Participants: Shelley Quinn (Host), G. Edward Reid
Series Code: IAA
Program Code: IAA000248
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00:28 Hello, I'm Shelley Quinn and welcome again to
00:32 Issues and Answers. I don't care how old you are, 00:35 you'll want to stay tuned for today's program because this is 00:38 an issue that's going to affect you someday. We're going to be 00:42 talking about contentment in retirement. Is it biblical to 00:47 prepare for retirement? I think it is without hoarding. 00:50 So let me share this scripture with you and it comes from 00:54 Psalm 92:12: It says, The righteous shall flourish like 00:59 the palm tree. They shall grow like a cedar in Lebanon planted 01:04 in the house of the Lord they shall flourish in the courts of 01:07 our God. Growing in grace they shall still bring forth fruit in 01:12 old age. They shall be full of sap, of spiritual vitality, and 01:18 rich in the verdure of trust and love and contentment. 01:22 They are living memorials to show that the Lord is upright 01:26 and faithful. You know, if we don't plan for 01:30 retirement, we may not end up giving God the glory he deserves 01:34 Let me introduce our very special guest. Coming back to 01:37 join us again today is G. Edward Reid and he is a 01:43 Christian author, he's an attorney. He is also the 01:46 stewardship director for the North American Division of the 01:50 Seventh-day Adventist Church. Ed, thank you so much for coming 01:54 back again. Well thank you for inviting me 01:56 Shelley. I'm looking forward to this topic. I think it's an 01:59 interesting one, not just because I have gray hair, but 02:01 because everyone needs to plan for this stage of their life and 02:04 it's not just doing it then, it's thinking about it when you 02:06 are a young person even. 02:07 But now is there such a thing as retirement in the Bible? 02:12 Well that's a good question. I don't think the word occurs in 02:15 the Bible, but the principles are there and it's kind of an 02:19 interesting thing. Like the talks about go to the ant and 02:23 it says you know they gather in the summer so they will have 02:25 food in the winter and so on and so you plan for your life 02:29 time. Of course, the little ant just has to think about two or 02:31 three years, I guess. I don't know how long they actually 02:33 live but they have to plan for winter when they can't be out 02:35 when the snow and ice are out there. They have food there and 02:38 many animals do that as you know, little squirrels and so 02:41 on. So the fact is we can learn from nature even that we should 02:44 plan ahead for a time when because of advancing age and 02:48 maybe physical or mental limitations we can't do what we 02:52 used to do. It's just a common plight of man that we grow old 02:57 and die and there's a portion of our life when we don't have the 03:02 ability to do what we used to do and we call that retirement. 03:05 The reason retirement is not in the Bible is because retirement 03:09 as we know it in America is like 65 years old and no matter how 03:13 healthy you are you stop at that point and so on, because that's 03:15 when Social Security is available to many people and so 03:17 on. Of course, the age is getting older and older when you 03:20 have to retire, you know, the retirement age for full 03:22 retirement. But the fact is, in the Bible families took care of 03:27 the older folks, you know, more that we do today. But for 03:33 everybody, even Christians who are finding the whole Bible 03:35 principles, there is a time that you have to plan for your 03:38 family when you have some things stored up to take care of you 03:41 during those final years. So in that sense, yes. In the Old 03:45 Testament in the book of Judges the priests could not be in the 03:48 Most Holy Place on the day of atonement after age 50 and then, 03:52 of course, the only mention in the New Testament would be 03:54 unfortunately the story of the rich fool who gathered a lot and 03:57 decided to stop working. That's in Luke the 12th chapter. 04:00 But the principles of planning for the future and knowing the 04:03 state of your flocks and herds and knowing what your business 04:05 is doing and so on are still applying to our principles. 04:08 So we'll try to make them more practical as we go through today 04:11 You know, I was just thinking about the verse in 1 Tim. 5:8 04:15 where it says that if you do not prepare or provide for your own 04:21 that you're worse than an infidel. I have a dear friend 04:26 right now who was widowed a year ago whose husband had no 04:31 insurance, nothing set aside. She's at an age that it's 04:35 difficult to get back into the workplace and she's been left 04:38 penniless. Sometimes we look and think sometimes as Christian's 04:43 we do some pretty silly things don't we? 04:45 Well the interesting thing is I have a Bible verse for that dear 04:47 lady and it's actually Psalm 50:14-15. I have it underlined 04:55 in my Bible: Offer to God thanksgiving, pay your vows to 04:59 the most high, call on me in the day of trouble, I will deliver 05:04 you and you shall glorify me. Isn't that awesome? In other 05:07 words God says, you know, all these things happen to people 05:09 and just we're in the common problems everybody has. 05:12 Sometimes we see us all dressed up here at our studio and we 05:16 think well everything's great, but we all of us have problems 05:20 too. We have to trust the Lord to take care of us. So he says 05:22 if you've been faithful to me with your tithes, this is the 05:25 vowed offering from the old testament, you can count on me 05:27 to take care of you in the future and I want to underscore 05:30 before we get into this, and I have to say this a lot about 05:33 biblical principles of money management, and that is many 05:36 people say well if I had known what you're telling me now 40 05:39 years ago my whole life would be different. But don't despair, 05:42 God will still bless us and we can use what we can. We teach 05:46 what I call an ideal principle. But we don't live in an ideal 05:50 world. People have different things happen, medical 05:52 emergencies, a loved one dies, or whatever, but they don't 05:56 need to despair. I think put God first as we've talked about in 05:59 other sessions and then trust him to take care of us. 06:01 It shouldn't be a time where we worry and worry, worry all the 06:05 time, but the fact is we can avoid some of these worries if 06:09 we plan ahead and that's what we want to talk about today some. 06:13 Okay. A lot of Christians might say, Well the Bible says to 06:17 store up your blessings in heaven, put them in a heavenly 06:22 storehouse and if I am trying to plan for retirement how can I 06:27 do so in a way that would please the Lord where I'm not hoarding 06:31 things for myself; where I'm still giving with Christian 06:34 generosity? How do we plan for retirement without hoarding? 06:37 That's a very good question because the Bible discourages 06:40 hoarding. Let me just say that there's a difference between 06:44 savings and hoarding. Savings is saving for a purpose. Hoarding 06:49 is saving for security and if you're saving for security, how 06:52 much is enough? Well people never think they have enough. 06:55 So I'm just going to give you an illustration. In the world out 06:59 there they're talking about comfortable retirement and you 07:03 should have XYZ amount of investments and all these kinds 07:06 of things. I think it's important and we'll talk about 07:08 sources of income in the future, but you don't want to die a 07:12 millionaire. As we talked about some business people in an 07:16 program, you would like to die penniless. The trick is 07:19 dismantling, how do you do it properly? So you need living 07:22 expenses but you don't need to be a millionaire. So we'll talk 07:25 about how would you plan for retirement? How would you look 07:29 at a retirement budget and those kind of things? Another thing 07:31 is that I would tell people you need to learn to enjoy your life 07:35 now, now think everything's going to happen in the future. 07:38 When I get this done and I get that done and the other thing. 07:40 Enjoy your life now but in the process make plans for the time 07:44 when you can't work. 07:45 Yes, because no one's promised tomorrow as we know. 07:48 Yes, that's very good. 07:49 Okay as you do reach close to retirement age what legal papers 07:56 should you have in place? 07:58 Well the reason that you have documents in place is so that 08:01 your will, what you would like to have happen, will, in fact, 08:06 be done when you lose the ability to do it yourself. 08:09 Because as you know in the law, most everyone understands this, 08:13 there's a thing called testamentary capacity, which 08:17 means that you have your mental wits about you and you can make 08:19 a will, you know who your family or your relatives are, you know 08:23 what your obligations are as far as your debts and you know what 08:26 your assets are and you know what properties you own, but 08:28 there are many people alive today, maybe still living at 08:31 home even, but certainly in assisted living and other places 08:34 who really can't remember all these things. You see what I'm 08:38 saying? So if they had made arrangements ahead of time when 08:42 they had their wits about them and the kinds of things we're 08:44 talking about is a valid will, which means properly attested 08:48 and witnessed to and that kind of thing. 08:50 Now before you go any further, I always tell people I don't care 08:53 if you're 18 years old you need a will. 08:55 Yes. Kathy and I have had a will since we were in our 20s and 08:58 I think that now days' most attorneys have a computer where 09:03 your will could be in it and if you want to make even a minor 09:05 you can call him. You know if something happens, you sell a 09:07 piece of property or you have another child born, those things 09:10 should be noted in your will and you can update it very easily. 09:14 So we've updated our wills pretty seriously four or five 09:18 times over the course of our marriage and that is very 09:21 valuable for a married couple and certainly anyone with 09:25 children to have an up-to-date will. 09:27 Now I just want to make a point because you may think I don't 09:31 have anything to leave. But let's say that you're a 19-year- 09:35 old with no money, but if you don't have a will in place and 09:40 perhaps you have some kind of a wrongful death that your estate 09:46 is awarded a sum of a sizable amount what's going to happen 09:51 to it if you don't have a will? 09:52 And that would include your earning capacity for the rest of 09:55 your life and if you're a professionally trained person 09:57 that could be a large amount, so that's very correct. 09:59 Okay. So that's one of the documents you need is a valid 10:04 will. Correct. Another one is if there 10:06 are minor children particularly, there should be a trust document 10:09 to give instructions of how they should be taken care of. Because 10:14 if you don't do that or make arrangements for a guardianship 10:17 in your will and provision for the children, then the state's 10:20 laws of intestacy and descendant distribution will 10:23 come into place, especially like if husband and wife are killed 10:26 in a traffic accident. That has happened, I mean just recently. 10:29 It's been in the news and children are left as survivors, 10:32 minor children. If you don't have a will then the state 10:35 determines who you go to and how you're taken care of. You see 10:38 what I'm saying? And it may be somebody you wouldn't have 10:40 wished to take care of your children. So that's important. 10:43 Another one is what I would call a durable power of attorney and 10:47 that is between husband and wife If one passes away the other one 10:50 can sign for the other one and so one; or not just passes away, 10:53 but becomes incapacitated. They are in a nursing home or 10:56 whatever. We call it a durable power of attorney a durable or 10:59 general power of attorney. 11:00 I'm writing that down because we don't have one. 11:02 I'll make myself a note on that. 11:05 The interesting thing about it is you trust that person to take 11:09 care of you and they're not going to take advantage of you, 11:11 but just give them the legal ability to do that. And another 11:16 one that has been made very, very well known that we should 11:19 have because of the Terry Shivo case of a couple of years ago 11:22 that you should have that we call an advanced medical 11:24 directive. In other words, that could be like a living will or 11:27 something. But these are different for every state. 11:30 So whatever state you live in you need to have your attorney 11:33 make for you an advanced medical directive. For example, if it 11:37 has come to the point where I'm in a vegetative state and I'm 11:42 not going to go on, what would I like to have happen to me; or if 11:46 I can't respond what should I have happen and those kinds of 11:49 things. You can do pretty much whatever you want to, but the 11:52 fact is if you don't have it, other people make that decision. 11:55 But now you caught my attention because we had all of that in 11:57 place while we were living in Texas and then we moved up here 12:01 so you're saying it may be different in this state. I 12:03 I should check this out. Yes, it may be. In fact, if you 12:05 get on the internet you can find advanced medical directives 12:08 but it will say for Texas or for Illinois or for Indiana or for 12:11 Washington, D.C., or whatever. They are similar in many ways 12:16 but you should be as best as you can close to your state's 12:21 requirements. I'm writing that down as well. 12:23 I'm learning some wonderful things here. Are we through with 12:27 the documents? Yes. Let me ask you this question then. I know 12:31 what the world says should be your retirement budget per se, 12:35 but what would you say is a good retirement budget? 12:38 Well, this is really, really important because when I was 12:43 taking some graduate courses in financial planning I took one of 12:46 them in retirement and they asked me to make my own 12:49 retirement budget. Even though I'm a ways away from retirement 12:52 I've made my budget already. So your budget could be done on one 12:56 piece of paper. What do I expect my income to be from all sources 12:59 and we'll talk about what sources there are in a few 13:02 minutes. So whatever your income is and what do you expect your 13:05 expenses to be. Now this is very very interesting because a lot 13:09 of people feel like well Uncle Sam is going to take care of me. 13:12 But every year you get one of those things in the mail that 13:16 says if you're retired at age 62 or age 65 what it's going to be 13:20 and you'll say can I really live on $1500 a month or whatever 13:23 it is. It might be quite a bit less for some people if they 13:26 haven't paid a lot into it. You understand that situation. 13:29 Exactly I'm also thinking that I look at it now and think how 13:33 could I live on $1500 a month. But we have to remember this is 13:37 going to come into play when we are another 10 years older or 13:40 20 years older and then you're really looking at with inflation 13:43 how would you live on that? 13:45 The most amazing thing, and you asked a very good question, 13:48 my personal counsel to everyone is the very best thing you can 13:52 do to plan for retirement is to be debt free including paying 13:56 off your home mortgage. This would be even more important 13:58 I think than putting a large amount in an IRA for example. 14:01 I wouldn't discount those, they are important but your primary 14:05 goal would be to pay your house off so you can live debt free 14:08 as far as your mortgage is concerned and you would only 14:10 then have maintenance, taxes and utilities, but not a big 14:13 mortgage payment during that time, because if you're on a 14:16 smaller income, and most people will be on a smaller income, 14:19 paying a mortgage during that time is very difficult. 14:22 What are some typical sources of income during retirement? 14:26 Well for most of us in America, a few people have been able to 14:30 opt out of it, and most wish they hadn't now, would be 14:34 Social Security. Because of the contribution levels that we're 14:38 making now and deducting mortgage interest over the years 14:42 and so on, the average earner can get their income tax down 14:47 pretty low, but you still have Social Security or FICA as we 14:51 say, those taxes to pay and that's pretty big and you wonder 14:55 well, you know, isn't there a better way. Well the bottom line 14:58 is you have not only an income guaranteed during your 15:03 retirement years, but you also have disability insurance so 15:07 that if you're a wage earner and you become disabled, you'll 15:11 have a disability check come in or even surviving children 15:14 benefit, you understand, so it's not just old age pension. So 15:18 that's important. That's one. Another one could be any pension 15:21 that you may get from your business where you've worked. 15:25 In the years past, there have been many companies who have had 15:28 what we called a defined benefit plan, which means that if you 15:31 work for us for so many years we're going to give you so much 15:33 money the rest of your life each month. 15:35 But aren't those beginning to evaporate? 15:37 Oh, they are indeed. There are very few companies any more 15:40 and most of them for people my age you have part of them your 15:43 defined benefit and now what we have is defined contribution. 15:46 You say if you put this much into your plan, we'll add so 15:49 much to it, and then whatever it does during the time that you're 15:52 working that's going to be yours when you retire. So it's a 15:56 little more difficult and certainly not as much guaranteed 15:58 and you would probably want to seek the advice of a financial 16:01 planner to help you to make proper investments there. 16:04 So that's your pension thing. Another one would be like a 401K 16:09 or an individual retirement account if you're in business 16:11 for yourself, those kinds of things, but I would always 16:14 suggest to people that you have more than one source of income 16:16 because any one of them alone would probably not be anywhere 16:20 near the kind of living that you're used to, life style, you 16:24 understand. So I would think in terms of having at least two if 16:27 not more. Another thing is people who have healthy bodies 16:31 at the time that they start the Social Security... by the way 16:34 at age 65 you can draw your Social Security or at your full 16:37 retirement age whatever that may be and you can still work. You 16:41 can still have income or sources that don't count against your 16:44 Social Security income. So that is important to know. So I would 16:47 suggest any time you're... But you don't want to take early 16:49 retirement because if you take early retirement then you cannot 16:52 work, is that correct? No, no. You can still work up 16:56 to $13,000 a year, but any beyond that deducts from your 17:00 Social Security, but at your full retirement age you can work 17:03 unlimited and there's no deduction from Social Security. 17:06 Right. Now Ed let me ask you a question because long term 17:09 health care insurance has been on the market now for a good 17:12 20-plus years. What do you think of long term health insurance? 17:17 I would not want to just give you my opinion about this. 17:22 I will try to give you what I consider to be conventional 17:24 wisdom today. Obviously the insurance companies want to sell 17:28 the product and if you have the product and you have afforded it 17:31 and you need it you're glad you have it. But here's the real 17:34 truth of the bottom line of all this kind of thing; 86% of men 17:39 never spend one day in a nursing home or any long term 17:43 care facility. My wife's father and my father are both passed 17:48 away. Neither of them spent a day in a nursing home. One died 17:50 of a heart attack, the other died of a brain aneurysm and 17:52 that's the end of it for them and they were both advanced in 17:56 age and so on. Sixty-nine percent of women never spend 18:00 a day in a nursing home. That's almost 70%. So what it means is 18:04 most people never need long term care insurance. However, if you 18:08 do, only 4% of people live in a nursing home longer than five 18:12 years. So you would only need the plan for about five years. 18:16 You see what I'm saying? Now once we have that I would 18:19 suggest to people to put the amount of money that you would 18:23 normally pay for long term care insurance, which is about $3000 18:28 a year for someone in their 50's, put that away in a safety 18:31 investment or put it on your home mortgage if you're still 18:35 paying on your mortgage to get that paid off. For example, my 18:40 home is paid off. If at age 85 I realize that I'm going to have 18:44 to go to a facility of some kind I can sell my house and have 18:48 plenty of money to pay for me during those five years. 18:50 See what I'm saying? So that's what I would recommend because 18:54 if I didn't need to go to a facility then I wouldn't have 18:57 needed the insurance and if I needed the insurance then I can 19:00 use the money that I've saved or the equity in my home to take 19:03 care of it. You see what I'm saying? 19:04 Yes I do. Now what about reverse mortgages? 19:07 Well that's an interesting question and I get that a lot in 19:10 in e-mails and people asking me about reverse mortgages. Reverse 19:14 mortgages are available to people who have a large equity 19:18 in their home. Could you explain, let's explain 19:20 what it is first. Okay, sure. A reverse mortgage 19:22 means that I'm needing the extra money and I don't have an income 19:27 source; maybe I'm disabled, or I can't work or whatever or I'm 19:32 just advanced in age. So what that would mean is that the bank 19:37 will actually do it the other way instead of me paying them 19:41 they're going to pay me so much a month. But what that actually 19:47 does is it decreases the equity in my home down to a certain 19:50 level. The problem is you can only get a reverse mortgage on a 19:53 portion of the equity you have in your house. In addition to 19:58 that, it is a very high closing cost and some states it's up to 20:03 10%. So let's just say that I have a $200,000 equity, well 20:07 there may be a huge amount when I get my loan to pay to begin 20:12 with so counselors are encouraging people to do other 20:15 things generally. For some people that may be their only 20:18 source of income. But remember once you start in on it and you 20:22 get the payments, then when you pass away or say you wanted to 20:26 sell your house and go some where else, it is subject to 20:29 that mortgage that reverse mortgage. It has to be paid off 20:32 and satisfied. You see what I'm saying? So there may not be much 20:35 left to pass on to your children but of course that doesn't mean 20:38 much if you're about to starve to death. So I would just think 20:40 it wouldn't be a general thing that most everybody would want 20:44 to do. But remember that there's a serious closing cost. That's 20:48 the thing that concerns me the most. 20:49 Okay. I know they are highly touting that in some circles. 20:53 Yes well the mortgage companies love them of course because they 20:55 are not making any more real estate and America's growing and 21:01 so on, so house values are going up and if they give you less 21:07 than full value on the reverse mortgage, they're never going 21:08 to lose. Sometimes I feel like what they 21:11 come up with actually is taking advantage of the consumer. 21:14 Well that is true and unfortunately it is true. 21:16 It's too bad but it is. 21:18 Okay, now here's a question: How do we plan so that we can 21:23 give it back to God when we die? 21:25 Well that's a very good question and I will try to give you the 21:29 answer from me. I'm going to say just to pull a number out of the 21:33 air, I think that it will probably take about $3000 a 21:37 month for me to be satisfied during me retirement time, but 21:41 I'm going to be debt free. You see what I'm saying? So from my 21:44 two income sources, and that would be Social Security and my 21:47 pension funds or whatever, let's just say that together I have 21:51 $2000. So that's going to leave me about $1000 a month short. 21:54 Now what's I'm telling you now is not just me idea. I'm going 21:58 to do it but I will just tell you it's the conventional 22:01 wisdom among financial planners and that is you should annuitize 22:06 the needs that you feel you'll have in retirement. So I'm 22:09 going to explain what that means. What it means is, let's 22:16 say you need $1000 more. Well you can buy an annuity or my 22:19 idea, a better one, would be to purchase a charitable gift 22:23 annuity which means you can give your favorite charity, maybe 22:28 It Is Written or 3ABN or Adventist World Radio or 22:30 whatever, a certain amount of money, let's just say $150,000. 22:35 If you're at your full retirement age it is very 22:38 likely you can get about $1000 a month guaranteed for the rest 22:41 of your life. Now remember you want to give it back to God when 22:43 you die and that's exactly what happens to a charitable gift 22:47 annuity. So with my pension and my Social Security and my 22:51 annuity, that means I'll have a guaranteed income of what my 22:55 needs will be for the rest of my whole life and when I die it 22:59 goes to God. Also it means I have other assets likely and 23:04 most people would. So in the meantime then I can use those 23:08 to return them to the Lord and I can build a church in India or 23:12 I can make a contribution to my favorite charity or help my 23:15 local church, do evangelism, whatever it might be with the 23:18 monies that are above what my needs are. But I would first 23:21 make sure that my normal family needs would be taken care of and 23:26 then I can be real generous beyond that. 23:28 Okay. In the few minutes that we have left here are two things 23:31 that are rumbling through my mind, if you'd like to address 23:36 them. #1 I'd like for our young audience to give them the 23:40 principle, I'm thinking of the rule of 72, why they want to 23:44 start saving now and the benefit of that, but also for those who 23:48 find themselves maybe 55 and over who have not prepared for 23:52 retirement, what they might do if they've still got a few 23:56 working years, how they could better prepare for retirement? 23:59 Okay, let's take them in order. For a young person, I would say 24:04 I would only put away in a 401K or something like that monies 24:08 that would be matched by my employer and not beyond the 24:12 match amount. Because you're focus as a young person is not 24:15 so much on retirement though you start that then and then over 24:19 the years you have the magic of compound interest to build that 24:23 up to be a much larger sum at the retirement time. The reason 24:26 I say only put up to the match is because you want to take 24:29 care of your student loans, the training of your children in 24:32 Christian schools, paying off your house and those kinds of 24:36 things because a similar goal on a similar track would be to 24:39 come to that point debt free. In fact, many people say today 24:43 that if you will concentrate on becoming debt free instead of 24:47 putting aside college tuition funds for tiny children, when 24:51 they get to college you'll have your house paid off and you'll 24:54 be debt free and the money you used to be paying on your house 24:57 you can put on their tuition and you'll be debt free and they'll 24:59 have their tuition paid. You see what I'm saying. Now if 25:02 you're an older person and you're thinking about it, 25:04 I always tell people, do the very best you can even if it's 25:07 downsizing to get into a position where you're debt free. 25:10 That's important. If you live in an area where it's real 25:13 expensive to live like I do, I'm not planning to retire in 25:16 Washington, D.C. I mean, it would be madness with the taxes 25:19 and the mortgages what they are. But the fact is, plan to down 25:22 size and move to a place where the cost of living is cheaper 25:26 and do the very best you can to maximize whatever returns that 25:30 you may have. Then another thing I didn't mention earlier is just 25:34 because you're at a certain age doesn't mean you're not valuable 25:37 in society. You cannot just volunteer your time but you can 25:40 work part time some place and enjoy your life. I mean even 25:44 some of the department stores you go to today you see senior 25:47 citizens there welcoming you and that kind of thing. So there 25:50 are additional income things that you could do. If you're 25:54 older I would just think in terms of starting to live within 25:57 your income very much more so than ever. Work toward being 26:00 debt free, because if you're debt free at the time many 26:03 people... well I told you this in the break but I will just 26:06 tell you that nearly 25% of Americans, their entire 26:10 retirement is Social Security. They didn't make plans 26:14 Nearly 25%, almost a fourth of Americans, that's all they live 26:17 on is retirement. They have to be debt free at that point. 26:20 There's no way they could buy a new home or take a cruise or 26:23 anything. It's just that real simple thing. Then in addition 26:29 to that, including that group, Social Security is 90% of their 26:33 income. So if you are having a significant contribution from 26:36 your retirement plan or your savings or properties that you 26:40 can sell off or whatever, you're going to be ahead of 40% of 26:44 the people. Ed, thank you so much for 26:45 coming in. I know we've just kind of touched on the surface 26:49 of this issue. But now is the retirement planning in your 26:51 book It's Your Money. Yes, there's a chapter in there 26:54 about that also. Chapter 11 I believe. 26:57 Thank you for coming. We've enjoyed being here. 26:59 Now if you would be interested in getting in touch with Ed Reid 27:03 or seeing about his book, It's Your Money, Isn't It? You can 27:07 go to the 3ABN website and we actually have a link there that 27:11 you can click there and go and get this wonderful resource 27:15 because, you know, we all want to be good stewards of God's 27:19 money and God does have biblical principles for managing money 27:23 and God does not want you to end up at the end of your age... how 27:27 can you still bring forth fruit in your old age if all you can 27:30 do is worry about where you're going to get your next meal. 27:35 So we want you to use wise planning for the future without 27:39 hoarding. And now may the grace of our Lord Jesus Christ, the 27:43 love of the Father and the fellowship of the Holy Spirit 27:45 be with you today and throughout every day 27:48 for the rest of your life. I pray that you have gotten a 27:52 blessing out of this program as I have. |
Revised 2014-12-17