After years and years of saving money, there will come a point where we need to make withdrawals for retirement income and have to begin taking money out of those IRA accounts and those qualified accounts. The question many pre-retirees and retirees have is how do you know how much you can pull out and spend safely? This is a topic that’s very relevant to anyone approaching retirement, but even if you don’t think you’ll need to take money out of these accounts any time soon, you absolutely should put a plan in place well in advance so that you know you’ll be pulling money out safely and efficiently. This episode will explore what the research tells about withdrawal rates and take you through the different variables we consider when developing our Redefining Wealth® Custom Blueprint Income Plan. Understanding income and expenses is critical in times of volatility like we’re seeing now, which is why a combination of income planning strategies is essential to long-term success. We want to make sure you have a process and a purpose for your money so one bad quarter doesn’t derail your retirement plan. Redefining Wealth® Custom Blueprint Income Plan: https://redefiningwealth.info/schedule/ Rate, Review and Subscribe to the Podcast: https://podcasts.apple.com/us/podcast/retirement-talk-podcast-with-laura-stover/id571347188 How to Connect: redefiningwealth.info lswealthmanagement.com Schedule a Review: https://redefiningwealth.info/schedule/   Timestamps (show notes): 1:27 – Why this topic is so important to retirement 4:25 – What variables should you consider? 10:15 – Logic vs emotion in decision making 14:53 – What research has found about withdrawals 17:58 – Taking a close look at expenses 23:22 – Safe rates of return

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