May 28th, 2019
You’ll likely hear time and time again about the importance of having a “written retirement or financial plan” that you can rely on. And what does that really mean, you might ask? Well, a “written strategy” is one that helps you define when, where, and how you will get income from your portfolio. It helps you define how long that income will last. It helps you define the different types of investments and financial products you can invest your money in in order to produce income. And lastly, it helps you quantify the investment risk that you can afford as you simultaneously take withdrawals from your portfolio. So, in essence, if you need income from your retirement money on a regular basis, then it’s time that you develop a written plan. Today’s show will dive into three separate methods to do just that!