Retirement Planning: Strategies for a Secure Future

Part 2 of 2
Planning for retirement and replacing a work paycheck with savings can be a daunting task, especially with the current challenges of market declines, inflation, rising interest rates, and the threat of recession. Christine Benz, Morningstar's director of personal finance, is passionate about simplifying retirement portfolio planning and has identified six retirement blind spots:
- retirement date risk
- sequence-of-return risk
- low-yield risk
- inflation risk
- health care/long-term care risk
- longevity risk
In this second of a two-part series on Building a Better Retirement, Benz explains how to mitigate these risks and offers solutions to ensure a financially secure retirement.
#retirementplanning #inflation #retirementstrategies
00:00 Hello
00:45 Introduction
02:03 Interview with Christine Benz
23:30 One Investment
24:44 Action Point
WEALTHTRACK episode 1941 broadcast on April 07, 2023
wealthtrack.com/retirement-bl...
Bookshelf:
Morningstar's 30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances: amzn.to/3G5rVcN
Morningstar Guide to Mutual Funds: Five-Star Strategies for Success: amzn.to/3zqb2pv

[@michaelswami]

Christine is a gem. Great interview Consuelo.

[@devdattoak7662]

I watched both parts of this interview with Ms. Benz. I have followed Ms. Consuelo from her days on WallStreet Week and Ms. Benz for at least a decade. I loved both parts of the interview for the most common sense explanation of 6 points that are critical in planning and managing the retirement. Thanks to both.

[@user-ir1bl9ii1e]

Great information. I tend to agree with Christine's comments of having an annuity to supplement social security benefits, because social security is also an annuity. Also being diversified with other investments like bond mutual funds, money market funds, and stock mutual funds helps in retirement.

[@audiophileman7047]

This was an excellent presentation. Thank you! 👍👍👍

[@martuccijr]

I worked for an electric utility - seemed secure. One day they told 124 of us it was nice knowing us here is a package. I was 55 years old. I did find work pretty quickly and worked 9 more years.

[@Nadex2015]

yes, there always uncertainty in the future. we need make as much as possible.

[@sokengLao]

P​

[@user-ir1bl9ii1e]

Nothing's certain in life. On may 15, 2024 HardRock resorts management had a town hall meeting for the Mirage/Hard Rock resort employees. Hard Rock management gave the news to 3,300 employees that they are closing the Mirage Resort for 3 years for construction of a new tower and renovation of the existing tower and casino. All employees will be laid off. Mirage resort closes down on July 17th, 2024. Just two months notice of closure. Hard Rock reopens during spring of 2027. That's why having an emergency fund is crucial for this modern life. I am one of these 3,300 employees. Hope for the best, but prepare for the worst.

[@detectiveofmoneypolitics]

Economic investigator Frank G Melbourne Australia is still watching this very informative content cheers Frank ❤

[@apergiel]

Fidelity cash account pays 4.45%, liquid, no fee. Perfect for my procrastination investment style.

[@Nadex2015]

that is too low. if you can spare some on nadex trading, we can achieve this rates every day rather than annually.

[@robertreynard2916]

Nice podcast

[@urbanart7325]

The life expectancy of men is 82 and these man plan to work until 75. Seriously?

[@oferzeira8125]

Excellent interview 🌹

[@jamesmorris913]

SO..Where's the "extra feature" that she mentions at the end of the episode..I can't find it, and I'd like to hear the additional comments.

[@graywilliams_77.]

For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things for future purpose.

[@graywilliams_77.]

who is your adviser?

[@graywilliams_77.]

thank you i have find her.

[@blackfiree91]

All these recommendations-

[@urbanart7325]

The only way retirement money can last is to save as much as you can and move away to a less expensive location, maybe overseas. This is the new American dream.

[@emichaelny336]

The least expensive, overseas locations are all in the Third World. That's not my American dream.

[@mercedescue1655]

Some of those 3rd world countries are safer than the United States and also lower taxes. Keep an open mind

[@royprovins7037]

Unless you give up US citizenship you will still pay US taxes@@mercedescue1655

[@johngill2853]

I'm moving to a higher cost of living area

[@TheBryanmauro]

Does Benz own a Benz?