How to Make Sure You Have Enough Money for Retirement

Summary

Gabriela Santos of JPMorgan discusses retirement planning, emphasizing the need to plan for a long retirement horizon beyond age 90. She advises against market timing, recommends a glide path from risky to income assets, and highlights equities, corporate credit, and private markets for growth and inflation protection.

• Retirement planning should cover 30-35 years in retirement, not just to retirement.
• Avoid market timing because missing the best days can halve returns.
• Asset allocation should shift from risky to income-focused over time.
• Cash is not a long-term growth solution; equities offer nominal inflation protection.
• Corporate credit and private markets (real estate, infrastructure) are highlighted for diversification.
• Bonds hedge recession shocks but not supply-side inflation shocks.
• Diversification requires a mix of assets beyond traditional stocks and bonds.