How to Create Retirement Income

How to Create Retirement Income

Where do you get your Income in Retirement?   Now that we understand a little better what expenses are going to be in retirement, how do you replace your paycheck and pay for all of those expenses? And where does that income come from? Retirement planning is sometimes called retirement income planning, because retirement is all about turning assets into income. The goal is to get money into your checking account automatically once or twice a month,…
how much can I spend in retirement

How Much Can I Spend in Retirement?

How Much Can I Spend in Retirement?   Let’s take a break from taxes for a moment and talk about something fun… spending money! How much can I spend in retirement? Taxes are often a retiree’s largest expense, but this expense is tied to how much money you need to live on in retirement. That is, the more you spend, the more you will own in taxes. In general. After all, retirement is all about converting your…