December 2021 Issue: Helping Clients who are Searching for Happiness-Helping Clients who are Searching for Happiness by Brian Thompson

Helping Clients who are Searching for Happiness by Brian Thompson

Pdf Summary

A recent New Yorker article by Cal Newport highlighted a trend of highly educated workers leaving their jobs, not due to pandemic-related obstacles, but because they are reevaluating the role of work in their lives. Many are choosing to downsize their careers and prioritize other aspects of life. Financial advisors are playing a crucial role in helping clients navigate these transitions.<br /><br />Ian Bloom of Open World Financial Life Planning shared that his clients are constantly evaluating the role of work in their lives. He helps them make decisions based on what is most comfortable or enjoyable for them, giving them the information to make choices they didn't know they could make.<br /><br />Michael Caligiuri of Caligiuri Financial has noticed more people changing jobs due to the stress caused by the pandemic. He believes employers need to realize that things are changing and that employees have more autonomy and options now.<br /><br />Stanley K. Himeno-Okamoto of DRS Financial Partners discusses clients taking time off or shifting to part-time schedules for more enjoyable activities. He emphasizes the importance of not assuming that one can easily go back to their previous job level and income after a break. Planning for scenarios with lower or no income helps clients understand their financial limitations and opportunities.<br /><br />Ben Lies of Delphi Advisers helps clients navigate career and life changes, such as vaccine mandates or relocating due to the pandemic. He uses financial modeling to explore the possibilities and help clients make informed decisions.<br /><br />Chris McCall of Journey Beyond Wealth encourages clients to envision their lives if they had all the financial resources they need and then think about what they would do with a limited amount of time. This exercise often brings clarity to their priorities and values.<br /><br />Overall, the pandemic has prompted many people to rethink their lives, including their jobs, work style, location, and how they spend their time. Financial advisors are playing a valuable role in helping clients navigate these changes and live their best lives.

Keywords

work reevaluation

downsizing careers

financial advisors

career transitions

pandemic-induced stress

changing job landscape

part-time schedules

financial limitations

vaccine mandates

relocating due to pandemic