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A tartalmat a Dan Haylett biztosítja. Az összes podcast-tartalmat, beleértve az epizódokat, grafikákat és podcast-leírásokat, közvetlenül a Dan Haylett vagy a podcast platform partnere tölti fel és biztosítja. Ha úgy gondolja, hogy valaki az Ön engedélye nélkül használja fel a szerzői joggal védett művét, kövesse az itt leírt folyamatot https://hu.player.fm/legal.
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Species Unite
Text “Do people even want to know about some of these issues? Because I think some of the meat production concerns, it's kind of like people would rather in some cases, I think some people might not really want to know all the nitty gritty. They don't want to know how the sausage is made. That poses an interesting question and challenge about how you communicate about some of these issues, when maybe there's a resistance among a subset of people who don't want to know more.” - Patti Truant Anderson This is the fourth episode in a special four-part series where we go deep into the food system with some of the brightest minds from Johns Hopkins Center for a Livable Future, an interdisciplinary center based out of the Johns Hopkins Bloomberg School of Public Health. One of the reasons that we did this series is because we're about to enter another four years with the Trump administration; and last time, as we know, the Trump administration was pretty terrible for the food system in terms of climate, public health, worker safety, and of course, for the animals. This conversation is with Patty Truant Anderson. Patty is a senior program officer at the center. Part of her work at the Center focuses on public opinion polling around the food system. These polls can inform decisions by lawmakers. The great news is we're not nearly as polarized as it might seem. There is a lot of hope in the results. Links: Johns Hopkins Center for a Livable Future - https://clf.jhsph.edu/ Patti Truant Anderson - https://clf.jhsph.edu/about-us/staff/patti-truant-anderson…
The Humans vs Retirement Podcast
Mind megjelölése nem lejátszottként
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A tartalmat a Dan Haylett biztosítja. Az összes podcast-tartalmat, beleértve az epizódokat, grafikákat és podcast-leírásokat, közvetlenül a Dan Haylett vagy a podcast platform partnere tölti fel és biztosítja. Ha úgy gondolja, hogy valaki az Ön engedélye nélkül használja fel a szerzői joggal védett művét, kövesse az itt leírt folyamatot https://hu.player.fm/legal.
When it comes to retirement, many waste precious time by letting their emotions and behaviours overtake their dreams and desires. Humans are not wired for a modern retirement and are in a battle to ensure their life after work gives them freedom & joy. Each episode of The Humans vs Retirement Podcast contains expert opinions and real retirement stories that look at the emotional, behavioural and financial challenges of life after work, which will give you tools and tips to live a happy, healthy and wealthy retirement.
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71 epizódok
Mind megjelölése nem lejátszottként
Manage series 3538800
A tartalmat a Dan Haylett biztosítja. Az összes podcast-tartalmat, beleértve az epizódokat, grafikákat és podcast-leírásokat, közvetlenül a Dan Haylett vagy a podcast platform partnere tölti fel és biztosítja. Ha úgy gondolja, hogy valaki az Ön engedélye nélkül használja fel a szerzői joggal védett művét, kövesse az itt leírt folyamatot https://hu.player.fm/legal.
When it comes to retirement, many waste precious time by letting their emotions and behaviours overtake their dreams and desires. Humans are not wired for a modern retirement and are in a battle to ensure their life after work gives them freedom & joy. Each episode of The Humans vs Retirement Podcast contains expert opinions and real retirement stories that look at the emotional, behavioural and financial challenges of life after work, which will give you tools and tips to live a happy, healthy and wealthy retirement.
…
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71 epizódok
Minden epizód
×Summary 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 Links Next Chapter Lifestyle Advisors Susan's book 9 Steps to a Rich Life in Retirement The Super Sunday Retirement Roundup Newsletter The Skill of Spending Money in Retirement Whitepaper The Humans vs Retirement Sketchstore Book in a Time For us to Chat About Your Retirement…
Summary I had the privilege to sit down with Jordan Grumet, author of the brilliant new book The Purpose Code and host of The Earn & Invest Podcast. 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 Links The Purpose Code The Earn & Invest Podcast The Super Sunday Retirement Roundup Newsletter The Skill of Spending Money in Retirement Whitepaper The Humans vs Retirement Sketchstore Book in a Time For us to Chat About Your Retirement…
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. Book in a time for us to chat 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!…
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The Humans vs Retirement Podcast
1 How to Retire with Christine Benz 1:01:12
1:01:12
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1:01:12Summary 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 Links Buy How to Retire Book in a time for us to chat about your retirement plans…
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 Links Buy Daniel's brilliant book The Soul of Wealth TED Talk by Martin Seligman on Positive Psychology & the PERMA Model Book in a time for us to chat about your retirement plans…
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The Humans vs Retirement Podcast
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 Links www.sheridanruth.com Nervous System Cheat Sheet…
Summary 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 Links Beyond Your Career The Why Cafe…
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. Her book Are You Ready? How to Build a Legacy to Die For discusses how to build a legacy that lives on after your death. It was a #1 bestseller on Amazon and Barnes & Noble and named the most inspirational book of 2024 by the Pacific Book Awards . Summary 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 Links Kimberly's book Are You Ready? How to Build a Legacy to Die For…
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The Humans vs Retirement Podcast
Summary In this episode of the Humans vs Retirement podcast, I interview Bill Bengen, the pioneer of the 4% safe withdrawal strategy, who shares insights from his extensive research on retirement income strategies. Bill discusses the evolution of the 4% safe withdrawal rate, revealing that the worst-case scenario may now be closer to 5%. He emphasises the importance of diversification, glider path investing, and rebalancing in enhancing withdrawal rates. The conversation also delves into the risks of inflation and the significance of understanding personal inflation rates in retirement planning. Bill concludes with thoughts on the current market environment and the future of retirement planning. Takeaways Bill Bengen's research has evolved the 4% rule to a 5% worst-case scenario. Only one out of 400 retirees in Bengen's database faced the 5% withdrawal rate. Diversification across multiple asset classes is crucial for sustainable withdrawals. Glider path investing can significantly enhance retirement income. Rebalancing portfolios regularly is essential to avoid overexposure to equities. Sequence of inflation risk poses a significant threat to retirees. Personal inflation rates often exceed government-reported figures. Retirement spending tends to decrease in real terms over time. Many retirees fear running out of money more than death itself. Current market conditions are unique and require careful planning. Sound Bites "The 4% rule has evolved to a 5% worst case." "Only one out of 400 retirees hit the 5% mark." "Diversification is key to higher withdrawal rates." Chapters 00:00 - Introduction to Bill Bengen and His Research 04:52 - The Evolution of the 4% Withdrawal Rule 10:05 - New Insights: The 5% Withdrawal Rate 14:49 - Strategies for Sustainable Withdrawals 20:07 - Understanding Inflation Risks in Retirement 25:09 - The Importance of Personal Inflation Rates 29:59 - The Future of Retirement Planning 34:58 - Conclusion and Future Directions…
Summary In today's episode I'm thrilled to get to have conversation with the author of the brilliant book Creating Your Encore Career, Dr Michelle Prince Michelle is a global leadership coach, HR technology advisor, human capital consultant and author. A certified leadership coach since 2006 with a doctorate in management and organizational leadership, she helps professionals and organizations achieve transformational growth. Michelle has over 30 years of corporate HR experience and now runs her consulting firm, MPrince Consulting LLC. An advocate for sustainability and empowering people to thrive, she wrote the book Creating Your Encore Career in 2024 to inspire others to craft their own fulfilling Encore Careers. Join us as Michelle and I discuss the concept of an encore career, which is a meaningful and purposeful career in the third act of life. Michelle shares her personal journey of transitioning from a corporate HR role to becoming a global leadership coach and senior career coach and explains that many people approaching retirement age feel uncertain about what they want to do next and may not know how to navigate job searching in today's technology-driven world. She wrote her book, 'Creating Your Encore Career,' as a step-by-step guide to help individuals in this stage of life explore their options, find fulfilment and transition into purpose driven work in their later years. We explore the importance of a self-reflection process to identifying passions, values and interests which means that people should redefine their retirement to align with increased lifespans and evolving aspirations. We also talk about the value of building a professional network and creating a personal brand to showcase expertise and attract new opportunities as well as exploring options like the gig economy, volunteering, entrepreneurship, or continued education Our conversation also highlights the benefits of growth, curiosity, and exploration in an encore career, as well as the importance of financial planning and managing healthcare and insurance costs. Takeaways An encore career is a meaningful and purposeful career in the third act of life, providing individuals with an opportunity to continue contributing and finding fulfillment. Many people approaching retirement age feel uncertain about what they want to do next and may not know how to navigate job searching in today's technology-driven world. Financial security is an important consideration when transitioning to an encore career, but it is not the primary driver. The focus is on finding work that aligns with personal values and provides flexibility and fulfillment. People in their 50s and beyond have accumulated knowledge, wisdom, and experience that make them valuable contributors in the workforce. It is never too late or too early to start planning for an encore career. Self-reflection is key to identifying passions, values, strengths, and desired work environments. Having open conversations with family members about expectations and boundaries can also help in designing an encore career. Self-reflection and identifying passions and interests are crucial in transitioning into an encore career. Expanding knowledge and skills through education and certifications can help overcome imposter syndrome and enhance credibility. Building a professional network and creating a personal brand are essential for attracting opportunities and showcasing expertise. Growth, curiosity, and exploration are key elements of an encore career, promoting wellbeing and preventing cognitive decline. Financial planning and managing healthcare and insurance costs are important considerations in an encore career. Sound Bites "An encore career is a meaningful and purposeful career in the third act of life." "Many people who are approaching retirement age feel uncertain about what they want to do next." "Financial security is important, but it is not the primary driver of an encore career." "You can create and design your own scenario" "It's important that you communicate" "Reflecting on your passions...what truly excites you" Chapters 00:00 Introduction and Personal Journey 05:16 Redefining Retirement and the Encore Career Movement 09:24 Challenges of Traditional Retirement Options 13:24 Increased Lifespans and Evolving Aspirations 18:38 Retirement Insecurity and Financial Considerations 24:13 The Value of Wisdom and Knowledge in the Third Act 26:21 Identifying Passions, Values, and Strengths 28:11 Transitioning into an Encore Career: Reflection and Passion 30:08 Building a Professional Network and Personal Brand for an Encore Career 36:07 Embracing Growth, Curiosity, and Exploration in an Encore Career 52:47 Financial Planning and Healthcare Considerations in an Encore Career Links Michelle's book Creating Your Encore Career…
Summary Today’s conversation is a first for my podcast in that I welcome back a previous guest! And I couldn't think of having my first repeat guest as anyone better that the brilliant George Kinder! George was previously on the show in episode 20 where we discussed Life planning and how to light the retirement torch. For those that don't know, George is widely regarded as the father of Financial Life planning and a global leading voice in this field. Today's conversation centres around Goerges new book The Three Domains of Freedom which explores the different aspects of freedom and how the relate to a fulfilling life. The three domains we discuss are: The freedom of each moment, The freedom to pursue one’s life and the freedom within civilisation. During our conversation George emphasises the importance of mindfulness and being preset in each moment to experience true freedom. He also discusses the significance of having a passionate purpose and taking control of your life. George and I also discuss the the concept of freedom and its various dimensions. We talk about freedom of thought, freedom of time and the importance of celebrating achievements, no matter how small! We also touch on the state of society and the need for unity and trust and at the end George shares his proposal for a legislative solution to create a more trustworthy and humane civilisation. Takeaways Mindfulness and being present in each moment is key to experiencing true freedom. Having a passionate purpose and taking control of one's life leads to a sense of fulfillment. Shortening timeframes and taking action can create a sense of energy and accomplishment. Working with a skilled life planner can help uncover hidden desires and goals. Freedom encompasses more than just physical freedom; it includes freedom of thought and freedom of time. Celebrating achievements, no matter how small, is important for a fulfilling life. Society is currently fragmented and polarized, but there is a solution: unity and trust. George Kinder proposes a legislative solution that requires institutions to have a fiduciary obligation to truth, democracy, the planet, and humanity. Creating a trustworthy civilization starts with individuals and businesses adopting a fiduciary standard. Sound Bites "There were three domains.""Mindfulness is really about the mastery of the present moment." "Feeling that I have a passionate purpose that I am moving toward or living in." "It doesn't mean that it's freedom just to go and sit on the couch or lay on the..." "When I talk to a lot of people that I've worked with, they actually talk about freedom of thought a lot." "Celebrating achievements, you know, no matter how small they are, I think is really critical to a fulfilling life." Chapters 00:00 Introduction and Overview 02:55 The Three Domains of Freedom 05:52 The Freedom of Each Moment 11:52 Finding Your Passionate Purpose 17:59 Shortening Timeframes for Action and Energy 26:21 Exploring the Dimensions of Freedom 28:30 Unity and Trust in a Fragmented Society 44:03 A Legislative Solution for a Trustworthy Civilization Links George's new book The Three Domains of Freedom My YouTube Channel…
Summary Today’s conversation is with retirement investing, income planning and life satisfaction expert, Michael Finke Michael is a professor of wealth management and Frank M. Engle Distinguished Chair in Economic Security at The American College of Financial Services. He received a doctorate in consumer economics from the Ohio State University in 1998 and in finance from the University of Missouri in 2011. He leads the O. Alfred Granum Center for Financial Security at the American College and is a research fellow at the Retirement Income Institute, and a member of the Defined Contribution Institutional Investment Association Academic Advisory Council. He is an internationally known researcher in the areas of retirement income planning, retirement spending, life satisfaction, and cognitive aging. He is a frequent speaker at financial planning conferences and was named one of the 25 most influential people in the field of investment advising in 2020 and 2021 by Investment Advisor Magazine. In this conversation, Michael and I discuss the importance of mindset and positivity in retirement planning. We explore the correlation between health and financial behaviours among retirees and the role of positivity in driving savings and spending behaviour. We also discuss the benefits of annuities as a way to ensure a guaranteed income in retirement and how the psychological impact of spending from income versus spending from assets is often a licence to spend for many retirees. The conversation emphasizes the need to align money with values and goals to maximize happiness in retirement. Takeaways There is a strong connection between health behaviors and money behaviors, as both involve making decisions to defer gratification and invest in a better future. Retirement income planning should involve considering both spending and legacy goals, and giving oneself the agency to choose how much of their savings to spend and how much to pass on to others. It is important to recognize and accept our own mortality when planning for retirement, and to design a plan that allows us to spend the money we've saved for the purpose of enjoying a better lifestyle. Retirement should be viewed as an opportunity to bring forward the ability to give money to loved ones and causes we care about, rather than waiting until the end of life. Spending money in retirement can bring more happiness and satisfaction than simply accumulating wealth, and it is important to prioritize experiences and social interactions that provide joy. Designing a retirement plan should involve envisioning the future and creating a financial structure that supports the desired lifestyle, rather than solely focusing on numbers and spreadsheets. Mindset and positivity play a crucial role in retirement planning. Health and financial behaviors are correlated among retirees, and positivity drives savings behavior. Annuities provide a license to spend and allow retirees to spend more from income than from assets. Aligning money with values and goals can lead to greater happiness in retirement. Sound Bites "What is wealth? Wealth is a store of future spending. It is a store of future happiness." "The goal is lifestyle. That's why you save the money in the first place. Let's design a structure so that you can have the lifestyle that you want to live." "Recognize that you had a choice and your choice was: Do I want to spend the money that I've saved that I've sacrificed to be able to build or am I going to be happier passing it on to someone else?" "How we view retirement and how positive we are about our years going forward is going to shape the way we want to spend our money." "People who think that life is going to be more pleasurable in their 80s are more motivated to ensure that they still have income in their 80s." "Annuities give you the ability to spend more every year and never feel bad about it." Chapters 00:00 Introduction and Background 03:23 The Connection Between Retirement, Health, and Wealth 07:58 Balancing Spending and Legacy Goals in Retirement Income Planning 11:25 Recognizing Mortality and Designing a Plan for a Better Lifestyle 15:37 Bringing Forward the Ability to Give in Retirement 24:15 Envisioning the Future and Designing a Retirement Plan 26:45 The Role of Mindset and Positivity in Retirement Planning 28:12 The Correlation Between Health and Financial Behaviors in Retirement 35:10 The Benefits of Annuities as a License to Spend 42:20 Aligning Money with Values and Goals for Greater Happiness in Retirement Links License to spend whitepaper Michael Finke Website…
Summary Money and happiness expert Ken Honda is a bestselling self-development author in Japan, with book sales surpassing eight million copies since 2001. His first English language book, “ Happy Money: The Japanese Art of Making Peace With Your Money ” (June 2019, Simon & Schuster), is an international bestseller. His new novel is “ True Wealth – 9 Lessons From a Grandfather on Happiness and Abundance ” (May 14, 2024, Hay House). Learn more at KenHonda.com . In this episode Ken Honda discusses the concept of true wealth, which goes beyond material abundance and includes intangible assets such as trust, bonding, love, and friendship. He emphasizes the importance of creating precious memories and highlights the need to redefine wealth as we approach retirement. Ken also explores the power of intuition in decision-making and shares three steps to tap into our intuition. He discusses coping with anxieties and fears around money and retirement, suggesting that facing fear head-on can lead to personal growth and new opportunities. Ken encourages listeners to find their Ikigai, their life purpose, and to make choices that align with their passions and values. He also emphasizes the importance of cultivating a positive relationship with money and using it as a tool to bring joy and happiness in retirement. Takeaways True wealth goes beyond material abundance and includes intangible assets such as trust, bonding, love, and friendship. Creating precious memories is more important than accumulating material wealth. Facing fears and taking risks can lead to personal growth and new opportunities in retirement. Finding your Ikigai, your life purpose, and making choices that align with your passions and values is crucial in retirement. Cultivating a positive relationship with money and using it as a tool to bring joy and happiness in retirement is essential. Sound Bites "True wealth is something that you cannot see. It's invisible assets like trust, bonding, love, and friendship." "There's always some kind of guiding force to just take us to something very important." "If you can face your fear, you will be less afraid of taking more steps, taking more risks." Chapters 00:00 Introduction and the Concept of True Wealth 06:03 The Power of Intuition in Decision-Making 09:25 Coping with Anxieties and Fears in Retirement 15:30 Finding Your Ikigai in Retirement…
Summary 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…
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The Humans vs Retirement Podcast
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…
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