Let's wrap about portfolio withdrawal strategies in this, the 33rd episode of the Retirement Planning Education Podcast.

Welcome to the Retirement Planning Education Podcast, where you can learn all about IRAs and Roth IRAs, employer retirement plans, taxes, Social Security, Medicare, portfolio withdrawal strategies, annuities,

estate planning, and much more. And now here's your host, Andy Panko.

Hello, everyone. Welcome back. Thank you as always for listening. Let's talk about how to take

money out of your portfolio, your investment accounts today. And this is something largely unique to

retirement. There's sort of two stages of a financial life, if you want to boil it down very

simplistically. There's the accumulation stage where you are working, earning money,

putting money into your 401k, your IRA, your regular brokerage account,

your savings accounts, whatever. The point is your, you know, the money you save and invest is

often a sort of one-way street, you put the money in, let it sit there, invest it, and just

kind of hang out. It's there for retirement. Well, then once you actually get in,

you know, near or in retirement, you're now in a different stage of life. It's no longer the

accumulation stage. You are now in the decumulation stage where you are now starting to take out

and spend that money, that nest egg that you built up. And that's what it's there for. Uh, not to get too

off topic, but it's a very sort of emotionally hard shift and change in mindset to go from

decades of saving and accumulating and putting money in, not taking it out, watching it grow

to now you are no longer not putting money in, but you're taking money out. So you're a nest egg

that you've seen only kind of, you know, go up, up over the decades and now starts to go down,

down, in not all cases. Some cases, people retire and their savings actually, you know, go up

throughout the years, depending how much they take out and what the markets are doing and whatever.

But generally, for most people, the nest egg you saved,

you are now using it for its intended purpose, you know, get you through retirement, start

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