September 10, 2021 | Episode 16

Retirement Readiness - Fear Factor!

Show Intro (00:27)

Biggest fears or concerns around planning your retirement (1:36)

  • Longevity, bad decisions, running out of money, market crashes
  • The financial industry wants to sell you a solution to help you cope with your fear
  • Identifying the things sabotaging our happiness, making excuses, procrastinating, and giving context to what retirement really means

When work isn’t fun anymore (7:48)

  • Work environments and cultures are changing, and people are thinking about retirement now more than ever
  • Our identity has been tied to what we do, companies struggling to create virtual communities, and getting reengage in an office environment
  • When to stop working and identifying the next chapter of your life, and figuring out who you’re going to be in retirement
  • Difficulty in shifting seasons, and retiring before your spouse

Reducing fear through financial planning (18:44)

  • Getting money from your retirement account(s), shifting from being a saver to being a spender, and being afraid of not having enough money
  • Consulting google and recognizing real financial planning versus just buying financial products
  • Identifying the issues you need to focus on, planning helps guide decisions and acknowledging what you really want to accomplish in life