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:
RFG Advisory
LinkedIn: Brendan Frazier
Connect with Michael Finke:
Michael Finke
LinkedIn: Michael Finke
LinkedIn: Income Path Software
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.
–
Content here is for illustrative purposes and general information only. It is not legal, tax, or individualized financial advice; nor is it a recommendation to buy, sell, or hold any specific security, or engage in any specific trading strategy.
Information here may be provided, in part, by third-party sources. These sources are generally deemed to be reliable; however, neither our guest nor RFG Advisory guarantee the accuracy of third-party sources.
The views expressed here are those of our guest. They do not necessarily represent those of RFG Advisory, its employees, or its clients. This commentary should not be regarded as a description of advisory services provided by RFG Advisory, or performance returns of any client. The views reflected in the commentary are subject to change at any time without notice.
Securities offered by Registered Representatives of Private Client Services. Member FINRA / SIPC. Advisory services offered by Investment Advisory Representatives of RFG Advisory, LLC (“RFG Advisory or “RFG”), a registered investment advisor. Private Client Services and RFG Advisory are unaffiliated entities. Advisory services are only offered to clients or prospective clients where RFG Advisory and its representatives are properly licensed or exempt from licensure. No advisory services may be rendered by RFG Advisory unless a client agreement is in place.
RFG Advisory is an SEC-registered investment adviser. SEC registration does not constitute an endorsement of RFG by the Commission, nor does it indicate that RFG or any associated investment advisory representative has attained a particular level of skill or ability.