Shotwell Rutter Baer Financial Planners

Saving for retirement is only half the equation. The harder question is this: How do you turn your retirement savings into dependable income?

Should you take money from your 403(b) first? Delay Social Security? How do taxes affect your withdrawals? And how do you know if your retirement income will last?

In this clip, we discuss why retirement planning has changed from the pension era and why today's retirees need to create income strategies using multiple retirement accounts and income sources.

We cover:

• How to know if you're withdrawing too much or too little
• Why retirement income planning is more complex today
• The importance of balancing different income sources
• Questions retirees should ask before creating an income strategy

This is only part of the conversation. In the full episode, we go deeper into retirement income planning for Michigan State University employees, including 403(b)s, 457 plans, Social Security timing, taxes, TIAA options, and withdrawal strategies.

Watch the full episode here:
https://srbadvisors.com/s5e11-how-to-calculate-your-retirement-income/

Contact SRB today at 517-321-4832 or email us at [email protected]. Don't forget to subscribe to our channel for more bite-sized financial and retirement tips: https://www.youtube.com/

How do you decide which retirement income sources to use first? Should you draw from your 403(b), wait on Social Security, or prioritize guaranteed income?

Retirement income is rarely as simple as withdrawing the same amount every year. The real challenge is creating a strategy that balances retirement accounts, Social Security, taxes, and guaranteed income sources to build a more consistent paycheck in retirement.

In this clip, we talk about:

• Why retirement income planning involves more than the 4% rule
• How guaranteed vs. non-guaranteed income impacts your strategy
• Why retirement withdrawals often change over time
• How Social Security timing affects retirement income planning

This is one piece of a bigger conversation about creating retirement income for Michigan State University employees. Watch the full episode to learn how 403(b)s, 457 plans, TIAA options, Social Security, and withdrawal strategies work together in retirement.

Watch the full episode here: https://srbadvisors.com/s5e11-how-to-calculate-your-retirement-income/

Contact SRB today at 517-321-4832 or email us at [email protected].

Don't forget to subscribe to our channel for more bite-sized financial and retirement tips: https://www.youtube.com/