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 My blog about the Japanese concept of Kanreki David's Monopoly Money article WealthGPS – Lifestyle Financial Planning by TFP Download My FREE Retirement Toolkit Subscribe to my Super Sunday Retirement Roundup Newsletter

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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