S4E12 – How to Adjust Your Retirement Income
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Retirement planning isn’t just about getting to retirement—it’s about making sure your income lasts through retirement. In this episode, Dave and Cole break down how to adjust your retirement income to fit your lifestyle, changing expenses, and market conditions.
They keep it real with practical tips and a down-to-earth discussion on how to create flexibility in your financial plan, avoid common pitfalls, and make your money work for you in retirement.
What You’ll Learn in This Episode:
✔️ Why a static income plan doesn’t work for most retirees
✔️ How to manage withdrawals based on market performance
✔️ The role of annuities, pensions, and Social Security in your income mix
✔️ Strategies for adjusting spending while keeping financial security
✔️ How to prepare for unexpected expenses and rising costs
Key Takeaways:
🔹 Know your income sources: A mix of guaranteed income (like Social Security) and investments can help create stability.
🔹 Stay flexible: Your retirement income plan should adapt to changes in the market and your expenses.
🔹 Be mindful of taxes: Strategic withdrawals can help you minimize taxes and keep more of your money.
🔹 Plan for healthcare costs: Medical expenses can rise over time, so budgeting for them is key.
Questions or Need Guidance? Contact us at info@srbadvisors.com or visit srbadvisors.com.
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