Discover the tips and strategies that will help you achieve your retirement goals.

I'm your host, James Canole, and this is the podcast dedicated to helping you retire well.

It all starts right here on Ready for Retirement. for retirement. Hi everyone.

Welcome back to another episode of Ready for Retirement.

I'm your host, James Knoll.

The topic for today's episode is where should you take your first paycheck from in retirement?

And specifically, where from your portfolio should you be taking that first paycheck?

And it's a really interesting question because it may seem simple, but it's not necessarily

that simple.

We spend so much time focusing on how much do we need to save and how should we invest and

how do we prepare for retirement and then retirement comes.

And there's this sense of, oh my gosh, where do I actually pull money from?

And specifically, when it comes to your portfolio, that sense of where do I pull money from

in my portfolio? What particular fund or investment do I pull it from first?

So this question is actually based upon a listener question. And the listener question is from

Glenn. Glenn says this. He says, and the listener question is from Glenn.

Glenn says this. He says, hi, James, this is Glenn. I loved your show and listened to it every week. Thank you, Glenn. He says, I'm a do it myself person, but I have a question about withdrawal

strategy. Let's assume I need $100,000 to live on each year. Let's also assume I place $500,000 into

savings slash money market account at the end

of the year that I'm going to begin retirement, so I don't need to care about the market

going up and down that first year. Let's say year one passes. Now I have $400,000 left in

the savings account. So I'll need to withdraw another $100,000 to replenish it to make it a full five years

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