Ep 31: 2 Methods to Turn Savings Into Income

Oct 25

One of the biggest challenges when planning for retirement is figuring out a strategy that will allow you to turn your nest egg into income. There are 2 main methods financial planners use to achieve this goal. We will be discussing both of these methods and the variations that you may come across on this episode.

If you have questions, you can always reach out at hello@brindleandbay.com.

For more information visit us at www.brindleandbay.com

Have a question? Text us! (214) 988-9178

Check out our YouTube channel here!

In this episode:

[1:51] Three risk all retirees face

[3:46] Two types - Probability Based and Safety First Based

Nick’s YouTube Video on this topic

[7:33] Pros and Cons to both methods

[14:59] What method do you use at Brindle & Bay?

Articles:

https://www.kitces.com/blog/even-safety-first-retirement-income-strategies-are-probability-based-the-real-distinction-is-risk-transfer-vs-risk-retention/