S5E5: Income Drawdown
The Meaningful Money Personal Finance Podcast
Pete Matthew
4.9 • 1.7K Ratings
🗓️ 29 March 2017
⏱️ 30 minutes
🧾️ Download transcript
Summary
Two weeks ago we talked about securing an income in retirement. Today I’m going to look in-depth at unsecured income, or what ordinary people call Income Drawdown.
Podcast: Subscribe in iTunes | Play in new window | Download
Sponsor Message
This podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I’m doing, trying to get decent, easy-to-understand financial information out to the world. I’m very grateful to them for their support. You can see what they’re up to at 7im.co.uk
Income Drawdown
The difference between secured and unsecured drawdown is essentially about who takes the risk. With a secured income you have someone else guaranteeing to provide you with the specified income, and it is up to them to do whatever is necessary to meet their obligations.
With unsecured income drawdown, you are in control, and on your own head be it. If you run out of money, too bad. If you still have too much money left when you die, then you haven’t spent enough! The investment risk, the withdrawal rate, the asset mix, is all down to you. So this week I want to look at the mechanics of income drawdown, and then next week, I’m bringing back friend of the show Abraham Okusanya to give us a steer as to how to withdraw money and how to invest for retirement.
In this session you will learn:
- That Income Drawdown is not just about pensions
- Why the Pensions Freedoms of 2015 are so important
- How income tax works in pension drawdown
- Why death benefits should always be front of mind when planning your drawdown strategy
- Why it is worth checking ahead of time whether your own pensions are flexible
- Why consolidation of your pensions makes life easier
- And why you should be very careful doing so
- Why you should check your expression of wishes on your pensions
Transcript
As always there is a transcript available for the entire show. you can get it by clicking the huge blue button below: [Coming Soon]
Share the love
If this show is of any use to you, it would help me massively if you would take the time to leave me a review on iTunes. This has a huge impact on keeping me near the top of the rankings, which in turns helps more people to find the show and to subscribe. Just click the button below:
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hi, folks, and welcome to the Meaningful Money podcast Season 5, Episode 5. |
| 0:11.1 | This is the podcast dedicated to helping you put your finances in order. |
| 0:16.1 | My name is Pete Matthew, and I'm going to share with you everything you need to know and everything |
| 0:19.6 | you need to do to secure your financial future. I'm here to help you make sense of money. |
| 0:33.1 | Hello, hello, great to have you with me once again. Back to normal programming this week after |
| 0:37.9 | last week's two shows. One was to celebrate the 200th episode of the Meaningful Money podcast |
| 0:42.7 | when Mark Schaefer interviewed me and then on Friday I did kind of the follow-up conversation |
| 0:48.3 | with me interviewing him about his new book. So a bit of a departure from the normal sort of season |
| 0:52.9 | format there. Now two weeks ago, which was the previous show in the current season, we talked about securing an income in retirement. And today I want to look in reasonable depth at unsecured income or what ordinary people like you and me call income drawdown. Okay, important subjects becoming more and more important as time goes on, |
| 1:12.0 | an important part of people's retirement income planning. So we're going to cover that in some |
| 1:15.9 | detail. After that, I'll look at some recent reviews that have been left, things like that, |
| 1:19.7 | and now that's what we're going to be talking about next time. But remember, before all of that, |
| 1:22.9 | remember this podcast is brought to you with the very kind help of my good friends at 7 investment management |
| 1:28.6 | they are a firm of investment managers they're based in london they specialize in multi-asset investing |
| 1:33.6 | something i'm forever banging on about this show like a stock record sometimes multi-asset investing |
| 1:39.2 | brings institutional level investing techniques to ordinary people, just like you and me. |
| 1:47.9 | And 7.m. specializing that, and they've been putting their name to my show, helping me out, |
| 1:52.1 | paying for hosting and equipment and stuff like that, sponsoring meaningful money, |
| 1:53.9 | because they believe in what I'm doing, right? |
| 1:59.9 | Trying to get good, decent, easy to put into action, understand, and understand financial information out to those who need it. |
| 2:02.3 | So I'm really grateful to them for their ongoing support. |
| 2:03.9 | Please do check out what they're up to. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Pete Matthew, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Pete Matthew and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.