Jobs In Retirement Are The Future as 1 out of 4 adults 50 and over say they will never retire (#230)

Financial Advisors Say The Darndest Things

Episode Summary: In this episode host AB Ridgeway explores the concerning trend of individuals planning to work indefinitely due to financial insecurity in retirement. Drawing from his extensive experience in the financial industry, Ridgeway discusses the societal pressures and financial habits contributing to this phenomenon. He emphasizes the importance of proactive financial planning and seeking guidance, particularly from Christian financial advisors, to secure a comfortable retirement.

Key Takeaways:

1. Fear of Change: Many people resist seeking financial advice or making necessary changes out of fear, pride, or shame. Ridgeway encourages humility and acknowledges the challenges of admitting financial struggles. He stresses the importance of seeking help from professionals, especially Christian advisors who offer understanding and support
2. Living Within Means: Ridgeway explains how debt accumulates when individuals live above their means, spending future income on present expenses. He warns against the pitfalls of consumerism and urges listeners to differentiate between assets and liabilities, avoiding excessive debt
3. Financial Preparation: With the looming uncertainty of Social Security and Medicare funding, Ridgeway urges listeners to take control of their financial future. He emphasizes the need for proactive retirement planning, including savings accounts, IRAs, and 401(k) plans, to ensure a comfortable retirement
4. Hope and Action: Despite the challenges, Ridgeway offers hope and encouragement, emphasizing that it's never too late to start saving and planning for retirement. He encourages listeners to take practical steps toward financial security, reminding them that faith in oneself and proactive decision-making can lead to a prosperous retirement

Conclusion: In a society plagued by consumerism and financial insecurity, it's crucial for individuals to break free from unhealthy financial habits and embrace responsible stewardship. Ridgeway's insights underscore the importance of seeking guidance, living within one's means, and proactively planning for retirement. By aligning financial decisions with biblical principles and seeking support from Christian advisors, listeners can navigate financial challenges with confidence and prepare for a secure and fulfilling retirement.

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.