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Behavioural Finance with Simon Russell

The psychology of retirement, with Andrew Rutter

08 Aug 2022

Description

In this conversation with 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.

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