In this conversation between Simon Russell (author, speaker and consultant in the field of behavioural finance) & Andrew Rutter, we discuss a handful of retirement-related issues that are drawn from the intersection of his and my books on the topic.
We cover:
* Ways to “reframe” retirement. Why thinking about it as one of a series of life transitions can help.
* Retirement mindsets. Do we need to wait ‘til retirement to enjoy life? How should we think about trade-offs with our time & happiness?
* Leaving a legacy. Should we be concerned about what goes on our tombstone, or just let it go?
* Some challenges. What if you want to pass on your wisdom, but nobody wants to listen? For whose benefit is this wisdom transfer?
* The role of planning. How detailed and specific should a plan be, versus flexible and vague? Should it be short or long-term?
* Understanding motivation. Do I really need to know why I like watching the waves crash on the beach, or feel satisfaction from climbing a mountain?
The conversation is relevant for super funds, financial advisers and people thinking about their own future retirement.
