You’ve saved for retirement for years with tools like 401(k)s, IRAs, other investments, and rental properties. Now you need an income stream for life. How do you go about it? You may need to create income to support your lifestyle for 25 years or more.
Financial experts Joe Anderson and Alan Clopine give you strategies to create a steady stream of income during retirement.
Plus, Pure Financial’s Matt Balderston, CFP® tells us about the Total Return approach and the benefits of using this strategy for retirement planning.
(00:48) – Retiree Sources of Income
(2:27) – Creating a Steady Stream of Income in Retirement
(3:25) – Calculating How Much Money You Should Have Saved for Retirement
(4:47) – Analyzing Strategies to Help Save More Money
(5:08) – The 4% Distribution Rule
(8:39) – Retirement Income White Paper – Download Here
(9:43) – Life Expectancy
(10:22) – Ways to Create a Fixed Income: High Dividend Stocks, High-Yield Bonds, Laddered Bonds
(11:28) – Types of Annuities
(14:12) – Total Return Approach
(18:23) – Is Social Security Going to Run Out of Money?
(19:54) – Delaying Social Security Benefits
(20:35) – Reverse Mortgage
(21:30) – Part-Time Jobs
(22:08) – Renting a Room in Your Home
(22:59) – Saving Money on Taxes After Selling Your Business
(24:16) – Pure Takeaway