03: Turning Your Retirement Savings into Retirement Income

Building your retirement income plan can become complex.  There's a lot to put together. You know what assets you have, but how do you organize all of these tools to work together to create sustainable income?    It's kind of like a jigsaw puzzle. The first step is to separate the pieces into categories. Even though everyone's pieces will look a little different, Stephanie and Kevin help you see how you can use different vehicles as retirement income.    Key topics discussed:  Categorizing what assets you have is the first step to start your retirement income plan  (01:08) Using U.S. Government funded programs such as Social Security & Medicare (03:12) Other sources of possible income (06:55) Your IRA is not just an investment vehicle (09:28) Using your home as equity (10:41) What role do annuities and life insurance play? (12:07)   Resources mentioned:   Free inventory worksheet can be downloaded here: https://download.filekitcdn.com/d/tcbLcNwXz1FStJwceH9fUD/eqHQ9efpu2KDhRG4yH9Rpu   _____________ If you like what you've been hearing on this podcast, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. [email protected]    You can find the transcript and all of the information about this episode at sofiafinancial.com/podcast   Follow Stephanie on Twitter, Facebook, YouTube and Linkedin.  Follow Kevin on Twitter, Facebook, YouTube and Linkedin.