Here’s some of what we discuss in this episode:
📊 Smart Diversification: Separate growth and income assets
🧾 Tax Diversification: Build flexibility across tax buckets
⏳ Plan Duration: Make retirement income last longer
🛡️ Downside Protection: Guard withdrawals during market declines
💳 Discretionary Spending: Account for lifestyle beyond essentials
Today’s Hack
According to a recent Kiplinger article, there are five keys to a retirement plan that hold up over time. They all happen to start with the same letter, which either means it’s a great framework or someone really wanted it to work out that way. In this episode, Phil walks through the “5 D’s” of retirement planning and how each one plays a role in helping retirees build a plan that can hold up over time.
Go Inside the Episode:
0:00 – Intro
1:03 – Diversification
3:58 – Tax Buckets
5:43 – Duration
7:39 – Downside Protection
12:08 – Discretionary Income
15:39 – Drag
How to Turn a $1 Million Nest Egg Into a Lifetime Income Machine
If you have any questions about what we discussed in this episode, reach out and we’ll be happy to set up a time to talk.
Get your copy of The Tax-Smart Retiree: https://www.thetaxsmartretireebook.com/welcome