In this episode, A.B. Ridgeway breaks down the often-confusing term "financial advisor," explaining how it serves as an umbrella for various financial professionals. He explores the differences between financial planners, brokers, and Registered Investment Advisors (RIAs). Listeners will learn about the significance of professional credentials and the importance of selecting the right advisor for their unique financial needs.3 Key Takeaways"Financial Advisor" is a Broad Term:The title can refer to various professionals, such as stockbrokers, financial planners, and RIAs, each serving different purposes.Credentials Matter—but Research is Key:Not all designations hold equal value. Certifications like CFP (Certified Financial Planner) and CPWA (Certified Private Wealth Advisor) indicate higher standards, but it’s crucial to understand what each credential represents.Holistic Financial Planning Provides Greater Value:Unlike brokers who focus solely on investments, financial planners and RIAs take a comprehensive approach, covering everything from wealth transfer to retirement planning and tax strategies.3 Memorable Quotes“A financial advisor is like an umbrella term. A lot of people like to call themselves financial advisors, and that just may not be true.”A.B. Ridgeway highlights the importance of discernment when choosing a financial professional.“Just because someone has letters behind their name doesn’t mean that credential really means anything.”A reminder to look beyond titles and dig deeper into what those credentials actually entail.“The more money you have, the more strategies you need to implement—and you need someone to help you implement them.”Ridgeway emphasizes the value of strategic financial planning, especially for high-net-worth individuals.This episode offers valuable insights into understanding financial advisors' roles and helps listeners make informed decisions when seeking professional guidance. Whether you're managing debt, planning for retirement, or building wealth, knowing the right type of advisor to work with is essential.💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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: Charles Schwab

In this episode, A.B. Ridgeway dives deep into the truth behind cash back credit cards. While credit card rewards seem enticing, they may actually lead to hidden losses when fees outweigh the benefits. A.B. provides actionable advice on when to use credit cards versus debit cards, and how to avoid unnecessary costs for convenience.3 Key TakeawaysCash Back Isn't Free MoneyCash back is essentially a discount, not extra income. You could still be paying more through hidden processing fees.Processing Fees Eat into RewardsIf a purchase involves a 2.49% processing fee but only earns 1% cash back, you are losing 1.49% of your money.Use Credit Cards StrategicallyCredit cards offer fraud protection, but they shouldn’t be used for every purchase. Large or recurring payments are often better handled through a debit account to avoid fees.3 Memorable Quotes“Cash back is nothing but a fancy coupon—just paying a little less.”“Why pay a couple hundred extra dollars to get $150 back of your own money that you didn’t need to spend in the first place?”“We are paying for convenience—how much is that convenience worth to you?”Enjoyed this episode? Join our members-only section for exclusive content and more insights! Subscribe and click "Join" to become part of our growing community.💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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.

In this episode, A.B. Ridgeway dives into the lack of financial literacy education in the U.S. and its consequences. He reflects on how credit cards are introduced to students before they learn the basics of budgeting, saving, or understanding interest. A.B. explores practical steps to reverse this trend and empower listeners to become more financially literate through informed choices and better saving habits.3 Key TakeawaysLack of Early Financial Education is CostlyMost people enter adulthood without essential financial skills. This contributes to debt accumulation, with Americans now holding over $1 trillion in credit card debt.Inflation Erodes Purchasing PowerSavings accounts with low interest rates lose value over time when inflation rises faster. You must invest or seek better returns to avoid losing purchasing power.Financial Literacy Requires Continuous LearningFinancial knowledge isn't static. The ability to learn, unlearn, and relearn is essential for adapting to changing economic conditions and avoiding costly mistakes.3 Memorable Quotes“We were introduced to credit cards before we were introduced to savings accounts. And that is a scary thing.” – A.B. Ridgeway on the dangers of early exposure to debt without financial education.“Illiteracy is no longer the inability to read and write, but the inability to learn, unlearn, and relearn.” – A.B. Ridgeway on the importance of continuous education in personal finance.“You cannot save yourself from inflation.” – A reminder that saving alone won't protect against the loss of purchasing power due to inflation.Tune in to this episode to gain a deeper understanding of how financial literacy can empower you and future generations to make smarter financial decisions.💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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: VOX

In this episode of Financial Advisors Say The Darndest Things, A.B. Ridgeway breaks down the essential steps for deciding if hiring a financial advisor is the right move. He discusses key life changes—like having a baby, marriage, or retirement—when financial advice may be most beneficial.You'll learn about different types of advisors and when to hire one: proactively before a major decision or reactively after. A.B. also explains various payment structures, including hourly rates, flat fees, and assets under management (AUM), weighing the pros and cons of each. With practical insights, this episode will help you understand how to get the best value from your advisor and avoid costly mistakes.Whether you’re thinking about rolling over your 401k, planning for home improvements, or just want to strategize better for the future, this episode equips you with the tools and knowledge to confidently decide if and when to engage a financial advisor.Key TakeawaysTiming Matters: Hire Advisors ProactivelyIt’s better to hire a financial advisor before making big financial decisions (like buying a house or vehicle) to avoid costly mistakes and lock in better rates. Reactive help might not fix pre-existing issues.Flexible Fee Structures to Fit Your NeedsFinancial advisors offer various pricing models: hourly fees, flat fees, and asset-based fees (AUM). Each has pros and cons, so it’s essential to find the one that matches your situation and budget.Financial Advisors as Strategy ExpertsA good financial advisor can provide strategies beyond traditional savings, such as maximizing investments or minimizing tax liabilities through careful planning.Memorable Quotes"Having a financial advisor to guide you through different strategies is actually a good idea.""I think you should hire them before, because if you hire them after, everything is going to be reactive instead of proactive.""When your portfolio does well, your fees go up—but so does your wealth. You keep 99%, and your advisor gets 1-2%."💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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.Audio/Video Credits: Today Show

In this rare part two episode, A.B. Ridgeway revisits a compelling story about a customer’s struggle with removing an ex from a joint account, resulting in a large sum being withdrawn without authorization. Through the breakdown of the call, A.B. highlights important financial lessons and practical customer service strategies for managing joint accounts effectively.3 Key TakeawaysTiming Your Leverage in Negotiations:Mentioning how long you’ve been a customer can be useful—but it’s more effective when used later in the conversation, not at the start. Waiting allows you to use it as a bargaining tool when negotiations become more rigid.Keep Personal Records of Transactions:Always document interactions with banks, including who you spoke to, when, and the nature of the conversation. While banks keep notes on their side, having your own records provides an additional layer of protection.Joint Accounts Can Lead to Confusion if Not Managed Properly:Miscommunication about account ownership and permissions can lead to serious financial complications. Make sure all necessary paperwork is confirmed, especially when removing an authorized party from an account.3 Memorable Quotes from A.B. Ridgeway"Notes beat no notes."A reminder that thorough documentation helps protect consumers and institutions alike during disputes."Hold off on how long you've been a client—until they're unwilling to make any more adjustments."Wise advice on using your tenure as leverage during tough negotiations."The general public really doesn't know how joint accounts work."A candid observation on the importance of educating consumers about account management to avoid misunderstandings.Tune in to hear: A.B. Ridgeway’s expert take on managing joint accounts, avoiding negotiation pitfalls, and the value of clear communication with financial institutions. Stay informed to prevent similar situations in your financial journey!💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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: DLai

In this episode, A.B. Ridgeway challenges listeners to reflect on their financial priorities, specifically when it comes to building an emergency fund. Drawing from a report highlighting that one in four Americans have no emergency savings, A.B. discusses the common excuses people make for not saving and the mindset shifts necessary to prioritize financial security. He tackles the concepts of lifestyle creep, how inflation impacts saving, and the importance of setting financial goals to prepare for unexpected events. A.B. also emphasizes the importance of cutting back on unnecessary expenses to prioritize yourself and your family's well-being.Key Takeaways:Emergency Savings is Essential, Not Optional: One in four Americans don't have emergency savings, but having at least three to six months of living expenses saved is crucial for financial security.Lifestyle Creep is Real: As people earn more, their spending often increases, but maintaining a modest lifestyle while increasing savings can help combat this issue.Prioritize Yourself First: You can't help others financially if you're struggling yourself. Establish financial boundaries, save for your future, and only then consider discretionary spending.Notable Quotes:"You don't have emergency savings because you don't want to have emergency savings.""Set up a framework to say 'no' more now so you can have more 'yeses' later.""You need to prioritize your savings before you think about saving the world."💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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.

In this episode, A.B. Ridgeway tackles the ever-growing complexity of tipping in today's economy. As tipping expectations continue to rise, consumers are left wondering how much to tip, when to tip, and whether service fees really count as a tip. We explore the impact of tipping on both consumers and workers, as well as recent changes in wage laws that could shift the burden off the customer.Key Takeaways:Tipping Confusion: With so many service charges, delivery fees, and added costs, it’s difficult to know when to tip and how much. Many consumers mistakenly believe these fees include gratuity.Wage Laws Are Changing: Several cities like New York and Seattle have introduced laws raising the minimum wage for app-based delivery drivers, which could ease the burden of tipping on consumers.Is It Our Responsibility?: A.B. Ridgeway argues that tipping shouldn't be the consumer’s responsibility, especially when employers should be paying their workers a living wage. He emphasizes that tipping is becoming an unfair burden on customers.Top Quotes:"It’s not the consumer's responsibility to pay a fair wage to someone they just met five minutes ago.""I’m glad they are raising the minimum wage. Unfortunately, they should have done that before.""Jobs that are truly impactful, like helping someone save for retirement, don’t get tips—but we do the hard work."Tune in to hear how A.B. Ridgeway breaks down the confusing world of gratuity and explores ways to navigate this tipping fatigue.💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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.

In this episode, A.B. Ridgeway dives into the fascinating and unfortunate story of a woman who won a $9.8 million lawsuit and invested it all into a Golden Corral franchise, only to lose it all in just 52 days. Inspired by a clip from comedian Shuler King, A.B. dissects the financial decisions behind the scenes and offers his expert financial advisor perspective. What could she have done differently? And what lessons can we take from this bizarre scenario?Key Takeaways:Diversification is Key: Rather than putting all of your money into one venture, spreading your investments across various asset classes like real estate or stocks can provide financial security.Get Professional Advice: Consulting a financial advisor can help avoid impulsive decisions and ensure a strategic approach to managing large sums of money.Understand Financial Products: Not all investments are created equal. It's crucial to understand what financial products (like money markets and fixed annuities) can realistically offer in terms of returns.3 Quotes:"There ain’t no way in the hell you spend $9.8 million on a Golden Corral.""You mess around and win a lawsuit or get a lot of money, your safest bet is to invest in something solid, like rental property.""A financial advisor can’t guarantee 12%, but they can help you make better choices to grow your wealth over time."Subscribe to Financial Advisors Say The Darndest Things for more financial insights and visit A.B. Ridgeway on YouTube to watch the full breakdown of the lawsuit.💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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: Shuler King

In this eye-opening episode, A.B. Ridgeway takes us through the harrowing experience of a man whose ex-wife drained their joint account of nearly $100,000. We explore the dangers of joint accounts, the importance of confirming financial paperwork, and how to stay calm when faced with financial crises. A.B. also provides actionable advice on preventing this kind of disaster and dealing with customer service effectively.Key Takeaways:Joint Accounts Come with Risks: No matter who contributes the most, joint account holders have equal access to all the funds. Removing a person from the account doesn’t take effect until the paperwork is fully processed.Verify Paperwork with Financial Institutions: Never assume the process is complete until you receive written confirmation. Regularly follow up to ensure all actions are reflected on your account.Stay Calm with Customer Service: Emotions run high during financial crises, but keeping calm and strategic can help build bridges and resolve issues faster. Treat the customer service rep as an ally, not the enemy.Quotes:“When you have joint owners, regardless of who puts the money in, they have 100% access to every dollar.”“The person that you’re dealing with is not the person who actually did the transaction. You can burn a bridge or build one to someone who can help.”“Sit and relax… you want to maintain your mental capacity to fight what’s going forward.”Tune in for practical advice and insightful financial lessons!💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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: DLAITV

In this episode, host A.B. Ridgeway discusses a common misconception about retirement: the idea that if you haven't saved enough, you can simply work longer. Featuring insights from economist Teresa Ghilarducci, A.B. Ridgeway challenges this notion and breaks down the harsh realities that many retirees face when trying to extend their working years. From the uneven distribution of longevity gains to the fallacy that all Americans can continue working well into their older years, this episode tackles one of the most critical financial issues today.Key Takeaways:Working longer isn’t always an option: Many people assume they can just continue working if they haven't saved enough for retirement, but job loss, health issues, or caregiving responsibilities often prevent this.The wealthy live longer: Longevity gains are primarily enjoyed by wealthier individuals who have the resources to invest in their health, leaving the less wealthy with fewer options and more health-related retirement challenges.401k and savings systems need improvement: Although tools like the 401k have been available for decades, many Americans still don’t save enough for retirement. A bold reform in retirement savings plans may be necessary to secure future financial stability.Top 3 Quotes:"Not everybody is living longer. The longevity gains over the past 40 years have mainly gone to the wealthiest Americans.""Half the people who are retired say that they didn’t retire—they were retired. They were pushed out of their jobs due to layoffs, health issues, or caregiving responsibilities.""The 401k system just doesn’t cut it. After 40 years, only half of the workforce is participating in a 401k plan at any one point in time."Tune in to this episode for a deeper understanding of why working longer might not be the safety net many believe it to be, and how you can better prepare for retirement.💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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.

In this episode of Financial Advisors Say The Darndest Things, A.B. Ridgeway delves into a cautionary story about the complexities of life insurance policies. We examine the experience of a family who discovered that their loved one's life insurance policy wasn't what they thought it was. Listen in as we break down the details of decreasing death benefits, unexpected payout amounts, and how to protect yourself from falling into similar traps.Key Takeaways:Decreasing Death Benefits – Many life insurance policies reduce payouts as the policyholder ages, leaving families with far less than expected.Understanding Your Policy is Critical – It’s essential to know exactly how your life insurance policy works, from the premiums to the payout structure.Credit Card Payments Raise Red Flags – Paying life insurance premiums via credit card could signal financial strain and might be a sign of choosing the wrong type of policy.Memorable Quotes:“Insurance is meant to give people peace of mind that expenses will be taken care of after they pass, but not all life insurance policies are created equal.”“When I hear ‘decreasing death benefit’ and ‘credit card payment,’ my ears start bleeding as a financial advisor because I know this is going down a bad road.”“The majority of Americans don’t know how their policy works. So how can they tell their loved ones in truth? They can't.”Tune in to learn how to avoid these pitfalls and ensure that your life insurance policy truly protects your loved ones.💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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.audio/visual credit: NBC

In this episode, host A.B. Ridgeway dives into the rising trend of multi-generational living as an unexpected but beneficial solution to the financial challenges retirees are facing. With inflation and high living costs, many families are blending households, but is this a step backward or an opportunity to strengthen family bonds? A.B. discusses the importance of planning for retirement, the benefits of combining resources, and how unconventional solutions, like accessory dwelling units (ADUs), can enhance both financial and personal well-being.Key Takeaways:Financial Strain on Retirees: High inflation is making it difficult for many retirees to maintain their standard of living, causing some to move in with relatives.The Benefits of Multi-generational Living: Combining households not only reduces expenses but also offers emotional and practical benefits, such as shared childcare and closer family ties.Unorthodox Solutions Can Work: Accessory dwelling units (ADUs) and other shared living arrangements can be a practical, cost-saving approach without sacrificing independence.Memorable Quotes:"The goal is to retire and stay retired, but for many, that’s no longer the reality.""Why pay for two mortgages when you can take those assets and put it into one family?""Just because it's not the way it's traditionally done doesn’t mean it’s not a way to be done." If you're unsure about your retirement plan or want to explore innovative ways to prepare for the future, schedule a free 30-minute consultation with A.B. Ridgeway. The link is in the episode description.💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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.

In this episode of Financial Advisors Say The Darndest Things, host A.B. Ridgeway breaks down a complex financial decision faced by many: should you roll your traditional 401k into a Roth? A listener from Dallas, Texas, asks whether it makes sense to convert her traditional 401k, with a large tax bill looming over her decision. A.B. provides expert insights into both the benefits and the potential drawbacks of making such a move.Key Takeaways:Tax Implications: Rolling over a traditional 401k into a Roth triggers taxes immediately, which could amount to a significant bill depending on the total assets. In this case, it could be as high as $300,000.Long-Term Planning: If you expect a higher tax rate in the future, converting to a Roth 401k could save you on taxes when you withdraw the money in retirement. This may be advantageous if your income will be lower after you retire.Company-Specific Options: Not all companies offer the option to roll over a traditional 401k into a Roth. You may need to check with your HR department to confirm what options are available for Roth In-Plan Conversions.Quotes:"A Roth In-Plan Conversion allows you to elect to convert any or all of your pre-tax assets to Roth assets. This gives you the chance to build tax-free retirement income." – A.B. Ridgeway"If we put it into a Roth, we can get it tax-free after five years." – A.B. Ridgeway"Make sure you check your company benefits or maybe check in with your human resource department to see if that's even available." – A.B. RidgewayCatch this episode for a deep dive into the intricacies of Roth 401k conversions and how to weigh the financial pros and cons!💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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: Dave Ramsey Solutions

In this episode, A.B. Ridgeway discusses the rise of romance scams, including a particularly devastating case involving a retired healthcare executive, "Sue," who lost $2.5 million. A.B. breaks down the tactics scammers use, from emotional manipulation to financial exploitation, and offers insights on how to protect yourself from falling victim. Sue's story is a cautionary tale that underscores the psychological depth of these scams and the importance of recognizing red flags early.3 Key Takeaways:Romance Scams Target Vulnerabilities: Even intelligent and financially savvy individuals can fall prey to romance scams, as these scams prey on emotional needs and loneliness.Psychological Manipulation is Key: Scammers build trust over time by feigning love and affection, making victims feel they are in an intimate relationship, which makes them more susceptible to giving away personal and financial information.No One is Immune: Whether you are wealthy, educated, or experienced, anyone can become a victim of these scams. It's important to stay vigilant and question the authenticity of online relationships, especially when money is involved.3 Quotes:“They fatten you up with compliments and how wonderful you are right before they slaughter you and take all of your money.”“It’s not just dumb people getting scammed. Anybody can fall victim to this stuff.”“The reason they feel like somebody that you know is because you’re sharing your personal information. They’re using it to leverage more information out of you.”💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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 Sunday Morning

In today’s episode of Financial Advisors Say The Darndest Things, host A.B. Ridgeway breaks down why your credit card points may not be as valuable as they once were. With inflation driving prices up, the points you save may not stretch as far as they used to. Listen in as we explore inflation’s impact on your purchasing power and offer strategies for maximizing your rewards.Key Takeaways:Credit Card Points are Like Money: The points you earn from using credit cards are losing value as inflation rises. Just like your dollars, your points now buy less.Inflation’s Impact on Travel Rewards: Since 2019, the cost to redeem points for flights has skyrocketed. For example, a one-way flight from New York to London has doubled in point value—from 86,000 to 155,000.Strategies to Maximize Value: While inflation is unavoidable, you can still maximize your rewards by watching for big sign-up bonuses and being mindful of annual fees.Quotes:"As the price of goods goes up, the value of your dollar today goes down.""Think of those points and miles as money—they’re getting a little bit less now.""A dollar today is worth more than a dollar tomorrow, and that applies to your credit card points too."Tune in now to learn how to protect the value of your hard-earned points!💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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: Today

In this episode, A.B. Ridgeway dives into the story of a 75-year-old man who fell victim to a romance scam, losing his life savings of $150,000. His son shares the heartbreaking journey of trying to intervene and the psychological challenges his father faces. Despite numerous warnings, the man continued to believe in the scam due to the powerful grip of the "sunken cost fallacy." This episode sheds light on the dangers of financial scams, the emotional toll of loneliness, and how scammers prey on vulnerable individuals.Key Takeaways:Sunken Cost Fallacy: People often continue investing in bad decisions because they've already invested so much, hoping for a better outcome.Romance Scams Target Anyone: It's not just women; men, too, can fall prey to romance scams, especially when they feel lonely.Loneliness and Vulnerability: Scammers prey on feelings of loneliness, using manipulation and promises of love to deceive and exploit their victims.Quotes:"This man gave the money away, but he’s invested so much time into this romance, he wants it to pay off.""Loneliness is not a degree. Once you have that feeling, it’s hard to overcome.""Cryptocurrency is great, but once the money’s gone, it’s gone. There’s no way to trace it back."Tune in to learn more about how to protect yourself and your loved ones from financial scams!💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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 Morning

In this episode of Financial Advisors Say The Darndest Things, A.B. Ridgeway breaks down the concept of lifestyle creep and how it could be silently sabotaging your financial freedom. Even with a six-figure salary, many Americans find themselves living paycheck to paycheck. A.B. dives into the psychology behind why we spend more as we earn more, and how this behavior can impact long-term financial security. Listen in as we explore practical strategies to overcome lifestyle inflation and build a more secure financial future.Key Takeaways:Understanding Lifestyle Creep: Even high earners can fall into the trap of lifestyle creep—spending more as they make more—often resulting in financial stress and reduced savings for the future.Psychological Factors Behind Overspending: Many people tie their perceived self-worth to material possessions, feeling like they "deserve" more due to hard work, which can drive excessive spending.The Importance of Living Within Your Means: Rather than upgrading your lifestyle with every raise, A.B. advises staying mindful of your long-term goals, encouraging listeners to save more and spend wisely to reduce financial anxiety in retirement.Memorable Quotes:“More than half of Americans with an income of $100,000 or higher are still living paycheck to paycheck. This may be the result of lifestyle creep.”“We feel entitled to live a certain lifestyle because we work so hard, but does the person with a million-dollar lifestyle really need two pairs of everything?”“You’re only hurting yourself when you overspend. The person with the million-dollar lifestyle could be living a $500,000 lifestyle and saving the rest for future investments.”Tune in for actionable advice on how to avoid lifestyle creep and secure your financial future!💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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: CNBC

In this episode of Financial Advisors Say The Darndest Things, A.B. Ridgeway answers a question from Dominic in New Jersey, who asks, "How much should be my target for retirement?" Dominic is aiming for $3 million by age 62-67, but still worries that it might not be enough. A.B. breaks down how much you really need to retire, and whether those high retirement figures are realistic. He discusses 401k contributions, the importance of lifestyle in retirement planning, and how to balance aggressive versus conservative investment strategies.Key Takeaways:Retirement Targets Vary by Lifestyle: The amount you need for retirement depends largely on your lifestyle choices, including how much you plan to travel, give, and spend.Maximize Contributions Early: Maxing out your 401k and utilizing catch-up provisions after age 50 are key strategies for building a strong retirement nest egg.Contentment is Key: While financial targets are important, true contentment comes from learning to appreciate what you have, rather than always striving for more.Quotes:"The trick is to have a nest egg you can live off without touching the principal. Don't crack the egg or shoot the goose that's laying the golden eggs.""I've never met someone who says, 'I have too much,' but I have met people who can't find contentment because they're spiritually inept.""As Christians, we need to learn to be content with what we have—the food, water, shelter, and clothing that God has provided us."💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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: Dave Ramsey Solutions

In this episode of Financial Advisors Say The Darndest Things, host A.B. Ridgeway dives into the important changes coming to the Social Security Administration's online portal and what Social Security recipients need to do to stay informed. Whether you are nearing retirement, currently receiving benefits, or assisting a loved one with their finances, understanding these updates is crucial to safeguarding your financial future.Key Takeaways:Update Your Social Security Account: If you registered for a My SSA account before September 18, 2021, you must update your login credentials. New users need to register through either login.gov or ID.me.Plan Ahead for Retirement: Social Security may see benefit cuts by 2035, making it essential to prepare alternative sources of income. Don't rely solely on Social Security—be proactive with your financial planning.Break-Even Analysis: Determining when to take your Social Security benefits is key. Understand your break-even point to decide whether to take benefits early or delay them for a higher payout.Quotes:"Social Security shouldn’t be your golden parachute. We need to be proactive, not reactive, with our retirement planning." — A.B. Ridgeway"If you wait until 70, you're getting up to 8% extra per year. These are benefits that are indexed for inflation, making Social Security a valuable source of income." — Jill Schlesinger"We cannot rely on the government to save us. Start early, plan your retirement, and make informed decisions." — A.B. RidgewayFor more in-depth financial guidance, download A.B. Ridgeway’s Four Pillars to Christian Investing or book a free consultation through the link in the description.💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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 Morning

In this episode of Financial Advisors Say The Darndest Things, host A.B. Ridgeway breaks down a dramatic call on the Dave Ramsey Show. A caller explains how his girlfriend, appointed as a payee for his inheritance, allegedly stole $40,000. A.B. Ridgeway explores the financial and emotional fallout, sharing key insights on how to protect your assets, avoid falling victim to fraud, and make wiser financial decisions in relationships.Key Takeaways:Protect Your Finances: It’s crucial to maintain control over your financial accounts, especially when dealing with large sums of money like inheritances.Red Flags in Relationships: Trust is foundational in relationships, but financial dishonesty is a major warning sign. Don’t ignore financial red flags.Seek Legal and Professional Advice: If money is missing or mismanaged, seek professional guidance immediately to recover losses and secure your financial future.Memorable Quotes:"I have a low threshold for dating criminals and people who commit fraud against me." – George Kamel"You gain clarity with information—don’t rush to judgment before you know the full story." – A.B. Ridgeway"Why is she still your girlfriend after stealing $40,000? That would have been a dealbreaker for me." – Dave Ramsey💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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: Dave Ramsey Solutions

In today’s episode, A.B. Ridgeway tackles a topic that is crucial for financial stability: replenishing your emergency fund. Whether you’re single, married, or an entrepreneur, your emergency fund is your financial safety net when life throws the unexpected your way.Key Takeaways:Customizing Your Emergency Fund The standard advice is to save 3-6 months of living expenses, but your situation may require more. Families with dependents or entrepreneurs should consider saving up to 12-24 months of expenses to weather potential financial downturns.Cut Unnecessary Expenses Review your subscriptions and other automated payments. Many of us pay for services we no longer use. Cutting these out can free up funds to boost your savings without feeling a financial pinch.Budget Wisely Building an emergency fund starts with creating a realistic budget. Even small amounts can add up over time. Slowly chisel away at your savings goals by diverting funds from non-essential expenses.Quotes:“Like raindrops that suddenly start to fall, life can be full of surprises. An emergency fund is a financial umbrella ready to shield us from unexpected storms.” — Tamara Thomas“If you're truly going to prepare for the unexpected, you need to make sure you have the right amount of cash flow, not too much and not too little.” — A.B. Ridgeway“One of the best things you can do is print out your bank statement and see what services you're paying for but not using. You could free up money in your budget without sacrificing your lifestyle.” — A.B. RidgewayTune in to hear practical tips on how to build and maintain a robust emergency fund to safeguard your financial future!💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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: SchoolsFirstFCU

In this episode of Financial Advisors Say The Darndest Things, A.B. Ridgeway, your host and favorite Christian Financial Advisor, dives deep into some of the most pressing financial questions from our listeners. From navigating the differences between a home equity loan and a home equity line of credit, to choosing the right short-term investments for retirement, A.B. offers sound advice and practical insights. Whether you’re near retirement or just starting to invest, this episode has something for everyone.Key Takeaways:Short-Term vs. Long-Term Investments: Understanding the right investment for your time horizon is crucial. Short-term investments like CDs or money market accounts are ideal for those nearing retirement, while longer-term investments are better suited for those with time on their side.Home Equity Loan vs. Line of Credit: A home equity loan gives you a lump sum at a fixed rate, while a line of credit works like a credit card, allowing you to borrow against your home's equity as needed.Start Investing Early: For young professionals in their 20s, starting to invest in a 401k or other investment vehicles early can build long-term value, even if their employer doesn’t offer matching contributions.Notable Quotes:"The biggest mistake that investors make is putting long-term money in short-term vehicles and short-term money in long-term vehicles." – A.B. Ridgeway"When it comes to home equity loans, you get the money all at once, while a line of credit allows you to use it as needed, almost like a credit card." – A.B. Ridgeway"Make sure you're aware of your company's benefits. Many contribute to their 401k assuming there's a match, but 75% of companies don't offer one." – A.B. RidgewayDisclaimer: The information shared in this episode is for educational purposes only and should not be considered financial advice. For personalized guidance, please seek a certified financial advisor.💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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 Pittsburgh

In this episode of Financial Advisors Say The Darndest Things, A.B. Ridgeway shares a heartwarming yet insightful story of a Virginia father who gave his son a $1 million lottery ticket as a wedding gift. But amidst the celebration, A.B. explores the financial reality behind gambling, the lottery, and why smart money decisions—like consulting a financial advisor—are essential when large sums are at play. This episode offers a balanced perspective on risk, reward, and responsible financial planning.Key Takeaways:Lottery vs. Investment: While the lottery offers slim chances of winning, investing in diversified accounts provides a higher likelihood of success in the long term.Lump Sum vs. Annuity Payments: Choosing between a lump sum or annuity depends on financial habits. Lump sums work well when paired with sound financial advice, while annuity payments may benefit those prone to spending impulsively.The Value of Financial Guidance: Seeking help from a financial advisor, especially after a financial windfall, can set the foundation for long-term financial stability and success.Memorable Quotes:"Every dollar you contribute to the lottery contributes to someone else’s winnings. I prefer to invest in things that will make me money.""The odds are in your favor when you invest versus when you gamble or play the lottery.""If you're someone who can’t manage money, annuity payments can help you avoid spending everything at once."Additional Resources:Learn more about how financial advisors can help you make smarter money decisions by visiting ABRidgewayWealth.com.Interested in diversified investment strategies? Contact A.B. Ridgeway for personalized advice.💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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: Fox5

In this episode, A.B. Ridgeway, Christian financial advisor, unpacks the shocking story of a suburban woman who fell victim to the devastating "pig butchering" scam. Nearly $1 million of her life savings vanished as scammers preyed on her vulnerability. Learn about the signs of these scams, the tactics used, and the importance of staying vigilant when it comes to your investments. Protect yourself and your loved ones from becoming the next victim.Key Takeaways:Understanding Pig Butchering Scams: These scams involve building emotional connections with victims, enticing them to invest more, and then disappearing with their money. It's a form of romance scam with financial manipulation.Signs of Financial Fraud: Victims are often "fattened up" by scammers with flattery, promises of love, or lucrative returns on investments. Be cautious of anyone pressuring you to invest or send large sums of money quickly.The Importance of Discretion in Wealth: Wealth isn't about showing off, but about having the financial discretion to make choices without jeopardizing your livelihood. Even the most discreet investors can fall victim to fraud if they aren’t careful.Quotes:"Fraudsters are going to fatten up the victims by enticing them to put more money into an investment, and then they're going to slaughter them by walking away and stealing their money.""Being wealthy is not about the accumulation of things. It's really about having discretion, the ability to work or not to work when you want to, how you want to.""Next time you see someone online talking about investing and getting quick money, you may just be the pig they’re trying to fatten up."Subscribe to our YouTube channel, Financial Advisors Say The Darndest Things, for more insightful content that helps you protect your finances and live a more secure financial life. Stay safe, stay vigilant, and always double-check before making any major financial decisions!💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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: ABC7

In this sobering episode, A.B. Ridgeway discusses the tragic story of a solar panel salesman who signed a 25-year, $60,000 contract with a man suffering from stage 4 cancer. This heart-wrenching case serves as a powerful reminder of the importance of having a financial support system in place—particularly a power of attorney and executor—before tragedy strikes. Join A.B. as he dives into the moral implications of financial decisions and how we can protect our families from inheriting debts.3 Key Takeaways:Power of Attorney is Essential A strong financial plan should always include a power of attorney to prevent loved ones from inheriting unintended financial burdens, especially when the person is incapacitated.Beware of Predatory Sales Tactics It's vital to understand the moral implications of how money is made. Unscrupulous sales tactics targeting the elderly and ill can leave families drowning in debt.Verify and Protect Contracts Always ensure that family members have the proper legal documentation (such as a power of attorney) to manage financial matters and avoid signing contracts they don't fully understand or agree with.3 Memorable Quotes:“It's not about how much money you make; it's about how much money you keep, but most importantly, how you make that money.”“We are not our family's representative by birth... we must be appointed to that position by the courts, or we have to take that initiative.”“All money is not good money. Before you envy someone's wealth, make sure you know how they made it.”Tune in to learn how you can protect your family from financial predators and ensure that you leave behind a legacy, not debt.💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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 Texas

In this episode, A.B. Ridgeway shares the shocking story of a financial expert who lost his life savings in a scam. Despite helping others safeguard their finances, he became a victim himself, losing over $200,000 and now facing an additional $30,000 in taxes. This tragic tale highlights the importance of vigilance, no matter how knowledgeable you are. A.B. Ridgeway explores how these scams unfold and provides crucial advice on how to protect yourself and your loved ones from similar traps.Key Takeaways:No One is Immune to Scams: Even experts can fall victim to well-crafted schemes. Being vigilant and consulting with your trusted financial advisors can reduce your risk.Importance of Verifying Information: Always verify claims, especially when it comes to finances. Contact companies or authorities directly rather than relying on unsolicited calls or emails.Assembling a Financial Team is Crucial: Your financial advisor, accountant, lawyer, and others in your financial circle should be consulted before making any major decisions, especially when under pressure.Notable Quotes:"I don’t feel that I’m too smart to be scammed. I think we all need a humble pill to say it can happen to anyone.""They convinced him that he had done something illegal, and they had lots of proof. They told him they were federal law enforcement officers.""What do I always recommend? Go to your financial five—your financial advisor, accountant, lawyer, power of attorney, and executor. They will help you fight these scams."Tune in to learn how you can protect yourself from financial scams and avoid becoming another tragic statistic.💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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: ABC7

In this episode, A.B. Ridgeway discusses the future of Social Security and Medicare, emphasizing the challenges these programs face in the coming years. He provides a detailed breakdown of how potential cuts and insolvency could impact retirees by 2035 and why it’s essential for individuals to create their own financial plans. A.B. urges listeners not to rely solely on government programs for retirement and instead take personal responsibility for their financial future.3 Key Takeaways:Social Security Cuts Are Likely: By 2035, Social Security is projected to reduce benefits by 20-25%, meaning individuals will receive only around 77% of their expected payouts.Medicare Faces Similar Challenges: Medicare could become insolvent by 2036, raising concerns for those who rely heavily on this essential healthcare program.Plan for Your Own Financial Future: Don’t rely solely on Social Security for retirement. Start investing and saving now to create alternative sources of income that can support you in your later years.3 Memorable Quotes:"Social Security is not your golden parachute. We shouldn’t be depending on Social Security anyway.""The government is not going to do it for you. This is a social program for everybody, not just for you.""Retirement is do it yourself. You need to take responsibility for your financial future."💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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: CBN

In this episode of Financial Advisors Say The Darndest Things, A.B. Ridgeway discusses a heartbreaking story of a young couple who lost $775,000 in a wire fraud scam while purchasing their dream home. He shares critical advice on how to protect yourself during large financial transactions and the importance of having the right financial team to safeguard your assets.3 Key Takeaways:Verify All Wire Transfers Directly: Always confirm wire transfer details over the phone with your escrow agent to avoid email hacks that can lead to costly mistakes.Emotions Can Cloud Judgment: When emotionally invested in large transactions, it's easy to miss red flags. Having a financial advisor helps you make objective decisions.Invest in Professional Oversight: Whether it's a lawyer or financial advisor, spending money on expert help can prevent devastating financial losses, especially when large sums are involved.3 Quotes:"Red flags are very hard to see, especially when you're emotionally involved in a transaction.""You can make all the right decisions, but one financial mistake can destroy your financial circumstances.""The more money you have, the more you need people to look after that money because scammers are targeting those with significant assets."Listen to the full episode for more insights on protecting yourself from financial fraud!💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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: ABC10

In this eye-opening episode of Financial Advisors Say The Darndest Things, host A.B. Ridgeway dives into the rising epidemic of romance scams. This episode highlights the heartbreaking story of a Hilton Head woman who lost over $1 million to an online scammer. A.B. explores how scammers prey on emotional vulnerability, the tactics they use to build trust, and the devastating financial impact they leave behind. Don't miss the essential insights that can help you or someone you love avoid falling victim to these deceitful schemes.Key Takeaways:Romance scams are on the rise – In 2022 alone, more than $735 million was stolen from Americans through these schemes, with scammers exploiting emotional vulnerability over long periods of time.Scammers build trust gradually – They often spend months creating fake personas and elaborate backstories, gradually gaining their victims' trust before asking for large sums of money.No one is immune – Even financially savvy individuals can fall victim, particularly during emotionally vulnerable times, like after the loss of a loved one or a significant life event.Notable Quotes:“These scams are increasing year over year. They're not your normal scam that happens in a week or two weeks. It happens over months, six months, where people are gaining their trust.” – A.B. Ridgeway“She has thought this person was the love of her life so much that she imagined it, and it became her reality. No one could break it away from her.” – A.B. Ridgeway“The devil gets you at your weakest moments. I’m not saying she’s a bad person, I’m saying she got caught up at the wrong moment.” – A.B. RidgewayTune in to learn how to protect yourself and your loved ones from falling victim to romance scams!💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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: ABC22

In this episode of Financial Advisors Say The Darndest Things, host A.B. Ridgeway dives into the growing threat of scam texts from unknown numbers and how they can jeopardize your phone, data, and financial security. From fake "hello" messages to malware-filled photos, these scams are designed to lure you into a trap. Tune in to learn how to avoid falling victim and keep your personal information safe.Key Takeaways:Beware of Unknown Texts: Even a simple message like "Hi, how are you?" from an unknown number could lead to malware installation if you engage with it.Don't Download Unknown Images: Hackers often send photos loaded with malware that can track your keystrokes, steal passwords, and lead to identity theft.Take Precautions: Always delete suspicious messages, report them as junk, and install antivirus software on your phone to detect potential threats.Memorable Quotes:"Even a simple ‘hello’ text from an unknown number can be the start of a serious security breach.""Once you engage with the scammer, you've just validated that your number is active, making you a prime target for future attacks.""We spend so much time on our phones, but most of us don’t protect them with antivirus software like we do our computers."💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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: ABC7

In this episode, A.B. Ridgeway dives into a concerning statistic: nearly half of Gen Xers believe they’ll need a miracle to retire. With rising living costs and dwindling pensions, many are feeling unprepared for the future. A.B. breaks down the factors behind this financial crisis, explores how retirement planning has shifted over the years, and provides tips for how Gen Xers can take control of their financial future.3 Key Takeaways:Changing Retirement Landscape: Gen X is the first generation to rely primarily on 401k plans instead of pensions, leading to uncertainty and insufficient savings.Retirement is Do-It-Yourself: With the decline of employer-managed pensions and an unstable Social Security system, individuals must take full responsibility for their retirement planning.It's Not Too Late: Even if you're in your 50s, there is still time to contribute to your 401k and work with financial advisors to maximize your savings and retirement benefits.3 Quotes:"Retirement is do it yourself. You don't have to do it by yourself, but you are in control of saving for your retirement." – A.B. Ridgeway"The excuse that you didn't know or that no one told you is not true. But I do understand the fact that you didn't know if this was going to work or not." – A.B. Ridgeway"We can't depend on Social Security. We can't depend on Medicare. We can't depend on our job to give us a pension." – A.B. RidgewayTune in to this episode for practical advice and a deeper look at why retirement planning needs to be a priority for Generation X.💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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 morning

In this episode, A.B. Ridgeway discusses the concerning trend of more Americans withdrawing funds from their 401k and retirement accounts to cover day-to-day expenses and emergencies. Through real-life stories, A.B. highlights the financial risks of early withdrawals and emphasizes the importance of building a solid emergency fund and proper financial planning to avoid raiding retirement savings prematurely.Key Takeaways:Rising Hardship Withdrawals Increasing numbers of Americans are tapping into their 401k and retirement accounts to survive financial hardships. Inflation and economic pressures are pushing individuals to use their retirement savings as emergency funds.The Long-term Cost of Short-term Solutions Withdrawing from retirement accounts prematurely can lead to heavy penalties, taxes, and long-term financial consequences, leaving individuals unprepared for their future retirement needs.The Importance of Emergency Funds and Insurance Instead of relying on retirement savings for emergencies, individuals should focus on building emergency funds and considering insurance options like long-term care to handle unexpected expenses.Memorable Quotes:"Why are so many people using their 401k to fund their lifestyle? Is there a disconnect?" — A.B. Ridgeway highlights the growing concern of Americans relying on retirement savings for everyday expenses instead of financial planning."This is the mentality, ladies and gentlemen, that is making a majority of Americans go broke and not have retirement." — A.B. Ridgeway stresses the dangers of short-term decisions that jeopardize long-term financial stability."It's better to have it and not need it than to need it and not have it." — A.B. Ridgeway on the importance of preparing for medical emergencies with proper savings and insurance.💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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: PBS

In this insightful episode, A.B. Ridgeway dives into a discussion about the real reason people are broke, drawing inspiration from Jade Warshaw’s appearance on the Dave Ramsey Show. Jade shares her journey to paying off $460,000 of debt in eight years and debunks common financial myths, such as the notion that "money isn't a math problem." Together, we explore the emotional and psychological barriers that keep people in debt and why accountability and mindset are critical to achieving financial freedom.3 Key Takeaways:Mindset Over Math: While financial success requires understanding the math, mindset and behavior play a much larger role. Emotional barriers, not knowledge gaps, often keep people stuck in financial ruts.Accountability is Crucial: Taking responsibility for your financial decisions is key to breaking free from debt. If you signed the dotted line, it's up to you to pay back what you owe.Debt is More Than a Financial Problem: Jade emphasizes that financial problems often stem from deeper emotional and mental struggles. Until these issues are addressed, no amount of financial advice will stick.Notable Quotes:"When you realize the mess you've made, you have to start asking yourself real questions. It’s beyond the money." – A.B. Ridgeway"Money is a math problem, but if you know the math and are still broke, it’s because it’s more than just about money." – Jade Warshaw"When you're in debt, there’s this constant guilt. The other side of that is complete freedom." – Jade WarshawResources Mentioned:Jade Warshaw’s new book: Money's Not a Math Problem: The Real Reason You're Broke and What💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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: CBN

In this episode of Financial Advisors Say The Darndest Things, A.B. Ridgeway discusses practical strategies to lower car insurance costs, especially as rates continue to rise across the U.S. He dives into some overlooked tips like defensive driving courses and annual policy reviews that could save you hundreds of dollars each year.Key Takeaways:Review Your Policy Annually: Don’t stick with the same insurance company out of convenience. Shopping around for new quotes yearly can lead to significant savings.Take Defensive Driving Courses: Completing a course can save up to $233 annually on premiums, which compounds into substantial savings over the years.Negotiate Your Rate: If you find a better rate elsewhere, ask your current provider to match it. Many companies would rather offer a discount than lose you as a customer.Quotes:"Never be loyal to an insurance company. It’s imperative that you shop around because rates can be competitive.""It may not seem like much in one year, but think about it over 10 years. That’s a lot of money you get to keep in your pocket.""When you're shopping for insurance, you want to find somebody who won’t give you the hokey pokey and make you turn all the way around."💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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 Morning Show

In this episode, A.B. Ridgeway, a Certified Private Wealth Advisor®️ professional and host of Financial Advisors Say The Darndest Things, dives into debt management, one of the four pillars of Christian finance. He shares practical advice on how to navigate credit card debt, avoid financial quicksand, and improve your credit score to regain control of your financial future. With the help of expert advice and listener stories, A.B. discusses the importance of credit and how to take actionable steps to pay down debt and avoid high-interest traps.Key Takeaways:Understanding Financial Quicksand: Credit card debt, especially with high-interest rates like 23%, can feel like quicksand. It’s crucial to address this debt immediately to avoid sinking deeper.Improve Your Credit Score: Good credit is essential to taking advantage of better financial options, such as transferring balances or obtaining personal loans with lower interest rates. Focus on improving your credit score by making consistent, timely payments.Explore Multiple Financial Avenues: Don’t settle for a “no” from just one or two lenders. Broaden your search and negotiate with banks and credit card companies to find better options for paying off debt.Notable Quotes:“Credit card debt is financial quicksand. The more you struggle without a plan, the deeper you sink.”“When you're in debt, credit really does matter. It’s like telling the world you haven’t paid off the people you owe.”“The focus should be on paying down your debt to improve your credit, so you can access better financial tools and opportunities in the future.”💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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: The Today Show

In this sobering episode, A.B. Ridgeway shares the heart-wrenching story of an 84-year-old widow who was deceived into losing $98,000 to a sophisticated romance scam. As Valentine's Day approaches, it’s a timely reminder to remain vigilant about online love interests and protect your loved ones from becoming victims of financial and emotional exploitation. A.B. breaks down the key steps scammers use to manipulate their victims and how to safeguard against these traps.Key Takeaways:Understand the Scam Process: Scammers typically follow a three-step method: temptation, isolation, and violation. They lure victims with emotions like love, isolate them from trusted sources, and then exploit them financially.Vulnerability and Loneliness: Scammers often prey on the elderly, especially widows or those who feel isolated. It’s important to have trusted individuals to discuss financial decisions with, particularly in times of emotional vulnerability.Prevention is Key: Establishing a trusted "financial five" (advisor, accountant, lawyer, power of attorney, and executor) is crucial. These individuals can help protect you from making large financial transfers and falling victim to emotional scams.Memorable Quotes:"An ounce of prevention is worth a pound of cure. Protect yourself by having a trusted circle of people to discuss big decisions.""She had all the money, but what she wanted most was love. If you have love, you already have what people with money desire most.""At 84 years old, she was still vulnerable to the allure of passion and love. It’s a reminder that emotions can cloud our judgment at any age."💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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: ABC news

In this episode, A.B. Ridgeway discusses a common question: "Should I stop investing to get out of debt?" Using insights from personal experience and financial expert Dave Ramsey, the episode explores how to balance debt repayment and investing. Is it better to focus on one or both? Tune in to find out the best strategies to achieve financial freedom.3 Key Takeaways:Finding Balance Between Debt and Investing: It is possible to invest while paying off debt, but maintaining focus and consistency in both areas is difficult for many.The Importance of Financial Behavior: Financial success is often more about behavior than math. Staying committed to one primary goal at a time—whether debt repayment or investing—can yield better results.The Millionaire Mindset: Millionaires are typically those who consistently save, live below their means, and use their freed-up income to invest and grow wealth, often starting from nothing.3 Memorable Quotes:"It's not about timing the investment, it's about time in the investment." – A.B. Ridgeway"The psychology of this whole thing is more important than the math. You get the psychology right, the math ends up taking care of itself." – Dave Ramsey"Being a millionaire is more than just having something on paper—it's a lifestyle, a character. It's someone who you are." – A.B. Ridgeway💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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: Dave Ramsey Solutions

In this episode of Financial Advisors Say The Darndest Things, A.B. Ridgeway dives into the common dilemma of what to do with a 401k when you leave a job. With the help of a breakdown of advice from financial expert Dave Ramsey, A.B. Ridgeway explains the difference between direct and indirect rollovers, the importance of seeking professional advice, and how to avoid costly mistakes when transferring retirement funds.Key Takeaways:Understand Direct vs. Indirect Rollovers: A direct rollover transfers your 401k directly to a new retirement account without you handling the funds, avoiding taxes and penalties. An indirect rollover puts the money in your hands temporarily, with potential tax consequences if not managed properly.The Importance of a Financial Advisor with a "Heart of a Teacher": It's crucial to have an advisor who can break down complex financial topics in simple terms, guiding you step by step through decisions like rolling over your 401k.Beware of Tax Withholdings: If you receive a check directly from your 401k, 20% will automatically be withheld for taxes, which can lead to financial complications. Avoid this by opting for a direct transfer.Quotes:"You do not put money in things you do not understand. You've got to understand it.""Find an advisor who is a teacher. I'm not trying to brag, but literally I have a podcast where I teach you about different things like 401ks, Roth IRAs, and distribution strategies.""If you do a direct rollover, the whole $85,000 will go over there where you tell it to go—without any taxes withheld."Don’t make retirement mistakes that could cost you thousands. Reach out to a qualified financial advisor or connect with A.B. Ridgeway for personalized advice on managing your retirement accounts.💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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: Dave Ramsey Solutions

In this episode, A.B. Ridgeway tackles a critical yet often misunderstood financial decision—whether rolling over your 401k to an IRA is always the best move. While conventional wisdom suggests rolling over your retirement savings to gain more control and flexibility, recent studies reveal that this might not be the optimal choice for everyone. A.B. dissects the pros and cons, highlighting the role of fees, institutional advantages, and key differences in investment strategy post-retirement.Key Takeaways:Fees Matter – Although an IRA may provide more flexibility, retail accounts often charge higher fees than institutional 401k accounts. Rolling over could lead to higher costs, even for the same mutual funds.Investment Strategy Changes Post-Retirement – Once you leave your job, your investment goals and strategies will likely change, and you might not need the exact same funds you had in your 401k.Access to Funds – Rolling over to an IRA gives you more control and flexibility when it comes to accessing your funds, which can be crucial in emergencies or in cases where your former employer restricts withdrawals.Memorable Quotes:"Yes, the fees are a little bit higher, but how much higher are they really?" – A.B. Ridgeway highlights the importance of understanding fees when rolling over your 401k."When you leave your company, don’t leave your money there." – A.B. emphasizes the risks of leaving retirement funds with a former employer, particularly in the event of company issues."It’s not just about the fees—it’s about having the flexibility and knowing your money is in your hands." – A.B. discusses the added control and peace of mind that comes with rolling over to an IRA.For more insightful financial discussions, check out our retirement prep playlist and subscribe to stay updated with the latest episodes!Resources Mentioned:Pew Charitable Trust Study: Study discussing the potential downsides of rolling over 401k accounts.FINRA.org: A tool to research and compare fees associated with different investment accounts.💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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.

In this episode, A.B. Ridgeway reviews a popular video that attempts to explain IRAs in less than five minutes. He provides deeper insights into the intricacies of IRAs, comparing traditional and Roth IRAs, and highlighting key details that can affect your retirement savings strategy.Key Takeaways:IRA vs. Savings Accounts: IRAs offer a higher potential return through market investments, compared to the low interest rates of traditional savings accounts.Understanding IRA Returns: Returns on IRAs are not guaranteed annually; they fluctuate based on market performance, typically averaging 7-10% over decades.Tax Benefits and Penalties: Traditional IRAs provide tax deferral on contributions, while Roth IRAs offer tax-free withdrawals, but both come with early withdrawal penalties unless specific exceptions apply.Memorable Quotes:"It’s not about when you pay taxes—it’s about how much you pay." – A.B. Ridgeway"With an IRA, you can put that money into market-based investments such as stocks, bonds, and mutual funds." – A.B. Ridgeway"The key word here is tax deferred." – A.B. Ridgeway💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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: Strategic Wealth

In this episode of Financial Advisors Say The Darndest Things, host A.B. Ridgeway tackles a popular question: Is a 401k better than a pension? Drawing insights from financial expert Dave Ramsey, A.B. delves into the differences between 401k plans and pensions, highlighting the pros and cons of both. From control over investments to portability, A.B. emphasizes the importance of taking charge of your financial future.Key Takeaways:401k Plans Provide Control and Portability: Unlike pensions, 401k plans give you control over your investments and allow you to roll your funds into an IRA if you change jobs.Pensions Come with Risks: Pensions can leave workers vulnerable, as companies may cut or dissolve plans unexpectedly, leaving employees without their expected retirement benefits.You Are Responsible for Your Retirement: The 401k reflects a DIY approach to retirement savings, underscoring the need for personal responsibility and planning for long-term financial security.Memorable Quotes:“The 401k has made more millionaires than pensions ever did.” — Dave Ramsey“You are responsible for your retirement... It’s your responsibility to save for your future.” — A.B. Ridgeway“There’s only one person in charge of your success. He’s in your mirror.” — Dave RamseyResources Mentioned:Download the free eBook: 4 Pillars to Christian InvestingLearn more about IRA rollovers and 401k management at A.B. Ridgeway’s websiteTake control of your financial future by understanding the benefits of a 401k and ensuring your retirement plan is on track. Reach out to A.B. Ridgeway for personalized financial advice, or download the eBook today!💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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: Dave Ramsey

In this episode of Financial Advisors Say The Darndest Things, A.B. Ridgeway discusses the critical question, "How much do I need for retirement?" He explores the challenges that older Americans face in saving enough to live comfortably after they retire. With insights on how inflation, political shifts, and other financial pressures impact retirement savings, A.B. provides practical advice on how to navigate these uncertain times. Plus, find out why depending solely on social security is a risky bet, and discover how to plan ahead with the "Financial Five" team to secure a brighter future.Key Takeaways:Retirement savings are falling short for most Americans: The national average needed for a comfortable retirement is $967,000, but most retirees only have about $144,000 in their accounts.Social Security isn’t enough: With the average payout around $20,000 a year, relying solely on Social Security will not cover basic living expenses, especially with rising costs of essentials like food and gas.Plan early with the right team: Building a "Financial Five" team—financial advisor, accountant, lawyer, insurance agent, and estate planner—can strengthen your retirement plan and protect your savings from unforeseen challenges.Notable Quotes:"Retirement shimmers like a shiny but unaffordable object for millions of older households.""Social security is not your golden parachute. You’re not going to live the life you want on $20,000 a year.""The financial five are like fingers—separated, they’re easy to break, but together, they’re strong enough to protect your future."Resources:Download the free eBook: 4 Pillars to Christian Investing, a 19-page guide to mastering account types, debt management, savings, investing, and wealth transfer.Schedule a free consultation with A.B. Ridgeway through the links in the description.Stay tuned and take control of your financial future today!💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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: Rights to original poster

In this eye-opening episode of Financial Advisors Say The Darndest Things, host A.B. Ridgeway unpacks the heart-wrenching story of William and Ave Bortz, a retired couple who lost nearly $700,000 to a sophisticated online scam. From a fake Amazon email to relentless calls from scammers, A.B. explains how this scam unfolded and the important lessons we can learn to safeguard our finances. He also delves into the accountability banks should bear and how individuals must take proactive steps in financial protection.Key Takeaways:Vigilance Against Scams: Always validate suspicious emails or calls before sharing sensitive information or giving access to your devices. Scammers often prey on the vulnerable.Personal Accountability: While banks and financial institutions are custodians of your money, it's essential to take personal responsibility for protecting your finances by consulting trusted advisors.Importance of a Support System: Scammers target individuals who are isolated. Having a solid financial network, including advisors and family members, can help prevent such fraud.Quotes:"You trust banks to deposit the money, but you can’t trust them to protect you from every scam out there.""Once you’ve let the scammer in, it’s like letting a thief into your home. Prevention starts with you.""We can't depend on pensions, banks, or even Social Security. We have to build our own financial fortress."Tune in to learn how to protect yourself from falling victim to online scams and take proactive steps in safeguarding your financial future.💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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: ABC

In this episode, A.B. Ridgeway delves into the heart-wrenching story of a 76-year-old man who lost his entire savings—nearly $800,000—after falling victim to a sophisticated scam. From living comfortably to homelessness, this episode explores the dangers of financial scams and the essential steps we can take to protect ourselves from financial ruin. Learn how to safeguard your assets, avoid common mistakes with 401k rollovers, and why building your "Financial Five" team is crucial for your financial security.Key Takeaways:Financial Scams Can Happen to Anyone Even after a lifetime of hard work, one mistake can wipe out an entire fortune. Scammers target the vulnerable, but no one is immune—be vigilant and cautious, especially with sudden large sums of money.Importance of Your Financial Team ("Financial Five") Having a trusted financial advisor, accountant, lawyer, power of attorney, and executor can prevent disastrous financial decisions. Always consult your team before making any large financial moves.Avoiding Tax Pitfalls on 401k Withdrawals Rolling over a 401k into a savings account can lead to severe tax penalties. Learn the right strategies to avoid costly mistakes that could drain your retirement savings.Quotes:"One mistake can wipe out a life savings." A.B. Ridgeway underscores the gravity of making the wrong financial decisions, whether it’s falling for a scam or mishandling your 401k."Houses are everything. House is life." This powerful statement from the victim highlights the emotional and financial significance of homeownership, especially in times of uncertainty."You need your financial five... those are the people you should trust, not the scammers you met five minutes ago on a phone call." A.B. Ridgeway emphasizes the importance of building a strong financial support system to help navigate complex financial decisions.For more tips and expert advice, be sure to check out A.B. Ridgeway's Four Pillars to Christian Finance and schedule a free consultation today!💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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.#retirement #401 #work #scam #news

In this heartfelt episode, A.B. Ridgeway discusses the challenging realities many Americans face when it comes to retirement. Drawing on the story of Tom Coomer, an 80-year-old Walmart greeter, Ridgeway dives deep into the importance of retirement planning and how failing to prepare can leave individuals working well into their golden years. Tom's story is a sobering reminder of the consequences of not planning ahead.Key Takeaways:Retirement is Out of Reach for Many: Millions of Americans, like Tom, are finding themselves working past the age of 65. This trend has increased since the 1980s, with more than 10 million people over 65 still in the workforce.The Consequences of Not Planning: Tom’s story highlights the importance of early and aggressive retirement planning. Despite working for nearly 30 years, he lost his retirement due to his company’s closure. His regrets over not planning harder when he was younger serve as a cautionary tale.The Unseen Costs of Retirement: Financial struggles in retirement aren’t just about income. Medical emergencies, like Tom’s wife’s heart blockages, add unexpected burdens. Proper planning must also include considerations for healthcare and other unforeseen expenses.Notable Quotes:"If I had planned harder when I was younger, I wouldn’t be going to work this morning. I’d be going fishing or hunting.""We cannot trust businesses or anybody else to protect us. We have to invest ourselves, or we're going to risk working into our old age.""You can have the security of a job for 30 years, but when they want to get rid of you, whether through firing or the company shuts down, that’s all that’s going to happen."💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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.

In this episode of Financial Advisors Say The Darndest Things, A.B. Ridgeway discusses "Peak 65," the influx of Americans turning 65 in 2024, and how this milestone impacts retirement planning. With more than 11,000 people reaching retirement age daily, it's crucial to prepare emotionally and financially. Ridgeway also touches on the importance of making informed decisions about 401ks, Medicare enrollment, and maintaining purpose after retirement.3 Key Takeaways:The Peak 65 Phenomenon: In 2024, over 4 million Americans will turn 65, marking the largest wave of retirees in history. This presents a critical moment for those approaching retirement to evaluate their financial and emotional preparedness.Navigating Retirement Finances: Decisions regarding 401k rollovers and Medicare enrollment are vital. Understanding the tax implications and benefits of rolling over 401k funds into an IRA can save retirees significant amounts in taxes, while enrolling in Medicare on time helps avoid penalties.Emotional Preparation is Key: Retirement isn't just a financial transition; it's an emotional one too. As people retire from long careers, they may face identity shifts. Planning for meaningful post-retirement activities is essential for maintaining purpose and mental well-being.3 Memorable Quotes:“Are you going to roll over your 401k into an individual retirement account, or leave it where it is? These decisions will shape your financial future.” – A.B. Ridgeway“Your identity is kind of stripped from you when you retire. Some of you have been working 15, 20, 30 years… What do you do after you’re no longer a doctor, an engineer?” – A.B. Ridgeway“Social Security will be around for today’s young people, but it will probably pay out less. So, it's even more important to start saving early.” – Elizabeth O’Brien💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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.

In this episode of Financial Advisors Say The Darndest Things, A.B. Ridgeway breaks down the financial quicksand that is credit card debt and shares strategies to regain control of your financial future. With interest rates climbing to as high as 23%, getting out of credit card debt seems harder than ever. But with the right approach, such as leveraging personal loans, improving credit scores, and negotiating with creditors, you can begin to make real progress.Here’s how to approach it:3 Key Takeaways:Use a Personal Loan to Escape High-Interest Debt Credit cards can carry overwhelming interest rates, but personal loans often offer much lower rates. Use the loan to pay off your credit cards, then focus on chipping away at the loan itself. This can help avoid paying upwards of 23% in interest fees.Good Credit is Your Golden Ticket Whether it’s getting a personal loan, refinancing debt, or negotiating better interest rates, good credit is the foundation. Focus on improving your credit score before making any major financial moves, as it significantly impacts your financial opportunities.Always Negotiate for Better Terms One of the best-kept secrets in personal finance is the power of negotiation. Don’t hesitate to call your credit card company and ask for a lower interest rate. Studies show that this works over 76% of the time—simply asking can save you thousands in interest over time.3 Powerful Quotes:"Who wants to pay 23% interest? Nobody." — A.B. Ridgeway This highlights the crippling effect high-interest rates can have on your financial freedom."Credit is like telling the world, you have not paid off the people you owe." — A.B. Ridgeway This vivid analogy underscores how crucial your credit score is in the financial world."It is very dishonest to take money from someone and refuse to pay them back, whether it's your student loan, credit card, or anything else." — A.B. Ridgeway A reminder that integrity in finance means honoring your commitments and paying off debts.This episode emphasizes the importance of taking proactive steps to manage debt, protect your credit, and negotiate better financial terms. It’s not just about paying off debt but building a strategy that protects your financial future.💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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: Today

In this episode, A.B. Ridgeway dives deep into the concerning statistics surrounding older Americans and their lack of retirement preparation. Alongside CBS News Money Watch Associate Managing Editor Amy Piki, A.B. highlights the reasons behind this unpreparedness and offers practical advice on how individuals can take charge of their retirement planning, even if they are late to start.3 Key Takeaways:A Significant Number of Older Americans Lack Retirement Accounts According to the episode, 27% of individuals aged 59 and older do not have any form of retirement account, making it difficult for them to achieve financial security in their later years.Social Security Isn't a Retirement Plan The episode stresses that Social Security benefits are projected to be reduced to 77 cents on the dollar by 2035. Relying solely on Social Security for retirement can lead to financial struggles, emphasizing the need for personal savings.It's Never Too Late: Catch-Up Contributions Those aged 50 and older can take advantage of catch-up contributions, allowing them to save more in tax-deferred retirement accounts. A.B. explains that this is a great way to build a retirement cushion, even if you're starting late.3 Quotes:"The idea that people don't even have these accounts is startling because you can't start something you don't even have.""Saving for retirement is do-it-yourself. You have to develop your own plan, create your own individual retirement account, and contribute to your own 401k.""No one is going to save you. If you depend on the government or Social Security alone, you might find yourself financially unprepared in retirement."If you haven’t started saving for retirement, it’s time to take action. Whether it’s setting up an IRA or increasing your 401k contributions, your future self will thank you. For more personalized guidance, reach out to a trusted financial advisor like A.B. Ridgeway.💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!https://calendly.com/abridgewaywm/consultation📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting🏠 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.