Description
Every day, financial advisors help clients plan for their retirement. Retirement goals are discussed, financial models are run, and retirement withdrawals are optimized. However, financial preparation is only one pillar of happiness in retirement. In this presentation, Michael Finke, Ph.D., CFP® walks us through the latest research on retiree happiness, highlighting other areas where clients should invest to secure their future life satisfaction. Topics discussed include the impacts of relationships on retiree happiness, cognitive decline’s relationship with investment performance, and the factors associated with having a higher likelihood of overspending or underspending in retirement. Michael provides strategies that advisors can use to ensure that once they help clients prepare for retirement financially, they can also help them prepare to actually enjoy it.??
Learning Objectives
Identify trends in life satisfaction during retirement
· Initiate client conversations to plan for a fulfilling retirement, including setting lifestyle and legacy goals
· Explain the impact of relationships on retiree happiness
· Anticipate the physical and cognitive decline of aging clients and understand the potential impacts on their behavior as an investor