The Humans vs Retirement Podcast

Latest Episodes:

An Evidence-Based and Academic Approach to Retirement Planning with David Jones Feb 09, 2024

Show notes

Summary

In this episode, I get to sit down with David Jones from Dimensional about evidence-based investing and retirement planning. We discuss the challenges of the retirement transition, the importance of social connections, and the role of financial planning in retirement. We also explore the fear of spending money in retirement and the benefits of intergenerational wealth. Our conversation concludes with a discussion on the Japanese concepts of Kanreki and Ikigai in retirement and the secret of evidence-based investing.

Takeaways

Retirement transition can be challenging, and it is important to have a clear financial plan and structure in place.
Social connections are crucial in retirement for mental and physical health.
Investing in retirement should be based on evidence and academic research to mitigate risks and achieve long-term goals.
Overcoming the fear of spending money in retirement requires open communication, financial planning, and understanding the purpose of wealth.
Intergenerational wealth and gifting can be beneficial for both the giver and the receiver, and open conversations about money within families are important.

Chapters

00:00 Introduction and Background

04:35 Dimensional's Evidence-Based Approach

07:43 The Lack of Academic Research in Investing

10:03 The Challenges of Retirement Transition

13:18 The Challenges of Retirement

16:21 The Importance of Social Connections in Retirement

18:01 The Role of Financial Planning in Retirement

19:37 Investing in Retirement with Evidence and Academic Research

28:55 Understanding Risk in Retirement

36:44 Overcoming the Fear of Spending in Retirement

43:28 The Importance of Financial Planning in Retirement

46:17 The Challenges of Spending Money in Retirement

48:30 Using Monopoly to Understand Intergenerational Wealth

55:16 Japanese Concepts of Kanreki and Ikigai in Retirement

01:06:37 The Secret of Evidence-Based Investing

Episode Links & Resources

Age Well and Feel Great: Optimise Your Age and Live Strong in Your Second Half with Al Lyman Feb 02, 2024

Show notes

Summary

Al Lyman discusses the importance of health and quality of life in retirement. He emphasizes the difference between lifespan and healthspan, highlighting the need to focus on the quality of years rather than just the number of years lived. Al shares personal anecdotes about his mother's health struggles and the impact it had on her and her family. He provides practical steps for boosting energy and health in retirement, including focusing on real food, reducing sugar intake, and incorporating exercise. Al also addresses the importance of strength training, maintaining muscle mass, and the enjoyment and achievement that come with taking control of one's health in retirement. The conversation explores the importance of health in retirement and the second half of life. Al emphasises the need to prioritize health over material possessions and accumulate wealth for the purpose of enjoying time and experiences. Al also shares his personal experiences and aspirations for his own second half, highlighting the importance of living a healthy lifestyle and creating meaningful memories with loved ones.

Takeaways

Material possessions lose their importance in the face of ill health.
It is crucial to prioritize health in the 30-45 age group to prevent future difficulties.
Accumulating wealth should be for the purpose of enjoying time and experience Living stronger in the second half of life involves taking control of one's health and creating meaningful memories.

Chapters

00:00 Introduction and Excitement for the Conversation

01:12 The Importance of Health in Retirement

03:03 The Difference Between Lifespan and Healthspan

07:42 The Quality of Years and Avoiding Chronic Disease

14:12 Practical Steps to Boost Energy and Health in Retirement

22:46 Being Intentional and Overcoming Fear in Retirement

36:30 The Importance of Strength Training and Muscle Mass

45:19 Enjoyment, Consistency, and the Truth in Aging

49:25 Material Possessions and Ill Health

51:10 The Importance of Health in the 30-45 Age Group

52:11 The Point of Accumulating Wealth

52:54 The Value of Health

53:35 Al Lyman's Second Half

57:16 Living Stronger in the Second Half

58:41 The Importance of Health in Retirement

Episode Links & Resources

The Importance of Addressing Your "Money Scripts" in Retirement with Sonya Lutter Jan 26, 2024

Show notes

Summary

In this episode, Sonya Lutter discusses the intersection of financial wellbeing and mental health in retirement. She emphasises the importance of addressing money scripts and financial behaviours, as well as aligning spending with values in retirement. Sonia also explores the challenges that arise in marriage and relationships during retirement and highlights the significance of purpose in leading a happy and fulfilling retirement. Additionally, she discusses the value of working with a financial advisor in achieving financial satisfaction and relationship satisfaction in retirement. In this episode, Dan and Sonia discuss the key to happiness in retirement and the impact of financial planning on people's lives. They also explore Sonia's work and resources for individuals and couples preparing for retirement. The conversation concludes with a reflection on the importance of love in retirement planning.

Takeaways

Financial planning can lead to greater happiness and freedom in retirement.
Sonia offers online courses, books, and research papers to help individuals and couples prepare for retirement
Love should be prioritized over money when planning for retirement.

Chapters

00:00 Introduction and Background

03:00 The Intersection of Financial Wellbeing and Mental Health

08:21 The Emotive Nature of Money

11:02 Money Scripts and Financial Behaviours

14:55 The Importance of Addressing Money Scripts in Retirement

19:06 The Challenge of Spending Money in Retirement

21:35 Aligning Spending and Values in Retirement

27:04 Navigating Changes in Marriage and Relationships in Retirement

30:47 Mental Health Challenges in Retirement

34:47 The Importance of Purpose in Retirement

38:55 The Value of Working with a Financial Advisor

47:01 The Key to Happiness

48:03 Sonia's Work and Resources

49:21 Love Comes First

Episode Links & Resources

The Power of Building Social Networks in Retirement with Lee Robertson Jan 19, 2024

Show notes

Summary

Lee Robertson, a former financial planner and co-founder of Octo Members, shares insights on the challenges and changes in retirement over the years. He emphasises the importance of planning for retirement, not just financially but also in terms of filling one's day and pursuing passions. Lee discusses the shift from traditional final salary (DB) pensions to defined contribution plans and the need for individuals to navigate retirement on their own. He encourages people to focus on creating memory dividends and living a fulfilled retirement. Lee also shares his personal journey of stepping away from a successful financial planning business to pursue his passion in setting up Octo Members. In this conversation, Lee discusses the importance of sleep and mental wellbeing in retirement. He shares his personal struggles with sleep and how it affected his transition from owning a financial planning business to starting a new start-up. Lee also recommends resources, such as Daniel Huberman's series and the Humans vs Retirement podcast, for people heading into retirement.

Takeaways

Retirement is a life transition that requires planning and preparation, both financially and in terms of filling one's day with meaningful activities.
The challenges in retirement include concerns about financial security, finding purpose and identity, and adapting to a new lifestyle.
Retirement has changed over the years, with the shift from traditional pensions to defined contribution plans and the need for individuals to take more responsibility for their retirement savings.
Creating memory dividends and pursuing passions are important aspects of a fulfilling retirement.
Following passion and purpose can lead to a more satisfying retirement, even if it means stepping away from a successful career or business.

Chapters

00:00 Introduction and Background

03:11 Challenges in Transitioning to Retirement

07:05 The Changing Landscape of Retirement

13:11 Retirement Challenges Over the Years

19:23 The Importance of Planning and Creating Memory Dividends

23:49 The Modern-Day Retirement

29:24 Stepping Away from a Successful Business

37:32 Following Passion and Purpose

45:30 Doing More of What You Love in Retirement

45:55 Recommended Resources

46:24 Sleep and Mental Wellbeing

47:22 Resources for Retirement

48:23 Closing Remarks

Episode Links & Resources

Reflecting On Season 2: What it Means To Be a Retirement Rebel with Me Dan Haylett Nov 24, 2023

Show notes

This is the 27th and final episode of season 2 of the Humans vs Retirement podcast

As I reflect on the past four months I just want to say a massive thank you to everyone of you that continuies to tune in to the show week after week. The growth of the listnership has been mindblowing and the feedback I'm getting shows the impact that these conversations are having and that is truly humbling!

In this solo episdoe I share five personal takeaways from the season's conversations, including the importance of embracing change and growth, social connections and mental well-being, actively shaping retirement life, and embracing transitions for a vibrant retirement.

I also share what I think is the step change that is happening in retirment right now, that is the rise of the retirement rebels...

What is a retirement rebel? Why is there a retirement rebellion happening? and what are the challenges of being one?

I also share what I believe to be the biggest misconception that people embarking on retirement have and what they get wrong the most, you wont want to miss what I have to say!

Here are the links to the free resources that I mention in the episode...

Here is to a very Merry Christmas and a Happy New Year... see you in 2024!

6 weeks into his retirement! An inspirational real retirement story with Neil Jones Nov 17, 2023

Show notes

Summary

In this episode of the Humans vs Retirement podcast, I'm so fortunate to be able to have a conversation with my wonderful and newly retired client, Neil Jones. Neil graciously shares his first-hand experiences and challenges in planning his retirement as well as his career story and how he began to think seriously about what life after work would look like. We discuss how important planning and preparation was for Neil, 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.

Useful Links

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 Me

TFP Financial Planning

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Book in a chat if you want a second opinion about your retirement planning.

Email at dan@tfp-fp.com

Bold Not Old: Embrace Your Entrepreneur Spirit in Retirement with Wallis Pattisonn Nov 10, 2023

Show notes

Summary

Wallis is an authority on how to be an ageing entrepreneur. She is a speaker, and author and is intent on disrupting the accepted norm around what is possible as we age. Wallis is different to most people her age, she is straightforward, quirky and has an attitude of let's give it a try. She is the founder of Bold Not Old, a platform for education and self-awareness for 'The Silver Economy' and CEO and editor-in-chief of Empowering Boldness a bi-monthly magazine.

Her passion is to challenge those who are 55+ to get out of their comfort zone rethink retirement and have a go at being an entrepreneur. She encourages creativity, daring to be different, thinking fabulous and proving that pursuing a passion can add years to our lives. As Wallis herself says "there is no Utopia, but life can be joyous, even the challenges can be small bumps on the journey to what is next"

In this episode Wallis and I discuss challenging the traditional beliefs about aging, explore the power of entrepreneurship in retirement and the ability for today's 'retirees' to disrupt societal norms.

Useful Links

Check out Bold Not Old

Visit Wallis's website

Subscribe to Wallis's brilliant YouTube channel

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 Wallis

Twitter/X

Connect With Me

TFP Financial Planning

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Book in a chat if you want a second opinion about your retirement planning.

Email at dan@tfp-fp.com

Health & Wealth Are Two Sides of The Same Coin with Dr Phil Pearlman Nov 03, 2023

Show notes

Summary

Dr Phil Pearlman is the founder of The Pearl Institute, a teacher by nature and expert in the areas of personal health and effective processes of change.

Phil set out on his own health journey after spending years neglecting his wellbeing and happiness and emerged thriving and eager to help others. From that he created The Pearl Institute and has dedicated his life to helping people optimize their wellbeing. That's his calling!

He is the author of The Primecuts Newsletter, which focuses on cultivating a healthy lifestyle and mindset through the powers of creativity, reinvention, and grit and has been an advisor to and investor in social/digital media companies. He has served as CBO and CMO at Osprey Funds, EVP at Bank OZK, Executive Editor at Stocktwits, and Interactive Editor at Yahoo Finance.

Phil earned a Doctor of Psychology degree from Argosy University and lives with his wife and two boys in Montebello, New York.

In this episode Dr Phil and I discuss the importance of health in retirement and how it impacts our ability to enjoy and make the most of our financial resources we've accumulated and more importantly the newfound time and freedom we have. Phil shares his knowledge and wisdom on growing healthier, performing better, leading stronger lives, and making wiser decisions, all of which can be applied to retirement.

Useful Links

Subscribe to Phil's brilliant newsletter Prime Cuts

Check out The Pearl Institute website and discover how Phil can help you!

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 Dr Phil

Twitter/X

Connect With Me

TFP Financial Planning

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Book in a chat if you want a second opinion about your retirement planning.

www.humansvsretirement.com

Be a Retirement Rebel and Live Your Victory Lap Retirement with Mike Drak Oct 27, 2023

Show notes

Summary

Mike Drak is a retirement lifestyle expert and renowned author. He is the author of three books: "Longevity Lifestyle by Design," "Victory Lap Retirement," and "Retirement, Heaven and Hell." With his expertise in retirement lifestyle design, Mike has become a go-to expert for high-profile blogs and organizations. He is also a contributor to the digital media hub called Booming Encore. Mike emphasises the non-financial aspects of retirement and the importance of finding purpose and meaningful activities in retirement. His personal story of struggling with retirement shock adds to his credibility and understanding of the challenges faced by retirees. Overall, Mike's achievements and credentials establish him as a trusted authority in the field of retirement lifestyle design.

In this episode I dig into Mike's extensive experience and expertise in retirement planning, combined with his passion for helping people live their best retirement lives and it made for an incredibly insightful conversation. We discussed the non-financial elements of retirement, how to design a fulfilling retirement lifestyle, and the importance of mindset in achieving a happy, healthy, and wealthy retirement.

Useful Links

Buy Mike's brilliant books Longevity Lifestyle by Design, Victory Lap Retirement and Retirement, Heaven, and Hell
Booming Encore
Humble Dollar
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 Mike

Connect With Me

TFP Financial Planning
LinkedIn
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Book in a chat if you want a second opinion about your retirement planning.
Email at dan@tfp-fp.com

The Yin and Yang of Retirement: Balancing Financial Security with Personal Fulfilment with Lyle Sussman and David Dubofsky Oct 20, 2023

Show notes

Summary

Dr Lyle Sussman is the former Chairman and Professor of Management and Entrepreneurship, University of Louisville, and Professor Emeritus. Aside from 65 scholarly articles, he is a bestselling business author with more than 1,000,000 copies of his books in print in 15 languages. Excerpts of his books have appeared in Harvard Business Review Updates, Savvy, Bottom Line Reports, Working Woman, Inc., Success, Executive Book Summaries, Investor's Daily, CNN, American Banker, US Air In Flight Audio, and hundreds of management blogs. He has spoken to more than 100,000 people and consulted around the world for both the private and public sector, with significant impact in the banking industry. He received his PhD from Purdue University, and his BS and MS degrees from University of Wisconsin-Milwaukee. He was selected for Who's Who in Business Higher Education

Dr Dubofsky has published over 40 articles in journals including Journal of Finance, Journal of Financial and Quantitative Analysis and Journal of Money, Credit and Banking. He is the author of Derivatives: Valuation and Risk Management (co-authored with Tom Miller), and Options and Financial Futures: Valuation and Uses. Prior to retiring in 2020, Dr Dubofsky held faculty and administrative positions at TCU Neeley School of Business, the University of Louisville, Texas A&M University, Virginia Commonwealth University and Seattle University. Previously, he was a visiting academic scholar for the Office of Economic Analysis at the U.S. Securities and Exchange Commission and worked for Nalco Chemical Company and Standard Oil of Indiana. He earned his PhD in Finance from the University of Washington, MBA from the University of Houston, and BE in Chemical Engineering from City College of New York. He is a CFA® charterholder.

In this episode Lyle, David and I delve into their specialist area of the intersection of money, emotions and behaviours. We discuss their brilliant book Your Total Wealth as well as covering of the very important topic of information vs wisdom and how in an always on, information rich world, the application of true wisdom can make a big impact on your retirement journey.

Useful Links

Visit Lyle & David's website Your Total Wealth

Buy their wonderful book Your Total Wealth: The Heart & Soul of Financial Literacy

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 David

Connect With Lyle

Connect With Me

TFP Financial Planning

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Book in a chat if you want a second opinion about your retirement planning.