In this episode of the EnRich Your Life podcast, host Rich Leimgruber sits down with Marcel Benjamin, Fixed Income Strategist at State Street Investment Management, to discuss the essential shift in your financial strategy as you move from your wealth accumulation (growth) phase into retirement (income).
Have you spent years building up your savings and are now wondering how to turn that nest egg into a reliable paycheck? This episode is for you!
Marcel breaks down the role of bonds and introduces an innovative approach to managing your income portfolio: bond ladder Exchange-Traded Funds (ETFs)
What You'll Learn:
Bonds Made Simple: Get a clear, layman's explanation of what a bond is and how it differs from owning stocks.
The Power of Bond Ladders: Discover how staggering the maturity dates of your bonds (a "bond ladder") can help reduce the risk of having to reinvest all your money when interest rates are low (reinvestment risk).
A Modern Solution: ETF Bond Ladders: Learn about using low-cost, actively managed ETFs that are specifically designed to mature like individual bonds. This approach offers the diversification and efficiency of ETFs, avoiding the high costs and lack of transparency often found when trading individual bonds.
Matching Your Money to Your Life: Understand how these "stated maturity" ETFs can be used for Asset-Liability Matching (ALM), tips on aligning your investments with future cash needs, like a child's college tuition, buying a second home, or simply creating a planned retirement income stream.
Corporate vs. Municipal Bonds: Explore the trade-offs between higher-yielding corporate bonds and the potential tax benefits of state and local municipal bonds.
Whether you're looking to create a more tax-aware income stream or simply seeking a different path for a portion of your wealth, this episode is full of strategic insights you can use immediately.
Filmed and recorded at Studio on the Avenue/LMC Media
Mamaroneck, NY
https://lmcmedia.org/
Produced and Edited by Vekterly
https://www.vekterly.com/
Disclaimer: This podcast is for informational and educational purposes only and should not be considered as financial advice, a recommendation for any specific investment, strategy, or financial decision, or legal advice. By engaging with this material, you acknowledge and agree with its intended purpose. Any examples provided are hypothetical and for illustration purposes only. Neither Rich Leimgruber, the EnRich Your Life Podcast, nor its representatives are advising or suggesting any specific action or decision. Before making any financial, legal, or tax decisions, individuals should consult their own financial advisor, accountant, legal professional, or other qualified professional before making financial decisions. All opinions expressed are those of the host and guests and do not reflect the views of any affiliated financial institutions. The views shared may not be suitable for every individual or situation. Past performance is not indicative of future results, and all investments carry risk. Please note that any strategies discussed may not be suitable for all investors, and the appropriateness of any specific investment or strategy will depend on individual circumstances.
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