How to Plan For Varying Withdrawal Needs In Retirement

Ready For Retirement

James Conole, CFP®

Investment Planning, Bonds, Education, Stocks, Cash, Business, Dividend Investing, Retirement Planning, Retirement, Investing, Tax Planning

5 • 706 Ratings

🗓️ 28 December 2021

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our topic on this episode of the Ready for Retirement podcast is about planning for varying withdrawal needs in retirement Questions answered: Where should I pull funds from first and how does that impact my retirement strategy? What strategies can I implement to maximize my income in retirement? What is the best strategy for your individual situation? Are you ready to start focusing on the things that truly matter when it comes to your financial future? We’re on YouTube! Check us...

Transcript

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0:00.0	Discover the tips and strategies that will help you achieve your retirement goals.
0:09.3	I'm your host, James Canole, and this is the podcast dedicated to helping you retire well.
0:14.6	It all starts right here on Ready for Retirement. for retirement.
0:29.3	Hi, everyone and welcome back to another episode of Ready for Retirement.
0:30.6	I'm your host, James Cannell.
0:35.4	And this is the last episode of 2021, which is kind of hard to believe.
0:38.7	So that has no relevance at all to today's episode, but just a thought as I'm recording this and hard to believe that. So anyways, today's
0:44.0	episode is really all about how do you plan for income and retirement when you have different
0:48.8	income sources come in at different times? So maybe staggered income sources. How do you treat your portfolio
0:54.8	when it's not just one consistent withdrawal rate that you're pulling money from? So that is what
0:59.6	we'll be discussing today. If you've not already done so already, make sure to check us out on
1:03.8	YouTube. Under YouTube, the channel name is Root Financial Partners, where you can find this
1:07.7	episode and a whole lot more. And if you've not already done so,
1:11.3	would really appreciate it if you leave a nice five-star review for this podcast if, of course,
1:16.7	you are enjoying it. So that being said, let's jump into the question for today. This question
1:22.1	comes from Annette. And Annette says, hi, James, I love your podcast and Field is one of the best
1:26.7	podcasts for individuals near retirement. So glad I found it. Thank you, Annette., Hi, James, I love your podcast and field is one of the best podcasts for individuals near
1:28.1	in retirement. So glad I found it. Thank you, Annette. I am glad you found it as well. I'm glad that you've been
1:33.4	tuning in. She goes on to say, I have listened to many of your podcast, but I don't recall if this
1:37.7	question has already been addressed. The question is, how do you analyze your retirement
1:41.1	portfolio when you require varying withdrawal amounts from your
1:44.2	portfolio in the early years of retirement versus the later years? For example, say a couple
	...

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