The theme this week on the One Minute Retirement Tip podcast is: setting your retirement budget. 

Today, I’m talking about understanding the income side of your budget, which is money coming in. And I want to focus on the more reliable streams of income that are fixed. These would include social security and pension payments and to a lesser extent, rental income and part-time employment in retirement. 

Talking points:

• Take inventory of all of your sources of income - understand and account for all of your income sources
• • SS, pension, alimony, rental property income, annuity income, part time income in retirement 
  • Leave out investment portfolio income since that will vary more...I’ll cover that tomorrow
• Important to categorize and line item (rather than bunching all income sources together)
• • Also need to understand how long income payments will continue for any Example - PT income for 5 years
• Email me for a free budget worksheet

That’s it for today. Thanks for listening! My name is Ashley Micciche and this is the One Minute Retirement Tip. 

----------

>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance