That Annuity Show’s Post

"How much do I need in retirement?" It's a deceptively simple question that Bruno Caron poses early in this week's episode with Suzanne Norman, CIMA®, CPCC. She sets the stage for our conversation by explaining how she approaches this loaded yet common query through both psychological and financial lenses. https://lnkd.in/e4NcsSC4 Suzanne joins us again this week on That Annuity Show to cover a very wide range of retirement planning topics, weaving together both practical and emotional considerations. Starting with fundamental questions about retirement readiness, the discussion expands into areas like the "Peak 65" demographic phenomenon, where unprecedented numbers of Americans are reaching retirement age. Norman brings unique insights from her transition from consulting to professional coaching, emphasizing the critical role of purpose in retirement and introducing concepts like "license to spend" and the psychological aspects of financial decision-making. The conversation touches on everything from concrete planning tools like the RISE score to more nuanced topics like cognitive decline and family dynamics in retirement planning. Norman's perspective on women's retirement challenges is particularly illuminating. She highlights how over 40% of women are single when planning for retirement, creating unique challenges in decision-making and financial security. She addresses the complex dynamics of women often taking on caregiving responsibilities for both children and aging parents, which can impact their workforce participation and retirement savings. She emphasizes the importance of financial advisors engaging directly with women clients, noting that many women have historically delegated financial decisions to partners but need to be actively involved in planning their financial futures, especially given their typically longer life expectancy. Mentions: Richard Leider Dr. Robert Waldinger David Blanchett Michael Finke Jason Fichtner Chris Heye Richard Thaler Organizations: Alliance for Lifetime Income Retirement Income Institute CFA Society Boston Harvard (Study of Adult Development) AARP

In this clip from my most recent episode of "Dear Rochester, Retire Well," I discuss these CRITICAL questions you should be asking your financial advisor if they are nearing retirement. 🔍 Link to full episode in the comments! 👇 #FinancialAdvisor #retirementplanning

Many people enter retirement with a fear of overspending, running down their portfolio, and struggling to get by late in retirement. Michael, Jim, and Chad talk about a model being adopted in the financial planning community that considers both the enjoyment of the portfolio and the health of the portfolio in retirement. Michael highlights the life experiences that can be missed when clients focus on taking as little as they can out of their portfolios. Listen along as these advisors share why both overspending and underspending should be a concern when taking an income. Later in the episode, the advisors chat about why the firm encourages clients to be educated even when clients trust them to do whatever seems necessary.

According to LIMRA data, interest in annuities, which was as low as 33% in 2018, jumped in 2023. For the first time, a majority of workers (52%) said they would consider converting a portion of assets into a lifetime-guaranteed annuity in retirement. I plan to watch LIMRA's first episode of Industry Insights With Bryan Hodgens. Bryan will explore how our industry can help future retirees achieve financial security. The live stream takes place on April 24: https://lnkd.in/ePqNu9KM #Retirement #Investors #FinancialSecurity #IndustryInsightsWithBryanHodgens

According to LIMRA data, interest in annuities, which was as low as 33% in 2018, jumped in 2023. For the first time, a majority of workers (52%) said they would consider converting a portion of assets into a lifetime-guaranteed annuity in retirement. I plan to watch LIMRA's first episode of Industry Insights With Bryan Hodgens. Bryan will explore how our industry can help future retirees achieve financial security. The live stream takes place on April 24: https://lnkd.in/eNeSHsCN #Retirement #Investors #FinancialSecurity #IndustryInsightsWithBryanHodgens

According to LIMRA data, interest in annuities, which was as low as 33% in 2018, jumped in 2023. For the first time, a majority of workers (52%) said they would consider converting a portion of assets into a lifetime-guaranteed annuity in retirement. I plan to watch LIMRA's first episode of Industry Insights With Bryan Hodgens. Bryan will explore how our industry can help future retirees achieve financial security. The live stream takes place on April 24: https://lnkd.in/g-ANaSPr #Retirement #Investors #FinancialSecurity #IndustryInsightsWithBryanHodgens

Curious about the evolution of financial planning? Join us in our latest episode of The Compass Wealth Conversations Podcast as Brendon Murphy interviews Patrick Lyman, President Emeritus of Compass Financial Solutions, about his 50+ years of industry experience and the changing landscape of financial solutions. Discover the power of indexed annuities and why they might be just what you need for a secure retirement. Tune in today: https://lnkd.in/ePaBFkuW 🗣️ We want to hear your thoughts! Share your retirement planning experiences in the comments and let's start a conversation. #RetirementPlanning #Annuities #CompassWealthConversations

Are you worried about outliving your savings? It’s a common concern that many retirees face. The idea of running out of money during retirement can feel overwhelming, especially as you plan for a potentially long and uncertain future. But the good news is, you don’t have to navigate these financial challenges alone. In episode 88, we’ll dive into effective strategies designed to help you manage your finances with confidence throughout retirement. From creating sustainable income streams to addressing healthcare costs and inflation, we’ll cover essential tactics to help ensure your savings last and help you secure a comfortable retirement. If you have any questions or if something from today’s episode resonated with you, feel free to reach out! You can call or text us at (810) 842-5462—whichever works best for you! We can’t wait to help you C.L.I.M.B. Through Retirement! Listen here: https://lnkd.in/gwJpuvVk

According to LIMRA data, interest in annuities, which was as low as 33% in 2018, jumped in 2023. For the first time, a majority of workers (52%) said they would consider converting a portion of assets into a lifetime-guaranteed annuity in retirement. I plan to watch LIMRA's first episode of Industry Insights With Bryan Hodgens. Bryan will explore how our industry can help future retirees achieve financial security. The live stream takes place on April 24: https://lnkd.in/eJDn7uWb #Retirement #Investors #FinancialSecurity #IndustryInsightsWithBryanHodgens

According to LIMRA data, interest in annuities, which was as low as 33% in 2018, jumped in 2023. For the first time, a majority of workers (52%) said they would consider converting a portion of assets into a lifetime-guaranteed annuity in retirement. I plan to watch LIMRA's first episode of Industry Insights With Bryan Hodgens. Bryan will explore how our industry can help future retirees achieve financial security. The live stream takes place on April 24: https://lnkd.in/eNJb48id #Retirement #Investors #FinancialSecurity #IndustryInsightsWithBryanHodgens