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Hello, everyone. This is the Big Picture Retirement Show, the podcast for anyone who is planning for or living in retirement.

I'm Devin Carroll, and for the third week in a row, John is gone.

But joining me in the studio today is Brandon Renfro.

Hey, Brandon.

What's up, Devin?

We have been talking about retirement drawdown strategies for the last two weeks,

and we're going to continue that conversation today. We have some talking about retirement drawdown strategies for the last two weeks, and we're going to continue that conversation today.

We have some really fun stuff to talk about.

So in the first week, we talked about account-related activities that you could take to start getting your account ready to be tax-efficient, mostly is what we were talking about.

And then the second week,

we talked about how to make sure that your money last. We talked about the 4% rule, 5%. And then you

talked about some other strategies too, where you could take some adjustable returns based on market

performance to make sure that your money would last, but might allow you to take a little

bit more income on the front end. Does that sound like a good? Yep, good summary. Okay. Fantastic.

So then for today, we're going to talk about setting a floor. Now, what is a floor, Brandon?

So notice if we're contrasting this with the methods we talked about before, there was no idea of a minimum withdrawal in those other methods.

So what we're going to do here with a flooring strategy, and that's the conceptual idea of the strategy.

There are a couple of ways to establish a floor. But the idea here is that you use some type of guaranteed product,

so a bond or an annuity or a CD or, you know, some type of product that's fixed to establish

a minimum withdrawal from the portfolio that won't be affected by investment performance.

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