John interviews David Blanchett, the Head of Retirement Research at Morningstar, to discuss how to generate retirement income. 

With interest rates at historic lows and longevity expectations longer than ever, many retirees face the challenge of having to generate income from their investments for potentially 3 or 4 decades.

As a result, many researchers suggest incorporating an income annuity as part of the overall portfolios a way to balance all the various risks. 

During the show, David talks about:
The different types of annuities, such as accumulation vs. income annuities
The benefits of risk pooling and mortality credits
The psychological impact of spending down an investment portfolio vs. receiving guaranteed income 
How to think about layering annuities into an overall income plan 

You can check out more about David here: https://www.morningstar.com/authors/1738/david-blanchett

Disclosure: this is not a recommendation for an annuity, but rather a fun and educational conversation so you can talk with your advisor and weigh the pros and cons. 

John interviews David Blanchett, the Head of Retirement Research at Morningstar, to discuss how to generate retirement income.&nbsp;
With interest rates at historic lows and longevity expectations longer than ever, many retirees face the challenge of having to generate income from their investments for potentially 3 or 4 decades.
As a result, many researchers suggest incorporating an income annuity as part of the overall portfolios a way to balance all the various risks.&nbsp;
During the show, David talks about:
<ul>
<li>The different types of annuities, such as accumulation vs. income annuities</li>
<li>The benefits of risk pooling and mortality credits</li>
<li>The psychological impact of spending down an investment portfolio vs. receiving guaranteed income&nbsp;</li>
<li>How to think about layering annuities into an overall income plan&nbsp;</li>
</ul>
You can check out more about David here: <a href="https://www.morningstar.com/authors/1738/david-blanchett">https://www.morningstar.com/authors/1738/david-blanchett</a>
Disclosure: this is not a recommendation for an annuity, but rather a fun and educational conversation so you can talk with your advisor and weigh the pros and cons.&nbsp;

The John Chapman Show is your source for retirement strategies to help you better manage your time and money. Pre-retirees face some major headwinds: ultra low interest rates, high stock valuations, increasing healthcare costs and longevity, and the ever changing tax and estate laws. If you're planning to retire within the next 10 years, are you on track to attain financial independence? Host, John Chapman, is a CFP® and Partner at WorthPointe, a boutique wealth management firm helping clients get the most from life with the money they do have. For more information, you can check out www.thejohnchapmanshow.com. 

The John Chapman Show is your source for retirement strategies to help you better manage your time and money. Pre-retirees face some major headwinds: ultra low interest rates, high stock valuations, increasing healthcare costs and longevity, and the ever changing tax and estate laws. If you're planning to retire within the next 10 years, are you on track to attain financial independence? Host, John Chapman, is a CFP&reg; and Partner at WorthPointe, a boutique wealth management firm helping clients get the most from life with the money they do have. For more information, you can check out <a href="http://www.thejohnchapmanshow.com">www.thejohnchapmanshow.com</a>.&nbsp;

The John Chapman Show Podcast

Planning to retire in the next 5-10 years? Want to ensure you are retirement ready? 

The John Chapman Show is your source for retirement strategies to help you better manage your investing, tax, insurance and estate planning.  

Pre-retirees biggest risks lie in not just investing the wealth they’ve built, but also in maintaining an up to date and secure financial plan as life changes. 

As you make the final push in your working career, be sure to stay on track with your financial plan so that ultimately you get the MOST from life with the money you do have. 

Host, John Chapman, is a CFP® and Partner at WorthPointe, a boutique wealth management firm helping clients gain financial peace of mind.

Planning to retire in the next 5-10 years? Want to ensure you are retirement ready?&nbsp;
The John Chapman Show is your source for retirement strategies to help you better manage your investing, tax, insurance and estate planning.&nbsp;&nbsp;
Pre-retirees biggest risks lie in not just investing the wealth they&rsquo;ve built, but also in maintaining an up to date and secure financial plan as life changes.&nbsp;
As you make the final push in your working career, be sure to stay on track with your financial plan so that ultimately you get the MOST from life with the money you do have.&nbsp;
Host, John Chapman, is a CFP&reg; and Partner at WorthPointe, a boutique wealth management firm helping clients gain financial peace of mind.

The John Chapman Show

Considering Annuities As Part of An Overall Income Plan with David Blanchett, PhD,  Head of Retirement Research at Morningstar

3 Phases of Compound Growth

On Monday November 25th of 2019 Charles Schwab purchased TD Ameritrade for 26 billion dollars in an all stock deal. For some context, Schwab was started in 1971 by Charles Schwab, he is an entrepreneur from Northern California and graduated from Stanford in 1959. *It should be noted that this is different from Klaus Schwab the founder of the World Economic Forum. That's a completely different guy.* So why did Charles Schwab want to buy TD Ameritrade? Well the reasoning is fairly straightforward - it was an opportunity to almost double their customer base from 12 million customers to 23 million customers, and add over a trillion dollars in assets. To help better understand a brokerage company let's use an analogy of a grocery store. in the same way that you need to go to a grocery store in order to buy food you need to go to a brokerage company in order to buy Investments like stocks ETFs or Mutual fund. The main thing TD Ameritrade customers need to know is that they will have to create a new username and password on the Schwab website after their account has moved over. You do NOT have to create new accounts on the Schwab platform, that will automatically be done for you and the investments moved over. For more information, check out welcome.schwab.com

On Monday November 25th of 2019 Charles Schwab purchased TD Ameritrade for 26 billion dollars in an all stock deal. For some context, Schwab was started in 1971 by Charles Schwab, he is an entrepreneur from Northern California and graduated from Stanford in 1959. *It should be noted that this is different from Klaus Schwab the founder of the World Economic Forum. That's a completely different guy.* So why did Charles Schwab want to buy TD Ameritrade? Well the reasoning is fairly straightforward - it was an opportunity to almost double their customer base from 12 million customers to 23 million customers, and add over a trillion dollars in assets. To help better understand a brokerage company let's use an analogy of a grocery store. in the same way that you need to go to a grocery store in order to buy food you need to go to a brokerage company in order to buy Investments like stocks ETFs or Mutual fund. The main thing TD Ameritrade customers need to know is that they will have to create a new username and password on the Schwab website after their account has moved over. You do NOT have to create new accounts on the Schwab platform, that will automatically be done for you and the investments moved over. For more information, check out <a href="http://welcome.schwab.com/" data-testid="test-anchor-link-external">welcome.schwab.com</a>

Schwab/TD Ameritrade Merger -What You Need To Know

Hello!

As we approach the halfway point for 2023, I’d like to share a brief overview on the markets and help you think about your financial plan. Also, be sure to check out my short YouTube video below for additional commentary! 

Strengths:
Large Cap Stocks (up over 9% by the end of May ‘23) 
Money markets, CD’s and T-Bills, yielding approximately 5%!

Weaknesses
The Fed continuing to raise interest rates
Banks, Real Estate Investors impacted by high interest rates
Small Cap and International Stocks showing relatively slower growth compared to Large Cap Stocks thus far 

Opportunities
Investing in profitable, reasonably priced companies such as Value and Dividend paying companies 
Dollar Cost Averaging into the market (for those who are still working)
Learning from last years volatility and staying diversified (more on this in my YouTube Video) 

Threats
Potential for interest rates staying higher for longer than investors anticipate, which could lead to slow growth or a recession in the future

In summary, while the market was tumultuous last year, this year the market has offered a  welcomed respite. 

For now I remain optimistic that the market and economy will slowly move forward since unemployment is still low and most Americans are spending money, which helps propel stock prices. 

While anything could happen next, the most successful financial plans are those with clearly defined goals, times frames, and risk profile. That way, you can weather any storm and stay on track for financial independence. 

Want to chat more? Please feel free to reply to john.chapman@wpwm.com and we can schedule a call.

Hello!
As we approach the halfway point for 2023, I’d like to share a brief overview on the markets and help you think about your financial plan. Also, be sure to check out my short YouTube video below for additional commentary! 
Strengths:
<ol>
<li aria-level="1">Large Cap Stocks (up over 9% by the end of May ‘23) </li>
<li aria-level="1">Money markets, CD’s and T-Bills, yielding approximately 5%!</li>
</ol>
Weaknesses
<ol>
<li aria-level="1">The Fed continuing to raise interest rates</li>
<li aria-level="1">Banks, Real Estate Investors impacted by high interest rates</li>
<li aria-level="1">Small Cap and International Stocks showing relatively slower growth compared to Large Cap Stocks thus far </li>
</ol>
Opportunities
<ol>
<li aria-level="1">Investing in profitable, reasonably priced companies such as Value and Dividend paying companies </li>
<li aria-level="1">Dollar Cost Averaging into the market (for those who are still working)</li>
<li aria-level="1">Learning from last years volatility and staying diversified (more on this in my YouTube Video) </li>
</ol>
Threats
<ol>
<li aria-level="1">Potential for interest rates staying higher for longer than investors anticipate, which could lead to slow growth or a recession in the future</li>
</ol>
In summary, while the market was tumultuous last year, this year the market has offered a  welcomed respite. 
For now I remain optimistic that the market and economy will slowly move forward since unemployment is still low and most Americans are spending money, which helps propel stock prices. 
While anything could happen next, the most successful financial plans are those with clearly defined goals, times frames, and risk profile. That way, you can weather any storm and stay on track for financial independence. 
Want to chat more? Please feel free to reply to <a href="mailto:john.chapman@wpwm.com">john.chapman@wpwm.com</a> and we can schedule a call.

Considering Annuities As Part of An Overall Income Plan with David Blanchett, PhD, Head of Retirement Research at Morningstar

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