How to Turn Your Retirement Savings Into Income The Retirement Income Engine

Описание: Retirement isn't about hitting $1 million in savings or 12X your salary, it's about determining exactly how much income you'll need to live the life you want and strategically planning out your withdrawal strategy.

You have to consider your expenses, plan for taxes, take into account market volatility, inflation, and the risk of out-living your retirement savings.

In this video Cary walks you through two strategies for effectively working out your expenses in retirement, the three different approaches to drawing income in retirement, the most common withdrawal strategy and it's tax implications, the three big risks to a retirement plan and an example of how all these pieces fit together.

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⏱Video Chapters⏱
00:00 - Intro
00:41 - How Much Income Do You Need?
01:08 - Two Approaches to Figuring Out Your Expenses
02:34 - Where Will the Income Come From?
03:16 - The 4% Rule
04:42 - The Income Buckets Strategy
05:56 - The Guardrails Approach
06:42 - Common Withdrawal Strategy
07:29 - Flexibility is Key
07:57 - Three Big Retirement Plan Risks
08:23 - Real-World Example
09:07 - Bringing It All Together

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