Uploaded May 2019 | Updated September 2026, 2 weeks ago
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There are a lot of questions that retirees need to answer for themselves before making the jump to full retirement status. We covered a few of them already on this channel such as how much money you need in order to be able to retire, various types of retirement and ways to save money throughout your working years to set up for retirement, and today we're going to be tackling one more of those questions namely what to consider when deciding how to actually withdraw your money in retirement.
Similar to my budgeting series this question has a lot of different answers and depending on what it is you value and are trying to accomplish. So since there isn’t a one-size fits all correct answer in this mini-series we’re going to be examining a bunch of different retirement withdrawal strategies people use to effectively withdraw money in retirement.
But first in order to understand which of the strategies we will eventually be going over will work best for you we need to first understand what we are grading these strategies on. What are the things that actually matter when it comes to choosing how to withdraw your money in retirement? That's where we're going to be covering today. In today’s video we're going to be covering the four factors you should be considering when choosing your retirement withdrawal strategy.
If you enjoyed this video and would like to see more I highly encourage you to check out some of the playlists below and subscribe for weekly videos:
Subscribe for weekly finance videos: youtube.com/channel/UCbsDR27rGCFdDKQVRl_tgEQ?sub_confirmation=1
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Retire Inspired - amzn.to/2D7L12Z
Early Retirement Extreme - amzn.to/2yGKf9g
Your Money or Your Life - amzn.to/2Q1Ryzd
The Automatic Millionaire - amzn.to/2D9WfEk
The Behavior Gap - amzn.to/2CLdWJm
The Intelligent Investor - amzn.to/2PZtz3u
#FinancialIndependence #Retirement #EarlyRetirement
Disclaimers: All opinions are my own, sponsors are acknowledged. Links in the description are typically affiliate links that let you help support the channel at no extra cost to you.
START INVESTING FOR FREE:
📈 M1 Finance - m1finance.8bxp97.net/NextLevelLife
Audible Free Trial (Includes FREE Audiobook) - amzn.to/2zEFqhT
There are a lot of questions that retirees need to answer for themselves before making the jump to full retirement status. We covered a few of them already on this channel such as how much money you need in order to be able to retire, various types of retirement and ways to save money throughout your working years to set up for retirement, and today we're going to be tackling one more of those questions namely what to consider when deciding how to actually withdraw your money in retirement.
Similar to my budgeting series this question has a lot of different answers and depending on what it is you value and are trying to accomplish. So since there isn’t a one-size fits all correct answer in this mini-series we’re going to be examining a bunch of different retirement withdrawal strategies people use to effectively withdraw money in retirement.
But first in order to understand which of the strategies we will eventually be going over will work best for you we need to first understand what we are grading these strategies on. What are the things that actually matter when it comes to choosing how to withdraw your money in retirement? That's where we're going to be covering today. In today’s video we're going to be covering the four factors you should be considering when choosing your retirement withdrawal strategy.
If you enjoyed this video and would like to see more I highly encourage you to check out some of the playlists below and subscribe for weekly videos:
Subscribe for weekly finance videos: youtube.com/channel/UCbsDR27rGCFdDKQVRl_tgEQ?sub_confirmation=1
All of my Personal Finance videos: goo.gl/3qMbXW
All of my Financial Independence & (Early) Retirement Videos: goo.gl/R5JU8E
All of my Stock Market & Investing Videos: goo.gl/swSUQN
All of my Debt-Related Videos: goo.gl/9HkrtF
All of my Budgeting Videos: goo.gl/D3iiSn
All of my Side Hustles/How to Make More Money Videos: goo.gl/oQui48
All of my Book Summaries: goo.gl/xmWeaD
SUPPORT THIS CHANNEL:
Audible Free Trial (Includes FREE Audiobook) - amzn.to/2zEFqhT
Bluehost (Web Hosting) - bluehost.com/track/nextlevellife
ConvertKit (Email Marketing) - mbsy.co/convertkit/42219440
TubeBuddy (Online Tool I Use to Grow My YouTube Channel) - tubebuddy.com/NextLevelLife
RECOMMENDED BOOKS:
The Total Money Makeover - amzn.to/2DaB3Ox
Rich Dad, Poor Dad - amzn.to/2SoMI0t
The Millionaire Next Door - amzn.to/2CJpWuS
The Index Card (Why Personal Finance Doesn't Have to Be Complicated) - amzn.to/2Q5Jz4h
Retire Inspired - amzn.to/2D7L12Z
Early Retirement Extreme - amzn.to/2yGKf9g
Your Money or Your Life - amzn.to/2Q1Ryzd
The Automatic Millionaire - amzn.to/2D9WfEk
The Behavior Gap - amzn.to/2CLdWJm
The Intelligent Investor - amzn.to/2PZtz3u
#FinancialIndependence #Retirement #EarlyRetirement
Disclaimers: All opinions are my own, sponsors are acknowledged. Links in the description are typically affiliate links that let you help support the channel at no extra cost to you.
