This week I flashback to a podcast from 2021! While it is a few years old its a common and important question.

Key takeaways

• How big your pension should be when you start drawing down income
• How big your pension should be at various stages of your life
• What you can do if it's not as big as you would like it to be!
• How to live 14.9% longer!

I hope it helps!

Disclaimer

In this week's podcast I chat with Dr. Daniel Crosby. He discusses the evolution of behavioral finance over the past eight years, reflecting on the growing acceptance and understanding of the field. He shares insights from his latest book, 'The Soul of Wealth,' emphasising the importance of health, happiness, and meaningful spending. The discussion also covers the role of community in financial behavior, the impact of delayed gratification, and the future of wealth management in an AI-driven world. Crosby highlights the necessity of practical applications in financial education and the importance of understanding one's relationship with money.

Dr. Daniel Crosby is a psychologist, author, behavioral finance expert and asset manager who applies his study of market psychology to everything from financial product design to security selection.

Key takeaways

• Behavioral finance has gained significant traction in the last eight years.
• Investors today are better educated and more disciplined than in the past.
• The focus of behavioral finance is shifting from avoiding mistakes to enhancing well-being.
• Health is a crucial component of wealth and happiness.
• Experiences often bring more joy than material possessions.
• Delayed gratification is a powerful tool for achieving long-term goals.
• Community and social connections enhance financial well-being.
• AI will play a significant role in the future of wealth management.
• Practical applications of financial wisdom are essential for real change.
• Creativity is vital for personal and professional growth.

I hope it helps!

The Soul of Wealth: 50 reflections on money and meaning

Daniel's Linkedin

Disclaimer

In this week's podcast #334 I take a look ARFs

If you google 'best ARF Fund in Ireland' today, you will get many results.

The first few are of course paid-for, sponsored adverts from firms who want your clicks (and are paying handsomely for them!). There are then quite a few other firms who have written about this 'best ARF fund in Ireland' topic.

This week I share a very short piece which shows the actual outcomes of a scenario where one invested in different funds, portfolios and companies over the past decade or more, and what we can learn from it.

And if anyone needs a reminder, an ARF is an Approved Retirement Fund. It is what happens to most of our personal pensions when we start drawing income from them, if we have not chosen an annuity pension. More on all this here if you want a refresh!

Disclaimer