246 - Suzanne Norman and The Emotional Landscape of Retirement

That Annuity Show

In this episode of That Annuity Show, host Paul Tyler, along with guests Bruno Caron and Tisa Rabun-Marshall, engage in a comprehensive discussion with retirement planning expert Suzanne Norman. They explore the complexities of retirement planning, including the emotional landscape retirees face, the importance of financial literacy, and the concept of 'Peak 65' as a significant demographic shift. The conversation emphasizes the need for purpose in retirement, the role of financial advisors, and the emotional aspects of financial decision-making, particularly concerning longevity and healthcare costs. The episode concludes with insights on how to better engage clients in meaningful financial conversations.

Links mentioned in the show:

• RISE Score https://urldefense.com/v3/__https://www.protectedincome.org/research/rise-score-critical-question-enough-money-retirement/__;!!EaVf0A!sN_7u_stOpj1eWhuW8jFgyE0SuYA-U0WR_fEstfGTFqKI_7voM_wSsxkZn7I0QWPMy_LKVUXOK9m0ohsqvoF4g$. Click or tap if you trust this link." href="https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Furldefense.com%2Fv3%2F__https%3A%2F%2Fwww.protectedincome.org%2Fresearch%2Frise-score-critical-question-enough-money-retirement%2F__%3B!!EaVf0A!sN_7u_stOpj1eWhuW8jFgyE0SuYA-U0WR_fEstfGTFqKI_7voM_wSsxkZn7I0QWPMy_LKVUXOK9m0ohsqvoF4g%24&data=05%7C02%7Cpaul.tyler%40zinnia.com%7C8c081c4d25a244dd9dc108dcfaaa85e9%7Cc0d9a15918ab4c31a5a5f4d0b805de7d%7C1%7C0%7C638660857857342311%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=gf5IGi8Sqg%2BAcvkVFZLxV3ixF5BkqtX9DHqWbotGC1o%3D&reserved=0" rel="noopener noreferrer">paper and https://urldefense.com/v3/__https://www.protectedincome.org/rise-calculator/__;!!EaVf0A!sN_7u_stOpj1eWhuW8jFgyE0SuYA-U0WR_fEstfGTFqKI_7voM_wSsxkZn7I0QWPMy_LKVUXOK9m0ohBqteMMw$. Click or tap if you trust this link." href="https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Furldefense.com%2Fv3%2F__https%3A%2F%2Fwww.protectedincome.org%2Frise-calculator%2F__%3B!!EaVf0A!sN_7u_stOpj1eWhuW8jFgyE0SuYA-U0WR_fEstfGTFqKI_7voM_wSsxkZn7I0QWPMy_LKVUXOK9m0ohBqteMMw%24&data=05%7C02%7Cpaul.tyler%40zinnia.com%7C8c081c4d25a244dd9dc108dcfaaa85e9%7Cc0d9a15918ab4c31a5a5f4d0b805de7d%7C1%7C0%7C638660857857365911%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=ZNQzwCLRTgXszRC3iFsvl%2BNVIWt81npkxwvdY8OU4PI%3D&reserved=0" rel="noopener noreferrer">calculator.

• https://urldefense.com/v3/__https://www.protectedincome.org/investing-personality-quiz/__;!!EaVf0A!sN_7u_stOpj1eWhuW8jFgyE0SuYA-U0WR_fEstfGTFqKI_7voM_wSsxkZn7I0QWPMy_LKVUXOK9m0ojVkaoXyw$. Click or tap if you trust this link." href="https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Furldefense.com%2Fv3%2F__https%3A%2F%2Fwww.protectedincome.org%2Finvesting-personality-quiz%2F__%3B!!EaVf0A!sN_7u_stOpj1eWhuW8jFgyE0SuYA-U0WR_fEstfGTFqKI_7voM_wSsxkZn7I0QWPMy_LKVUXOK9m0ojVkaoXyw%24&data=05%7C02%7Cpaul.tyler%40zinnia.com%7C8c081c4d25a244dd9dc108dcfaaa85e9%7Cc0d9a15918ab4c31a5a5f4d0b805de7d%7C1%7C0%7C638660857857384832%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=8%2FVE%2FgVU7p%2Bt5jC2%2FOUMR40HSWDEAUxo3iZn%2FNrN5uM%3D&reserved=0" rel="noopener noreferrer">Investing Personality (great for FPs and consumers).

• https://urldefense.com/v3/__https://resources.protectedincome.org/__;!!EaVf0A!sN_7u_stOpj1eWhuW8jFgyE0SuYA-U0WR_fEstfGTFqKI_7voM_wSsxkZn7I0QWPMy_LKVUXOK9m0oj_-jcE6w$. Click or tap if you trust this link." href="https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Furldefense.com%2Fv3%2F__https%3A%2F%2Fresources.protectedincome.org%2F__%3B!!EaVf0A!sN_7u_stOpj1eWhuW8jFgyE0SuYA-U0WR_fEstfGTFqKI_7voM_wSsxkZn7I0QWPMy_LKVUXOK9m0oj_-jcE6w%24&data=05%7C02%7Cpaul.tyler%40zinnia.com%7C8c081c4d25a244dd9dc108dcfaaa85e9%7Cc0d9a15918ab4c31a5a5f4d0b805de7d%7C1%7C0%7C638660857857403768%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=d3r7t6YB28Q0%2BFbF8%2FMwp1bohsgXGMRLwCgSNO93ioc%3D&reserved=0" rel="noopener noreferrer">FP Resource site with a lot of education materials.

Also, regarding the cognitive/financial topic, here are links to Chris Heye's Institute papers:

• https://urldefense.com/v3/__https://www.protectedincome.org/research/cognitive-decline-and-desirability-of-protected-income/__;!!EaVf0A!sN_7u_stOpj1eWhuW8jFgyE0SuYA-U0WR_fEstfGTFqKI_7voM_wSsxkZn7I0QWPMy_LKVUXOK9m0oiU62asGQ$. Click or tap if you trust this link." href="https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Furldefense.com%2Fv3%2F__https%3A%2F%2Fwww.protectedincome.org%2Fresearch%2Fcognitive-decline-and-desirability-of-protected-income%2F__%3B!!EaVf0A!sN_7u_stOpj1eWhuW8jFgyE0SuYA-U0WR_fEstfGTFqKI_7voM_wSsxkZn7I0QWPMy_LKVUXOK9m0oiU62asGQ%24&data=05%7C02%7Cpaul.tyler%40zinnia.com%7C8c081c4d25a244dd9dc108dcfaaa85e9%7Cc0d9a15918ab4c31a5a5f4d0b805de7d%7C1%7C0%7C638660857857422698%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=HSa0bw5kQKnEELPhXGbNSSo9IUMxizc%2FlEGO64ICSO0%3D&reserved=0" rel="noopener noreferrer">https://www.protectedincome.org/research/cognitive-decline-and-desirability-of-protected-income/

• https://urldefense.com/v3/__https://www.protectedincome.org/research/aging-cognitive-decline-and-financial-decision-making/__;!!EaVf0A!sN_7u_stOpj1eWhuW8jFgyE0SuYA-U0WR_fEstfGTFqKI_7voM_wSsxkZn7I0QWPMy_LKVUXOK9m0oihogGOCA$. Click or tap if you trust this link." href="https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Furldefense.com%2Fv3%2F__https%3A%2F%2Fwww.protectedincome.org%2Fresearch%2Faging-cognitive-decline-and-financial-decision-making%2F__%3B!!EaVf0A!sN_7u_stOpj1eWhuW8jFgyE0SuYA-U0WR_fEstfGTFqKI_7voM_wSsxkZn7I0QWPMy_LKVUXOK9m0oihogGOCA%24&data=05%7C02%7Cpaul.tyler%40zinnia.com%7C8c081c4d25a244dd9dc108dcfaaa85e9%7Cc0d9a15918ab4c31a5a5f4d0b805de7d%7C1%7C0%7C638660857857441812%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=Xj0h3mcGcUD1%2BrIzjXhXZoG1mGCjZxnOoQGv3EpDeS8%3D&reserved=0" rel="noopener noreferrer">https://www.protectedincome.org/research/aging-cognitive-decline-and-financial-decision-making/