In today’s episode of Framework, Jamie talks with Christine Benz, Morningstar’s director of personal finance. Christine has worked with Moringstar for 25 years and focuses on retirement income planning. She is also the author of 30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances and the Morningstar Guide to Mutual Funds: 5-Star Strategies for Success.

With extensive training in investments with Morningstar, Christine has niched down to retirement income planning where she is viewed as a thought leader.

Jamie and Christine talk about her journey as she moved into the personal finance field with Morningstar and her insights on retirement income planning.

“I love the idea of helping advisors educate their clients so that they are part of the discussion so their clients are reasonably knowledgeable about the basics. I’d love to see the profession continue to move forward in that direction where the clients are engaged, educated partners. ~ @christine_benz

Main Takeaways

  • Advisors can truly add value for their clients from the planning side. As the industry matures, it will move more toward value-add planning and guidance for automated investing.
  • There are simpler investment strategies and products than going the usual active management route. It can be a challenge to find the best business model to use because every individual has a different goal. This is where investor education is critical because it helps them better understand what it is they’re buying.
  • The importance of asset allocation plays a huge role in retirement planning. In general, the goal is to make more money than you spend. It’s important to talk to your investor about having a cash flow instead of yielding toward high income-only investments.
  • Retirement decumulation is an area that requires you to consider more factors, including how the market behaves, time horizons, people’s health, and more.

Links and Important Mentions

Get Your Free Blueprinting Guide

The first step to setting up the framework of your business is to have the right blueprint. But knowing what goes into that blueprint is half of the battle. We put together a free resource that you can use to set your firm down the right path.

Go to CarsonGroupCoaching.com to get your free blueprinting guide.

Subscribe and Stay in Touch

facebook twitter linkedin mail print
Share Post: facebook twitter linkedin mail print
Recent Posts
Blog

Jeremy Schwartz: Behavioral Finance and Investing

By: Ana Trujillo Limon
How can behavioral finance improve your investment strategies? Today on Framework, Jeremy Schwartz, Global Chief Investment Officer at WisdomTree Asset Management, joins Ana Trujillo Limón, Director, Coaching and Advisor …
Blog

Mary Bell Carlson, Ph.D., CFP®, AFC®: Emotional Intelligence & Client Relationships

By: Ana Trujillo Limon
How can advisors create a positive emotional experience with finances and financial planning for their clients? This week on Framework, Mary Bell Carlson, Ph.D., CFP®, AFC®, President of Financial …
Blog

Daniel Crosby, Ph.D.: Money’s Role in The Meaning of Life

By: Ana Trujillo Limon
Welcome to the third episode of Framework’s special behavioral finance series. In this episode, Ana Trujillo Limón, Director, Coaching and Advisor Content, is joined by Daniel Crosby, Ph.D., Chief …
framework

Julie Ragatz, Ph.D.: Behavioral Finance Theory & Decision Making

By: Ana Trujillo Limon
How can firm owners use behavioral finance theory to make better business decisions? Today on Framework, Ana Trujillo Limón, Director, Coaching and Advisor Content, speaks with Julie Ragatz, Ph.D., …
1 2 3 141