Mastering Retirement Cash Flow: Understanding Income
In This Episode:
Making the transition to retirement means shifting your mindset from accumulation to distribution and knowing where your income will come from is one of the most important aspects of planning. There are many different sources for income and a variety of ways to create this monthly stream but planning ensures you’re doing so as efficiently as possible.
In this episode, we’ll uncover the secrets of guaranteed income versus the uncertain stuff and shed light on the consequences of retiring without a clear income plan. Don’t worry if you’re feeling lost – we’ve got your back with practical solutions and expert guidance. Tune in and take charge of your retirement cash flow!
Here’s some of what you’ll learn in this episode:
The different types of income sources that we typically use for clients.
How you should diversify your income streams like you do investments.
What is guaranteed income versus non-guaranteed income.
How to structure your income to cover your needs and what to use to take care of those wants.