One of the most common questions people ask before retiring is, “How much money do I need to retire comfortably?” While financial security is essential, true success in retirement goes beyond money. It is important to find fulfillment, purpose, and happiness in this new phase of life.
Christine Benz, author of How to Retire: 20 Lessons for a Happy, Successful, and Wealthy Retirement, spoke with Heritage Financial’s CEO, Sammy Azzouz, about finding a balance between the financial and non-financial aspects of a successful retirement. As director of personal finance and retirement planning at Morningstar, Christine has her own experience and research to draw on, but for this book she enlisted the help of others. Christine asked 20 retirement thought leaders to go deep on a single lesson that they believe contributes to success in retirement. She and Sammy discuss many of the lessons in this Wealthy Behavior podcast episode including:
- How to think about retirement spending
- Avoiding common retirement challenges
- The connection between relationships and success in retirement and life
- The bucket approach to asset allocation–how to think about it and how it can add value
- Long-term care decision making and options to explore
- How covid has impacted retirement, financially and non-financially
- And more!
Whether you are planning for retirement or already retired, you’ll learn how to create a retirement life that is not only financially secure but also rich in joy, purpose, and connection, from those who have studied retirement for decades. Tune in by clicking the image below or finding Wealthy Behavior on all the major podcast platforms!
Listen in, rate the show, and be sure to subscribe so you don’t miss a new episode!
Catch up on recent Wealthy Behavior episodes:
