12 min listen
03: Turning Your Retirement Savings into Retirement Income
03: Turning Your Retirement Savings into Retirement Income
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)
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