Part 2 of 2
Planning for retirement and replacing a work paycheck with savings can be a daunting task, especially with the current challenges of market declines, inflation, rising interest rates, and the threat of recession. Christine Benz, Morningstar’s director of personal finance, is passionate about simplifying retirement portfolio planning and has identified six retirement blind spots:
- retirement date risk
- sequence-of-return risk
- low-yield risk
- inflation risk
- health care/long-term care risk
- longevity risk
In this second of a two-part series on Building a Better Retirement, Benz explains how to mitigate these risks and offers solutions to ensure a financially secure retirement. Watch Part 1 here
Listen to the audio-only version here:
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CHRISTINE BENZ
- Director of Personal Finance and Retirement Planning, Morningstar
ACTION POINT
IDENTIFY YOUR RETIREMENT BLIND SPOTS AND RESOLVE TO FIX THEM
Retirement Date Risk?
- Out of many peoples’ control
Sequence-of-Return Risk?
- Timing influences long-term financial security.
Inflation Risk?
- A heightened reality for all
Longevity Risk?
- Challenge for many
BOOKSHELF
ONE INVESTMENT
INTERNATIONAL VALUE CHOICE
Buy: Baird Aggregate Bond Inv (BAGSX)
as of 04/06/2023. Check here for the latest updates.
STOCK, BOND & FUND MENTIONS
Charts courtesy of Morningstar as of 04/06/2023. Click on the name for updates.
Vanguard Short-Term Inflation-Protected Securities Index Adm (VTAPX)
FROM THE ARCHIVE
Christine Benz from the WEALTHTRACK Archives:
Mary Ellen Stanek from the WEALTHTRACK Archives:
Mark Cortazzo from the WEALTHTRACK Archives:
WEB EXTRA
MICRO JOY RECHARGING
Christine Benz shares the common financial blind spot that is particularly meaningful for her and how she is handling it.