Summary
In this episode of The Humans vs Retirement Podcast is get to chat with Susan Latremoille
Susan is a certified Retirement Coach (CPRC) and the author of The RichLife – Managing Wealth and Purpose, It’s Not Just about the Money – The Whole Life Approach to Wealth Management, and co-author – Thriving Throughout Your Retirement Transition.
Susan spent over 35 years as a wealth advisor assisting clients to financially plan for their retirement. She saw a common thread among her clients. Having enough money to retire was only a piece of the retirement puzzle. It was the non-financial side that had the greatest impact on the predictability of a successful retirement. That’s when Susan decided to launch next chapter lifestyle advisers, a retirement lifestyle consulting business that helps individuals and families create a retirement lifestyle plan
In our conversation Susan discusses her transition from a financial advisor to focusing on the non-financial aspects of retirement planning through her company, Next Chapter Lifestyle Advisors. She shares insights on the importance of understanding your life journeys and the concept of a 'rich life' that encompasses living well, giving back, and leaving a legacy.
Susan introduces the idea of a happiness portfolio, which includes eight non-financial areas of life that contribute to a fulfilling retirement. Our conversation emphasizes the need for a holistic approach to retirement planning that goes beyond numbers to include personal fulfillment and purpose.
Susan and I discuss the multifaceted aspects of retirement, emphasizing the importance of leisure, the dynamics of relationships, and the necessity of planning for a fulfilling next chapter in life. We explore the challenges retirees face in managing their time, setting boundaries, and maintaining social connections, while also advocating for a shift in perspective from traditional retirement to a more vibrant and purposeful next chapter.
Key Takeaways
Sound Bites
"Live well, give back, leave a legacy."
"Purpose is a human need that we all need."
"It's a very individual journey."
"Leisure is such a vital part."
"You need to really think about it."
"It's vital to communicate your boundaries."
"We need to retire the word retirement."
"We are storytellers over spreadsheets."
"Make a plan for your next chapter."
Chapters
00:00 - Introduction to Next Chapter Lifestyle Advisors
05:23 - The Shift from Financial to Non-Financial Planning
10:31 - Understanding the Rich Life Mindset
17:00 - Building a Happiness Portfolio for Retirement
24:50 - The Importance of Leisure in Retirement
27:13 - Navigating Changing Relationships
29:47 - The Reality of Leisure Activities
33:01 - Structuring Time in Retirement
35:57 - The Retirement Honeymoon Phase
38:56 - Setting Boundaries and Communication
43:06 - Reframing Retirement: A New Perspective
