Retire With Style

Episode 159: Retire with Style Live (not really) Q&A: Part 3

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In this conversation, Wade Pfau and Alex Murguia discuss various aspects of retirement planning, focusing on withdrawal strategies, investment diversification, tax-efficient withdrawals, and the implications of the wash sale rule. They emphasize the importance of having a reliable income stream during retirement and explore different strategies for managing investments and withdrawals to optimize financial security. The discussion also touches on the nuances of taxable versus tax-deferred accounts and the role of annuities in retirement planning. Listen now to learn more!

 

Takeaways

  • Reliable income from pensions can cover basic expenses.
  • Constant percentage withdrawal strategies can lead to volatility.
  • It's beneficial to have a predictable income stream.
  • There are various withdrawal strategies to consider.
  • Investment diversification is crucial for managing risk.
  • Bond funds can provide stability in a portfolio.
  • Tax-efficient withdrawal strategies can optimize tax brackets.
  • Understanding the wash sale rule is important for tax planning.
  • Non-qualified annuities can be beneficial in certain situations.
  • General advice should be tailored to individual circumstances.

    • Chapters

    00:00 Withdrawal Strategies: Constant Percentage vs. Variable Spending

    11:14 Tax-Efficient Withdrawal Strategies
    16:34 Understanding Substantially Identical Securities

     

    Links

    The Retirement Planning Guidebook: 2nd Edition has just been updated for 2024! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/ 

    This episode is sponsored by Retirement Researcher https://retirementresearcher.com/. Download their free eBook, 8 Tips to Becoming A Retirement Income Investor at retirementresearcher.com/8tips

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    Retire With StyleBy Wade Pfau & Alex Murguia
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