The Human Side of Money 120: The Three Cornerstones of a Happy And Fulfilling Retirement with Michael Finke
Michael Finke’s research shows that the trifecta of a happy and fulfilling retirement incorporates:
- Money
- Health
- Social Connection
Most financial advisors know the money part.
But how can you incorporate the other health and social connection parts into a financial plan to help your clients live a happy and fulfilling retirement?
Fortunately, Michael Finke is the foremost authority on this topic and shares with us the three cornerstones of a happy and fulfilling retirement and how to incorporate it into your retirement planning work with clients.
You’ll Learn:
- The only two places your money can go
- How to increase your clients’ happiness per dollar spent
- Why your clients should start taking forced semi-retirements
- One thing most retirees believe will provide satisfaction but doesn’t
- The amount of wealth where life satisfaction peaks before falling again
- The one relationship in your life with the highest correlation to life satisfaction
Resources:
- 98: Creating a Unique Money Vision to Build a Client’s Ideal Life With Jake Northrup
- 53: The Psychology of Decision-Making in Financial Planning With Hal Hershfield
- “Your Future Self: How to Make Tomorrow Better Today”
- “The Secret of Our Success” by Joseph Henrich
- “Die with Zero” by Bill Perkins
- “Habits of a Happy Brain” by Loretta Graziano Breuning
Connect with Brendan Frazier:
Connect with Michael Finke:
About our Guest:
Michael Finke, Ph.D., is a Professor of wealth management and Frank M. Engle Distinguished Chair in Economic Security Research at The American College of Financial Services. He is a nationally known researcher in the areas of retirement income planning, retirement spending, life satisfaction, and cognitive aging. He is a frequent speaker at financial planning conferences and was named one of the 25 most influential people in the field of investment advising in 2020 and 2021 by Investment Advisor Magazine.
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