In this discussion, Nick Lincoln, an expert in retirement income planning and long-time friend of co-host Andy Hart, delves into the critical elements of successful retirement strategies. They explore the shift from wealth accumulation to spending, highlighting the decline of traditional pension schemes. Nick emphasizes the importance of tailored advice for the mass affluent, tackling sequence risk, and the psychological factors influencing financial decisions. The impact of empathy in planning is also discussed, showcasing the need for financial advisors to connect with clients' emotional needs.
