• The "Method" Behind the Madness, Part I

  • Dec 20 2024
  • Length: 47 mins
  • Podcast

The "Method" Behind the Madness, Part I

  • Summary

  • The financial industry pushes a conventional narrative that retiring at 65 is the ultimate goal, perpetuating a 20th-century model of wealth building that fails to serve modern realities. After working with hundreds of clients, we've learned there's a fundamental problem with traditional retirement planning - it's built on unpredictable assumptions about taxes, inflation, and market performance.


    In today's episode, we dive deep into why the standard retirement planning model is broken and why we need to rethink our entire approach to building wealth. We explore how the current system encourages us to defer use of our capital while saving in accounts we can't access for decades. Through real examples and historical context, we discuss why focusing on generational wealth transfer may be a better approach than traditional retirement planning.


    We challenge the basic assumptions of retirement planning, examining why the concept of retirement itself needs to be reimagined, and how Biblical principles of wealth creation and legacy can guide us toward a more sustainable future. Our conversation reveals why creating value throughout life might be better than planning for inactivity.


    The False Promise of Retirement Age: The concept of retiring at 65 is a modern construct with no historical or Biblical basis. Social Security has created artificial incentives around retirement timing, while Required Minimum Distributions (RMDs) force retirees to spend down their wealth rather than preserve it.


    The Unpredictable Future Problem: Traditional financial planning requires making multiple assumptions about an unpredictable future. Tax rates, inflation, market performance, and lifespan are all variables that can dramatically impact planning. The standard model assumes you'll spend less in retirement, which is not an assumption that can be responsibly made.


    The Inflation Reality Challenge: In 1988, $20,000 bought a nice car and $90,000 bought a decent house. Today those numbers have multiplied several times over. Future costs are likely to increase exponentially, not linearly, making traditional planning models obsolete.


    Biblical Wealth Building: Focus should be on building sustainable wealth that can be passed down, following the biblical principle of leaving an inheritance to children's children. Creating value throughout life, rather than planning for inactivity, aligns with biblical commands of dominion and multiplication.


    ▶️ Chapters

    00:00 Introduction & Current Events

    02:00 The Problem with Traditional Financial Planning

    05:00 Questioning Retirement Age Assumptions

    15:00 The Reality of Asset Price Inflation

    25:00 Biblical Perspective on Wealth & Legacy

    35:00 Tax Implications & RMDs

    40:00 Historical Context of Inflation

    45:00 Closing


    Got Questions? Reach out to us at info@remnantfinance.com


    ⁠Visit https://remnantfinance.com for more information


    FOLLOW REMNANT FINANCE

    Youtube: @RemnantFinance (https://www.youtube.com/@RemnantFinance)

    Facebook: @remnantfinance (https://www.facebook.com/profile?id=61560694316588)

    Twitter: @remnantfinance (https://x.com/remnantfinance)

    TikTok: @RemnantFinance

    Don't forget to hit LIKE and SUBSCRIBE

    Show More Show Less
activate_Holiday_promo_in_buybox_DT_T2

What listeners say about The "Method" Behind the Madness, Part I

Average customer ratings

Reviews - Please select the tabs below to change the source of reviews.