Retirement income planning is about turning savings into a steady paycheck once work income stops, shifting the focus from growing money to preserving and distributing it efficiently. CWM recommends creating a structured withdrawal plan by calculating monthly essential and discretionary expenses, subtracting guaranteed income like Social Security or pensions, and using savings to consistently fill the remaining gap. Watch this video to learn about a three-layer approach: (1) guaranteed income to cover essentials, (2) conservative income investments like bonds or dividend stocks for stability, and (3) growth investments to combat inflation and support future withdrawals.
