*Learn more about Grace House Ministries: So Grace House partners with the HR to give these girls a safe haven and a refuge.” “Every single girl that walks through our doors have been abandoned, neglected and abused, and they are in DHS custody. * How you can help Grace House Ministries through volunteering, mentoring, and more * The music program at Grace House, which serves both as an extracurricular activity and a therapeutic tool * Pamela's background and transition from aspiring lawyer to the Executive Director of Grace House * Two former Grace House girls who overcame challenging backgrounds and now play key roles in the organization * Some background on Grace House Ministries and how it has grown to 13 properties and serving 40 girls Tune in to learn more about the beautiful community Grace House has created and how you can volunteer and support these residents in foster care. Pamela is here to share more about Grace House’s powerful mission and mentoring programs, how their organization has grown the last 30 years, and a few powerful stories from the program. We are honored to be joined by Grace House’s Executive Director, Pamela Phipps, today. One of those organization is Grace House Ministries, a Christian residential campus for girls in foster care that have faced neglect, abandonment, and abuse. If you work with our team or have been a listener for some time now, you might know that we are proud to be involved with several incredible charitable organizations in and around Birmingham. Neither Freedom Financial Group nor AEWM are affiliated with Pamela Phipps or Grace House Ministries. *We can assist you on your journey to financial freedom: "Are you really retirement ready? That should be the question before we pull the trigger." * Assessing your retirement readiness + understanding risk exposure in your investment portfolio * Fiduciary standards in financial advising * Careful analysis and planning when considering pension options for retirement * The importance of timing when it comes to Social Security + avoiding short-sited decision making *Here’s some of what we discuss in this episode:* They then dive into a few financial terms that commonly go unexplained, shedding light on the fiduciary standard and what risk aversion really means. Tad and Toni kick off this episode by discussing the intricacies of Social Security and pension planning, highlighting the potential pitfalls of making short-sighted decisions in these areas. Is your advisor helping you navigate all of these decisions? From timing Social Security to assessing your retirement overall readiness, today’s episode will explore some commonly misunderstood, yet critical areas in the world of financial planning. It's just information.There is a lot more to retirement planning than just picking investments. “Knowledge without action behind it is not power. We can assist you on your journey to financial freedom: Longevity Risk: Living longer can amplify all the other risks, making it crucial to have a well-thought-out retirement plan that accounts for the possibility of a longer life.Tax Rate Risk: The tax landscape can change, and not being prepared can affect your retirement income significantly.Inflation Risk: Learn how inflation can erode your purchasing power over time, especially if you're relying on fixed-income sources like Social Security or pensions.Interest Rate Risk: Understand why rising interest rates can negatively impact bond prices and what you should consider if you hold bonds in your portfolio.Market Risk: The one everyone thinks about, but do you really know how much market risk you're exposed to? Discover how quantifying your market risk can make a world of difference in your retirement planning.Here’s some of what we discuss in this episode: If you're seeking financial confidence in retirement, this episode is a must listen! Tad and Toni share real-life examples of how a well-structured income plan can provide security, even in uncertain times. From tax rate risk to longevity risk, we’ll discuss some commonly overlooked factors that could impact your financial future if not properly prepared for.ĭiscover why simply being aware of these risks isn't enough – it's about taking action to protect your financial future. Welcome back to the Retire With Freedom podcast! Join us as we break down the different types of retirement risks in today’s episode and talk about how to address them effectively.
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