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7 Simple Tips to Increase Retirement Income Without Extra Work or Saving More | The Limitless Retirement Podcast
Manage episode 434214089 series 3428945
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"Whether you're 45 and have 40 years of retirement to live through, or you're 65 and have roughly 20 years of a retirement time horizon, deciding on how you can take money out of your portfolio is going to really impact how much it can generate in monthly or annual income."
What if you could boost your retirement cash flow without taking on another job or putting more aside for savings?
Listen in as our host Danny Gudorf shares seven powerful steps to significantly increase your monthly payments and protect your money for the long-term, from strategically delaying your Social Security and retirement year, to timing portfolio withdrawals for maximum returns, to utilizing the power of a tax professional and reverse mortgages.
Danny offers a glimpse into Gudorf Financial Group’s unique guardrails strategy, designed to help you navigate the complexities of retirement while preserving your hard-earned wealth with confidence. He sheds light on the keys to adjusting your spending based on portfolio performance in order to mitigate risks and ensure a secure financial future.
Key Topics:
- Delaying your Social Security (1:28)
- How to Take Withdrawals Out of Your Portfolio (2:47)
- Take Advantage of Free Money from Your Employer (6:04)
- Hiring a Tax Professional (7:34)
- Why Wait an Additional Year Before Retiring? (9:07)
- Downsizing your Home (10:43)
- Reverse Mortgages (12:26)
Resources:
40 episoade
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