Jul 20, 2021
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.
- 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
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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