Ep. 57 - How Do You Get Paid in Retirement?

You’ve saved for retirement. You’ve invested carefully. But now comes the most important question:How do you actually get paid in retirement?In this episode, we break down how retirement income really works — how money moves from your various accounts into your checking account, how taxes impact each source, and how to design a system that keeps income predictable and flexible.We cover:✔️ Social Security – how benefits are set up, direct deposit, tax withholding, and Medicare deductions✔️ Pensions – predictable income, tax treatment, and coordination✔️ IRAs and 401(k)s – withdrawal rules, mandatory withholding, and tax implications✔️ Roth IRAs – tax-free income strategies✔️ Brokerage and trust accounts – capital gains and income planning✔️ Annuities – qualified vs. non-qualified taxation and LIFO rules✔️ Investment real estate – rental income, taxes, and ownership considerationsRetirement isn’t just about accumulating assets — it’s about creating a coordinated income strategy that adapts as markets, taxes, healthcare costs, and life circumstances change.We also discuss:• How taxes affect each income source• How Medicare premiums are deducted• Why flexibility matters• How to integrate spouses and beneficiaries into the planA well-designed retirement income plan ensures that multiple sources work together efficiently — creating confidence, clarity, and financial stability in your “last career.”If you’re approaching retirement or already retired, this episode will help you understand how to turn your savings into a reliable paycheck.Subscribe for more conversations about retirement income, tax strategy, and financial clarity.