Building your retirement income plan can become complex.  There’s a lot to put together. You know what assets you have, but how do you organize all of these tools to work together to create sustainable income? 

 

It’s kind of like a jigsaw puzzle. The first step is to separate the pieces into categories. Even though everyone’s pieces will look a little different, Stephanie and Kevin help you see how you can use different vehicles as retirement income. 

 

Key topics discussed: 

• Categorizing what assets you have is the first step to start your retirement income plan  (01:08)
• Using U.S. Government funded programs such as Social Security & Medicare (03:12)
• Other sources of possible income (06:55)
• Your IRA is not just an investment vehicle (09:28)
• Using your home as equity (10:41)
• What role do annuities and life insurance play? (12:07)

 

Resources mentioned:

 

• Free inventory worksheet can be downloaded here: https://download.filekitcdn.com/d/tcbLcNwXz1FStJwceH9fUD/eqHQ9efpu2KDhRG4yH9Rpu

 

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You can find the transcript and all of the information about this episode at sofiafinancial.com/podcast

 

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