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Stay Wealthy Retirement Podcast

Retirement Income Part 4: Using Dynamic Withdrawal Strategies to Maximize Income

Stay Wealthy Retirement Podcast

Taylor Schulte, CFP®

Investing, Business

4.7678 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:

  1. Maximize retirement income
  2. Greatly lower the chance of running out of money
  3. 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

Click on a timestamp to play from that location

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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