Episode 050 Solving the retirement income conundrum. Featuring David Macchia, Tech Entrepreneur

David Macchia is an entrepreneur, a thought leader, and a public speaker focused on communication and tech solutions for retirement income distribution planning. David writes frequently on the retirement income for consumers and financial professionals, and is the author of Lucky Retiree, how to keep your retirement income and create it using the Income for Life Model.

In 2004, David realized that there were 76 million baby boomers approaching retirement who didn’t know how to turn accumulated savings into retirement income. In the US, we don’t educate people how to turn a nest egg into retirement income. 

David likes to focus on American women through his Women and Income™ program developed for female investors who are approaching retirement or recently retired. 

David makes this complicated subject easy to understand. We discuss:

The difference between financial planning and retirement income planning.

The problem with the commonly used traditional approach called the total return strategy.

The three labels of retirees-under-funded, over-funded and the constraint strained.

How to mitigate risks.

A balanced strategy includes safe investments and paychecks, ongoing exposure to equities and stock market participation.

Nobel Prize winner Robert C. Merton’s quote, “In retirement, it’s your income, not your wealth, that creates a standard of living.”

The bucket strategy.

How men and women think differently about investing.

Enjoy the show!

Connect with David:

Website: https://davidmacchia.com/about/

Website: https://wealthpop.com/retirementinvestor

Connect with Kris:

Website: https://www.lpfadvisors.com/

LinkedIn: https://www.linkedin.com/in/kristopher-flammang-lpfadv/

Twitter: @kflammang

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