Episode 10: How to Build a Retirement Income Plan

A retirement account balance is not a retirement income plan. Those are two different things — and confusing them is one of the most common and costly mistakes I see. A real income plan answers a specific question: where will your money come from, every month, for the rest of your life?

In this episode, I walk through the framework I use to build retirement income plans for clients — step by step.

In this episode:

▸ The difference between a balance sheet and an income plan

▸ How to identify every income source you'll have in retirement

▸ How to calculate the gap your portfolio needs to fill

▸ How to stress-test the plan against inflation, taxes, and market risk

Episode 10 of the Retirement Transition Series — 12 short episodes for people who are 5–10 years from retirement.

▶ Next: Episode 11 — How Do You Know If You're Ready to Retire?

▶ Watch Episode 9 → 5 Biggest Financial Mistakes People Make in Their 50s

Ready to build your retirement income plan? Schedule of Retirement Plan Fit Call