Dana Anspach: How to Build an All-Weather Retirement Plan

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Oct 18, 2022

Dana Anspach, Founder and CEO of Sensible Money, shares her insights on retirement planning and decumulation strategies. She dives into the impact of sequence risk on retirement savings and how to adapt plans amid rising inflation. Dana discusses the concept of varying spending patterns in retirement and the importance of budgeting for unexpected expenses. She also highlights the benefits of delaying Social Security benefits and using individual bonds for stability. Additionally, she addresses the unique needs of women investors in financial planning.

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ANECDOTE

Career-Defining Client Contrast

Dana Anspach described meeting two planners early in her career: one sold whole life policies and one taught practical planning, which shaped her path.
That contrast motivated her to focus on true financial planning and start Sensible Money in 2011.

INSIGHT

Decumulation Requires Detailed Paychecks

Retirement planning must handle sequence risk and lumpy spending rather than rely on smooth rules like the 4% guideline.
Clients need detailed paycheck-level plans showing where cash will come from and when to feel secure.

ADVICE

Cover Near-Term Needs With A Runway

Build a runway of safe assets (CDs, treasuries, bonds) to cover near-term cash needs so equities need not be sold in downturns.
Use client-specific stress tests and a "critical path" rather than blanket rules to decide inflation raises.

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