In days gone by, preparing for the future was tantamount to not believing in the return of the Lord. The problem for some elderly pastors is that the Lord hasn't returned yet, but their days of effectively moving the church forward are over or close to it.
A great place to start is to review your current expenses and clarify your future needs. To identify what you will need financially to sustain your current lifestyle after retirement, calculate future expenses by multiplying current expenses by 75%. For some families the reduced cost is based upon the savings recognized by eliminating or reducing such expenses as a mortgage, continued education, work-related commuting costs, and car payments.