How to Retire

What are the keys to achieving a healthy, happy, and financially secure retirement? In her quest for answers, longtime Morningstar columnist and podcaster Christine Benz interviewed 20 experts in the field of retirement to explore a pivotal lesson each believes is essential for retirement success. These insights span financial details and quality-of-life aspects that assist both future retirees and those already retired in making the most of their lives. On the financial front, topics include identifying your retirement income style as discussed by Wade Pfau, anticipating potential changes in your spending during retirement according to David Blanchett, and structuring your investment portfolio to ensure cash flow during retirement as advised by William Bernstein. Additionally, other conversations delve into equally significant but softer elements, such as how to spend money to enhance happiness (Ramit Sethi), the importance of nurturing relationships in one's later years (Laura Carstensen), and living a life free from regrets (Jordan Grumet). These valuable lessons equip individuals nearing retirement, as well as those already retired, along with their advisors, to approach this stage of life with assurance, insight, and a comprehensive strategy for maximizing their financial and personal assets.