Christine Benz discusses her new book, "How to Retire: 20 Lessons for a Happy, Successful, and Wealthy Retirement," in Episode 73 of "Bogleheads on Investing." This podcast covers so much information that you'll probably listen twice!
Rick Ferri
Your Podcast Host
Rick,
I enjoyed listening to the podcast this morning on my “early retiree bike ride,” a portion of which involved riding right past an entrance to the main Vanguard campus. Seems appropriate on so many levels.
Christine Benz discusses her new book, "How to Retire: 20 Lessons for a Happy, Successful, and Wealthy Retirement," in Episode 73 of "Bogleheads on Investing." This podcast covers so much information that you'll probably listen twice!
Rick Ferri
Your Podcast Host
Rick,
I enjoyed listening to the podcast this morning on my “early retiree bike ride,” a portion of which involved riding right past an entrance to the main Vanguard campus. Seems appropriate on so many levels.
Appropriate for sure!
Mine involved listening while mowing the lawn this morning after being gone to a family wedding for the past week. Kudos to Rick and Christine! I want to get the book after all the teasers.
CyclingDuo
"Save like a pessimist, invest like an optimist." - Morgan Housel |
"Pick a bushel, save a peck!" - Grandpa
There are very few authorities, if any, who know more about investing than Christine Benz. I own her last book and it is among the best in my library. You can read excerpts here:
"The beauty of owning the market is that you eliminate individual stock risk, you eliminate market sector risk, and you eliminate manager risk." -- "There may be better investment strategies than owning just three broad-based index funds but the number of strategies that are worse is infinite."
"Simplicity is the master key to financial success." -- Jack Bogle
In all fairness, the creation of appropriate transcription and closed captioning is done by the podcast producer as part of the distribution process, and a well established standard for any media organization big or small.
That may be in true in the commercial world. It’s not true here. 100% of the “production” of this podcast every month is done by me personally. I put in about 30 hours seeking out guests, reading their materials, interviewing them, editing the interview, putting together the tape, and publishing it. Other volunteers take that tape and create an ACCURATE transcript. It was tough to find someone who would do that, but people did step forward.
All I’m asking for is if someone is not satisfied with how fast ACCURATE transcripts get out, that they step forward and volunteered to do it.
Rick Ferri
No good deed goes unpunished, apparently...
[THANK YOU for all your work, Rick. These interviews are all fantastic. ]
100% agree.
Great job, Rick. We are very appreciative of your great job helping others
“Every deduction is allowed as a matter of legislative grace.” US Federal Court
Christine Benz discusses her new book, "How to Retire: 20 Lessons for a Happy, Successful, and Wealthy Retirement," in Episode 73 of "Bogleheads on Investing." This podcast covers so much information that you'll probably listen twice!
Christine is the director of personal finance and retirement planning at Morningstar and senior columnist for Morningstar.com. She also co-hosts a podcast for Morningstar, The Long View. Christine is widely quoted in the media and the recipient of several awards, including being named by Barron’s as one of the ten most influential women in wealth management in 2021. She is the author or co-author of two previous books.
The Bogleheads on Investing podcast is supported by the John C. Bogle Center for Financial Literacy, a non-profit organization approved by the IRS as a 501(c)(3) public charity on February 6, 2012. Your tax-deductible donation to the Bogle Center is appreciated.
Rick Ferri
Your Podcast Host
Mr. Ferri did an admirable job of moving the multiple topics along, and Ms. Benz's pithy answers made for a podcast well worth the listen time.
Strong work!
Retirement is best when you have a lot to live on, and a lot to live for. * None of what I post is investment advice.* |
FIRE'd July 2023
Rick Ferri wrote: ↑Thu Aug 29, 2024 4:24 pm
Your question is perfectly legitimate and I’m glad you asked.
No. I don’t receive any compensation from interviews or podcasts.
That said, people do contact me for advice after listening to a podcast or reading an interview, and over time I may have a paid consultation with them, but the wait list for a consultation is over one year long. I’ll be long retired before getting to everyone on the list.
Rick Ferri
Hi Rick, thanks so much for all you do. Your efforts on the Bogleheads podcasts are much appreciated and you do an excellent job.
It is very good to have people like you who are industry experts to post here, your input is very valuable. Always good to get an insider's view.
I listened a second time and enjoyed it both times. I am sure the book is fantastic and I will read it at some point. What I may have missed is whether it's something I should be thinking about in the immediate future, as I'm in my early 40s and won't be retiring for many years.
I'm sure the book is fantastic. I am just unsure if I am the target audience.
"What was true then is true now. Have a plan. Stick to it." -- XXXX, _Layer Cake_ |
|
I survived my first downturn and all I got was this signature line.
Clever_Username wrote: ↑Wed Sep 04, 2024 11:53 am
What I may have missed is whether it's something I should be thinking about in the immediate future, as I'm in my early 40s and won't be retiring for many years.
As I listened to the podcast, I was thinking the optimal time to do a first read of the book is maybe 7-10 years pre-retirement. Then maybe light re-reads a couple more times before retirement.
I also felt that the book wasn’t really targeted to me. But then again, I’m 6 years post retirement.
Retired life insurance company financial executive who sincerely believes that ”It’s a GREAT day to be alive!”
Thank you, Rick. I was able to convince my local library to buy Christine's new book based on your post and summary of your podcast discussion. Thank you, Rick and Christine!
WhyNotUs wrote: ↑Thu Sep 05, 2024 8:29 am
Quoting Gillian Welch, well done
iceport wrote: ↑Tue Aug 27, 2024 3:51 pm
Well — in the words of Gillian Welch — time's a revelator.
Thanks for noticing. Always great to meet another fan!
As I suddenly realized how far my perception of Christine's work had progressed over the years, I literally heard the line from that song in my head. That's because I also realized that there was not one single article, interview or presentation that changed my thinking. It wasn't even when Christine first started attending the Boglehead conferences. Instead, it was the dogged persistence and consistency of her work over a long period of time. Over the long arc of her career, her true colors have finally shown through to me. Christine's work always deserved respect; now I trust her as well. She is a strong and steadfast advocate for the small individual investor, and it's reassuring to think that her advocacy might be having an influence at Morningstar.com.
"Discipline matters more than allocation.” |—| "In finance, if you’re certain of anything, you’re out of your mind." ─William Bernstein
Retiredrocketbuilder wrote: ↑Tue Sep 03, 2024 7:57 am
Rick, please pass on my heartfelt thanks to your volunteer who did the transcript. The interview and the transcript are very much appreciated.
As it happens, no middleman was needed! I write all the transcripts for the Bogleheads on Investing podcasts (and formerly the Bogleheads Live podcasts as well) and I appreciate your kind comment!
For other folks who are dissatisfied, just please know I work a full time job and these 60 minute podcasts are 20 page Word documents. The initial transcription I receive is a garbled mess from a program. I do a full run through editing the transcript using intuition, and then a second run through while listening to the actual podcast to fix anything I missed and make the paragraph spacing intuitive (and add appropriate links and such). It takes about 4 hours to complete, which I did on Sunday over the Labor Day Weekend for this podcast.
Thank you 9-5 Suited. It is apparent sometimes on this forum that people don't understand and appreciate all the work that many people do to support the forum, especially since it is all volunteer. Well done!
tomd37 wrote: ↑Thu Sep 05, 2024 9:42 pm
Thank you 9-5 Suited. It is apparent sometimes on this forum that people don't understand and appreciate all the work that many people do to support the forum, especially since it is all volunteer. Well done!
I agree! Volunteering is one of the best ways of giving back to society, if not the best.
Never in the history of market day-traders’ has the obsession with so much massive, sophisticated, & powerful statistical machinery used by the brightest people on earth with such useless results.
Clever_Username wrote: ↑Wed Sep 04, 2024 11:53 am
What I may have missed is whether it's something I should be thinking about in the immediate future, as I'm in my early 40s and won't be retiring for many years.
As I listened to the podcast, I was thinking the optimal time to do a first read of the book is maybe 7-10 years pre-retirement. Then maybe light re-reads a couple more times before retirement.
I also felt that the book wasn’t really targeted to me. But then again, I’m 6 years post retirement.
Thank you. I think I need to figure out when 7-10 years pre-retirement is for me then. It is not out of the question for me to have the money by that time frame and also to have accomplished in my career what I intend to do before I retire.
"What was true then is true now. Have a plan. Stick to it." -- XXXX, _Layer Cake_ |
|
I survived my first downturn and all I got was this signature line.
tomd37 wrote: ↑Thu Sep 05, 2024 9:42 pm
Thank you 9-5 Suited. It is apparent sometimes on this forum that people don't understand and appreciate all the work that many people do to support the forum, especially since it is all volunteer. Well done!
Appreciate it! Glad to help the community in a small way.
Retiredrocketbuilder wrote: ↑Tue Sep 03, 2024 7:57 am
Rick, please pass on my heartfelt thanks to your volunteer who did the transcript. The interview and the transcript are very much appreciated.
As it happens, no middleman was needed! I write all the transcripts for the Bogleheads on Investing podcasts (and formerly the Bogleheads Live podcasts as well) and I appreciate your kind comment!
For other folks who are dissatisfied, just please know I work a full time job and these 60 minute podcasts are 20 page Word documents. The initial transcription I receive is a garbled mess from a program. I do a full run through editing the transcript using intuition, and then a second run through while listening to the actual podcast to fix anything I missed and make the paragraph spacing intuitive (and add appropriate links and such). It takes about 4 hours to complete, which I did on Sunday over the Labor Day Weekend for this podcast.
9-5 suited:
Thank you for your very successful efforts to improve our Bogleheads Forum -- already the largest and best investment forum on the internet.
Best wishes.
Taylor
Jack Bogle's Words of Wisdom:"The Bogleheads forum is a treasure trove of information, as its contributors and visitors alike help one another, with no axe to grind, in all matter of topics that essentially cover the entire field of investing."
"Simplicity is the master key to financial success." -- Jack Bogle
Retiredrocketbuilder wrote: ↑Tue Sep 03, 2024 7:57 am
Rick, please pass on my heartfelt thanks to your volunteer who did the transcript. The interview and the transcript are very much appreciated.
As it happens, no middleman was needed! I write all the transcripts for the Bogleheads on Investing podcasts (and formerly the Bogleheads Live podcasts as well) and I appreciate your kind comment!
For other folks who are dissatisfied, just please know I work a full time job and these 60 minute podcasts are 20 page Word documents. The initial transcription I receive is a garbled mess from a program. I do a full run through editing the transcript using intuition, and then a second run through while listening to the actual podcast to fix anything I missed and make the paragraph spacing intuitive (and add appropriate links and such). It takes about 4 hours to complete, which I did on Sunday over the Labor Day Weekend for this podcast.
Thank you for that! At various points in my life, I have had to transcribe recorded interviews, also typically starting from a garbled mess, and I know how much work it can be.
"What was true then is true now. Have a plan. Stick to it." -- XXXX, _Layer Cake_ |
|
I survived my first downturn and all I got was this signature line.
Rick, as normal you did an excellent job with this podcast. I enjoyed listening to your interview with Christine Benz, one of my favorite Morningstar authors. I can't tell you how much these podcasts have influenced me, this topic in particular was timely. I am 65 years old, still working but on Medicare, but I am looking at retirement coming up really soon. My target is 20 months away, that might change, but what was once a distant event in the future is now almost here. Doubtless, others who listened are in a similar situation. Thanks again.
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