In today’s episode we have a special guest: Benjamin Brandt. Benjamin is a Retirement Income Certified Professional (RICP®), and the host of Retirement Starts Today Radio, a top-rated podcast dedicated to retirement planning. Throughout the episode, Ben shares his wisdom on retirement income ideas, spending rules, incorporating flexible spending into your retirement income plans, and numerous other topics. Be sure to stay tuned until the end of the episode, where Ben talks about what people often get wrong in their transition to retirement.
[01:28] Ben’s Story – Ben’s background and his journey through the financial planning industry.
[06:37] The Four Percent Rule – Ben shares his take on the effectiveness of the 4% rule and why it may not be an ideal strategy in some situations.
[10:04] Making Timely Decisions – How to adjust your retirement strategy according to varying market conditions.
[17:11] Distributions – Ben explains the logistics aspect of pulling money from your portfolio and some ways Ben helps his clients plan their distributions.
[19:55] Life After Retirement – Why it’s essential to dedicate yourself to something outside your regular career after retirement and what people do wrong in their transition to retirement.
[24:01] Safe Investments – The value of making informed financial decisions to avoid investment failures and setting flexible spending guidelines.
[29:04] Final Thoughts – Tips & tricks for preparing for retirement.
Ben’s Podcast, Retirement Starts Today Radio: