Financial Therapy and Retirement Planning with John Hankins
Once John Hankins discovered the developing field of financial therapy and after a bit of exploration, he decided to reinvent himself as a financial therapist. Today he is a licensed social worker, certified financial therapist, and certified financial social worker.
In this episode he explains:
- What financial therapy is
- Our generation was taught to not discuss money, the repercussions of that
- Who becomes a financial therapist
- Is there a common “money story” amongst Boomers
- Couples where the “money story” is different and how that might affect retirement planning?
- After 40 years of marriage, effective communication about money and retirement
- Single people and retirement planning
- Self sabotage
- Suddenly being out of a job before being ready or prepared
Before we wrap, John explains what was it like to reinvent himself at age 71. “Retirement” apparently wasn’t in his crosshairs!
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Agnes - in conversation with John Hankins
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About the guest: John Hankins
John Hankins is a licensed social worker, certified financial therapist, and certified financial social worker. His diverse career includes a decade of work in community mental health, followed by 35 years in a variety of positions in IT, internet and cloud services. He exited from conventional, full-time employment 6 years ago at age 68.
Three years later, he discovered the developing field of financial therapy. After a bit of exploration, he decided to reinvent himself as a financial therapist.
Now he specializes in working with individuals and couples middle-age and beyond to help them to understand and improve their relationship with money. This can include issues with spending habits, saving, debt repayment, or variety of other areas where we find ourselves tripped up with money. He is particularly interested in the anxiety that comes from both sides of retirement savings, the accumulation phase (saving up), and the deaccumulation phase (spending it).
He uses his own lived experience to inform his work. As you might expect, he has hit many of the speedbumps we encounter in everyday life, so along with his professional training, he brings empathy, understanding, and sometimes a little wisdom into this process.
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