560. How to Retire w/ Christine benz

Sep 16, 2024

Christine Benz, a leading retirement researcher at Morningstar, dives into her new book, How to Retire. She discusses the critical differences between wealth accumulation and distribution, emphasizing the role of Social Security in retirement planning. The conversation highlights the evolving strategies from pensions to 401(k) plans and the necessity of personal values in creating meaningful retirement. Christine also underlines the importance of social connections, purpose, and engagement for emotional well-being in this new life phase.

Ask episode

AI Snips

Chapters

Transcript

Episode notes

ANECDOTE

Benz's Entry into Retirement Planning

Christine Benz's interest in retirement planning stemmed from helping her father and father-in-law, who were avid mutual fund investors.
They faced challenges generating sufficient income from their portfolios due to low yields.

ADVICE

Embrace Varied Perspectives

Explore different retirement perspectives, as there's no single right answer.
Personalize your plan based on individual circumstances and preferences for better adherence.

ADVICE

Be a Retirement Weirdo

Don't be afraid to deviate from conventional retirement norms.
Align spending with your values, even if it means diverging from what others are doing.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

Christine Benz is one of the foremost retirement researchers who works for Morningstar. Her new book, How to Retire, is a deep dive into what retirement should look like financially, physically, and emotionally. Her book highlights interviews with some of the most studied retirement experts.

This Episode is Sponsored by:

Monarch Money: Monarch is the top-rated, all-in-one personal finance app. It gives you a comprehensive view of all your accounts, investments, transactions, cash flow, net worth, and more. Plus, create custom budgets, track progress toward financial goals, and collaborate with your partner. And now listeners for this show will get an extended thirty day free trial when you go to monarchmoney.com/EARN.

Fundrise: Right now, high-interest rates have crushed the real estate market. Prices are falling and properties are available at a discount, which means Fundrise believes now is the time to expand the Fundrise Flagship Fund’s billion-dollar real estate portfolio. You can add the Fundrise Flagship Fund to your portfolio in minutes by visiting Fundrise.com/EARN.

LinkedIn: LinkedIn isn’t just a job board. LinkedIn helps you hire professionals you can’t find anywhere else, even those who aren't actively searching for a new job but might be open to the perfect role. In a given month, over 70% of LinkedIn users don’t visit other leading job sites. So if you’re not looking on LinkedIn, you’re looking in the wrong place.

NordVPN: Grab the exclusive NordVPN deal ➼ https://nordvpn.com/earninvest and get extra subscription time. Try it risk-free now with a 30-day money-back guarantee. Thanks to NordVPN for sponsoring our show.

Incogni: Use promo code EARNINVEST to get an exclusive 60% off an annual plan at incogni.com/earninvest.

Here are a few simple ways to support the podcast that would mean the world to us. And guess what? They don’t cost a cent.

Please subscribe to the podcast on Apple, or Spotify.

Learn more about your ad choices. Visit megaphone.fm/adchoices