Retirement, or what we call Life Two, is one of life’s biggest expenses, and with people working and living longer, traditional retirement planning is becoming more costly and complicated. Jonathan Clements (former personal finance columnist for The Wall Street Journal) of HumbleDollar draws on his experience and observations to tell us what goes into a good retirement plan, and later in the show, we break down an individual’s five financial stages and determine where you are in your retirement planning.
00:00 | Opening
01:30 | Intro to Jonathan Clements: his background
04:30 | The key to financial success is great savings habits
09:40 | Our whiny current self versus the needs of our future self
11:50 | Put retirement first
16:10 | The human side of money
23:40 | Investment and financial strategy in the next stage
26:10 | Visualize retirement, identify what matters to you
34:40 | Financial risks in retirement: don’t over-complicate things
43:00 | Paternalism helps retirement readiness
46:30 | Where the financial services industry can add value
52:10 | Personal feelings today
54:50 | Jonathan’s website and further reading
58:40 | Don’s personal touch: Three action steps for you to take, what to avoid, and mindsets to adopt
To purchase Don Ezra’s book, visit donezra.com.