2731: [Part 1] Running Low in Retirement - Income Strategies by Darrow Kirkpatrick of Can I Retire Yet

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2731: Explore vital strategies for securing a stable retirement income with Darrow Kirkpatrick as he delves into methods beyond the traditional work paradigm. Learn how to utilize annuities and other assets effectively to safeguard your financial independence in the later years, ensuring peace of mind amidst the uncertainties of retirement. Read along with the original article(s) here: https://www.caniretireyet.com/running-low-in-retirement-income-strategies/ Quotes to ponder: "Running out of money before you run out of life. It’s the biggest fear many retirees face." "To be realistic, a retirement backup plan needs to be entirely under your control." "When you purchase an annuity, you can usually increase your effective investment income yield by several percentage points, depending on your age." Episode references: ImmediateAnnuities.com: https://www.immediateannuities.com/ Vanguard’s Intermediate-Term Bond Index Fund (VBIIX): https://investor.vanguard.com/investment-products/mutual-funds/profile/vbiix Improving Retirement Income Efficiency Using Reverse Mortgages" by Wade Pfau, Retirement Researcher: https://retirementresearcher.com/improving-retirement-income-efficiency-using-reverse-mortgages/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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Optimal Finance Daily, hosted by Diania Merriam, the innovative mind behind the personal finance conference EconoMe, takes you on an enlightening journey through the world of personal finance. Each episode brings to life the most compelling and practical advice from leading financial bloggers and experts. Diania’s engaging narration and insightful commentary transform complex financial concepts into relatable, actionable insights. Whether it’s budgeting, investing, debt management, or money mindfulness, she covers it all, making financial wisdom accessible to everyone. Gain not just knowledge, but also the motivation to apply it in your daily life. It's not just a source of personal finance tips; it’s a daily companion that guides you towards financial independence and savvy money management, all delivered with Diania's trademark enthusiasm and expertise. By focusing on early retirement, financial independence, and saving money, each episode provides you with the tools needed to achieve your financial goals. This podcast is designed for those passionate about personal finance, early retirement, financial independence, and saving money. It’s your go-to source for practical advice on managing your finances, saving money, and working towards early retirement. Each episode offers actionable steps to foster financial independence and secure your financial future. Listen now, and become an OLD friend--your optimal life awaits...