Ep 11: Mastering Retirement Cash Flow - Understanding Income Planning

Wealth & Wisdom with Michael Loftus

Today we’re following up on a cash flow conversation we started on the last episode. This time, we're diving into the income side of the equation.

This might be the most important piece of the puzzle because income planning plays a crucial role in retirement success. We’ll uncover the secrets of guaranteed income versus the uncertain stuff and shed light on the consequences of retiring without a clear income plan. Don't worry if you're feeling lost - we've got your back with practical solutions and expert guidance.
We’ll cover some other key financial topics on the show as well and let you know when you should try to tackle these. Timing is important so knowing when to address these needs will help you stay on track for retirement.

Here’s some of what we’ll cover on this show:

• Why income is so critical and what could go wrong if you don’t have a clear picture of your retirement income.
• The different sources of income – both guaranteed and non-guaranteed – that most people will utilize.
• When should you aim to be debt free?
• Do you have too much risk in your portfolio for your age?
• Is it worth keeping your mortgage in retirement in order to get the tax deduction?

LEARN MORE:

Recent educational videos on YouTube: https://bit.ly/3CMiRbt
Schedule a meeting with Michael: https://lwsde.com/schedule-a-meeting/
Visit Michael's website for more resources: https://lwsde.com/
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