Ask Pastor John

How Much Money Do I Need to Retire?

8 snips
Oct 17, 2024
How much should you save for retirement? Delve into the gap between savings and needs, considering both generosity and planning. Explore biblical principles that encourage self-sustainability and wise counsel for financial decisions. Discover the importance of contributing to community throughout life and redefining retirement as a time for ongoing service. Challenge conventional views and reflect on how to use your later years for ministry and spiritual growth.
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ADVICE

Get Trusted Financial Counsel

  • Seek professional financial guidance at different life stages rather than relying solely on yourself.
  • Use trained advisors to plan for obligations like protecting your spouse and children if you die.
ANECDOTE

Planner At The Dining Table

  • John Piper recounts using a financial planner while raising four small children to plan for family provision if he died.
  • He emphasizes repeating that planning at each life stage because needs change over time.
INSIGHT

Retirement Planning Is Highly Personal

  • Financial planning must account for many personal variables like family, housing, health, and location.
  • No single financial solution fits everyone because life stages and contexts differ widely.
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