Sep 29, 2023
Something More with
Chris Boyd
Featuring Chris Boyd
and Co-host Jeff Perry
Topic: The Four Threats
to the Distribution Phase of Retirement
In this episode, Chris and
Jeff delve deep into the critical phase of retirement - the
distribution phase. Often overlooked, this phase poses its unique
challenges, and Chris and Jeff aim to spotlight the four primary
threats that retirees face during this time:
- Market
Volatility: Chris and Jeff start by discussing the
unpredictability of markets and how an ill-timed downturn can
significantly impact retirees' nest eggs. Drawing from real-life
examples, they offer strategies to mitigate this risk and ensure a
steady income stream even in turbulent times.
- Longevity
Risk: With
advances in medical technology and healthier lifestyles, people are
living longer than ever. But is their retirement income set up to
last as long? Jeff and Chris touch upon the importance of planning
for a potentially longer retirement and its financial
implications.
- Inflation's
Invisible Hand: The silent eroder of purchasing power, inflation is a
threat that often sneaks up on retirees. Chris and Jeff discuss its
subtle but potentially devastating impact, especially for those on
fixed incomes, and provide tips to inflation-proof one's retirement
funds.
- Sequence
Risk: Chris and Jeff dig keep into Sequence
Risk which is defined as withdrawing funds from a retirement
account may hurt the overall rate of return. While a very
indivdualized decision, coming up with the right withdrawal plan
can result in a more comfortable retirement.
Chris and Jeff's insightful
discussion, peppered with actionable advice, is a must-listen for
anyone nearing retirement or in the distribution phase. They shed
light on potential pitfalls and provide listeners with tools and
strategies to navigate this crucial period confidently and
securely. Whether you're a retiree, soon-to-be retiree, or just
planning for the future, this episode is packed with valuable
takeaways to ensure a smooth and worry-free retirement distribution
phase.
If you need help with financial planning
issues don’t hesitate to reach out to Asset Management Resources at
(866) 771-8901.
Something More with Chris
Boyd:
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