S4E11 – How to Put Together a Retirement Income Strategy

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🎙️ Hosts: David Shotwell & Nick Nauta

Episode Overview

In this episode of Kitchen Table Finance, David and Nick break down the essential steps for creating a solid retirement income strategy. They discuss different income sources, withdrawal strategies, and key decisions that impact financial security in retirement. If you’re planning for retirement or are already there, this episode will help you piece together your financial puzzle.

Key Topics Covered

✅ Identifying Your Income Sources

• Social Security: How to estimate your benefits and when to start collecting

• Pensions: Understanding your options and survivor benefits

• Retirement Savings: Pre-tax vs. Roth accounts and how they fit into your plan

• Other Income Sources: Real estate, annuities, side gigs, or part-time work

• The Role of Bank Savings and Investments

✅ Deciding When to Take Social Security

• The impact of delaying benefits vs. taking them early

• How Social Security claiming strategies affect long-term financial security

• Considerations for working while taking Social Security

✅ Withdrawal Strategies for Retirement Savings

• The 4% Rule: A useful guideline, but not a one-size-fits-all solution

• How to balance withdrawals from taxable, tax-deferred, and tax-free accounts

• The impact of required minimum distributions (RMDs)

• Roth conversions and tax planning considerations

✅ Personalized Retirement Planning

• Life expectancy and family history as factors in financial decisions

• The emotional side of retirement spending—how to transition from a saver to a spender

• How different strategies fit different personalities and risk tolerances

Final Thoughts

Planning your retirement income strategy isn’t just about the numbers—it’s about your lifestyle, goals, and peace of mind. David and Nick emphasize the importance of making informed, personalized decisions to create a financial plan that works for you.

📩 Questions or Need Guidance? Contact us at info@srbadvisors.com or visit srbadvisors.com.

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