Christine Benz on Retirement Portfolio Strategies, Effective Withdrawal Approaches, and Navigating Spending Transitions

Ever wondered how the ETF industry is mirroring the innovation boom of biotech? Tune in as Eric Balchunas from Bloomberg unpacks the fascinating parallels in our latest episode. We promise you'll gain eye-opening insights into how specialized ETFs are becoming the go-to solutions for investors seeking everything from premium income to market buffers. Eric also highlights a cultural shift towards riskier investment strategies that are shaking up traditional asset allocation, offering both thrilling opportunities and potential pitfalls.We explore how the transformative ETF rule is paving the way for more complex, derivative-included launches, drawing in thrill-seekers and those in search of sophisticated tax management. With products that echo the expertise of ex-hedge fund professionals, the landscape is becoming more layered and intriguing. Eric shares his take on how the industry is tapping into investor psychology and behavioral biases, crafting solutions that speak to modern financial needs. Don't miss this engaging episode where finance meets creativity, and learn how you can stay ahead in this ever-evolving market.The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.Support the show

Unlock the secrets of modern retail investing with the legendary Keith Fitzgerald, who brings over 45 years of unparalleled experience to our latest episode. Join us as we uncover Keith's groundbreaking "quantummental" strategy, a fusion of top-down and bottom-up analysis that allows investors to tap into transformational themes like digitalization and AI. Keith shares his wisdom on aligning with "must-have" companies such as Apple and Chevron, offering a roadmap to capitalize on long-term trends while skillfully navigating the market's ever-evolving landscape. In a world where computerized trading and zero DTE options dominate, Keith reveals how a disciplined approach and a clear exit strategy can make all the difference. From setting profit targets to understanding when changes in a company's direction, like dividend cuts, may warrant a sell decision, he lays out a methodical path to investing success. This episode isn't just about financial strategies; it's about making a meaningful impact on people's lives. Keith's passion for sharing knowledge extends beyond our conversation, inviting listeners to continue the journey through his media appearances and KeithFitzgerald.com. Prepare to be inspired and equipped with insights that could transform your investment approach.The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.Support the show

Unlock the secrets to a resilient retirement strategy with Christine Benz from Morningstar as we explore the nuances of effective portfolio construction. Gain insights on the bucket approach, a method designed to weather market downturns by maintaining a cash cushion equivalent to one to two years of spending. Christine imparts her expertise on the famous 4% withdrawal rule, adapting it to the current economic climate, and discusses how evolving fixed income yields, equity valuations, and inflation forecasts suggest a more conservative approach for retirees in 2024. We'll also challenge the traditional view of bonds as the safest assets and examine the potential of blue-chip dividend stocks as an alternative means to stability.Navigate the psychological hurdles retirees encounter when shifting from saving to spending with actionable strategies to make this transition smoother. From practice spending to considering annuities, we uncover solutions to the "permission to spend" challenge many retirees face. With a growing number of individuals planning to extend their working years due to financial necessity, we address the reality of health and job-related limitations on these plans. Throughout, we highlight the invaluable insights Christine Benz shares across her book, articles, videos, and the podcast "The Long View," guiding listeners towards a pragmatic approach to retirement planning. Explore these rich resources and equip yourself for a thoughtful retirement journey.The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions. Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Support the show

Discover the secrets to preserving your legacy with expert insights from Jamie Hopkins on the Money Show. We unravel the complexities of estate planning, focusing on the often-neglected aspects of digital assets and their troublesome transfer upon death. With the evolution of online accounts and changing legal landscapes, many are left unprepared and at risk of having outdated wills. Dive into how modern technology and AI could simplify this daunting process, ensuring your estate plan remains current and effective.Navigating the digital world posthumously can be a legal quagmire, but there are solutions. Jamie sheds light on the Revised Uniform Fiduciary Access to Digital Asset Act (RUFADA) and how it grants fiduciaries access to digital assets, provided they're mentioned in legal documents. We tackle the tough challenges of valuing digital assets and the operational struggles families face without crucial digital access. This conversation is a must-listen for anyone looking to future-proof their estate plans in the age of digital dependency.Selecting the right estate attorney is a task of utmost importance, and Jamie provides invaluable guidance on making this crucial decision. From understanding family dynamics to acknowledging the inevitability of mortality, he emphasizes the need to work with a professional who can navigate the intricacies of modern estate planning. Learn about the benefits of joint and separate meetings for couples and why drafting your own will could lead to unforeseen complications. Let Jamie’s expert advice steer you toward a smoother, more secure estate planning journey.The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions. Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Support the show

Renowned economist Ed Yardeni joins me on Lead-Lag Live to unpack the roaring market trends and economic shifts of our time. Known for his bullish perspective, Ed sheds light on the resilience of the US economy, drawing fascinating parallels to historic periods like the 1920s and 1990s. We explore why expansions often last longer than recessions and how this outlook aligns with current market dynamics, especially the persistent appeal of large-cap stocks amidst a small-cap earnings stagnation. We'll navigate the intricate dance of market expectations with a focus on the Federal Reserve's maneuvers and the geopolitical undercurrents affecting gold prices. Our conversation critiques the concentration risk within the tech sector, reminiscent of the late 1990s, and delves into the realm of antitrust worries and fiscal policy's unpredictable impacts. Tune in to hear our insights on the necessity of maintaining objectivity in investment strategies, regardless of political climates, and how to construct a portfolio resilient to inflation, inspired by Mark Faber's risk parity model.In our exploration of global economic shifts, we discuss the US market's impressive performance since 2010 and its resilience in the face of global uncertainties, with a nod to India's emerging strength. Despite predictions of recession due to aggressive monetary tightening, the US economy's surprising robustness is noteworthy. We ponder the potential continuity of the current bull market into the decade's end and the risks of overheating, while also considering the influence of social media in shaping investment strategies. Join us for an enriching conversation that promises to expand your understanding of our evolving economic landscape.The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions. Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Support the show

Discover the layers of modern investing with Keith Dicker, founder and Chief Investment Officer of IceCap Asset Management, as we navigate the volatile world of Canadian equities and their global counterparts. Keith unveils the complexities of portfolio diversification beyond the traditional 60-40 split, urging investors to embrace a mix of cash, currencies, sovereign debt, credit, equities, and commodities. Together, we dissect the fervor surrounding equities and anticipate market shifts following the American elections, amid fears of a global economic slowdown.Canada's rapid population growth presents unique economic challenges, straining housing, infrastructure, and public services, while slowing economic output per capita and heightening recession risks. Keith and I discuss Canada's recession history, typically oil-driven and centered on Alberta, yet warn of potential balance sheet recessions impacting housing and corporate lending. The conversation expands to interest rate dynamics, exploring looming inflationary pressures and recession concerns in both Canada and the US, as dictated by the Bank of Canada and the Federal Reserve.Central banks might lean towards jumbo rate cuts, with the Bank of Canada poised for significant decisions as inflation hovers precariously. Keith and I delve into the possibility of a sovereign debt crisis and the intricate balancing act facing policymakers, reflecting on past economic policy failures. Commodities emerge as a critical component of diversified portfolios, offering a hedge against geopolitical and inflationary uncertainties. We champion a customized approach to portfolio management, especially for family offices, critiquing the investment industry's tendency to misattribute success and failure. Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Foodies unite…with HowUdish!It’s social media with a secret sauce: FOOD! The world’s first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today: Support the show

Explore the complexities of modern capitalism with our insightful guest, David Stockman, the former budget director under Ronald Reagan. Discover how the legacy of Reaganomics continues to shape our economic landscape, as Stockman sheds light on the successes and failures of past fiscal policies. We're tackling the pressing challenges of federal deficits and monetary policy, offering a comprehensive look at how historical decisions impact today's and future administrations.Uncover the potential consequences of the Federal Reserve's monetary maneuvers on bond prices, interest rates, and market stability. We dive into the intricacies of maintaining low interest rates amidst persistent inflation and the looming specter of stagflation. Through a critical analysis of past and present economic cycles, such as the 2019 panic, we emphasize the delicate balance required to avoid recession and the limitations of the Fed's capabilities in influencing economic outcomes.Gain a global perspective on financial markets as we discuss the roles of hard assets like gold and Bitcoin in uncertain times. We'll also address geopolitical tensions and the potential implications for global debt issues. With a touch of optimism, we consider how artificial intelligence might drive future productivity, offering a possible avenue to navigate current financial challenges. Don't miss our spotlight on David Stockman's Counter Corner newsletter, a treasure trove of in-depth economic analysis and insights.The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions. Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Foodies unite…with HowUdish!It’s social media with a secret sauce: FOOD! The world’s first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today: Support the show

Michael Taylor, PM of the Pink Fund, shares his extraordinary journey from the lab to the world of finance, bringing a unique perspective on investment strategies in the healthcare sector. With a background in molecular biology, Michael has transitioned successfully from a gene therapy scientist to a key player in healthcare finance. Learn how his scientific insights have fueled the creation of Pink, a groundbreaking healthcare ETF that supports breast cancer research through the Susan G. Komen Foundation. This episode promises a rich exploration of how financial success can walk hand in hand with philanthropy, making a tangible difference in the fight against cancer.Get ready to navigate the complex landscape of active versus passive investing as we dissect the challenges of managing ETFs versus hedge funds. Michael offers a candid account of his experiences in shorting within the healthcare sector, highlighting the importance of maintaining a concentrated portfolio and the relentless pursuit of opportunities to generate alpha. With a spotlight on the role of leverage in high-stakes environments like Citadel, discover the intense pressures of performance and the clever strategies that hedge fund managers employ to stay ahead. This episode unpacks the delicate balance of risk and reward in the competitive world of healthcare finance.As we look toward the future, Michael offers a compelling vision of innovation-driven returns in the healthcare sector. From the surprising momentum of GLP-1 drugs to the transformative impact of AI in biotech, this conversation explores the evolving strategies that promise to reshape the industry. Hear firsthand how political changes and groundbreaking developments are influencing investment approaches, and why strategic research collaborations are key to understanding financial markets. Join us for an insightful dialogue that bridges science and finance, illustrating the power of informed investing with a philanthropic edge.DISCLAIMER – PLEASE READ: This is a sponsored episode for which Lead-Lag Publishing, LLC has been paid a fee. Lead-Lag Publishing, LLC does not guarantee the accuracy or completeness of the information provided in the episode or make any representation as to its quality. All statements and expressions provided in this episode are the sole opinion of Simplify and Lead-Lag Publishing, LLC expressly disclaims any responsibility for action taken in connection with the information provided in the discussion. The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all i Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Foodies unite…with HowUdish!It’s social media with a secret sauce: FOOD! The world’s first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today: Support the show

Join me, Michael Gayed, as I sit down with seasoned investor Gary Brode to tackle some of the most pressing issues in the financial world today. How effective are current regulations in the fight against foreign money laundering, and what role does Senator Elizabeth Warren play in this landscape? We dissect the effectiveness of fines and discuss potential legislative changes needed to truly make an impact. Gary lends his expertise to a complex conversation on inflation, arguing it's more a product of unchecked government spending and debt monetization than Federal Reserve actions. His insights remind us of the historical pitfalls of fiat currencies, sparking a critical examination of systemic economic challenges.The conversation takes a global turn as we navigate the intricacies of China's economic stimulus and its far-reaching effects on international markets. Are such government-driven market interventions sustainable in the long run? Gary and I highlight the investment potential we see in small-cap and micro-cap companies that promise robust growth amidst these uncertainties. Bitcoin's role as a political talking point is more relevant than ever, with significant implications for investors seeking long-term gains. We discuss how understanding market misconceptions can uncover hidden opportunities for the astute investor.As global energy demands rise, we turn our focus to uranium and nuclear energy's pivotal role in achieving carbon-free energy generation. We address the supply and demand dynamics impacting uranium pricing and the challenges faced by major producers. With a nod to authenticity, I emphasize the importance of integrity in investment strategies, drawing on the genuine connections I've built over time, including my relationship with Gary. This episode is packed with insights for anyone looking to deepen their understanding of the current financial landscape and spot emerging investment opportunities.The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions. Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Support the show

Discover the untapped potential of politically responsible investing with Hal Lambert of Point Bridge Capital in this thought-provoking episode. We unravel the mysteries behind market cap-weighted indices and explore how equally weighted strategies might better illuminate true security selection. Hal shares insights into the political currents shaping corporate America, especially how companies align with left-leaning pressures, and introduces us to his politically-focused ETF that has been thriving for seven years. This conversation challenges the status quo, offering a fresh perspective on investing in today's politically charged landscape.We take a deep dive into the influential role of corporate political contributions on both elections and business performance. Uncover how corporate PACs and employee donations wield significant influence, and how the shift from shareholder to stakeholder priorities has pulled corporate America leftward. With regulatory challenges on the horizon, this episode looks at how sectors like industrials and oil and gas, represented in the MAGA ETF, are strategically navigating these pressures. Hal and I discuss how these industries' conservative leanings are correlated with financial success and what that means for investors looking for political alignment in their portfolios.As the 2024 U.S. presidential election looms, we speculate on its potential impact on the economy and investment strategies. Delve into the nuances of how a Trump or Harris presidency might alter policy decisions, taxes, and economic growth. We also consider the broader implications of interest rate changes and a potentially divided government on financial markets. Concluding with an examination of ETF liquidity and tax efficiency, we highlight the unique offerings of the MAGA ETF for those eager to align their investments with their political beliefs. Engage with Hal Lambert through investpolitically.com for further insights into aligning your investments with your values.DISCLAIMER – PLEASE READ: This is a sponsored episode for which Lead-Lag Publishing, LLC has been paid a fee. Lead-Lag Publishing, LLC does not guarantee the accuracy or completeness of the information provided in the episode or make any representation as to its quality. All statements and expressions provided in this episode are the sole opinion of Point Bridge Capital and Lead-Lag Publishing, LLC expressly disclaims any responsibility for action taken in connection with the information provided in the discussion. The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial ad Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Foodies unite…with HowUdish!It’s social media with a secret sauce: FOOD! The world’s first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today: Support the show