A recent study discovered that over 1/2 of pastors over the age of 50 had less than $50,000 in their retirement fund and no expectation they would ever retire. On today's episode of The Glass House, Ben and Lynley dive into a topic that no pastor likes talking about: finances!
Dr. Hance Dilbeck from GuideStone joins in this conversation and shares alarming research and statistics on pastoral compensation and the emotional impact it can have on a pastor and their family, yet encouraging advice on how churches of all sizes can navigate financial hurdles and also support their pastor! Dr. Hance has served as the executive director-treasurer of Oklahoma Baptists since 2018. Prior to that, he had served as a pastor in Oklahoma churches for 30 years, 15 of which were at the Quail Springs Baptist Church in Oklahoma City. During that time, the church tripled in size even as it took part in planting 32 churches. Dr. Dilbeck holds his undergraduate degree from Oklahoma Baptist University and both his Master of Divinity and Doctor of Ministry degrees from Southwestern Baptist Theological Seminary. He and his wife Julie have three married sons and eight grandchildren.
In this episode we'll tackle the importance of pastors' financial security, retirement planning, and highlight the common mistakes churches make in compensation. To all the pastors listening, Dr. Hance has advice on how to advocate for yourself and work with the church to address your families need.
We know this can be a challenging conversation, yet a necessary one to have! Thanks for listening and sharing this to a friend!
SHOW LINKS:
-GuideStone
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