Retirement planning does not stop when you reach your savings goal. The next challenge is figuring out how to turn those savings into dependable retirement income.
In this episode, David Shotwell and Nick Nauta discuss retirement income planning for Michigan State University employees, including how to estimate spending needs, structure withdrawals, evaluate Social Security timing, and think about taxes in retirement.
Topics covered:
- Determining retirement spending needs
- Understanding income sources in retirement
- Creating withdrawal strategies from retirement accounts
- Evaluating Social Security timing decisions
- TIAA Traditional income considerations
- Tax planning around retirement withdrawals
- Common mistakes retirees make
Helpful resources:
Related episodes:
Tax Planning Episode:
S4E18 – What to Know About Taxes in Retirement
Social Security Planning:
Ep 116: Getting Real About Social Security
Contact SRB today at 517-321-4832 or email us at info@srbadvisors.com.
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