The Romans invented retirement in 13 BC for soldiers who served 20 years. Today, you might be retired longer than you actually worked.
Andy and Adam explore why traditional retirement investing advice doesn't work when you're looking at a 40-50 year retirement. They discuss the psychology of switching from accumulation to distribution, the real math behind withdrawal rates, and why the old 60/40 portfolio might leave you short.
We cover:
- How retirement evolved from a 2-3 year benefit to potentially half your adult life
- The sequence of return risk that can derail early retirement years
- Why your portfolio allocation should change gradually, not all at once
- The bucketing strategy for managing short-term volatility
- How alternatives can reduce portfolio risk when stocks and bonds move together
- The go-go, slow-go, no-go phases of retirement spending
⏱️ Timestamps:
- (00:35) NFL retirement age leads to retirement history lesson
- (02:30) From Roman soldiers to modern retirees: how we got here
- (05:40) Why you might be retired longer than you worked
- (08:00) The psychology of investing when paychecks stop
- (12:20) Sequence of return risk and the bucketing approach
- (16:00) The math behind sustainable withdrawal rates
- (17:45) Why stocks beat bonds over 20-year periods
- (22:45) The emotional reality of market volatility in retirement
- (29:20) Go-go, slow-go, no-go: how retirement phases affect spending
- (32:20) Alternative investments and portfolio diversification
- (39:00) Podcast disclosures
Resources:
Follow Burney Wealth Management on LinkedIn
Follow Adam Newman on Linkedin
Follow Andy Pratt on LinkedIn
Andy’s blog: Why do I own this?!?
A Guide to Alternative Investments and Their Place in Your Portfolio
Have a question you want answered in a future episode? Email us at longstoryshort@burney.com.
#RetirementPlanning #RetirementReadiness #PortfolioManagement #WealthManagement
The Burney Company is an SEC-registered investment adviser. Burney Wealth Management is a division of the Burney Company. Registration with the SEC or any state securities authority does not imply that Burney Company or any of its principals or employees possesses a particular level of skill or training in the investment advisory business or any other business. This content is for informational and educational purposes only. It is not intended as personalized investment advice or a recommendation.
