Core Insights - Retirement should not mean ceasing to grow wealth, but rather requires strategies that minimize risk while ensuring steady income growth [1] Group 1: Investment Strategies for Retirees - The recommended approach for retirees is to adopt a "boring" investment strategy that focuses on safe growth rather than high-risk, high-reward options [3] - Laddering CDs and Treasuries is suggested as a way to lock in favorable interest rates while maintaining liquidity [3] - Dividend-paying ETFs are highlighted as a viable option for generating regular income without the need to sell investments or time the market [4] - Small Roth conversions each year are advised for retirees in higher tax brackets to stretch future income and manage tax liabilities effectively [5] Group 2: Social Security Strategies - Delaying Social Security benefits can significantly increase monthly payments, with an 8% annual increase for each year benefits are deferred [7] - Waiting to claim Social Security from age 62 to 70 can nearly double the monthly benefit, providing a strong financial advantage for retirees concerned about longevity risk [7]