Lesson 4: Planning for Retirement Income

Course 6 covered Planning for Retirement Income. However, it is essential to cover the highlights again to reiterate its placement in Developing a Retirement Plan.

As we discussed previously, it is crucial to ensure sufficient income to cover living expenses, achieve retirement goals, and mitigate the risk of outliving retirement savings. It is a critical aspect of retirement planning for financial security in retirement.

In this Video…

You will gain valuable insights into mitigating the risk of outliving your retirement savings and ensuring sufficient income to cover your living expenses and achieve your retirement goals throughout your retirement years. Whether you’re just starting to plan for retirement or looking to refine your existing plan, this video is a must-watch to help you develop a retirement income plan that aligns with your unique needs and goals.

What We Covered?

  • Estimate your retirement income needs, including living expenses, healthcare costs, and other expenses associated with your retirement lifestyle.
  • Identify your retirement income sources, such as Social Security benefits, retirement accounts, pension plans, rental income, and other sources of income.
  • Consider your retirement income timing and develop a retirement income strategy based on your retirement income needs and sources.
  • Monitor and adjust your retirement income plan as your needs and sources change.
  • Consider longevity risk and strategies for generating income in retirement guaranteed for life, such as annuities or other retirement income products.

Helpful Resources

Here are some helpful resources to deepen your understanding of planning for a retirement income:

Exploring Further: Outbound Links

Explore this course’s “Helpful Resources” section, where you’ll find a handpicked collection of valuable links to develop your retirement plan further. Expand your knowledge and access additional tools to enhance your retirement planning journey.

Disclaimer: This course, lessons, and videos are for educational purposes only and should not be considered financial, medical, or legal advice. For personalized advice and guidance, please consult with a licensed professional. For complete disclaimers, please refer to our Terms of Use.