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03: Turning Your Retirement Savings into Retirement Income

03: Turning Your Retirement Savings into Retirement Income

FromTake Back Retirement


03: Turning Your Retirement Savings into Retirement Income

FromTake Back Retirement

ratings:
Length:
20 minutes
Released:
Oct 3, 2020
Format:
Podcast episode

Description

Building your retirement income plan can become complex.  There’s a lot to put together. You know what assets you have, but how do you organize all of these tools to work together to create sustainable income?    It’s kind of like a jigsaw puzzle. The first step is to separate the pieces into categories. Even though everyone’s pieces will look a little different, Stephanie and Kevin help you see how you can use different vehicles as retirement income.    Key topics discussed:  Categorizing what assets you have is the first step to start your retirement income plan  (01:08) Using U.S. Government funded programs such as Social Security & Medicare (03:12) Other sources of possible income (06:55) Your IRA is not just an investment vehicle (09:28) Using your home as equity (10:41) What role do annuities and life insurance play? (12:07)   Resources mentioned:   Free inventory worksheet can be downloaded here: https://download.filekitcdn.com/d/tcbLcNwXz1FStJwceH9fUD/eqHQ9efpu2KDhRG4yH9Rpu   _____________ If you like what you’ve been hearing on this podcast, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com    You can find the transcript and all of the information about this episode at sofiafinancial.com/podcast   Follow Stephanie on Twitter, Facebook, YouTube and Linkedin.  Follow Kevin on Twitter, Facebook, YouTube and Linkedin.
Released:
Oct 3, 2020
Format:
Podcast episode

Titles in the series (90)

You’re a woman on the cusp of “retirement” naturally feeling some anxiety. We are two financial planners who take this subject seriously (but ourselves less so). We will help you feel more confident about your choices by cutting through the myths and mysteries. Through conversations and interviews with both subject-experts and women who have gone through what you are approaching, you will have the correct information and motivation to be in control of your future.