You Can't Retire Until You Know THIS
In this episode we review a simple retirement formula that you can use to find the minimum amount of portfolio assets you would require on the day you retire.
We call this formula the "Required Portfolio Income" formula.
Required Portfolio Income is a fancy way of putting a dollar number to your expected distribution rate.
Thinking only about distribution rates is very hard to relate to for most of us.
We think in terms of dollars and cents.
Therefore, translating that distribution rate into an actual dollar amount answers the question:
How much money will I need to take out of my portfolio each year in retirement in DOLLARS.
Getting familiar with this formula will help take your retirement planning efforts out of the theoretical and into the practical...
Listen to the episode to learn more.
If you found this episode helpful, subscribe so you don't miss any future episodes.
Also, I'd greatly appreciate it if you gave a rating and review. It helps other people just like you find the podcast and benefit from discussions on these topics as well.
Eric Amzalag, CFP®, RICP®
_ _
Want help with your Retirement Plan?
Schedule a free consultation
Email me: Eric@thepeakfp.com
Visit my Youtube Channel
We call this formula the "Required Portfolio Income" formula.
Required Portfolio Income is a fancy way of putting a dollar number to your expected distribution rate.
Thinking only about distribution rates is very hard to relate to for most of us.
We think in terms of dollars and cents.
Therefore, translating that distribution rate into an actual dollar amount answers the question:
How much money will I need to take out of my portfolio each year in retirement in DOLLARS.
Getting familiar with this formula will help take your retirement planning efforts out of the theoretical and into the practical...
Listen to the episode to learn more.
If you found this episode helpful, subscribe so you don't miss any future episodes.
Also, I'd greatly appreciate it if you gave a rating and review. It helps other people just like you find the podcast and benefit from discussions on these topics as well.
Eric Amzalag, CFP®, RICP®
_ _
Want help with your Retirement Plan?
Schedule a free consultation
Email me: Eric@thepeakfp.com
Visit my Youtube Channel
Creators and Guests
Host
Eric Amzalag
Hi - I'm Eric Amzalag CFP®, RICP®, founder of Peak Financial Planning.I work with individuals and couples nationwide to help you navigate the Retirement Risk Zone. We build models that help you optimize your retirement income, create spending flexibility in retirement, and help you understand your financial weaknesses.
