From Nest Egg to Paycheck: Rethinking Retirement Planning

Comments · 26

• TH

  @theresan-c6770 · 8 months ago (edited) · pinned

  THANK YOU, THANK YOU! I have followed both of you for years and really appreciate the discussion about annuities. My husband is retiring from education with a pension, he chose to also purchase an annuity (vs Rollover IRA) to cover our essential expenses, both include 50% survivor benefit and COLA. Most financial advicers HATE annuities due to fees and illiquidity, but his pension came with decades of union dues and is illiquid. His pension/annuity will establish our income floor, allow me to retire at 62, and delay SS or not should circumstances/economy change. Working until 62 will allow our youngest to finish college and payoff our mortgage. Being supersaver/educators who live in Seattle, moving into retirement debt free and with a solid financial foundation is worth it.

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• TE

  @TexasGirl1633 · 7 months ago

  Great interview - just ordered her book! I retired at age 56 (divorced with no kids) and saved well. I am now almost 66 and just started taking money out of my investments 1-1/2 years ago. I plan on not taking my Social Security until age<br>68 - 70. My parents have passed and I used my inheritance to fund my retirement for some of these past years. It is so hard for me to get into the withdrawal mode for my investments. I had a financial planner years ago tell me “You don’t want to be the richest person in the cemetery” 😂<br>A huge mind shift for sure!!

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• SP

  @SpringRubber · 8 months ago

  63 year old male here. &nbsp;I first learned of Christine via AAII and she is gold. &nbsp;Both referred to &quot;reverse budgeting&quot; -- never heard the term before but it sounds like what we&apos;ve done: &nbsp;invest a portion of your paycheck (&quot;pay yourself first&quot;), pay for all the essentials and what&apos;s left is discretionary. &nbsp;If lucky, any extra stays in the savings account.

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• PA

  @patmccullough5885 · 8 months ago

  The 62 to 65 initial phase to my retirement has been the more challenging step. &nbsp;Health insurance costs, sequence of returns risk, political uncertainty could all undermine my confidence that I’m navigating this period successfully without long term financial consequences. &nbsp;After 65, SS and pensions will be triggered on a time line that could be accelerated if I need/want to do it. &nbsp;Thinking through a short term and medium/long term plan separately really helped. &nbsp;Circumstances can change, and the plans can be revisited.

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• DD

  @dd5450 · 8 months ago

  The dividends feel more spendable reason is easy. You’re not spending principal. &nbsp;<br>Spending principal feels different than spending wealth.

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• DA

  @danieloconnor548 · 7 months ago

  Inflation needs to be discussed more and how various income streams are effected

• DA

  @danielwaltemeyer8583 · 7 months ago

  My guilty pleasure is the bagel steak and egg!

• AN

  @angelabaker8377 · 8 months ago

  I just finished How to Retire. It was very informative. &nbsp;Thank you

• 70

  @70qq · 8 months ago

  🤘 i see Christine , i click &nbsp;... its always good info that is well presented

• KA

  @kathyn91 · 8 months ago

  Timely and helpful interview. I will get her book. Thank you!!

• DM

  @dman2648 · 10 days ago

  Financial planners don’t like to recommend because it decreases their AUM.

• RH

  @rhondavigil795 · 8 months ago

  Spending plans for retirees vary drastically. <br>We retired using the rule of 55. We have access to 1 401k without penalty. &nbsp;Once we hit 59.5 we&apos;ll have access to more accounts. <br>We planned for this with brokerage accounts and cash savings.<br>The hope is that our 1 401k will last until 62. It will be close.<br>Our other &quot;buckets&quot; are growing nicely. <br>No money worries here, thankfully.

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