401k Investment Strategy Idea When Your Getting Close to Retirement

If you’re like a lot of our clients, you are trying to achieve a 10 out of 10 confidence level about your ability to retire - anything less than that is less than ideal, right? Well, if that’s true, then you can’t ignore this one important piece of your retirement plan: your retirement income withdrawal strategy.
Dave Zoller, CFP®

❤️[MY FAVORITE RETIREMENT PLANNING SOFTWARE + VIDEO WALKTHROUGH]❤️
Achieve Your Successful & Secure Retirement WITHOUT A Financial Advisor

00:00 Level 10 Confidence
00:25 2 Years out from retirement
01:49 What could he have done differently?
02:30 Order of Importance: Step 1
03:44 Step 2: The Income Plan
04:13 401k Allocation: One thing they could have done differently
05:32 Recap

👨‍👩‍👧‍👦The Family Planner👨‍👩‍👧‍👦
Make Life Easier For Your Family

🌄 Find Your Purpose In Retirement 🌄

🍀Get The 5-Minute Retirement For Free🍀

🙏 [MAXIMIZE PHILANTHROPY CALL]🙏
Maximize your impact for charities and minimize your taxes

🏝My Favorite Retirement Calculator 🏝

➡️ [MAKE RETIREMENT MORE EXCITING]

-----------------------
⬇️ ⬇️ ⬇️
POPULAR RETIREMENT VIDEOS

7 Things Happy Retirees Do Well. Retirement Planning Tips From Recent Retirees

Why Delaying Retirement Might NOT Be a Good Idea

Is The S&P All I Need to Retire?

3 Must-Have Assets When Retirement Planning.

-----------------------

#retirement #howmuchtoretire #retirementplanning

MUSIC:
Stary Sky- Simon Grob
Subway Dreams- Dan Henig

Disclaimer: Since we don’t know your specific situation, none of this information should be construed as tax, legal, financial, insurance, financial advice, or other advice and may be outdated or inaccurate. It is your responsibility to verify all information yourself. This content is prepared for entertainment purposes only. If you need advice, please contact a qualified CPA, attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with. Streamline Financial Services, LLC or its members cannot be held liable for any use or misuse of this content.
Affiliate Disclaimer: This post may include affiliate links where we may earn a payment when you click on the links at no additional cost to you.
Disclosures: Securities offered through LaSalle St. Securities LLC (LSS), member FINRA/SIPC. Advisory services offered through LaSalle St. Investment Advisors LLC (LSIA), a Registered Investment Advisor. Streamline Financial Services is not affiliated with LSS or LSIA. LSS is affiliated with LSIA.

[JasperWilliams-jkqd]

Very smart and concised. If one is smart enough these ideas can be well scrutinized and implemented as the case maybe

[clbcl]

From 12/31/21 to 3/31/23 when we got the 1st update on my wife's inheritance accounting which was 100% stocks only lost 1.98%. in total. We assumed a huge loss because the trustee was completely inept at all the duties and would never say if anything was being done the protect a 7 figure trust.

[jefflloyd]

Thanks Dave. What about going for growth, but hitting roth roll overs if the market tanks? Win win strategy? Just need a little tax free in a conservative bucket?

[richardallen]

Mine is similar to your example, but I do have a couple pensions to fall back on, which means I am not dominated by my 401k

[ralphparker]

If you set your spending rate after a long drawdown based upon what you have at retirement. You will probably do very well in retirement because you'll probably see a nice rise in your investment values for the next few years. You'll avoid that pesky sequence of returns risk that can bite you if the market crashes in the early years of retirement after you've set for yourself a high spending rate.

[rafaelseymour]

I currently started saving with tycoon financials with there help I can say I have saved more money and also earned more too, I guess I’m ready to retire early lol

[MResearch]

Ouch, that example. Hindsight is cheap. "Darn, the market is down. I could have pulled money out into safe harbor." Says everyone, 100% of the time. Timing the market is easy in hindsight. Playing it too safe doesn't keep up with inflation. A more transparent illustration would be to show the two extremes of pulling conservative money out - the market fell... and the market grew... and the impact on the future of the portfolio.

[blackbeardpapa]

good stuff...but...as you can see in the past two years EVEN conservative allocations like bonds have done horribly bad. SO for that theoretical person it would have been bad on both in that case ONLY CASH would have saved them. But who saves $200, 000 worth of cash when inflation is what it me that.... sire.