Where to Find Retirement Income When the Stock Market Freaks Out - 383

Your Money, Your Wealth

Realestate, Income, Investing, Personalfinance, 401k, Rothconversion, Retirement, Education, Taxes, Socialsecurity, Personalfinances, Finance, Retirementplanning, Investments, Stocks, Business, Roth, Fiduciary, Ira

2.3 • 681 Ratings

🗓️ 21 June 2022

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Equitable accumulators, cash management accounts, and Social Security: with today’s market volatility, how can you squeeze a few more dollars of income out of your retirement savings? Any reason not to use a robo-advisor for decumulation, in other words, spending down those savings? Plus, a pension retirement spitball follow-up, and is it possible to avoid tax liability on a lump sum withdrawal from a 401(k)? Finally, is Joe’s marriage the canary in the Coors Light Party Ball for YMYW? Show notes, free financial resources, Ask Joe & Big Al On Air: https://bit.ly/ymyw-383

Transcript

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0:00.0	Today on your money, your wealth podcast number 383, equitable accumulators, cash management accounts, and social security.
0:09.0	With today's market volatility, how can you squeeze a few more dollars of income out of your retirement savings?
0:15.5	Any reason not to use a robo-advisor for decumulation? In other words, spending down those savings, plus a pension
0:22.4	retirement spitball follow-up, and is it possible to avoid the tax liability on a lump sum
0:27.9	withdrawal from a 401K?
0:30.0	Finally, is Joe's Marriage the Canary in the Coors Light Party Ball for YMIW?
0:35.4	I'm producer Andy Last, and here are the hosts of Your Money, Your Wealth, Joe Anderson,
0:40.1	CFP, and Big Al Clopine, CPA.
0:43.7	Go to Your Moneywalt.com, click on Ask Joe and L on the air.
0:47.1	Ask any financial question, any question whatsoever.
0:50.7	Anything you want to talk about.
0:52.7	That's what we're here for.
0:53.5	Even non-finance related. I don't care. Just something to... Something to talk about that's what we're here for even non-finance related i don't care
0:55.1	just something to something to talk about that's something interesting okay we can chat about
1:01.6	we probably get a lot more questions that way yeah you know what volatile markets Alan yes it's
1:07.3	like crickets yeah you know bull markets it's like we get 400 emails a day but i think people are freaking out of it's like it's like we're Bull markets, it's like we get 400 emails a day.
1:12.6	Right.
1:13.6	I think people are freaking out a little bit, kind of hiding under the covers.
1:16.6	Seem to be.
1:17.6	Now is the right time to start asking questions, right?
1:20.6	Well, it is.
1:21.6	And so the tendency, of course, in a market like we're at right now is to either sell or just try to stay put and write it out.
	...

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