Available Financial Planning and Health Benefits Resources Explained at 3L Academy

8/16/2017

By Jasmine Haynes, Web and Social Media Specialist, Mississippi Conference   

Rev. Dr. Susan Henry-Crowe
 Over two days, Mississippi Conference clergy and their spouses absorbed a multitude of information about the resources made available to them pertaining to financial planning, clergy compensation, how to navigate through the complexities of health benefits and stewardship at the 2017 3L Academy, hosted by the office of administry. Rev. Dr. Susan Henry-Crowe, general secretary of the General Board of Church and Society was the keynote speaker and begin the event focusing everyone's attention on how a commitment to stewardship is not only helpful on a personal level, but it also aides United Methodists in fulfilling their financial commitment to social principles.
 
"On average we are not a poor church-at best we're middle class," said Henry-Crowe. "The goal this quadrennium is to identify and connect with those doing ministry with people in poverty." 

The academy then transitioned from justice and stewardship to financial wellness, a term used to describe overall financial health, specifically how you manage your day-to-day finances and financial plans for the future. Ernest & Young (EY) financial planner, John Garrison (pictured left) pleaded with participants to learn to use the financial planning process to accomplish their goals, develop and implement a plan for retirement and know what steps to take next. Garrison shared that free webinars, a financial planning center, a financial wellness assessment and social media were just some of the tools available to attendees. To demonstrate the importance of financial forecasting for retirement, Garrison used an example of how seeing possible future money gaps when you look at what income you'll need to cover your expenses today, can save you from having unpleasant circumstances and conversations years from now.
 
"As you move closer towards retirement, you don't want to go home and tell your significant other, 'I'm going to be able to retire at 65, but you're not,' explained Garrison. "You can save more now, work longer or change your lifestyle, and I don't mean up-you don't want to run out of money before you die."