Welcome to episode 151 with Michael Malone.
In this week’s episode of The Executive Edge, I am joined by guest Michael Malone. Michael is a professional in the field of Corporate Finance, specialising as an Investment Banker and Financial Consultant. He is now the Vice President at ‘The Financial Retirement Group’ where he assists individual clients with attaining long term financial goals.
On today’s episode, Michael introduces himself as a financial advisor and explains that his firm helps clients live 20% longer. He shares his background, which includes transitioning from real estate into finance, and eventually specialising in retirement planning. We discuss the sensitivity that executives have around the concept of retirement. We also cover the challenges they face when considering this stage of life.
What else do we discuss?
We begin to talk about the idea that retirement is not just about what people retire from but what they retire to. Michael pinpoints a study that shows how for many men, their ego is tied to their work, and retirement can be a challenging transition.
The conversation also touches on the difference between the U.S. and the U.K. regarding retirement-related terminology, such as the 401(k) in the U.S. This is similar to the pension process in the U.K.
We talk about the significance of helping individuals plan for their retirement and that in many cases, this is a positive transition. That’s even if they initially resist the idea of retiring. The theme of the episode appears to revolve around understanding and addressing the challenges and sensitivities related to retirement among executives and the importance of financial planning for this stage of life.
I hope that you enjoy this interesting discussion and feel interested in investing some time and planning to make this stage of your life fruitful.
That’s all for this week! A huge thank you to Michael for his time and expertise. Stay tuned for the next episode, where we continue to explore cutting-edge topics in business and leadership.
