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Retirement confidence grows when your savings become reliable income.

Jean Chatzky joined me on the Get Ready Before Life Happens Podcast to talk about her new book, The Forever Paycheck. Jean explains why retirement planning needs to move beyond accumulation and focus on turning savings into income that can last for life. This conversation is about decumulation, annuities, spending confidence, women and retirement, values, and creating more freedom in the years ahead.

Key Takeaways

• Retirement planning should help turn savings into reliable income.
• Running out of money is one of the biggest retirement fears.
• Switching to spending after a lifetime of savings can feel uncomfortable.
• Retirement income often comes from a maze of accounts.
• A forever paycheck can help simplify decumulation.
• Annuities can provide guarantees through risk pooling.
• Retirement decisions should reflect personal values and shared conversations.
• Women need to be engaged in retirement planning today.

Tony’s Take

After years of saving, spending can feel like the hardest part. A forever paycheck helps reframe the question: How can my money support the life I want for as long as I live?

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Connect with Jean Chatzky:

Website: https://jeanchatzky.com/

LinkedIn: https://www.linkedin.com/in/jeanchatzky/

Instagram: https://www.instagram.com/jeanchatzky/

Facebook: https://www.facebook.com/JeanChatzky/

Connect with Her Money:

• Website: www.hermoney.com
• Instagram: https://www.instagram.com/hermoneymedia/
• TikTok: https://www.tiktok.com/@hermoneymedia

Books:

• The Forever Paycheck: The New Retirement Strategy to Spend More, Worry Less, and Never Run Out of Money (Amazon)
• How to Money: Your Ultimate Visual Guide to the Basics of Finance (Amazon)
• Women with Money: The Judgment-Free Guide to Creating the Joyful, Less Stressed, Purposeful (and, Yes, Rich) Life You Deserve (Amazon)
• Money Rules: The Simple Path to Lifelong Security (Amazon)
• Talking Money: Everything You Need to Know About Your Finances and Your Future (Amazon)
• Pay It Down!: Debt-Free on $10 a Day (Amazon)
• AgeProof: Living Longer Without Running Out of Money or Breaking a Hip (Amazon)
• Money 911: Your Most Pressing Money Questions Answered, Your Money Emergencies Solved – A Lifesaving Guide to Managing Life-Altering Financial Events (Amazon)
• Not Your Parents' Money Book: Making, Saving, and Spending Your Money (Amazon)
• Make Money, Not Excuses: Wake Up, Take Charge, and Overcome Your Financial Fears Forever (Amazon)
• The Difference: How Anyone Can Prosper in Even The Toughest Times (Amazon)
• The Ten Commandments of Financial Happiness: Feel Richer with What You've Got (Amazon)

Podcast:

• Her Money Podcast: https://hermoney.com/t/podcasts/

Resources mentioned:

• Invest for Better website (here). Check out my conversation with Invest For Better Founder: Janine Firpo on the Get Ready Before Life Happens podcast: Invest In Alignment With Your Values (here)

Bio: 

Jean Chatzky is the founder and CEO of HerMoney and the host of “HerMoney With Jean Chatzky.” Jean is a columnist for AARP, a coach on the PBS TV show Opportunity Knocks and a research fellow with the LIMRA Retirement Income Institute. Previously, she spent 25 years as the Financial Editor on NBC's Today Show and was a contributor to Oprah. Jean is an award-winning journalist and broadcaster, a New York Times and Wall Street Journal best-selling author, and a fierce advocate for financial literacy. Her latest book is The Forever Paycheck: The New Retirement Strategy to Spend More, Worry Less and Never Run Out Of Money. 

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The Get Ready Money Podcast and its guests do not provide investment advice. All content is for educational purposes. Guest opinions do not necessarily reflect the opinions of The Get Ready Money Podcast and Tony Steuer.