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What We’ll Cover
As the finish line movement has grown, an increasing number of retired people have asked the question, “What does a financial finish line look like if I’m already retired?”. Kealan and Cody tackle this questions along with a number of related questions like, “Does it make sense to keep all my savings and give it away when I die?”. They also share some practical advice and strategies for giving generously and effectively during retirement.
Quotes to Remember
- “For somebody in retirement, there are all these different sorts of income – retirement accounts, social security, pensions, etc – and somebody can ask themselves that same question, ‘How much do I need to live on realistically, so that I can be freed up to use any excess beyond that amount for greater things beyond myself?”
- “The typical question people are asking after retirement is, ‘How much have I saved? And from that, how much can I spend every year or every month?’. And what you’re saying is that’s the wrong question altogether. We should be asking, ‘How much should I be spending?'”
- “I don’t think for us, that every penny in excess of our living expenses should go towards additional security and moving us farther away from ever having to depend on God or others.”
Links from the Show
- Doulos Partners – A missions mutual fund sending 100% of donated funds directly to ministries that are most effectively sharing the gospel around the world
- Finish Line SPRINTs
- Finish Line Pledge on Instagram
Bible References from the Show
Matthew 6:26-30 | Do Not Be Anxious
26 Look at the birds of the air: they neither sow nor reap nor gather into barns, and yet your heavenly Father feeds them. Are you not of more value than they? 27 And which of you by being anxious can add a single hour to his span of life? 28 And why are you anxious about clothing? Consider the lilies of the field, how they grow: they neither toil nor spin, 29 yet I tell you, even Solomon in all his glory was not arrayed like one of these. 30 But if God so clothes the grass of the field, which today is alive and tomorrow is thrown into the oven, will he not much more clothe you, O you of little faith?
Luke 12:16-21 | The Rich Fool
16 And he told them a parable, saying, “The land of a rich man produced plentifully, 17 and he thought to himself, ‘What shall I do, for I have nowhere to store my crops?’ 18 And he said, ‘I will do this: I will tear down my barns and build larger ones, and there I will store all my grain and my goods.19 And I will say to my soul, “Soul, you have ample goods laid up for many years; relax, eat, drink, be merry.”’ 20 But God said to him, ‘Fool! This night your soul is required of you, and the things you have prepared, whose will they be?’ 21 So is the one who lays up treasure for himself and is not rich toward God.”
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