focusing on whole life stewardship. These Bible studies will take us through topics focusing on:

The Foundations of Stewardship

Join us each month in 2017 as we set resolutions bringing true change, focusing our lives on being conformed into the image of Christ, and joining together with brothers and sisters in a community to spur one another on. This journey will be more than a resolution—it will be an opportunity for the Lord to work in and through your life.