How to Retire with Christine Benz
Retirement Answer Man
Tailoring Asset Allocation for Retirement
This chapter explores the intricacies of asset allocation tailored for retirees, focusing on the bucket strategy for financial stability. It emphasizes the need for a balanced and diverse portfolio while warning against high-cost alternatives and unnecessary assets.
Join us for a special episode as we welcome Christine Benz to discuss her new book, "How to Retire." In a captivating conversation at the Rock Retirement Club, we dive into topics like long-term care, the 4% rule, investing strategies, and simplification. Featuring insights from Fritz Gilbert, a member of the club and contributor to Christine's book, this episode offers a holistic view of retirement planning. Discover how to balance financial and non-financial aspects for a fulfilling retirement journey.
INTERVIEW WITH CHRISTINE BENZ
(01:26) Rock Retirement Club welcomes Christine Benz to chat about her new book, How to Retire
(02:40) Roger asks about the goal for the readers of this book.
(04:00) Christine: The goal was to cover retirement in a really holistic way and include as much non-financial as financial information on retirement planning.
(05:09) Roger: I was surprised that you did the book in the interview style, I think it helped make the book more approachable.
(07:24) Roger: Did you have any big insights that were unexpected?
(10:18) Fritz: I give Christine serious kudos for the approach she took and the amount of homework she did.
(11:47) Christine to Fritz: I love your methodical approach to dealing with the years leading up to retirement
(13:19) Marla asks Christine if she would change anything if she was writing this book today to accommodate the 2024 election results and also asks about managing portfolios on Morningstar.
(17:28) Roger: When it comes to portfolio construction, it's easy to overcomplicate things
(20:30) Larry asks Christine what challenges her or confounds her most about her own retirement planning.
(22:53) Larry asks “Are you concerned that we may not find people to provide long term care?”
(30:11) Kevin Lyles asks about asset allocation when you retire
(30:47) Christine: My chapter on asset allocation addresses the bucket approach, which I do find very customizable.
(36:56) Laura asks: When you talk about high quality bond portfolios, do bond funds work?
(41:06) One question I have when we're talking about indexes is about broad diversification.
(43:42) Roger: Now someone had a comment related to some of the research on small cap value. Do you have any view on that research on having a more diversified small cap value tilt?
(47:19) Eric asks “what is the argument for using tips for retirees?”
(50:24) Roger asks Fritz if he has been simplifying his portfolio or working more on optimization since retiring in 2018.
(52:50) Roger: The optimization part sometimes dominates the conversation.
(53:38) Roger asks Christine: Have you found, even in your own life, a balance between making sure you don’t get too complicated in investments?
(56:45) Biranna asks after 20 interviews, what question now rests in your mind?
(57:40) Christine: I've been thinking more about whether the concept of retirement is flawed
(58:59) We're going to share a link with members offering a discount to Morningstar.
(59:55) Next week on the show, we're going to chat about with Michael Easter about Gear vs Stuff
BONUS
(01:00:30) Roger reads an excerpt from his grandfather's WWII journal
REFERENCES
The Retirement Manifest- Fritz Gilbert
BOOKS
How to Retire: 20 lessons for a happy, successful, and wealthy retirement- Christine Benz
Being Mortal: Medicine and What Matters in the End- Atul Gawande
Keys to a Successful Retirement: Staying Happy, Active, and Productive in Your Retired Years- Fritz Gilbert
Rock Retirement: A Simple Guide to Help You Take Control and Be More Optimistic About the Future- Roger Whitney
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