Is Insurance a Sin? Retirement and Inheritance

Is taking out insurance a sin, or just wise? Hope Mornings host Ben McEachen and accountant Pete Burrows tackle the questions they couldn’t get to on their recent livestream. Is retirement Biblical? What should someone renting do with a $150,000 inheritance a year out from retirement? Should a Sydneysider buy regional now or wait? Plus, join Ben and Pete live on Thursday 3 December for a Christmas special. You’ll hear why housing comes before investing, and why a windfall shouldn’t be spent on day one. Key Takeaways: * Insurance Isn't Distrust: Taking out insurance can be part of how God provides when something goes wrong, rather than a sign of weak faith. * Cover Protects Others Too: Insurance isn't only about you, because policies like car cover and CTP protect other people when accidents happen. * You Never Retire From Serving: Paid work may stop, but volunteering, cooking a meal or minding the grandkids are still acts of service. * Plan Retirement Years Ahead: Thinking five to ten years out about what you'll do, and who you'll do it with, shapes the retirement you end up with. * Housing Comes First: Before a windfall is invested, it helps to know where you'll live and what it costs, because rent can swallow a retirement income. * Regional Property Still Carries Risk: Buying in the regions before you move can lock in a price, but higher yields often come with higher vacancy risk and questions about services. Notable Quotes: "Every year you don't die or something doesn't flood or there's no fire insurance seems like a waste of money." — Pete Burrows "The insurance might be there as part of God's provision for looking after you once that accident or whatever occurs." — Ben McEachen "You definitely don't retire from loving God." — Ben McEachen "The people that are in your circle generally influence your behaviour and how your retirement ends up." — Pete Burrows "You can't live inside your ETF." — Pete Burrows Got a question, comment or personal story to share? Send it through at hopepodcasts.com.au. Ben and Pete will get stuck into it on a future episode. Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia. Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia. Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/ See omnystudio.com/listener for privacy information.