The Humans vs Retirement Podcast

Summary Dr Moira Somers is the founder of Money, Mind and Meaning, a renowned psychologist, neuroscientist, and family wealth consultant that specialises in the psychology of money. She is a faculty member at the Ultra High Net Worth Institute and at the Sudden Money Institute and leads the Financial Psychology Special Interest Group for the American Psychological Association. In this episode Moria and I discuss a number of key challenges when it comes navigating the complexities of life after work and in particular i tap into Moira’s neuroscience background to talk about cognitive decline and how we can think about keeping our brain sharp and healthy throughout retirement Useful Links Money, Mind & Meaning Moira’s brilliant book Advice That Sticks Subscribe to the Humans vs Retirement podcast on Apple Podcasts, and Spotify Download for free my 7 Step Retirement Toolkit Subscribe to my fortnightly newsletter Stay The Course Connect With Moira LinkedIn X / Twitter Connect With Me TFP Financial Planning LinkedIn X / Twitter Book in a chat if you want a second opinion about your retirement planning. Email at dan@tfp-fp.com Find out more by visiting www.humansvsretirement.com  

Summary & About Guest Dr. Preston Cherry is the Founder & President of Concurrent Financial Planning, Head of the Financial Planning Program, and Director of the Charles Schwab Centre for Personal Financial Planning at the UW – Green Bay. Preston specializes in empowering individuals to share stories that inform their financial resources and life’s design to achieve financial wellness and freedom that cultivates life wholeness. Preston has been cited by the New York Times, Forbes, the Wall Street Journal, CNBC, and Yahoo Finance. He is an Investopedia 100 Top Financial Advisor, 2022 ThinkAdvisor LUMINARY Finalist, WealthManagement.com Ten to Watch in 2023, President of the Financial Therapy Association and practitioner editor of the award-winning Journal of Financial Planning. In this episode Dr. Cherry and I discuss the importance of understanding the meaning of retirement and creating a vision for the future. He introduces the concept of the four T's: trial, triumph, transition, and transformation, and explains how these stages can impact one's retirement journey. We also discuss the emotional aspect of money and the need to give oneself permission to enjoy retirement. Dr. Cherry shares personal stories and insights to inspire you to embrace your financial freedom and live a fulfilling retirement. Useful Links Dr Cherry’s Website Subscribe to the Humans vs Retirement podcast on Apple Podcasts, and Spotify Download for free my 7 Step Retirement Toolkit Subscribe to my fortnightly newsletter Stay The Course Connect With Preston LinkedIn X / Twitter Connect With Me TFP Financial Planning LinkedIn X / Twitter Book in a chat if you want a second opinion about your retirement planning. Email at dan@tfp-fp.com Find out more at www.humansvsretirement.com 

Summary Wade Pfau is the founder of Retirement Researcher and Professor of Retirement Income at the American College of Financial Services. He is one of the world's leading experts on retirement income strategies and actively researches and publishes his findings in prestigious journals and media outlets in the United States. He is also a published researcher and author. With his extensive knowledge and expertise in retirement income, Wade has established himself as a trusted authority in the field. His work and contributions have greatly influenced the understanding and implementation of retirement income strategies, making him a highly respected figure in the financial services industry. In this episode Wade and I focus on retirement income styles and the different strategies individuals can use to generate income and manage their finances in retirement. Wade emphasises the importance of finding an approach that aligns with a person's individual preferences and comfort levels. Our conversation also touches on topics such as spending patterns and optimal withdrawal rates for retirement income. Useful Links Retirement Researcher Website Wade’s books Retirement Planning Guidebook, Safety-First Retirement Planning & How Much Can I Spend in Retirement Subscribe to the Humans vs Retirement podcast on Apple Podcasts, and Spotify Download for free my 7 Step Retirement Toolkit Subscribe to my fortnightly newsletter Stay The Course Connect With Wade LinkedIn X / Twitter Connect With Me TFP Financial Planning LinkedIn X / Twitter Book in a chat if you want a second opinion about your retirement planning Email at dan@tfp-fp.com www.humansvsretirement.com  

Summary & About Guest Dr. Jordan Hutchison is VP of Technology for RFG Advisory in the USA and an expert in flow theory. adjunct instructor in Behavioral Finance for Kaplan’s College for Financial Planning. Jordan holds multiple industry certifications, a master's in financial planning, and a doctorate in business administration, specifically in behavioral science and positive psychology. In this episode we discuss the importance of social connections and relationships in the retirement transition, as well as the concept of flow and its connection to identity shifts. Jordan shares insights from his research and study of flow theory, career in the wealth management industry and personal insights from his time as a standout college basketball player and his parent’s life transitions. Useful Links Charles Schwab: The most overlooked factor in aging well (aboutschwab.com) What is flow theory? – An article explaining what it is and how it may help and impact us Flow: The Psychology of Happiness By Mihaly Csikszentmihalyi Subscribe to the Humans vs Retirement podcast on Apple Podcasts, and Spotify Download for free my 7 Step Retirement Toolkit Subscribe to my fortnightly newsletter Stay The Course Connect With Jordan LinkedIn Twitter Connect With Me TFP Financial Planning LinkedIn Twitter Book in a chat if you want a second opinion about your retirement planning Email at dan@tfp-fp.com www.humansvsretirement.com  

Summary Roger is a renowned retirement podcaster, blogger, educator, and planner. With over 8 million downloads and 475 episodes of The Retirement Answer Man show under his belt, and his brilliant community-based Rock Retirement Club he has truly made a mark in the retirement space. We delved into the emotional and behavioural challenges of retirement, discussing how we, as humans, are simply not wired to take on this new phase of life without some battle scars. One of the key topics we explored was the "paycheck anxiety" that many individuals face when transitioning into retirement. The loss of that safety blanket, the feeling of security that comes with a regular paycheck, can be daunting. Roger shared some valuable insights and observations on how to navigate this challenge and find peace of mind in your retirement journey. Useful Links Thinking in Bets by Annie Duke The Power of Agency by Paul Napper & Anthony Rao Winning The Losers Game by Charles Ellis The Top 5 Regrets of The Dying by Bronnie Ware Subscribe to the Humans vs Retirement podcast on Apple Podcasts, and Spotify Download for free my 7 Step Retirement Toolkit Subscribe to my newsletter Stay The Course Connect With Roger Twitter LinkedIn The Retirement Answer Man Podcast Agile Retirement Management   Connect With Me TFP Financial Planning LinkedIn Twitter Book in a chat if you want a second opinion about your retirement planning Email at dan@tfp-fp.com

Summary In the final episode of season one, I’m flying solo to try and distil, summarise, and cover the key points from the previous 11 amazing episodes of the Humans vs Retirement podcast. I can’t express my gratitude to you the listeners enough and I’m so excited for season two, which will launch after a four-to-five-week break. Join me as I reflect on the amazing conversations and insights gained from exploring the behavioural, emotional, and financial challenges of life after work. What You’ll Learn The listener will learn about Finding new purpose and creating joy. Spending money on experiences rather than material things in retirement. The importance of not being too conservative with spending money. The four sources of contentment in retirement. The four anchors of retirement well-being. Effective communication in retirement. The importance of resilience. The being human problem  Useful Resources Subscribe to the Humans vs Retirement podcast on Apple Podcasts, and Spotify Download for free my 7 Step RetirementGPS Toolkit Subscribe to my fortnightly newsletter Stay The Course Connect With Me TFP Financial Planning LinkedIn Twitter Book in a chat if you want a conversation about your retirement.  Email at dan@tfp-fp.com    

Summary In this episode of the Humans vs Retirement podcast, I’m so fortunate to be able to have a conversation with my client and good friend, Andy Murphy, to hear about his experiences and challenges in retirement. Andy shares his career story and how he began to think seriously about retirement. We discuss how important planning and preparation was for Andy, as well as the emotional and psychological adjustments that he has had to make and continues to work through. This episode provides a first-hand perspective on the realities of life after work and offers valuable insights for anyone approaching retirement. What You’ll Learn The listener will learn about: •    The financial and non-financial aspects of retirement. •    A real-life transition into retirement. •    Why involving partners in retirement planning is crucial. •    Getting your affairs in order is an important part of the planning phase. •    How to think and pursuing passions in retirement •    The importance of being flexible with your retirement plans •    Where to find value in retirement •    Why seeking professional and specialist advice is vital. About My Guest Andy had a long, successful 40+ year career working across a variety of roles for one of the big American banks. 5 years ago, Andy wanted to get his affairs in order to eventually retire from the bank. However, this first venture into retirement planning caused more questions than answers. Andy has been retired just over 12 months and now sees himself as a Music Discoverer! As well as his love of music, he enjoys fine art and cooking. Find out more at www.humansvsretirement.com  

Summary In this episode I get to have a brilliant conversation with bestselling author, New York Times columnist and founder of The Behaviour Gap Carl Richards. Carl is internationally renowned for his ability to explain complex financial concepts in an easy-to-understand manner through his sketches and books. We discuss the importance of real financial planning, and the challenges people face in retirement. Carl shares his insights and experiences on how to overcome the behavioural, emotional, and financial challenges of life after work. This episode provides valuable advice and inspiration for anyone navigating retirement planning. What You’ll Learn The idea of retirement as a man-made invention that may not be suitable for everyone, especially those engaged in knowledge work. Retirement may not align with our values and that we may miss out on opportunities to contribute to society and rebuild relationships with loved ones if we retire too early. Retirement is not just a financial problem to be solved with numbers, but a human problem that requires exploration of fears, anxieties, dreams, and aspirations. Many people are unprepared for the emotional and behavioural challenges that come with retirement. The importance of aligning one's values and interests with their retirement plans and finding activities or hobbies that bring joy and fulfilment. About My Guest Carl Richards is a Certified Financial Planner™ and creator of the Sketch Guy column, which appeared weekly for a decade in The New York Times. Carl has also been featured on Marketplace Money, Oprah.com, and Forbes.com. In addition, Carl has become a frequent keynote speaker at financial planning conferences and visual learning events around the world. Through his simple sketches, Carl makes complex financial concepts easy to understand. His sketches also serve as the foundation for his two books, The One-Page Financial Plan: A Simple Way to Be Smart About Your Money and The Behaviour Gap: Simple Ways to Stop Doing Dumb Things with Money (Portfolio/Penguin). His sketches have appeared in a solo show at the Kimball Art Centre in Park City, Utah, as well as other showings at Parsons School of Design in New York City, The Schulz Museum in Santa Rosa, California, and an exhibit at the Mansion House in London.  His commissioned work is on display in businesses and educational institutions across the globe.

Summary In this episode of the Humans vs Retirement podcast, I get to have a great conversation with journalist and author Celia Dodd about her book "Not Fade Away: How to Thrive in Retirement". The conversation focuses on the emotional challenges of retirement and offers practical examples of real people who have gone through retirement that Celia spent time with when writing the book. Celia shares her expertise and research on the retirement, offering insight and advice for those looking to live a happy, healthy, and wealthy retirement. I encourage everyone to check out Celia’s book with a link to buy it in the show notes. What You’ll Learn The listener will learn about The emotional and practical challenges of retiremen The importance of planning and adaptability The need to find purpose and meaning in retirement through soul searching and exploration. The importance of finding new pursuits and interests. The challenges and opportunities of retirement for couples. About My Guest Celia Dodd is the author of a ground-breaking book about retirement, Not Fade Away, which was serialised in the Daily Mail and the Daily Express. She acts as a consultant on retirement courses, and last year created a retirement preparation toolkit for Hampshire Police Force. Celia appears regularly on radio (including Woman’s Hour) to talk about retirement and other issues that affect the over-50s. Her other books include The Empty Nest: Your changing family, your new direction and All Grown Up, which is about relationships with adult children. As well as writing books she is a feature-writer for national newspapers and magazines, including The Times, The Independent and Radio Times. Find out more via www.humansvsretirement.com  

Summary In this episode of the Humans vs Retirement podcast, I get to have a great conversation with licensed marriage and family therapist and financial behavioural specialist, Ashley Quamme, about the challenges of communicating effectively with your spouse during retirement. We discuss how the changing relationship dynamic can affect retirement planning and offer tips for maintaining a healthy relationship during this new phase of life. Ashley also gives a brief rundown of her career and how she transitioned from marriage and family therapy to financial behavioural specialist. What You’ll Learn The listener will learn about: The importance of communication and planning in relationships leading up to and during retirement The challenges that couples face and the need for ongoing dialogue and flexibility. Why both partners must be involved in financial planning. Being vulnerable and seeking help when needed. The value of travel and adventure in retirement. The importance of flexibility and adaptability in response to change. About My Guest Ashley Quamme is a licensed marriage and family therapist, financial behavioural specialist with extensive experience in couples relational work and founder of BAM Financial Consulting As well as being a couple’s therapist, Ashley is married to a Financial Planner! Which means she gets to hear a lot about money, money management practices, and financial planning. Ashley believes the root of many financial issues are emotions, biases, problematic thinking patterns, and beliefs. If left unchecked, these modes for operating can wreak havoc on our lives. Taking what she knows about emotions, thoughts, behaviours, and relationships in the clinical space and applying them in the financial sector is the work that she has come to be passionate about. Find out more at www.humansvsretirement.com