Financial Advice or Wellness: What Has A Bigger Impact?

Should employers focus their efforts to help employees on the journey to retirement by providing true investment advice or more in the trenches financial support?  To debate the finer points and provide his in the trenches experience, I was excited to welcome back Peter Dunn, aka Pete the Planner to the podcast.  Pete has a pretty unique vantage point as he provides employers with a suite of financial wellness tools but he also has a support center for employees of his clients to speak, email or text with.  During our conversation, Pete shares some common real life questions and challenges his team gets from real life employees.  We hit on why honesty and empathy is important in financial conversations, examples of how investment advice only scratch s the financial surface for most employees, a few thoughts on where plan design fits in the conversation, a few sanity checks for me and strategies to move farther down the path towards providing holistic financial support to help improve employees financial wellbeing.  Also, don’t miss where I was actually more eloquent in describing something than Pete, defiantly a first for me. 

Before we get started, a few of the suggestions I have received to improve the podcast was to share more of my personal opinions.  This episodes definitely gets there.  If you have further ideas or suggestions to improve the podcast please shoot me an email to feedback@401kfridays.com.  

Guest Bio

Peter Dunn a.k.a. Pete the Planner® is an award-winning comedian and an award-winning financial mind. He’s a USA TODAY columnist and the author of ten books, six of which were featured in a nationwide launch at Barnes & Nobles stores in January of 2015. He is the host of the popular radio show The Pete the Planner Show on 93 WIBC FM and is a columnist for the Indy Star. Pete has appeared regularly on CNN Headline News, Fox News, Fox Business as well as numerous nationally syndicated radio programs. In 2012, Cision named Pete the fourth most influential financial broadcaster in the nation. Pete lives in Carmel, Indiana with his wife and two young children.

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