Retirement Income Part 4: Using Dynamic Withdrawal Strategies to Maximize Income
Stay Wealthy Retirement Podcast
Taylor Schulte, CFP®
4.7 • 678 Ratings
🗓️ 31 August 2021
⏱️ 20 minutes
🧾️ Download transcript
Summary
Today I'm wrapping up our retirement income series by talking about Dynamic Withdrawal Strategies.
Dynamic strategies are designed to:
- Maximize retirement income
- Greatly lower the chance of running out of money
- Combat inflation and maintain purchasing power
If you want to learn about dynamic withdrawal strategies, their pros & cons, and how to implement them, today's episode is for you.
👉 Click here to learn more about our Free Retirement Assessment
To access the show notes for today's episode, click here.
Transcript
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| 0:00.0 | Welcome to the Stay Wealthy podcast. I'm your host, Taylor Schulte, and today I'm wrapping up our |
| 0:07.9 | retirement income series by talking about dynamic withdrawal strategies, what they are, how to |
| 0:14.0 | implement them, and their pros and cons. For all the links and resources mentioned, head over to |
| 0:18.8 | you staywealthy.com forward slash |
| 0:21.1 | 124. |
| 0:22.7 | So really quick, before we get into today's episode, I just wanted to remind everyone that my |
| 0:27.8 | team and I specialize in retirement and tax planning for people over age 50 who have accumulated |
| 0:33.7 | investments of $1 million or more. |
| 0:36.1 | And we offer what we call a free retirement assessment. |
| 0:40.1 | Throughout my career, I realized how difficult it was for people to evaluate financial advisors. |
| 0:45.4 | We all have similar titles and designations. We advertise similar services on our websites and our |
| 0:51.1 | brochures. And sometimes we use the same custodian. And this challenge |
| 0:55.2 | led me to create this free retirement assessment process, which not only provides you with answers |
| 1:00.6 | to your big retirement and tax questions, but also helps you to properly evaluate our firm. |
| 1:07.0 | The assessment allows you to see how we think, our approach and philosophy, the types of |
| 1:11.8 | recommendations we make, and the value that we can provide before ever paying us a single |
| 1:16.6 | dollar in fees. So if you're interested in learning more about our free retirement assessment |
| 1:21.3 | process, just head over to www.freeretirement assessment.com. |
| 1:29.6 | Okay, let's get into today's episode. When I kicked off this retirement income series, I shared a study that concluded that |
| 1:34.8 | almost 80% of respondents in their late 40s were more worried about running out of money |
| 1:40.9 | in retirement than dying. |
| 1:43.4 | And that fear is what most of these retirement withdrawal strategies are based on, |
... |
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