Dan Haylett at HUM London 2024
The Science & Skill of Spending Money in Retirement
At Humans Under Management London 2024, Dan Haylett presented on the intricacies of financial planning during retirement. As the director of TFP Financial Planning, he is dedicated to helping individuals balance their financial resources with a fulfilling life.
The talk addresses the critical challenge of ensuring clients spend their retirement savings wisely. Haylett explores the psychological barriers and fears that retirees face, aiming to shift their mindset from saving to spending.
Key insights from the presentation include:
- Understanding that spending is a learned skill, essential for a satisfying retirement.
- Recognising the emotional hurdles of fear, guilt, and identity that impact spending behaviour.
- Implementing risk-based guardrails to provide comfort and confidence in withdrawal strategies.
- Encouraging clients to transform their money into meaningful experiences, thus enhancing their quality of life.
Watching this video will equip financial advisers with practical strategies to assist clients in navigating the complexities of spending in retirement, ultimately fostering stronger client relationships and more fulfilling outcomes.
