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Ep 31: 2 Methods To Turn Savings Into Income
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One of the biggest challenges when planning for retirement is figuring out a stategy that will allow you to turn your nest egg into income. There are 2 main methods financial planners use to achieve this goal. We will be discussing both of these methods and the variations that you may come across on this episode.
Michael Kitces Article: https://www.kitces.com/blog/even-safety-first-retirement-income-strategies-are-probability-based-the-real-distinction-is-risk-transfer-vs-risk-retention/
Wade Pfau Article: https://knowledge.wharton.upenn.edu/article/what-will-you-need-to-retire-with-safety-and-security-lanning/
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