From Nest Egg to Paycheck: Rethinking Retirement Planning

Video Description

When people think about preparing for retirement, they usually think about saving. But the real challenge? Making sure your money lasts as long as you do. Morningstar’s Christine Benz joins us for a conversation about the smartest ways to prepare for retirement and make sure your money goes the distance. This episode is part of our new, monthly retirement-focused series, brought to you by @limra. With practical tips and real-world conversations, these episodes will give you the tools to help you feel more confident about what comes next. In this episode, Jean and Christine break down: ✔️ Why there’s no one-size-fits-all retirement plan ✔️ How to shift from a saving to a spending mindset in retirement ✔️ The biggest retirement blind spots – and why they’re more challenging for women ✔️ The steps you can take today to feel less overwhelmed about retirement planning Chapters: 00:00:00 - Why retirees struggle to spend their own money 00:01:25 - Introduction to retirement income planning series 00:04:01 - What surprised Christine most while writing "How to Retire" 00:06:00 - The psychological shift from saving to spending 00:09:14 - How women face unique retirement challenges 00:15:11 - The caregiving crisis affecting women's retirement 00:18:03 - The shocking truth about safe withdrawal rates 00:20:13 - Should you give money to your kids now? 00:21:00 - Christine's personal budgeting revelation 00:24:47 - How to think about annuities in your portfolio 00:27:14 - The future of 401(k) plans and target date funds 00:30:13 - Simple first steps to lower your retirement anxiety 🛣️ ARE YOU ON TRACK? If you’re ready to start putting together a retirement plan that works for you, download LIMRA’s free Retirement Income Planning Starter Guide. 💼 Want more support with your investing journey? Join our women-only investing club, InvestingFixx: https://portal.investingfixx.com/s/ 💬 Got a question for our next mailbag? Email us at [email protected] 🗣️ Join the HerMoney Facebook group for more money conversations: https://www.facebook.com/groups/2039572739656574 🔔 Subscribe to HerMoney for more smart, supportive content on money, work, and life: https://www.hermoney.com 🎧 Listen to the full episode on Apple Podcasts, Spotify, or wherever you get your podcasts: https://pod.link/1098802558 📰 Subscribe to Our Weekly Newsletter: https://hermoney.com/subscribe Follow the Podcast: 🎙 Apple Podcasts: https://apple.co/3lyZs59 🎙 Spotify: https://spoti.fi/3Rb4nYM 📸 Instagram: https://www.instagram.com/hermoneymedia/ Subscribe to the Channel: https://bit.ly/4agSrxo Take Our Money Type Quiz: https://moneytype.hermoney.com/ Follow Jean Chatzky: Instagram: https://www.instagram.com/jeanchatzky/ TikTok: https://www.tiktok.com/@jeanchatzky Facebook: https://www.facebook.com/JeanChatzky LinkedIn: https://www.linkedin.com/in/jeanchatzky/ X / Twitter: https://twitter.com/JeanChatzky ❤️ Liked this episode? Give it a thumbs up and share with a friend who needs to hear it.