Join hosts Nick and Dave as they dig into one of the most important aspects of financial planning for retirees: when and how to adjust your retirement income. Whether you’re navigating market volatility, planning for worst-case scenarios, or wondering if you can spend more than you thought, this episode is packed with actionable insights for retirees and those planning their next chapter.

https://youtu.be/f8NIi_CfYw8

Learn how defining your income rules early on helps reduce emotional decision-making later.

Understand the differences between necessary expenses (like bills) and discretionary spending (like travel), and how these categories play into market ups and downs. Check out our episode on HOW to Adjust Your Retirement Income.

Discover techniques for adjusting your spending in bear markets to keep your long-term plan on track, including tips on finding a sustainable withdrawal rate.

Why many retirees may be underspending and how to recognize when it’s safe to increase your discretionary budget.

Dive into historical scenarios like the Great Financial Crisis and stagflation to see what they teach us about retirement income adjustments.

From Monte Carlo simulations to strategies for creating fixed income sources, Nick and Dave break it down step-by-step.

Resources Mentioned:

Market downturns happen, but you don’t need to panic. This episode will give you the confidence and tools to stick to your financial principles, make informed adjustments, and sustain your retirement income for the long run.

Got questions or want help with your retirement income plan?

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