The Meaningful Money Personal Finance Podcast cover image

The Meaningful Money Personal Finance Podcast

Real Stories: The Shape Of Retirement

Dec 13, 2023
Explore the alternative paths to retirement, including transitioning to retirement through employee ownership trusts and multiple career paths. Discover the concept of mini retirements and the changing definition of retirement. Learn about the importance of staying flexible in retirement planning and choosing fixed term lengths for financial products. Discover options for exiting a business and navigating career challenges. Lastly, explore the considerations of taking out a mortgage for retirement.
46:43

Podcast summary created with Snipd AI

Quick takeaways

  • Retirement can adopt alternative approaches like phased retirement or portfolio careers, offering flexibility and fulfillment.
  • Clarity about retirement goals is essential, envisioning the ideal lifestyle and evaluating current finances.

Deep dives

Taking Control of Retirement: Alternative Approaches

Retirement doesn't have to follow the traditional work-for-40-years-then-stop model. Alternative approaches to retirement, such as phased retirement or portfolio careers, offer more flexibility and fulfillment. The speaker shares personal examples of winding down before retiring and becoming a non-executive director. Employee ownership trusts are explored as a transition method for business owners. It is crucial to plan ahead, consider finances, and stay flexible. Retirees should review their options regularly and maintain financial control.

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