In this episode of Redefine Retirement hosted by Ryan Wheless, guest Christine Benz, Morningstar's director of personal finance and author of How to Retire: 20 Lessons for a Happy, Successful Retirement, shares a holistic approach to retirement planning. Beyond the financial aspects, Benz emphasizes the importance of finding purpose, nurturing relationships, and maintaining flexibility in spending to ensure a fulfilling retirement. The discussion covers critical topics like Social Security strategies, the "widow's tax" challenge, long-term care planning, and the psychological barriers to spending in retirement, such as the "permission to spend" problem.Benz advocates for a gradual transition into retirement, aligning guaranteed income sources with fixed expenses, and preparing for potential tax and health care costs to secure a balanced and meaningful post-work life.Learn more and connect with Christine at: https://www.morningstar.com/people/christine-benzSubscribe to our YouTube Channel: ⁠⁠https://www.youtube.com/@alliedwealthFollow Allied Wealth on Instagram: https://www.instagram.com/allied_wealth/?hl=enVisit the Allied Wealth website to learn more: https://alliedwealth.com/PRODUCED BY IRONCLAD

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