Christine Benz on Retirement Portfolio Strategies, Effective Withdrawal Approaches, and Navigating Spending Transitions

Lead-Lag Live

Unlock the secrets to a resilient retirement strategy with Christine Benz from Morningstar as we explore the nuances of effective portfolio construction. Gain insights on the bucket approach, a method designed to weather market downturns by maintaining a cash cushion equivalent to one to two years of spending. Christine imparts her expertise on the famous 4% withdrawal rule, adapting it to the current economic climate, and discusses how evolving fixed income yields, equity valuations, and inflation forecasts suggest a more conservative approach for retirees in 2024. We'll also challenge the traditional view of bonds as the safest assets and examine the potential of blue-chip dividend stocks as an alternative means to stability.
Navigate the psychological hurdles retirees encounter when shifting from saving to spending with actionable strategies to make this transition smoother. From practice spending to considering annuities, we uncover solutions to the "permission to spend" challenge many retirees face. With a growing number of individuals planning to extend their working years due to financial necessity, we address the reality of health and job-related limitations on these plans. Throughout, we highlight the invaluable insights Christine Benz shares across her book, articles, videos, and the podcast "The Long View," guiding listeners towards a pragmatic approach to retirement planning. Explore these rich resources and equip yourself for a thoughtful retirement journey.
The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.

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Chapitres

1. Retirement Portfolio Construction and Risk (00:00:00)

2. Planning for Happy Retirement Success (00:16:00)

3. Resources for Retirement Planning (00:23:33)