451: License to Spend: A Retirement Income Strategy That Helps Combat Longevity Risk
Retire With Purpose - The Retirement Podcast
Casey Weade
4.7 • 564 Ratings
🗓️ 2 August 2024
⏱️ 21 minutes
🧾️ Download transcript
Summary
You worked hard for your money. To truly enjoy that money confidently in retirement, making smart investment decisions and having a personalized retirement income strategy is key.
In this episode, we discuss:
- The concept of "guaranteed income"
- Misconceptions of annuities
- How interest rates impact annuity payouts
Today's article comes from ThinkAdvisor.com titled, The Income Strategy That Gives Retirees a 'License to Spend'. Listen in as Founder and CEO of Howard Bailey Financial, Casey Weade, breaks down the article and provides thoughtful insights and advice on how it applies to your unique financial situation.
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Show Notes: Howardbailey.com/451
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ABOUT HOWARD BAILEY FINANCIAL: Our mission is to help others gain clarity in purpose and elevate meaning in their lives through personal and practical financial strategies. Our Retire With Purpose™ Framework starts with establishing your unique financial philosophy — the true meaning and purpose for your money in retirement. Through continued education, one-on-one meetings, and a comprehensive team planning approach, we have helped retirees across the country secure their financial futures. And while we can't work with everyone, our goal is to provide value to everyone we meet. Our team of advisors and support specialists strive to deliver the very best experience in pre-retirement and retirement planning. Learn more about our process here: https://howardbailey.com/our-process
Transcript
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| 0:00.0 | Do you want a 007 retirement? |
| 0:01.5 | I know I do because I want a license to spend. |
| 0:04.8 | Every retiree wants a license to spend in retirement. |
| 0:07.9 | And some of the latest research we're going to be sharing with you today proves out an income strategy that gives you just that. |
| 0:25.0 | Hey, I'm Casey Weed. |
| 0:25.9 | Welcome to the podcast. |
| 0:30.3 | It's my mission to deliver clarity and purpose and elevate meaning in your life. |
| 0:33.4 | If you're new to the show, I want you to know what that means. It means both providing you great financial conversation, great non-financial conversation, all designed to elevate your experience in retirement. |
| 0:42.7 | We bring to you world-class guests from around the world on a variety of different topics. |
| 0:48.0 | And then every single Friday, we get together with you like we are today to cover a more trending topic. |
| 0:56.0 | These trending topics, they come from our weekend reading for retirees email series. That's an email. Hit your inbox every single Friday |
| 1:01.7 | with four articles. We like to cover those articles with you here in depth. We'll pull one of those out. |
| 1:07.1 | We'll take a deeper dive into it, one that we feel like needs a little bit more attention, |
| 1:11.6 | a little bit more color. And in order to get that email, it's super easy. Just shoot us a text. |
| 1:17.3 | Shoot us a text with the key letters, WR to 866-482-959. We'll get that email out to you every |
| 1:25.0 | single Friday, along with all kinds of other great resources, free webinars. |
| 1:29.6 | We have great book giveaways, questionnaires, assessments, all kinds of great stuff. |
| 1:34.0 | Really excited about a social security webinar that I have coming out soon, but you won't get |
| 1:38.5 | that invitation unless you get yourself signed up. |
| 1:41.3 | So get yourself signed up. |
| 1:42.5 | Now let's jump into the podcast. |
| 1:45.1 | I'm here with my good friend Marshall Johnson, fellow certified financial planner practitioner. Hey, hey. Let's do it, buddy. |
... |
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