Christine Benz, Director of Personal Finance at Morningstar and author of "How to Retire," shares her wealth of knowledge on navigating retirement. She emphasizes that retirement is about more than just finances; vibrant social connections are crucial for well-being. Christine discusses breaking psychological barriers to spending in retirement and the unexpected benefits of lifetime giving. She also introduces the bucket investing system and stresses the importance of adaptability in financial strategies amidst evolving economic landscapes.
01:13:03
forum Ask episode
web_stories AI Snips
view_agenda Chapters
menu_book Books
auto_awesome Transcript
info_circle Episode notes
volunteer_activism ADVICE
Holistic Retirement Planning
Consider both financial and lifestyle factors when planning for retirement.
Don't just focus on the numbers; think about how you want to live.
volunteer_activism ADVICE
Family Financial Discussions
Involve your children in retirement discussions.
Share your retirement expectations and get their feedback on financial matters.
question_answer ANECDOTE
Importance of Family Communication
Christine Benz shares a story about a family struggling with finances after a parent's death.
This highlights the importance of open communication.
Get the Snipd Podcast app to discover more snips from this episode
Christine Benz's "How to Retire" provides a comprehensive guide to retirement planning, moving beyond simplistic rules of thumb. The book delves into dynamic spending strategies, emphasizing the need to adapt to changing life circumstances and expenses. It addresses the psychological challenges of transitioning from saving to spending, offering practical advice on managing finances and maintaining a fulfilling life in retirement. Benz also explores the importance of purpose and relationships in retirement, highlighting the need for a holistic approach that considers non-financial factors. The book is a valuable resource for anyone approaching retirement, offering insights and strategies for a successful and enjoyable transition.
Christine Benz is the Director of Personal Finance and Retirement Planning at Morningstar, where she has spent over three decades helping investors navigate the complexities of financial planning. She is also the author of "How to Retire: 20 Lessons for a Happy, Successful, and Wealthy Retirement" and serves as the president of the John C. Bogle Center for Financial Literacy.
Before focusing on retirement planning, Christine worked as a fund analyst, bringing a unique perspective that combines deep investment knowledge with practical financial wisdom.
Christine joins the show to discuss why retirement isn't just about hitting your "magic number," how to overcome the psychological barriers to retirement spending, why keeping your inner circle vibrant is crucial for long-term happiness, the surprising power of lifetime giving, and MUCH more.
I hope you enjoy this conversation as much as I did. For the full transcript, episode takeaways, and bucketloads of other goodies designed to make you go, "Hmm, that's interesting!", check out our Substack.
Infinite Loops 