89 episodes

This retirement podcast covers the changing nature of retirement today. Our guests offer useful insights on how to retire as well as the non-financial aspects of a successful retirement transition including retiring early, working longer and making a career shift in pre-retirement.

The Retirement Wisdom Podcas‪t‬ Retirement Wisdom

    • How To
    • 4.7 • 45 Ratings

This retirement podcast covers the changing nature of retirement today. Our guests offer useful insights on how to retire as well as the non-financial aspects of a successful retirement transition including retiring early, working longer and making a career shift in pre-retirement.

    Tools for a Career Change – Mark Herschberg

    Tools for a Career Change – Mark Herschberg

    What was your career plan when you were graduating from college? You probably didn't leave college equipped with the skills to make a career change midlife. So if you're considering a second career, a career change at 50 or a career change at 60, our guest today has valuable information you'll want to hear. If you have family members, colleagues, or neighbors who ask you for career advice, you'll find this conversation very helpful.

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    Bio

    Mark Herschberg is the author of The Career Toolkit, Essential Skills for Success That No One Taught You. From tracking criminals and terrorists on the dark web to creating marketplaces and new authentication systems, Mark has spent his career launching and developing new ventures at startups and Fortune 500s and in academia. He helped to start the Undergraduate Practice Opportunities Program, dubbed MIT's "career success accelerator," where he teaches annually. At MIT, he received a B.S. in physics, a B.S. in electrical engineering & computer science, and a M.Eng. in electrical engineering & computer science, focusing on cryptography. At Harvard Business School, Mark helped create a platform used to teach finance at prominent business schools. He also works with many non-profits, including Techie Youth and Plant A Million Corals. He was one of the top-ranked ballroom dancers in the country and now lives in New York City, where he is known for his social gatherings, including his annual Halloween party, as well as his diverse cufflink collection.



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    Wise Quotes

    On Career Changes Midlife



    "This is my third recession and I'm only mid-career. So I, I very much see and understand what they're going through. In fact, during the great recession, I helped teach at a program sponsored by New York's Economic Development Council, in which we were taking people who lost not simply their job, but their career. Their entire career was getting displaced and not coming back post-recession. And New York said to us: We can't have them sitting on the sidelines. These are capable people. How do we get them back to work? We looked at where the jobs were being created and the nature of those jobs, typically the people being displaced were coming from large corporations. So certainly coming out of 2008, 2009, lots of financial services, lots of big companies where you had multiple layers of bureaucracy. The jobs being created were in tiny companies in startups, in companies, less than 50 people, sometimes less than 20 people. The biggest change was trying to get people to see those jobs and feel comfortable in those jobs. It wasn't so much a domain skill challenge. It's not that. If you've been at big corporations, your whole life, look at these small companies and then recognize that cultural difference.



    So if you're in a big company of 30,000 people, you're used to having the pre-meeting to plan the meeting, to coordinate the meeting for the meeting to discuss something. So at six months later, decisions made when you're at these tiny 20 person startups, and you say, Hey, I have an idea. So you turn around in your chair and you're talking to the boss, who's sitting three feet from you in another chair because there are no offices here.  And the boss says, okay, that sounds great. Well, that was the meeting. Those were the six months condensed to a six-minute conversation and understanding these cultural differences, how the businesses operate, that you can move fast and break things, which is very different from these big traditional corporations. That was the biggest challenge. And so to people who are saying, I need to find something different. It's not just the same job with a different company. Look at different types of companies and understand it's not just going to be the mechanics of the role, but understand the cultural differences.

    • 30 min
    10 Minutes or Less (Highlights – Season 4: Month 2)

    10 Minutes or Less (Highlights – Season 4: Month 2)

    We help you balance your retirement planning. No other podcasts cover the non-financial side of retirement planning as in-depth.



    Here's a recap of what we learned in the second month of our 4th season of The Retirement Wisdom Podcast talking with:



    Barbara O'Neill, A Distinguished Professor Emeritus at Rutgers University and author of Flipping the Switch: Your Guide to Happiness and Financial Security in Later Life.

    J. Kelly Hoey author of Build Your Dream Network.

    Lance Oppenheim, a filmmaker from South Florida, on his first feature film: Some Kind of Heaven



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    You can listen to the full conversations here:



    When Will You Flip the Switch? – Dr. Barbara O’Neill



    How’s Your Network? – Kelly Hoey



    Some Kind of Heaven – Lance Oppenheim



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    About Retirement Wisdom



    We help people who are retiring from their primary career – and aren’t done yet –  discover what’s next.



    A long retirement is a terrible thing to waste. And a meaningful retirement doesn’t just happen by accident.



    Schedule a call today to discuss how our Designing Your Life® coaching programs can help you make yours great.



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    Explore retirementwisdom.com



     

    • 7 min
    Plan Holistically for Retirement – Chad Willardson

    Plan Holistically for Retirement – Chad Willardson

    What are your images of retirement? How do you picture yourself enjoying your hard-earned freedom? It'll take savvy holistic planning to achieve your vision. It starts with holistic financial planning, but it includes planning for the non-financial aspects as well. Trusted advisors can be valuable assets in your holistic planning for retirement.



    Our guest is Chad Willardson, President, and Founder of Pacific Capital.  I talk with Chad about his observations on retirement planning and:



    Why he founded Pacific Capital

    Why he does what he does

    What key differences he sees between people who are successful in retirement and those who struggle

    Common mistakes to avoid in planning for retirement

    What surprises his clients most about life in retirement

    The challenges entrepreneurs face in planning for retirement

    What people should look for in a financial advisor

    Key takeaways from his book Stress Free Money - and a preview of his upcoming second book



    Chad joins us from Southern California.



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    Bio

    Chad Willardson is the President and Founder of Pacific Capital and is a Certified Financial Fiduciary®, Accredited Wealth Management Advisor and Chartered Retirement Planning Counselor. Before founding Pacific Capital, he spent 9 years at Merrill Lynch, where he ranked in the top 2% of over 16,000 Financial Advisors nationally. Chad is the author of the Best Selling Book: Stress Free Money: Overcome These Seven Obstacles to Find Financial Freedom. Chad is passionate about financial education and believes that with the right tools and resources, people can be empowered to make smart money decisions. He loves to help people organize their financial life, clarify their goals, and make decisions that lead them to a successful and fulfilling life. A native of Orange County, CA, Chad and his wife of 17 years live in Corona, CA with their five children.



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    Wise Quotes

    On Purpose & Meaning in Retirement



    "People who are successful in retirement have a lot of meaning and purpose. They don't just stop cold turkey. Most of them have other ideas or pursuits, whether it's hobbies, businesses, charitable giving, charitable time, and spending time with their grandchildren in a productive way. I feel like the people who actually retire to something rather than retire from something are much more successful. It's one thing to say, I'm going to stop work at age 60. It's another thing to say between age 60 and 70 here are my 10 big goals or the big things on my bucket list that I really want to focus on. And I've seen people really, really thrive after they stopped their primary career and even explore new opportunities that they never thought they could do, like starting a business with a grandson or learning how to do something new, like getting into cycling or getting into art or traveling with your family. There are so many things that I've seen people do in retirement. That shows me that you really need to have a game plan. It's it could be a 10,000 days journey. And to, to just simply think, well, I don't have to do anything anymore, you're kind of setting yourself up for failure."



    On Priorities in Retirement



    "I think people, once they get to retirement, they realize that there were a lot of things they weren't doing often enough, like self-care and taking care of their health. I've seen many people just work themselves so hard, work so many hours, with so much extra stress, that they're finally able to really take better care of themselves. And relax and do things that are more fulfilling than doing something just for a paycheck. It's definitely on the unfortunate side, but I think the healthcare costs are typically a negative surprise. It costs more than they expect on the positive side.

    • 21 min
    How’s Your Personal Brand? – Wendy Marx

    How’s Your Personal Brand? – Wendy Marx

    Creating a second act in mid-life and beyond takes reinvention. But our guest today tells us it's only part of the story. Wendy Marx, author of Thriving at 50+: The 7 Principles to Reinvent & Rebrand Yourself, notes that it's wise to also update and upgrade your personal brand.



    We discuss with Wendy:



    The biggest challenges that people 50 + face today

    The story behind how her book came about

    What it takes to reinvent yourself in a mid-career or second career context

    The ways people cultivate the mindset necessary for reinvention

    How people find a new purpose

    What a personal brand is – and why it's so important today for those of us who are 50+

    Her stories of people's reinvention and rebranding

    Wendy's personal story of how she reinvented and rebranded yourself

    Her advice on how to reinvent yourself



    Wendy Marx joins us from Connecticut.



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    Bio

    Wendy Marx is an award-winning public relations and marketing communications executive who helps B2B companies and executives become well-known brands. Her ability to take SMBs from "Anonymity to the New York Times"™ has driven the growth of Marx Communications.



    Her book, “Thriving at 50 Plus” draws on over 30 years of experience, and her own career reinvention (times 5!). She's helped hundreds of people go from anonymity to influential thought leaders



    For the last 20+ years, she has served as president of Marx Communications, which has helped numerous companies become industry icons. Her firms’ PR efforts have directly led to companies inking major partnership deals with Dow Jones, The NASDAQ and other major organizations, and spurred their being acquired.



    Among her achievements, Wendy planned and executed the original public relations strategy that helped fuel the spectacular growth of Peppers and Rogers Group, the world's preeminent customer relationship firm.



    Her technology and business articles have appeared in the New York Times, Information Week, and Computerworld and she has written advertorials for Fortune and Forbes on technology subjects. She blogs on public relations and marketing leadership issues for Fast Company. She is a cum laude graduate of Brandeis University, holds an MBA from the University of Michigan and a master’s degree from the Columbia University Graduate School of Journalism.



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    Wise Quotes

    On Reinvention



    "Realize that you don't reinvent yourself by snapping your fingers and going, I'm going to reinvent. It's actually a time-consuming process. It's not just a straight upward trajectory. And in the process of writing my book, I interviewed many, many people who had successfully reinvented and rebranded themselves. And based on that, I developed a framework that I call my seven principles. And that includes everything from having a Growth Mindset, to being uncomfortable, a willingness to learn, finding your purpose, storytelling, personal branding, and social media and mentoring. And by following those steps, you can truly have a successful reinvention and rebranding."



    On Why You Shouldn't Go it Alone



    "One is that if you're stuck like that, it's often helpful. When I actually did this myself to hire a coach, somebody who can, I like to say, give you a Swift kick on the behind so that you're able to start checking yourself a little bit and making some changes. If you don't want to hire a coach, another thing is to be part of a support group where you're with other people who are contending with some of the same challenges you are, and you can mutually help each other. Also doing some volunteer work. Often times you start doing something and that ends up changing you. What psychologists and researchers have found is that just sitting on th...

    • 31 min
    Lessons Learned in Early Retirement – Chris Mamula

    Lessons Learned in Early Retirement – Chris Mamula

    What can you learn about Early Retirement and the FIRE movement from someone who retired at 41 over three years ago? We catch up with Chris Mamula, of  Can I Retire Yet.com. We first talked with Chris two years ago on his emerging lessons learned, how his early retirement lifestyle is evolving, and his recommendations for listeners who are considering an early retirement plan. He's written a book since we last spoke (Choose FI: Your Blueprint to Financial Independence) and he shares his thoughts on why preparing for the non-financial side of early retirement is important.

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    We discuss with Chris:







    His story of deciding to retire at 41

    What his life is like now 3+years later

    What he knows now that he wishes he knew then

    What he's learned about priorities, uncertainty, and change

    The pros and cons of semi-retirement as an option

    How the FIRE movement is evolving in the pandemic

    His book Choose FI - and the experience of writing it.

    Advice on an early retirement plan









    Chris joins us from Utah.



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    Wise Quotes

    On Life in Early Retirement 



    "Day-to-day life, it really couldn't be any different. So we were living in this small town in Pennsylvania. Now we live in a ski town in Utah. Back then I was working a 40 plus hour week with a commute a half hour each way. Now, I still do some work. I write the blog and I've written a book since I left. So, I do some work, but it's really all on my schedule because we live in a ski town. So in the winter, we ski four or five, sometimes six days a week.  And in the summer I'm out hiking, mountain biking, doing things kind of every day. And, my family and I, we kind of fit work in around life. Whereas before I felt like we were just kind of always trying to squeeze life in wherever we could around our work schedules. So, from that perspective, it's, it really couldn't be much different."



    On What He Knows Now That He Wish He Knew Then



    "I was certainly writing about the softer side of retirement, like purpose and meaning and structure, and all these things that we're talking about. But I kind of wish I would've spent even more time on that part because I think the financial part gets a lot of the emphasis in retirement planning. There's a lot of stuff you can't know as far as like future market returns and interest rates and inflation and all that stuff. But you know, you can kind of play in and have contingencies. But, I just found that there's just not a lot of information [about the softer side of retirement] I think it's very individual for everybody on how you're going to adapt and adjust and find purpose and meaning - and find that structure. Everybody's a little bit different and I wish I would have focused maybe even a little bit more on that - or at least maybe had a little more grace for myself, as far as like having a little bit less expectations for retirement and just kind of going with the flow a little bit more."



    On Risks and Mitigation in an Early Retirement Plan



    "I think a lot of times you can mitigate those risks. And another strategy that I kind of use is just taking little bite-sized steps...on something like retirement, which is so overwhelming. And so,  doing something like semi-retiring and doing something like my wife dropping down to part-time work. We still made some massive changes. I let my license go. I'm not a physical therapist anymore. We moved across the country. Those are...kind of one-way decisions. But we also gave ourselves a lot of Slack and leeway,  just by making more moderate and gradual changes in other areas. I mentioned how I love being in the mountains and I rock climb and I'd done high-altitude mountaineering and I'm a skier.

    • 28 min
    Practices for Brain Health – Dr. Krystal Culler

    Practices for Brain Health – Dr. Krystal Culler

    How do you maintain cognitive health as you age? Our guest today is Dr. Krystal Culler and she shares a range of useful practices for brain health and staying sharp.



    We discuss with Dr. Culler:



    How she became interested in Gerontology and Health & Wellness

    How she defines brain health

    The misconceptions she sees people having about brain health

    The relative importance of lifestyle factors versus genetics in cognitive health

    What people should do to foster brain health

    The role habits play in cognitive health

    What we should know about neuroplasticity and lifelong learning

    A book that's had a big impact on her

    Where people should start in cultivating better brain health



    Dr. Culler joins us from Ohio.



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    Bio

    Dr. Krystal Culler is a Doctor of Behavioral Health with a background in the behavioral sciences (psychology of aging, gerontology, and sociology). She is a Senior Atlantic Fellow with the Global Brain Health Institute, where she was the first scholar from the United States to complete her residency training at Trinity College Dublin, Ireland on dementia prevention and the social determinants of brain health. She has an unwavering commitment to promote brain health equity to individuals of all ages and the communities she serves.



    Dr. Culler is the Founder & Creative Director of the Virtual Brain Health Center. Krystal has spent nearly 5 years in Executive-level positions with health non-profit organizations and has 15 years of experience working with individuals with brain health concerns, their families, and advocacy organizations.



    Under her leadership, the centers have received 4 international and national awards from leading organizations in the aging care sector for innovation in brain health programming and community impact including honors from the International Council on Active Aging, Mather Lifeways Institute on Aging, the American Society on Aging and the Southern Gerontological Society on Aging.



    Additionally, she has been recognized through the receipt of 4 personal leadership awards for her contributions to the field including the Global Brain Health Leaders Award (2019) from the Alzheimer’s Association, Alzheimer’s Society, and Global Brain Health Institute, and Crain’s Cleveland Business 40 Under Forty (2017).



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    Wise Quotes

    On Lifestyle versus Genetic Factors



    "One of the most fascinating things about our field is how fast things are growing. So usually we were saying it is about 70% lifestyle and 10% genetics. And Dr. Sanjay Gupta's new book was just released early this year. And the research is actually slanting a little bit more where now 90% of our lifestyle is in our hands and it's 10% genetics. So I like to think that's really empowering for us to know that there are variables that we are able to control own [rather than] inherit, but for the most part, there are many things that we are able to manage and think about in a mindful way to move us forward on our personal brain health and wellness journey, all across our lives."



    On How to Cultivate Brain Health



    "We have different reports that have come out over the years that pinpoint about 15 different factors. And the Lancet report shows that when we look at these different lifestyle factors and we talk about dementia, risk reduction across the world, we can prevent about 40% of those cases. And what we tend to think about kind of categorizing these factors. If we were to think about them in terms of your brain, your body, and your environment with your brain, you want as much education as early in life as you can. You want to stay stimulated, protect your brain, minimize stress or ongoing chronic stress sleep well, minimize depression,

    • 38 min

Customer Reviews

4.7 out of 5
45 Ratings

45 Ratings

Cooprad ,

Great Guests

Getting ready for encore career. This podcast is very thought provoking and helpful for the non-financial decisions. Joe does a good job of interviewing guests and let’s them talk uninterrupted. Recommended.

KathleenScha ,

Insightful content!

Topics reflect the new realities of how we live and work in the second half of life.

ToT14223 ,

Great guests & interviews

Joe & Dennis consistently deliver outstanding and informative interviews. Great job!

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