In this episode, The Annuity Man and Dana Anspach discuss:
Juicing your retirement money
How can you know if you’re “retirement-ready”
What are some things you have to consider when setting up your retirement plan
The four percent rule
Key Takeaways:
Don’t underestimate what more you can juice from your retirement plan. You might very well end up with hundreds of thousands of dollars by the end of it.
You need to know what the risk factors are in the decumulation phase.
Calculating the bigger picture of your retirement will help you make decisions that increase your probability of success and have peace of mind in the future.
The reality is that you can’t spend just a solid percentage in your retirement fund, there are circumstances that would have to be accounted for - like needing to buy a car or having a health issue in the family.
"People are so focused on accumulating assets, which is relatively easy compared to the math you have to solve when you start drawing money out.” — Dana Anspach
Connect with Dana Anspach:
Website: https://controlyourretirementdestiny.com/ | https://www.sensiblemoney.com/
Facebook: https://www.facebook.com/SensibleMoneyUS
Podcast: https://podcasts.apple.com/us/podcast/control-your-retirement-destiny/id1438488254
LinkedIn: https://www.linkedin.com/in/danaanspach
Twitter: https://twitter.com/SensibleMoneyUS | https://twitter.com/moneyover55
Books: https://www.amazon.com/Dana-Anspach/e/B00GL9WC82%3F
Connect with The Annuity Man:
Website: http://theannuityman.com/
Email: Stan@TheAnnuityMan.com
Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work
YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g
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