One of the biggest changes when making the transition to retirement is giving up the steady paycheck from your employer. In retirement, the responsibility of replicating this paycheck shifts to you, but it can be difficult to understand how to use your investments and income sources (like Social Security) to create your retirement paycheck. In this episode, we explain the entire process, including understanding what will make up your paycheck, how to create it, checking whether your investment withdrawal rate is “safe,” and being smart with tax planning and strategically withdrawing from your accounts in order to minimize the amount that goes to the IRS.

Resources & People Mentioned

• How to Create a Paycheck in Retirement

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