The Stacking Benjamins Show Mastering Retirement Planning (plus Real Estate Commission Negotiation) SB1575
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Sep 16, 2024 Christine Benz, Morningstar's Director of Personal Finance and Retirement Planning, shares invaluable insights on retirement, emphasizing the importance of purpose, health, and social connections. She discusses the pivotal factors influencing retirement decisions and addresses misconceptions around income sources. The conversation also dives into the evolving real estate landscape, highlighting recent changes in commission structures and the need for negotiation skills, offering practical tips for buyers and sellers navigating this new normal.
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Benz's Career Pivot
- Christine Benz's interest in financial planning grew while she was a mutual fund analyst at Morningstar.
- She realized that broader financial wellness factors were key to success, leading her to explore financial planning.
Beyond the Math
- Retirement planning is more than just numbers; purpose, relationships, and health are crucial.
- Consider how life might evolve, and proactively make decisions and communicate them to loved ones.
Structure and Purpose
- Retirement shouldn't just be relaxation; find purpose and structure your time.
- Include both purposeful activities and leisure, enjoying relaxation more after engaging in fulfilling pursuits.