Turning Savings into Lifelong Income: A Retirement Guide
Update: 2025-11-29
Description
Turning Savings into Steady Retirement Income: A Comprehensive Guide - This episode delves into the challenge of converting savings into a reliable income stream during retirement. With 93% of workers desiring lifetime income options, the lack of such provisions in most 401(k) plans is a significant concern. The episode explores the concept of decumulation, the process of managing savings for long-term use, and offers strategies such as the bucket strategy and fixed annuities for guaranteed income. The importance of tax management is also emphasized, with advice on sequencing withdrawals from different account types to minimize tax burden.
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