Nearing retirement and wondering how to make the most of your $2 million nest egg? The last thing you want is to run out of money and risk going back to work. In this video, we'll explore three highlevel retirement income strategies for you to consider when doing your planning.

We'll break down how much a year you could spend in retirement if you want to:
Spend Frugally, Live off Social Security, Have a Large Estate
Spend Moderately, Enjoy GoGo years, and Still Ensure Your Family's Financial Security
Spend Entire Retirement Portfolio, and Die With Zero. Is it as risky as it sounds?

But there's a catch! One critical decision could wipe out all of these scenarios if you're not careful. Stay tuned until the end to find out what it is!

We'll also discuss essential factors like taxes, social security, healthcare, and more that you need to consider when planning for your retirement. You'll discover why a comprehensive plan like the RSP is crucial for a secure financial future.

Jump right in:
00:52 Three Different Retirement Spending Goals We Usually See
01:57 Potential Outcomes of DIY Retirement Planning
03:35 Basic Parameters For This Planning Exercise
04:29 1st Scenario: $84,000/year + Additional $50,000 for First 15 Years
07:04 Common Mistakes We See People Make
08:03 Proposed Adjustment For a More Secure, Guaranteed Stream of Income
13:13 Don’t Rely on This Alone When Trying to Predict Future Possible Returns
15:02 2nd Scenario: $84,000/year
17:00 The Biggest Concern With This Scenario
17:48 HighLevel Tax Analysis & Considerations
19:39 One Reason This Strategy May Not Be For You
22:22 A Possible Route to Much Higher Guaranteed Income
23:05 3rd Scenario: $150,000/year A Risky Choice
24:37 BONUS: What To Have in Place Before Age 65

#retirementplanning #retirementstrategies #IRA

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Dive deeper into the factors considered when Planning your Income for Retirement:    • Step 2 of Retirement Success Plan: In...  

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Disclaimer:
This video discusses fixedincome investing and utilizes the 10year U.S. treasury as a general representative fixedincome investment. Conclusions reached, opinions stated, and downside risks and potential returns presented should not be construed as applying to other types of bonds or fixedincome assets. Other types of fixedincome products carry different levels of risk and return potential and should be evaluated as an element of a diversified portfolio with your specific risk tolerance, investment objectives, and timeline in mind. Nothing in this video is investment advice, an investment recommendation, or an offer to buy or sell any security. Investing involves risk.