
#033 - Summary of different portfolio withdrawal strategies
Retirement Planning Education, with Andy Panko
00:00
How to Get the Most Out of Your Annuity Income
You can take out pure, variable amounts of withdrawals whenever you need it. The downside is that without having any sort of restrictions or limits, you really have no bearing how long your money's going to last. You're probably only skimming off principle and intsr dividends and interests. But the next year, or if you ne a hundred grand for whatever reasona, that's a big chunk. This isn't feasible unless you have large portfolios in all small expense accounts. And then on just skimming off dividends and interest at this point ui need to take out about two % of your portfolio. So if you want to take some of the market risk, some of the unknown
Transcript
Play full episode