Explorez tous les épisodes du podcast The Humans vs Retirement Podcast
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Titre
Date
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S6 Ep 96 - Why Your Brain Isn't Built for Retirement: Modern Software, Ancient Hardware!
05 Nov 2025
00:12:55
Retirement is a modern invention, but your brain didn't get the upgrade. In this episode, I unpack why so many retirees feel restless, guilty, or underwhelmed, even when life looks "perfect on paper." It's not because something is wrong with you, it's because you're trying to run a 21st-century life on Stone Age wiring.
I explore the mismatch between modern retirement and ancient survival instincts, why you struggle to relax, why doing nothing feels uncomfortable, why spending feels risky, and why your brain craves purpose, progress and tribe. Most importantly, I share how to retrain your mind for this new chapter, without fighting your biology.
What You'll Learn
Why retirement feels unsettling (and why it's not your fault)
The clash between modern freedom and caveman brain wiring
How dopamine, productivity and survival instincts mess with your retirement mindset
Why your brain resists rest, spending and stillness
Five ways to "upgrade the software" — from micro-missions to novelty, contribution and healthy discomfort
How to feel useful, alive and excited again in retirement
Challenge of the Week
👉 Pick one "Brain Upgrade" and try it for 7 days:
Set a Micro Mission (e.g. walk 10k steps daily, plan a trip, finish a book)
Add Novelty — try something new for 30 minutes a day
Create Contribution — teach, help, give or mentor someone
Introduce Healthy Discomfort — cold shower, tech-free evening, social challenge
At the end of the week ask: How did it feel? What did it teach me about what my brain needs?
Resources & Mentions
Micro Missions, Contribution Loops & Novelty Windows — My behavioural retirement tools
Next Episode
Episode 11 — The Retirement Focus Ratio: Are You Solving the Wrong Problem? Why most retirement plans are 90% about money… but most retiree worries are 90% about life. And how to fix the imbalance.
The Emotional Whirlwind of Retirement (and How to Survive It)
29 Oct 2025
00:12:41
Retirement isn't a finish line; it's an emotional rollercoaster. In this episode, I break the myth of the "happily ever after" retirement and introduce The Retirement Reinvention Curve — an honest, human map of what really happens when the work stops and life after work begins.
From the initial shock and elation to the frustration, doubt, and eventual flourishing, I unpack the eight emotional stages we all go through when redefining identity, purpose, and meaning beyond the job title. This isn't about pensions or spreadsheets, it's about becoming who you are next.
What You'll Learn
Why retirement isn't a single event but a psychological transformation
The 3 phases and 8 stages of The Retirement Reinvention Curve
How to recognise where you are, and why nothing is "wrong" with you
The real reason traditional retirement advice skips the emotional work
Practical ways to move through frustration and doubt toward purpose and joy
Why rebuilding your identity takes time, curiosity, and compassion
Challenge of the Week
👉 Draw your own Retirement Reinvention Curve.
Sketch a simple line from left to right — no artistic skills required. Then mark:
Where you've been
Where you are now
Where you want to go next
Write one sentence for each stage you've experienced: "What did it feel like? What did it teach me?" Then ask: "What does my next phase need from me?"
Because awareness is the first step to reinvention.
Resources & Mentions
The Retirement Reinvention Curve — My framework for navigating the emotional journey after work.
Next Episode
Coming up in Episode 10: Modern Software, Ancient Hardware
Why your brain wasn't built for retirement, and how to trick it into thriving in a world without structure, deadlines, or dopamine hits from work.
Ep 86 - Living Between Chapters with Toni Petrillo
22 Jul 2025
00:59:43
In this deeply insightful and refreshingly honest conversation, I sit down with retirement coach and former financial services executive Toni Petrillo, founder of Retire with Intention. We explore the emotional complexities and personal transformations that often define life after full-time work, diving into the hidden challenges retirees face, particularly around identity, relationships, and what Toni calls the "messy middle." From evolving partnership dynamics to redefining self-worth and navigating the in-between, this episode offers both practical wisdom and warm reassurance for anyone feeling unsettled in retirement.
What You'll Learn
Why a solid financial plan isn't enough, and what you need instead
The concept of "retiring with intention" and how to do it well
How relationship dynamics shift after work ends (and how to prepare)
The danger of rushing through retirement's "messy middle"
Tools and exercises to rediscover identity, purpose, and self
Why curiosity and honest self-reflection are underrated retirement superpowers
The real reason so many retirees feel lost, even when everything looks great on paper
Key Topics
Toni's journey from financial executive to retirement coach
Letting go of your business card and your professional identity
The new relationship rules for life post-career
Setting boundaries with adult children and grandchildren
Rebuilding your relationship with yourself in retirement
Understanding and embracing the "messy middle" of post-work life
Designing a retirement based on your individual AND shared vision
The power of pausing, experimenting, and reflecting
The underestimated emotional labour of retiring
Why permission, especially to feel, pause, and evolve, is everything
Leave us a ⭐⭐⭐⭐⭐ review if this episode helped shift your perspective! It helps spread the word.
Ep 85 - Find Your Voice: Podcasting as Purpose with Matt Halloran
11 Jul 2025
01:05:12
In this powerful and entertaining episode, I'm delighted to be joined by podcasting legend Matt Halloran, co-founder of ProudMouth. Together, we explore why podcasting isn't just a tool for business; it's a deeply human medium that offers purpose, connection, and even legacy in retirement.
Whether you're a financial planner looking to build trust with your audience or you're approaching retirement and searching for a creative outlet to share your story, this episode is packed with insight, humour, and encouragement. From storytelling to encore careers, legacy creation to building an ecosystem around your voice, this one goes beyond the mic.
What You'll Learn
Why podcasting is the perfect pursuit for your second half of life
How telling your story can create a real connection and leave a lasting legacy
The simple tools and mindset needed to launch a podcast, even in retirement
How podcasting can transform how financial advisers build trust and attract clients
Why "giving away your wisdom" isn't bad business, it's great business
The 4-part formula for powerful content: storytelling, education, entertainment, and call-to-action
Key Topics Covered
My journey into podcasting and how Matt helped spark it
The evolution of podcasting: from radio tapes to legacy libraries
Podcasting as therapy, storytelling, and a vehicle for human connection
How retirees can use podcasting to reinvent themselves post-career
The magic of interviewing clients, friends, and family
Building a podcast around your encore career or consultancy
Using voice to build trust and deepen client relationships
Pitfalls to avoid when starting and how to play the long game
Why being proud of your voice is the first step to being heard
Resources & Mentions
ProudMouth – Matt's podcasting and marketing company for financial professionals
Leave us a ⭐⭐⭐⭐⭐ review if this episode helped shift your perspective! It helps spread the word.
Ep 84 - Solving the Retirement Income Puzzle with Dr. Jeff Brown
27 Jun 2025
01:04:57
In this episode, I had the privilege to sit down with world-renowned economist Dr. Jeff Brown to explore one of retirement's most misunderstood tools, annuities. But this isn't your typical dry financial chat.
Together, we unpack why guaranteed income might be the key to unlocking joy, confidence, and peace of mind in retirement.
With a perfect blend of behavioural science, practical wisdom, and a few sporting analogies thrown in for good measure, this conversation tackles the emotional and psychological dimensions of spending in retirement.
If you've ever thought annuities were boring or unnecessary, this episode might just change your mind (and your future).
What You'll Learn
Why most people don't buy annuities, and why that might be a huge mistake
The "under-annuitisation puzzle" and what it reveals about human behaviour
How guaranteed income permits retirees to spend with confidence
Why planning to "live to 90" is a dangerous oversimplification
The impact of cognitive decline on financial decision-making
How framing retirement as a complex human problem changes everything
Innovative policy ideas and product designs that could change the retirement game
Key Topics
Lifetime income vs lump sum: the psychology behind the choice
Framing effects: how a few words can change your retirement plan
Complexity theory in financial planning
The power of defaults and nudges in retirement decisions
Emotional burden of wealth vs income in later life
The link between guaranteed income and happiness in retirement
The decline of cognitive ability and how annuities can provide protection
The role of tech and AI in the future of retirement advice
Leave us a ⭐⭐⭐⭐⭐ review if this episode helped shift your perspective! It helps spread the word.
Ep 83 - The 7 Pillars of Aging Responsibly with Tony Taylor
18 Jun 2025
00:59:01
In this energising and heartfelt episode, I'm joined by Tony Taylor, a retired entrepreneur turned healthy ageing coach, functional medicine practitioner, and the creator of the 7 Pillars of Ageing Responsibly. After facing the retirement cliff edge head-on, Tony rebuilt his life with purpose, resilience, and a relentless curiosity. Together, we explore what it really means to age well in today's world, beyond the money talk and the small, intentional choices that lead to a longer, stronger, more connected life.
What You'll Learn:
Why retirement often starts with confusion, not celebration
How to build your own "power hour" to set up each day with intention
The vital difference between lifespan and healthspan
How to avoid the three silent killers of retirement: complacency, disconnection, and loss of purpose
Why strength training, sleep, and curiosity may be more important than your pension pot
The overlooked power of cross-generational relationships
What resilience really means, and how to build it at any age
Key Topics Covered:
Tony's personal story: from business owner to active ageing advocate
The cliff-edge effect of retirement and how to navigate it
The 7 Pillars of Ageing Responsibly:
Sleep
Resilience
Purpose
Complacency
Strength
Curiosity
Connection
How to rethink your day-to-day structure in retirement
Why men need to do a better job of building social connections
Cold showers, olive oil, and "shopping bag carries" as unlikely tools for longevity
Leave us a ⭐⭐⭐⭐⭐ review if this episode helped shift your perspective! It really helps spread the word.
Ep 82 - Why You Should Write a Book in Retirement with Helen Wilkie
06 Jun 2025
00:54:57
In this inspiring and thought-provoking episode of Humans vs Retirement, I sit down with The Executive Book Coach, Helen Wilkie to explore why retirement may be the ideal moment to write the book you've always dreamed of. From memoirs to how-to guides, legacy to creativity, Helen shares practical insights and soulful encouragement for anyone curious about turning lived experience into lasting written impact. Whether you're scribbling down notes already or just entertaining the idea, this episode is for you.
What You'll Learn
Why retirement can be the most powerful time to write a book
The difference between a book being your legacy vs holding your legacy
How the writing process helps you rediscover purpose, identity, and structure
The most common obstacles that stop people from starting and how to overcome them
The importance of editing, time-blocking, and defining your "why" before writing
How ghostwriting and book coaching work (and why it's not cheating)
Key Topics
Creativity in the second half of life
How to write a book after retirement
Purpose and identity beyond work
Memoirs, business books, and other nonfiction options
Fear, self-doubt, and imposter syndrome
Writing as an experience, not a task
Turning vague ideas into a finished manuscript
Legacy, storytelling, and honouring your life
Resources & Mentions
Helen Wilkie's free gift: How to Write a Memoir PDF and 20-minute exploratory session Email Helen at: helen@theexecutivesbookcoach.com with subject line: "Memoir Guide"
Leave us a ⭐⭐⭐⭐⭐ review if this episode helped shift your perspective! It really helps spread the word.
Ep 81 - Who Will Get My Money When I Die? with Stuart Ritchie
29 May 2025
01:11:08
In this eye-opening conversation, I sit down with Stuart Ritchie, chartered tax advisor, estate planning expert, and author of Who Will Get My Money When I Die, to explore one of the most emotional and misunderstood aspects of later-life financial planning: inheritance tax.
This episode isn't about doom and gloom, it's about taking control. Whether you're planning for your own legacy, thinking about your children's future, or simply want to make sure the government doesn't get more than its fair share, this is a must-listen.
What You'll Learn
Why inheritance tax is about more than just money, it's about clarity, fairness, and family harmony
The critical role of wills and why DIY ones often cause more harm than good
What lasting power of attorney actually does and why it's vital even if you're married
How to avoid common traps when it comes to gifting, trusts, and tax bills
Why talking to your family before you die might be the greatest gift you give them
Key Topics
Wills and the rules of intestacy: what really happens if you don't plan
The psychology of leaving a legacy: control, conflict, and clarity
Power of Attorney: the two types and the risks of not setting one up
Blended families, second marriages, and planning with complexity in mind
Lifetime gifting and the 7-year rule explained
Life assurance, pensions, and the new inheritance tax reforms
The emotional and practical costs of poor estate planning
Resources & Mentions
Stuart Ritchie's book: Who Will Get My Money When I Die? – available on Amazon
Leave us a ⭐⭐⭐⭐⭐ review if this episode helped shift your perspective! It really helps spread the word.
Ep 80 - The 10 Commandments of Retirement with Fritz Gilbert
07 May 2025
01:04:03
What really matters in retirement? After the spreadsheets are done, the portfolio's in place, and the paycheque has stopped, what's left?
In this powerful and deeply human conversation, I sit down with Fritz Gilbert, author of Keys to a Successful Retirement and founder of The Retirement Manifesto, to explore the non-financial side of life after work. We dive into the real questions: How do you stay fulfilled? Where do you find purpose? And how do you avoid the emotional pitfalls so many retirees never see coming?
Fritz shares his "10 Commandments of Retirement", a personal code he created before stepping away from corporate life and how each one has guided his journey. From "Make No Obligations" to "Keep Eternity in Mind," these principles offer a practical, heartfelt framework for anyone who wants to retire with intention, freedom, and joy.
What You'll Learn
Why mindset matters more than money in retirement
How to create your own guiding principles for life after work
The 90/10 Rule: Why most people focus on the wrong things before retiring
How Fritz skipped the "retirement depression" so many experience
Why giving yourself space and grace in your first year can change everything
How to find (or rediscover) your purpose in the second half of life
The surprising power of legacy, contribution, and shared purpose
Key Topics Discussed
Fritz's "10 Commandments of Retirement" and how they've held up over time
The emotional challenges many retirees face and how to prepare for them
What it means to shift from saving to spending, from doing to being
The founding story of Freedom for Fido and how it brought deeper meaning to retirement
The role of mindset, curiosity, and experimentation in building a rich post-career life
Why "retirement planning" must include much more than your finances
How to craft your own post-career mission, values, and personal compass
Leave us a ⭐⭐⭐⭐⭐ review if this episode helped shift your perspective!
Ep 79 - What Will I Do All Day? with Patrice Jenkins
25 Apr 2025
01:04:48
In this uplifting and thought-provoking episode, I sit down with Patrice Jenkins, author of What Will I Do All Day?, to explore the real heart of retirement beyond financial plans.
Together, we dig into why retirement is not simply about staying busy, but about rediscovering meaning, purpose, identity, and joy.
Patrice shares insights from her decades of counseling and interviews with retirees, offering a compassionate, practical guide to navigating the messy, magical transition into post-career life.
What You Will Learn
Why financial readiness alone doesn't guarantee a happy retirement.
The emotional stages of transitioning into retirement and why patience is crucial.
How to rediscover passions, build social portfolios, and embrace "space."
Why successful retirements often include a form of meaningful "work."
How to avoid the trap of being "busy but unfulfilled."
Simple frameworks to plan your next two years, not just your next thirty.
Key Topics Discussed
The difference between hiding out and holding out when nearing retirement.
The importance of purpose, agency, and intention in retirement planning.
Why internal validation matters more than external praise after leaving work.
How relationships - spouses, adult children, friendships - evolve post-retirement.
Embracing play, experimentation, and curiosity in later life.
Strategies to transition through the inevitable "messy middle" of change.
How to think differently about work as part of a fulfilling retirement.
Memorable Quotes "Retirement is not about keeping busy. It's about living meaningfully and purposefully every day." — Patrice Jenkins "Work gave you structure, identity, and purpose — but your next chapter can too. It just takes intention." — Patrice Jenkins "Perhaps work kept you so busy that you forgot what you used to love. It's time to remember." — Patrice Jenkins "You don't have to figure out your whole retirement — just the next two years." — Dan A Takeaway Exercise
The 'What Lit You Up?' Reflection
Grab a pen and a notebook. Reflect and jot down:
What activities made you lose track of time when you were 10 years old?
What hobbies or interests did you abandon during your working years?
What would you do with a free afternoon if no one was watching?
Circle one that sparks excitement and design a small experiment to try it out in the next two weeks!
A Final Thought
Retirement isn't the end of the story, it's the beginning of a new one.
The key isn't to stay busy; it's to stay true. Stay curious. Stay purposeful.
Whether you're months away from retirement or years in, there's always an opportunity to dream, to experiment, and to build a life you're excited to wake up to.
Stay Connected
If you enjoyed this episode, please:
Subscribe to The Humans vs Retirement Podcast wherever you listen to podcasts
Leave a rating and review, it really helps!
Share this episode with someone who's thinking about (or struggling with) their retirement journey.
The Four Phases of Retirement with Dr. Riley Moynes
01 Apr 2025
00:52:58
Summary
In this powerful and insightful episode, I sit down with Dr. Riley Moynes, author, speaker, and creator of the viral TED Talk on "The Four Phases of Retirement," which has amassed nearly 5 million views. Together, we unpack why retirement is far more of a human problem than a financial one, and why so many retirees struggle despite having "enough" money.
Riley shares the emotional, psychological, and personal transitions that retirees face and offers an actionable framework to help listeners navigate their post-work lives more meaningfully.
What You Will Learn
The Four Phases of Retirement and why most people will experience them.
Why retirement is not just a financial challenge but a deeply human one.
The common emotional and psychological struggles retirees face.
How retirees can proactively prepare for the non-financial aspects of retirement.
The importance of purpose, identity, relationships, and service to others in retirement.
How to avoid becoming a "statistic" in retirement dissatisfaction.
Key Topics Discussed
Dr. Riley Moynes' personal career journey and how he developed the Four Phases of Retirement.
Why traditional financial services fail to prepare people for the real challenges of retirement.
A deep dive into each of the Four Phases:
The Vacation Phase – The early, carefree, "holiday" phase of retirement.
The Loss and Lost Phase – The period of disillusionment marked by loss of purpose, identity, relationships, and routine.
The Trial and Error Phase – The experimental stage of trying new activities, facing failures, and re-finding purpose.
The Reinvent and Rewire Phase – The fulfilling phase where retirees give back, often through service, and thrive with renewed purpose.
The emotional impact of retirement and why depression, divorce, and dissatisfaction spike for many retirees.
The predictable pattern of retirement struggles and why awareness is key.
Why simple joys and purposeful service are at the heart of a successful retirement.
Your Unique Ability Reflection Dr. Moynes recommends this simple but powerful exercise:
Write down the top 5 things you love to do and know you do really well.
Reflect on 5 key wins, successes, or achievements in your life so far.
Look for patterns and connections between the two lists. Ask yourself:
Can I apply these skills, passions, or experiences to new areas in retirement?
How can I use these to serve others and find fulfillment?
This introspection can help you transition into the most meaningful phase of retirement.
A Final Thought
Retirement is not a finish line, it's a transition into one of the most complex and potentially fulfilling stages of life. But it requires intentionality, emotional awareness, and often hard inner work. As Dr. Moynes reminds us, it's not about endless vacations or financial spreadsheets; it's about redefining purpose, reconnecting with joy, and ultimately serving something bigger than yourself.
Retirement is a human challenge, not a maths problem. The sooner you embrace that, the smoother and more fulfilling your transition will be.
📩 Enjoyed the episode? Leave a review and let us know your biggest takeaway!
The Ikigai Way: How to Uncover Your Purpose with David Marlow
25 Mar 2025
00:59:50
Episode Summary
In this inspiring and heartfelt episode, I sit down with David Marlow, veteran leader, coach, and author of The Ikigai Way to explore how the ancient Japanese concept of Ikigai can powerfully guide us into a more fulfilling and purposeful retirement. From personal stories of career transitions to uncovering identity after work, David shares how aligning our inner essence with what we do can transform our experience of aging, retirement, and meaning in life.
What You'll Learn
What Ikigai really means (beyond the Instagram-friendly Venn diagram)
How to align your essence and purpose with daily life, before and after retirement
The power of experimenting, curiosity, and continuous self-discovery
How to reframe retirement from "ending" to "uncovering"
Practical tools and reflections to help you discover your own Ikigai
Key Topics Discussed
David's winding journey from disc jockey to Marine to transformation leader, and how Ikigai was always there
Redefining purpose outside of career or job titles
The emotional transition into retirement and how to handle the "grief" of identity loss
Why older adults are uniquely primed for deep reflection and discovering Ikigai
The mental and physical health benefits of having a clear sense of purpose
How to use Ikigai as both a lens and a mirror in your second half of life
Shifting from rigid goals to aspirational living
The importance of community, relationships, and intergenerational mentoring
Books & Resources Mentioned
The Ikigai Way by David Marlow – A modern guide to discovering your essence and purpose
David's newsletter: IkiQuest on Substack – Daily reflections and community around Ikigai
Falling Upward by Richard Rohr – Discussed in reference to life's two halves and spiritual maturity
Whether you're five years away from retirement or already navigating the transition, this episode reminds us that purpose doesn't end when work does. With small steps and deep reflection, you can uncover a life of fulfillment, alignment, and joy—your Ikigai.
📩 Enjoyed the episode? Leave a review and let us know your biggest takeaway!
S6 Ep 94 - Tax, Death and Rock 'n' Roll
22 Oct 2025
00:10:43
Tax. Death. Legacy. Three words that make most people squirm, but avoiding them doesn't make them go away. In this unapologetically bold and surprisingly uplifting episode, I turn the "taboo trifecta" into a conversation about freedom, meaning, and going out with style.
You'll learn how to make tax and inheritance planning feel less like a funeral march and more like an encore. Because facing the end isn't morbid, it's empowering. And when you deal with your legacy intentionally, you stop hoarding, start living, and find your encore energy.
What You'll Learn
Why avoiding tax and death planning just creates chaos for the people you love
Smart, simple ways to reduce tax without making life smaller
Why trying to pay zero tax can actually limit your freedom
The five essentials of facing mortality like a grown-up (and a rockstar)
Why legacy is about memories, not just money
How to turn your final chapter into something worth celebrating
Challenge of the Week
👉 Complete one "Rock 'n' Roll Legacy Task."
Pick one:
Update your will
Create or add to your Death File (accounts, wishes, passwords, etc.)
Book a review of your tax and inheritance plan
Write a letter to your future heirs
Plan a Memory Dividend event — a trip, gathering, or moment you'll fund with joy
You don't have to finish everything. Just start.
Because the ultimate act of love isn't what you leave behind, it's the clarity you leave people with.
Resources & Mentions
The Death File — Dan's "love on paper" concept for legacy admin
Memory Dividends — Inspired by Bill Perkins' Die With Zero
Next Episode
Coming up in Episode 9: The Retirement Reinvention Curve: The Emotional Sh*tstorm You Didn't See Coming
We'll unpack the real emotional rollercoaster of retirement, from the initial high to the inevitable dip, and explore how to rebuild and reignite your sense of purpose, identity, and joy.
The Retirement Mindset Shift with Lindsay Troxell
15 Mar 2025
01:07:54
Episode Summary
Retirement isn't just a financial transition, it's a psychological and emotional one, too. In this episode of Humans vs. Retirement, I sit down with Lindsay Troxell, a coach and life planner who has been at the forefront of shifting the financial industry's focus toward a more human-first approach.
Lindsay shares powerful insights on mindset, identity, and habits, and why most people unknowingly experience an identity crisis in retirement. Lindsay and I explore how to reshape your beliefs, redefine purpose, and build new habits for a fulfilling second half of life.
If you've ever asked yourself: Who am I without my job title? How do I retire with meaning? or Why does retirement feel like a letdown?, this episode is for you.
What You'll Learn in This Episode
Why retirement isn't just about money—and why financial security alone won't make you happy.
How habits and mindset shape your retirement experience (and how to rewire them).
The common identity crisis retirees face—and how to navigate it with confidence.
Why traditional financial planning treats retirement as a math problem, when it's actually a human challenge.
How to develop purpose, fulfillment, and structure in retirement.
The importance of coaching and why having a financial plan isn't enough.
How Lindsay's business, Discretionary Inc., helps child-free entrepreneurs create a unique life plan that reflects their values and goals.
Key Topics Discussed
[00:02] – Introduction & Catching Up
Lindsay's background in financial coaching and life planning.
The shift from numbers-focused planning to a holistic, human-first approach.
[00:10] – The Mindset Shift for Retirement
Why people treat retirement as a math problem (and why that's wrong).
The emotional journey of retirement—why so many people feel lost after stopping work.
The three-dimensional approach to retirement: wealth, health, and identity.
[00:25] – Identity & Purpose in Retirement
The biggest identity crisis retirees face (losing structure, title, and purpose).
Why your identity is more than your job title.
The "retire with" framework: What are you bringing into retirement?
[00:40] – Mindset, Habits & Breaking Old Patterns
How beliefs shape our retirement experience.
The role of growth mindset and beginner mindset in reinvention.
The importance of failure and experimentation in building a fulfilling retirement.
[00:55] – Retirement & Relationships: The Gray Divorce Trend
How retirement impacts marriages and partnerships.
The rising trend of gray divorce (and why couples struggle post-retirement).
The three journeys: Your individual path, your partner's path, and your shared path.
[01:10] – The Future of Retirement & Financial Planning
Why coaching is the missing link in financial planning.
How financial professionals need to adapt their services to serve clients better.
Lindsay's business Discretionary Inc. and why child-free entrepreneurs need specialized financial and life planning.
[01:25] – Final Takeaways
Why the traditional retirement model is outdated and needs to evolve.
Practical steps to redefine your mindset and habits for a more fulfilling life.
Lindsay's best advice for people approaching retirement.
Books & Resources Mentioned
Books:
The Psychology of Money – Morgan Housel
Mindset: The New Psychology of Success – Carol S. Dweck
Let Them – Mel Robbins
Meditations – Marcus Aurelius
Letters from a Stoic – Seneca
The Bhagavad Gita – Hindu Philosophy on Purpose & Duty
Research & Studies:
Retirement & Depression: 40% increased risk of depression in retirees.
Gray Divorce Trends: Divorce rates for 60+ have risen from 9% (1990) to 40% (recent years).
📩 Enjoyed the episode? Leave a review and let us know your biggest takeaway!
Behaving Your Way to a Better Retirement with Greg Davies
07 Mar 2025
01:04:33
This is episode 75! And I'm thrilled to introduce my guest today. He is a true pioneer in the field of behavioural finance, Dr. Greg Davies.
Greg is the Head of Behavioural Finance at Oxford Risk and has spent his career shaping how we understand investor psychology, financial decision-making, and the emotional complexities that come with managing money—especially in retirement.
In this episode, we'll explore the behavioural traps that retirees often fall into, how to build financial resilience, and why understanding your own psychology is just as important as having a well-structured portfolio.
Throughout our conversation, Greg and I explore the multifaceted aspects of retirement planning, emphasizing the importance of guaranteed income and its psychological benefits.
We discuss how behavioural finance plays a crucial role in spending habits during retirement, the impact of inflation on purchasing power, and the distinction between risk and volatility in investment strategies.
We also touch on future trends in retirement planning, particularly the potential need for and benefits of health insurance and a shift in focus from bequest to spending during retirement.
Key Takeaways
Greg Davis shares his journey from economics to behavioral finance.
Behavioral finance combines psychology, economics, and finance.
The importance of practical applications of behavioral science in finance.
People often make poor financial decisions due to cognitive biases.
Simplifying complex financial concepts is crucial for better decision-making.
Emotional comfort plays a significant role in financial decisions.
Retirement planning today is more complex than in previous generations.
Technology can help simplify financial decision-making processes.
Understanding personal values is essential for effective retirement planning.
The removal of guaranteed income streams complicates retirement planning.
Financial advisors often overlook the emotional aspects of retirement planning.
Guaranteed income can alleviate fears of running out of money.
Behavioral finance significantly influences spending habits in retirement.
People with guaranteed income tend to spend more comfortably.
Inflation poses a significant risk to retirement savings.
Understanding the difference between risk and volatility is crucial for investors.
Many retirees are too conservative with their investment strategies.
Health insurance will become increasingly important in retirement planning.
The focus of retirement planning is shifting from bequest to spending.
Planning for retirement should consider both financial and emotional factors.
Chapters
00:00 - Introduction to Greg Davis and His Journey 01:22 - The Intersection of Behavioral Science and Finance 05:45 - Building a Behavioral Finance Team at Barclays 10:53 - Understanding Behavioral Challenges in Retirement 21:57 - Navigating Retirement in a Complex World 29:50 - The Emotional and Financial Aspects of Retirement Planning 32:04 - The Role of Guaranteed Income in Retirement 36:16 - Behavioral Benefits of Guaranteed Income 40:05 - Real-Life Impacts of Guaranteed Income 44:23 - Inflation and Its Impact on Retirement Planning 48:37 - Understanding Risk vs. Volatility in Investments 57:27 - Future Trends in Retirement Planning
How to Build Retirement Intelligence with Bob Laura
27 Feb 2025
01:02:53
Bob is a pioneer in the psychology and social science of retirement. He is a five-time best-selling author, nationally syndicated columnist and recognized presenter at retirement conferences across the US. He is the founder of the Retirement Coaches Association, Certified Professional Retirement Coach Designation and Retirement Intelligence Assessment. His work has reached millions of retirement readers through seven books, twelve guides, and over 800 articles. In addition to his own writings, he frequently appears in major business media outlets such as the Wall Street Journal, USA Today, CNBC, MarketWatch, the New York Times, and more.
As a former social worker turned retirement expert and author, he has found that retirement is among the most fascinating, yet least understood, phases of life. As a result, he has developed a powerful message to tackle the mental, social, physical, spiritual, and financial aspects of retirement.
In this episode Bob and discuss the common misconceptions about retirement, the rise of grey divorce, and the importance of pre-retirement planning. We also tackle some tricky subjects and highlight the dark side of retirement, including loneliness and addiction, and the necessity of establishing new routines to maintain mental health and social connections post-retirement.
Bob discusses the evolving concept of retirement, emphasising the importance of identity, purpose, and personal fulfilment over financial wealth and he introduces the Retirement Quotient framework, which assesses readiness for retirement through various personal dimensions, including emotional and spiritual well-being.
Key Takeaways
Retirement planning should focus on the individual, not just finances.
Many retirees experience a drop in social interactions.
Pre-retirement planning is crucial for a successful transition.
The 'honeymoon phase' of retirement can lead to disillusionment.
Loneliness and addiction are significant issues in retirement.
Couples often struggle with identity and purpose post-retirement.
Establishing new routines is essential for mental health.
Workaholism can hinder the retirement experience.
Communication between partners is vital for a successful retirement.
Retirement should be planned as a new chapter, not an end. The new wealth is found in work-life balance and connections.
Retirement amplifies who you already are, not who you want to be.
Maslow's hierarchy applies to retirement, focusing on self-actualization.
Retirement requires a proactive framework for success.
The Retirement Quotient assesses personal readiness for retirement.
Understanding personal traits is crucial for retirement planning.
Retirement is an empty bucket that needs to be filled meaningfully.
Mindset and habits are essential for a fulfilling retirement.
Stop waiting for retirement to start living your values.
The only guarantee in retirement is the inevitability of death.
The Scarcity Trap: How to Shift to a Prosperity Mindset in Retirement with Leisa Peterson
14 Feb 2025
01:00:23
Today I welcome Leisa Peterson to the show, Leisa is the author of The Mindful Millionaire in which she writes brilliantly about overcoming scarcity, experiencing true prosperity and creating the life you really want.
Leisa is on a mission to help 1,000,000 people elevate their financial consciousness by realizing their true value and creating greater financial security for themselves.
As a money coach, business consultant and spiritual teacher, Leisa host's the Mindful Millionaire podcast as well as virtual workshops and transformative retreats.
Her masterful blend of sound financial strategy and mindfulness training helps people break free of patterns of lack, scarcity and money fears, allowing them to finally lead the rewarding, fulfilling, and abundant lives they most desire.
Leisa has appeared in The Wall Street Journal, Forbes and The Huffington Post to name a few and has been featured on many podcasts and radio shows.
In this great conversation Leisa and I explore the intricate relationship between money, mindset, and personal values. Leisa shares her journey from a life of scarcity to becoming a mindful millionaire, emphasizing the importance of understanding one's emotional connection to money.
We discuss how past experiences shape financial behaviours, the significance of cultivating a prosperity mindset, and the role of mindfulness in overcoming financial fears.
We explore the importance of slowing down to make better financial decisions, aligning spending with personal values, and confronting financial realities. There is also some great nuggets of wisdom as we talk about the normalization of financial fears, the impact of past money stories, and the process of rewriting financial narratives.
And make sure you listen in as Leisa introduces her, I Prosper process, which integrates mindfulness and emotional wellbeing into financial planning, ultimately leading to a reinvention of life and relationships.
Key Takeaways
The journey from scarcity to abundance is transformative.
Understanding your money mindset is crucial for financial well-being.
Mindset is deeply emotional, not just logical.
Focusing on what you have can shift your perspective.
Redefining success involves aligning values with financial decisions.
Life events can catalyze significant changes in financial perspectives.
Fear often drives financial decisions and behaviors.
Storytelling can make financial planning more relatable and effective.
Mindfulness practices can help manage financial anxiety.
Emotional awareness is key to enjoying life and spending money.
Slowing down is essential for better decision-making.
Aligning spending with personal values can enhance fulfillment.
Confronting financial realities can be daunting but necessary.
Normalizing financial fears helps in addressing them.
Understanding past money stories can reveal limiting beliefs.
Rewriting financial narratives is possible at any stage of life.
The I Prosper process offers a holistic approach to financial planning.
Reinventing life involves prioritizing meaningful relationships.
Every moment of life is precious and should be cherished.
Mindfulness in financial planning can lead to emotional wellbeing.
The I PROSPER® Framework Leisa's 8-step process to help individuals transform their relationship with money. More details can be found here: https://www.wealthclinic.com/i-prosper-process/
Lessons & Insights From a REAL Retirement Journey with Julian Hince
31 Jan 2025
01:03:04
Summary
Welcome to a very special episode 72 of The Humans vs Retirement Podcast…
Why is it special I hear you say…
Well, its special because it's a real retirement story and journey as I have a conversation with my wonderful client Julian Hince.
Whilst I love bringing expert opinions to you I think nothing hits home and resonates more than a real story of someone who has been through and is living through his own retirement journey.
As a bit of background to our conversation, Julian recently retired after a long career in financial services. He shares his journey towards retirement, discussing the emotional challenges he faced, the importance of seeking help, and the misconceptions surrounding how much is enough. He emphasizes the need to have open honest and vulnerable conversations about money and the emotional aspects of retirement planning, highlighting that retirement is not just about finances but also about finding purpose and identity in this new phase of life.
Julian shares inspirational insights and experiences on his journey to retirement, emphasizing the importance of financial advice, emotional preparation, and the joy of spending time with family. He discusses the transformative freedom retirement brings, the significance for him of giving back to the community, and the need for having accountability in managing his retirement finances. Julian also highlights his changing spending patterns in retirement, noting a natural decline his expenses as he becomes more vigilant about his spending. Throughout our conversation he offers first hand valuable advice for those considering retirement, stressing the importance of commitment and professional guidance.
Key Takeaways
Julian emphasizes the importance of seeking help when planning for retirement, even for those in the financial industry.
The emotional aspects of retirement are as crucial as the financial ones, and should not be underestimated.
Many people have misconceptions about how much money is needed for retirement, often influenced by outdated benchmarks.
Julian's journey involved making sacrifices, such as selling possessions, to achieve his retirement goals.
The transition to retirement can be emotionally challenging, requiring individuals to find new purpose and identity.
Conversations about money and retirement are often avoided, leading to misinformation and fear.
Julian found joy in decluttering his life, realizing that material possessions held less value than his newfound freedom.
The journey to retirement is ongoing, with emotional ups and downs that need to be navigated.
It's important to think beyond the initial excitement of retirement and consider long-term fulfillment.
Julian's experience highlights the need for a new generation to redefine retirement planning in a changing financial landscape. You might be surprised at how much is enough financially.
Don't underestimate the emotional impact of retirement planning.
Engaging with a professional can provide invaluable support.
Spending time with family is one of the biggest joys of retirement.
Loneliness is a significant issue for the elderly.
Creating memories is more important than just focusing on money.
Being vigilant about spending can lead to significant savings.
Retirement allows for more time to focus on personal passions.
Giving back to the community can enhance personal fulfillment.
Accountability is crucial in managing retirement finances.
Chapters
00:00 - Introduction to Julian's Retirement Journey 01:56 - Julian's Career in Financial Services 04:31 - The Decision to Seek Help 06:37 - Understanding the Emotional Aspects of Retirement 09:53 - Challenging Preconceptions About Retirement Savings 12:58 - The Importance of Conversations About Money 15:58 - Making Sacrifices for Retirement 19:37 - The Joy of Letting Go of Material Possessions 22:38 - Surprises in the Transition to Retirement 24:56 - Navigating Emotional Challenges 27:52 - The Ongoing Journey of Finding Purpose 30:50 - Breaking the Silence on Retirement Finances 32:09 - Lessons Learned on the Retirement Journey 34:05 - Embracing Freedom and Family 36:40 - The Joy of Giving Back 39:10 - The Importance of Accountability 44:47 - Finding Purpose in Retirement 49:05 - Understanding Spending Patterns in Retirement 56:43 - Top Advice for Future Retirees
How to Make Better Choices in Retirement with Richard Shotton
25 Jan 2025
01:02:06
Summary
In this episode I get to chat with author and behavioural scientist, Richard Shotton.
Richard specialises in how humans make choices and has written 2 excellent books on this subject, the choice factory and the illusion of choice. He further specialises on applying findings from psychology and behavioural science to how businesses market their services and why consumers buy stuff
In this episode, Richard discusses the intersection of behavioural science and marketing, particularly in the context of how people make spending decisions in retirement. He shares insights from his research and experiences, highlighting the importance of fairness, social proof, and the emotional aspects of financial choices.
Our discussion also emphasizes the benefits of spending on experiences and others, as well as the challenges individuals face in transitioning from saving to spending during retirement.
Richard and I explore the complexities of retirement planning, focusing on behavioural economics and the psychological factors that influence spending habits. We discuss the importance of making financial decisions easier, and the impact of loss aversion on retirees' spending behaviours. We also delve into the paradox of choice and how an abundance of options can lead to decision paralysis.
Key Takeaways
Behavioral science can significantly improve marketing effectiveness.
Fairness influences decision-making, often leading to suboptimal choices.
Social proof plays a crucial role in financial decisions, especially in retirement.
People often focus too much on outcomes rather than the decision-making process.
Experiential spending tends to yield greater happiness than material purchases.
Generosity in spending can enhance personal happiness.
Expectations can heavily influence our experiences and satisfaction with purchases.
Consistency bias can hinder the transition from saving to spending in retirement.
Nudges can effectively guide individuals towards better financial choices.
Understanding behavioral biases is key to making informed decisions. The shift in saving defaults has significantly influenced saving habits.
Making financial decisions easier can lead to better outcomes.
Loss aversion plays a crucial role in how people spend their money.
People are more likely to spend from guaranteed income than from capital.
The paradox of choice can hinder decision-making in retirement planning.
Financial advisors should use simple language to communicate effectively.
Concrete stories are more memorable than abstract concepts in financial advice.
Visualizing retirement can help individuals make better financial decisions.
Defaults in financial products can greatly impact consumer behavior.
Understanding and leveraging biases can improve financial planning outcomes.
Chapters
00:00 - Introduction to Behavioral Science in Marketing 06:01 - Social Proof and Herd Mentality in Retirement 12:10 - Spending Money Wisely: Experiences vs. Material Goods 17:53 - The Importance of Generosity in Spending 28:10 - Consistency Bias in Retirement Spending 36:02 - Behavioral Insights on Spending and Saving 42:10 - Navigating the Paradox of Choice 50:02 - Effective Communication for Financial Advisors
In this episode of The Humans vs Retirement Podcast is get to chat with Susan Latremoille
Susan is a certified Retirement Coach (CPRC) and the author of The RichLife – Managing Wealth and Purpose, It's Not Just about the Money – The Whole Life Approach to Wealth Management, and co-author – Thriving Throughout Your Retirement Transition.
Susan spent over 35 years as a wealth advisor assisting clients to financially plan for their retirement. She saw a common thread among her clients. Having enough money to retire was only a piece of the retirement puzzle. It was the non-financial side that had the greatest impact on the predictability of a successful retirement. That's when Susan decided to launch next chapter lifestyle advisers, a retirement lifestyle consulting business that helps individuals and families create a retirement lifestyle plan
In our conversation Susan discusses her transition from a financial advisor to focusing on the non-financial aspects of retirement planning through her company, Next Chapter Lifestyle Advisors. She shares insights on the importance of understanding your life journeys and the concept of a 'rich life' that encompasses living well, giving back, and leaving a legacy.
Susan introduces the idea of a happiness portfolio, which includes eight non-financial areas of life that contribute to a fulfilling retirement. Our conversation emphasizes the need for a holistic approach to retirement planning that goes beyond numbers to include personal fulfillment and purpose.
Susan and I discuss the multifaceted aspects of retirement, emphasizing the importance of leisure, the dynamics of relationships, and the necessity of planning for a fulfilling next chapter in life. We explore the challenges retirees face in managing their time, setting boundaries, and maintaining social connections, while also advocating for a shift in perspective from traditional retirement to a more vibrant and purposeful next chapter.
Key Takeaways
Many retirees are not as happy as they expected.
Understanding the life journey is crucial for retirement planning.
The rich life mantra includes living well, giving back, and leaving a legacy.
Purpose is essential for a fulfilling life after retirement.
A happiness portfolio consists of eight non-financial areas of life.
Retirement can bring challenges in personal relationships.
Leisure is just one aspect of a fulfilling retirement.
Self-understanding is the first step in retirement planning.
Accountability is key to implementing a retirement plan.
Leisure is a vital part of retirement planning.
Changing relationships require open communication.
Hedonic adaptation can diminish the joy of leisure activities.
Structuring time is essential for a fulfilling retirement.
The retirement honeymoon phase should be managed carefully.
Setting boundaries is crucial to avoid overcommitment.
Planning for the next chapter is as important as financial planning.
Retirement should be reframed as a new beginning.
Storytelling is more impactful than numbers in retirement planning.
Communication about expectations can enhance family dynamics
Sound Bites
"Live well, give back, leave a legacy." "Purpose is a human need that we all need." "It's a very individual journey." "Leisure is such a vital part." "You need to really think about it." "It's vital to communicate your boundaries." "We need to retire the word retirement." "We are storytellers over spreadsheets." "Make a plan for your next chapter."
Chapters
00:00 - Introduction to Next Chapter Lifestyle Advisors 05:23 - The Shift from Financial to Non-Financial Planning 10:31 - Understanding the Rich Life Mindset 17:00 - Building a Happiness Portfolio for Retirement 24:50 - The Importance of Leisure in Retirement 27:13 - Navigating Changing Relationships 29:47 - The Reality of Leisure Activities 33:01 - Structuring Time in Retirement 35:57 - The Retirement Honeymoon Phase 38:56 - Setting Boundaries and Communication 43:06 - Reframing Retirement: A New Perspective
In this conversation, Jordan shares his journey from being a physician to discovering the importance of purpose in life, particularly in retirement.
He discusses the paradox of purpose, the difference between Big P and Little P Purpose, and how societal expectations can lead to anxiety around finding purpose.
Jordan emphasises the need to create and build purpose rather than simply searching for it, and highlights the importance of community and connections in achieving fulfillment and happiness.
Jordan and I explore the concepts of purpose, identity, and the flawed notion of retirement. We discuss how individuals often strive for external validation through accomplishments, but true fulfillment comes from understanding one's identity and engaging in meaningful activities. Our discussion emphasises the importance of time over money, the impact of little-p purpose in life, and the common regrets people have at the end of their lives.
Ultimately, Jordan encourages you to focus on the journey of life rather than the destination, and to seek out what truly lights you up.
Key Takeaways
Purpose is essential for a fulfilling life, especially in retirement.
Big P Purpose can lead to anxiety and frustration.
Little P Purpose focuses on the process and is more attainable.
Creating purpose involves identifying what lights you up.
Community and connections are vital for happiness.
People often replace work-based purpose with similar frameworks in retirement.
Meaning is about understanding our past, while purpose is about present actions.
Happiness comes from both meaning and purpose working together.
Investing in personal passions can inspire others, especially children.
The journey to enoughness is crucial for finding true fulfillment. We often strive for external validation through accomplishments.
True fulfillment comes from understanding our identity.
Retirement should be viewed as a journey, not a destination.
Time is always more important than money.
Money is a tool, but little-p purpose moves the needle.
Many people regret not pursuing their true passions.
Success is less important than the effort and journey.
Living with purpose can lead to a peaceful end of life.
We should focus on what lights us up in life.
The concept of enough is often smaller than we think.
Sound Bites
"We need to put purpose first." "Big P Purpose is associated with anxiety." "Little P Purpose focuses on process, not goals." "You have to build and create purpose." "Purpose is a conduit to people." "Happiness is meaning and purpose together." "You can't purpose your way to enough." "Identity is based not on goals, but on actions." "Retirement is a flawed concept." "Money is a mirage."
Chapters
00:00 -Introduction to Purpose and Identity 02:31 - Jordan's Journey: From Doctor to Purpose Advocate 06:57 - The Paradox of Purpose: Anxiety vs. Fulfillment 12:39 - Big P vs. Little P Purpose: Understanding the Difference 16:31 - Creating Purpose in Retirement: The Challenge Ahead 20:52 - Building Community Through Little P Purpose 27:40 - Meaning vs. Purpose: The Journey to Enoughness 30:29 - Finding Meaning Beyond Striving 31:56 - The Challenge of Identity 34:04 - Redefining Retirement as a Journey 39:26 - The Value of Time Over Money 42:05 - The Impact of Little-P Purpose 46:27 - Regrets and Lessons from the Dying
Welcome to a special end of 2024 solo episode of the Humans vs. Retirement podcast!
This year there has been 40 episodes of the podcast released and I'm touching on 90,000 downloads, which blows my mind! I have been so lucky to have conversations with amazing guests and the feedback has been so humbling to hear.
So, I want to take a moment to thank each and every one of you for joining me on this journey. Whether you've tuned in to one episode or every single one, I'm so grateful for your support and the incredible conversations we've shared together this year.
And if you haven't yet had time to leave a review and rating then best Christmas present you could give me would be to leave one! It really helps spread the word!
As I look back at 2024, I want to share some highlights from the past 12 months, touch on the common themes that emerged, and leave you with five key takeaways that I hope will resonate as you reflect on your own journey
Reflecting on 2024: Highlights & Themes
This year has been such a meaningful one for the podcast. Together, we've explored the realities of retirement, challenged common assumptions, and learned from so many insightful guests. Here are some highlights and recurring themes from our episodes this year:
The Emotional Side of Retirement: We learned that retirement isn't just about financial planning—it's also about preparing emotionally. Guests shared how identity, purpose, and connection play vital roles in creating a fulfilling retirement.
Finding Purpose Post-Retirement: A recurring message from our conversations was the importance of rediscovering purpose, whether it's through volunteering, pursuing hobbies, or starting new ventures.
Navigating the Challenges of Change: Many of our guests spoke candidly about the challenges they faced transitioning into retirement, from redefining routines to managing relationships.
Health as the Foundation: Health and well-being emerged as central themes, with our guests emphasizing the need to invest in both physical and mental health to make the most of retirement.
The Power of Community: Lastly, we often heard about the value of building and maintaining strong social networks during retirement—it's truly a time when connections matter more than ever
Five Big Takeaways from 2024
As we wrap up this incredible year, I want to leave you with five key takeaways from the conversations we've had on the podcast:
Retirement Is a Transition, Not a Destination: It's a process, not a single moment. Give yourself grace as you navigate this new chapter.
Purpose Doesn't Retire: Finding new ways to contribute, grow, and enjoy life is essential to a fulfilling retirement.
Plan Beyond the Finances: A solid financial plan is important, but don't neglect your emotional and social planning.
Stay Curious: This is your time to explore, learn, and embrace new experiences. Stay curious about the possibilities ahead.
Invest in Relationships: Relationships—both new and old—will be your greatest source of joy and support in retirement. Nurture them.
What does 2025 look like for you?
My team and I are looking to help 15 new families this year, so if you are based in the UK, thinking about your retirement in the next few years and want to explore working with me to plan and live your dream second half of life then please use the link below to book in a time for us to chat early in the new year.
Of course we must be a right fit to work together on this very important phase of life so please fill in the form when clicking on the link and if we are a good fit then you will be able to book in a slot in my diary for us to chat.
Happy Holidays!!
Before I sign off, I just want to say thank you once again for being part of this journey with me. Your support, feedback, and enthusiasm mean the world, and it's been a privilege to share these conversations with you throughout the year.
As we head into the holiday season, I hope you take time to celebrate, relax, and connect. I'm wishing you a very Merry Christmas and a wonderful start to the New Year.
Here's to an exciting 2025 filled with new adventures, meaningful conversations, and continued growth. I've already got some brilliant episodes recorded and cracking guests lined up so I cannot wait to see you next year!
How to Retire with Christine Benz
29 Nov 2024
01:01:12
Summary
In this episode, I'm thrilled to welcome back to the show Christine Benz as we delve into her best selling book How to Retire: 20 Lessons For a Happy, Succesful, And Wealthy Retirement.
When Christine was a guest on the podcast in ep 36 back in March of this year, her book had not yet been released but we did get a sneak peek into what she had in store for us.
Now, having got my hands on a copy and seeing how successful the book has become I wanted to get Christine back on the show to talk about my 5 favourite chapters or lessons from the book. So, stay tuned as we discuss
Laying the groundwork with Fitz Gilbert
Creating a spending plan with Jonathan Guyton
Permission to spend on what matters most with Ramit Sethi
Structuring portfolios for cashflow by Christine herself
Leave no regrets with Jordan Grummet
Throughout our conversation Christine and I explore the multifaceted aspects of retirement, focusing on the importance of mindful spending, the balance of time, money, and health, effective cash flow strategies, and the significance of purpose in life. We discuss how individuals can align their spending with their values, the psychological benefits of structured cash flow, and the necessity of reflecting on life to avoid regrets.
Key Takeaways
Retirement is a unique life stage that requires thoughtful planning.
Visualizing how to use retirement years is crucial.
Financial resources should support lifestyle choices in retirement.
People often underestimate the complexities of retirement planning.
A holistic approach to retirement includes both financial and non-financial aspects.
Laying groundwork involves both financial and personal preparations.
Experiencing mini-retirements can provide valuable insights.
Flexible spending strategies are essential for adapting to life changes.
Non-portfolio income sources can enhance financial security in retirement.
Understanding the behavioral aspects of spending can improve retirement planning.
Mindful spending aligns with personal values.
Revisiting values annually is crucial for retirees.
Cash flow strategies provide peace of mind in retirement.
Purpose in life can be cultivated through small actions.
It's important to enjoy the journey of life.
People regret not attempting rather than failing.
Elevating your worry-free number can reduce stress.
Understanding the balance of time, money, and health is essential.
Small P purposes can lead to a fulfilling retirement.
Time is a non-renewable resource that should be valued.
Sound Bites
"This is a really special life stage." "Use your time wisely, use it thoughtfully." "You need a unified vision for retirement." "Mini retirements can be really impactful." "Flexible spending strategies are essential." "Non-portfolio income sources are important." "Spending feels better than saving." "Spending your money on what matters to you." "Elevate your worry-free number." "Purpose is not found, it's created." "We regret not attempting, not failing."
Chapters
00:00 - Introduction to Retirement Planning 03:13 - The Essence of Retirement: Time and Vision 06:00 - The Complexity of Retirement: Balancing Finances and Purpose 08:55 - Laying the Groundwork for Retirement 12:05 - Experiencing Mini-Retirements 21:05 - Creating a Flexible Spending Plan 29:30 - The Importance of Spending Mindfully 36:30 - Understanding Time, Money, and Health Balance 42:15 - Cash Flow Strategies for Retirement 48:42 - Leaving No Regrets: Embracing Purpose in Life
S6 Ep 93 - Your Retirement Plan is a Lie (But You Still Need One)
15 Oct 2025
00:11:26
Most people treat retirement planning like an Olympic sport, building spreadsheets, forecasting returns, and trying to engineer certainty in a world that's anything but certain. But here's the truth: no plan survives contact with real life.
In this episode, I unpack why traditional retirement plans often do more harm than good, creating false security, stifling adaptability, and ignoring the human side of money. You'll learn why the best retirement plan isn't a fixed prediction, but a living process that evolves with you. Because the plan isn't the point... You are.
What You'll Learn
Why most traditional retirement plans fail (and how they create false security)
The difference between planning and plans, and why adaptability wins every time
The 5 elements of a Living Plan that actually work in the real world
How to balance numbers with meaning and flexibility with confidence
The question every retiree should ask: "Is my plan protecting me, or preventing me from living?"
Challenge of the Week
👉 Audit your plan — or your mindset about planning.
Ask yourself:
Is my plan giving me clarity, confidence, and control, or just false certainty?
Where am I clinging to a version of the future that no longer fits?
What's one thing I could loosen, update, or rethink to make my plan feel more alive and aligned with who I am today?
You don't need to tear it up. Just tune it up, so it becomes a compass, not a cage.
Resources & Mentions
Quote: James Clear — "You don't rise to the level of your goals. You fall to the level of your systems."
The Living Plan Framework: values-led, flexible, regularly refreshed, guardrails-based, emotionally supportive
Next Episode
Coming up in Episode 8: Tax, Death, and Rock 'n' Roll
Yes, we're going there. I dive into tax planning, inheritance, and legacy design… but without the doom and gloom. Expect honesty, humour, and a fresh take on how to make your final chapter feel meaningful... not morbid.
The Soul of Wealth with Dr Daniel Crosby
22 Nov 2024
00:57:22
Summary
In this episode, Dr Daniel Crosby returns to discuss his new book The Soul of Wealth and the concept of soulful wealth, particularly in the context of retirement.
He emphasises that money should serve individuals rather than control them, and highlights the importance of relationships and personal growth in achieving happiness. Our conversation explores the PERMA model, which outlines five facets of flourishing: Positive experiences, Engagement, Relationships, Meaning, and Advancement.
Daniel stresses the need for intentionality in retirement planning, focusing on non-financial elements that contribute to a fulfilling life. He also discusses the limitations of money and the critical role of time management in enhancing well-being.
Throughout our enlightening conversation, Daniel and I explore the intricate relationship between money, happiness, and retirement. We discuss the increasing screen time among retirees, the role of AI in daily life, and how spending money can align with personal values to enhance joy. Our discussion delves into the societal pressures of materialism, the fear of the unknown in retirement, and strategies for managing uncertainty. Ultimately, Daniel emphasises the importance of making conscious financial choices that reflect one's true values and the potential for positive surprises in the future.
Key Takeaways
Money should serve you, not control you.
Strong relationships are key to happiness.
Retirement planning should include non-financial elements.
The PERMA model outlines five facets of flourishing.
Engagement in meaningful activities is crucial in retirement.
Loneliness can have severe health impacts.
Intentionality in spending free time is essential.
Advancement and personal growth should continue post-retirement.
Expectations of retirement can lead to disappointment.
Time management is a powerful tool for happiness. Retirees are increasingly spending time watching television due to newfound free time.
AI should handle mundane tasks, allowing humans to focus on creativity.
Spending money on experiences and relationships can lead to greater happiness.
Aligning spending with personal values is crucial for fulfillment.
Materialism is linked to lower well-being and should be avoided.
Fear of the unknown can hinder retirement satisfaction.
Controlling what you can in finances is essential for peace of mind.
Expect market fluctuations as a normal part of investing.
Positive uncertainty can lead to unexpected joys in life.
Chronic stress is detrimental; managing expectations is key.
Sound Bites
"Money is a servant and not a master." "Relationships are profoundly messy." "Retirement is often put on a pedestal." "Money can't buy us happiness outright." "Time is the ultimate purchase." "We spend our free time on screens." "I want AI to mow my lawn and do my laundry." "Align your spending with your core values." "The Joneses aren't as happy as they seem." "Expect market corrections; they are normal."
Chapters
00:00 - Introduction and Welcome Back 01:13 - Defining Soulful Wealth 05:00 - The Role of Relationships in Retirement 10:08 - Exploring the PERMA Model 14:25 - Creating Opportunities for Advancement 16:18 - The Reality of Retirement Expectations 19:24 - Understanding Money's Limitations 22:12 - The Importance of Time in Retirement 25:58 - The Rise of Screen Time in Retirement 27:47 - The Role of AI in Daily Life 28:44 - Spending Money for Happiness 34:31 - Aligning Spending with Values 37:27 - The Joneses Aren't Happy 42:07 - Confronting the Fear of the Unknown 49:44 - Managing Uncertainty in Retirement
How Our Nervous Systems Impacts Our Retirement with Sheridan Ruth
15 Nov 2024
00:55:32
Summary
In this episode of the Humans vs Retirement podcast, Sheridan shares her inspirational journey through trauma and healing, emphasising the importance of understanding the nervous system's role in our experiences.
Our conversation explores the challenges of modern retirement, likening it to a form of grief, and highlights the need for intentional preparation for this significant life transition. Sheridan and I explore the emotional and psychological aspects of navigating challenges, particularly in the context of retirement and personal growth. We discuss the importance of understanding emotional responses, the necessity of lifelong learning, and the skills required to manage sensations and emotions effectively.
She emphasises the significance of spending money wisely to create lasting memories, the barriers individuals face in changing their spending habits, and the differences in emotional expression between genders. The conversation concludes with actionable insights for listeners to reflect on their own narratives regarding money and life transitions.
Key Takeaways
Sheridan's story illustrates resilience and the power of healing.
The nervous system plays a crucial role in our life experiences.
Modern retirement poses unique challenges for individuals.
Retirement can evoke feelings similar to grief.People often neglect to plan adequately for retirement.
Understanding one's nervous system can aid in emotional regulation.
The transition into retirement can feel lonely and confusing.
Money is a significant factor in how we experience safety and identity.
Intentional preparation for retirement can lead to fulfillment.
This phase of life can be the most rewarding if approached thoughtfully. Your body perceives the threat is too big.
We just haven't given ourselves the tools to deal with challenges.
Every single thing that we avoid is about the sensations it creates.
Being with corporal sensation is a skill that can be learned.
The best retirees are lifelong learners who stay curious.
Learn how to be with more sensations in your body.
Spending money is a skill that no one's ever been taught.
Turn your money into memories rather than just saving.
Your full-time job is now nervous system regulation after retirement.
The biggest blocker to spending is our internal wiring and identity.
Sound Bites
"Sheridan's story is truly inspirational." "The nervous system's job is to keep you safe." "Retirement is like a form of grief." "This is crucial stage of life." "Your body perceives the threat is too big." "We just haven't given ourselves the tools." "Being with corporal sensation is a skill." "The best retirees are lifelong learners." "Turn your money into memories." "The biggest blocker is our internal wiring."
Chapters
00:00 - Introduction and Background 07:50 - Sheridan's Journey Through Trauma 14:57 - Understanding the Nervous System 19:52 - The Challenges of Modern Retirement 26:04 - Retirement as a Form of Grief 28:02 - Understanding Emotional Responses to Challenges 32:15 - The Importance of Lifelong Learning 34:10 - Navigating Sensations and Emotions 35:21 - The Skill of Spending Money Wisely 38:41 - Barriers to Spending and Emotional Vulnerability 41:26 - Nervous System Regulation and Emotional Processing 44:37 - Gender Differences in Emotional Expression 49:27 - Final Thoughts and Homework for Listeners
In this episode of the Humans vs Retirement podcast, I get to have a great conversation with Victoria Barker, co-founder of Beyond Your Career. Beyond Your Career is a programme led by a skilled team of expert coaches, psychologists and neuropsychologists to help ensure a smooth psychological transition from a demanding career, which includes workshops and insights from world-class experts and a supportive community of peers navigating the same transition.
We discuss the challenges of transitioning from demanding careers to retirement, the importance of early planning, and the psychological aspects of identity and purpose. Victoria shares her journey of co-founding Beyond Your Career, driven by her observations of the struggles faced by individuals, particularly men, during this transition.
Our conversation emphasises the need for community support, understanding one's identity beyond work, and the significance of preparing for retirement well in advance.
Victoria and I explore the themes of career transitions, rediscovering passions, and the importance of values in shaping one's purpose. We discuss the courage required to pursue new paths, the common tendency to follow societal expectations, and the significance of introspection in finding fulfillment. Our discussion also highlights the impact of the book 'The Why Cafe' on understanding purpose and the necessity of values as a foundation for personal growth and decision-making.
Key Takeaways
The transition from a demanding career can lead to identity crises.
Planning for retirement should start years in advance.
Community support is crucial during the transition process.
Many individuals struggle with mental health after leaving their careers.
Understanding personal values is key to a fulfilling retirement.
The disconnect between research and real-life experiences is significant.
Men are particularly at risk of struggling with retirement transitions.
It's important to explore who you want to be, not just what you will do.
Life reviews can help identify themes and desires for the future.
Crafting multiple identities can aid in a smoother transition. Reflecting on past aspirations can lead to fulfilling new paths.
Courage is essential for making bold career decisions.
Many pursue roles they think they should, rather than what they want.
Introspection is crucial for understanding personal desires.
Transitioning from full-time work can be gradual and beneficial.
Purpose can be found through exploration and experimentation.
Values serve as the foundation for identity and purpose.
Asking difficult questions can lead to deeper self-awareness.
The journey to purpose often involves trial and error.
It's important to recognize and avoid paths that don't resonate.
Chapters
00:00 Introduction to Beyond Your Career 04:29 The Journey to Co-Founding Beyond Your Career 08:38 Understanding the Transition Process 12:34 Planning for Retirement: The Importance of Early Preparation 18:50 The Disconnect Between Research and Reality 21:46 Identity Crisis: Who Are You After Retirement? 27:57 Crafting a New Identity Post-Career 31:18 Rediscovering Passions and Aspirations 34:49 The Courage to Change Paths 38:13 Questioning the 'Shoulds' in Career Transitions 41:58 Navigating the Transition from Full-Time Work 44:17 The Y Cafe: A Journey to Purpose 55:38 Values as the Foundation for Purpose
How to Build a Legacy to Die For with Dr Kimberly Harms
22 Oct 2024
00:55:27
About Kimberly
Dr. Harms helps people understand the importance of showing their love for their families by setting them up for success through comprehensive legacy planning.
Dr. Harms has witnessed death up close many times throughout her life. She suffered the loss of her mother and her son to suicide and, eventually, her husband from a broken heart. These events shaped her views on finding meaning in grief, and she set out on a mission to end the stigma around end-of-life planning.
As a fourth-quarter coach and international speaker specializing in grief, conflict resolution, and legacy planning, she helps people put an emotional life insurance plan in place so that their loved ones are left in an emotionally healthy space after they are gone.
In this episode of the Humans vs Retirement podcast, Dr. Kimberly Harms shares her profound journey through grief, loss, and the quest for purpose in the later stages of life.
At 68, Kimberly reflects on her experiences, including the tragic loss of her Mum, son and husband, and how these events shaped her understanding of legacy and the importance of living fully.
She emphasises the need for purpose in retirement, the significance of building quality relationships, and the power of love letters as a means to connect with family beyond death.
Kimberly's insights encourage you to confront your mortality, embrace your life stories, and create meaningful legacies that transcend material wealth.
Throughout our conversation, Kimberly and I explore the significance of building a legacy that resonates with love and connection. We discuss the importance of appointing trusted individuals to carry out one's wishes, navigating difficult conversations about death, and the emotional benefits of downsizing.
Kimberly shares her personal experiences with grief and the importance of maintaining relationships, culminating in her concept of a 'Grateful But Not Yet Dead Tour' where she expresses appreciation to those who have impacted her life.
Key Takeaways
Grief affects everyone around us, and we must fight to overcome it.
Retirement can lead to a sense of emptiness without purpose.
Building quality relationships is key to happiness in life.
Understanding mortality allows us to live more fully.
Love letters can provide comfort and connection after death.
We should take the initiative to develop relationships and not wait for others.
Legacy is not about money; it's about the impact we leave behind.
Writing letters can help express love and pride to family members.
It's important to prepare for death to ease the burden on loved ones.
We can reinvent ourselves in the later stages of life. Appoint trusted individuals to carry out your wishes.
Last minute statements can provide immense comfort.
Regularly express love to family members.
Cultural attitudes often deny discussions about death.
Navigating conversations about death can be challenging but necessary.
Downsizing can be painful but ultimately freeing.
Focus on relationships over material possessions.
Planning for the future can ease family burdens after death.
Creating memories and experiences is a vital part of legacy.
Expressing gratitude can enhance personal happiness and relationships.
Sound Bites
"I realized that I am in the fourth quarter of my life" "It's worth it to get out there and fight your way out" "Retirement is a time to reinvent ourselves" "You can't underestimate the power of those moments." "Those last minute statements are so powerful." "It's important to tell our family how much we love them."
Chapters
00:00 - Introduction to Dr. Kimberly Harms 01:29 - Kimberly's Journey Through Grief and Loss 09:38 - The Impact of Grief on Life and Purpose 17:22 - Understanding Mortality and Living Fully 24:54 - Building a Legacy Beyond Money 29:10 - The Importance of Appointing Trusted Individuals 33:02 - Navigating Difficult Conversations About Death 40:01 - Downsizing and Emotional Wellbeing 49:18 - The Grateful But Not Yet Dead Tour
4% and Beyond! The Evolution of Safe Withdrawal Strategies with Bill Bengen
27 Sep 2024
00:43:06
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
How To Create Your 'Encore Career' with Dr Michelle Prince
06 Sep 2024
00:59:02
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
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
A License To Spend Money In Retirement with Michael Finke
19 Aug 2024
00:57:02
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
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
Repurposing Your Life in Retirement with Suzanne Campi
12 Jul 2024
00:52:11
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
S6 Ep 92 - Retirement Income Isn't About Products... It's About Permission
08 Oct 2025
00:13:14
Most retirees believe the key to a successful income strategy lies in the products — specifically, the right pension wrapper, withdrawal rate, or investment mix. But here's the truth: it's not about products at all. It's about permission.
In this episode, I challenge the obsession with spreadsheets and simulations, revealing why confidence to spend doesn't come from perfect plans — it comes from understanding, repetition, and emotional safety. You'll discover the Permission Pyramid, the secret behind guardrails-based freedom, and why your financial plan should feel like permission to live, not a restriction on joy.
What You'll Learn
Why most retirees don't need better products — they need better permission
The myth that spreadsheets create confidence
The three levels of the Permission Pyramid: Numbers Clarity, Emotional Confidence, Behavioural Permission
How guardrails create freedom (not restriction) in your income strategy
The real role of a retirement plan — to give you permission to live well
Three key questions to help you feel confident spending your income
Challenge of the Week
👉 Write your own Retirement Spending Permission Slip.
Literally. Write it down and make it visible.
"I, [your name], give myself permission to spend money in retirement that:
aligns with my values
fits within my plan
creates joy, meaning, and memories
honours the work I did to earn it
and supports the life I want now — not just a future I might never meet."
Stick it on the fridge. Make it your phone background. Repeat it until it feels real.
Resources & Mentions
The Permission Pyramid — My 3-level model for income confidence
Guardrails-Based Spending — freedom within boundaries
Next Episode
Coming up in Episode 7: Your Retirement Plan Is a Lie (But You Still Need One)
We'll explore why traditional financial plans often give false security, what happens when life refuses to behave, and how to design a living, breathing plan that adapts as you do.
The Overlooked Risk of Regret in Retirement with David Blanchett
02 Jul 2024
00:56:40
Summary
David is Managing Director, Portfolio Manager, and Head of Retirement Research for PGIM DC Solutions. In this role, he develops solutions to help improve retirement outcomes for investors with a specific focus on defined contribution plans. Prior to joining PGIM he was the Head of Retirement Research for Morningstar Investment Management LLC and before that the Director of Consulting and Investment Research for the Retirement Plan Consulting Group at Unified Trust Company.
In this episode David and I discuss retirement planning and income generation. He emphasizes the importance of understanding the cost of retirement and the need to start planning early. Retirement is a complex and individualized process, and the traditional concept of retirement is evolving, David suggests using the term 'financial independence' instead.
He also challenges the 4% rule for retirement withdrawals, suggesting that a personalized approach is necessary because flexibility in retirement income planning is crucial, as it allows for adjustments in spending based on changing circumstances. He also talks about why holding cash can provide both economic and behavioural benefits in retirement portfolios.
Other highlights of our conversation are where we discuss the need for advisors and coaches in retirement planning, the importance of understanding and addressing regret risk, the value of spending money on experiences and giving during retirement, the impact of longevity risk on retirement confidence, the benefits of guaranteed lifetime income in retirement planning and Davids famous Retirement smile concept.
Takeaways
Understanding the cost of retirement and starting planning early are crucial for financial security in retirement.
The traditional concept of retirement is changing, and 'financial independence' may be a more appropriate term.
The 4% rule for retirement withdrawals may lead to underspending and regret, and a personalized approach is necessary.
Flexibility in retirement income planning allows for adjustments in spending based on changing circumstances.
Holding cash in retirement portfolios can provide both economic and behavioral benefits.
Advisors and coaches play a crucial role in retirement planning by providing accountability and helping individuals understand their blind spots.
Regret risk, or the regret of not doing more during retirement, is an often overlooked risk that can impact the fulfillment of the second half of life.
The fear of spending money in retirement and the transition from a savings mindset to a spending mindset can hinder individuals from enjoying their retirement and lead to inefficient spending.
Longevity risk, or the risk of outliving one's savings, is a significant concern in retirement planning, and there is a need for greater longevity literacy.
Guaranteed lifetime income can help address longevity risk and provide individuals with the confidence to spend money on experiences and give during retirement.
The retirement smile, where real-time spending falls during the early years of retirement and may increase slightly in later life, challenges the assumption that spending increases with inflation every year.
Sound Bites
"Retirement is the most expensive purchase most people will ever make."
"Retirement is radically changing for everyone, what it means to retire, what it means to keep working, how long you're gonna live, what your activity level is gonna be."
"The 4% rule will lead people into a retirement of underspending and regret."
"We are not the person that's receiving the advice or coaching, right?"
"If we create one of those [retirement plans] that's got a hundred percent success rate, i.e. we're telling you that you're never going to run out of money. That to me is a hundred percent failure on living a fulfilled second half of life."
"It's just really, really hard to spend down this pool of assets when you don't know how long you're gonna live, you know what the markets are gonna do and you don't wanna go back to work."
Chapters
00:00 Introduction and Background of David Blanchett 03:02 Understanding the Cost of Retirement 08:12 The Changing Nature of Retirement 12:33 Challenging the 4% Rule for Retirement Withdrawals 19:49 The Benefits of Holding Cash in Retirement Portfolios 26:56 The Role of Advisors and Coaches 28:19 The Overlooked Risk of Regret 30:06 Overcoming the Fear of Spending 35:28 Understanding and Addressing Longevity Risk 39:39 The Benefits of Guaranteed Lifetime Income 47:01 The Retirement Smile: Challenging Assumptions
How to find happiness and flourish in your retirement with Dr Andy Cope
14 Jun 2024
00:46:46
Summary
Today's conversation is with the Dr of Happiness, Dr Andy Cope. Andy is a wellbeing expert, best-selling author and in his words a recovering academic. He specialises in positive psychology and the science of human flourishing. The reward for grinding out his Loughborough PhD is that he gets to call himself a Dr of Happiness.
If you put the cheesy title to one side, Andy believes there has never been a more important time to focus on mental health and wellbeing. He has been described as a 'wellbeing revolutionary' and his mission is to change the narrative and re-focus psychology away from what's wrong with people to what's right. His messages act as a gentle nudge towards people taking charge of their own mental health.
In this conversation Andy and I discusses the importance of focusing on wellbeing and happiness, especially during retirement. He explains that traditional psychology has primarily focused on fixing mental health issues rather than promoting wellness. Andy emphasises the need to shift the focus to happiness and flourishing, and shares insights from positive psychology. He highlights the significance of living in the present moment and finding contentment in simple experiences and positive relationships. Andy also challenges the notion of retirement as a destination for happiness and encourages individuals to prioritize their wellbeing throughout their lives.
Andy emphasises the need to focus on mental wealth and living one's best life. Andy shares his journey of accidentally stumbling upon the science of living a happier life and the intentional strategies that happy people employ. They also discuss the power of reframing internal and learned beliefs and the challenge of unlearning bad habits. He highlights the importance of saying yes to growth and new experiences, as well as saying no to things that don't bring joy. They also touch on the significance of quality relationships, being present, and the negative impact of social media on happiness.
Takeaways
Traditional psychology has primarily focused on fixing mental health issues rather than promoting wellness.
Positive psychology emphasizes the importance of happiness and flourishing.
Finding contentment in simple experiences and positive relationships is key to living a fulfilling life.
Retirement should not be seen as the sole destination for happiness; it is important to prioritize wellbeing throughout life. Wellbeing and happiness should be prioritized in retirement, as they contribute to a fulfilling life.
Positive psychology can help reframe internal and learned beliefs, leading to a happier mindset.
Unlearning bad habits and letting go of negative thoughts and behaviors is essential for personal growth and happiness.
Saying yes to growth and new experiences, and saying no to things that don't bring joy, can enhance happiness in retirement.
Quality relationships and being present in the moment are key determinants of happiness.
The negative impact of social media on happiness should be recognized, and time spent on it should be reduced.
Sound Bites
"There are people out there with a smile on their face and a spring in their step."
"Positive psychology is about equipping people with the knowledge and skills to take care of their own mental health and wellbeing."
"The happiest moments in life are often simple experiences with loved ones."
"They don't talk about wellbeing in a way that they should absolutely talk about wellbeing."
"Living your best life and being your best self wasn't a thing."
"The biggest barrier to me feeling amazing was actually me."
Chapters
00:00 Introduction and Andy's Journey to Becoming the Doctor of Happiness 09:03 The Importance of Wellbeing and Happiness 16:02 Shifting the Focus to Happiness and Flourishing 23:06 Retirement: A Journey of Wellbeing and Happiness 24:25 Prioritizing Wellbeing and Happiness in Retirement 28:12 The Power of Reframing Beliefs and Unlearning 32:08 Saying Yes to Growth and No to Unwanted Obligations 36:48 The Importance of Quality Relationships and Being Present 40:54 The Negative Impact of Social Media on Happiness
Empowering Women To Take Control of Their Retirement with Stephanie McCullough
31 May 2024
00:58:20
About Stephanie
Stephanie founded Sofia Financial in 2011 after 14 years as a financial advisor, with the goal to empower women to make wise financial decisions and reduce their money stress. In her early years she encountered too many women who found finances and investing so intimidating that they either outsourced money decisions to a man in their lives (sometimes with disastrous consequences), or relied on "professionals" who too often focused more on their own paycheck than providing true education and guidance. Financial planning plays into Stephanie's love of hearing people's stories, and understanding and explaining complex topics clearly. She is passionate about helping more women find and succeed on this career path.
Summary
Stephanie McCullough, founder of Sophia Financial and host of the Take Back Retirement podcast, discusses the challenges women face when planning for retirement. She shares her journey of entering the financial industry and focusing on helping women with their retirement planning. Stephanie emphasizes the importance of empowering women to take control of their finances and make informed decisions. She highlights the unique challenges women face in retirement, such as the dominance of the male spouse in financial decisions and the need for women to take the reins after divorce or the death of a spouse. Stephanie encourages open conversations and non-judgmental support to help women navigate these challenges and create a fulfilling retirement.
In this conversation, Stephanie and I discuss the challenges women face in the financial planning industry and how they can take control of their retirement. We explore the dominance of men in financial meetings, the importance of meaningful money conversations, and the need for both spouses to be involved in financial planning. They also discuss the impact of social connections on retirement happiness and how women can build and maintain strong social networks. The conversation concludes with advice for women to pay attention to their feelings around money and find a money buddy to share and learn together.
Takeaways
Women often face unique challenges when planning for retirement, such as the dominance of the male spouse in financial decisions.
Divorce and the death of a spouse can significantly impact a woman's retirement plans and financial decisions.
Open conversations and non-judgmental support are crucial in helping women navigate these challenges and make informed decisions.
Empowering women to take control of their finances and plan for retirement can lead to a more fulfilling and secure future. Women often face challenges in the financial planning industry, with men dominating meetings and focusing on investments rather than meaningful money conversations.
Both spouses should be involved in financial planning to ensure transparency and avoid financial abuse.
Social connections and networks are crucial for retirement happiness, and women are often better at building and maintaining these connections.
Women should pay attention to their feelings around money and find a money buddy to share and learn together.
Women can take control of their retirement by being intentional, exploring different opportunities, and finding their own identity and purpose.
Sound Bites
"There's got to be a way to have a more meaningful conversation with women." "Retirement is the opportunity to figure out exactly what you want to do with your time and go do it." "Open up conversations about retirement between couples to ensure both partners' needs and desires are considered." "There's often a dominance about... the man has done this and they often kind of... dragged them along to the meeting and... they open up the meeting and they're dominant in it." "How can we have a different money conversation? How can we have something that's actually meaningful and relatable? How can we make this money actually interesting?" "A lot of women have that impression because that's the experience they've had in the financial advisor offices."
Chapters
00:00 Introduction and Stephanie's Journey 06:20 Why Focus on Women Planning for Retirement? 10:25 Challenges Women Face in Retirement 16:26 Navigating Retirement After Divorce 28:27 The Impact of Grief on Retirement Plans 30:52 The Importance of Meaningful Money Conversations 35:12 Building and Maintaining Social Connections 44:08 Paying Attention to Feelings Around Money 51:48 Taking Control of Retirement
Rewiring The Way We Think About Retirement with Jamie Hopkins
24 May 2024
01:06:02
Summary
Jamie was a professor at The American College and Director of the New York Life Center for Retirement Income. He is a well-recognized writer, speaker and thought leader in the area of retirement income planning. His most recent book, "Rewirement: Rewiring The Way You Think About Retirement," details the behavioral finance issues that hold people back from a more financially secure retirement. Jamie's impact on retirement planning has been well recognized as he has been named as both a top 40 financial services professional under the age of 40 by InvestmentNews and a top 40 young attorney under the age of 40 by The American Bar Association.
In this episode Jamie and I discuss the need to rewire the way we think about retirement and challenge the assumptions underlying retirement planning. He emphasizes the importance of adapting spending habits in retirement and the need to minimize regret risk. Jamie also highlights the concept of self-insuring in retirement and the tendency to hold onto money due to fear of unknown future events. He suggests adopting a guardrails approach to spending and focusing on adaptive spending rather than a binary view of success or failure in retirement. They highlight the need for a more realistic approach to retirement income planning that takes into account the trajectory of spending and the magnitude of failure. They also emphasize the importance of financial literacy and education in retirement planning, as well as the potential benefits of equity release strategies.
Takeaways
Retirement planning requires rewiring the way we think about retirement and challenging assumptions about saving and spending.
Adapting spending habits in retirement is crucial for a fulfilling and successful retirement.
Self-insuring in retirement can lead to holding onto money and not being able to spend it, limiting the enjoyment and fulfillment of retirement.
Adopting a guardrails approach to spending and focusing on adaptive spending can help minimize regret risk and create a more flexible retirement plan. Retirement planning models often overlook the trajectory of spending and the magnitude of failure, leading to unrealistic expectations.
Financial literacy and education are crucial in retirement planning, as individuals need to make informed decisions based on their knowledge and experiences.
Equity release strategies, such as downsizing or reverse mortgages, can be valuable tools in retirement income planning and should be considered as part of a comprehensive financial plan.
Individuals should start their retirement planning by identifying their aspirations and using them as a guide for their financial plan, ensuring that their retirement is fulfilling and aligned with their goals.
Sound Bites
"People need to rewire the way they think about retirement."
"The biggest challenge is that everybody thinks retirement is the same phase in life, and we treat it the same."
"Self-insuring is holding onto money for unknown future events, which limits spending in retirement."
"That's a 50% chance that you're going to underspend crucially."
"Why do we talk about anything as success and failure? Because it's actually only partial failure anyway."
"There is a framework of flexibility in retirement spending."
Chapters
00:00 Introduction and Warm Welcome 06:38 Jamie Hopkins' Journey to Retirement Planning 09:00 Rewiring the Way We Think About Retirement 27:07 The Benefits of a Guardrails Approach to Spending 32:53 The Flaws in Retirement Planning Models 37:40 The Importance of Flexibility in Retirement Spending 42:47 The Role of Financial Literacy and Education in Retirement Planning 53:54 The Benefits of Equity Release Strategies 01:00:14 Starting Retirement Planning with Aspirations
Creatively Designing a Life that Aligns with Personal Values with Derek Hagen
17 May 2024
01:06:16
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
Ep 9 of 10 - The 4 Key Factors To Happiness In Retirement
05 May 2024
00:07:31
Ep 8 of 10 - Yes & No Are The 2 Most Powerful Words In Retirement
04 May 2024
00:07:47
Ep 7 of 10 - Give Money With A Warm Heart Not A Cold Hand!
03 May 2024
00:08:37
Ep 6 of 10 - How Are You Going To Spend Your Time In Retirement?
02 May 2024
00:09:02
S6 Ep 91 - The Skill No One Taught You - Spending Money!
01 Oct 2025
00:12:08
You've worked hard. Saved smart. Invested wisely. You've built a life where money is no longer the problem. But here's the awkward truth: spending it freely, without guilt, hesitation, or second-guessing, is the part no one prepared you for.
In this episode, I unpack why so many retirees struggle to permit themselves to spend, where that scarcity mindset comes from, and how to start using money to create joy, connection, and memory dividends. Saving was your superpower. Spending is your next skill.
What You'll Learn
Why spending in retirement isn't a maths problem, it's a psychological one
The "permission gap" and why most retirees hesitate to enjoy what they've saved
How money guilt shows up (and why you're not alone in feeling it)
The hidden costs of under-spending... memories, experiences, and lost joy
What "good spending" really looks like: values, memory dividends, and well-being
Practical tools, from guardrails to pre-spending permission slips, to help you spend with confidence
Challenge of the Week
👉 Plan one guilt-free spend, and do it.
Not research it.
Not think about it.
Not ask five friends if it's sensible.
Just spend. Choose something that creates a memory, feels indulgent, and is true to you. Then, when that little voice says, "Should I really?" — answer, "Yes. Future Me will thank me."
Resources & Mentions
Schroders UK Retirement Study (2022): On retirees struggling to spend freely
Bill Perkins, Die With Zero — The principle of converting money into meaningful life experiences
Retirement planning tools like Guardrails, Bucket Planning, and Spending Statements
Next Episode
Coming up in Episode 6: Retirement Income Isn't About Products — It's About Permission We'll explore why true confidence to spend comes from psychology, not portfolio returns, and how your retirement income strategy should feel like freedom, not fear.
Ep 5 of 10 - Going From A Savings Habit To A Spending Mindset
01 May 2024
00:09:41
Ep 4 of 10 - How The Japanese Concept of Kanreki Can Teach Us Valuable Retirement Lessons
30 Apr 2024
00:13:17
Ep 3 of 10 - The Human Quirk of Relative & Absolute Outcomes
29 Apr 2024
00:09:18
Ep 2 of 10 - Looking at The Harvard 85 Year Study To Determine What makes A Happy Retirement