149: Financial Life Planning with Carolyn McClanahan

When physician Carolyn McClanahan tried to find a financial planner several decades ago, she only encountered investment managers and glorified salespeople. However, these experiences led her to fall in love with financial planning.

She’s now the Director of Financial Planning at Life Planning Partners in Jacksonville, Florida. She has been quoted in numerous publications, including The Wall Street Journal, Money, Kiplinger’s, Smart Money, and has appeared on CNBC and NPR. In 2009 she was named a “Mover & Shaker” in the financial planning profession by Financial Planning.

Carolyn brings a unique perspective and approach to our industry, especially when it comes to retirement and the role it plays in living a happy, sustainable, and fulfilled life. Today, she joins the podcast to share the story of her unique journey into the world of financial services, why the best financial planners need to be able to talk about their clients’ health, and how anyone can become a better use of our healthcare system.

In this podcast interview, you’ll learn:

  • The big difference between health and finance – and why financial advisors are often so bad at putting people at ease when they talk about money.
  • Why the best financial planners can think like family doctors, therapists, and career counselors – often all at once.
  • The difference between a traditional financial plan and a financial life plan.
  • Why it’s so important to have a great primary care doctor – and the serious problems facing the healthcare industry in the United States.
  • Why Carolyn believes retirement is a word that needs to go away – and why people need to stop planning for retirement and plan for life transitions instead.

Inspiring Quote

  • “To me, people need to plan for life transitions and quit planning for retirement.” – Carolyn McClanahan

Interview Resources


Offer valid in the 50 United States and the District of Columbia, to first-time requestors. During the offer period, receive one (1) in-stock book per request. Limit (1) book per week per household. Limit three (3) books total each calendar year, between January 1 and December 31. Offer valid while supplies last. Howard Bailey Financial, Inc. reserves the right to cancel, terminate or modify this offer at any time. Void where restricted or otherwise prohibited.

Read The Transcript