From Yahoo Finance: 2025-04-13 12:13:00

Christine Benz’s new book, “How to Retire,” distills 20 lessons from top retirement experts. Visualize retirement lifestyle and habits for success. Fritz Gilbert emphasizes thoughtful steps before retiring, while Michael Finke suggests finding purpose post-retirement. Maintaining social connections, planning for spending fluctuations crucial. Start early, phase into retirement gradually. Many retirees struggle with the idea of spending their savings, fearing they will be seen as wasteful. However, some use their savings to support loved ones. Experts like William Bernstein suggest a “safety-first” strategy, focusing on securing reliable cash flow through Treasury Inflation-Protected Securities (TIPS) to cover essential expenses.

J.L. Collins advocates for a simple retirement portfolio, emphasizing the importance of keeping investments straightforward, especially considering potential cognitive decline in older age. He recommends using index funds and minimal cash to create a balanced portfolio. This approach aims to simplify financial planning for retirement.

Read more: The secrets to a successful retirement? Planning, spending, and social connections.