Retirement Withdrawal Strategy

In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the five different things to consider when it comes to withdrawing your retirement money. To successfully establish an income stream in your retirement, you must be strategic when taking money from the retirement accounts you’ve built over the years.Listen in to learn how to determine your spending during retirement and which accounts the money will come from. You will also learn the importance of being flexible to make changes to your strategy as things and priorities shift over time.In this episode, find out:●     Determine your retirement needs – understand how much you’ll need and build a plan.●     Understand the different types of retirement accounts, the rules around them, and how they play out.●     Determine your tax priorities and understand the pros and cons of your decisions.●     Manage investment risks using the bucket strategy (cash in the bank, investment, and safety buckets).●     Be willing to adjust your strategy over time as priorities change, preferably annually.Tweetable Quotes:●     “You need to understand the rules around traditional IRAs and traditional 401Ks and how that’s going to play out.”- Radon Stancil●     “A retirement-focused financial plan in our eyes is something that is living, breathing, and is going to go through some changes.”- Murs TariqResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.