Here we are at session number 86, and I’m going to be chatting to two good friends of mine, Martin Bamford and Justin King. It’s also Financial Planning Week, the annual push by the Institute of Financial Planning to get personal finance and the benefits of financial planning firmly on the radar of more people than it might otherwise be. To celebrate FPW I wanted to highlight two great initiatives co-produced by Martin & Justin – one is a movie and the other is a book. Stay tuned for much more.

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Interview

Martin Bamford & Justin King have both done some great work in looking into the specific challenges facing the Baby Boomer generation, who are now beginning to retire. In many ways this is the luckiest generation ever to have lived, enjoying incredible advances in medical care and technology, plus rising house prices and economic stability.

But as this generation faces retirement they are being faced with pressures which no previous generation has experienced before. Elderly parents needing care, boomerang generation kids still financially dependent, rising divorce rates and the onset of dementia.

Martin & Justin have spoken to leading experts in the various fields which deal with these issues and their findings are fascinating. The documentary, called Boom! Demographics Are Destiny is a fine piece of work, and all the more impressive given that Martin had no prior experience in filmmaking. The accompanying book, called Ready, Steady, Retire! adds some detail to the film and codifies Martin and Justin's findings. Not only that, but it provides practical help to those boomers facing the pressures which the book and film describe.

Check the Listener Offer section below for discounts on both the book and the DVD.

I hope you find the interview helpful; check out the transcript by pressing the big blue button.

Here are the questions I asked Martin & Justin:

• Martin, can you introduce yourself and tell us how you became a financial planner
• Justin, can I ask you the same question?
• Martin, you have recently created a full-length documentary called Boom! Demographics are Destiny. Can you tell us why a financial planner got involved in making a film?
• What were the biggest, most surprising findings of the documentary?
• Justin, you and Martin have co-written a book called Ready, Steady, Retire! which will be out shortly. What was the inspiration for the book?
• You have dealt with some major retirement issues in the book – how did you decide what to cover?
• What was your most eye-opening moment in collating the book?
• Martin, when I read the book, the most startling chapter for me was titled Rise of The Silver Splitter – can you tell us more about that?
• Justin, I know you're a proponent of Financial Life Planning – what are the issues you find that comes out of your in-depth conversations with those approaching retirement?
• Do those issues change as retirement progresses?
• Martin, can you tell us what you hope to achieve from creating the documentary and writing the book?
• Justin, if you could give the average 35-40 year old some advice, someone who might feel like retirement is a long way off – what would you tell them?
• Martin – how can people get hold of the video and when?
• Justin – How can people get hold of the book?
• Martin – how can folk find out more about you and Informed Choice?
• Justin – same question to you and MFP

Listener offer

I reckon Martin & Justin have done important work here in highlighting some of the key issues facing those in retirement, and have taken an innovative approach to doing so, particularly with the documentary.

Both the DVD and the book can be yours for a discount on the usual prices by clicking here for the movie and by clicking here for the book. My thanks to Martin & Justin, not only for their valuable time in coming on the show, but in making this offer available to the MeaningfulMoney audience.

This week’s reviews

My thanks to Carl Upshon and Ben for leaving reviews this week. I'm now up to 150 five-star reviews!

If you like what you hear on this podcast, please leave a rating or review on iTunes by going to meaningfulmoney.tv/iTunes just like Carl and Ben this last week. Either go to that link or hit the big red button below

News

Do check out everything that is going on at Financial Planning Week. I know lots of advisers are doing free personal finance clinics, so if you want some questions answering, or to find out more about how financial planning might help you, check out the website for what;s going on.

No weightloss news this week as I am recording this straight after last week’s show. Hopefully some good news next week

Next Session Announcement

Next time I’ll be talking to another financial services industry leading light called Peter Le Beau about an initiative he has been heavily involved with called the Seven Families Initiative. The programme is aimed at highlighting the benefits of Income Protection insurance and it is going about it in a truly unique way. It’s a great interview, so check that out next week.

If you have a question about income protection, or any other financial query that you want answering here on the show, then the best way to do that is to leave me a voicemail at meaningfulmoney.tv/askpete

Outro

That's it for this session of the MM podcast, I hope it was helpful. If I missed anything or if you have any questions, please leave them comments section below.

I hope you enjoyed this session. Thanks for listening – I'll talk to you next time.