Will your retirement income last as long as you do? According to research cited by Goldman Sachs, nearly 60% of people are worried about running out of money in retirement.
In this video, Joe Franklin examines 5 popular retirement income strategies and explains the advantages, risks, and tradeoffs of each. Using findings from Morningstar’s State of Retirement Income report, he compares traditional approaches like the 4% rule, dividend investing and annuities with more flexible strategies designed to adjust as markets, inflation and retirement needs change.
Joe also shares Franklin Wealth Management’s preferred retirement income harvesting approach. This strategy divides retirement savings into safe, income and growth buckets to help provide dependable income during market downturns while allowing the rest of the portfolio time to recover and grow.
Topics Covered:
– The factors that should shape your retirement income plan
– Morningstar’s latest safe withdrawal rate research
– The risks of withdrawing a constant percentage each year
– The benefits and hidden costs of annuities
– How dividend investing can provide retirement income
– Why the traditional 4% rule may be too restrictive
– How dynamic guardrails can adjust spending with the market
– How inflation affects the longevity of retirement savings
– Protecting against sequence-of-returns risk
– Using bond and CD ladders to create dependable income
– The safe, income and growth bucket strategy
– How Roth conversions and tax-efficient withdrawals may help your money last longer
The right retirement income strategy should give you confidence without preventing you from enjoying the money you worked hard to save.
