Episode 91B - How You Can Spend More Money in Retirement and Spend With Confidence
Welcome to Straight Talk Wealth Radio, Episode 91B, where Bruce dives deep into the world of retirement planning, ensuring you can spend confidently without worrying about outliving your savings.
Here are 5 key things you'll learn about in this episode:
1. Understanding Defined Contribution Plans: Get the lowdown on how the shift from traditional pensions to 401(k)s has changed the retirement landscape and why spending from these plans can be tricky.
2. The Annuity Puzzle: Discover why retirees with annuitized wealth spend more freely and why so many prefer guaranteed income over hefty lump sums.
3. Benefit of Income Annuities: Learn how transferring longevity risk to insurers through income annuities can provide peace of mind and a steady income stream for life.
4. Evaluating Retirement Products: Compare plans with fixed and increasing incomes and see how they stack up against the famous 4% rule.
5. Maximizing Social Security: Understand the role of Social Security in your income mix and how its guaranteed nature acts as a financial foundation.
***A Fun Fact From the Episode: Did you know that according to a Metlife Mature Markets Institute survey, the number one reason seniors feel confident in retirement is having a guaranteed stream of income? It’s true! Turns out, it's not just about the numbers in your account but the reliability of those numbers coming in regularly.
For more resources and content 🔔Subscribe to our channel to learn more about all things that can impact your financial security and your retirement income.
🎧 Listen to our podcast
👥 Connect with us on Facebook
Key Links:- PDF Report "Guaranteed Income-A license to Spend"
https://www.protectedincome.org/news/license-to-spend/
https://www.wsj.com/personal-finance/americas-60-year-olds-are-staring-at-financial-peril-62599a76
Register for Bruce's training on Stagflation
