How to Pay Yourself in Retirement [Video]

Key Takeaways

One of the top common mistakes for retirees is anchoring on current income and trying to subsist on whatever income their portfolio organically generates.
A lot of research has pointed to the value of being flexible in terms of how much you pull from your portfolio.
Higher inflation is not great for retirement plans.
Higher interest rates are a positive for retirement portfolios. They make retirement spending easier.
Annuities make sense as part of your retirement income survival kit.

Jason Kephart: Hi, I’m Jason Kephart with Morningstar. Like most people, I’m worried about running out of money in retirement. To help assuage my fears and yours is Christine Benz. Christine is Morningstar’s director of personal finance and retirement planning. She’s also the host of The Long View podcast.

Nice to see you, Christine.

Christine Benz: Jason, it’s great to see you.