How Great Advisors Help Clients Face the Fear of Retirement

Jul 23, 2025

Many clients struggle with retirement not due to finances, but from fears of losing identity and purpose. The podcast highlights the importance of helping clients find meaning in their post-work lives. Drawing on Viktor Frankl's insights, it addresses the emotional challenges faced when transitioning into retirement. Advisors are encouraged to guide clients in redefining their identities and planning for a fulfilling lifestyle beyond work, focusing on purpose-driven transitions rather than just financial goals.

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INSIGHT

Retirement Fear Beyond Finances

Fear of retirement often isn't financial but about losing identity, structure, and purpose.
Clients may be paralyzed by fear, needing advisors to guide through non-financial concerns.

ADVICE

Teach Spending Mindset Shift

Help clients shift from saving mindset to spending mindset gradually.
Teaching clients to spend their money is key to enjoying retirement but not a complete solution.

INSIGHT

Retirement Purpose Over Wealth

Retirement fear often stems from loss of purpose and identity after work ends.
Meaning and purpose matter more for retirement happiness than financial readiness alone.

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Some clients are more than financially ready to retire, but still can’t bring themselves to do it. The real issue often isn’t the numbers. It’s the fear of losing identity, structure, and purpose after decades of work.

In this episode of Root Ready, James explores how to support clients who feel stuck at the edge of retirement—not because they can’t afford to step away, but because they’re unsure who they’ll be when they do. Drawing on Viktor Frankl’s work on meaning and Riley Moynes’ four phases of retirement, the conversation dives into the emotional and psychological side of this transition.

This isn’t about pushing clients to retire—it’s about helping them define what a meaningful next chapter looks like. From reframing the role of work to encouraging purpose-driven planning, James shares how advisors can guide clients toward a fulfilling life beyond the paycheck.

Retirement planning isn’t just about reaching a number. It’s about helping people build a life they’re excited to live.

Submit a question for James here: https://rootreadypodcast.com/

Advisory services are offered through Root Financial Partners, LLC, an SEC-registered investment adviser. This content is intended for informational and educational purposes only and should not be considered personalized investment, tax, or legal advice. Viewing this content does not create an advisory relationship. We do not provide tax preparation or legal services. Always consult an investment, tax or legal professional regarding your specific situation.

The strategies, case studies, and examples discussed may not be suitable for everyone. They are hypothetical and for illustrative and educational purposes only. They do not reflect actual client results and are not guarantees of future performance. All investments involve risk, including the potential loss of principal.

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