In this episode, we delve into two primary strategies for funding your retirement:

Income Method (Interest and Dividends): This approach focuses on generating income by investing in assets that provide regular interest or dividend payments, such as bonds or dividend-paying stocks. By living off this income, you preserve your principal investment, potentially extending the longevity of your portfolio.
Withdrawal Method (Selling Shares): This strategy involves systematically selling portions of your investment portfolio to fund your retirement expenses. A common guideline here is the "4% rule," which suggests withdrawing 4% of your portfolio in the first year of retirement and adjusting that amount for inflation in subsequent years. However, this method can be vulnerable to market fluctuations and may risk depleting your assets over time.

If you've been following our show, you likely know which method we favor. Listen in to learn more about these strategies and discover why we advocate for one over the other.

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How to Choose Your Retirement Income Strategy