Summary

In this episode of the Humans vs Retirement podcast, I interview Bill Bengen, the pioneer of the 4% safe withdrawal strategy, who shares insights from his extensive research on retirement income strategies.

Bill discusses the evolution of the 4% safe withdrawal rate, revealing that the worst-case scenario may now be closer to 5%. He emphasises the importance of diversification, glider path investing, and rebalancing in enhancing withdrawal rates.

The conversation also delves into the risks of inflation and the significance of understanding personal inflation rates in retirement planning.

Bill concludes with thoughts on the current market environment and the future of retirement planning.

Takeaways

• Bill Bengen's research has evolved the 4% rule to a 5% worst-case scenario.
• Only one out of 400 retirees in Bengen's database faced the 5% withdrawal rate.
• Diversification across multiple asset classes is crucial for sustainable withdrawals.
• Glider path investing can significantly enhance retirement income.
• Rebalancing portfolios regularly is essential to avoid overexposure to equities.
• Sequence of inflation risk poses a significant threat to retirees.
• Personal inflation rates often exceed government-reported figures.
• Retirement spending tends to decrease in real terms over time.
• Many retirees fear running out of money more than death itself.
• Current market conditions are unique and require careful planning.

Sound Bites

"The 4% rule has evolved to a 5% worst case."
"Only one out of 400 retirees hit the 5% mark."
"Diversification is key to higher withdrawal rates."

Chapters

00:00 - Introduction to Bill Bengen and His Research
04:52 - The Evolution of the 4% Withdrawal Rule
10:05 - New Insights: The 5% Withdrawal Rate
14:49 - Strategies for Sustainable Withdrawals
20:07 - Understanding Inflation Risks in Retirement
25:09 - The Importance of Personal Inflation Rates
29:59 - The Future of Retirement Planning
34:58 - Conclusion and Future Directions

Summary

In today's episode I'm thrilled to get to have conversation with the author of the brilliant book Creating Your Encore Career, Dr Michelle Prince 

Michelle is a global leadership coach, HR technology advisor, human capital consultant and author. A certified leadership coach since 2006 with a doctorate in management and organizational leadership, she helps professionals and organizations achieve transformational growth. 

Michelle has over 30 years of corporate HR experience and now runs her consulting firm, MPrince Consulting LLC. An advocate for sustainability and empowering people to thrive, she wrote the book Creating Your Encore Career in 2024 to inspire others to craft their own fulfilling Encore Careers. 

Join us as Michelle and I discuss the concept of an encore career, which is a meaningful and purposeful career in the third act of life. 

Michelle shares her personal journey of transitioning from a corporate HR role to becoming a global leadership coach and senior career coach and explains that many people approaching retirement age feel uncertain about what they want to do next and may not know how to navigate job searching in today's technology-driven world. 

She wrote her book, 'Creating Your Encore Career,' as a step-by-step guide to help individuals in this stage of life explore their options, find fulfilment and transition into purpose driven work in their later years. 

We explore the importance of a self-reflection process to identifying passions, values and interests which means that people should redefine their retirement to align with increased lifespans and evolving aspirations. 

We also talk about the value of building a professional network and creating a personal brand to showcase expertise and attract new opportunities as well as exploring options like the gig economy, volunteering, entrepreneurship, or continued education 

Our conversation also highlights the benefits of growth, curiosity, and exploration in an encore career, as well as the importance of financial planning and managing healthcare and insurance costs. 

Takeaways

• An encore career is a meaningful and purposeful career in the third act of life, providing individuals with an opportunity to continue contributing and finding fulfillment.
• Many people approaching retirement age feel uncertain about what they want to do next and may not know how to navigate job searching in today's technology-driven world.
• Financial security is an important consideration when transitioning to an encore career, but it is not the primary driver. The focus is on finding work that aligns with personal values and provides flexibility and fulfillment.
• People in their 50s and beyond have accumulated knowledge, wisdom, and experience that make them valuable contributors in the workforce. It is never too late or too early to start planning for an encore career.
• Self-reflection is key to identifying passions, values, strengths, and desired work environments. Having open conversations with family members about expectations and boundaries can also help in designing an encore career. Self-reflection and identifying passions and interests are crucial in transitioning into an encore career.
• Expanding knowledge and skills through education and certifications can help overcome imposter syndrome and enhance credibility.
• Building a professional network and creating a personal brand are essential for attracting opportunities and showcasing expertise.
• Growth, curiosity, and exploration are key elements of an encore career, promoting wellbeing and preventing cognitive decline.
• Financial planning and managing healthcare and insurance costs are important considerations in an encore career.

Sound Bites

"An encore career is a meaningful and purposeful career in the third act of life."
"Many people who are approaching retirement age feel uncertain about what they want to do next."
"Financial security is important, but it is not the primary driver of an encore career."
"You can create and design your own scenario"
"It's important that you communicate"
"Reflecting on your passions...what truly excites you"

Chapters

00:00 Introduction and Personal Journey
05:16 Redefining Retirement and the Encore Career Movement
09:24 Challenges of Traditional Retirement Options
13:24 Increased Lifespans and Evolving Aspirations
18:38 Retirement Insecurity and Financial Considerations
24:13 The Value of Wisdom and Knowledge in the Third Act
26:21 Identifying Passions, Values, and Strengths
28:11 Transitioning into an Encore Career: Reflection and Passion
30:08 Building a Professional Network and Personal Brand for an Encore Career
36:07 Embracing Growth, Curiosity, and Exploration in an Encore Career
52:47 Financial Planning and Healthcare Considerations in an Encore Career

Links

• Michelle's book Creating Your Encore Career 

Summary

Derek Hagen is the founder of Money Health Solutions®️, a financial therapy and life planning firm. Money Health Solutions helps clients live intentionally and mindfully, using money as a tool to support their ideal life. He facilitates financial health by helping clients understand their own money psychology, lowering financial stress, and increasing confidence in financial decisions. Derek also started Meaningful Money Memo, a newsletter about the psychology of money and living a meaningful life, using personal stories and simple drawings to help demystify money for readers.

He shares his journey from being a Chartered Financial Analyst and a focus on numbers to then having the big realisation that money is a tool not a goal which lead to focusing on the interior side of money and helping people find purpose and significance.

In this conversation, we discuss the importance of mindset and intention when it comes to retirement planning. Derek emphasizes the need to have a purpose and a value statement to guide financial decisions and prioritize experiences over accumulating wealth. We also discuss the significance of time and the finite nature of life, encouraging people to be present and intentional in their retirement years. Importantly Derek highlights the importance of creativity and designing a life that aligns with personal values and priorities. 

Takeaways

• Money is a tool, not a goal, and should be used to create a meaningful retirement.
• Diversification of meaning in retirement is crucial to avoid relying on a single source of purpose and significance.
• Planning for life beyond retirement is essential and often overlooked.
• Retirement is not a finish line, but a new phase of life that requires structure and purpose.
• Having a purpose and value statement is crucial for guiding financial decisions in retirement.
• Being present and intentional with time is important, as life is finite and experiences have a limited number of opportunities.
• Retirement planning should focus on designing a life that aligns with personal values and priorities.
• Creativity and a designer mindset are essential for planning and living a fulfilling retirement.
• Systems, rather than goals, allow for flexibility and adaptability in navigating life transitions and unexpected events.

Sound Bites

"Money is a tool, not a goal."
"Diversification of meaning in retirement is crucial."
"Retirement is not a finish line."
"You know, that reality check in and, ⁓ and I think unless you can work with someone that can bring this out of you, or you can naturally bring this out of you, you end up reverting back to the mean, don't you?"
"Yeah, absolutely. And that's the thing with habits. If we get into our ⁓ habits, we get into what we're familiar with. And this is a pretty big, retirement's a pretty big life transition."
"The retirement that I think the 50 to 60 year olds have witnessed in their parents and their grandparents is and was materially different to the retirement that they're entering into."

Chapters

00:00 Introduction and Background
09:21 Money as a Tool, Not a Goal
15:57 Money's Role in Retirement
26:11 The Importance of Planning for Life Beyond Retirement
29:19 Retirement: Not a Finish Line, but a New Phase of Life
31:20 The Importance of Purpose and Value in Retirement Planning
32:03 Being Present and Intentional with Time in Retirement
33:42 Designing a Life that Aligns with Personal Values
38:45 The Role of Creativity in Retirement Planning
52:32 Systems vs Goals: Focusing on Inputs and Intentions

Links

Meaningful Money

Summary

Today's conversation is a first for my podcast in that I welcome back a previous guest! 

And I couldn't think of having my first repeat guest as anyone better that the brilliant George Kinder!  

George was previously on the show in episode 20 where we discussed Life planning and how to light the retirement torch. For those that don't know, George is widely regarded as the father of Financial Life planning and a global leading voice in this field. 

Today's conversation centres around Goerges new book The Three Domains of Freedom which explores the different aspects of freedom and how the relate to a fulfilling life.  

The three domains we discuss are: The freedom of each moment, The freedom to pursue one's life and the freedom within civilisation. 

During our conversation George emphasises the importance of mindfulness and being preset in each moment to experience true freedom. He also discusses the significance of having a passionate purpose and taking control of your life.  

George and I also discuss the the concept of freedom and its various dimensions. We talk about freedom of thought, freedom of time and the importance of celebrating achievements, no matter how small! 

We also touch on the state of society and the need for unity and trust and at the end George shares his proposal for a legislative solution to create a more trustworthy and humane civilisation. 

Takeaways

• Mindfulness and being present in each moment is key to experiencing true freedom.
• Having a passionate purpose and taking control of one's life leads to a sense of fulfillment.
• Shortening timeframes and taking action can create a sense of energy and accomplishment.
• Working with a skilled life planner can help uncover hidden desires and goals. Freedom encompasses more than just physical freedom; it includes freedom of thought and freedom of time.
• Celebrating achievements, no matter how small, is important for a fulfilling life.
• Society is currently fragmented and polarized, but there is a solution: unity and trust.
• George Kinder proposes a legislative solution that requires institutions to have a fiduciary obligation to truth, democracy, the planet, and humanity.
• Creating a trustworthy civilization starts with individuals and businesses adopting a fiduciary standard.

Sound Bites

"There were three domains.""Mindfulness is really about the mastery of the present moment."
"Feeling that I have a passionate purpose that I am moving toward or living in."
"It doesn't mean that it's freedom just to go and sit on the couch or lay on the..."
"When I talk to a lot of people that I've worked with, they actually talk about freedom of thought a lot."
"Celebrating achievements, you know, no matter how small they are, I think is really critical to a fulfilling life."

Chapters

00:00 Introduction and Overview
02:55 The Three Domains of Freedom
05:52 The Freedom of Each Moment
11:52 Finding Your Passionate Purpose
17:59 Shortening Timeframes for Action and Energy
26:21 Exploring the Dimensions of Freedom
28:30 Unity and Trust in a Fragmented Society
44:03 A Legislative Solution for a Trustworthy Civilization

Links

• George's new book The Three Domains of Freedom
• My YouTube Channel

Summary

Eric is the founder and CEO of BFG Financial Advisors a large financial planning business in Baltimore, USA that specialises in retirement planning.

As well a writing his book Eric hosts a podcast by the same name and id a regular contributor to forbes.com and Sunday morning TV in Baltimore

In this conversation Eric and I discuss the concept of retirement as a graduation and the need to redefine retirement as an opportunity for growth and exploration. Eric highlights the significance of having an abundance mindset and being open to reinventing oneself in retirement. 

Eric shares the three secrets to the happiest retirees: being debt-free, taking care of your health, and having a sense of purpose.

Takeaways

• Retirement should be seen as a graduation and an opportunity for growth and exploration.
• Financial independence is key to a fulfilling retirement, and it is important to plan for it early in life.
• Having an abundance mindset and being open to reinvention can lead to a more fulfilling retirement.
• Financial literacy is crucial in achieving financial independence and making informed decisions.
• The fear of running out of money in retirement can be alleviated by working with a financial advisor and having a well-thought-out plan.
• The three secrets of the happiest retirees include embracing a second childhood, cultivating wisdom and mindset, and finding purpose and identity in retirement. Being debt-free or adverse debt-free is important in retirement to reduce anxiety and ensure a peaceful retirement.
• Taking care of your health is crucial, as it is easier to stay healthy than to get healthy.
  Having a sense of purpose gives retirees a reason to get out of bed every morning and brings fulfilment to their lives.
• Retirees should plan and have intention in their retirement to ensure a smooth transition and make the most of their time.

Chapters

00:00 Introduction and Background
06:03 Redefining Retirement as a Graduation
09:25 Embracing a Second Childhood
14:10 Compounding Mindset and Wisdom
19:25 Finding Purpose and Identity in Retirement
23:21 The Emotional and Psychological Challenges of Retirement
28:20 The Importance of Financial Literacy
35:25 The Fear of Running Out of Money in Retirement
37:47 Achieving Financial Independence without Being Good with Money
42:56 The Three Secrets of the Happiest Retirees
43:05 The Three Secrets to the Happiest Retirees
44:05 Taking Care of Your Health
45:01 Having a Sense of Purpose
46:44 Debt and Financial Freedom
48:29 The Importance of Good Health
49:26 The Value of Purpose in Retirement
50:23 The Inflation Rate for Retirees
52:13 Planning and Intention in Retirement
53:10 Finding a Sense of Purpose in Retirement
54:08 What Financial Freedom Looks Like

Episode Links & Resource

• Buy Eric's book Don't Retire… Graduate!
• Listen to Eric's Podcast
• Connect with Eric on LinkedIn
• WealthGPS – Lifestyle Financial Planning by TFP
• Download My FREE Retirement Toolkit
• Subscribe to my Super Sunday Retirement Roundup Newsletter

Summary

In this episode, Ed Coambs, a financial planner, and therapist, discusses the challenges couples face in managing money and planning for retirement. He shares his personal journey from being a firefighter to becoming a financial planner and therapist. Ed emphasizes the importance of understanding one's own relationship with money and how it impacts relationships. He introduces the concept of financial intimacy and explains how it can help couples navigate the complexities of retirement planning. Ed also highlights the role of attachment theory in understanding couples' dynamics around money.

In this conversation, Ed and I discuss the challenges couples face when transitioning from work to retirement and how financial therapy can help. He emphasises the importance of creating a safe space for vulnerability and open communication. He also explores the influence of childhood experiences on money management and the challenge of spending money in retirement. Our conversation highlights the need for balance in money management and the role of financial therapy in helping couples live a happy and fulfilling retirement.

Takeaways

• Understanding one's own relationship with money is crucial for successful financial planning and healthy relationships.
• Couples often have different expectations and visions for retirement, which can lead to conflicts and challenges.
• Financial intimacy, where both partners are actively involved in financial decision-making and have open and honest conversations about money, is essential for a harmonious retirement.
• Attachment theory can provide insights into individuals' behaviours and attitudes towards money and relationships. Couples often struggle to transition from work to retirement and may find it difficult to let go and enjoy the fruits of their labour.
• Creating a safe space for vulnerability and open communication is crucial for couples to navigate retirement successfully.
• Childhood experiences play a significant role in shaping individuals' attitudes and behaviours towards money.
• Spending money in retirement can be a psychological challenge, and finding a balance between spending and saving is essential.
• Financial therapy can help couples address their money-related issues and create a healthy and fulfilling retirement.

Chapters

00:00 Introduction and Background

06:15 The Journey to Financial Therapy

10:35 The Healthy Love and Money Way

23:34 The Importance of Financial Intimacy

28:00 The Struggle to Transition from Work to Retirement

32:38 Creating a Safe Space for Vulnerability

35:12 The Influence of Childhood Experiences on Money

38:18 The Challenge of Spending Money in Retirement

44:07 The Importance of Balance in Money Management

51:08 The Role of Financial Therapy in Retirement

Episode Links & Resources

• Go see Ed's Website
• Buy Ed's book The Healthy Love and Money Way
• Listen to Ed's Healthy Love and Money Podcast
• Check out Ed's Online Courses for Couples
• Connect with Ed on LinkedIn
• Connect with Ed on X
• WealthGPS – Lifestyle Financial Planning by TFP
• Download My FREE Retirement Toolkit
• Subscribe to my Super Sunday Retirement Roundup Newsletter

Summary

Have you ever herd of 'the sandwich generation'? Are you part of it? And if so, what challenges does it bring to your retirement?

Well. In this episode I get to have a conversation with a guy that has literally wrote the book on the subject!

Mark Bineham is one of Australia's top keynote speakers on retirement and the award-winning author of 'The Money Sandwich".

Mark's goal has always been to help people live their very best life through positive mindset, promoting well-being and simply achieving financial freedom that much sooner, because in his words "we all deserve that, don't we?.

In 2019, a turning point occurred in his life when he underwent open-heart surgery. Prompting a re-evaluation of his 30-year career as a financial advisor, including four years as the national president of the Association of Financial Advisers. While he always loved helping his own clients reach their goals and aspirations, he realised most people just couldn't afford help or advice, and that had to change.

That's when he decided to pour all the knowledge he gained over his career into a book, which he proudly titled The Money Sandwich and subsequently setting up a family business with his Daughter Katherine by the same name which enables him to take this message out to the wider world through presentations, workshops and courses.

In this thought-provoking conversation Mark and I discuss the challenges faced by the sandwich generation, who are responsible for supporting both their adult children and aging parents. Mark emphasizes the importance of having conversations about retirement and estate planning with your elderly parents and adult children. He also introduces the concept of the 'third act' as a more positive and fulfilling way to approach retirement and highlights the need for mindset shifts and an understanding of the emotional aspects of money in order to achieve happiness in retirement.

Our conversation explores changing attitudes towards work and retirement, the negative connotations of money, the impact of financial stress on productivity and health, the importance of talking about money, the value that financial planning professionals add at this stage of life, and what financial freedom looks and feels like.

Takeaways

• The sandwich generation faces the challenge of supporting both adult children and aging parents.
• Having conversations about retirement and estate planning with elderly parents is crucial to avoid future conflicts.
• The 'third act' is a more positive and fulfilling way to approach retirement.
• Understanding the emotional aspects of money is essential for achieving happiness in retirement. Younger generations are redefining work-life balance and are more focused on enjoying life.
• Financial stress is a major cause of anxiety, arguments, and relationship breakdowns.
• Financial stress negatively affects productivity in the workplace.
• Talking about money and seeking professional help can alleviate financial stress.
• Financial planning professionals can provide guidance and support in managing money and achieving financial freedom.

Chapters

00:00 Introduction and Background

05:25 Unleashing Your Third Act

08:34 The Money Sandwich and the Sandwich Generation

14:30 Challenges of Supporting Adult Children

22:35 Challenges of Supporting Aging Parents

29:24 Reframing Retirement as the Third Act

38:44 Money Shifts for Happiness

45:31 Changing Attitudes Towards Work and Retirement

47:00 The Negative Connotations of Money

48:31 Financial Stress and its Impact on Productivity and Health

49:30 The Importance of Talking About Money

50:52 The Need for Financial Planning Professionals

53:51 What Financial Freedom Looks Like

Episode Links & Resources

• Get Marc's brilliant book The Money Sandwich
• Listen to The Money Sandwich Podcast
• Visit The Money Sandwich website
• Connect with Marc on LinkedIn
• Connect with Marc on X
• WealthGPS – Lifestyle Financial Planning by TFP
• Download My FREE Retirement Toolkit
• Subscribe to my Super Sunday Retirement Roundup Newsletter

Summary

Christine is director of personal finance and retirement planning for Morningstar, Inc. In that role, she focuses on retirement and portfolio planning for individual investors. She also co-hosts a podcast for Morningstar, The Long View, which features in-depth interviews with thought leaders in investing and personal finance. and I was honoured to be asked to be a guest on last year (link in the show notes). She is a prolific writer and her published Morningstar articles are must reads for anyone interested in retirement planning. 

In this episode, Christine and I cover a lot of ground! We discuss various aspects of retirement planning, including blind spots, sequence risk, inflation, the bucketing approach to income management, the importance of continuing to work, and lessons for a happy and successful retirement. Christine emphasizes the need to consider both financial and non-financial aspects of retirement and to make choices that align with personal happiness and purpose and also highlights the value of working with a financial planner to navigate the complexities of retirement planning.

Takeaways

• Retirement planning should consider both financial and non-financial aspects, such as happiness, purpose, and social connections.
• Blind spots in retirement planning include sequence risk, inflation, and unexpected spending shocks.
• A bucketing approach to retirement income can help manage sequence risk and ensure liquidity for short-term needs.
• Continuing to work in retirement can provide financial security, social connections, and a sense of purpose.
• Spending in line with personal happiness and avoiding regrets are key considerations in retirement planning.
• Working with a financial planner can help navigate the complexities of retirement planning and ensure a successful retirement. Retirement planning is crucial for financial security in later years.
• Common mistakes in retirement planning include underestimating expenses and not starting early enough.
• Financial advisors can provide valuable guidance and expertise in retirement planning.
• Behavioural biases can negatively impact retirement planning decisions.
• Seeking outside help, such as financial advisors or experts, can help identify blind spots and provide a fresh perspective.

Chapters

00:00 Introduction and Background

07:15 The Blind Spots of Retirement

13:38 Mitigating Sequence Risk and Inflation

17:47 Bucketing Approach to Retirement Income

25:26 The Importance of Continuing to Work in Retirement

35:37 Lessons for a Happy, Successful, and Wealthy Retirement

38:20 Spending to Optimize Happiness

40:26 Living Life with No Regrets

48:15 The Value of Working with a Financial Planner

10:32 Common Retirement Planning Mistakes

23:45 The Role of Financial Advisors in Retirement Planning

34:56 The Impact of Behavioral Biases on Retirement Planning

43:21 The Value of Seeking Outside Help

51:09 Blind Spots and the Importance of Outside Perspective

Episode Links & Resources

• Pre-order Christine's book How to Retire: 20 Lessons For A Happy, Successful & Wealthy Retirement
• Read all of Christine's brilliant stuff on retirement and investing
• Subscribe to her podcast The Long View
• Listen to my appearance on The Long View Podcast
• Connect with Christine on LinkedIn
• Connect with Christine on X
• WealthGPS – Lifestyle Financial Planning by TFP
• Download My FREE Retirement Toolkit
• Subscribe to my Super Sunday Retirement Roundup Newsletter

Summary

Paul is the founder of Inspiring Advisers, a lifestyle financial planning training programme and Life Centred Planners, a fast-growing global community of advisers from around the world who believe that it is time to put the client and not their money at the centre of their plans. Paul is also the author of the brilliant book Enough?: How much money do you need for the rest of your life. A book that we give out to for free and has had such an impact on many of our clients. 

Paul began life as a financial planner back in 1982 and in 1990 he was one of the very first to see the light and start the movement of what is now known as lifestyle financial planning, focusing on the human and not their money. As well as helping and inspiring many financial advisers across the globe, Pauls overarching mission is to educate and change the lives of people by showing them the REAL benefits of how lifestyle financial planning can help them live their best life.

In this episode, Paul and I talk about his wake-up call, when his mother passed away suddenly, leading him to realize that life is not a rehearsal. He shifted his focus to lifestyle financial planning, putting life at the centre of financial plans. Paul emphasizes the importance of understanding how much is enough and helping clients live a great life now. He also discusses the three types of people when it comes to retirement planning: not enough, got too much, and just right.

Paul discusses the importance of redefining retirement as financial independence and freedom ant that true financial independence means having the choice to work or start a business because you want to, not because you have to. Paul encourages everyone to pursue new opportunities and passions during this retirement with the idea of leaving behind memories and experiences, rather than just money.

Takeaways

• Life is not a rehearsal, and it's important to live a great life now.
• Financial planning should revolve around a client's life and desired lifestyle, not just financial products.
• Understanding how much is enough is crucial for financial planning.
• Many people worry about money when they will be financially okay.
• The financial services industry often focuses on fear and insecurity, but real financial planning should provide peace of mind and freedom. Financial independence means having the freedom to choose whether to work or not.
• Redefine work and find purpose in retirement by pursuing new opportunities and passions.
• Focus on leaving memories and experiences, not just accumulating wealth.
• Craft a lifestyle financial planning message that emphasizes the connection between life and money.

Chapters

00:00 Introduction and Impact of the Book

01:27 Paul's Journey and Frustration with the Financial Services Industry

04:22 The Wake-Up Call: Paul's Mom's Death

06:45 Realizing Life is Not a Rehearsal

09:05 The Concept of Time and Aging

11:27 The Shift to Lifestyle Financial Planning

13:48 The Book 'Enough' and Putting Life at the Center of Financial Plans

19:33 Retirement and Understanding the Concept of Time

21:51 The Three Types of People: Not Enough, Got Too Much, Just Right

47:28 Financial Independence and Freedom

48:23 Redefining Work and Purpose

49:13 Exploring New Opportunities in Retirement

50:08 Leaving Memories and Experiences, Not Just Money

51:30 Crafting a Lifestyle Financial Planning Message

53:02 Understanding What You Want and Don't Want

54:29 Maintaining Your Current Lifestyle

55:00 Planning for Your Future

55:30 Spreading the Message of Financial Planning

Episode Links & Resources

• Download for FREE a copy of Paul's book Enough?
• Connect with Paul on LinkedIn
• Connect with Paul on X
• WealthGPS – Lifestyle Financial Planning by TFP
• Download My FREE Retirement Toolkit
• Subscribe to my Super Sunday Retirement Roundup Newsletter

Summary

Jonathan Clements is the founder and editor of Humble Dollar and brilliant free blog site that is dedicated to providing articles, guides and resources from some of the greatest thinkers in the world of finance. The goal of Humble Dollar is to tell you everything you need to know about money – all in one place without the hype and hollow promises that characterises so much financial writing.

Jonathan was born and educated in England before moving to the states and prior to semi-retiring and launching humble dollar in 2014, Jonathan spent almost 20 years as The Wall Street Journal's personal finance columnist and six years at Citi group where he was director of financial education for the banks US wealth management arm. He is also the author of 9 personal finance books.

In this episode, Jonathan and I discusses the challenges and risks in retirement, both from a financial and human standpoint. He focuses on the need to have sense of purpose and identity in retirement, which he believes can be overcome by continuing to work in some fashion. Jonathan also explores the concept of embracing a second childhood, allowing for childlike curiosity and exploration. He emphasises the importance of experimenting in early retirement to discover what truly makes one happy. Jonathan also discusses his work with Humble Dollar and the ventures that provide him with a sense of purpose.

Takeaways

• Longevity risk is a significant financial challenge in retirement, and individuals should consider guaranteed income options such as annuities.
• Investing in the stock market can help retirees combat inflation and grow their wealth over time.
• Working in retirement provides not only financial benefits but also a sense of purpose, identity, and social interaction.
• Retirees should focus on their own financial goals and avoid comparing themselves to others.
• Retirement can be a time of exploration and curiosity, allowing individuals to embrace a second childhood and pursue new interests and passions. Transitioning to retirement can be a unique experience depending on one's life circumstances.
• Early retirement is a period of experimentation to find activities that bring fulfilment.
• Financial stability and a sense of purpose are key factors in enjoying retirement.

Chapters

00:00 Introduction and Background

04:05 Financial Challenges and Risks in Retirement

11:02 Investing in Retirement

21:28 The Importance of Working in Retirement

28:36 Generating Income in Retirement

38:02 The Importance of Identity and Purpose in Retirement

45:45 Avoiding Comparisons in Retirement

48:12 Embracing a Second Childhood in Retirement

48:30 Transitioning to Retirement

49:23 Experimenting in Early Retirement

50:35 Finding Fulfilment in Retirement

52:03 Humble Dollar and Jonathan's Work

53:16 Closing Remarks

Episode Links & Resources

• Humble Dollar
• Jonathan's book My Money Journey: How 30 people found financial freedom – and you can too
• Jonathan's book From Here to Financial Happiness: Enrich Your Life In Just 77 Days
• Connect with Jonathan on LinkedIn
• Connect with Jonathan on X
• WealthGPS – Lifestyle Financial Planning by TFP
• Download My FREE Retirement Toolkit
• Subscribe to my Super Sunday Retirement Roundup Newsletter

Summary

In this episode of The Humans vs Retirement Podcast, I sit down with Jack Chellman, Chief Project Officer of the Global Returns Project a UK charity that is on a mission to create systemic change to fund the highest impact climate charities and make giving toward climate change as easy and accessible as possible.

Jack and I discuss how charitable giving could and maybe should form part of every retirement plan. Jack also dispels many myths about giving and explains how the Global Returns Project makes charitable giving easy and transparent by selecting high-impact climate charities and providing rigorous monitoring and reporting. The portfolio of charities includes organizations that protect rainforests, enforce environmental law, conserve marine life, and restore forests.

Jack emphasizes the need for increased philanthropy towards climate mitigation efforts and highlights the role of the Global Returns Project in making sustainable giving mainstream. He also discusses the integration of the project into financial planning and the options for donating.

We explore the impact of climate change, individual actions to combat it, and the role of governments and corporations in addressing the issue. Our conversation highlights the importance of taking meaningful action to combat climate change and emphasizes the potential for positive change if everyone contributes.

Takeaways

• Charitable giving can be an important part of a retirement plan, allowing individuals to make a positive impact on causes that matter to them.
• The Global Returns Project makes charitable giving easy and transparent by selecting high-impact climate charities and providing rigorous monitoring and reporting.
• The portfolio of charities recommended by the Global Returns Project includes organizations that protect rainforests, enforce environmental law, conserve marine life, and restore forests.
• Donating to climate charities is a way to address the urgent issue of climate change and its impact on other important causes.
• The Global Returns Project can be integrated into financial planning, allowing individuals to allocate a portion of their assets to charitable giving. Climate change is a pressing issue that requires immediate action.
• Individual actions, such as reducing carbon emissions and adopting sustainable practices, can make a significant impact.
• Investing in sustainable solutions is crucial for addressing climate change.
• Governments and corporations play a vital role in implementing policies and initiatives to combat climate change.
• Taking meaningful action collectively can lead to positive change and make a difference.
•  

Chapters

00:00 Introduction to the Global Returns Project

03:21 Charitable Giving as Part of a Retirement Plan

09:36 Dispelling Myths about Charitable Giving

12:59 Making Charitable Giving Part of Asset Allocation

18:49 The Importance of Transparency and Impact Reporting

23:20 The Limitations of Sustainable Investing

26:45 The Portfolio of Charities and Their Impact

32:34 The Mechanics and Methodology of the Global Returns Project

40:02 Integrating the Global Returns Project into Financial Planning

49:05 How to Donate and Get Involved

05:00 Understanding Climate Change

15:00 The Impact of Climate Change

25:00 Individual Actions to Combat Climate Change

35:00 Investing in Sustainable Solutions

45:00 The Role of Governments and Corporations

51:12 Taking Meaningful Action

Episode Links & Resources

• The Global Returns Project
• WealthGPS – Lifestyle Financial Planning by TFP
• Download My FREE Retirement Toolkit
• Subscribe to my Super Sunday Retirement Roundup Newsletter

Summary

Today's conversation is with retirement investing, income planning and life satisfaction expert, Michael Finke 

Michael is a professor of wealth management and Frank M. Engle Distinguished Chair in Economic Security at The American College of Financial Services.  

He received a doctorate in consumer economics from the Ohio State University in 1998 and in finance from the University of Missouri in 2011. He leads the O. Alfred Granum Center for Financial Security at the American College and is a research fellow at the Retirement Income Institute, and a member of the Defined Contribution Institutional Investment Association Academic Advisory Council.  

He is an internationally known researcher in the areas of retirement income planning, retirement spending, life satisfaction, and cognitive aging. He is a frequent speaker at financial planning conferences and was named one of the 25 most influential people in the field of investment advising in 2020 and 2021 by Investment Advisor Magazine. 

In this conversation, Michael and I discuss the importance of mindset and positivity in retirement planning. We explore the correlation between health and financial behaviours among retirees and the role of positivity in driving savings and spending behaviour. We also discuss the benefits of annuities as a way to ensure a guaranteed income in retirement and how the psychological impact of spending from income versus spending from assets is often a licence to spend for many retirees. The conversation emphasizes the need to align money with values and goals to maximize happiness in retirement. 

Takeaways

• There is a strong connection between health behaviors and money behaviors, as both involve making decisions to defer gratification and invest in a better future.
• Retirement income planning should involve considering both spending and legacy goals, and giving oneself the agency to choose how much of their savings to spend and how much to pass on to others.
• It is important to recognize and accept our own mortality when planning for retirement, and to design a plan that allows us to spend the money we've saved for the purpose of enjoying a better lifestyle.
• Retirement should be viewed as an opportunity to bring forward the ability to give money to loved ones and causes we care about, rather than waiting until the end of life.
• Spending money in retirement can bring more happiness and satisfaction than simply accumulating wealth, and it is important to prioritize experiences and social interactions that provide joy.
• Designing a retirement plan should involve envisioning the future and creating a financial structure that supports the desired lifestyle, rather than solely focusing on numbers and spreadsheets. Mindset and positivity play a crucial role in retirement planning.
• Health and financial behaviors are correlated among retirees, and positivity drives savings behavior.
• Annuities provide a license to spend and allow retirees to spend more from income than from assets.
• Aligning money with values and goals can lead to greater happiness in retirement.

Sound Bites

"What is wealth? Wealth is a store of future spending. It is a store of future happiness."

"The goal is lifestyle. That's why you save the money in the first place. Let's design a structure so that you can have the lifestyle that you want to live."

"Recognize that you had a choice and your choice was: Do I want to spend the money that I've saved that I've sacrificed to be able to build or am I going to be happier passing it on to someone else?"

"How we view retirement and how positive we are about our years going forward is going to shape the way we want to spend our money."

"People who think that life is going to be more pleasurable in their 80s are more motivated to ensure that they still have income in their 80s."

"Annuities give you the ability to spend more every year and never feel bad about it."

Chapters

00:00  Introduction and Background
03:23 The Connection Between Retirement, Health, and Wealth
07:58  Balancing Spending and Legacy Goals in Retirement Income Planning
11:25   Recognizing Mortality and Designing a Plan for a Better Lifestyle
15:37  Bringing Forward the Ability to Give in Retirement
24:15  Envisioning the Future and Designing a Retirement Plan
26:45 The Role of Mindset and Positivity in Retirement Planning
28:12 The Correlation Between Health and Financial Behaviors in Retirement
35:10 The Benefits of Annuities as a License to Spend
42:20 Aligning Money with Values and Goals for Greater Happiness in Retirement

Links

• License to spend whitepaper
• Michael Finke Website

Summary

In this episode, I get to have a great conversation with Bec Wilson, author of 'How to Have an Epic Retirement,' to discuss the key themes and pillars of retirement planning. Bec shares her journey into the retirement space and the inspiration behind her book. We discuss the importance of understanding lifespan and healthspan, as well as the financial confidence needed for retirement. Bec emphasizes the need for proactive health management and the role of exercise and diet in healthy aging. The conversation highlights the interconnectedness of time, money, and health in creating an epic retirement. We have a great discussion about the 5 pillars of retirement: time, money, health, happiness, and your home as you age. We delve into the importance of happiness and fulfilment in retirement, emphasising the need for social interaction and meaningful activities. Finally, Bec introduces the five big stages of retirement: pre-euphoria, adjustment, euphoria, post-euphoria, and frailty.

Takeaways

• Social interaction and building relationships are crucial for happiness and fulfillment in retirement.
• Making informed decisions about housing can help minimize financial risks and maximize retirement enjoyment.
• The five big stages of retirement are pre-euphoria, adjustment, euphoria, post-euphoria, and frailty.
• Planning for retirement should include considerations for physical and mental health to maintain independence and minimize time spent in frailty.

Chapters

00:00 Introduction and Background

03:00 The Six Pillars of Retirement

24:36 Time: Understanding Lifespan and Healthspan

32:48 Money: Financial Confidence and Planning

39:04 Health: Taking Care of Your Body and Mind

43:32 Pillar 4: Happiness and Fulfillment

47:41 Pillar 5: Your Home as You Age

57:15 The Five Big Stages of Retirement

Episode Links & Resources

• Bec's book How to have an Epic Retirement
• Bec's Website https://epicretirement.com.au/
• Bec's Newsletter https://www.epicretirement.net/
• Bec's Podcast https://www.primetimers.net/
• WealthGPS – Lifestyle Financial Planning by TFP
• Download My FREE Retirement Toolkit
• Subscribe to my Super Sunday Retirement Roundup Newsletter

Summary

In this episode, I get to sit down with David Jones from Dimensional about evidence-based investing and retirement planning. We discuss the challenges of the retirement transition, the importance of social connections, and the role of financial planning in retirement. We also explore the fear of spending money in retirement and the benefits of intergenerational wealth. Our conversation concludes with a discussion on the Japanese concepts of Kanreki and Ikigai in retirement and the secret of evidence-based investing.

Takeaways

• Retirement transition can be challenging, and it is important to have a clear financial plan and structure in place.
• Social connections are crucial in retirement for mental and physical health.
• Investing in retirement should be based on evidence and academic research to mitigate risks and achieve long-term goals.
• Overcoming the fear of spending money in retirement requires open communication, financial planning, and understanding the purpose of wealth.
• Intergenerational wealth and gifting can be beneficial for both the giver and the receiver, and open conversations about money within families are important.

Chapters

00:00 Introduction and Background

04:35 Dimensional's Evidence-Based Approach

07:43 The Lack of Academic Research in Investing

10:03 The Challenges of Retirement Transition

13:18 The Challenges of Retirement

16:21 The Importance of Social Connections in Retirement

18:01 The Role of Financial Planning in Retirement

19:37 Investing in Retirement with Evidence and Academic Research

28:55 Understanding Risk in Retirement

36:44 Overcoming the Fear of Spending in Retirement

43:28 The Importance of Financial Planning in Retirement

46:17 The Challenges of Spending Money in Retirement

48:30 Using Monopoly to Understand Intergenerational Wealth

55:16 Japanese Concepts of Kanreki and Ikigai in Retirement

01:06:37 The Secret of Evidence-Based Investing

Episode Links & Resources

• My blog about the Japanese concept of Kanreki
• David's Monopoly Money article
• WealthGPS – Lifestyle Financial Planning by TFP
• Download My FREE Retirement Toolkit
• Subscribe to my Super Sunday Retirement Roundup Newsletter

Summary

Al Lyman discusses the importance of health and quality of life in retirement. He emphasizes the difference between lifespan and healthspan, highlighting the need to focus on the quality of years rather than just the number of years lived. Al shares personal anecdotes about his mother's health struggles and the impact it had on her and her family. He provides practical steps for boosting energy and health in retirement, including focusing on real food, reducing sugar intake, and incorporating exercise. Al also addresses the importance of strength training, maintaining muscle mass, and the enjoyment and achievement that come with taking control of one's health in retirement. The conversation explores the importance of health in retirement and the second half of life. Al emphasises the need to prioritize health over material possessions and accumulate wealth for the purpose of enjoying time and experiences. Al also shares his personal experiences and aspirations for his own second half, highlighting the importance of living a healthy lifestyle and creating meaningful memories with loved ones.

Takeaways

• Material possessions lose their importance in the face of ill health.
• It is crucial to prioritize health in the 30-45 age group to prevent future difficulties.
• Accumulating wealth should be for the purpose of enjoying time and experience   Living stronger in the second half of life involves taking control of one's health and creating meaningful memories.

Chapters

00:00 Introduction and Excitement for the Conversation

01:12 The Importance of Health in Retirement

03:03 The Difference Between Lifespan and Healthspan

07:42 The Quality of Years and Avoiding Chronic Disease

14:12 Practical Steps to Boost Energy and Health in Retirement

22:46 Being Intentional and Overcoming Fear in Retirement

36:30 The Importance of Strength Training and Muscle Mass

45:19 Enjoyment, Consistency, and the Truth in Aging

49:25 Material Possessions and Ill Health

51:10 The Importance of Health in the 30-45 Age Group

52:11 The Point of Accumulating Wealth

52:54 The Value of Health

53:35 Al Lyman's Second Half

57:16 Living Stronger in the Second Half

58:41 The Importance of Health in Retirement

Episode Links & Resources

• Age Well & Feel Great by Al Lyman
• Al's Website
• The Age Optimizer Newsletter
• Pursuit Athletic Performance
• WealthGPS – Lifestyle Financial Planning by TFP
• Download My FREE Retirement Toolkit
• Subscribe to my Super Sunday Retirement Roundup Newsletter

Summary

In this episode, Sonya Lutter discusses the intersection of financial wellbeing and mental health in retirement. She emphasises the importance of addressing money scripts and financial behaviours, as well as aligning spending with values in retirement. Sonia also explores the challenges that arise in marriage and relationships during retirement and highlights the significance of purpose in leading a happy and fulfilling retirement. Additionally, she discusses the value of working with a financial advisor in achieving financial satisfaction and relationship satisfaction in retirement. In this episode, Dan and Sonia discuss the key to happiness in retirement and the impact of financial planning on people's lives. They also explore Sonia's work and resources for individuals and couples preparing for retirement. The conversation concludes with a reflection on the importance of love in retirement planning.

Takeaways

• Financial planning can lead to greater happiness and freedom in retirement.
• Sonia offers online courses, books, and research papers to help individuals and couples prepare for retirement
• Love should be prioritized over money when planning for retirement.

Chapters

00:00 Introduction and Background

03:00 The Intersection of Financial Wellbeing and Mental Health

08:21 The Emotive Nature of Money

11:02 Money Scripts and Financial Behaviours

14:55 The Importance of Addressing Money Scripts in Retirement

19:06 The Challenge of Spending Money in Retirement

21:35 Aligning Spending and Values in Retirement

27:04 Navigating Changes in Marriage and Relationships in Retirement

30:47 Mental Health Challenges in Retirement

34:47 The Importance of Purpose in Retirement

38:55 The Value of Working with a Financial Advisor

47:01 The Key to Happiness

48:03 Sonia's Work and Resources

49:21 Love Comes First

Episode Links & Resources

• Love & Money by Sonya Lutter
• www.sonyalutter.com
• www.enlite.world
• The Analog Advisor Podcast
• WealthGPS – Lifestyle Financial Planning by TFP
• Download My FREE Retirement Toolkit
• Subscribe to my Super Sunday Retirement Roundup Newsletter

Summary

Lee Robertson, a former financial planner and co-founder of Octo Members, shares insights on the challenges and changes in retirement over the years. He emphasises the importance of planning for retirement, not just financially but also in terms of filling one's day and pursuing passions. Lee discusses the shift from traditional final salary (DB) pensions to defined contribution plans and the need for individuals to navigate retirement on their own. He encourages people to focus on creating memory dividends and living a fulfilled retirement. Lee also shares his personal journey of stepping away from a successful financial planning business to pursue his passion in setting up Octo Members. In this conversation, Lee discusses the importance of sleep and mental wellbeing in retirement. He shares his personal struggles with sleep and how it affected his transition from owning a financial planning business to starting a new start-up. Lee also recommends resources, such as Daniel Huberman's series and the Humans vs Retirement podcast, for people heading into retirement.

Takeaways

• Retirement is a life transition that requires planning and preparation, both financially and in terms of filling one's day with meaningful activities.
• The challenges in retirement include concerns about financial security, finding purpose and identity, and adapting to a new lifestyle.
• Retirement has changed over the years, with the shift from traditional pensions to defined contribution plans and the need for individuals to take more responsibility for their retirement savings.
• Creating memory dividends and pursuing passions are important aspects of a fulfilling retirement.
• Following passion and purpose can lead to a more satisfying retirement, even if it means stepping away from a successful career or business.

Chapters

00:00 Introduction and Background

03:11 Challenges in Transitioning to Retirement

07:05 The Changing Landscape of Retirement

13:11 Retirement Challenges Over the Years

19:23 The Importance of Planning and Creating Memory Dividends

23:49 The Modern-Day Retirement

29:24 Stepping Away from a Successful Business

37:32 Following Passion and Purpose

45:30 Doing More of What You Love in Retirement

45:55 Recommended Resources

46:24 Sleep and Mental Wellbeing

47:22 Resources for Retirement

48:23 Closing Remarks

Episode Links & Resources

• Huberman Lab Podcast
• WealthGPS – Lifestyle Financial Planning by TFP
• Download My FREE Retirement Toolkit
• www.humansvsretirement.com

This is the 27th and final episode of season 2 of the Humans vs Retirement podcast

As I reflect on the past four months I just want to say a massive thank you to everyone of you that continuies to tune in to the show week after week. The growth of the listnership has been mindblowing and the feedback I'm getting shows the impact that these conversations are having and that is truly humbling!

In this solo episdoe I share five personal takeaways from the season's conversations, including the importance of embracing change and growth, social connections and mental well-being, actively shaping retirement life, and embracing transitions for a vibrant retirement.

I also share what I think is the step change that is happening in retirment right now, that is the rise of the retirement rebels...

What is a retirement rebel? Why is there a retirement rebellion happening? and what are the challenges of being one?

I also share what I believe to be the biggest misconception that people embarking on retirement have and what they get wrong the most, you wont want to miss what I have to say!

Here are the links to the free resources that I mention in the episode...

• The Retirement Toolkit
• My Blog
• My Sketches
• A Free PDF of The Book Enough?

Here is to a very Merry Christmas and a Happy New Year... see you in 2024! 

Summary

In this episode of the Humans vs Retirement podcast, I'm so fortunate to be able to have a conversation with my wonderful and newly retired client, Neil Jones. Neil graciously shares his first-hand experiences and challenges in planning his retirement as well as his career story and how he began to think seriously about what life after work would look like. We discuss how important planning and preparation was for Neil, as well as the emotional and psychological adjustments that he has had to make and continues to work through. This episode provides a first-hand perspective on the realities of life after work and offers valuable insights for anyone approaching retirement.

Useful Links

Subscribe to the Humans vs Retirement podcast on Apple Podcasts, and Spotify

Download for free my 7 Step Retirement Toolkit

Subscribe to my newsletter Stay The Course

Connect With Me

TFP Financial Planning

LinkedIn

X / Twitter

Book in a chat if you want a second opinion about your retirement planning.

Email at dan@tfp-fp.com

Summary

Wallis is an authority on how to be an ageing entrepreneur. She is a speaker, and author and is intent on disrupting the accepted norm around what is possible as we age. Wallis is different to most people her age, she is straightforward, quirky and has an attitude of let's give it a try. She is the founder of Bold Not Old, a platform for education and self-awareness for 'The Silver Economy' and CEO and editor-in-chief of Empowering Boldness a bi-monthly magazine.

Her passion is to challenge those who are 55+ to get out of their comfort zone rethink retirement and have a go at being an entrepreneur. She encourages creativity, daring to be different, thinking fabulous and proving that pursuing a passion can add years to our lives. As Wallis herself says "there is no Utopia, but life can be joyous, even the challenges can be small bumps on the journey to what is next"

In this episode Wallis and I discuss challenging the traditional beliefs about aging, explore the power of entrepreneurship in retirement and the ability for today's 'retirees' to disrupt societal norms.

Useful Links

Check out Bold Not Old

Visit Wallis's website

Subscribe to Wallis's brilliant YouTube channel

Subscribe to the Humans vs Retirement podcast on Apple Podcasts, and Spotify

Download for free my 7 Step Retirement Toolkit

Subscribe to my newsletter Stay The Course

Connect With Wallis

LinkedIn

Twitter/X

Connect With Me

TFP Financial Planning

LinkedIn

X / Twitter

Book in a chat if you want a second opinion about your retirement planning.

Email at dan@tfp-fp.com

Summary

Dr Phil Pearlman is the founder of The Pearl Institute, a teacher by nature and expert in the areas of personal health and effective processes of change.

Phil set out on his own health journey after spending years neglecting his wellbeing and happiness and emerged thriving and eager to help others. From that he created The Pearl Institute and has dedicated his life to helping people optimize their wellbeing. That's his calling!

He is the author of The Primecuts Newsletter, which focuses on cultivating a healthy lifestyle and mindset through the powers of creativity, reinvention, and grit and has been an advisor to and investor in social/digital media companies. He has served as CBO and CMO at Osprey Funds, EVP at Bank OZK, Executive Editor at Stocktwits, and Interactive Editor at Yahoo Finance.

Phil earned a Doctor of Psychology degree from Argosy University and lives with his wife and two boys in Montebello, New York.

In this episode Dr Phil and I discuss the importance of health in retirement and how it impacts our ability to enjoy and make the most of our financial resources we've accumulated and more importantly the newfound time and freedom we have. Phil shares his knowledge and wisdom on growing healthier, performing better, leading stronger lives, and making wiser decisions, all of which can be applied to retirement.

Useful Links

Subscribe to Phil's brilliant newsletter Prime Cuts

Check out The Pearl Institute website and discover how Phil can help you!

Subscribe to the Humans vs Retirement podcast on Apple Podcasts, and Spotify

Download for free my 7 Step Retirement Toolkit

Subscribe to my newsletter Stay The Course

Connect With Dr Phil

LinkedIn

Twitter/X

Connect With Me

TFP Financial Planning

LinkedIn

X / Twitter

Book in a chat if you want a second opinion about your retirement planning.

www.humansvsretirement.com

Summary

Mike Drak is a retirement lifestyle expert and renowned author. He is the author of three books: "Longevity Lifestyle by Design," "Victory Lap Retirement," and "Retirement, Heaven and Hell." With his expertise in retirement lifestyle design, Mike has become a go-to expert for high-profile blogs and organizations. He is also a contributor to the digital media hub called Booming Encore. Mike emphasises the non-financial aspects of retirement and the importance of finding purpose and meaningful activities in retirement. His personal story of struggling with retirement shock adds to his credibility and understanding of the challenges faced by retirees. Overall, Mike's achievements and credentials establish him as a trusted authority in the field of retirement lifestyle design.

In this episode I dig into Mike's extensive experience and expertise in retirement planning, combined with his passion for helping people live their best retirement lives and it made for an incredibly insightful conversation. We discussed the non-financial elements of retirement, how to design a fulfilling retirement lifestyle, and the importance of mindset in achieving a happy, healthy, and wealthy retirement.

Useful Links

• Buy Mike's brilliant books Longevity Lifestyle by Design, Victory Lap Retirement and Retirement, Heaven, and Hell
• Booming Encore
• Humble Dollar
• Subscribe to the Humans vs Retirement podcast on Apple Podcasts, and Spotify
• Download for free my 7 Step Retirement Toolkit
• Subscribe to my newsletter Stay The Course

Connect With Mike

• LinkedIn

 Connect With Me

• TFP Financial Planning
• LinkedIn
• X / Twitter
• Book in a chat if you want a second opinion about your retirement planning.
• Email at dan@tfp-fp.com

Summary 

Money and happiness expert Ken Honda is a bestselling self-development author in Japan, with book sales surpassing eight million copies since 2001. His first English language book, "Happy Money: The Japanese Art of Making Peace With Your Money" (June 2019, Simon & Schuster), is an international bestseller. His new novel is "True Wealth – 9 Lessons From a Grandfather on Happiness and Abundance" (​​May 14, 2024, Hay House). Learn more at KenHonda.com.

In this episode Ken Honda discusses the concept of true wealth, which goes beyond material abundance and includes intangible assets such as trust, bonding, love, and friendship. He emphasizes the importance of creating precious memories and highlights the need to redefine wealth as we approach retirement. Ken also explores the power of intuition in decision-making and shares three steps to tap into our intuition. He discusses coping with anxieties and fears around money and retirement, suggesting that facing fear head-on can lead to personal growth and new opportunities. Ken encourages listeners to find their Ikigai, their life purpose, and to make choices that align with their passions and values. He also emphasizes the importance of cultivating a positive relationship with money and using it as a tool to bring joy and happiness in retirement.

Takeaways

• True wealth goes beyond material abundance and includes intangible assets such as trust, bonding, love, and friendship.
• Creating precious memories is more important than accumulating material wealth.
• Facing fears and taking risks can lead to personal growth and new opportunities in retirement.
• Finding your Ikigai, your life purpose, and making choices that align with your passions and values is crucial in retirement.
• Cultivating a positive relationship with money and using it as a tool to bring joy and happiness in retirement is essential.

Sound Bites

"True wealth is something that you cannot see. It's invisible assets like trust, bonding, love, and friendship."

"There's always some kind of guiding force to just take us to something very important."

"If you can face your fear, you will be less afraid of taking more steps, taking more risks."

Chapters

00:00 Introduction and the Concept of True Wealth
06:03 The Power of Intuition in Decision-Making
09:25 Coping with Anxieties and Fears in Retirement
15:30 Finding Your Ikigai in Retirement

Summary

Dr Lyle Sussman is the former Chairman and Professor of Management and Entrepreneurship, University of Louisville, and Professor Emeritus. Aside from 65 scholarly articles, he is a bestselling business author with more than 1,000,000 copies of his books in print in 15 languages. Excerpts of his books have appeared in Harvard Business Review Updates, Savvy, Bottom Line Reports, Working Woman, Inc., Success, Executive Book Summaries, Investor's Daily, CNN, American Banker, US Air In Flight Audio, and hundreds of management blogs. He has spoken to more than 100,000 people and consulted around the world for both the private and public sector, with significant impact in the banking industry. He received his PhD from Purdue University, and his BS and MS degrees from University of Wisconsin-Milwaukee. He was selected for Who's Who in Business Higher Education

Dr Dubofsky has published over 40 articles in journals including Journal of Finance, Journal of Financial and Quantitative Analysis and Journal of Money, Credit and Banking. He is the author of Derivatives: Valuation and Risk Management (co-authored with Tom Miller), and Options and Financial Futures: Valuation and Uses. Prior to retiring in 2020, Dr Dubofsky held faculty and administrative positions at TCU Neeley School of Business, the University of Louisville, Texas A&M University, Virginia Commonwealth University and Seattle University. Previously, he was a visiting academic scholar for the Office of Economic Analysis at the U.S. Securities and Exchange Commission and worked for Nalco Chemical Company and Standard Oil of Indiana. He earned his PhD in Finance from the University of Washington, MBA from the University of Houston, and BE in Chemical Engineering from City College of New York. He is a CFA® charterholder.

In this episode Lyle, David and I delve into their specialist area of the intersection of money, emotions and behaviours. We discuss their brilliant book Your Total Wealth as well as covering of the very important topic of information vs wisdom and how in an always on, information rich world, the application of true wisdom can make a big impact on your retirement journey.  

Useful Links

Visit Lyle & David's website Your Total Wealth

Buy their wonderful book Your Total Wealth: The Heart & Soul of Financial Literacy

Subscribe to the Humans vs Retirement podcast on Apple Podcasts, and Spotify

Download for free my 7 Step Retirement Toolkit

Subscribe to my fortnightly newsletter Stay The Course

Connect With David

LinkedIn

Connect With Lyle

LinkedIn

Connect With Me

TFP Financial Planning

LinkedIn

X / Twitter

Book in a chat if you want a second opinion about your retirement planning.

Email at dan@tfp-fp.com

Find out more at www.humansvsretirement.com

Summary

Frances Taylor is known as "The Sleep Fixer" and is a wellbeing expert supporting business leaders, managers and teams to build personal and organisational resilience.

Frances says that "sleep is the Cinderella of Good Health. People knew about diet and exercise but take sleep for granted – until that is, they wake up to the fact that they aren't getting enough".

She has distilled all her experience and learning to create powerful science-backed programmes that show people how to sleep well, work well and live well.

Frances is a Trustee and Fellow of the International Stress Management Association (UK) with specific responsibility for establishing new professional standards. I also established a regional network for businesses and individuals working in the field.

Frances is trained in CBTi, (Cognitive Behavioural Therapy for Insomnia) which is now the clinically researched front line treatment for both the UK and US.

In this episode Frances and I explore the often-overlooked subject of sleep and its impact on retirement and later life well-being. Frances shares valuable insights on the importance of good quality sleep as well as practical tips and strategies on improving your sleep quality and how to spot the signs that will affect your sleep.

Useful Links

• France's website
• France's free sleep diagnostic test
• Subscribe to the Humans vs Retirement podcast on Apple Podcasts, and Spotify
• Download for free my 7 Step Retirement Toolkit
• Subscribe to my fortnightly newsletter Stay The Course

Connect With Frances

• LinkedIn

Connect With Me

• TFP Financial Planning
• LinkedIn
• X / Twitter
• Book in a chat if you want a second opinion about your retirement planning.
• Email at dan@tfp-fp.com

Summary

Author, international thought leader, and life-planning pioneer George Kinder has been at the forefront of the financial services industry for more than 35 years, spearheading a movement to put the lives that clients desire to live at the centre of their financial plans. Through books, workshops, and speaking engagements, George has trained thousands of professionals globally in the field of financial life planning. After 30 years as a practicing financial planner and tax adviser, he founded the Kinder Institute of Life Planning in 2003. His three books on money, The Seven Stages of Money Maturity (1999), Lighting the Torch (2006), and Life Planning for You (2014), are considered foundational and essential works in the field of financial life planning, for both professionals and consumers.

George's many accomplishments include:

Financial Planning Association's first Heart of Financial Planning Award in 2006, recognizing "individuals who demonstrate commitment and passion in doing extraordinary work to contribute or give back to the financial planning community and/or the public."

The Transparency Task Force's Transparency Trophy (2017), recognizing his role in "helping to navigate the industry towards a more transparent, competitive and enlightened state."

"One of 20 People Who Shaped the Financial Planning Industry" ("50th Anniversary of Financial Planning" Special Edition, InvestmentNews, 2019).

George has appeared on many radio and television programs, and his expertise has been featured in FP Today, The Financial Times, Forbes, InvestmentNews, The Journal of Financial Planning, New Model Adviser, The New York Times, Time Magazine, and The Wall Street Journal.

In this episode George and I discuss the true impact of Life Planning on retirement. He shares the 3 questions that when answered change everything as well as his famous EVOKE process for building a Life Plan. Some of the other amazing topics covered are

• Life planning empowers financial freedom.
• Retirement is a new beginning.
• Retirement should be redefined.
• Importance of building a vision.
• Understand clients before financial planning.
• Reflect on your life's purpose.
• Embrace the present moment fully.
• Freedom is personal and unique.
•  Retirement is an incredible opportunity.

Useful Links

• Buy George's brilliant books The Seven Stages of Money Maturity, Lighting the Torch, Life Planning for You and A Golden Civilisation
• Visit George's website
• Subscribe to the Humans vs Retirement podcast on Apple Podcasts, and Spotify
• Download for free my 7 Step Retirement Toolkit
• Subscribe to my fortnightly newsletter Stay The Course

Connect With George

• LinkedIn
• X / Twitter

Connect With Me

• TFP Financial Planning
• LinkedIn
• X / Twitter
• Book in a chat if you want a second opinion about your retirement planning.
• Email at dan@tfp-fp.com

www.humansvsretirement.com 

Summary

Ross Marino is the founder of Transitus Wealth Partners and the founder & CEO of Advisor 2X which organises and hosts global leading human first financial conferences such as SHIFT. He is a passionate advocate for Human-First Financial Guidance and author of the brilliant book Shaping Change: How To Respond When Life Disrupts Your Retirement Plan. He is a Certified Financial Transitionist and a key member of the Sudden Money Institute.

In this episode Ross and I discuss the importance of flexibility, adaptability, and resilience in retirement and reveal how these qualities are crucial because our decisions are shaped by our experiences and learning, making them rational to us. We talk through why Ross believes that being open to change and adapting to new circumstances is key to navigating retirement successfully.

Furthermore, Ross and I discuss the freedom and agency that retirement brings, emphasising that after decades of constraints on resources like time, energy, and money, retirement allows individuals to make their own choices. Whether it's continuing to work, pursuing hobbies, or spending time with family, retirees have the ability to determine how they want to spend their time and resources. This newfound freedom is seen as exciting and empowering.

Useful Links

Ross's book Shaping Change: How To Respond When Life Disrupts Your Retirement Plan

Subscribe to the Humans vs Retirement podcast on Apple Podcasts, and Spotify

Download for free my 7 Step Retirement Toolkit

Subscribe to my fortnightly newsletter Stay The Course

Connect With Ross

LinkedIn

X / Twitter

Connect With Me

TFP Financial Planning

LinkedIn

X / Twitter

Book in a chat if you want a second opinion about your retirement planning.

Email at dan@tfp-fp.com

www.humansvsretirement.com

Summary

Hal Hershfield is a Professor of Marketing, Behavioural Decision Making, and Psychology at UCLA's Anderson School of Management and holds the UCLA Anderson Board of Advisors Term Chair in Management. He is also the author of the recently released best-selling book Your Future Self: How to Make Tomorrow Better Today

His research, which sits at the intersection of psychology and economics, examines the ways we can improve our long-term decisions. He earned his PhD in psychology from Stanford University.

Hershfield publishes in top academic journals and contributes op-eds to the New York Times, Harvard Business Review, the Wall Street Journal, and other outlets. He consults with the Consumer Financial Protection Bureau, many financial services firms such as Fidelity, First Republic, Prudential, Morgan Stanley, Merrill Lynch, and Avantis. The recipient of numerous teaching awards, Hershfield was named one of "The 40 Most Outstanding B-School Profs Under 40 In the World" by business education website Poets & Quants.

In this episode Hal and I discuss the challenges that individuals face when it comes to retirement and how our present selves often anchor us and distort our decisions about the future. We also delve into the importance of seeing our future selves and how it can impact our happiness and well-being and our conversation touches on the dangers of procrastination and the need to prioritize experiences and make intentional choices in retirement.

Useful Links

Buy Hal's brilliant book Your Future Self: How to Make Tomorrow Better Today

Visit Hal's website

Subscribe to the Humans vs Retirement podcast on Apple Podcasts, and Spotify

Download for free my 7 Step Retirement Toolkit

Subscribe to my fortnightly newsletter Stay The Course

Connect With Hal

LinkedIn

X / Twitter

Connect With Me

TFP Financial Planning

LinkedIn

X / Twitter

Book in a chat if you want a second opinion about your retirement planning.

Email at dan@tfp-fp.com

Find out more at www.humansvsretirement.com

Summary

Dr Moira Somers is the founder of Money, Mind and Meaning, a renowned psychologist, neuroscientist, and family wealth consultant that specialises in the psychology of money. She is a faculty member at the Ultra High Net Worth Institute and at the Sudden Money Institute and leads the Financial Psychology Special Interest Group for the American Psychological Association.

In this episode Moria and I discuss a number of key challenges when it comes navigating the complexities of life after work and in particular i tap into Moira's neuroscience background to talk about cognitive decline and how we can think about keeping our brain sharp and healthy throughout retirement

Useful Links

• Money, Mind & Meaning
• Moira's brilliant book Advice That Sticks
• Subscribe to the Humans vs Retirement podcast on Apple Podcasts, and Spotify
• Download for free my 7 Step Retirement Toolkit
• Subscribe to my fortnightly newsletter Stay The Course

Connect With Moira

• LinkedIn
• X / Twitter

Connect With Me

• TFP Financial Planning
• LinkedIn
• X / Twitter
• Book in a chat if you want a second opinion about your retirement planning.
• Email at dan@tfp-fp.com

Find out more by visiting www.humansvsretirement.com

Summary & About Guest

Dr. Preston Cherry is the Founder & President of Concurrent Financial Planning, Head of the Financial Planning Program, and Director of the Charles Schwab Centre for Personal Financial Planning at the UW – Green Bay. Preston specializes in empowering individuals to share stories that inform their financial resources and life's design to achieve financial wellness and freedom that cultivates life wholeness. Preston has been cited by the New York Times, Forbes, the Wall Street Journal, CNBC, and Yahoo Finance. He is an Investopedia 100 Top Financial Advisor, 2022 ThinkAdvisor LUMINARY Finalist, WealthManagement.com Ten to Watch in 2023, President of the Financial Therapy Association and practitioner editor of the award-winning Journal of Financial Planning.

In this episode Dr. Cherry and I discuss the importance of understanding the meaning of retirement and creating a vision for the future. He introduces the concept of the four T's: trial, triumph, transition, and transformation, and explains how these stages can impact one's retirement journey. We also discuss the emotional aspect of money and the need to give oneself permission to enjoy retirement. Dr. Cherry shares personal stories and insights to inspire you to embrace your financial freedom and live a fulfilling retirement.

Useful Links

Dr Cherry's Website

Subscribe to the Humans vs Retirement podcast on Apple Podcasts, and Spotify

Download for free my 7 Step Retirement Toolkit

Subscribe to my fortnightly newsletter Stay The Course

Connect With Preston

LinkedIn

X / Twitter

Connect With Me

TFP Financial Planning

LinkedIn

X / Twitter

Book in a chat if you want a second opinion about your retirement planning.

Email at dan@tfp-fp.com

Find out more at www.humansvsretirement.com 

Summary

Wade Pfau is the founder of Retirement Researcher and Professor of Retirement Income at the American College of Financial Services. He is one of the world's leading experts on retirement income strategies and actively researches and publishes his findings in prestigious journals and media outlets in the United States. He is also a published researcher and author. With his extensive knowledge and expertise in retirement income, Wade has established himself as a trusted authority in the field. His work and contributions have greatly influenced the understanding and implementation of retirement income strategies, making him a highly respected figure in the financial services industry.

In this episode Wade and I focus on retirement income styles and the different strategies individuals can use to generate income and manage their finances in retirement. Wade emphasises the importance of finding an approach that aligns with a person's individual preferences and comfort levels. Our conversation also touches on topics such as spending patterns and optimal withdrawal rates for retirement income.

Useful Links

Retirement Researcher Website

Wade's books Retirement Planning Guidebook, Safety-First Retirement Planning & How Much Can I Spend in Retirement

Subscribe to the Humans vs Retirement podcast on Apple Podcasts, and Spotify

Download for free my 7 Step Retirement Toolkit

Subscribe to my fortnightly newsletter Stay The Course

Connect With Wade

LinkedIn

X / Twitter

Connect With Me

TFP Financial Planning

LinkedIn

X / Twitter

Book in a chat if you want a second opinion about your retirement planning

Email at dan@tfp-fp.com

www.humansvsretirement.com

Summary & About Guest

Dr. Jordan Hutchison is VP of Technology for RFG Advisory in the USA and an expert in flow theory. adjunct instructor in Behavioral Finance for Kaplan's College for Financial Planning. Jordan holds multiple industry certifications, a master's in financial planning, and a doctorate in business administration, specifically in behavioral science and positive psychology.

In this episode we discuss the importance of social connections and relationships in the retirement transition, as well as the concept of flow and its connection to identity shifts.

Jordan shares insights from his research and study of flow theory, career in the wealth management industry and personal insights from his time as a standout college basketball player and his parent's life transitions.

Useful Links

Charles Schwab: The most overlooked factor in aging well (aboutschwab.com)

What is flow theory? – An article explaining what it is and how it may help and impact us

Flow: The Psychology of Happiness By Mihaly Csikszentmihalyi

Subscribe to the Humans vs Retirement podcast on Apple Podcasts, and Spotify

Download for free my 7 Step Retirement Toolkit

Subscribe to my fortnightly newsletter Stay The Course

Connect With Jordan

LinkedIn

Twitter

Connect With Me

TFP Financial Planning

LinkedIn

Twitter

Book in a chat if you want a second opinion about your retirement planning

Email at dan@tfp-fp.com

www.humansvsretirement.com

Summary

Roger is a renowned retirement podcaster, blogger, educator, and planner. With over 8 million downloads and 475 episodes of The Retirement Answer Man show under his belt, and his brilliant community-based Rock Retirement Club he has truly made a mark in the retirement space.

We delved into the emotional and behavioural challenges of retirement, discussing how we, as humans, are simply not wired to take on this new phase of life without some battle scars.

One of the key topics we explored was the "paycheck anxiety" that many individuals face when transitioning into retirement. The loss of that safety blanket, the feeling of security that comes with a regular paycheck, can be daunting.

Roger shared some valuable insights and observations on how to navigate this challenge and find peace of mind in your retirement journey.

Useful Links

Thinking in Bets by Annie Duke

The Power of Agency by Paul Napper & Anthony Rao

Winning The Losers Game by Charles Ellis

The Top 5 Regrets of The Dying by Bronnie Ware

Subscribe to the Humans vs Retirement podcast on Apple Podcasts, and Spotify

Download for free my 7 Step Retirement Toolkit

Subscribe to my newsletter Stay The Course

Connect With Roger

Twitter

LinkedIn

The Retirement Answer Man Podcast

Agile Retirement Management  

Connect With Me

TFP Financial Planning

LinkedIn

Twitter

Book in a chat if you want a second opinion about your retirement planning

Email at dan@tfp-fp.com

Summary

Suzi is a certified co-active coach and has made it her mission to understand the process of personal and professional transitions and the challenges that come with them. She is passionate about working with clients to help see them through and make a pathway for the life the want to experience 

In our conversation Suzi encourages people planning for or already living in retirement to step back and reflect on who they are and what they truly enjoy, as well as the significance of having a positive attitude and choosing to thrive in retirement.  

We discuss the differences between men and women in retirement, particularly in terms of social connections and expectations, whilst also exploring why communication and setting expectations are crucial for couples transitioning into retirement.  

In Suzi's opinion retirement is a multifaceted life transition that requires deep introspection and consideration of various aspects of life. Her retirement wheel is a tool that helps individuals visualize and address different areas of their life, including spiritual well-being, family and friends, partnership and love, health and fitness, and fun play and travel (a free download of this is available in the show notes).  

And finally, Suzi talks about why she believes it is important to approach retirement with curiosity and a sense of wonder, remaining open to new experiences and learning opportunities and how Retirement should not be seen as the finish line, but rather as a new beginning that requires ongoing adaptation and planning. 

Takeaways

• Retirement is an opportunity to repurpose one's life and find new meaning and purpose.
  Taking the time to reflect on who you are and what you enjoy is essential during the retirement transition.
• Having a positive attitude and choosing to thrive in retirement can lead to a more fulfilling experience.
• Men and women often have different challenges and expectations in retirement, particularly in terms of social connections.
• Communication and setting expectations are crucial for couples transitioning into retirement. Retirement is a time for deep introspection and consideration of various aspects of life.
• The retirement wheel is a helpful tool for visualizing and addressing different areas of life in retirement.
• Approach retirement with curiosity and a sense of wonder, remaining open to new experiences and learning opportunities.
• Retirement should be seen as a new beginning that requires ongoing adaptation and planning.

Sound Bites

"I love helping people to repurpose."

"Retirement is an outdated concept."

"Retirement is a chance to repurpose what life means."

"It's a retirement wheel that can help people visualize all the pieces, because it's not just a financial piece as we have so declared here."

"How are you in your spiritual peace and will you give yourself time for that peace?"

"Retirement will evolve greatly. You can't pretend it's not going to."

Chapters

00:00 Introduction and Background
03:27 The Changing Landscape of Retirement
06:01 Repurposing Your Life in Retirement
07:49 Choosing a Positive Attitude in Retirement
09:33 Preparing for Retirement: Mindset and Expectations
12:28 Thriving in Retirement: Shifting from Surviving to Thriving
15:16 Gender Differences in Retirement
24:17 The Retirement Wheel: Visualizing and Addressing Different Areas of Life
33:25 Retirement: A New Beginning Requiring Adaptation and Planning
36:42 Retirement as a Complex Problem Requiring Consistent Adaptation
39:20 Mourning the Ending and Having Gratitude for Your Career

Summary

In the final episode of season one, I'm flying solo to try and distil, summarise, and cover the key points from the previous 11 amazing episodes of the Humans vs Retirement podcast. I can't express my gratitude to you the listeners enough and I'm so excited for season two, which will launch after a four-to-five-week break. Join me as I reflect on the amazing conversations and insights gained from exploring the behavioural, emotional, and financial challenges of life after work.

What You'll Learn

The listener will learn about

• Finding new purpose and creating joy.
• Spending money on experiences rather than material things in retirement.
• The importance of not being too conservative with spending money.
• The four sources of contentment in retirement.
• The four anchors of retirement well-being.
• Effective communication in retirement.
• The importance of resilience.
• The being human problem 

Useful Resources

Subscribe to the Humans vs Retirement podcast on Apple Podcasts, and Spotify
Download for free my 7 Step RetirementGPS Toolkit
Subscribe to my fortnightly newsletter Stay The Course

Connect With Me

TFP Financial Planning
LinkedIn
Twitter
Book in a chat if you want a conversation about your retirement. 
Email at dan@tfp-fp.com

Summary

In this episode of the Humans vs Retirement podcast, I'm so fortunate to be able to have a conversation with my client and good friend, Andy Murphy, to hear about his experiences and challenges in retirement. Andy shares his career story and how he began to think seriously about retirement. We discuss how important planning and preparation was for Andy, as well as the emotional and psychological adjustments that he has had to make and continues to work through. This episode provides a first-hand perspective on the realities of life after work and offers valuable insights for anyone approaching retirement.

What You'll Learn

The listener will learn about:
•    The financial and non-financial aspects of retirement.
•    A real-life transition into retirement.
•    Why involving partners in retirement planning is crucial.
•    Getting your affairs in order is an important part of the planning phase.
•    How to think and pursuing passions in retirement
•    The importance of being flexible with your retirement plans
•    Where to find value in retirement
•    Why seeking professional and specialist advice is vital.

About My Guest

Andy had a long, successful 40+ year career working across a variety of roles for one of the big American banks. 5 years ago, Andy wanted to get his affairs in order to eventually retire from the bank. However, this first venture into retirement planning caused more questions than answers. Andy has been retired just over 12 months and now sees himself as a Music Discoverer! As well as his love of music, he enjoys fine art and cooking.

Find out more at www.humansvsretirement.com

Summary

In this episode I get to have a brilliant conversation with bestselling author, New York Times columnist and founder of The Behaviour Gap Carl Richards. Carl is internationally renowned for his ability to explain complex financial concepts in an easy-to-understand manner through his sketches and books. We discuss the importance of real financial planning, and the challenges people face in retirement. Carl shares his insights and experiences on how to overcome the behavioural, emotional, and financial challenges of life after work. This episode provides valuable advice and inspiration for anyone navigating retirement planning.

What You'll Learn

• The idea of retirement as a man-made invention that may not be suitable for everyone, especially those engaged in knowledge work.
• Retirement may not align with our values and that we may miss out on opportunities to contribute to society and rebuild relationships with loved ones if we retire too early.
• Retirement is not just a financial problem to be solved with numbers, but a human problem that requires exploration of fears, anxieties, dreams, and aspirations.
• Many people are unprepared for the emotional and behavioural challenges that come with retirement.
• The importance of aligning one's values and interests with their retirement plans and finding activities or hobbies that bring joy and fulfilment.

About My Guest

Carl Richards is a Certified Financial Planner™ and creator of the Sketch Guy column, which appeared weekly for a decade in The New York Times.

Carl has also been featured on Marketplace Money, Oprah.com, and Forbes.com. In addition, Carl has become a frequent keynote speaker at financial planning conferences and visual learning events around the world.

Through his simple sketches, Carl makes complex financial concepts easy to understand. His sketches also serve as the foundation for his two books, The One-Page Financial Plan: A Simple Way to Be Smart About Your Money and The Behaviour Gap: Simple Ways to Stop Doing Dumb Things with Money (Portfolio/Penguin).

His sketches have appeared in a solo show at the Kimball Art Centre in Park City, Utah, as well as other showings at Parsons School of Design in New York City, The Schulz Museum in Santa Rosa, California, and an exhibit at the Mansion House in London. 

His commissioned work is on display in businesses and educational institutions across the globe.

Summary

In this episode of the Humans vs Retirement podcast, I get to have a great conversation with journalist and author Celia Dodd about her book "Not Fade Away: How to Thrive in Retirement". The conversation focuses on the emotional challenges of retirement and offers practical examples of real people who have gone through retirement that Celia spent time with when writing the book. Celia shares her expertise and research on the retirement, offering insight and advice for those looking to live a happy, healthy, and wealthy retirement. I encourage everyone to check out Celia's book with a link to buy it in the show notes.

What You'll Learn

The listener will learn about

• The emotional and practical challenges of retiremen
• The importance of planning and adaptability
• The need to find purpose and meaning in retirement through soul searching and exploration.
• The importance of finding new pursuits and interests.
• The challenges and opportunities of retirement for couples.

About My Guest

Celia Dodd is the author of a ground-breaking book about retirement, Not Fade Away, which was serialised in the Daily Mail and the Daily Express. She acts as a consultant on retirement courses, and last year created a retirement preparation toolkit for Hampshire Police Force.

Celia appears regularly on radio (including Woman's Hour) to talk about retirement and other issues that affect the over-50s. Her other books include The Empty Nest: Your changing family, your new direction and All Grown Up, which is about relationships with adult children.

As well as writing books she is a feature-writer for national newspapers and magazines, including The Times, The Independent and Radio Times.

Find out more via www.humansvsretirement.com