Withdrawal Strategy in Retirement

Jill on Money with Jill Schlesinger

Audacy

Investing, Education, Business, Self-improvement

4.6 • 1.9K Ratings

🗓️ 3 February 2023

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

In many ways, saving for retirement is the easy part. What can be tricky is knowing how to execute a withdrawal strategy. That's the discussion with Michael from Minneapolis.

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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Transcript

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0:00.0	Welcome to the Jill on Money Show. It's Friday, February 3rd. Hey, Mark, it's exciting.
0:09.2	It's the first jobs report of the year. Yeah, it's exciting. I mean, not the first one.
0:15.2	It's the first month that we have data. So the January jobs report will come out at 830
0:21.6	Eastern time. And here's what's expected. We are going to see continued deceleration of
0:28.0	job growth, which is a fancy way of saying we're not creating as many jobs. I think that
0:33.0	number is probably going to be somewhere around 150 to 175,000 new jobs created. The unemployment
0:38.9	rate is going to stick around this range 3.5, 3.6. Maybe it'll go to 3.7. It's been in such a narrow
0:45.2	range for so long, Mark. It's hard to, I don't know, like how we got to get more people back in that
0:50.0	labor force. So that's coming out today. And if there's something really weird with it, I will come
0:56.8	back on the air tomorrow morning. I'll give you a little synopsis of what I think is important. But,
1:01.6	you know, generally speaking, we know growth is slowing down in the United States. We saw it
1:07.0	throughout the year last year in terms of job growth. But we also saw in December a real pullback
1:13.2	on spending by consumers. And I think that's continuing this year. So, Mark, you remember way back
1:18.9	when you said, I think we're going to be able to do a soft landing. Yeah, I'm still hopeful. Are
1:23.9	you hopeful? Are you a believer? I have to say I'm lean in believe. You know me because I always
1:29.5	think the world's coming to an end that I always go for worst case scenario. I back off that, you
1:35.6	know, little by little. But I think that we are going to be in a recession. I'm a little worried
1:41.6	about the debt ceiling. It got to be honest with you. It's freaking me out that we're everyone
1:45.7	is so sure it's going to be okay. And I never like consensus on those kinds of things. I'm always
1:51.2	like, well, what if not? And then that would be a disaster. Not that you should do anything with it.
1:55.1	I'm just saying it would be a disaster. I think that we're probably going to get a recession this
2:00.4	year. I'm going to take the yes recession. You go for the no recession. We cancel each other out
	...

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