057: Understanding Sequence of Returns Risk with Bud Kasper

18/01/2022 32 min Episodio 57
057: Understanding Sequence of Returns Risk with Bud Kasper

Listen "057: Understanding Sequence of Returns Risk with Bud Kasper"

Episode Synopsis

As of this writing, we're experiencing market valuations that none of us have ever seen in our careers. If you're getting close to retiring (or just retired), this can have a major impact on how you pay for the rest of your life. To make sense of how this plays out over the course of retirement, I'm talking to Bud Kasper. Bud is the President of our Lees Summit location, and he was one of the first CFPs, as well as the first chairman of the Financial Planning Association for greater Kansas City and former president of the Institute of Certified Financial Planners of Heart of America. Bud recently wrote an article called Can Retirees Survive the Next Bear Market?, where he outlined all the different ways that timing can impact retirement. In this conversation, we discuss his writing on this topic, what the sequence of returns is, and how it can affect not just your ability to retire, but your ability to get through retirement. In this podcast interview, you'll learn: Why so many new retirees are worried that they'll have to start taking distributions in a bear market. How to stress test your retirement plan to survive a market downturn. How a sequence of returns can be the difference between running out of money or having $3.8 million at the same age. Strategies Bud recommends to help clients preserve their money. How you can use a dynamic withdrawal strategy to use your portfolio to deliver income. What retirees need to know about planning for rampant inflation. Get Today's Show Notes To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/57 Learn More about Retirement Planning Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com