How to Manage Your Cash Flow in Retirement
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How to Manage Your Cash Flow in Retirement
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In today's episode, Matt reviews common strategies for managing your cash flow in retirement, and outlines the major risks to your income you need to plan for in retirement. Many people focus on the big number, the total amount of savings they need before they can safely retire. There's a lot more to it than that, however. When you retire you will need to a certain amount of cash live on, month to month, year to year, and you need to be certain that you have enough coming in to cover your bills and enjoy life, without worrying about running out of money in old age. Then, it's wise to make sure you are taking income in a tax-efficient manner, from the right accounts, in the right order, at the right time.
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