Managing Your Finances in Retirement - avoid running out of money
Ian Shadrack - Investing Ian Shadrack - Investing
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 Published On Premiered Jun 21, 2024

To truly enjoy retirement you need a robust financial plan. Construct one at https://ianshadrack.com/retirement-ca...

Managing your finances in retirement will ensure you don't run out of money and you don't pay excessive amounts of income tax.

Even if you are already retired, the retirement calculator will allow you to minimize income tax and manage your drawdowns so you have a robust plan without worrying about running out of money.

Sign up for the free Retirement Planning Checklist at https://ianshadrack.com

Chapters
00:00 Introduction
00:24 Avoid running out of money in retirement
01:09 Budgeting in retirement
01:56 Sources of income in retirement
02:35 Minimizing tax in retirement
03:03 Accessing your pension
04:06 Comparison of FAD vs UFPLS
05:06 Order of drawdown in retirement
05:49 4% rule for retirement spending
06:36 Pension contributions
07:27 Investing in retirement
08:32 Taking care of dependents
10:00 Advantages of a financial coach
10:26 Retirement calculator spreadsheet

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