Redefining Retirement: When Traditional Portfolio Advice Falls Short

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Long Story Short

Burney Wealth Management

21 episodes

1 week ago

Long Story Short is a weekly financial planning and investing podcast from Burney Wealth Management. Each week, your hosts Andy Pratt, CFA, CAIA and Adam Newman, CFA, CFP®, discuss the biggest questions they’re hearing from clients. They’ll occasionally bring in team members and interesting guests to discuss specialized topics like estate planning, business succession, and retirement income strategies. Founded in 1974, The Burney Company is a fee-only investment advisory firm that manages $3 billion in assets. Learn more about comprehensive financial planning at burneywealth.com.

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Redefining Retirement: When Traditional Portfolio Advice Falls Short

Long Story Short

40 minutes 14 seconds

3 months ago

Redefining Retirement: When Traditional Portfolio Advice Falls Short

The Romans invented retirement in 13 BC for soldiers who served 20 years. Today, you might be retired longer than you actually worked.

Andy and Adam explore why traditional retirement investing advice doesn't work when you're looking at a 40-50 year retirement. They discuss the psychology of switching from accumulation to distribution, the real math behind withdrawal rates, and why the old 60/40 portfolio might leave you short.

We cover:

How retirement evolved from a 2-3 year benefit to potentially half your adult life
The sequence of return risk that can derail early retirement years
Why your portfolio allocation should change gradually, not all at once
The bucketing strategy for managing short-term volatility
How alternatives can reduce portfolio risk when stocks and bonds move together
The go-go, slow-go, no-go phases of retirement spending

⏱️ Timestamps:

(00:35) NFL retirement age leads to retirement history lesson
(02:30) From Roman soldiers to modern retirees: how we got here
(05:40) Why you might be retired longer than you worked
(08:00) The psychology of investing when paychecks stop
(12:20) Sequence of return risk and the bucketing approach
(16:00) The math behind sustainable withdrawal rates
(17:45) Why stocks beat bonds over 20-year periods
(22:45) The emotional reality of market volatility in retirement
(29:20) Go-go, slow-go, no-go: how retirement phases affect spending
(32:20) Alternative investments and portfolio diversification
(39:00) Podcast disclosures

Resources:

Follow Burney Wealth Management on LinkedIn

Follow Adam Newman on Linkedin

Follow Andy Pratt on LinkedIn

Andy’s blog: Why do I own this?!?

A Guide to Alternative Investments and Their Place in Your Portfolio

Have a question you want answered in a future episode? Email us at longstoryshort@burney.com.

#RetirementPlanning #RetirementReadiness #PortfolioManagement #WealthManagement

The Burney Company is an SEC-registered investment adviser. Burney Wealth Management is a division of the Burney Company. Registration with the SEC or any state securities authority does not imply that Burney Company or any of its principals or employees possesses a particular level of skill or training in the investment advisory business or any other business. This content is for informational and educational purposes only. It is not intended as personalized investment advice or a recommendation.