The New Retirement

Retirement planning has evolved over the past 20 years. Logan talks about how the 401(k) is a savings vehicle, not a retirement plan, and a comprehensive plan is necessary to determine how to use those funds in retirement. Increased longevity means more years to account for financial means, and healthcare costs can be a significant expense. Logan emphasizes the importance of having a retirement philosophy and a customized plan that aligns with individual goals and risk tolerance. She advises against making rash decisions during market volatility and cautions against expecting a retirement plan to outperform the market. The conversation also addresses topics such as early 401k withdrawals, saving for retirement at a later age, and investing in precious metals.