Investing Insights How to Retire: Stay Flexible with Your Retirement Spending
Christine Benz, Morningstar’s director of personal finance and retirement planning, interviews financial experts about different aspects of retirement in ‘How to Retire,’ the companion podcast to her book of the same name. In this episode, Christine sits down with senior nerd at Kitces.com and assistant professor of finance Derek Tharp. They talk through how adjusting your spending throughout your retirement can enable you to spend more in the long run.
How Actual Retiree Spending Deviates from Conventional Retirement Research
Why Early Retirees Can Spend More Than the 4% Guideline
How to Adjust Your Retirement Spending Over Time
How to Get Comfortable With Variability in Retirement
How to Transition from Saving to Spending
How to Account for Long-Term Care in Your Retirement Spending Plan
Key Takeaways
Hi, I'm Christine Benz from Morningstar and welcome to the How to Retire podcast. It's a companion to my book, which is also called How to Retire. Each episode will provide a bite-sized lesson about how to do some aspect of retirement well. Today's episode will focus on how to make sure that the amount that you're spending from your portfolio is reasonable. To tackle this topic, I sat down with Derek Tharp, who is a Senior Research Nerd at Kitces.com and an Assistant Professor of Finance at the University of Southern Maine. I've loved Derek's work on how adjusting your spending in retirement can actually enable you to spend more over your lifetime. I feel like it's so practical and helpful, especially for people with tight financial plans heading into retirement.
More from Derek Tharp
Derek Tharp on The Long View: An Alternative Approach to Calculating In-Retirement Withdrawals
Read more from Christine Benz.
How to Retire: Tips for Entering Retirement
Should Your Retirement Withdrawals Mirror RMDs?
3 Tricky Decisions for Every Retirement Plan
7 Steps to Estimating Your In-Retirement Cash Flow Needs
How to Pay Yourself in Retirement
How Likely Are You to Need Long-Term Care?
Read about topics from this episode.
The Psychology of Retirement Income: From Saving to Spending
The 4% Retirement Rule Is Just a Starting Point
Watch more from How to Retire.
How to Retire: Understand the Role of Working Longer
Read what our team is writing:
Follow Christine Benz on social media.
X: https://x.com/christine_benz
LinkedIn: https://www.linkedin.com/in/christine-benz-b83b523