Retirement Talk Radio's Podcast

What is a Safe Rate in Retirement?

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Sinopsis

After years and years of saving money, there will come a point where we need to make withdrawals for retirement income and have to begin taking money out of those IRA accounts and those qualified accounts. The question many pre-retirees and retirees have is how do you know how much you can pull out and spend safely? This is a topic that’s very relevant to anyone approaching retirement, but even if you don’t think you’ll need to take money out of these accounts any time soon, you absolutely should put a plan in place well in advance so that you know you’ll be pulling money out safely and efficiently. This episode will explore what the research tells about withdrawal rates and take you through the different variables we consider when developing our Redefining Wealth® Custom Blueprint Income Plan. Understanding income and expenses is critical in times of volatility like we’re seeing now, which is why a combination of income planning strategies is essential to long-term success. We want to make sure you have a pr