You could build the best financial plan for your retirement, with enough money for trips and relaxing days for the rest of your life. But what will you do during your retirement? Playing golf and seeing family only takes so much time.
In this episode, Nicole speaks with Sarah Newcomb, author, speaker and founder of Thrive, on the psychology behind satisfying the emotional needs of retirees. Sarah dives into the importance of emotional needs and why they shouldn’t be considered a want when building your retirement plan.
Sarah discusses:
- Her groundbreaking approach to setting life goals that will revolutionize your retirement planning.
- The profound significance of establishing a financial role model and how it can shape your path towards a prosperous retirement
- The transformative power of Maslow’s hierarchy of needs within the realm of financial and retirement planning
- The hidden secret to a fulfilling retirement: the essential role that hobbies play in bringing joy, purpose, and fulfillment to your golden years.
- And so much more!
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About our Guest:
Sarah Newcomb, Ph.D. is a behavioral economist and Founder of the Thrive Financial Empowerment Center. Through writing, speaking, and coaching, she teaches people of all stripes to build lives they love with the resources they have. As a subject matter expert, Dr. Newcomb has worked with corporate behavioral science teams at HelloWallet, Morningstar, and Edward Jones, where she helps financial advisors understand and respond to aspects of psychology that affect financial decisions. In all her roles, Sarah aims to adapt the findings of academic research to practical use in the financial lives of ordinary people, and to ground innovative approaches to financial advice in well-established psychological theory.
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