Tag: retirement goals
How Much Is Enough? The Real Retirement Question (Ep. 24)

How Much Is Enough? The Real Retirement Question (Ep. 24)

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How much is enough for retirement, and what does a successful retirement really look like? While many people focus on reaching a specific savings number, the bigger challenge is building a plan that supports the life they want to live and gives them confidence to actually enjoy it.

In this episode, Jamie Hopkins and Kate Duffy explore why retirement is about more than money. They discuss how values, purpose, flexibility, and a written income plan can help transform retirement from a financial milestone into a fulfilling next chapter. From defining what “enough” means for you to learning how to spend with confidence, this conversation offers a fresh perspective on retirement planning.

Key Takeaways

  • Why there is no universal retirement number and how to determine what “enough” means for your lifestyle
  • How a written retirement income plan can help you spend with greater confidence
  • The role of personal values, purpose, and community in creating retirement satisfaction
  • Why flexibility in spending, saving, and retirement timing can strengthen long-term outcomes

Connect with Bryn Mawr Trust: 

Connect with Kate Duffy: 

Connect with Jamie Hopkins: 

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How To Practice for Retirement (Ep. 4)

How To Practice for Retirement (Ep. 4)

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Retirement isn’t just about reaching a number or a specific age. It’s a significant life transition that requires preparation beyond financial planning.

How do you shift from a lifetime of saving to spending? How do you build new communities and find purpose when work becomes optional?

In this episode, Jamie Hopkins and Kate Duffy explore the concept of “practicing retirement” and how to prepare for this major life transition at every stage of life. They discuss the psychological challenges of spending down savings, the importance of aligning your values with your spending, and practical strategies like bucketing, visualization, and test-driving retirement lifestyle choices. 

  • Key takeaways:
  • The psychological and behavioral challenges of transitioning from saving to spending in retirement
  • The importance of retirement planning beyond finances, including identity shifts, community building, and lifestyle changes
  • How to use bucketing and visualization techniques throughout your life to align spending with your values and goals
  • Practical strategies for test-driving retirement
  • The counterintuitive benefit of stopping retirement savings 2-3 years before retiring to improve quality of life and potentially stay in the workforce longer

Resources:

Connect with Bryn Mawr Trust: 

Connect with Kate Duffy: 

Connect with Jamie Hopkins: 

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More