Retirement Income

You spend your life working and saving, but in retirement everything turns upside down as you transition to a life of leisure and need to turn those savings into reliable retirement income.

There are different ways of determining how much retirement income you will need and many different strategies for securing that income.

Your retirement income may come from a mix of savings withdrawals, Social Security, pensions, passive income, annuities, retirement jobs, and more.

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Omnibus Spending Bill Secure Act 2.0

Big RMD Changes and 11 Other Retirement Planning Headlines from SECURE 2.0 and the Omnibus Spending Bill

There are big retirement planning changes with passage of the Omnibus Spending Bill, including the SECURE Act 2.0. See how you are impacted.

December 22, 2022

6 Strategies to Manage Required Minimum Distributions (RMDs)

Are RMDs desired income or a cost? Either way, preserve wealth with these 6 strategies for minimizing taxes on your withdrawals.

December 21, 2022
pros and cons of dividend stocks

15 Pros and Cons of Dividend Stocks for Retirement Savings

Too good to be true? Explore 15 pros and cons of dividend stocks. Good for retirement income, but also expensive, confusing, and risky.

December 1, 2022

Avoid Unnecessary Taxation: 7 Easy Sources of Tax-Free Retirement Income

As a lifelong worker who paid their fair share of taxes, make sure you take advantage of these sources of tax-free retirement income.

August 25, 2022
what is a bond ladder

Is a Bond Ladder Strategy Right for Your Retirement?

Bond ladders can be used to protect against interest rate risk. Discover what they are and why you would use one to secure your future.

July 14, 2022
401k statement different

What’s New on Your 401k Statement? (Why Does it Appear You Have So Little Retirement Income?)

Your next 401k statement is going to look different. And, your retirement income projections may be concerning. Find out why.

June 23, 2022
spend safely in retirement

Want Reliable Retirement Income? Use the Spend Safely in Retirement Strategy

Spend safely in retirement? It sounds promising. Discover how to implement this retirement income strategy developed at Stanford. Read more…

May 26, 2022
average retirement income 2022

Average Retirement Income 2022: How Do You Compare?

Average retirement income 2022 – find out how your income compares to averages and get tips for boosting your income. Read now!

February 24, 2022

Podcast: David Blanchett — Guaranteed Income in Retirement

Steve and David discuss retirement income and go over some listener questions

December 9, 2021
asset allocation as you age

Best Asset Allocation at Different Ages

The best asset allocation strategy for you today? As you age? Is age the best way to determine investment strategy? Get answers.

November 11, 2021
how to apply for social security

How to Apply for Social Security: Easy Steps to the Right Decisions

Find out how to apply for Social Security. Applying for Social Security is very straightforward. The real trick is deciding when. Get the inside scoop!

July 21, 2021
social security strategies

Social Security Strategies: 15 Easy Tips for Making the Best Decisions

Choosing the right Social Security strategies can be a $100,000 (or more) question. Find out how to make the most of this benefit with 16 easy tips.

June 30, 2021
stimulus

24 of the Best Ways to Spend Your Stimulus Check

Depending on your income (not your assets), you may be receiving a stimulus check of somewhere between $1,400 and $2,800. How are people putting this money to use? We asked the Boldin Facebook group and it turns out that the uses are as varied as we are individually. Many are looking to spend the money…

March 18, 2021
low interest high return investments

14 Low-Risk, High-Return Investments: How to Make Money in a Low Interest Rate Environment

When you are retired, or near retirement, it is generally a good idea to have a percentage of your savings in investment vehicles that are lower in risk.  However, it can be difficult to find low-risk, high-return investments — especially now with Certificate of Deposit (CD) and savings account rates at less than one percent.…

February 18, 2021
average retirement income 2021

Average Retirement Income 2021: How Do You Compare?

How are you going to pay for retirement? How is everyone else doing it? What is the average retirement income for 2021? Has it changed a lot from past years with the pandemic? Are you anywhere close to average? 2020 was a devastating year for the finances of many households. And surprisingly, it was also…

February 10, 2021

Podcast: Dana Anspach — Retirement Income Planning

The 50th Boldin podcast! This time, Steve Chen is joined by guest Dana Anspach — Certified Financial Planner™, author, and the founder of Sensible Money — and discusses her practice and approach to retirement income planning. Listen Now: Don’t miss out on future episodes: subscribe on iTunes subscribe on Stitcher And, join our private Facebook…

December 17, 2020
effects of low interest rates

What Are the Effects of Low Interest Rates on Your Retirement?

You may have seen the news: Interest rates in the United States are at historic lows. That sounds great. But is it really? What are the effects of low interest rates on your retirement? Read on to see the pros and cons of low interest rates on your retirement plan. And, how to make the…

October 29, 2020
tax withholding in retirement

How Are Different Retirement Income Sources Taxed? And, How Does Tax Withholding Work in Retirement?

Retirement tax planning is a critical part of preparing for a secure future. The good news is that with so many possible retirement income sources, you have many different opportunities to potentially reduce your tax burden. And, you may even discover that reducing taxes can enable you to retire a little earlier than you might…

October 29, 2020
retirement withdrawals

Your Guide to Developing a Retirement Withdrawals Strategy

You’ve spent your entire working career saving and investing for retirement. Now it’s time to develop a retirement withdrawals strategy. When switching from accumulating to withdrawing, it’s important to come up with a strategy that ensures that your savings are going to last for your lifetime and that your money is used efficiently, not diminished…

July 7, 2020
how to make money in retirement

How to Make Money in Retirement: 14 Real and Really Easy Ways to Boost Income

Regardless of where you are in life, it’s always nice to make some extra money.  And that is especially true in retirement. But, how to make money in retirement when you’re supposed to be simply enjoying the easy life?  The retirement gigs listed below won’t be quite enough to cover retirement expenses, but they won’t…

July 5, 2020
retirement target date fund

Pros and Cons of a Target-Date Fund

A retirement target-date fund is a  professionally-managed mutual fund that is strategically reallocated over time to achieve both growth and security for your assets. The key goal for a target-date fund is that your money will be available for withdrawal on a  targeted retirement date in the future. When you invest in a target-date fund,…

July 3, 2020
Happy Retirement

Surprising Tips for a Happy Retirement

After the stress of building careers and raising kids, most people’s happiness seems to start increasing at around age 65. And, we keep getting happier until it peaks at around age 85. Want to do a little extra to make sure you have a happy retirement? Try these tips: Think About Your Death Yes, you…

July 1, 2020
Early retirement

5 Steps for Defining Your Retirement Drawdown Strategy

If you’re reading this, you’re likely someone who: saves money, has built up some assets, and is starting to think about how to create a retirement drawdown strategy – a plan for how to turn your assets into income that will last for life. Having a sound retirement drawdown strategy and keeping to it is…

June 29, 2020
Retirement

Retirement 101: What is Fixed Income?

The term “fixed income” can be confusing. Many adults of all ages have a reasonably steady income, whether from a salaried work position or dependable work at an hourly job. But a fixed income, at least as it applies to budgeting and investing for retirement, is something different. A fixed retirement income might sound great…

June 28, 2020

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