Episode 175 - Can You Spend More Than 4% of Your Portfolio in your 60s and 70s? Morningstars David Blanchett Speaks Out
b'In this episode of The Lange Money Hour: Where Smart Money Talks, we welcome to the show Morningstar's David Blanchett. David is head of retirement research at Morningstar Investment Management, LLC, and in that role, he works to enhance the group\\u2019s consulting and investment services and conducts research primarily in the areas of financial planning, tax planning, annuities and retirement. In 2014, Investment News included David in their inaugural \\u201cForty Under Forty\\u201d list as a visionary for the financial-planning industry, and in 2014, Money magazine called him one of the brightest minds in retirement planning. He\\u2019s a retire mentor for Market Watch and an expert retirement panelist for the The Wall Street Journal.\\nTOPICS COVERED:\\n1. Guest Introduction: David Blanchett of Morningstar Investment Management\\n2. Should You Spend More Early in Retirement While You\\u2019re Relatively Healthy?\\n3. The Three Buckets: Needs, Wants and Wishes\\n4. Key Factors: How Long Will You Live, What\\u2019s the Return Rate, How Much Will You Spend?\\n5. David Blanchett\\u2019s 25-Times Rule for Sufficient Savings and Accounting for Inflation\\n6. Managing Your Portfolio with Flexibility, As If It Were an Endowment\\n7. Think in Terms of \\u2018Risk Preference\\u2019 Rather Than \\u2018Risk Tolerance\\u2019\\n8. Your Paid-Off Home Is a Powerful Asset for a Comfortable Retirement\\n9. Comprehensive Planning and the Idea That \\u2018No Portfolio Is an Island\\u2019\\n10. Beyond Alpha and Beta: The Gamma of Holistic Financial Planning\\n11. David Blanchett\\u2019s Retirement Rule of Thumb: One Size Does Not Fit All\\n12. Bucket Analogy Helps Clients Better Understand How Portfolio Works for Them\\n13. One Overall Goal, But Different Investment Strategies to Get There\\n14. David Blanchett\\u2019s Best Advice: You Only Retire Once, Don\\u2019t Screw It Up'