Ep67 | Retirement Income Planning: Where Will Your Paycheck Come From?

The paycheck stops when you retire. The bills do not.In this episode, Ray Godleski breaks down the retirement income puzzle: where your income will come from, how the pieces fit together, and why a retirement plan needs to be more than just an investment account. This is part of an ongoing retirement planning series on the Executive Retirement Compass.You'll learn:The main sources of retirement income: Social Security, pensions, portfolio withdrawals, annuities, interest and dividends, and cash reservesWhy Social Security is not just an income source, it is also a risk management toolHow the order of your withdrawals affects your taxes, Medicare premiums, and long-term planThe difference between essential expenses and discretionary expenses and why it mattersWhy the question is not just how much have I saved, but how will I turn what I've saved into income that lastsIf you're within a few years of retirement and want clarity around your retirement plan, book a complimentary consultation to build a strategy tailored to you:Book a Consultation: https://app.greminders.com/e/9bfdfdf70740f21a2e1cec4140dd884dd4ef6365Tune in and start thinking about retirement differently.🎙 Follow the show on Apple Podcasts: https://podcasts.apple.com/us/podcast/executive-retirement-compass-financial-planning-to/id1796392113📧 [email protected] welcome. Real answers given.Explore our free tools and resources at: www.YourNextStepFinancial.com