Stefan Sharkansky: The Retirement Spending Plan That Adapts as Markets Change
Our guest on the podcast today is Brett Arends. Brett has been a columnist for MarketWatch, The Wall Street Journal, and other Dow Jones publications since 2007. His regular column for MarketWatch is called ROI, and he has also written for SmartMoney, TheStreet.com, and the Boston Herald. In addition, Brett has written several books including Storm-Proof Your Money: Weather Any Economy, Rebuild Your Portfolio, Protect Your Future. Brett took a double first in history at Cambridge University and did postgraduate research at Oxford University. He’s also a chartered financial consultant.
The Best Third https://www.thebestthird.com/a-smarter-way-to-spending-in-retirement/
Episode Highlights
00:00:00 Introduction
00:02:43 Why the 4% Rule Can Lead to Underspending
00:07:23 TIPS Ladders vs. Retirement Annuities
00:08:48 Reducing Fixed Spending and Stock Allocation
00:12:09 Why Individual TIPS Beat TIPS Funds
00:18:53 A Formula for Stock Portfolio Withdrawals
00:23:54 Historical Returns vs. Monte Carlo Simulations
00:29:30 Should Retirees Diversify Globally?
00:32:23 Leaving a Bequest Without Underspending
More From Morningstar
Brett Arends: Worried About Outliving Your Money? There’s an Answer https://youtu.be/vvenMk-b8BA?si=wuZE8cmLzlDZq0OY
Dana Anspach: Don’t Let Fear Ruin Your Retirement https://youtu.be/gVCpPmnVMJ8?si=zeQxaUFJTCy6krmT
Bill Bengen: ‘Inflation Is the Greatest Enemy of Retirees’ <a href="https://youtu.be/m-smsy9Q_qY?si=KLP3rHBMrfftFPii" target="_blank" rel=”nofollow”>https://youtu.be/m-smsy9Q_qY?si=KLP3rHBMrfftFPii
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