YFP 425: Beyond the Numbers: Life Planning for Retirement

Retirement isn’t just about the numbers. Tim Ulbrich, PharmD and Tim Baker, CFP® and Registered Life Planner, explore how life planning can help you design a retirement filled with purpose, meaning, and fulfillment, not just financial security.

Episode Summary

When it comes to preparing for retirement, most conversations focus on the financial side—things like income planning, Social Security timing, withdrawal strategies, and tax-efficient investing. But true retirement readiness goes beyond the numbers.

In this episode, Tim Ulbrich, PharmD, is joined by Tim Baker, CFP® and Registered Life Planner, to explore how life planning can help you design a retirement that’s rich with meaning, purpose, and fulfillment, not just financial security.

As you step away from decades of work—often after raising kids, building a career, and living within a structured routine—you enter a new phase of life where the biggest challenges aren’t just financial, they’re personal. Who are you now? What does your ideal day look like? How do you make this season of life one that aligns with your values and brings you joy?

In this episode, you’ll learn:

• What life planning is and how it complements financial planning
• How to navigate the personal and emotional transition into retirement
• Practical ways to align your money with your values and goals
• How to create a vision for a fulfilling and purpose-driven retirement

Whether you’re approaching retirement or simply thinking ahead, this conversation will help you see how life planning can make the next chapter not only financially sound but deeply satisfying.

Mentioned on the Show

• Your Financial Pharmacist
• Your Financial Pharmacist on YouTube
• YFP 394: Crafting a Rich Life in Retirement: Insights from David Zgarrick, PhD
• Vanguard Study Advisor’s Alpha
• Changes in US Family Finances from 2019 to 2022: The Federal Reserve Board of Governors