The Intelligent Retirement Podcast

Becoming a Retirement Income Investor with Bob French, CFA

In this episode of the Intelligent Retirement Podcast, Bob French, CFA, joins host James M. Matthews to discuss the nuances of investing for retirement, with a focus on the differences between pre-retirement and post-retirement investing. He highlights the importance of understanding sequence of returns risk, setting realistic expectations, return assumptions, and the various methodologies for retirement planning. Bob also explores the importance of risk tolerance, the distinction between technical and true liquidity, and the necessity of integrated strategies in retirement planning. Ultimately, he underscores that retirement should be viewed as a state of financial independence, where individuals have controlover their financial future.    Key Takeaways * Investing for retirement involves different strategies both before and after retirement. * Sequence of returns risk can significantly impact retirement outcomes. * It's crucial to set conservative return assumptions for retirement planning. * Every financial plan is inherently uncertain and should be adaptable. * True liquidity considers not just access to funds but also their intended use. * Integrated strategies can provide a balanced approach to retirement planning. * Understanding personal risk tolerance is essential for effective retirement planning. * Preparing for retirement involves more than just financial calculations. * Retirement is about achieving financial independence and making informed personal choices. * Clients should be actively involved in their retirement planning process. Chapters 00:00 Introduction and Background 04:24 Understanding Sequence of Returns Risk 05:06 Setting Realistic Return Assumptions 08:33 Retirement-Ready Portfolio Strategies 20:04 The Illusion of Precision in Financial Planning 21:06 Navigating the Unknowns of Financial Planning 23:13 The Balance Between Planning and Preparing 23:50 Understanding Longevity and Its Impact 26:29 The Importance of Liquidity in Retirement 31:00 Integrating Investment and Insurance Strategies 38:02 Defining Retirement and Financial Independence Resources Parkwoods Wealth Partners [http://parkwoods.com/] RetirementResearcher [http://retirementresearcher.com/] 8 Tips toBecoming a Retirement Investor [http://retirementresearcher.com/8tips] Consolidated Planning [http://cplanning.com/] Have a question? Visit us, at myintelligentretirement.com [myintelligentretirement.com] Disclosures This podcast is for informational purposes only, and should not be considered tax, legal, or investment advice. Although the information has been gathered from sources that are believed to be reliable, please keep in mind thatindividual situations may vary. Therefore, the information should only be acted upon when coordinated with individual professional advice. Guest speakers and their firms are not affiliated with, or endorsed by Park Avenue Securities, Guardian, Intelligent Retirement,or Consolidated Planning, and all views and opinions stated are their own. Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation. All investments and investment strategies contain risk and may lose value. James Matthews is a Registered Principal and Financial Advisor of Park Avenue Securities, LLC. Securities products and advisory services are offered through Park Avenue Securities, member FINRA, SIPC. James Matthews is a Financial Representative of The Guardian Life Insurance Company of America, New York, New York. Park Avenue Securities is a wholly-owned subsidiary of Guardian. Consolidated Planning and Intelligent Retirement are not affiliates or subsidiaries of Park Avenue Securities or Guardian. 8198336.1 exp 07/2027.

Back To Your Retirement Future, with Nikolas Badminton

In this episode of the Intelligent Retirement Podcast, host James M. Matthews interviews best-selling author and futurist Nikolas Badminton, who discusses the evolving landscape of retirement planning in light of technological advancements, societal changes, and the importance of emotional wellness. Badminton emphasizes the need for individuals to embrace change, prepare for the future, and remain curious about new possibilities. He shares insights on the role of futurists in financial planning, the impact of public policy on retirement systems, and the significance of health and wellness in ensuring a fulfilling retirement. The conversation highlights the importance of proactive engagement in shaping one's future and the necessity of adapting to disruptive trends in the workforce. Key Takeaways • A futurist analyzes data to identify signals of change. • Financial advisors and futurists share a common goal of anticipating the future. • People often have mixed feelings about the future, ranging from excitement to fear. • History plays a crucial role in understanding potential future scenarios. • The future of work is evolving, with more people pursuing passion projects. • Health and wellness are critical components of retirement planning. • Public policy will need to adapt to changing demographics and retirement needs. • Disruptive trends like AI will reshape job markets and industries. • Curiosity and experimentation are essential for adapting to change. • Active participation in life is crucial for personal fulfillment. Chapters 00:00 Introduction to Futurism and Its Relevance 05:01 The Role of Financial Advisors as Futurists 07:50 Navigating Fear and Excitement About the Future 10:33 The Importance of History in Shaping the Future 13:35 The Future of Work and Career Flexibility 16:14 Embracing Change and Innovation 19:10 Preparing for an Unpredictable Future in Retirement Planning 26:18 Embracing Change and Future Planning 30:25 Health and Longevity: Preparing for the Future 32:32 The Role of Public Policy in Retirement 37:35 Disruptive Trends and the Future of Work 43:26 Advice for Future Generations 45:08 Personal Reflections on Retirement and Future Aspirations Resources Futurist.com [http://futurist.com] Nik’s best-selling book “Facing Our Futures: How foresight, futures design and strategy creates prosperity and growth” [https://a.co/d/eawI1wc] Nikolas Badminton on YouTube [https://youtube.com/@nikolasfuturist?si=C5FKryyWRkGOt9MW] Consolidated Planning [http://cplanning.com] Send us your questions by visiting myintelligentretirement.com [myintelligentretirement.com] Disclosures This podcast is for informational purposes only, and should not be considered tax, legal, or investment advice. Although the information has been gathered from sources that are believed to be reliable, please keep in mind that individual situations may vary. Therefore, the information should only be acted upon when coordinated with individual professional advice. Guest speakers and their firms are not affiliated with, or endorsed by Park Avenue Securities, Guardian, Intelligent Retirement, or Consolidated Planning, and all views and opinions stated are their own. Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation. All investments and investment strategies contain risk and may lose value. James Matthews is a Registered Principal and Financial Advisor of Park Avenue Securities, LLC. Securities products and advisory services are offered through Park Avenue Securities, member FINRA, SIPC. James Matthews is a Financial Representative of The Guardian Life Insurance Company of America, New York, New York. Park Avenue Securities is a wholly-owned subsidiary of Guardian. Consolidated Planning and Intelligent Retirement are not affiliates or subsidiaries of Park Avenue Securities or Guardian. 8107130.1 exp 07/2027.

Finding True Happiness in Retirement with Brian Portnoy, Ph.D.

In this episode of the Intelligent Retirement Podcast, author and founder of Shaping Wealth, Brian Portnoy, Ph.D., discusses the concept of 'enough' in financial terms, emphasizing thatit is a decision rather than a number. He explores the psychology behind spending and saving, the importance of funded contentment, and the conflict between wanting more and having enough. The conversation also delves into theevolving nature of retirement, the significance of transitioning from work to a meaningful post-career life, and personal reflections on regret and fulfillment.   Key Takeaways * 'Enough' is a mindset, not just a financialfigure. * Spending is a skill that requires practice. * Experiences tend to bring more happiness than material goods.  * The conflict between wanting more and having enough is a human condition. * Retirement should be about transitioning to something meaningful, not just leaving work.      * Understanding your values is crucial forfinancial planning. * The concept of funded contentment helps define a meaningful life. * Regret often stems from missed opportunities rather than risks taken. * Financial success does not always equate to life satisfaction.  * Planning for retirement should include reflections on legacy and purpose.   Chapters   00:00 Introduction to Behavioral Finance and Wealth 04:42 Understanding the Psychology of Spending 10:18 The Concept of Funded Contentment 15:17 Defining Enough: A Decision, Not a Number 19:24 Financial Success vs. Life Satisfaction 24:47 Hedonic Adaptation and the Ratchet Effect 29:36 Retirement: From Work to Meaningful Living 33:26 Evolving Concepts of Retirement and Longevity 38:01 The Interplay of Financial and Personal Well-Being 41:22 Geometry of Wealth: A Framework for True Wealth 45:31 Personal Reflections on Funding Contentment 49:40 Retiring To Something: A Mindset Shift Resources The Geometry of Wealth: How to shape a life of money and meaning [https://www.amazon.com/Geometry-Wealth-Shape-Money-Meaning/dp/0857196715/ref=sr_1_1?adgrpid=1342504263358443&dib=eyJ2IjoiMSJ9.rPyIzByl2Zzni1JO4GxPa3MidBqrlBrOPWtR8FZ06Jx27s4OzEN2w1YCxU3uEjmYqWmg11PSAWWqje8aLlreue9RJlAh_YHHucffuUaUhprBBipAcl8n5nHnjPDwXFl5WcEITX5WAk-pwZIVCG2iElpu3kDPlEpVpwLZbdxJdlCdS7oVZabFWWZH7Hdym46WnA74rNP3jrLBK9YvyZo7E-kBxpWpRoCnH7K9PESBs0E.9ce4V5EFGVvv9ukYHQTWkTsEVmxqnczY7FPbw-ZdtVA&dib_tag=se&hvadid=83906755382009&hvbmt=be&hvdev=c&hvlocphy=81957&hvnetw=o&hvqmt=e&hvtargid=kwd-83906864826708%3Aloc-190&hydadcr=22562_13494426&keywords=the+geometry+of+wealth&mcid=c74df29754e13100b3d90bf6ad05f306&msclkid=c5a5d66ee8dc104c42e4be36b21c739f&qid=1750620869&sr=8-1] Shaping Wealth [https://www.shapingwealth.com/] Connect with Brian [https://www.linkedin.com/in/brianportnoy] Consolidated Planning [http://www.cplanning.com] Send us your questions at myintelligentretirement.com [http://myintelligentretirement.com] Disclosures This podcast is for informational purposes only, and should not be considered tax, legal, or investment advice. Although the information has been gathered from sources that are believed to be reliable, please keep in mindthat individual situations may vary. Therefore, the information should only be acted upon when coordinated with individual professional advice. Guest speakers and their firms are not affiliated with, or endorsed by Park Avenue Securities, Guardian, Intelligent Retirement,or Consolidated Planning, and all views and opinions stated are their own. Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation. All investments and investment strategies contain risk and may lose value. James Matthews is a Registered Principal and Financial Advisor of Park Avenue Securities, LLC. Securities products and advisory services are offered through Park Avenue Securities, member FINRA, SIPC. James Matthews is a Financial Representative of The Guardian Life Insurance Company of America, New York, New York. Park Avenue Securities is a wholly-owned subsidiary of Guardian. Consolidated Planning and Intelligent Retirement are not affiliates or subsidiaries of Park Avenue Securities or Guardian. 8096429.1, exp 07/2027.

Closing the Gap Between Retirement Expectations & Reality with Emerson Sprick

Summary Is there really a retirement crisis—or are we just measuring the wrong things? Bi-partisan Policy Center economist Emerson Sprick joins host James M. Matthews to break down what the data shows about how Americans actually fund retirement versus how they think they will. You’ll hear why decisions around Social Security matter more than people think, why saving into retirement accounts and relying on part-time work often falls short, and what policymakers and small businesses can do to help. If you want a clearer picture of your retirement—and how to feel more confident about spending—you won’t want to miss this episode. Key Takeaways * The protected income space is evolving rapidly. * Industry innovation is focused on including more protected income sources. * Social security remains a critical component of protected income. * Delaying social security benefits can lead to better financial outcomes. * Defined contribution plans are adapting to include protected income. * The Bipartisan Policy Center advocates for better retirement planning approaches. * Understanding protected income is essential for financial stability in retirement. * There is a push for more thought leadership in the retirement income space. Chapters 00:00 Introduction to Retirement Economics 02:48 Understanding Retirement Income Expectations 05:58 The Role of Social Security in Retirement 07:39 Income and Age: Confidence in Retirement 09:24 The Irony of Income Replacement in Retirement 11:50 Challenges of Working in Retirement 13:44 The Retirement Plan Access Gap 17:35 Impact of Recent Legislation on Retirement Access 19:30 State-Level Solutions for Retirement Savings 26:38 Preparing for Social Security Changes 29:04 The Future of Social Security Benefits 32:05 Perceptions of Social Security Among YoungerGenerations 35:04 Strategies for Retirement Planning 39:23 The Importance of Protected Income in Retirement 41:36 Personal Reflections on Retirement 45:12  Insights for the Future Resources: Bipartisan Policy Center [http://bipartisanpolicy.org] The Retirement Plan Access Gap Research Paper [https://bipartisanpolicy.org/report/retirement-plan-access-gap/] The Alliance for Lifetime Income [https://resources.protectedincome.org/] Connect with Emerson [https://www.linkedin.com/in/emersonsprick] Disclosures: This podcast is for informational purposes only, and should not be considered tax, legal, or investment advice. Although the information has been gathered from sources that are believed to be reliable, please keep in mind that individual situations may vary. Therefore, the information should only be acted upon when coordinated with individual professional advice. Guest speakers and their firms are not affiliated with, or endorsed by Park Avenue Securities, Guardian, Intelligent Retirement, or Consolidated Planning, and all views and opinions stated are their own. Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation. All investments and investment strategies contain risk and may lose value. James Matthews is a Registered Principal and Financial Advisor of Park Avenue Securities, LLC. Securities products and advisory services are offered through Park Avenue Securities, member FINRA, SIPC. James Matthews is a Financial Representative of The Guardian Life Insurance Company of America, NewYork, New York. Park Avenue Securities is a wholly-owned subsidiary of Guardian. Consolidated Planning and Intelligent Retirement are not affiliates or subsidiaries of Park Avenue Securities or Guardian. 8090704.1 exp 07/2027.

The Best-kept Secret in Retirement Income Planning with Tom Wall, Ph.D.

In this episode, host James Matthews speaks with Tom Wall Ph.D, author of the international best-seller 'Permission to Spend.' They discuss the fears retirees face regarding spending, the shift from defined-benefit to defined-contribution plans, and the importance of understanding risks in retirement planning. Tom introduces the concept of a 'permission slip' that allows retirees to spend more confidently.The conversation underscores the need for a paradigm shift in how retirement is approached, with a focus on guarantees and risk management. Key Takeaways * Retirees often fear spending due to uncertainty about longevity and market risks. * The shift from defined benefit plans to defined-contribution plans has placed the onus of retirement planning on individuals. * Default options in retirement plans significantly influence investor behavior and choices. * Sequence of returns risk is a critical factor that many retirees overlook. * The concept of a 'permission slip' can help retirees feel more comfortable spending their savings. * Retirement planning should focus on creating reliable income streams vs. accumulating wealth. * Financial Professionals play a crucial role in guiding clients through retirement planning decisions.   * The definition of retirement is evolving, with many opting for continued work or engagement in different forms. Resources tomwalltalks.com [https://www.tomwalltalks.com/] Permission to Spend: Maximize Your Retirement with the Best-Kept Secret in Personal Finance [https://www.amazon.com/Permission-Spend-Maximize-Retirement-Best-Kept/dp/1959840215] Connect with Tom on LinkedIn [https://www.linkedin.com/in/tomwall] Chapters 00:00 Tom Wall's Journey in Financial Services 03:29 Understanding the Fear of Spending in Retirement 06:15 The Shift from Defined Benefit to Defined Contribution Plans 09:12 The Impact of Default Options on Retirement Choices 11:48 Key Risks in Retirement Planning 14:42 The Best Kept Secret in Retirement Income Planning 20:37 The Misunderstanding of Whole Life Insurance 24:38 The Concept of the Permission Slip in Retirement 33:54 The Evolving Concept of Retirement This podcast is for informational purposes only and should not be considered tax, legal, or investment advice. Although the information has been gathered from sources that are believed to be reliable, please keep in mind that individual situations may vary. Therefore, the information should only be acted upon when coordinated with individual professional advice. Guest speakers and their firms are not affiliated with, or endorsed by Park Avenue Securities, Guardian, Intelligent Retirement, or Consolidated Planning, and all views and opinions stated are their own. Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation. All investments and investment strategies contain risk and may lose value. All whole life insurance policy guarantees are subject to the timely payment of all required premiums and the claims-paying ability of the issuing insurance company. Policy loans and withdrawals affect the guarantees by reducing the policy’s death benefit and cash values. Some whole life polices do not have cash values in the first two years of the policy and don’t pay a dividend until the policy’s third year. Talk to your financial representative and refer to your individual whole life policy illustration for more information. Dividends are not guaranteed. They are declared annually by Guardian’s Board of Directors. James Matthews is a Registered Principal and Financial Advisor of Park Avenue Securities, LLC. Securities products and advisory services are offered throughPark Avenue Securities, member FINRA, SIPC. James Matthews is a Financial Representative of The Guardian Life Insurance Company of America, New York, NewYork. Park Avenue Securities is a wholly-owned subsidiary of Guardian. Consolidated Planning and Intelligent Retirement are not affiliates or subsidiaries of Park Avenue Securities or Guardian. 8023032.1 exp 06/2027.