Artwork

A.B. Ridgeway, CPWA®️, MBA, A.B. Ridgeway, and MBA द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री A.B. Ridgeway, CPWA®️, MBA, A.B. Ridgeway, and MBA या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal
Player FM - पॉडकास्ट ऐप
Player FM ऐप के साथ ऑफ़लाइन जाएं!

77-year old forced to go back to work-401k retirement wasn't enough (#310)

13:00
 
साझा करें
 

Manage episode 437600854 series 3320629
A.B. Ridgeway, CPWA®️, MBA, A.B. Ridgeway, and MBA द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री A.B. Ridgeway, CPWA®️, MBA, A.B. Ridgeway, and MBA या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal

In this thought-provoking episode, A.B. Ridgeway delves into the harsh realities facing many American seniors today—having to return to work after retirement. Through the story of Larry and Joyce Gessick, a couple in their late 60s and 70s who have found themselves back in the workforce, A.B. highlights the importance of proper retirement planning, financial literacy, and the consequences of underestimating the need for a solid financial plan. The episode serves as a wake-up call to listeners, emphasizing the urgency of taking control of their financial future before it's too late.

Key Takeaways:

  1. The Importance of Early Retirement Planning:
    • Many seniors are forced to return to work because they didn't plan adequately for retirement. It's crucial to start saving and creating a financial plan early on to avoid financial struggles later in life.
  2. Financial Literacy is Key:
    • The lack of financial education has left many older workers unprepared for retirement. Understanding how to manage 401Ks, savings accounts, and other retirement funds is essential to ensuring financial security.
  3. You Control Your Financial Future:
    • While policies and external factors play a role, the responsibility ultimately lies with individuals to manage their finances wisely. Blaming external forces won't solve the problem—taking proactive steps will.

Notable Quotes:

  1. "You are either going to retire by force or by volition."
  2. "Work is the new retirement." — A stark reminder from labor economist Teresa Giller Ducci that for many, the concept of retirement has shifted from leisure to continued employment out of necessity.

💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!

https://calendly.com/abridgewaywm/consultation

📞 Have a question for the show? Email us at: aridgeway@abrwealthmanagement.com

🏠 Visit our Website: https://www.abrwealthmanagement.com

*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.

Video/Audio credit: CBS Evening News

  continue reading

354 एपिसोडस

Artwork
iconसाझा करें
 
Manage episode 437600854 series 3320629
A.B. Ridgeway, CPWA®️, MBA, A.B. Ridgeway, and MBA द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री A.B. Ridgeway, CPWA®️, MBA, A.B. Ridgeway, and MBA या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal

In this thought-provoking episode, A.B. Ridgeway delves into the harsh realities facing many American seniors today—having to return to work after retirement. Through the story of Larry and Joyce Gessick, a couple in their late 60s and 70s who have found themselves back in the workforce, A.B. highlights the importance of proper retirement planning, financial literacy, and the consequences of underestimating the need for a solid financial plan. The episode serves as a wake-up call to listeners, emphasizing the urgency of taking control of their financial future before it's too late.

Key Takeaways:

  1. The Importance of Early Retirement Planning:
    • Many seniors are forced to return to work because they didn't plan adequately for retirement. It's crucial to start saving and creating a financial plan early on to avoid financial struggles later in life.
  2. Financial Literacy is Key:
    • The lack of financial education has left many older workers unprepared for retirement. Understanding how to manage 401Ks, savings accounts, and other retirement funds is essential to ensuring financial security.
  3. You Control Your Financial Future:
    • While policies and external factors play a role, the responsibility ultimately lies with individuals to manage their finances wisely. Blaming external forces won't solve the problem—taking proactive steps will.

Notable Quotes:

  1. "You are either going to retire by force or by volition."
  2. "Work is the new retirement." — A stark reminder from labor economist Teresa Giller Ducci that for many, the concept of retirement has shifted from leisure to continued employment out of necessity.

💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!

https://calendly.com/abridgewaywm/consultation

📞 Have a question for the show? Email us at: aridgeway@abrwealthmanagement.com

🏠 Visit our Website: https://www.abrwealthmanagement.com

*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.

Video/Audio credit: CBS Evening News

  continue reading

354 एपिसोडस

सभी एपिसोड

×
 
Loading …

प्लेयर एफएम में आपका स्वागत है!

प्लेयर एफएम वेब को स्कैन कर रहा है उच्च गुणवत्ता वाले पॉडकास्ट आप के आनंद लेंने के लिए अभी। यह सबसे अच्छा पॉडकास्ट एप्प है और यह Android, iPhone और वेब पर काम करता है। उपकरणों में सदस्यता को सिंक करने के लिए साइनअप करें।

 

त्वरित संदर्भ मार्गदर्शिका