We can’t live a life of expectation, and not accompany it with deliberate discipline and planning. Unfortunately, a lack of discipline and planning has placed many baby boomers into an unfortunate financial challenge.

As more and more boomers enter into retirement years, jobs should be opening up for the next generation entering the work force. The problem is, many boomers are not exiting the work force because they are financially unable. Thus, one of two things are happening. First, boomers are staying in their current positions as long as possible; or two, they are being pushed out, and are being forced to take multiple part time jobs around their community.

The facts are, 77% of baby boomers do not believe their savings will last through retirement or that they adequately prepared for it; and, 40% reported not having any retirement savings1.

Is continuing to work well into your 60s or 70s a bad thing? Not necessarily. However, maybe we get confused by what the word retirement means. We often think that when we reach a certain age, we must quit our job and take up golf, woodworking or some other hobby; but possibly this is not a proper picture of what retirement needs to be (although it certainly can be). Isn’t retirement better expressed as forward planning that will allow you to be financially prepared, should God call you to serve elsewhere (paid or unpaid)? I personally would love to see more mentoring to the younger generations.

Now, before computers came along, the opportunities to learn about money were limited. We had to locate a financial planner who had the necessary schooling to help us; or find a family member or friend that could mentor us. Either that or we had to read books, magazines, newspapers, or some other form of media, in order to gain the understanding and knowledge we needed.

Today there are more information and tools available to us than ever. We can still obtain the knowledge just as we did before, but now many of the tools are more quickly obtainable. Probably the biggest challenge today is to not become overwhelmed by the volume of information available.

So how do you filter through all this financial information that seems to constantly have contradictory advice? One, seemingly qualified source, says the economy is growing and to invest in “x” investment, while another, seemingly equally qualified source, says the economy has peaked and to invest in more conservative “y” investment. Unfortunately, that answer is not always easy to obtain, since no one knows for sure. The best advice may be to find a few trusted and proven sources and review your financial situation on a regular basis.

As long as we are living on this earth, God has work for us to do. Let us be good stewards of our finances so that we can serve Him with the expectations with which He has called us, until the day comes when we are called home.


12017 Insured Retirement Institute survey