How to Turn Your Retirement Savings Into Income

What happens when the paycheck you've relied on for decades suddenly stops? That's the transition at the heart of this episode of Your Wealth Matters. Ryan and Paige Cunningham discuss why having retirement savings and having a retirement income plan aren't necessarily the same thing, and what it takes to turn accumulated savings into an ongoing source of retirement income. From withdrawal strategies and taxes to inflation, portfolio risk and changing spending needs, this episode explores some of the factors that can affect a retirement income plan. Ryan and Paige also discuss why retirement income planning isn't necessarily one-size-fits-all and why a plan may need to be reviewed as circumstances change. Because in retirement, growth isn't the only question anymore. Income is the outcome. Visit YourWealthAdvisors.com to learn more. ——TIMESTAMPS—— 00:00 – Turning Retirement Savings Into Income 03:45 – Why Retirees Worry About Losing a Regular Paycheck 06:20 – Does the 4% Rule Still Work for Retirement? 08:34 – Building a Personalized Retirement Income Plan 11:35 – Accumulation vs. Distribution in Retirement 15:53 – How to Start Building a Retirement Income Plan 19:18 – Creating a Written Retirement Plan 22:21 – Planning Retirement Income for Inflation 24:56 – Managing Investment Risk Near Retirement 27:05 – Making Your Money Work for You ============================================================================ 📅📅 𝗦𝗰𝗵𝗲𝗱𝘂𝗹𝗲 𝗮 𝘃𝗶𝘀𝗶𝘁 with us here 👇 https://calendly.com/-yourwealthga/30min ============================================================================ 🔴🔴 𝗦𝗨𝗕𝗦𝗖𝗥𝗜𝗕𝗘 𝗳𝗼𝗿 𝗺𝗼𝗿𝗲 𝗧𝗜𝗣𝗦:    / @yourwealthmattersga   ============================================================================ 📱📱 𝐂𝐎𝐍𝐍𝐄𝐂𝐓 𝐖𝐈𝐓𝐇 𝐔𝐒 𝐎𝐍 𝐒𝐎𝐂𝐈𝐀𝐋 𝐌𝐄𝐃𝐈𝐀 Facebook:   / yourwealthadvisors   LinkedIn:   / michael-ryan-cunningham   Instagram:   / yourwealthga   #RetirementPlanning #RetirementIncome #IncomePlanning #YourWealthMatters #YourWealthAdvisors DISCLOSURE Investment advisory services offered through Foundations Investment Advisors, LLC (“Foundations”), an SEC registered investment adviser. The content provided is for educational purposes only. Nothing on this channel constitutes investment, legal or tax advice, nor that any performance data or any recommendation that any particular security, portfolio of securities, transaction, investment or planning strategy is suitable for any specific person. Personal investment advice can only be rendered after the engagement of Foundations, execution of required documentation, and receipt of required disclosures. Investments in securities involve the risk of loss. Any past performance is no guarantee of future results. Advisory services are only offered to clients or prospective clients where Foundations and its advisors are properly licensed or exempted. For more information, please go to https://adviserinfo.sec.gov and search by our firm name or by our CRD #175083.